GA RENOVATION: what changed
GA RENOVATION
Largest movements
- Receivables within one year -€10,852
down €10,852 (-22.9%), from €47,326 to €36,474
of which Trade receivables: -€11,960
- Tangible fixed assets -€1,149
no longer reported in 2024 (was €1,149)
- Cash +€527
new in 2024: €527
mainly Receivables within one year (+€10,852) and Tax, wage and social debts (+€3,450)
- Other debts -€11,060
down €11,060 (-47.4%), from €23,329 to €12,269
- Profit (loss) carried forward -€3,725
new in 2024: -€3,725
- Tax, wage and social debts +€3,450
up €3,450 (+90.9%), from €3,794 to €7,244
of which Remuneration and social security: +€3,450
- Purchases and services +€22,881
new in 2024: €22,881
- Gross operating margin -€22,130
down €22,130, from €19,607 to -€2,524
- Turnover +€20,357
new in 2024: €20,357
- Depreciation -€2,938
down €2,938 (-71.9%), from €4,088 to €1,149
- Other operating charges -€849
down €849 (-97.5%), from €871 to €22
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,475 | €37,001 | -€11,474 | -23.7% |
| Fixed assets | 21/28 | €1,149 | - | -€1,149 | |
| Tangible fixed assets | 22/27 | €1,149 | - | -€1,149 | |
| Furniture and vehicles | 24 | €1,149 | - | -€1,149 | |
| Current assets | 29/58 | €47,326 | €37,001 | -€10,325 | -21.8% |
| Amounts receivable within one year | 40/41 | €47,326 | €36,474 | -€10,852 | -22.9% |
| Trade receivables | 40 | €45,839 | €33,878 | -€11,960 | -26.1% |
| Other amounts receivable | 41 | €1,487 | €2,595 | +€1,108 | +74.5% |
| Cash at bank and in hand | 54/58 | - | €527 | +€527 | |
| Total equity and liabilities | 10/49 | €48,475 | €37,001 | -€11,474 | -23.7% |
| Equity | 10/15 | €21,213 | €17,488 | -€3,725 | -17.6% |
| Reserves | 13 | €21,213 | €21,213 | = | 0.0% |
| Distributable reserves | 133 | €21,213 | €21,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,725 | -€3,725 | |
| Amounts payable | 17/49 | €27,262 | €19,513 | -€7,749 | -28.4% |
| Amounts payable within one year | 42/48 | €27,262 | €19,513 | -€7,749 | -28.4% |
| Financial debts | 43 | €139 | - | -€139 | |
| Credit institutions | 430/8 | €139 | - | -€139 | |
| Taxes, remuneration and social security | 45 | €3,794 | €7,244 | +€3,450 | +90.9% |
| Taxes | 450/3 | €3,794 | €3,794 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €3,450 | +€3,450 | |
| Other amounts payable | 47/48 | €23,329 | €12,269 | -€11,060 | -47.4% |
| Turnover | 70 | - | €20,357 | +€20,357 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €22,881 | +€22,881 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,088 | €1,149 | -€2,938 | -71.9% |
| Other operating charges | 640/8 | €871 | €22 | -€849 | -97.5% |
| Gross operating margin | 9900 | €19,607 | -€2,524 | -€22,130 | |
| Operating profit (loss) | 9901 | €14,648 | -€3,694 | -€18,343 | |
| Financial charges | 65/66B | €45 | €31 | -€14 | -31.5% |
| Recurring financial charges | 65 | €45 | €31 | -€14 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €14,603 | -€3,725 | -€18,329 | |
| Income taxes | 67/77 | €812 | - | -€812 | |
| Profit (loss) for the period | 9904 | €13,792 | -€3,725 | -€17,517 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,792 | -€3,725 | -€17,517 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.