G A Management: 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.
G A Management
Largest movements
- Tangible fixed assets -€1.2m
down €1.2m (-36.0%), from €3.4m to €2.2m
of which Land and buildings: -€1.2m
- Cash +€201,838
up €201,838 (+2,036%), from €9,914 to €211,753
mainly Investment in fixed assets (net) (+€1.1m) and Net result for the year (+€179,699)
- Receivables within one year +€90,332
new in 2024: €90,332
of which Trade receivables: +€83,056
- Debts after one year -€719,181
down €719,181 (-68.5%), from €1.0m to €330,335
- Other debts -€251,045
down €251,045 (-39.0%), from €643,982 to €392,937
- Current portion of long-term debt -€151,919
down €151,919 (-70.8%), from €214,564 to €62,645
- Reserves +€89,153
up €89,153 (+11.5%), from €778,010 to €867,162
of which Tax-exempt reserves: +€89,153
- Profit (loss) carried forward +€75,546
up €75,546 (+36.7%), from €205,966 to €281,512
- Gross operating margin +€189,732
up €189,732 (+70.1%), from €270,616 to €460,347
- Depreciation -€65,277
down €65,277 (-34.3%), from €190,274 to €124,998
- Taxes +€15,829
up €15,829 (+303%), from €5,219 to €21,048
- Financial charges -€7,327
down €7,327 (-10.0%), from €73,493 to €66,166
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,384,866 | €2,461,247 | -€923,619 | -27.3% |
| Fixed assets | 21/28 | €3,374,952 | €2,159,149 | -€1.2m | -36.0% |
| Tangible fixed assets | 22/27 | €3,374,952 | €2,159,149 | -€1.2m | -36.0% |
| Land and buildings | 22 | €3,293,297 | €2,082,782 | -€1.2m | -36.8% |
| Furniture and vehicles | 24 | €44,335 | €64,066 | +€19,732 | +44.5% |
| Leasing and similar rights | 25 | €36,900 | €12,300 | -€24,600 | -66.7% |
| Other tangible fixed assets | 26 | €420 | - | -€420 | |
| Current assets | 29/58 | €9,914 | €302,098 | +€292,184 | +2,947% |
| Amounts receivable within one year | 40/41 | - | €90,332 | +€90,332 | |
| Trade receivables | 40 | - | €83,056 | +€83,056 | |
| Other amounts receivable | 41 | - | €7,276 | +€7,276 | |
| Cash at bank and in hand | 54/58 | €9,914 | €211,753 | +€201,838 | +2,036% |
| Deferred charges and accrued income | 490/1 | - | €14 | +€14 | |
| Total equity and liabilities | 10/49 | €3,384,866 | €2,461,247 | -€923,619 | -27.3% |
| Equity | 10/15 | €1,043,976 | €1,208,674 | +€164,699 | +15.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €778,010 | €867,162 | +€89,153 | +11.5% |
| Tax-exempt reserves | 132 | €772,010 | €861,162 | +€89,153 | +11.5% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,966 | €281,512 | +€75,546 | +36.7% |
| Provisions and deferred taxes | 16 | €257,337 | €287,054 | +€29,718 | +11.5% |
| Deferred taxes | 168 | €257,337 | €287,054 | +€29,718 | +11.5% |
| Amounts payable | 17/49 | €2,083,554 | €965,518 | -€1.1m | -53.7% |
| Amounts payable after more than one year | 17 | €1,049,515 | €330,335 | -€719,181 | -68.5% |
| Financial debts | 170/4 | €1,049,515 | €330,335 | -€719,181 | -68.5% |
| Amounts payable within one year | 42/48 | €980,574 | €537,930 | -€442,644 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | €214,564 | €62,645 | -€151,919 | -70.8% |
| Trade debts | 44 | €67,438 | €56,050 | -€11,388 | -16.9% |
| Suppliers | 440/4 | €67,438 | €56,050 | -€11,388 | -16.9% |
| Taxes, remuneration and social security | 45 | €54,590 | €26,298 | -€28,292 | -51.8% |
| Taxes | 450/3 | €54,590 | €26,298 | -€28,292 | -51.8% |
| Other amounts payable | 47/48 | €643,982 | €392,937 | -€251,045 | -39.0% |
| Accrued charges and deferred income | 492/3 | €53,464 | €97,254 | +€43,789 | +81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,274 | €124,998 | -€65,277 | -34.3% |
| Other operating charges | 640/8 | €41,072 | €38,719 | -€2,353 | -5.7% |
| Gross operating margin | 9900 | €270,616 | €460,347 | +€189,732 | +70.1% |
| Operating profit (loss) | 9901 | €39,270 | €296,631 | +€257,361 | +655% |
| Financial charges | 65/66B | €73,493 | €66,166 | -€7,327 | -10.0% |
| Recurring financial charges | 65 | €73,493 | €66,166 | -€7,327 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,224 | €230,465 | +€264,688 | |
| Transfer from deferred taxes | 780 | €13,878 | €13,878 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €43,596 | +€43,596 | |
| Income taxes | 67/77 | €5,219 | €21,048 | +€15,829 | +303% |
| Profit (loss) for the period | 9904 | -€25,565 | €179,699 | +€205,263 | |
| Transfer from tax-exempt reserves | 789 | €41,635 | €41,635 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €130,787 | +€130,787 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,070 | €90,546 | +€74,476 | +463% |
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.