G&S 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&S GROUP
Largest movements
- Receivables within one year +€37,174
up €37,174 (+27.2%), from €136,680 to €173,854
of which Trade receivables: +€23,893
- Stocks and contracts -€24,000
down €24,000 (-75.1%), from €31,966 to €7,966
- Cash -€22,707
down €22,707 (-89.7%), from €25,319 to €2,612
mainly Investment in fixed assets (net) (-€108,750) and Net result for the year (-€91,440)
- Deferred charges and accrued income +€20,016
up €20,016 (+817%), from €2,449 to €22,465
- Profit (loss) carried forward -€91,440
down €91,440, from €71,465 to -€19,975
- Trade debts +€80,030
up €80,030 (+65.4%), from €122,370 to €202,400
- Gross operating margin -€103,598
down €103,598 (-44.1%), from €235,089 to €131,491
- Other operating charges +€25,399
up €25,399 (+235%), from €10,824 to €36,223
- Taxes +€10,316
up €10,316 (+34.6%), from €29,847 to €40,163
- Depreciation +€9,865
up €9,865 (+8.7%), from €112,816 to €122,681
- Staff costs -€5,513
no longer reported in 2024 (was €5,513)
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 | €1,421,594 | €1,418,146 | -€3,448 | -0.2% |
| Fixed assets | 21/28 | €1,225,180 | €1,211,249 | -€13,931 | -1.1% |
| Tangible fixed assets | 22/27 | €1,225,180 | €1,211,249 | -€13,931 | -1.1% |
| Land and buildings | 22 | €951,875 | €954,845 | +€2,970 | +0.3% |
| Plant, machinery and equipment | 23 | €204,722 | €193,470 | -€11,252 | -5.5% |
| Furniture and vehicles | 24 | €53,903 | €54,384 | +€481 | +0.9% |
| Other tangible fixed assets | 26 | €6,130 | - | -€6,130 | |
| Assets under construction and advance payments | 27 | €8,550 | €8,550 | = | 0.0% |
| Current assets | 29/58 | €196,414 | €206,897 | +€10,483 | +5.3% |
| Stocks and contracts in progress | 3 | €31,966 | €7,966 | -€24,000 | -75.1% |
| Stocks | 30/36 | €31,966 | €7,966 | -€24,000 | -75.1% |
| Amounts receivable within one year | 40/41 | €136,680 | €173,854 | +€37,174 | +27.2% |
| Trade receivables | 40 | €20,759 | €44,652 | +€23,893 | +115% |
| Other amounts receivable | 41 | €115,921 | €129,202 | +€13,281 | +11.5% |
| Cash at bank and in hand | 54/58 | €25,319 | €2,612 | -€22,707 | -89.7% |
| Deferred charges and accrued income | 490/1 | €2,449 | €22,465 | +€20,016 | +817% |
| Total equity and liabilities | 10/49 | €1,421,594 | €1,418,146 | -€3,448 | -0.2% |
| Equity | 10/15 | €284,202 | €192,762 | -€91,440 | -32.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €152,737 | €152,737 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,737 | €2,737 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,737 | €2,737 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,465 | -€19,975 | -€91,440 | |
| Amounts payable | 17/49 | €1,137,392 | €1,225,384 | +€87,992 | +7.7% |
| Amounts payable after more than one year | 17 | €700,437 | €700,320 | -€117 | 0.0% |
| Financial debts | 170/4 | €700,437 | €700,320 | -€117 | 0.0% |
| Amounts payable within one year | 42/48 | €436,955 | €525,064 | +€88,109 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €134,161 | €148,373 | +€14,212 | +10.6% |
| Financial debts | 43 | €86,286 | €86,910 | +€624 | +0.7% |
| Credit institutions | 430/8 | €22,561 | €23,185 | +€624 | +2.8% |
| Other loans | 439 | €63,725 | €63,725 | = | 0.0% |
| Trade debts | 44 | €122,370 | €202,400 | +€80,030 | +65.4% |
| Suppliers | 440/4 | €122,370 | €202,400 | +€80,030 | +65.4% |
| Taxes, remuneration and social security | 45 | €92,836 | €87,381 | -€5,455 | -5.9% |
| Taxes | 450/3 | €69,505 | €87,381 | +€17,876 | +25.7% |
| Remuneration and social security | 454/9 | €23,331 | - | -€23,331 | |
| Other amounts payable | 47/48 | €1,302 | - | -€1,302 | |
| Remuneration, social security and pensions | 62 | €5,513 | - | -€5,513 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,816 | €122,681 | +€9,865 | +8.7% |
| Other operating charges | 640/8 | €10,824 | €36,223 | +€25,399 | +235% |
| Non-recurring operating charges | 66A | €781 | - | -€781 | |
| Gross operating margin | 9900 | €235,089 | €131,491 | -€103,598 | -44.1% |
| Operating profit (loss) | 9901 | €105,155 | -€27,413 | -€132,568 | |
| Financial income | 75/76B | €130 | €4 | -€126 | -96.9% |
| Recurring financial income | 75 | €130 | €4 | -€126 | -96.9% |
| Financial charges | 65/66B | €23,292 | €23,868 | +€576 | +2.5% |
| Recurring financial charges | 65 | €23,292 | €23,868 | +€576 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €81,993 | -€51,277 | -€133,270 | |
| Income taxes | 67/77 | €29,847 | €40,163 | +€10,316 | +34.6% |
| Profit (loss) for the period | 9904 | €52,146 | -€91,440 | -€143,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,146 | -€91,440 | -€143,586 |
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 21 October 2026 via checked.be.