G & T: 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 & T
Largest movements
- Receivables within one year +€26,451
up €26,451 (+53.8%), from €49,141 to €75,592
of which Other amounts receivable: +€43,925
- Tangible fixed assets +€18,232
up €18,232 (+69.6%), from €26,203 to €44,435
of which Leasing and similar rights: +€25,503
- Deferred charges and accrued income +€13,683
up €13,683 (+77.2%), from €17,730 to €31,413
- Cash -€9,016
no longer reported in 2024 (was €9,016)
mainly Contributions, distributions and other (-€62,350) and Investment in fixed assets (net) (-€29,705)
- Other debts +€30,850
up €30,850 (+2,057%), from €1,500 to €32,350
- Debts after one year +€16,486
up €16,486 (+193%), from €8,559 to €25,044
- Short-term financial debts +€10,040
new in 2024: €10,040
- Current portion of long-term debt +€4,773
up €4,773 (+72.0%), from €6,625 to €11,398
- Trade debts -€4,526
down €4,526 (-33.3%), from €13,599 to €9,074
- Gross operating margin +€31,808
up €31,808 (+52.2%), from €60,886 to €92,694
- Taxes +€8,316
up €8,316 (+135%), from €6,150 to €14,466
- Other operating charges +€4,226
up €4,226 (+435%), from €971 to €5,197
- Financial income +€1,786
up €1,786 (+115%), from €1,553 to €3,339
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 | €155,445 | €203,352 | +€47,907 | +30.8% |
| Fixed assets | 21/28 | €26,203 | €44,435 | +€18,232 | +69.6% |
| Tangible fixed assets | 22/27 | €26,203 | €44,435 | +€18,232 | +69.6% |
| Plant, machinery and equipment | 23 | €9,384 | €6,806 | -€2,578 | -27.5% |
| Furniture and vehicles | 24 | €9,606 | €4,913 | -€4,693 | -48.9% |
| Leasing and similar rights | 25 | €7,213 | €32,716 | +€25,503 | +354% |
| Current assets | 29/58 | €129,242 | €158,917 | +€29,675 | +23.0% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,354 | €1,912 | -€1,442 | -43.0% |
| Stocks | 30/36 | €3,354 | €1,912 | -€1,442 | -43.0% |
| Amounts receivable within one year | 40/41 | €49,141 | €75,592 | +€26,451 | +53.8% |
| Trade receivables | 40 | €33,426 | €15,952 | -€17,474 | -52.3% |
| Other amounts receivable | 41 | €15,715 | €59,639 | +€43,925 | +280% |
| Cash at bank and in hand | 54/58 | €9,016 | - | -€9,016 | |
| Deferred charges and accrued income | 490/1 | €17,730 | €31,413 | +€13,683 | +77.2% |
| Total equity and liabilities | 10/49 | €155,445 | €203,352 | +€47,907 | +30.8% |
| Equity | 10/15 | €81,411 | €76,329 | -€5,082 | -6.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €60,645 | €56,413 | -€4,232 | -7.0% |
| Tax-exempt reserves | 132 | €5,362 | €5,362 | = | 0.0% |
| Distributable reserves | 133 | €55,283 | €51,051 | -€4,232 | -7.7% |
| Profit (loss) carried forward | 14 | €8,266 | €7,416 | -€850 | -10.3% |
| Amounts payable | 17/49 | €74,034 | €127,023 | +€52,989 | +71.6% |
| Amounts payable after more than one year | 17 | €8,559 | €25,044 | +€16,486 | +193% |
| Financial debts | 170/4 | €8,559 | €25,044 | +€16,486 | +193% |
| Amounts payable within one year | 42/48 | €32,475 | €73,478 | +€41,003 | +126% |
| Current portion of amounts payable after more than one year | 42 | €6,625 | €11,398 | +€4,773 | +72.0% |
| Financial debts | 43 | - | €10,040 | +€10,040 | |
| Credit institutions | 430/8 | - | €10,040 | +€10,040 | |
| Trade debts | 44 | €13,599 | €9,074 | -€4,526 | -33.3% |
| Suppliers | 440/4 | €13,599 | €9,074 | -€4,526 | -33.3% |
| Taxes, remuneration and social security | 45 | €10,751 | €10,616 | -€134 | -1.2% |
| Taxes | 450/3 | €10,751 | €10,616 | -€134 | -1.2% |
| Other amounts payable | 47/48 | €1,500 | €32,350 | +€30,850 | +2,057% |
| Accrued charges and deferred income | 492/3 | €33,000 | €28,500 | -€4,500 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,815 | €11,473 | -€342 | -2.9% |
| Other operating charges | 640/8 | €971 | €5,197 | +€4,226 | +435% |
| Non-recurring operating charges | 66A | - | €4,648 | +€4,648 | |
| Gross operating margin | 9900 | €60,886 | €92,694 | +€31,808 | +52.2% |
| Operating profit (loss) | 9901 | €48,100 | €71,377 | +€23,277 | +48.4% |
| Financial income | 75/76B | €1,553 | €3,339 | +€1,786 | +115% |
| Recurring financial income | 75 | €1,553 | €3,339 | +€1,786 | +115% |
| Financial charges | 65/66B | €2,080 | €2,981 | +€901 | +43.3% |
| Recurring financial charges | 65 | €2,080 | €2,981 | +€901 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | €47,573 | €71,734 | +€24,161 | +50.8% |
| Income taxes | 67/77 | €6,150 | €14,466 | +€8,316 | +135% |
| Profit (loss) for the period | 9904 | €41,423 | €57,268 | +€15,846 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,423 | €57,268 | +€15,846 | +38.3% |
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.