GAIDAENCO: 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.
GAIDAENCO
Largest movements
- Receivables within one year +€9,611
up €9,611 (+3.2%), from €298,476 to €308,087
of which Other amounts receivable: +€114,904
- Tangible fixed assets -€4,878
down €4,878 (-4.0%), from €121,680 to €116,802
of which Furniture and vehicles: -€3,100
- Trade debts -€82,432
down €82,432 (-71.2%), from €115,741 to €33,309
- Tax, wage and social debts +€73,530
up €73,530 (+267%), from €27,570 to €101,100
of which Taxes: +€75,588
- Profit (loss) carried forward +€22,200
up €22,200 (+9.4%), from €235,291 to €257,491
- Debts after one year -€19,693
down €19,693 (-28.6%), from €68,933 to €49,240
- Current portion of long-term debt +€10,498
up €10,498 (+50.6%), from €20,744 to €31,242
- Gross operating margin -€112,592
down €112,592 (-42.8%), from €263,266 to €150,674
- Taxes +€29,204
new in 2024: €29,204
- Depreciation +€11,064
up €11,064 (+36.8%), from €30,035 to €41,099
- Financial charges -€8,352
down €8,352 (-68.5%), from €12,200 to €3,848
- Other operating charges +€3,577
up €3,577 (+69.3%), from €5,164 to €8,741
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.
Derived cash bridge
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 | €471,192 | €474,382 | +€3,190 | +0.7% |
| Fixed assets | 21/28 | €124,880 | €120,002 | -€4,878 | -3.9% |
| Tangible fixed assets | 22/27 | €121,680 | €116,802 | -€4,878 | -4.0% |
| Plant, machinery and equipment | 23 | €38,268 | €36,490 | -€1,778 | -4.6% |
| Furniture and vehicles | 24 | €83,412 | €80,312 | -€3,100 | -3.7% |
| Financial fixed assets | 28 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €346,312 | €354,380 | +€8,068 | +2.3% |
| Amounts receivable within one year | 40/41 | €298,476 | €308,087 | +€9,611 | +3.2% |
| Trade receivables | 40 | €262,490 | €157,197 | -€105,293 | -40.1% |
| Other amounts receivable | 41 | €35,986 | €150,890 | +€114,904 | +319% |
| Cash at bank and in hand | 54/58 | €45,586 | €43,776 | -€1,810 | -4.0% |
| Deferred charges and accrued income | 490/1 | €2,250 | €2,517 | +€267 | +11.9% |
| Total equity and liabilities | 10/49 | €471,192 | €474,382 | +€3,190 | +0.7% |
| Equity | 10/15 | €237,291 | €259,491 | +€22,200 | +9.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,291 | €257,491 | +€22,200 | +9.4% |
| Amounts payable | 17/49 | €233,901 | €214,891 | -€19,010 | -8.1% |
| Amounts payable after more than one year | 17 | €68,933 | €49,240 | -€19,693 | -28.6% |
| Financial debts | 170/4 | €68,933 | €49,240 | -€19,693 | -28.6% |
| Amounts payable within one year | 42/48 | €164,968 | €165,651 | +€683 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €20,744 | €31,242 | +€10,498 | +50.6% |
| Trade debts | 44 | €115,741 | €33,309 | -€82,432 | -71.2% |
| Suppliers | 440/4 | €115,741 | €33,309 | -€82,432 | -71.2% |
| Taxes, remuneration and social security | 45 | €27,570 | €101,100 | +€73,530 | +267% |
| Taxes | 450/3 | €112 | €75,700 | +€75,588 | +67,489% |
| Remuneration and social security | 454/9 | €27,458 | €25,400 | -€2,058 | -7.5% |
| Other amounts payable | 47/48 | €913 | - | -€913 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,035 | €41,099 | +€11,064 | +36.8% |
| Other operating charges | 640/8 | €5,164 | €8,741 | +€3,577 | +69.3% |
| Non-recurring operating charges | 66A | €70 | - | -€70 | |
| Gross operating margin | 9900 | €263,266 | €150,674 | -€112,592 | -42.8% |
| Operating profit (loss) | 9901 | €227,997 | €100,834 | -€127,163 | -55.8% |
| Financial income | 75/76B | - | €55 | +€55 | |
| Recurring financial income | 75 | - | €55 | +€55 | |
| Financial charges | 65/66B | €12,200 | €3,848 | -€8,352 | -68.5% |
| Recurring financial charges | 65 | €12,200 | €3,848 | -€8,352 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | €215,797 | €97,041 | -€118,756 | -55.0% |
| Income taxes | 67/77 | - | €29,204 | +€29,204 | |
| Profit (loss) for the period | 9904 | €215,797 | €67,837 | -€147,960 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €215,797 | €67,837 | -€147,960 | -68.6% |
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 24 October 2026 via checked.be.