GaAs: 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.
GaAs
Largest movements
- Receivables after one year +€15,000
up €15,000 (+42.9%), from €35,000 to €50,000
- Cash -€13,120
down €13,120 (-84.7%), from €15,482 to €2,361
mainly Net result for the year (-€24,513) and Receivables after one year (-€15,000)
- Receivables within one year -€10,051
down €10,051 (-23.5%), from €42,679 to €32,628
of which Trade receivables: -€13,097
- Tangible fixed assets -€2,749
down €2,749 (-13.6%), from €20,243 to €17,494
of which Furniture and vehicles: -€3,100
- Profit (loss) carried forward -€24,513
new in 2024: -€24,513
- Tax, wage and social debts +€19,236
up €19,236 (+93.8%), from €20,505 to €39,741
of which Remuneration and social security: +€15,408
- Other debts -€5,487
no longer reported in 2024 (was €5,487)
- Trade debts +€4,600
up €4,600 (+78.8%), from €5,838 to €10,438
- Debts after one year -€3,953
down €3,953 (-48.9%), from €8,077 to €4,124
- Staff costs +€61,865
up €61,865 (+153.6%), from €40,283 to €102,148
- Taxes -€9,545
down €9,545 (-100.0%), from €9,545 to €0
- Gross operating margin -€6,391
down €6,391 (-7.1%), from €90,178 to €83,787
- Depreciation +€1,248
up €1,248 (+33.8%), from €3,693 to €4,941
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 | €115,403 | €104,789 | -€10,613 | -9.2% |
| Fixed assets | 21/28 | €20,243 | €17,494 | -€2,749 | -13.6% |
| Tangible fixed assets | 22/27 | €20,243 | €17,494 | -€2,749 | -13.6% |
| Land and buildings | 22 | - | €2,161 | +€2,161 | |
| Plant, machinery and equipment | 23 | €8,269 | €6,460 | -€1,809 | -21.9% |
| Furniture and vehicles | 24 | €11,974 | €8,874 | -€3,100 | -25.9% |
| Current assets | 29/58 | €95,160 | €87,295 | -€7,865 | -8.3% |
| Amounts receivable after more than one year | 29 | €35,000 | €50,000 | +€15,000 | +42.9% |
| Other amounts receivable | 291 | €35,000 | €50,000 | +€15,000 | +42.9% |
| Amounts receivable within one year | 40/41 | €42,679 | €32,628 | -€10,051 | -23.5% |
| Trade receivables | 40 | €38,619 | €25,522 | -€13,097 | -33.9% |
| Other amounts receivable | 41 | €4,060 | €7,106 | +€3,046 | +75.0% |
| Cash at bank and in hand | 54/58 | €15,482 | €2,361 | -€13,120 | -84.7% |
| Deferred charges and accrued income | 490/1 | €2,000 | €2,306 | +€306 | +15.3% |
| Total equity and liabilities | 10/49 | €115,403 | €104,789 | -€10,613 | -9.2% |
| Equity | 10/15 | €71,046 | €46,533 | -€24,513 | -34.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €67,546 | €67,546 | = | 0.0% |
| Distributable reserves | 133 | €67,546 | €67,546 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€24,513 | -€24,513 | |
| Amounts payable | 17/49 | €44,357 | €58,256 | +€13,899 | +31.3% |
| Amounts payable after more than one year | 17 | €8,077 | €4,124 | -€3,953 | -48.9% |
| Financial debts | 170/4 | €8,077 | €4,124 | -€3,953 | -48.9% |
| Amounts payable within one year | 42/48 | €36,280 | €54,132 | +€17,852 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | €4,450 | €3,953 | -€497 | -11.2% |
| Trade debts | 44 | €5,838 | €10,438 | +€4,600 | +78.8% |
| Suppliers | 440/4 | €5,838 | €10,438 | +€4,600 | +78.8% |
| Taxes, remuneration and social security | 45 | €20,505 | €39,741 | +€19,236 | +93.8% |
| Taxes | 450/3 | €13,890 | €17,718 | +€3,828 | +27.6% |
| Remuneration and social security | 454/9 | €6,615 | €22,023 | +€15,408 | +232.9% |
| Other amounts payable | 47/48 | €5,487 | - | -€5,487 | |
| Remuneration, social security and pensions | 62 | €40,283 | €102,148 | +€61,865 | +153.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,693 | €4,941 | +€1,248 | +33.8% |
| Other operating charges | 640/8 | €586 | €352 | -€234 | -39.9% |
| Gross operating margin | 9900 | €90,178 | €83,787 | -€6,391 | -7.1% |
| Operating profit (loss) | 9901 | €45,615 | -€23,655 | -€69,270 | |
| Financial income | 75/76B | €638 | €953 | +€316 | +49.5% |
| Recurring financial income | 75 | €638 | €953 | +€316 | +49.5% |
| Financial charges | 65/66B | €1,903 | €1,811 | -€92 | -4.8% |
| Recurring financial charges | 65 | €1,903 | €1,811 | -€92 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €44,350 | -€24,513 | -€68,862 | |
| Income taxes | 67/77 | €9,545 | €0 | -€9,545 | -100.0% |
| Profit (loss) for the period | 9904 | €34,805 | -€24,513 | -€59,317 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,805 | -€24,513 | -€59,317 |
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 8 October 2026 via checked.be.