G.B.A.: 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.B.A.
Largest movements
- Receivables within one year -€23,496
down €23,496 (-38.0%), from €61,893 to €38,396
of which Other amounts receivable: -€23,097
- Trade debts -€31,521
down €31,521 (-37.0%), from €85,086 to €53,565
- Short-term financial debts +€25,252
up €25,252 (+167%), from €15,147 to €40,399
of which Other loans: +€20,500
- Profit (loss) carried forward -€11,719
down €11,719 (-2.6%), from -€459,448 to -€471,167
- Purchases and services -€47,112
down €47,112 (-30.2%), from €156,159 to €109,047
- Gross operating margin +€25,141
up €25,141 (+108%), from €23,203 to €48,345
- Turnover -€21,971
down €21,971 (-12.2%), from €179,363 to €157,392
- Financial charges +€4,026
up €4,026 (+29.2%), from €13,809 to €17,834
- Depreciation +€3,388
up €3,388 (+26.6%), from €12,717 to €16,106
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 | €1,098,416 | €1,078,169 | -€20,247 | -1.8% |
| Fixed assets | 21/28 | €1,005,617 | €1,006,453 | +€836 | +0.1% |
| Tangible fixed assets | 22/27 | €972,987 | €973,823 | +€836 | +0.1% |
| Land and buildings | 22 | €953,786 | €943,953 | -€9,834 | -1.0% |
| Plant, machinery and equipment | 23 | €19,201 | €16,317 | -€2,884 | -15.0% |
| Furniture and vehicles | 24 | - | €13,554 | +€13,554 | |
| Financial fixed assets | 28 | €32,630 | €32,630 | = | 0.0% |
| Current assets | 29/58 | €92,799 | €71,716 | -€21,083 | -22.7% |
| Stocks and contracts in progress | 3 | €30,906 | €30,146 | -€760 | -2.5% |
| Stocks | 30/36 | €30,906 | €30,146 | -€760 | -2.5% |
| Amounts receivable within one year | 40/41 | €61,893 | €38,396 | -€23,496 | -38.0% |
| Trade receivables | 40 | €38,277 | €37,877 | -€400 | -1.0% |
| Other amounts receivable | 41 | €23,616 | €519 | -€23,097 | -97.8% |
| Cash at bank and in hand | 54/58 | - | €3,173 | +€3,173 | |
| Total equity and liabilities | 10/49 | €1,098,416 | €1,078,169 | -€20,247 | -1.8% |
| Equity | 10/15 | €737,868 | €726,149 | -€11,719 | -1.6% |
| Contributions | 10/11 | €284,209 | €284,209 | = | 0.0% |
| Capital | 10 | €284,209 | €284,209 | = | 0.0% |
| Issued capital | 100 | €284,209 | €284,209 | = | 0.0% |
| Revaluation surpluses | 12 | €910,008 | €910,008 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€459,448 | -€471,167 | -€11,719 | -2.6% |
| Amounts payable | 17/49 | €360,548 | €352,020 | -€8,528 | -2.4% |
| Amounts payable within one year | 42/48 | €360,548 | €352,020 | -€8,528 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €259,943 | €256,962 | -€2,981 | -1.1% |
| Financial debts | 43 | €15,147 | €40,399 | +€25,252 | +167% |
| Credit institutions | 430/8 | €15,147 | €19,899 | +€4,752 | +31.4% |
| Other loans | 439 | - | €20,500 | +€20,500 | |
| Trade debts | 44 | €85,086 | €53,565 | -€31,521 | -37.0% |
| Suppliers | 440/4 | €85,086 | €53,565 | -€31,521 | -37.0% |
| Taxes, remuneration and social security | 45 | €371 | €436 | +€65 | +17.4% |
| Taxes | 450/3 | €171 | - | -€171 | |
| Remuneration and social security | 454/9 | €201 | €436 | +€236 | +117% |
| Other amounts payable | 47/48 | - | €659 | +€659 | |
| Turnover | 70 | €179,363 | €157,392 | -€21,971 | -12.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €156,159 | €109,047 | -€47,112 | -30.2% |
| Remuneration, social security and pensions | 62 | €12,347 | €13,936 | +€1,588 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,717 | €16,106 | +€3,388 | +26.6% |
| Other operating charges | 640/8 | €9,966 | €12,420 | +€2,454 | +24.6% |
| Gross operating margin | 9900 | €23,203 | €48,345 | +€25,141 | +108% |
| Operating profit (loss) | 9901 | -€11,827 | €5,884 | +€17,711 | |
| Financial income | 75/76B | €464 | €231 | -€233 | -50.2% |
| Recurring financial income | 75 | €464 | €231 | -€233 | -50.2% |
| Financial charges | 65/66B | €13,809 | €17,834 | +€4,026 | +29.2% |
| Recurring financial charges | 65 | €13,809 | €17,834 | +€4,026 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | -€25,171 | -€11,719 | +€13,452 | +53.4% |
| Profit (loss) for the period | 9904 | -€25,171 | -€11,719 | +€13,452 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,171 | -€11,719 | +€13,452 | +53.4% |
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 18 October 2026 via checked.be.