GGX: what changed
GGX
Largest movements
- Tangible fixed assets -€30,351
no longer reported in 2025 (was €30,351)
- Stocks and contracts -€8,633
no longer reported in 2025 (was €8,633)
- Financial fixed assets -€6,975
no longer reported in 2025 (was €6,975)
- Cash -€4,983
no longer reported in 2025 (was €4,983)
mainly Trade debts (-€44,347) and Tax, wage and social debts (-€20,302)
- Receivables within one year -€1,801
down €1,801 (-43.5%), from €4,136 to €2,335
of which Other amounts receivable: -€3,583
- Trade debts -€44,347
down €44,347 (-86.6%), from €51,230 to €6,883
- Tax, wage and social debts -€20,302
down €20,302 (-88.9%), from €22,838 to €2,536
of which Remuneration and social security: -€18,841
- Other debts +€15,194
up €15,194 (+75.2%), from €20,212 to €35,406
- Accrued charges and deferred income -€7,000
no longer reported in 2025 (was €7,000)
- Profit (loss) carried forward +€2,011
up €2,011 (+2.1%), from -€97,001 to -€94,990
- Staff costs -€182,405
down €182,405 (-79.2%), from €230,265 to €47,860
- Gross operating margin -€89,555
down €89,555 (-59.3%), from €151,052 to €61,497
- Depreciation -€11,707
no longer reported in 2025 (was €11,707)
- Financial charges -€2,242
down €2,242 (-71.0%), from €3,159 to €917
- Other operating charges -€2,105
down €2,105 (-72.0%), from €2,922 to €817
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,779 | €2,335 | -€54,444 | -95.9% |
| Fixed assets | 21/28 | €38,216 | - | -€38,216 | |
| Intangible fixed assets | 21 | €890 | - | -€890 | |
| Tangible fixed assets | 22/27 | €30,351 | - | -€30,351 | |
| Plant, machinery and equipment | 23 | €30,351 | - | -€30,351 | |
| Financial fixed assets | 28 | €6,975 | - | -€6,975 | |
| Current assets | 29/58 | €18,563 | €2,335 | -€16,228 | -87.4% |
| Stocks and contracts in progress | 3 | €8,633 | - | -€8,633 | |
| Stocks | 30/36 | €8,633 | - | -€8,633 | |
| Amounts receivable within one year | 40/41 | €4,136 | €2,335 | -€1,801 | -43.5% |
| Trade receivables | 40 | €526 | €2,308 | +€1,782 | +339% |
| Other amounts receivable | 41 | €3,610 | €27 | -€3,583 | -99.3% |
| Cash at bank and in hand | 54/58 | €4,983 | - | -€4,983 | |
| Deferred charges and accrued income | 490/1 | €811 | - | -€811 | |
| Total equity and liabilities | 10/49 | €56,779 | €2,335 | -€54,444 | -95.9% |
| Equity | 10/15 | -€44,501 | -€42,490 | +€2,011 | +4.5% |
| Contributions | 10/11 | €52,500 | €52,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,001 | -€94,990 | +€2,011 | +2.1% |
| Amounts payable | 17/49 | €101,280 | €44,825 | -€56,455 | -55.7% |
| Amounts payable within one year | 42/48 | €94,280 | €44,825 | -€49,455 | -52.5% |
| Trade debts | 44 | €51,230 | €6,883 | -€44,347 | -86.6% |
| Suppliers | 440/4 | €51,230 | €6,883 | -€44,347 | -86.6% |
| Taxes, remuneration and social security | 45 | €22,838 | €2,536 | -€20,302 | -88.9% |
| Taxes | 450/3 | €3,997 | €2,536 | -€1,461 | -36.6% |
| Remuneration and social security | 454/9 | €18,841 | - | -€18,841 | |
| Other amounts payable | 47/48 | €20,212 | €35,406 | +€15,194 | +75.2% |
| Accrued charges and deferred income | 492/3 | €7,000 | - | -€7,000 | |
| Remuneration, social security and pensions | 62 | €230,265 | €47,860 | -€182,405 | -79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,707 | - | -€11,707 | |
| Other operating charges | 640/8 | €2,922 | €817 | -€2,105 | -72.0% |
| Non-recurring operating charges | 66A | - | €11,242 | +€11,242 | |
| Gross operating margin | 9900 | €151,052 | €61,497 | -€89,555 | -59.3% |
| Operating profit (loss) | 9901 | -€93,842 | €1,578 | +€95,420 | |
| Financial income | 75/76B | - | €1,350 | +€1,350 | |
| Recurring financial income | 75 | - | €1,350 | +€1,350 | |
| Financial charges | 65/66B | €3,159 | €917 | -€2,242 | -71.0% |
| Recurring financial charges | 65 | €3,159 | €917 | -€2,242 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | -€97,001 | €2,011 | +€99,012 | |
| Profit (loss) for the period | 9904 | -€97,001 | €2,011 | +€99,012 | |
| Profit (loss) for the period to be appropriated | 9905 | -€97,001 | €2,011 | +€99,012 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.