G.D.P.: 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.D.P.
Largest movements
- Tangible fixed assets -€355,455
down €355,455 (-12.8%), from €2.8m to €2.4m
of which Land and buildings: -€209,207
- Cash +€282,004
up €282,004 (+11.3%), from €2.5m to €2.8m
mainly Depreciation (+€381,611) and Contributions, distributions and other (+€241,533)
- Intangible fixed assets -€166,891
down €166,891 (-43.5%), from €383,782 to €216,891
- Debts after one year -€282,399
down €282,399 (-6.4%), from €4.4m to €4.2m
of which Financial debts: -€282,399
- Accrued charges and deferred income -€253,294
down €253,294 (-49.0%), from €516,474 to €263,180
- Revaluation surpluses +€163,805
up €163,805 (+169%), from €96,960 to €260,764
- Reserves +€120,000
up €120,000 (+134%), from €89,359 to €209,359
of which Distributable reserves: +€120,000
- Financial income +€49,516
up €49,516 (+71.1%), from €69,648 to €119,164
- Depreciation -€8,652
down €8,652 (-2.2%), from €390,263 to €381,611
- Financial charges +€7,280
up €7,280 (+4.5%), from €163,271 to €170,551
- Other operating charges -€6,615
down €6,615 (-42.7%), from €15,495 to €8,880
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 | €6,301,514 | €6,023,656 | -€277,858 | -4.4% |
| Fixed assets | 21/28 | €3,362,727 | €2,840,382 | -€522,345 | -15.5% |
| Intangible fixed assets | 21 | €383,782 | €216,891 | -€166,891 | -43.5% |
| Tangible fixed assets | 22/27 | €2,774,582 | €2,419,127 | -€355,455 | -12.8% |
| Land and buildings | 22 | €1,706,420 | €1,497,214 | -€209,207 | -12.3% |
| Furniture and vehicles | 24 | €54,127 | €28,881 | -€25,246 | -46.6% |
| Leasing and similar rights | 25 | €40,000 | €40,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €974,035 | €853,032 | -€121,002 | -12.4% |
| Financial fixed assets | 28 | €204,363 | €204,363 | = | 0.0% |
| Current assets | 29/58 | €2,938,787 | €3,183,274 | +€244,488 | +8.3% |
| Amounts receivable after more than one year | 29 | €29,308 | €29,308 | = | 0.0% |
| Trade receivables | 290 | €29,308 | €29,308 | = | 0.0% |
| Stocks and contracts in progress | 3 | €162,860 | €162,860 | = | 0.0% |
| Stocks | 30/36 | €162,860 | €162,860 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €240,316 | €201,953 | -€38,363 | -16.0% |
| Trade receivables | 40 | €112,704 | €121,099 | +€8,395 | +7.4% |
| Other amounts receivable | 41 | €127,612 | €80,854 | -€46,758 | -36.6% |
| Cash at bank and in hand | 54/58 | €2,503,753 | €2,785,757 | +€282,004 | +11.3% |
| Deferred charges and accrued income | 490/1 | €2,549 | €3,396 | +€847 | +33.2% |
| Total equity and liabilities | 10/49 | €6,301,514 | €6,023,656 | -€277,858 | -4.4% |
| Equity | 10/15 | €1,146,188 | €1,429,543 | +€283,354 | +24.7% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Contributions outside capital | 11 | €800,000 | €800,000 | = | 0.0% |
| Other | 1109/19 | €800,000 | €800,000 | = | 0.0% |
| Revaluation surpluses | 12 | €96,960 | €260,764 | +€163,805 | +169% |
| Reserves | 13 | €89,359 | €209,359 | +€120,000 | +134% |
| Non-distributable reserves | 130/1 | €20,042 | €20,042 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,042 | €20,042 | = | 0.0% |
| Distributable reserves | 133 | €69,317 | €189,317 | +€120,000 | +173% |
| Profit (loss) carried forward | 14 | €26,241 | €48,062 | +€21,821 | +83.2% |
| Investment grants | 15 | €133,628 | €111,357 | -€22,271 | -16.7% |
| Amounts payable | 17/49 | €5,155,325 | €4,594,113 | -€561,212 | -10.9% |
| Amounts payable after more than one year | 17 | €4,438,133 | €4,155,734 | -€282,399 | -6.4% |
| Financial debts | 170/4 | €4,426,532 | €4,144,134 | -€282,399 | -6.4% |
| Other amounts payable | 178/9 | €11,601 | €11,601 | = | 0.0% |
| Amounts payable within one year | 42/48 | €200,718 | €175,199 | -€25,519 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €117,120 | €118,291 | +€1,170 | +1.0% |
| Trade debts | 44 | €17,700 | €29,453 | +€11,753 | +66.4% |
| Suppliers | 440/4 | €17,700 | €29,453 | +€11,753 | +66.4% |
| Taxes, remuneration and social security | 45 | €8,599 | €6,626 | -€1,973 | -22.9% |
| Taxes | 450/3 | €6,931 | €2,450 | -€4,481 | -64.7% |
| Remuneration and social security | 454/9 | €1,668 | €4,176 | +€2,508 | +150% |
| Other amounts payable | 47/48 | €57,298 | €20,830 | -€36,469 | -63.6% |
| Accrued charges and deferred income | 492/3 | €516,474 | €263,180 | -€253,294 | -49.0% |
| Non-recurring operating income | 76A | €54,016 | - | -€54,016 | |
| Remuneration, social security and pensions | 62 | €30,561 | €34,300 | +€3,739 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €390,263 | €381,611 | -€8,652 | -2.2% |
| Other operating charges | 640/8 | €15,495 | €8,880 | -€6,615 | -42.7% |
| Gross operating margin | 9900 | €522,571 | €517,999 | -€4,572 | -0.9% |
| Operating profit (loss) | 9901 | €86,252 | €93,208 | +€6,956 | +8.1% |
| Financial income | 75/76B | €69,648 | €119,164 | +€49,516 | +71.1% |
| Recurring financial income | 75 | €69,648 | €119,164 | +€49,516 | +71.1% |
| Financial charges | 65/66B | €163,271 | €170,551 | +€7,280 | +4.5% |
| Recurring financial charges | 65 | €163,271 | €170,551 | +€7,280 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,371 | €41,821 | +€49,192 | |
| Profit (loss) for the period | 9904 | -€7,371 | €41,821 | +€49,192 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,371 | €41,821 | +€49,192 |
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.