G.S.: 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.S.
Largest movements
- Receivables within one year -€28,745
down €28,745 (-53.1%), from €54,175 to €25,431
of which Other amounts receivable: -€16,724
- Deferred charges and accrued income +€4,597
up €4,597 (+59.2%), from €7,768 to €12,365
- Tangible fixed assets -€2,122
down €2,122 (-21.9%), from €9,702 to €7,579
- Other debts -€9,559
no longer reported in 2024 (was €9,559)
- Tax, wage and social debts -€9,314
down €9,314 (-40.1%), from €23,239 to €13,925
of which Taxes: -€6,287
- Trade debts -€8,498
down €8,498 (-30.2%), from €28,143 to €19,645
- Advances received +€7,962
new in 2024: €7,962
- Reserves -€7,695
down €7,695 (-42.6%), from €18,067 to €10,372
of which Distributable reserves: -€5,835
- Gross operating margin +€22,556
up €22,556 (+18.4%), from €122,875 to €145,430
- Staff costs +€15,140
up €15,140 (+11.7%), from €129,575 to €144,715
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 | €97,609 | €70,504 | -€27,105 | -27.8% |
| Fixed assets | 21/28 | €9,702 | €7,579 | -€2,122 | -21.9% |
| Tangible fixed assets | 22/27 | €9,702 | €7,579 | -€2,122 | -21.9% |
| Furniture and vehicles | 24 | €9,702 | €7,579 | -€2,122 | -21.9% |
| Current assets | 29/58 | €87,907 | €62,925 | -€24,982 | -28.4% |
| Amounts receivable within one year | 40/41 | €54,175 | €25,431 | -€28,745 | -53.1% |
| Trade receivables | 40 | €14,436 | €2,415 | -€12,021 | -83.3% |
| Other amounts receivable | 41 | €39,739 | €23,016 | -€16,724 | -42.1% |
| Cash at bank and in hand | 54/58 | €25,963 | €25,129 | -€835 | -3.2% |
| Deferred charges and accrued income | 490/1 | €7,768 | €12,365 | +€4,597 | +59.2% |
| Total equity and liabilities | 10/49 | €97,609 | €70,504 | -€27,105 | -27.8% |
| Equity | 10/15 | €36,667 | €28,972 | -€7,695 | -21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,067 | €10,372 | -€7,695 | -42.6% |
| Non-distributable reserves | 130/1 | €10,216 | €8,356 | -€1,860 | -18.2% |
| Reserves not available under the articles | 1311 | €10,216 | €8,356 | -€1,860 | -18.2% |
| Distributable reserves | 133 | €7,851 | €2,016 | -€5,835 | -74.3% |
| Amounts payable | 17/49 | €60,942 | €41,532 | -€19,409 | -31.8% |
| Amounts payable within one year | 42/48 | €60,942 | €41,532 | -€19,409 | -31.8% |
| Trade debts | 44 | €28,143 | €19,645 | -€8,498 | -30.2% |
| Suppliers | 440/4 | €28,143 | €19,645 | -€8,498 | -30.2% |
| Advances received on contracts in progress | 46 | - | €7,962 | +€7,962 | |
| Taxes, remuneration and social security | 45 | €23,239 | €13,925 | -€9,314 | -40.1% |
| Taxes | 450/3 | €7,601 | €1,314 | -€6,287 | -82.7% |
| Remuneration and social security | 454/9 | €15,638 | €12,611 | -€3,027 | -19.4% |
| Other amounts payable | 47/48 | €9,559 | - | -€9,559 | |
| Non-recurring operating income | 76A | €2,112 | €5,785 | +€3,673 | +174% |
| Remuneration, social security and pensions | 62 | €129,575 | €144,715 | +€15,140 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,846 | €4,069 | +€224 | +5.8% |
| Other operating charges | 640/8 | €2,290 | €2,215 | -€75 | -3.3% |
| Non-recurring operating charges | 66A | €1,344 | - | -€1,344 | |
| Gross operating margin | 9900 | €122,875 | €145,430 | +€22,556 | +18.4% |
| Operating profit (loss) | 9901 | -€14,180 | -€5,569 | +€8,611 | +60.7% |
| Financial income | 75/76B | €2,035 | €1,330 | -€704 | -34.6% |
| Recurring financial income | 75 | €2,035 | €1,330 | -€704 | -34.6% |
| Financial charges | 65/66B | €2,667 | €3,299 | +€632 | +23.7% |
| Recurring financial charges | 65 | €2,667 | €2,721 | +€54 | +2.0% |
| Non-recurring financial charges | 66B | - | €577 | +€577 | |
| Profit (loss) for the period before taxes | 9903 | -€14,812 | -€7,537 | +€7,275 | +49.1% |
| Income taxes | 67/77 | -€624 | €158 | +€782 | |
| Profit (loss) for the period | 9904 | -€14,188 | -€7,695 | +€6,493 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,188 | -€7,695 | +€6,493 | +45.8% |
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 14 October 2026 via checked.be.