G.L.: 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.L.
Largest movements
- Receivables within one year -€39,668
down €39,668 (-76.1%), from €52,111 to €12,443
of which Trade receivables: -€40,098
- Cash +€2,347
up €2,347 (+25.6%), from €9,156 to €11,503
mainly Receivables within one year (+€39,668) and Net result for the year (+€3,669)
- Reserves -€22,637
no longer reported in 2024 (was €22,637)
of which Distributable reserves: -€18,000
- Profit (loss) carried forward -€9,832
down €9,832, from €840 to -€8,992
- Trade debts -€2,682
down €2,682 (-68.2%), from €3,931 to €1,249
- Other debts -€2,310
down €2,310 (-15.1%), from €15,266 to €12,956
- Gross operating margin +€9,756
up €9,756, from -€6,045 to €3,711
- Depreciation -€1,212
no longer reported in 2024 (was €1,212)
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 | €61,267 | €23,946 | -€37,321 | -60.9% |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €61,267 | €23,946 | -€37,321 | -60.9% |
| Amounts receivable within one year | 40/41 | €52,111 | €12,443 | -€39,668 | -76.1% |
| Trade receivables | 40 | €47,567 | €7,468 | -€40,098 | -84.3% |
| Other amounts receivable | 41 | €4,544 | €4,975 | +€431 | +9.5% |
| Cash at bank and in hand | 54/58 | €9,156 | €11,503 | +€2,347 | +25.6% |
| Total equity and liabilities | 10/49 | €61,267 | €23,946 | -€37,321 | -60.9% |
| Equity | 10/15 | €42,070 | €9,600 | -€32,470 | -77.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €22,637 | - | -€22,637 | |
| Non-distributable reserves | 130/1 | €4,637 | - | -€4,637 | |
| Reserves not available under the articles | 1311 | €4,637 | - | -€4,637 | |
| Distributable reserves | 133 | €18,000 | - | -€18,000 | |
| Profit (loss) carried forward | 14 | €840 | -€8,992 | -€9,832 | |
| Amounts payable | 17/49 | €19,197 | €14,346 | -€4,851 | -25.3% |
| Amounts payable within one year | 42/48 | €19,197 | €14,346 | -€4,851 | -25.3% |
| Trade debts | 44 | €3,931 | €1,249 | -€2,682 | -68.2% |
| Suppliers | 440/4 | €3,931 | €1,249 | -€2,682 | -68.2% |
| Taxes, remuneration and social security | 45 | - | €141 | +€141 | |
| Taxes | 450/3 | - | €141 | +€141 | |
| Other amounts payable | 47/48 | €15,266 | €12,956 | -€2,310 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,212 | - | -€1,212 | |
| Gross operating margin | 9900 | -€6,045 | €3,711 | +€9,756 | |
| Operating profit (loss) | 9901 | -€7,257 | €3,711 | +€10,968 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +515.4% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +515.4% |
| Financial charges | 65/66B | €42 | €44 | +€2 | +3.8% |
| Recurring financial charges | 65 | €42 | €44 | +€2 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,299 | €3,669 | +€10,967 | |
| Profit (loss) for the period | 9904 | -€7,299 | €3,669 | +€10,967 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,299 | €3,669 | +€10,967 |
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 4 October 2026 via checked.be.