G - BLOCK: what changed
Two fiscal 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.
What changed
G - BLOCK
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€202,699
2023 · €28,939+€173,760
Equity
€2.2m
2023 · €2.0m+€204,449
Cash
€760,983
2023 · €712,968+€48,015
Balance sheet total
€2.5m
2023 · €2.2m+€368,243
Largest movements
Assets
- Tangible fixed assets +€153,233
up €153,233 (+65.3%), from €234,491 to €387,724
of which Furniture and vehicles: +€93,550
- Receivables within one year +€115,221
up €115,221 (+209.8%), from €54,919 to €170,140
of which Trade receivables: +€114,850
- Cash +€48,015
up €48,015 (+6.7%), from €712,968 to €760,983
mainly Net result for the year (+€202,699) and Trade debts (+€95,561)
- Current investments +€42,052
up €42,052 (+7.1%), from €592,637 to €634,689
Equity and liabilities
- Profit (loss) carried forward +€201,070
up €201,070 (+23.7%), from €848,342 to €1.0m
- Trade debts +€95,561
up €95,561 (+394.0%), from €24,251 to €119,812
- Tax, wage and social debts +€53,972
up €53,972 (+160.7%), from €33,583 to €87,555
of which Taxes: +€53,708
Income statement
- Gross operating margin +€254,716
up €254,716 (+68.8%), from €370,262 to €624,978
- Taxes +€56,691
up €56,691 (+3297.9%), from €1,719 to €58,410
- Provisions -€23,689
down €23,689 (-67.8%), from €34,916 to €11,227
- Staff costs +€16,613
up €16,613 (+5.9%), from €280,928 to €297,541
- Financial income -€12,787
down €12,787 (-33.8%), from €37,819 to €25,032
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.
Result 2023
€28,939
Gross operating margin
+€254,716
Staff costs
-€16,613
Depreciation
-€10,055
Provisions
+€23,689
Other operating charges
+€1,947
Other operating items
-€3,740
Financial income
-€12,787
Financial charges
-€8,258
Taxes
-€56,691
Deferred taxes and other
+€1,552
Result 2024
€202,699
Cash bridge derived
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.
From operations
+€291,848
Investment
-€245,636
Financing
+€1,803
Cash 2023
€712,968
From operations (derived)
+€291,848
Net result for the year
+€202,699
Depreciation
+€50,135
Stocks and contracts
-€12,305
Receivables within one year
-€115,221
Deferred charges and accrued income
+€2,799
Provisions
+€12,675
Trade debts
+€95,561
Tax, wage and social debts
+€53,972
Other debts
+€1,533
Investment (derived)
-€245,636
Investment in fixed assets (net)
-€203,584
Current investments
-€42,052
Financing
+€1,803
Short-term financial debts
+€53
Contributions, distributions and other
+€1,750
Cash 2024
€760,983
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,173,826 | €2,542,069 | +€368,243 | +16.9% |
| Fixed assets | 21/28 | €234,553 | €388,002 | +€153,449 | +65.4% |
| Tangible fixed assets | 22/27 | €234,491 | €387,724 | +€153,233 | +65.3% |
| Land and buildings | 22 | €103,639 | €103,639 | = | 0.0% |
| Plant, machinery and equipment | 23 | €130,852 | €190,535 | +€59,683 | +45.6% |
| Furniture and vehicles | 24 | - | €93,550 | +€93,550 | |
| Financial fixed assets | 28 | €62 | €278 | +€216 | +348.4% |
| Current assets | 29/58 | €1,939,273 | €2,154,067 | +€214,794 | +11.1% |
| Stocks and contracts in progress | 3 | €571,110 | €583,415 | +€12,305 | +2.2% |
| Stocks | 30/36 | €571,110 | €583,415 | +€12,305 | +2.2% |
| Amounts receivable within one year | 40/41 | €54,919 | €170,140 | +€115,221 | +209.8% |
| Trade receivables | 40 | €50,806 | €165,656 | +€114,850 | +226.1% |
| Other amounts receivable | 41 | €4,113 | €4,484 | +€371 | +9.0% |
| Current investments | 50/53 | €592,637 | €634,689 | +€42,052 | +7.1% |
