GAB86: what changed
GAB86
Largest movements
- Stocks and contracts -€79,658
down €79,658 (-17.5%), from €454,542 to €374,884
- Tangible fixed assets -€48,006
down €48,006 (-47.3%), from €101,515 to €53,508
of which Plant, machinery and equipment: -€46,557
- Cash -€42,600
down €42,600 (-71.7%), from €59,437 to €16,837
mainly Other debts (-€242,924) and Net result for the year (-€190,342)
- Receivables within one year +€11,497
up €11,497 (+2.9%), from €403,040 to €414,538
of which Trade receivables: +€8,906
- Other debts -€242,924
down €242,924 (-67.3%), from €360,863 to €117,939
- Profit (loss) carried forward -€190,342
down €190,342 (-20.1%), from -€948,831 to -€1.1m
- Tax, wage and social debts +€165,218
up €165,218 (+150%), from €110,049 to €275,266
of which Taxes: +€162,548
- Trade debts +€164,052
up €164,052 (+36.3%), from €451,867 to €615,919
- Debts after one year -€39,646
down €39,646 (-49.6%), from €79,961 to €40,315
- Turnover -€513,387
down €513,387 (-20.4%), from €2.5m to €2.0m
- Purchases and services -€497,871
down €497,871 (-23.1%), from €2.2m to €1.7m
- Staff costs -€38,517
down €38,517 (-8.3%), from €465,593 to €427,076
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 | €1,049,422 | €894,768 | -€154,654 | -14.7% |
| Fixed assets | 21/28 | €114,469 | €66,462 | -€48,006 | -41.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €101,515 | €53,508 | -€48,006 | -47.3% |
| Plant, machinery and equipment | 23 | €100,046 | €53,488 | -€46,557 | -46.5% |
| Furniture and vehicles | 24 | €1,469 | €20 | -€1,449 | -98.7% |
| Financial fixed assets | 28 | €12,954 | €12,954 | = | 0.0% |
| Current assets | 29/58 | €934,953 | €828,305 | -€106,648 | -11.4% |
| Stocks and contracts in progress | 3 | €454,542 | €374,884 | -€79,658 | -17.5% |
| Stocks | 30/36 | €454,542 | €374,884 | -€79,658 | -17.5% |
| Amounts receivable within one year | 40/41 | €403,040 | €414,538 | +€11,497 | +2.9% |
| Trade receivables | 40 | €391,040 | €399,947 | +€8,906 | +2.3% |
| Other amounts receivable | 41 | €12,000 | €14,591 | +€2,591 | +21.6% |
| Cash at bank and in hand | 54/58 | €59,437 | €16,837 | -€42,600 | -71.7% |
| Deferred charges and accrued income | 490/1 | €17,934 | €22,047 | +€4,113 | +22.9% |
| Total equity and liabilities | 10/49 | €1,049,422 | €894,768 | -€154,654 | -14.7% |
| Equity | 10/15 | -€30,231 | -€220,572 | -€190,342 | -630% |
| Contributions | 10/11 | €918,600 | €918,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€948,831 | -€1,139,172 | -€190,342 | -20.1% |
| Amounts payable | 17/49 | €1,079,653 | €1,115,340 | +€35,687 | +3.3% |
| Amounts payable after more than one year | 17 | €79,961 | €40,315 | -€39,646 | -49.6% |
| Financial debts | 170/4 | €79,961 | €40,315 | -€39,646 | -49.6% |
| Amounts payable within one year | 42/48 | €999,692 | €1,074,593 | +€74,902 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €76,913 | €65,469 | -€11,444 | -14.9% |
| Trade debts | 44 | €451,867 | €615,919 | +€164,052 | +36.3% |
| Suppliers | 440/4 | €451,867 | €615,919 | +€164,052 | +36.3% |
| Taxes, remuneration and social security | 45 | €110,049 | €275,266 | +€165,218 | +150% |
| Taxes | 450/3 | €65,076 | €227,624 | +€162,548 | +250% |
| Remuneration and social security | 454/9 | €44,973 | €47,643 | +€2,670 | +5.9% |
| Other amounts payable | 47/48 | €360,863 | €117,939 | -€242,924 | -67.3% |
| Accrued charges and deferred income | 492/3 | - | €432 | +€432 | |
| Turnover | 70 | €2,513,189 | €1,999,801 | -€513,387 | -20.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,156,071 | €1,658,200 | -€497,871 | -23.1% |
| Remuneration, social security and pensions | 62 | €465,593 | €427,076 | -€38,517 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,369 | €48,006 | -€24,363 | -33.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,160 | +€4,160 | |
| Other operating charges | 640/8 | €3,610 | €18,229 | +€14,619 | +405% |
| Gross operating margin | 9900 | €357,118 | €341,602 | -€15,516 | -4.3% |
| Operating profit (loss) | 9901 | -€184,455 | -€155,870 | +€28,585 | +15.5% |
| Financial income | 75/76B | €258 | €210 | -€48 | -18.4% |
| Recurring financial income | 75 | €258 | €210 | -€48 | -18.4% |
| Financial charges | 65/66B | €17,507 | €34,380 | +€16,873 | +96.4% |
| Recurring financial charges | 65 | €17,507 | €34,380 | +€16,873 | +96.4% |
| Profit (loss) for the period before taxes | 9903 | -€201,703 | -€190,040 | +€11,664 | +5.8% |
| Income taxes | 67/77 | €172 | €302 | +€130 | +75.9% |
| Profit (loss) for the period | 9904 | -€201,875 | -€190,342 | +€11,533 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€201,875 | -€190,342 | +€11,533 | +5.7% |
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 7 November 2026 via checked.be.