G.I.C.H.: what changed
G.I.C.H.
Largest movements
- Cash +€71,942
up €71,942 (+173%), from €41,615 to €113,557
- Receivables within one year -€27,968
down €27,968 (-35.1%), from €79,716 to €51,748
of which Other amounts receivable: -€43,829
- Tangible fixed assets -€16,567
down €16,567 (-62.0%), from €26,731 to €10,164
of which Plant, machinery and equipment: -€18,712
- Reserves +€38,018
up €38,018 (+2,001%), from €1,900 to €39,918
of which Tax-exempt reserves: +€38,018
- Trade debts -€26,852
down €26,852 (-46.2%), from €58,143 to €31,290
- Tax, wage and social debts +€14,317
up €14,317 (+339%), from €4,227 to €18,544
of which Remuneration and social security: +€8,256
- Other debts -€13,922
down €13,922 (-25.9%), from €53,762 to €39,840
- Provisions +€13,185
new in 2024: €13,185
- Turnover +€145,110
up €145,110 (+50.3%), from €288,370 to €433,480
- Purchases and services +€143,568
up €143,568 (+65.2%), from €220,332 to €363,900
- Staff costs +€40,069
up €40,069, from -€6 to €40,063
- Gross operating margin +€10,653
up €10,653 (+15.0%), from €71,038 to €81,691
- Other operating charges -€7,844
down €7,844 (-45.0%), from €17,412 to €9,568
Change in the result, 2022 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.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,919 | €181,181 | +€26,262 | +17.0% |
| Fixed assets | 21/28 | €28,131 | €11,564 | -€16,567 | -58.9% |
| Tangible fixed assets | 22/27 | €26,731 | €10,164 | -€16,567 | -62.0% |
| Land and buildings | 22 | - | €8,164 | +€8,164 | |
| Plant, machinery and equipment | 23 | €20,712 | €2,000 | -€18,712 | -90.3% |
| Furniture and vehicles | 24 | €6,019 | - | -€6,019 | |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €126,788 | €169,617 | +€42,829 | +33.8% |
| Stocks and contracts in progress | 3 | €5,457 | €4,312 | -€1,145 | -21.0% |
| Stocks | 30/36 | €5,457 | €4,312 | -€1,145 | -21.0% |
| Amounts receivable within one year | 40/41 | €79,716 | €51,748 | -€27,968 | -35.1% |
| Trade receivables | 40 | €5,000 | €20,861 | +€15,861 | +317% |
| Other amounts receivable | 41 | €74,716 | €30,887 | -€43,829 | -58.7% |
| Cash at bank and in hand | 54/58 | €41,615 | €113,557 | +€71,942 | +173% |
| Total equity and liabilities | 10/49 | €154,919 | €181,181 | +€26,262 | +17.0% |
| Equity | 10/15 | €38,788 | €78,322 | +€39,534 | +102% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | €19,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €39,918 | +€38,018 | +2,001% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Legal reserve | 130 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €38,018 | +€38,018 | |
| Profit (loss) carried forward | 14 | €17,888 | €19,404 | +€1,516 | +8.5% |
| Provisions and deferred taxes | 16 | - | €13,185 | +€13,185 | |
| Deferred taxes | 168 | - | €13,185 | +€13,185 | |
| Amounts payable | 17/49 | €116,131 | €89,674 | -€26,456 | -22.8% |
| Amounts payable within one year | 42/48 | €116,131 | €89,674 | -€26,456 | -22.8% |
| Trade debts | 44 | €58,143 | €31,290 | -€26,852 | -46.2% |
| Suppliers | 440/4 | €58,143 | €31,290 | -€26,852 | -46.2% |
| Taxes, remuneration and social security | 45 | €4,227 | €18,544 | +€14,317 | +339% |
| Taxes | 450/3 | €4,195 | €10,257 | +€6,062 | +144% |
| Remuneration and social security | 454/9 | €31 | €8,287 | +€8,256 | +26,367% |
| Other amounts payable | 47/48 | €53,762 | €39,840 | -€13,922 | -25.9% |
| Turnover | 70 | €288,370 | €433,480 | +€145,110 | +50.3% |
| Non-recurring operating income | 76A | - | €14,375 | +€14,375 | |
| Goods, raw materials, services and sundry goods | 60/61 | €220,332 | €363,900 | +€143,568 | +65.2% |
| Remuneration, social security and pensions | 62 | -€6 | €40,063 | +€40,069 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,209 | €2,192 | -€4,017 | -64.7% |
| Other operating charges | 640/8 | €17,412 | €9,568 | -€7,844 | -45.0% |
| Gross operating margin | 9900 | €71,038 | €81,691 | +€10,653 | +15.0% |
| Operating profit (loss) | 9901 | €47,424 | €29,868 | -€17,556 | -37.0% |
| Financial income | 75/76B | €55 | €16 | -€39 | -70.2% |
| Recurring financial income | 75 | €55 | €16 | -€39 | -70.2% |
| Financial charges | 65/66B | €2,343 | €3,436 | +€1,093 | +46.7% |
| Recurring financial charges | 65 | €2,343 | €3,436 | +€1,093 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €45,136 | €26,448 | -€18,688 | -41.4% |
| Income taxes | 67/77 | €6,286 | €11,933 | +€5,646 | +89.8% |
| Profit (loss) for the period | 9904 | €38,850 | €14,516 | -€24,334 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,850 | €14,516 | -€24,334 | -62.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 30 September 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.