| Cash at bank and in hand | 54/58 | €712,968 | €760,983 | +€48,015 | +6.7% |
| Deferred charges and accrued income | 490/1 | €7,639 | €4,840 | -€2,799 | -36.6% |
| Total equity and liabilities | 10/49 | €2,173,826 | €2,542,069 | +€368,243 | +16.9% |
| Equity | 10/15 | €2,043,337 | €2,247,786 | +€204,449 | +10.0% |
| Contributions | 10/11 | €1,124,000 | €1,124,000 | = | 0.0% |
| Capital | 10 | €1,124,000 | €1,124,000 | = | 0.0% |
| Issued capital | 100 | €1,124,000 | €1,124,000 | = | 0.0% |
| Reserves | 13 | €61,029 | €64,408 | +€3,379 | +5.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,250 | €8,629 | +€3,379 | +64.4% |
| Distributable reserves | 133 | €49,579 | €49,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | €848,342 | €1,049,412 | +€201,070 | +23.7% |
| Investment grants | 15 | €9,966 | €9,966 | = | 0.0% |
| Provisions and deferred taxes | 16 | €37,166 | €49,841 | +€12,675 | +34.1% |
| Provisions for liabilities and charges | 160/5 | - | €46,143 | +€46,143 | |
| Major repairs and maintenance | 162 | - | €22,507 | +€22,507 | |
| Other liabilities and charges | 164/5 | - | €23,636 | +€23,636 | |
| Deferred taxes | 168 | €37,166 | €3,698 | -€33,468 | -90.1% |
| Amounts payable | 17/49 | €93,323 | €244,442 | +€151,119 | +161.9% |
| Amounts payable after more than one year | 17 | €35,489 | €35,489 | = | 0.0% |
| Other amounts payable | 178/9 | €35,489 | €35,489 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,834 | €208,953 | +€151,119 | +261.3% |
| Financial debts | 43 | - | €53 | +€53 | |
| Credit institutions | 430/8 | - | €53 | +€53 | |
| Trade debts | 44 | €24,251 | €119,812 | +€95,561 | +394.0% |
| Suppliers | 440/4 | €24,251 | €119,812 | +€95,561 | +394.0% |
| Taxes, remuneration and social security | 45 | €33,583 | €87,555 | +€53,972 | +160.7% |
| Taxes | 450/3 | - | €53,708 | +€53,708 | |
| Remuneration and social security | 454/9 | €33,583 | €33,847 | +€264 | +0.8% |
| Other amounts payable | 47/48 | - | €1,533 | +€1,533 | |
| Remuneration, social security and pensions | 62 | €280,928 | €297,541 | +€16,613 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,080 | €50,135 | +€10,055 | +25.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €34,916 | €11,227 | -€23,689 | -67.8% |
| Other operating charges | 640/8 | €23,518 | €21,571 | -€1,947 | -8.3% |
| Non-recurring operating charges | 66A | - | €3,740 | +€3,740 | |
| Gross operating margin | 9900 | €370,262 | €624,978 | +€254,716 | +68.8% |
| Operating profit (loss) | 9901 | -€9,180 | €240,764 | +€249,944 | |
| Financial income | 75/76B | €37,819 | €25,032 | -€12,787 | -33.8% |
| Recurring financial income | 75 | €37,819 | €25,032 | -€12,787 | -33.8% |
| Financial charges | 65/66B | -€4,269 | €3,989 | +€8,258 | |
| Recurring financial charges | 65 | -€4,269 | €3,989 | +€8,258 | |
| Profit (loss) for the period before taxes | 9903 | €32,908 | €261,807 | +€228,899 | +695.6% |
| Transfer from deferred taxes | 780 | - | €52 | +€52 | |
| Transfer to deferred taxes | 680 | €2,250 | €750 | -€1,500 | -66.7% |
| Income taxes | 67/77 | €1,719 | €58,410 | +€56,691 | +3297.9% |
| Profit (loss) for the period | 9904 | €28,939 | €202,699 | +€173,760 | +600.4% |
| Transfer from tax-exempt reserves | 789 | - | €121 | +€121 | |
| Transfer to tax-exempt reserves | 689 | €5,250 | €1,750 | -€3,500 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,689 | €201,070 | +€177,381 | +748.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.