G.A.S.C.: 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.S.C.
Largest movements
- Receivables within one year +€47,048
up €47,048 (+51.8%), from €90,752 to €137,800
of which Other amounts receivable: +€70,000
- Cash -€25,706
down €25,706 (-41.9%), from €61,312 to €35,607
mainly Trade debts (-€65,042) and Receivables within one year (-€47,048)
- Tangible fixed assets -€13,587
down €13,587 (-31.7%), from €42,905 to €29,318
of which Furniture and vehicles: -€10,222
- Trade debts -€65,042
down €65,042 (-55.6%), from €116,928 to €51,887
- Other debts +€23,323
up €23,323 (+349%), from €6,677 to €30,000
- Profit (loss) carried forward +€17,237
no longer reported in 2024 (was -€17,237)
- Reserves +€13,212
up €13,212 (+710%), from €1,860 to €15,072
of which Distributable reserves: +€13,212
- Tax, wage and social debts +€10,862
up €10,862 (+8.4%), from €128,819 to €139,681
of which Remuneration and social security: +€8,941
- Staff costs -€34,232
down €34,232 (-10.3%), from €332,302 to €298,071
- Gross operating margin +€29,782
up €29,782 (+7.8%), from €382,834 to €412,617
- Taxes +€14,664
up €14,664 (+828%), from €1,772 to €16,436
- Financial charges -€9,345
down €9,345 (-57.2%), from €16,327 to €6,982
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 | €245,948 | €252,208 | +€6,261 | +2.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €62,905 | €49,318 | -€13,587 | -21.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €42,905 | €29,318 | -€13,587 | -31.7% |
| Plant, machinery and equipment | 23 | €3,987 | €2,900 | -€1,087 | -27.3% |
| Furniture and vehicles | 24 | €31,241 | €21,020 | -€10,222 | -32.7% |
| Other tangible fixed assets | 26 | €7,676 | €5,398 | -€2,279 | -29.7% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €183,043 | €202,891 | +€19,848 | +10.8% |
| Stocks and contracts in progress | 3 | €29,970 | €28,930 | -€1,040 | -3.5% |
| Stocks | 30/36 | €29,970 | €28,930 | -€1,040 | -3.5% |
| Amounts receivable within one year | 40/41 | €90,752 | €137,800 | +€47,048 | +51.8% |
| Trade receivables | 40 | €30,223 | €7,271 | -€22,952 | -75.9% |
| Other amounts receivable | 41 | €60,529 | €130,529 | +€70,000 | +116% |
| Cash at bank and in hand | 54/58 | €61,312 | €35,607 | -€25,706 | -41.9% |
| Deferred charges and accrued income | 490/1 | €1,009 | €554 | -€455 | -45.1% |
| Total equity and liabilities | 10/49 | €245,948 | €252,208 | +€6,261 | +2.5% |
| Equity | 10/15 | -€8,977 | €21,472 | +€30,449 | |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Capital | 10 | €6,400 | €6,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €15,072 | +€13,212 | +710% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €13,212 | +€13,212 | |
| Profit (loss) carried forward | 14 | -€17,237 | - | +€17,237 | |
| Amounts payable | 17/49 | €254,925 | €230,736 | -€24,189 | -9.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €254,925 | €230,736 | -€24,189 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €2,500 | €9,169 | +€6,669 | +267% |
| Trade debts | 44 | €116,928 | €51,887 | -€65,042 | -55.6% |
| Suppliers | 440/4 | €116,928 | €51,887 | -€65,042 | -55.6% |
| Taxes, remuneration and social security | 45 | €128,819 | €139,681 | +€10,862 | +8.4% |
| Taxes | 450/3 | €70,316 | €72,237 | +€1,921 | +2.7% |
| Remuneration and social security | 454/9 | €58,503 | €67,444 | +€8,941 | +15.3% |
| Other amounts payable | 47/48 | €6,677 | €30,000 | +€23,323 | +349% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €332,302 | €298,071 | -€34,232 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,874 | €14,916 | +€42 | +0.3% |
| Other operating charges | 640/8 | €887 | €1,064 | +€176 | +19.9% |
| Non-recurring operating charges | 66A | €4,004 | €5,752 | +€1,748 | +43.6% |
| Gross operating margin | 9900 | €382,834 | €412,617 | +€29,782 | +7.8% |
| Operating profit (loss) | 9901 | €30,766 | €92,815 | +€62,048 | +202% |
| Financial income | 75/76B | €228 | €53 | -€175 | -76.8% |
| Recurring financial income | 75 | €228 | €53 | -€175 | -76.8% |
| Financial charges | 65/66B | €16,327 | €6,982 | -€9,345 | -57.2% |
| Recurring financial charges | 65 | €16,327 | €6,982 | -€9,345 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €14,667 | €85,886 | +€71,218 | +486% |
| Income taxes | 67/77 | €1,772 | €16,436 | +€14,664 | +828% |
| Profit (loss) for the period | 9904 | €12,895 | €69,449 | +€56,554 | +439% |
| Profit (loss) for the period to be appropriated | 9905 | €12,895 | €69,449 | +€56,554 | +439% |
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 27 October 2026 via checked.be.