GGR: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
GGR
NACE 38.210, Materials recovery from waste
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€598,122
2023 · -€383,278-€214,844
Equity
€3.3m
2023 · €3.9m-€598,122
Cash
€33,552
2023 · €2.5m-€2.4m
Balance sheet total
€19.8m
2023 · €22.5m-€2.7m
Largest movements
Assets
- Cash -€2.4m
down €2.4m (-98.6%), from €2.5m to €33,552
mainly Short-term financial debts (-€3.9m) and Receivables within one year (-€1.3m)
- Stocks and contracts -€1.3m
down €1.3m (-18.1%), from €7.4m to €6.1m
- Receivables within one year +€1.3m
up €1.3m (+43.3%), from €2.9m to €4.2m
of which Other amounts receivable: +€788,515
- Tangible fixed assets -€508,745
down €508,745 (-5.6%), from €9.1m to €8.6m
of which Leasing and similar rights: -€357,438
- Deferred charges and accrued income +€333,799
up €333,799 (+60.9%), from €547,915 to €881,714
Equity and liabilities
- Short-term financial debts -€3.9m
down €3.9m (-39.5%), from €9.8m to €5.9m
- Trade debts +€2.2m
up €2.2m (+172%), from €1.3m to €3.5m
- Debts after one year -€1.0m
down €1.0m (-16.4%), from €6.2m to €5.2m
- Other debts +€631,268
up €631,268 (+462,806%), from €136 to €631,404
- Profit (loss) carried forward -€598,122
down €598,122 (-20.9%), from €2.9m to €2.3m
Income statement
- Turnover +€1.9m
up €1.9m (+6.4%), from €29.8m to €31.7m
- Goods and materials +€1.1m
up €1.1m (+4.3%), from €26.2m to €27.3m
of which Change in stocks: decrease (increase): +€8.0m
- Other operating income -€986,063
down €986,063 (-50.8%), from €1.9m to €954,123
- Services and other goods -€432,771
down €432,771 (-12.0%), from €3.6m to €3.2m
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2023
-€383,278
Turnover
+€1.9m
Other operating income
-€986,063
Goods and materials
-€1.1m
Services and other goods
+€432,771
Staff costs
-€204,831
Depreciation
-€98,073
Provisions
-€175,000
Other operating charges
+€440
Other operating items
-€36,569
Financial income
-€84,647
Financial charges
+€144,123
Taxes
+€308
Result 2024
-€598,122
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.1m
Investment
-€582,908
Financing
-€5.0m
Cash 2023
€2.5m
From operations (derived)
+€3.1m
Net result for the year
-€598,122
Depreciation
+€1.1m
Stocks and contracts
+€1.3m
Receivables within one year
-€1.3m
Deferred charges and accrued income
-€333,799
Trade debts
+€2.2m
Tax, wage and social debts
+€61,769
Other debts
+€631,268
Accrued charges and deferred income
-€22,645
Investment (derived)
-€582,908
Investment in fixed assets (net)
-€582,908
Financing
-€5.0m
Debts after one year
-€1.0m
Current portion of long-term debt
-€100,543
Short-term financial debts
-€3.9m
Cash 2024
€33,552
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,463,026 | €19,766,096 | -€2.7m | -12.0% |
| Fixed assets | 21/28 | €9,108,947 | €8,602,095 | -€506,851 | -5.6% |
| Tangible fixed assets | 22/27 | €9,092,228 | €8,583,483 | -€508,745 | -5.6% |
| Land and buildings | 22 | €5,410,921 | €5,127,605 | -€283,316 | -5.2% |
| Plant, machinery and equipment | 23 | €909,821 | €1,060,080 | +€150,259 | +16.5% |
| Furniture and vehicles | 24 | €132,286 | €114,035 | -€18,250 | -13.8% |
| Leasing and similar rights | 25 | €2,639,201 | €2,281,763 | -€357,438 | -13.5% |
| Financial fixed assets | 28 | €16,718 | €18,612 | +€1,894 | +11.3% |
| Affiliated companies | 280/1 | €3,000 | €3,000 | = | 0.0% |
| Participating interests | 280 | €3,000 | €3,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €13,718 | €15,612 | +€1,894 | +13.8% |
| Amounts receivable and cash guarantees | 285/8 | €13,718 | €15,612 | +€1,894 | +13.8% |
| Current assets | 29/58 | €13,354,080 | €11,164,001 | -€2.2m | -16.4% |
| Stocks and contracts in progress | 3 | €7,415,068 | €6,071,963 | -€1.3m | -18.1% |
| Stocks | 30/36 | €7,415,068 | €6,071,963 | -€1.3m | -18.1% |
| Raw materials and consumables | 30/31 | €7,415,068 | €6,071,963 | -€1.3m | -18.1% |
| Amounts receivable within one year | 40/41 | €2,915,470 | €4,176,771 | +€1.3m | +43.3% |
