G&N GROUP: 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&N GROUP
Largest movements
- Receivables within one year -€145,337
down €145,337 (-32.7%), from €445,071 to €299,734
of which Trade receivables: -€180,454
- Tangible fixed assets +€111,502
up €111,502 (+26.2%), from €425,391 to €536,894
of which Other tangible fixed assets: +€117,062
- Stocks and contracts +€13,545
up €13,545 (+46.8%), from €28,955 to €42,499
- Trade debts -€180,423
down €180,423 (-69.4%), from €259,799 to €79,376
- Debts after one year +€141,449
up €141,449 (+72.7%), from €194,500 to €335,949
- Other debts +€44,493
up €44,493 (+2,816%), from €1,580 to €46,073
- Advances received -€31,300
down €31,300 (-17.1%), from €183,300 to €152,000
- Profit (loss) carried forward -€27,856
down €27,856 (-12.9%), from €216,029 to €188,173
- Gross operating margin +€44,050
up €44,050 (+79.8%), from €55,197 to €99,247
- Depreciation +€22,515
up €22,515 (+178%), from €12,674 to €35,189
- Financial charges +€12,224
up €12,224 (+285%), from €4,283 to €16,506
- Taxes +€11,210
up €11,210 (+125%), from €8,961 to €20,171
- Other operating charges -€2,194
down €2,194 (-84.8%), from €2,588 to €394
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 | €932,242 | €906,322 | -€25,920 | -2.8% |
| Fixed assets | 21/28 | €445,124 | €556,627 | +€111,502 | +25.0% |
| Tangible fixed assets | 22/27 | €425,391 | €536,894 | +€111,502 | +26.2% |
| Land and buildings | 22 | €215,782 | €210,518 | -€5,264 | -2.4% |
| Plant, machinery and equipment | 23 | €1,749 | €1,281 | -€468 | -26.8% |
| Furniture and vehicles | 24 | €9,540 | €9,713 | +€173 | +1.8% |
| Other tangible fixed assets | 26 | €198,320 | €315,382 | +€117,062 | +59.0% |
| Financial fixed assets | 28 | €19,733 | €19,733 | = | 0.0% |
| Current assets | 29/58 | €487,118 | €349,695 | -€137,422 | -28.2% |
| Stocks and contracts in progress | 3 | €28,955 | €42,499 | +€13,545 | +46.8% |
| Stocks | 30/36 | €28,955 | €42,499 | +€13,545 | +46.8% |
| Amounts receivable within one year | 40/41 | €445,071 | €299,734 | -€145,337 | -32.7% |
| Trade receivables | 40 | €404,508 | €224,054 | -€180,454 | -44.6% |
| Other amounts receivable | 41 | €40,563 | €75,680 | +€35,117 | +86.6% |
| Cash at bank and in hand | 54/58 | €13,092 | €4,765 | -€8,327 | -63.6% |
| Deferred charges and accrued income | 490/1 | - | €2,697 | +€2,697 | |
| Total equity and liabilities | 10/49 | €932,242 | €906,322 | -€25,920 | -2.8% |
| Equity | 10/15 | €259,238 | €231,382 | -€27,856 | -10.7% |
| Contributions | 10/11 | €15,349 | €17,209 | +€1,860 | +12.1% |
| Reserves | 13 | €27,860 | €26,000 | -€1,860 | -6.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €26,000 | €26,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,029 | €188,173 | -€27,856 | -12.9% |
| Amounts payable | 17/49 | €673,004 | €674,940 | +€1,936 | +0.3% |
| Amounts payable after more than one year | 17 | €194,500 | €335,949 | +€141,449 | +72.7% |
| Financial debts | 170/4 | €194,500 | €335,949 | +€141,449 | +72.7% |
| Amounts payable within one year | 42/48 | €478,504 | €338,991 | -€139,513 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | - | €12,081 | +€12,081 | |
| Financial debts | 43 | €4,409 | €5,142 | +€733 | +16.6% |
| Credit institutions | 430/8 | €4,409 | €5,142 | +€733 | +16.6% |
| Trade debts | 44 | €259,799 | €79,376 | -€180,423 | -69.4% |
| Suppliers | 440/4 | €259,799 | €79,376 | -€180,423 | -69.4% |
| Advances received on contracts in progress | 46 | €183,300 | €152,000 | -€31,300 | -17.1% |
| Taxes, remuneration and social security | 45 | €29,416 | €44,318 | +€14,902 | +50.7% |
| Taxes | 450/3 | €24,370 | €41,118 | +€16,748 | +68.7% |
| Remuneration and social security | 454/9 | €5,046 | €3,200 | -€1,846 | -36.6% |
| Other amounts payable | 47/48 | €1,580 | €46,073 | +€44,493 | +2,816% |
| Non-recurring operating income | 76A | €808 | - | -€808 | |
| Remuneration, social security and pensions | 62 | €27 | - | -€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,674 | €35,189 | +€22,515 | +178% |
| Other operating charges | 640/8 | €2,588 | €394 | -€2,194 | -84.8% |
| Non-recurring operating charges | 66A | €1,657 | €8,662 | +€7,005 | +423% |
| Gross operating margin | 9900 | €55,197 | €99,247 | +€44,050 | +79.8% |
| Operating profit (loss) | 9901 | €38,251 | €55,002 | +€16,751 | +43.8% |
| Financial income | 75/76B | €1,120 | €1,820 | +€699 | +62.4% |
| Recurring financial income | 75 | €1,120 | €1,820 | +€699 | +62.4% |
| Financial charges | 65/66B | €4,283 | €16,506 | +€12,224 | +285% |
| Recurring financial charges | 65 | €4,283 | €16,506 | +€12,224 | +285% |
| Profit (loss) for the period before taxes | 9903 | €35,089 | €40,315 | +€5,227 | +14.9% |
| Income taxes | 67/77 | €8,961 | €20,171 | +€11,210 | +125% |
| Profit (loss) for the period | 9904 | €26,128 | €20,144 | -€5,984 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,128 | €20,144 | -€5,984 | -22.9% |
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 28 October 2026 via checked.be.