G.B. - V.S.: what changed
What changed
G.B. - V.S.
filed annual accounts (NBB)
Net result for the year
-€69,838
2023 · -€47,205-€22,633
Equity
-€145,735
2023 · -€75,897-€69,838
Cash
€3
2023 · €702-€699
Balance sheet total
€96,496
2023 · €155,152-€58,656
Largest movements
Assets
- Receivables within one year -€47,009
down €47,009 (-47.8%), from €98,330 to €51,321
of which Trade receivables: -€44,177
- Intangible fixed assets -€12,504
down €12,504 (-24.2%), from €51,579 to €39,075
- Tangible fixed assets +€3,351
up €3,351 (+127%), from €2,629 to €5,980
of which Furniture and vehicles: +€3,687
- Deferred charges and accrued income -€1,795
down €1,795 (-93.9%), from €1,912 to €117
Equity and liabilities
- Profit (loss) carried forward -€69,838
down €69,838 (-46.8%), from -€149,157 to -€218,995
- Debts after one year -€23,780
down €23,780 (-62.9%), from €37,795 to €14,015
- Tax, wage and social debts +€19,466
up €19,466 (+34.4%), from €56,574 to €76,040
of which Taxes: +€11,413
- Accrued charges and deferred income +€14,371
up €14,371 (+7,305%), from €197 to €14,568
- Other debts +€12,679
up €12,679 (+14.6%), from €86,852 to €99,531
Income statement
- Gross operating margin -€23,305
down €23,305 (-34.1%), from €68,430 to €45,125
- Staff costs -€11,112
down €11,112 (-11.9%), from €93,576 to €82,464
- Financial charges +€5,047
up €5,047 (+78.2%), from €6,452 to €11,499
- Depreciation +€1,593
up €1,593 (+11.4%), from €14,021 to €15,614
- Other operating charges +€861
up €861 (+78.8%), from €1,092 to €1,953
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€47,205
Gross operating margin
-€23,305
Staff costs
+€11,112
Depreciation
-€1,593
Other operating charges
-€861
Other operating items
-€2,832
Financial income
+€28
Financial charges
-€5,047
Taxes
-€136
Result 2024
-€69,838
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€42,007
Investment
-€6,461
Financing
-€36,245
Cash 2023
€702
From operations (derived)
+€42,007
Net result for the year
-€69,838
Depreciation
+€15,614
Receivables within one year
+€47,009
Deferred charges and accrued income
+€1,795
Trade debts
+€911
Tax, wage and social debts
+€19,466
Other debts
+€12,679
Accrued charges and deferred income
+€14,371
Investment (derived)
-€6,461
Investment in fixed assets (net)
-€6,461
Financing
-€36,245
Debts after one year
-€23,780
Current portion of long-term debt
-€8,765
Short-term financial debts
-€3,700
Cash 2024
€3
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,152 | €96,496 | -€58,656 | -37.8% |
| Fixed assets | 21/28 | €54,208 | €45,055 | -€9,153 | -16.9% |
| Intangible fixed assets | 21 | €51,579 | €39,075 | -€12,504 | -24.2% |
| Tangible fixed assets | 22/27 | €2,629 | €5,980 | +€3,351 | +127% |
| Furniture and vehicles | 24 | €2,016 | €5,703 | +€3,687 | +183% |
| Other tangible fixed assets | 26 | €613 | €277 | -€336 | -54.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €100,944 | €51,441 | -€49,503 | -49.0% |
| Amounts receivable within one year | 40/41 | €98,330 | €51,321 | -€47,009 | -47.8% |
| Trade receivables | 40 | €95,498 | €51,321 | -€44,177 | -46.3% |
| Other amounts receivable | 41 | €2,832 | €0 | -€2,832 | -100% |
| Cash at bank and in hand | 54/58 | €702 | €3 | -€699 | -99.5% |
| Deferred charges and accrued income | 490/1 | €1,912 | €117 | -€1,795 | -93.9% |
| Total equity and liabilities | 10/49 | €155,152 | €96,496 | -€58,656 | -37.8% |
| Equity | 10/15 | -€75,897 | -€145,735 | -€69,838 | -92.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €11,260 | €11,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €5,060 | €5,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,157 | -€218,995 | -€69,838 | -46.8% |
| Amounts payable | 17/49 | €231,049 | €242,231 | +€11,182 | +4.8% |
| Amounts payable after more than one year | 17 | €37,795 | €14,015 | -€23,780 | -62.9% |
| Financial debts | 170/4 | €37,795 | €14,015 | -€23,780 | -62.9% |
| Amounts payable within one year | 42/48 | €193,058 | €213,648 | +€20,591 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €17,545 | €8,780 | -€8,765 | -50.0% |
| Financial debts | 43 | €20,593 | €16,892 | -€3,700 | -18.0% |
| Credit institutions | 430/8 | €20,593 | €16,892 | -€3,700 | -18.0% |
| Trade debts | 44 | €11,494 | €12,405 | +€911 | +7.9% |
| Suppliers | 440/4 | €11,494 | €12,405 | +€911 | +7.9% |
| Taxes, remuneration and social security | 45 | €56,574 | €76,040 | +€19,466 | +34.4% |
| Taxes | 450/3 | €38,219 | €49,632 | +€11,413 | +29.9% |
| Remuneration and social security | 454/9 | €18,355 | €26,408 | +€8,053 | +43.9% |
| Other amounts payable | 47/48 | €86,852 | €99,531 | +€12,679 | +14.6% |
| Accrued charges and deferred income | 492/3 | €197 | €14,568 | +€14,371 | +7,305% |
| Remuneration, social security and pensions | 62 | €93,576 | €82,464 | -€11,112 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,021 | €15,614 | +€1,593 | +11.4% |
| Other operating charges | 640/8 | €1,092 | €1,953 | +€861 | +78.8% |
| Non-recurring operating charges | 66A | - | €2,832 | +€2,832 | |
| Gross operating margin | 9900 | €68,430 | €45,125 | -€23,305 | -34.1% |
| Operating profit (loss) | 9901 | -€40,259 | -€57,739 | -€17,479 | -43.4% |
| Financial income | 75/76B | €2 | €30 | +€28 | +1,124% |
| Recurring financial income | 75 | €2 | €30 | +€28 | +1,124% |
| Financial charges | 65/66B | €6,452 | €11,499 | +€5,047 | +78.2% |
| Recurring financial charges | 65 | €6,452 | €11,499 | +€5,047 | +78.2% |
| Profit (loss) for the period before taxes | 9903 | -€46,709 | -€69,207 | -€22,498 | -48.2% |
| Income taxes | 67/77 | €496 | €631 | +€136 | +27.4% |
| Profit (loss) for the period | 9904 | -€47,205 | -€69,838 | -€22,633 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,205 | -€69,838 | -€22,633 | -47.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.