GGX: 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.
GGX
Largest movements
- Cash +€39,622
up €39,622 (+63.1%), from €62,791 to €102,413
mainly Net result for the year (+€94,226) and Receivables within one year (+€21,932)
- Receivables within one year -€21,932
down €21,932 (-45.9%), from €47,733 to €25,800
of which Trade receivables: -€12,013
- Reserves +€80,820
up €80,820 (+33.6%), from €240,226 to €321,046
- Debts after one year -€59,609
down €59,609 (-31.2%), from €190,795 to €131,186
- Other debts -€22,561
down €22,561 (-32.6%), from €69,270 to €46,708
- Tax, wage and social debts +€13,423
up €13,423 (+130%), from €10,315 to €23,738
of which Taxes: +€16,148
- Advances received +€8,036
up €8,036 (+6,104%), from €132 to €8,168
- Gross operating margin +€27,493
up €27,493 (+40.4%), from €68,105 to €95,598
- Taxes +€9,762
up €9,762 (+46.1%), from €21,188 to €30,949
- Financial income +€3,956
up €3,956 (+9.5%), from €41,699 to €45,655
- Other operating charges +€3,568
up €3,568 (+250%), from €1,426 to €4,994
- Financial charges -€1,448
down €1,448 (-16.3%), from €8,867 to €7,419
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 | €565,889 | €586,082 | +€20,193 | +3.6% |
| Fixed assets | 21/28 | €452,690 | €452,662 | -€29 | 0.0% |
| Tangible fixed assets | 22/27 | €70,940 | €70,912 | -€29 | 0.0% |
| Land and buildings | 22 | €67,743 | €65,834 | -€1,910 | -2.8% |
| Furniture and vehicles | 24 | €3,197 | €5,078 | +€1,881 | +58.8% |
| Financial fixed assets | 28 | €381,750 | €381,750 | = | 0.0% |
| Current assets | 29/58 | €113,199 | €133,420 | +€20,221 | +17.9% |
| Amounts receivable within one year | 40/41 | €47,733 | €25,800 | -€21,932 | -45.9% |
| Trade receivables | 40 | €25,284 | €13,271 | -€12,013 | -47.5% |
| Other amounts receivable | 41 | €22,449 | €12,530 | -€9,919 | -44.2% |
| Cash at bank and in hand | 54/58 | €62,791 | €102,413 | +€39,622 | +63.1% |
| Deferred charges and accrued income | 490/1 | €2,675 | €5,206 | +€2,531 | +94.6% |
| Total equity and liabilities | 10/49 | €565,889 | €586,082 | +€20,193 | +3.6% |
| Equity | 10/15 | €246,426 | €327,246 | +€80,820 | +32.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €240,226 | €321,046 | +€80,820 | +33.6% |
| Distributable reserves | 133 | €240,226 | €321,046 | +€80,820 | +33.6% |
| Amounts payable | 17/49 | €319,463 | €258,836 | -€60,627 | -19.0% |
| Amounts payable after more than one year | 17 | €190,795 | €131,186 | -€59,609 | -31.2% |
| Financial debts | 170/4 | €190,795 | €131,186 | -€59,609 | -31.2% |
| Amounts payable within one year | 42/48 | €128,668 | €126,577 | -€2,090 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €46,358 | €46,660 | +€302 | +0.7% |
| Trade debts | 44 | €2,593 | €1,303 | -€1,290 | -49.7% |
| Suppliers | 440/4 | €2,593 | €1,303 | -€1,290 | -49.7% |
| Advances received on contracts in progress | 46 | €132 | €8,168 | +€8,036 | +6,104% |
| Taxes, remuneration and social security | 45 | €10,315 | €23,738 | +€13,423 | +130% |
| Taxes | 450/3 | €7,590 | €23,738 | +€16,148 | +213% |
| Remuneration and social security | 454/9 | €2,725 | - | -€2,725 | |
| Other amounts payable | 47/48 | €69,270 | €46,708 | -€22,561 | -32.6% |
| Accrued charges and deferred income | 492/3 | - | €1,072 | +€1,072 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,104 | €3,665 | -€439 | -10.7% |
| Other operating charges | 640/8 | €1,426 | €4,994 | +€3,568 | +250% |
| Gross operating margin | 9900 | €68,105 | €95,598 | +€27,493 | +40.4% |
| Operating profit (loss) | 9901 | €62,575 | €86,939 | +€24,364 | +38.9% |
| Financial income | 75/76B | €41,699 | €45,655 | +€3,956 | +9.5% |
| Recurring financial income | 75 | €41,699 | €45,655 | +€3,956 | +9.5% |
| Financial charges | 65/66B | €8,867 | €7,419 | -€1,448 | -16.3% |
| Recurring financial charges | 65 | €8,867 | €7,419 | -€1,448 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €95,408 | €125,175 | +€29,768 | +31.2% |
| Income taxes | 67/77 | €21,188 | €30,949 | +€9,762 | +46.1% |
| Profit (loss) for the period | 9904 | €74,220 | €94,226 | +€20,006 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,220 | €94,226 | +€20,006 | +27.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.