G. AARON: 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. AARON
Largest movements
- Cash -€72,987
down €72,987 (-99.2%), from €73,607 to €620
mainly Short-term financial debts (-€78,987) and Investment in fixed assets (net) (-€27,348)
- Deferred charges and accrued income +€22,999
new in 2024: €22,999
- Tangible fixed assets -€20,075
down €20,075 (-20.7%), from €97,064 to €76,989
of which Furniture and vehicles: -€16,954
- Receivables within one year -€17,785
down €17,785 (-4.1%), from €434,310 to €416,525
of which Other amounts receivable: -€134,066
- Stocks and contracts +€11,001
up €11,001 (+128%), from €8,587 to €19,588
- Short-term financial debts -€78,987
no longer reported in 2024 (was €78,987)
- Reserves +€10,291
up €10,291 (+7.3%), from €140,077 to €150,368
- Debts after one year -€9,524
down €9,524 (-59.6%), from €15,968 to €6,443
- Current portion of long-term debt -€6,987
down €6,987 (-49.5%), from €14,105 to €7,118
- Other debts +€6,810
up €6,810 (+68.1%), from €10,000 to €16,810
- Gross operating margin -€14,876
down €14,876 (-7.7%), from €194,119 to €179,243
- Financial income -€4,694
down €4,694 (-57.2%), from €8,211 to €3,517
- Financial charges -€4,659
down €4,659 (-8.2%), from €57,009 to €52,350
- Staff costs +€3,729
up €3,729 (+11.2%), from €33,379 to €37,108
- Taxes -€2,181
down €2,181 (-9.9%), from €22,103 to €19,922
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 | €613,567 | €536,720 | -€76,847 | -12.5% |
| Fixed assets | 21/28 | €97,064 | €76,989 | -€20,075 | -20.7% |
| Tangible fixed assets | 22/27 | €97,064 | €76,989 | -€20,075 | -20.7% |
| Plant, machinery and equipment | 23 | €52,922 | €49,801 | -€3,121 | -5.9% |
| Furniture and vehicles | 24 | €44,142 | €27,188 | -€16,954 | -38.4% |
| Current assets | 29/58 | €516,503 | €459,731 | -€56,772 | -11.0% |
| Stocks and contracts in progress | 3 | €8,587 | €19,588 | +€11,001 | +128% |
| Stocks | 30/36 | €8,587 | €19,588 | +€11,001 | +128% |
| Amounts receivable within one year | 40/41 | €434,310 | €416,525 | -€17,785 | -4.1% |
| Trade receivables | 40 | €279,041 | €395,322 | +€116,281 | +41.7% |
| Other amounts receivable | 41 | €155,269 | €21,203 | -€134,066 | -86.3% |
| Cash at bank and in hand | 54/58 | €73,607 | €620 | -€72,987 | -99.2% |
| Deferred charges and accrued income | 490/1 | - | €22,999 | +€22,999 | |
| Total equity and liabilities | 10/49 | €613,567 | €536,720 | -€76,847 | -12.5% |
| Equity | 10/15 | €176,731 | €187,022 | +€10,291 | +5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €140,077 | €150,368 | +€10,291 | +7.3% |
| Distributable reserves | 133 | €140,077 | €150,368 | +€10,291 | +7.3% |
| Profit (loss) carried forward | 14 | €30,454 | €30,454 | = | 0.0% |
| Amounts payable | 17/49 | €436,836 | €349,698 | -€87,138 | -19.9% |
| Amounts payable after more than one year | 17 | €15,968 | €6,443 | -€9,524 | -59.6% |
| Financial debts | 170/4 | €15,968 | €6,443 | -€9,524 | -59.6% |
| Amounts payable within one year | 42/48 | €420,860 | €343,252 | -€77,607 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €14,105 | €7,118 | -€6,987 | -49.5% |
| Financial debts | 43 | €78,987 | - | -€78,987 | |
| Credit institutions | 430/8 | €78,987 | - | -€78,987 | |
| Trade debts | 44 | €256,850 | €263,632 | +€6,782 | +2.6% |
| Suppliers | 440/4 | €256,850 | €263,632 | +€6,782 | +2.6% |
| Taxes, remuneration and social security | 45 | €60,918 | €55,693 | -€5,225 | -8.6% |
| Taxes | 450/3 | €51,566 | €39,002 | -€12,564 | -24.4% |
| Remuneration and social security | 454/9 | €9,352 | €16,691 | +€7,339 | +78.5% |
| Other amounts payable | 47/48 | €10,000 | €16,810 | +€6,810 | +68.1% |
| Accrued charges and deferred income | 492/3 | €8 | €2 | -€6 | -72.8% |
| Non-recurring operating income | 76A | €1,550 | €4,890 | +€3,340 | +215% |
| Remuneration, social security and pensions | 62 | €33,379 | €37,108 | +€3,729 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,481 | €47,423 | -€1,058 | -2.2% |
| Other operating charges | 640/8 | €516 | €668 | +€152 | +29.5% |
| Gross operating margin | 9900 | €194,119 | €179,243 | -€14,876 | -7.7% |
| Operating profit (loss) | 9901 | €111,743 | €94,044 | -€17,699 | -15.8% |
| Financial income | 75/76B | €8,211 | €3,517 | -€4,694 | -57.2% |
| Recurring financial income | 75 | €8,211 | €3,517 | -€4,694 | -57.2% |
| Financial charges | 65/66B | €57,009 | €52,350 | -€4,659 | -8.2% |
| Recurring financial charges | 65 | €57,009 | €52,350 | -€4,659 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €62,946 | €45,212 | -€17,733 | -28.2% |
| Income taxes | 67/77 | €22,103 | €19,922 | -€2,181 | -9.9% |
| Profit (loss) for the period | 9904 | €40,843 | €25,291 | -€15,552 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,843 | €25,291 | -€15,552 | -38.1% |
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 15 October 2026 via checked.be.