| Trade receivables | 40 | €2,483,353 | €2,956,140 | +€472,787 | +19.0% |
| Other amounts receivable | 41 | €432,117 | €1,220,632 | +€788,515 | +182% |
| Cash at bank and in hand | 54/58 | €2,475,627 | €33,552 | -€2.4m | -98.6% |
| Deferred charges and accrued income | 490/1 | €547,915 | €881,714 | +€333,799 | +60.9% |
| Total equity and liabilities | 10/49 | €22,463,026 | €19,766,096 | -€2.7m | -12.0% |
| Equity | 10/15 | €3,869,796 | €3,271,673 | -€598,122 | -15.5% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,859,796 | €2,261,673 | -€598,122 | -20.9% |
| Amounts payable | 17/49 | €18,593,231 | €16,494,423 | -€2.1m | -11.3% |
| Amounts payable after more than one year | 17 | €6,224,089 | €5,200,271 | -€1.0m | -16.4% |
| Financial debts | 170/4 | €6,224,089 | €5,200,271 | -€1.0m | -16.4% |
| Leasing and similar obligations | 172 | €2,115,680 | €1,594,848 | -€520,831 | -24.6% |
| Credit institutions | 173 | €4,108,410 | €3,605,423 | -€502,987 | -12.2% |
| Amounts payable within one year | 42/48 | €12,346,497 | €11,294,152 | -€1.1m | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €1,224,730 | €1,124,187 | -€100,543 | -8.2% |
| Financial debts | 43 | €9,764,896 | €5,910,968 | -€3.9m | -39.5% |
| Credit institutions | 430/8 | €9,764,896 | €5,910,968 | -€3.9m | -39.5% |
| Trade debts | 44 | €1,282,482 | €3,491,570 | +€2.2m | +172% |
| Suppliers | 440/4 | €1,282,482 | €3,491,570 | +€2.2m | +172% |
| Taxes, remuneration and social security | 45 | €74,253 | €136,022 | +€61,769 | +83.2% |
| Taxes | 450/3 | €9,689 | €19,669 | +€9,979 | +103% |
| Remuneration and social security | 454/9 | €64,563 | €116,353 | +€51,790 | +80.2% |
| Other amounts payable | 47/48 | €136 | €631,404 | +€631,268 | +462,806% |
| Accrued charges and deferred income | 492/3 | €22,645 | - | -€22,645 | |
| Operating income | 70/76A | €31,799,222 | €32,695,655 | +€896,433 | +2.8% |
| Turnover | 70 | €29,756,829 | €31,665,669 | +€1.9m | +6.4% |
| Other operating income | 74 | €1,940,186 | €954,123 | -€986,063 | -50.8% |
| Non-recurring operating income | 76A | €102,208 | €75,863 | -€26,345 | -25.8% |
| Operating charges | 60/66A | €31,364,817 | €32,535,877 | +€1.2m | +3.7% |
| Goods for resale, raw materials and consumables | 60 | €26,203,462 | €27,319,607 | +€1.1m | +4.3% |
| Purchases | 600/8 | €32,865,152 | €25,976,502 | -€6.9m | -21.0% |
| Change in stocks: decrease (increase) | 609 | -€6,661,689 | €1,343,105 | +€8.0m | |
| Services and other goods | 61 | €3,600,082 | €3,167,311 | -€432,771 | -12.0% |
| Remuneration, social security and pensions | 62 | €724,450 | €929,280 | +€204,831 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €991,686 | €1,089,760 | +€98,073 | +9.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€175,000 | - | +€175,000 | |
| Other operating charges | 640/8 | €15,076 | €14,635 | -€440 | -2.9% |
| Non-recurring operating charges | 66A | €5,060 | €15,284 | +€10,224 | +202% |
| Operating profit (loss) | 9901 | €434,406 | €159,778 | -€274,628 | -63.2% |
| Financial income | 75/76B | €99,184 | €14,537 | -€84,647 | -85.3% |
| Recurring financial income | 75 | €99,184 | €14,537 | -€84,647 | -85.3% |
| Other financial income | 752/9 | €99,184 | €14,537 | -€84,647 | -85.3% |
| Financial charges | 65/66B | €916,018 | €771,895 | -€144,123 | -15.7% |
| Recurring financial charges | 65 | €916,018 | €771,895 | -€144,123 | -15.7% |
| Debt charges | 650 | €444,248 | €722,023 | +€277,775 | +62.5% |
| Other financial charges | 652/9 | €471,770 | €49,873 | -€421,898 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | -€382,429 | -€597,581 | -€215,152 | -56.3% |
| Income taxes | 67/77 | €849 | €541 | -€308 | -36.3% |
| Taxes | 670/3 | €849 | €541 | -€308 | -36.3% |
| Profit (loss) for the period | 9904 | -€383,278 | -€598,122 | -€214,844 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€383,278 | -€598,122 | -€214,844 | -56.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.