GGS: 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.
GGS
Largest movements
- Receivables within one year +€720
up €720 (+11.9%), from €6,062 to €6,781
of which Other amounts receivable: +€964
- Tangible fixed assets -€360
down €360 (-33.3%), from €1,080 to €720
- Cash -€337
down €337 (-9.8%), from €3,428 to €3,091
mainly Other debts (-€2,323) and Trade debts (-€1,264)
- Profit (loss) carried forward +€2,752
up €2,752 (+3.2%), from -€85,483 to -€82,731
- Other debts -€2,323
down €2,323 (-5.3%), from €43,831 to €41,508
- Debts after one year +€2,038
new in 2025: €2,038
- Trade debts -€1,264
down €1,264 (-5.9%), from €21,320 to €20,056
- Tax, wage and social debts -€1,138
down €1,138 (-11.2%), from €10,178 to €9,040
of which Remuneration and social security: -€3,185
- Gross operating margin -€2,071
down €2,071 (-24.8%), from €8,351 to €6,280
- Depreciation -€719
down €719 (-66.6%), from €1,079 to €360
- Financial charges +€711
up €711 (+83.6%), from €851 to €1,562
From the 2024 result to the 2025 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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,845 | €19,911 | +€66 | +0.3% |
| Fixed assets | 21/28 | €6,330 | €5,970 | -€360 | -5.7% |
| Tangible fixed assets | 22/27 | €1,080 | €720 | -€360 | -33.3% |
| Plant, machinery and equipment | 23 | €1,080 | €720 | -€360 | -33.3% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €13,515 | €13,941 | +€426 | +3.1% |
| Stocks and contracts in progress | 3 | €3,625 | €3,620 | -€5 | -0.1% |
| Stocks | 30/36 | €3,625 | €3,620 | -€5 | -0.1% |
| Amounts receivable within one year | 40/41 | €6,062 | €6,781 | +€720 | +11.9% |
| Trade receivables | 40 | €244 | - | -€244 | |
| Other amounts receivable | 41 | €5,818 | €6,781 | +€964 | +16.6% |
| Cash at bank and in hand | 54/58 | €3,428 | €3,091 | -€337 | -9.8% |
| Deferred charges and accrued income | 490/1 | €400 | €448 | +€48 | +11.9% |
| Total equity and liabilities | 10/49 | €19,845 | €19,911 | +€66 | +0.3% |
| Equity | 10/15 | -€55,483 | -€52,731 | +€2,752 | +5.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,483 | -€82,731 | +€2,752 | +3.2% |
| Amounts payable | 17/49 | €75,328 | €72,642 | -€2,686 | -3.6% |
| Amounts payable after more than one year | 17 | - | €2,038 | +€2,038 | |
| Other amounts payable | 178/9 | - | €2,038 | +€2,038 | |
| Amounts payable within one year | 42/48 | €75,328 | €70,604 | -€4,724 | -6.3% |
| Trade debts | 44 | €21,320 | €20,056 | -€1,264 | -5.9% |
| Suppliers | 440/4 | €21,320 | €20,056 | -€1,264 | -5.9% |
| Taxes, remuneration and social security | 45 | €10,178 | €9,040 | -€1,138 | -11.2% |
| Taxes | 450/3 | €6,993 | €9,040 | +€2,047 | +29.3% |
| Remuneration and social security | 454/9 | €3,185 | - | -€3,185 | |
| Other amounts payable | 47/48 | €43,831 | €41,508 | -€2,323 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,079 | €360 | -€719 | -66.6% |
| Other operating charges | 640/8 | €1,652 | €1,606 | -€46 | -2.8% |
| Gross operating margin | 9900 | €8,351 | €6,280 | -€2,071 | -24.8% |
| Operating profit (loss) | 9901 | €5,619 | €4,314 | -€1,305 | -23.2% |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €851 | €1,562 | +€711 | +83.6% |
| Recurring financial charges | 65 | €851 | €1,562 | +€711 | +83.6% |
| Profit (loss) for the period before taxes | 9903 | €4,790 | €2,752 | -€2,038 | -42.5% |
| Profit (loss) for the period | 9904 | €4,790 | €2,752 | -€2,038 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,790 | €2,752 | -€2,038 | -42.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.