G.A.HOLDING: 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
G.A.HOLDING
NACE 64.210, Activities of holding companies
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€1.1m
2023 · -€3.9m+€4.9m
Equity
€3.0m
2023 · €1.9m+€1.1m
Cash
€2,761
2023 · €3,171-€411
Balance sheet total
€9.1m
2023 · €8.3m+€810,371
Largest movements
Assets
- Receivables within one year +€812,755
up €812,755 (+1,594%), from €50,995 to €863,750
Equity and liabilities
- Debts after one year -€1.5m
down €1.5m (-26.4%), from €5.7m to €4.2m
of which Other amounts payable: -€5.0m
- Trade debts +€1.3m
up €1.3m (+1,008%), from €130,418 to €1.4m
- Profit (loss) carried forward +€1.1m
up €1.1m (+8.8%), from -€12.2m to -€11.1m
Income statement
- Depreciation -€1.9m
no longer reported in 2024 (was €1.9m)
- Gross operating margin +€276,606
up €276,606 (+31.9%), from €867,791 to €1.1m
- Financial income -€32,462
down €32,462 (-97.5%), from €33,302 to €840
of which Non-recurring financial income: -€32,891
- Other operating charges +€30,284
up €30,284 (+213%), from €14,240 to €44,524
- Financial charges -€24,793
down €24,793 (-90.4%), from €27,429 to €2,636
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
-€3.9m
Gross operating margin
+€276,606
Depreciation
+€1.9m
Other operating charges
-€30,284
Other operating items
+€2.8m
Financial income
-€32,462
Financial charges
+€24,793
Taxes
+€5,277
Deferred taxes and other
+€14,537
Result 2024
€1.1m
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
+€1.5m
Investment
€0
Financing
-€1.5m
Cash 2023
€3,171
From operations (derived)
+€1.5m
Net result for the year
+€1.1m
Receivables within one year
-€812,755
Deferred charges and accrued income
+€1,973
Trade debts
+€1.3m
Tax, wage and social debts
-€75,911
Financing
-€1.5m
Debts after one year
-€1.5m
Current portion of long-term debt
-€11,519
Cash 2024
€2,761
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,283,769 | €9,094,140 | +€810,371 | +9.8% |
| Fixed assets | 21/28 | €8,227,621 | €8,227,621 | = | 0.0% |
| Intangible fixed assets | 21 | €8,226,974 | €8,226,974 | = | 0.0% |
| Financial fixed assets | 28 | €647 | €647 | = | 0.0% |
| Current assets | 29/58 | €56,148 | €866,520 | +€810,371 | +1,443% |
| Amounts receivable within one year | 40/41 | €50,995 | €863,750 | +€812,755 | +1,594% |
| Trade receivables | 40 | €50,995 | €863,750 | +€812,755 | +1,594% |
| Current investments | 50/53 | €9 | €9 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,171 | €2,761 | -€411 | -13.0% |
| Deferred charges and accrued income | 490/1 | €1,973 | - | -€1,973 | |
| Total equity and liabilities | 10/49 | €8,283,769 | €9,094,140 | +€810,371 | +9.8% |
| Equity | 10/15 | €1,947,104 | €3,020,383 | +€1.1m | +55.1% |
| Contributions | 10/11 | €310,000 | €310,000 | = | 0.0% |
| Capital | 10 | €310,000 | €310,000 | = | 0.0% |
| Issued capital | 100 | €310,000 | €310,000 | = | 0.0% |
| Reserves | 13 | €13,826,595 | €13,826,595 | = | 0.0% |
| Non-distributable reserves | 130/1 | €111,180 | €111,180 | = | 0.0% |
| Legal reserve | 130 | €111,180 | €111,180 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,375,656 | €8,375,656 | = | 0.0% |
| Distributable reserves | 133 | €5,339,758 | €5,339,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,189,491 | -€11,116,212 | +€1.1m | +8.8% |
| Provisions and deferred taxes | 16 | €348,166 | €348,166 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €180,000 | €180,000 | = | 0.0% |
| Environmental obligations | 163 | €180,000 | €180,000 | = | 0.0% |
| Deferred taxes | 168 | €168,166 | €168,166 | = | 0.0% |
| Amounts payable | 17/49 | €5,988,499 | €5,725,591 | -€262,908 | -4.4% |
| Amounts payable after more than one year | 17 | €5,651,495 | €4,162,030 | -€1.5m | -26.4% |
| Financial debts | 170/4 | €62,020 | €3,618,759 | +€3.6m | +5,735% |
| Other amounts payable | 178/9 | €5,589,475 | €543,271 | -€5.0m | -90.3% |
| Amounts payable within one year | 42/48 | €313,947 | €1,540,504 | +€1.2m | +391% |
| Current portion of amounts payable after more than one year | 42 | €17,649 | €6,130 | -€11,519 | -65.3% |
| Trade debts | 44 | €130,418 | €1,444,405 | +€1.3m | +1,008% |
| Suppliers | 440/4 | €130,418 | €1,444,405 | +€1.3m | +1,008% |
| Taxes, remuneration and social security | 45 | €110,386 | €34,475 | -€75,911 | -68.8% |
| Taxes | 450/3 | €110,386 | €34,475 | -€75,911 | -68.8% |
| Other amounts payable | 47/48 | €55,494 | €55,494 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €23,057 | €23,057 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,867,596 | - | -€1.9m | |
| Other operating charges | 640/8 | €14,240 | €44,524 | +€30,284 | +213% |
| Non-recurring operating charges | 66A | €2,832,475 | €23,205 | -€2.8m | -99.2% |
| Gross operating margin | 9900 | €867,791 | €1,144,397 | +€276,606 | +31.9% |
| Operating profit (loss) | 9901 | -€3,846,520 | €1,076,668 | +€4.9m | |
| Financial income | 75/76B | €33,302 | €840 | -€32,462 | -97.5% |
| Recurring financial income | 75 | €412 | €840 | +€428 | +104% |
| Non-recurring financial income | 76B | €32,891 | - | -€32,891 | |
| Financial charges | 65/66B | €27,429 | €2,636 | -€24,793 | -90.4% |
| Recurring financial charges | 65 | €27,429 | €2,636 | -€24,793 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,840,647 | €1,074,872 | +€4.9m | |
| Transfer from deferred taxes | 780 | €153,629 | - | -€153,629 | |
| Transfer to deferred taxes | 680 | €168,166 | - | -€168,166 | |
| Income taxes | 67/77 | €6,870 | €1,593 | -€5,277 | -76.8% |
| Profit (loss) for the period | 9904 | -€3,862,054 | €1,073,279 | +€4.9m | |
| Transfer from tax-exempt reserves | 789 | €637,997 | - | -€637,997 | |
| Transfer to tax-exempt reserves | 689 | €504,498 | - | -€504,498 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,728,554 | €1,073,279 | +€4.8m |
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 19 October 2026 via checked.be.