G.N.L.: 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.L.
Largest movements
- Receivables within one year -€115,970
down €115,970 (-35.4%), from €327,852 to €211,882
of which Trade receivables: -€92,571
- Cash -€59,676
down €59,676 (-82.5%), from €72,348 to €12,673
mainly Trade debts (-€122,181) and Tax, wage and social debts (-€26,010)
- Tangible fixed assets +€8,996
up €8,996 (+31.6%), from €28,505 to €37,501
of which Furniture and vehicles: +€9,422
- Deferred charges and accrued income +€4,982
up €4,982 (+415%), from €1,201 to €6,183
- Trade debts -€122,181
down €122,181 (-64.6%), from €189,192 to €67,011
- Tax, wage and social debts -€26,010
down €26,010 (-43.0%), from €60,503 to €34,493
of which Taxes: -€35,840
- Advances received -€13,914
down €13,914 (-100%), from €13,914 to €0
- Staff costs +€83,984
up €83,984 (+27.7%), from €303,595 to €387,579
- Taxes -€20,266
down €20,266 (-74.2%), from €27,323 to €7,057
- Gross operating margin +€13,472
up €13,472 (+3.4%), from €393,940 to €407,412
- Depreciation +€6,872
up €6,872 (+209%), from €3,286 to €10,158
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 | €429,907 | €268,239 | -€161,668 | -37.6% |
| Fixed assets | 21/28 | €28,505 | €37,501 | +€8,996 | +31.6% |
| Tangible fixed assets | 22/27 | €28,505 | €37,501 | +€8,996 | +31.6% |
| Plant, machinery and equipment | 23 | €1,595 | €1,169 | -€426 | -26.7% |
| Furniture and vehicles | 24 | €26,910 | €36,332 | +€9,422 | +35.0% |
| Current assets | 29/58 | €401,402 | €230,738 | -€170,664 | -42.5% |
| Amounts receivable within one year | 40/41 | €327,852 | €211,882 | -€115,970 | -35.4% |
| Trade receivables | 40 | €273,121 | €180,549 | -€92,571 | -33.9% |
| Other amounts receivable | 41 | €54,732 | €31,333 | -€23,399 | -42.8% |
| Cash at bank and in hand | 54/58 | €72,348 | €12,673 | -€59,676 | -82.5% |
| Deferred charges and accrued income | 490/1 | €1,201 | €6,183 | +€4,982 | +415% |
| Total equity and liabilities | 10/49 | €429,907 | €268,239 | -€161,668 | -37.6% |
| Equity | 10/15 | €145,880 | €146,335 | +€456 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,643 | €109,974 | +€331 | +0.3% |
| Non-distributable reserves | 130/1 | €1,916 | €1,916 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,916 | €1,916 | = | 0.0% |
| Distributable reserves | 133 | €107,727 | €108,058 | +€331 | +0.3% |
| Profit (loss) carried forward | 14 | €17,636 | €17,761 | +€125 | +0.7% |
| Amounts payable | 17/49 | €284,027 | €121,903 | -€162,123 | -57.1% |
| Amounts payable within one year | 42/48 | €284,027 | €121,903 | -€162,123 | -57.1% |
| Financial debts | 43 | €417 | €399 | -€18 | -4.3% |
| Credit institutions | 430/8 | €417 | €399 | -€18 | -4.3% |
| Trade debts | 44 | €189,192 | €67,011 | -€122,181 | -64.6% |
| Suppliers | 440/4 | €189,192 | €67,011 | -€122,181 | -64.6% |
| Advances received on contracts in progress | 46 | €13,914 | €0 | -€13,914 | -100% |
| Taxes, remuneration and social security | 45 | €60,503 | €34,493 | -€26,010 | -43.0% |
| Taxes | 450/3 | €59,558 | €23,717 | -€35,840 | -60.2% |
| Remuneration and social security | 454/9 | €946 | €10,776 | +€9,830 | +1,040% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €303,595 | €387,579 | +€83,984 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,286 | €10,158 | +€6,872 | +209% |
| Other operating charges | 640/8 | €4,068 | €3,183 | -€885 | -21.7% |
| Gross operating margin | 9900 | €393,940 | €407,412 | +€13,472 | +3.4% |
| Operating profit (loss) | 9901 | €82,991 | €6,491 | -€76,500 | -92.2% |
| Financial income | 75/76B | €5,045 | €4,737 | -€308 | -6.1% |
| Recurring financial income | 75 | €5,045 | €4,737 | -€308 | -6.1% |
| Financial charges | 65/66B | €1,241 | €3,840 | +€2,599 | +210% |
| Recurring financial charges | 65 | €1,241 | €3,840 | +€2,599 | +210% |
| Profit (loss) for the period before taxes | 9903 | €86,795 | €7,388 | -€79,407 | -91.5% |
| Income taxes | 67/77 | €27,323 | €7,057 | -€20,266 | -74.2% |
| Profit (loss) for the period | 9904 | €59,472 | €331 | -€59,141 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,472 | €331 | -€59,141 | -99.4% |
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 29 October 2026 via checked.be.