G12: what changed
Two fiscal 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.
G12
Largest movements
- Tangible fixed assets -€98,863
down €98,863 (-2.4%), from €4.2m to €4.1m
- Receivables within one year +€65,003
up €65,003 (+4.7%), from €1.4m to €1.4m
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€33,461
up €33,461 (+47.5%), from €70,413 to €103,875
- Gross operating margin +€4,135
up €4,135 (+53.2%), from €7,779 to €11,914
- Financial income +€4,005
up €4,005 (+7.6%), from €52,813 to €56,818
- Other operating charges +€3,893
up €3,893 (+75.3%), from €5,171 to €9,064
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.
Cash bridge derived
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 | €5,570,399 | €5,542,974 | -€27,425 | -0.5% |
| Fixed assets | 21/28 | €4,197,632 | €4,098,769 | -€98,863 | -2.4% |
| Tangible fixed assets | 22/27 | €4,197,632 | €4,098,769 | -€98,863 | -2.4% |
| Land and buildings | 22 | €4,197,632 | €4,098,769 | -€98,863 | -2.4% |
| Current assets | 29/58 | €1,372,767 | €1,444,205 | +€71,439 | +5.2% |
| Amounts receivable within one year | 40/41 | €1,372,275 | €1,437,278 | +€65,003 | +4.7% |
| Other amounts receivable | 41 | €1,372,275 | €1,437,278 | +€65,003 | +4.7% |
| Cash at bank and in hand | 54/58 | €491 | €6,340 | +€5,849 | +1190.0% |
| Deferred charges and accrued income | 490/1 | - | €587 | +€587 | |
| Total equity and liabilities | 10/49 | €5,570,399 | €5,542,974 | -€27,425 | -0.5% |
| Equity | 10/15 | €5,336,746 | €5,299,454 | -€37,292 | -0.7% |
| Contributions | 10/11 | €4,490,800 | €4,490,800 | = | 0.0% |
| Reserves | 13 | €713,055 | €691,692 | -€21,363 | -3.0% |
| Non-distributable reserves | 130/1 | €22,600 | €22,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,600 | €22,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €690,455 | €669,092 | -€21,363 | -3.1% |
| Profit (loss) carried forward | 14 | €132,891 | €116,962 | -€15,929 | -12.0% |
| Provisions and deferred taxes | 16 | €230,152 | €223,031 | -€7,121 | -3.1% |
| Deferred taxes | 168 | €230,152 | €223,031 | -€7,121 | -3.1% |
| Amounts payable | 17/49 | €3,501 | €20,489 | +€16,988 | +485.2% |
| Amounts payable within one year | 42/48 | €3,501 | €20,489 | +€16,988 | +485.2% |
| Trade debts | 44 | €2,914 | €20,489 | +€17,575 | +603.2% |
| Suppliers | 440/4 | €2,914 | €20,489 | +€17,575 | +603.2% |
| Taxes, remuneration and social security | 45 | €587 | - | -€587 | |
| Taxes | 450/3 | €587 | - | -€587 | |
| Non-recurring operating income | 76A | €473 | - | -€473 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,413 | €103,875 | +€33,461 | +47.5% |
| Other operating charges | 640/8 | €5,171 | €9,064 | +€3,893 | +75.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €7,779 | €11,914 | +€4,135 | +53.2% |
| Operating profit (loss) | 9901 | -€67,806 | -€101,025 | -€33,220 | -49.0% |
| Financial income | 75/76B | €52,813 | €56,818 | +€4,005 | +7.6% |
| Recurring financial income | 75 | €52,813 | €56,818 | +€4,005 | +7.6% |
| Financial charges | 65/66B | €152 | €206 | +€54 | +35.3% |
| Recurring financial charges | 65 | €152 | €206 | +€54 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,145 | -€44,413 | -€29,268 | -193.3% |
| Transfer from deferred taxes | 780 | - | €7,121 | +€7,121 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€15,145 | -€37,292 | -€22,147 | -146.2% |
| Transfer from tax-exempt reserves | 789 | €19,353 | €21,363 | +€2,009 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,209 | -€15,929 | -€20,138 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.