G-ITS: 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.
G-ITS
Largest movements
- Receivables within one year +€53,649
up €53,649 (+218.4%), from €24,560 to €78,208
of which Other amounts receivable: +€54,496
- Cash -€41,692
down €41,692 (-71.1%), from €58,613 to €16,921
mainly Receivables within one year (-€53,649) and Investment in fixed assets (net) (-€27,395)
- Tangible fixed assets +€26,938
new in 2024: €26,938
- Reserves +€12,355
up €12,355 (+36.4%), from €33,905 to €46,260
- Debts after one year +€12,286
new in 2024: €12,286
- Current portion of long-term debt +€11,392
up €11,392 (+231.3%), from €4,926 to €16,318
- Tax, wage and social debts +€4,653
up €4,653 (+17.7%), from €26,320 to €30,973
- Trade debts -€1,792
down €1,792 (-88.6%), from €2,023 to €231
- Gross operating margin -€5,792
down €5,792 (-13.3%), from €43,387 to €37,595
- Financial charges +€5,018
up €5,018 (+111.3%), from €4,510 to €9,529
- Financial income +€2,162
new in 2024: €2,162
- Taxes -€1,113
down €1,113 (-6.2%), from €17,963 to €16,851
- Other operating charges -€677
down €677 (-54.5%), from €1,242 to €565
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,173 | €126,068 | +€38,894 | +44.6% |
| Fixed assets | 21/28 | - | €26,938 | +€26,938 | |
| Tangible fixed assets | 22/27 | - | €26,938 | +€26,938 | |
| Furniture and vehicles | 24 | - | €26,938 | +€26,938 | |
| Current assets | 29/58 | €87,173 | €99,129 | +€11,956 | +13.7% |
| Amounts receivable within one year | 40/41 | €24,560 | €78,208 | +€53,649 | +218.4% |
| Trade receivables | 40 | €16,093 | €15,246 | -€847 | -5.3% |
| Other amounts receivable | 41 | €8,467 | €62,962 | +€54,496 | +643.6% |
| Current investments | 50/53 | €4,000 | €4,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,613 | €16,921 | -€41,692 | -71.1% |
| Total equity and liabilities | 10/49 | €87,173 | €126,068 | +€38,894 | +44.6% |
| Equity | 10/15 | €53,905 | €66,260 | +€12,355 | +22.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €33,905 | €46,260 | +€12,355 | +36.4% |
| Distributable reserves | 133 | €33,905 | €46,260 | +€12,355 | +36.4% |
| Amounts payable | 17/49 | €33,269 | €59,808 | +€26,539 | +79.8% |
| Amounts payable after more than one year | 17 | - | €12,286 | +€12,286 | |
| Financial debts | 170/4 | - | €12,286 | +€12,286 | |
| Amounts payable within one year | 42/48 | €33,269 | €47,522 | +€14,253 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €4,926 | €16,318 | +€11,392 | +231.3% |
| Trade debts | 44 | €2,023 | €231 | -€1,792 | -88.6% |
| Suppliers | 440/4 | €2,023 | €231 | -€1,792 | -88.6% |
| Taxes, remuneration and social security | 45 | €26,320 | €30,973 | +€4,653 | +17.7% |
| Taxes | 450/3 | €26,320 | €30,973 | +€4,653 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143 | €457 | +€313 | +218.7% |
| Other operating charges | 640/8 | €1,242 | €565 | -€677 | -54.5% |
| Gross operating margin | 9900 | €43,387 | €37,595 | -€5,792 | -13.3% |
| Operating profit (loss) | 9901 | €42,001 | €36,573 | -€5,428 | -12.9% |
| Financial income | 75/76B | - | €2,162 | +€2,162 | |
| Recurring financial income | 75 | - | €2,162 | +€2,162 | |
| Financial charges | 65/66B | €4,510 | €9,529 | +€5,018 | +111.3% |
| Recurring financial charges | 65 | €4,510 | €9,529 | +€5,018 | +111.3% |
| Profit (loss) for the period before taxes | 9903 | €37,491 | €29,206 | -€8,285 | -22.1% |
| Income taxes | 67/77 | €17,963 | €16,851 | -€1,113 | -6.2% |
| Profit (loss) for the period | 9904 | €19,528 | €12,355 | -€7,172 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,528 | €12,355 | -€7,172 | -36.7% |
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 30 September 2026 via checked.be.