G2G: 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.
G2G
Largest movements
- Cash -€10,086
down €10,086 (-81.4%), from €12,385 to €2,299
mainly Debts after one year (-€59,483) and Investment in fixed assets (net) (-€11,716)
- Receivables within one year +€8,242
up €8,242 (+5.0%), from €166,401 to €174,643
of which Trade receivables: +€7,177
- Tangible fixed assets -€6,117
down €6,117 (-27.2%), from €22,493 to €16,376
- Deferred charges and accrued income +€5,613
up €5,613 (+47.2%), from €11,886 to €17,499
- Debts after one year -€59,483
down €59,483 (-42.9%), from €138,655 to €79,172
of which Trade debts: -€66,384
- Trade debts +€42,069
up €42,069 (+30.3%), from €138,770 to €180,839
- Other debts +€21,249
new in 2024: €21,249
- Profit (loss) carried forward +€6,121
up €6,121 (+5.3%), from -€115,806 to -€109,685
- Tax, wage and social debts -€5,598
down €5,598 (-27.5%), from €20,370 to €14,772
of which Taxes: -€4,697
- Financial charges +€8,786
up €8,786 (+66.2%), from €13,277 to €22,063
- Gross operating margin +€5,987
up €5,987 (+4.5%), from €132,396 to €138,383
- Staff costs -€4,149
down €4,149 (-4.5%), from €91,778 to €87,629
- Financial income -€2,936
down €2,936 (-100.0%), from €2,937 to €1
- Depreciation -€1,486
down €1,486 (-6.9%), from €21,545 to €20,059
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 | €517,921 | €516,008 | -€1,913 | -0.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €66,866 | €58,523 | -€8,343 | -12.5% |
| Intangible fixed assets | 21 | €44,373 | €42,147 | -€2,226 | -5.0% |
| Tangible fixed assets | 22/27 | €22,493 | €16,376 | -€6,117 | -27.2% |
| Plant, machinery and equipment | 23 | €17,449 | €15,288 | -€2,161 | -12.4% |
| Furniture and vehicles | 24 | €1,385 | €188 | -€1,197 | -86.4% |
| Leasing and similar rights | 25 | €2,359 | €0 | -€2,359 | -100.0% |
| Other tangible fixed assets | 26 | €1,300 | €900 | -€400 | -30.8% |
| Current assets | 29/58 | €451,056 | €457,485 | +€6,429 | +1.4% |
| Amounts receivable after more than one year | 29 | €10,145 | €10,145 | +€0 | 0.0% |
| Other amounts receivable | 291 | €10,145 | €10,145 | +€0 | 0.0% |
| Stocks and contracts in progress | 3 | €250,238 | €252,899 | +€2,661 | +1.1% |
| Stocks | 30/36 | €250,238 | €252,899 | +€2,661 | +1.1% |
| Amounts receivable within one year | 40/41 | €166,401 | €174,643 | +€8,242 | +5.0% |
| Trade receivables | 40 | €163,149 | €170,326 | +€7,177 | +4.4% |
| Other amounts receivable | 41 | €3,252 | €4,317 | +€1,065 | +32.7% |
| Cash at bank and in hand | 54/58 | €12,385 | €2,299 | -€10,086 | -81.4% |
| Deferred charges and accrued income | 490/1 | €11,886 | €17,499 | +€5,613 | +47.2% |
| Total equity and liabilities | 10/49 | €517,921 | €516,008 | -€1,913 | -0.4% |
| Equity | 10/15 | €36,194 | €42,315 | +€6,121 | +16.9% |
| Contributions | 10/11 | €152,000 | €152,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,806 | -€109,685 | +€6,121 | +5.3% |
| Amounts payable | 17/49 | €481,728 | €473,693 | -€8,035 | -1.7% |
| Amounts payable after more than one year | 17 | €138,655 | €79,172 | -€59,483 | -42.9% |
| Financial debts | 170/4 | €29,883 | €24,784 | -€5,099 | -17.1% |
| Trade debts | 175 | €108,772 | €42,388 | -€66,384 | -61.0% |
| Other amounts payable | 178/9 | - | €12,000 | +€12,000 | |
| Amounts payable within one year | 42/48 | €341,672 | €394,521 | +€52,849 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €12,864 | €8,900 | -€3,964 | -30.8% |
| Financial debts | 43 | €169,668 | €168,761 | -€907 | -0.5% |
| Credit institutions | 430/8 | €169,668 | €168,761 | -€907 | -0.5% |
| Trade debts | 44 | €138,770 | €180,839 | +€42,069 | +30.3% |
| Suppliers | 440/4 | €138,770 | €180,839 | +€42,069 | +30.3% |
| Taxes, remuneration and social security | 45 | €20,370 | €14,772 | -€5,598 | -27.5% |
| Taxes | 450/3 | €12,836 | €8,139 | -€4,697 | -36.6% |
| Remuneration and social security | 454/9 | €7,534 | €6,633 | -€901 | -12.0% |
| Other amounts payable | 47/48 | - | €21,249 | +€21,249 | |
| Accrued charges and deferred income | 492/3 | €1,400 | €0 | -€1,400 | -100.0% |
| Remuneration, social security and pensions | 62 | €91,778 | €87,629 | -€4,149 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,545 | €20,059 | -€1,486 | -6.9% |
| Other operating charges | 640/8 | €2,568 | €2,262 | -€306 | -11.9% |
| Gross operating margin | 9900 | €132,396 | €138,383 | +€5,987 | +4.5% |
| Operating profit (loss) | 9901 | €16,505 | €28,433 | +€11,928 | +72.3% |
| Financial income | 75/76B | €2,937 | €1 | -€2,936 | -100.0% |
| Recurring financial income | 75 | €2,937 | €1 | -€2,936 | -100.0% |
| Financial charges | 65/66B | €13,277 | €22,063 | +€8,786 | +66.2% |
| Recurring financial charges | 65 | €13,277 | €22,063 | +€8,786 | +66.2% |
| Profit (loss) for the period before taxes | 9903 | €6,165 | €6,371 | +€206 | +3.3% |
| Income taxes | 67/77 | €158 | €250 | +€92 | +57.9% |
| Profit (loss) for the period | 9904 | €6,007 | €6,121 | +€114 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,007 | €6,121 | +€114 | +1.9% |
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 11 October 2026 via checked.be.