GANDA: 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.
What changed
GANDA
NACE 81.100, Combined facilities support activities
financial year 2024 compared with 2023not consecutivefiled annual accounts (NBB)
Net result for the year
-€1.6m
2023 · -€548,529-€1.0m
Equity
€687,668
2023 · €1.6m-€923,070
Cash
€18,704
2023 · €2,656+€16,048
Balance sheet total
€6.9m
2023 · €5.5m+€1.4m
Largest movements
Assets
- Tangible fixed assets +€1.3m
up €1.3m (+8,188%), from €16,416 to €1.4m
of which Leasing and similar rights: +€1.2m
Equity and liabilities
- Debts after one year +€2.8m
up €2.8m (+101%), from €2.8m to €5.5m
- Profit (loss) carried forward -€1.6m
down €1.6m (-85.7%), from -€1.8m to -€3.4m
- Contributions +€650,000
up €650,000 (+19.0%), from €3.4m to €4.1m
- Other debts -€483,843
down €483,843 (-75.5%), from €640,572 to €156,729
- Current portion of long-term debt +€80,515
up €80,515 (+52.0%), from €154,739 to €235,254
Income statement
- Financial charges +€1.2m
up €1.2m (+491%), from €250,816 to €1.5m
of which Non-recurring financial charges: +€926,036
- Turnover +€464,768
up €464,768 (+23.3%), from €2.0m to €2.5m
- Other operating charges -€400,825
down €400,825 (-95.6%), from €419,117 to €18,292
- Financial income -€387,707
down €387,707 (-99.2%), from €390,707 to €3,000
of which Non-recurring financial income: -€388,545
- Staff costs +€271,206
up €271,206 (+25.0%), from €1.1m to €1.4m
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.
Result 2023
-€548,529
Turnover
+€464,768
Other operating income
-€14,453
Goods and materials
-€8,023
Services and other goods
-€181,434
Staff costs
-€271,206
Depreciation
+€1,051
Write-downs
+€26,332
Other operating charges
+€400,825
Other operating items
+€177,665
Financial income
-€387,707
Financial charges
-€1.2m
Taxes
+€88
Result 2024
-€1.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,525,518 | €6,916,153 | +€1.4m | +25.2% |
| Fixed assets | 21/28 | €5,303,109 | €6,659,085 | +€1.4m | +25.6% |
| Intangible fixed assets | 21 | - | €11,826 | +€11,826 | |
| Tangible fixed assets | 22/27 | €16,416 | €1,360,625 | +€1.3m | +8,188% |
| Land and buildings | 22 | - | €131,926 | +€131,926 | |
| Furniture and vehicles | 24 | €16,416 | €18,474 | +€2,058 | +12.5% |
| Leasing and similar rights | 25 | €0 | €1,210,226 | +€1.2m | |
| Financial fixed assets | 28 | €5,286,693 | €5,286,633 | -€60 | 0.0% |
| Affiliated companies | 280/1 | €5,286,633 | €5,286,633 | = | 0.0% |
| Participating interests | 280 | €5,236,633 | €5,236,633 | = | 0.0% |
| Amounts receivable | 281 | €50,000 | €50,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €60 | €0 | -€60 | -100% |
| Participating interests | 282 | €60 | €0 | -€60 | -100% |
| Current assets | 29/58 | €222,409 | €257,069 | +€34,660 | +15.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €215,663 | €235,793 | +€20,130 | +9.3% |
| Trade receivables | 40 | €189,715 | €129,763 | -€59,952 | -31.6% |
| Other amounts receivable | 41 | €25,949 | €106,030 | +€80,082 | +309% |
| Cash at bank and in hand | 54/58 | €2,656 | €18,704 | +€16,048 | +604% |
| Deferred charges and accrued income | 490/1 | €4,089 | €2,572 | -€1,518 | -37.1% |
| Total equity and liabilities | 10/49 | €5,525,518 | €6,916,153 | +€1.4m | +25.2% |
| Equity | 10/15 | €1,610,738 | €687,668 | -€923,070 | -57.3% |
| Contributions | 10/11 | €3,428,635 | €4,078,635 | +€650,000 | +19.0% |
| Capital | 10 | €3,428,635 | €4,078,635 | +€650,000 | +19.0% |
| Issued capital | 100 | €3,428,635 | €4,078,635 | +€650,000 | +19.0% |
| Reserves | 13 | €18,618 | €18,618 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,618 | €18,618 | = | 0.0% |
| Legal reserve | 130 | €18,618 | €18,618 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,836,515 | -€3,409,585 | -€1.6m | -85.7% |
| Amounts payable | 17/49 | €3,914,780 | €6,228,485 | +€2.3m | +59.1% |
| Amounts payable after more than one year | 17 | €2,757,131 | €5,548,672 | +€2.8m | +101% |
| Financial debts | 170/4 | €2,757,131 | €5,548,672 | +€2.8m | +101% |
| Subordinated loans | 170 | €1,952,000 | €1,920,750 | -€31,250 | -1.6% |
| Unsubordinated bonds | 171 | - | €650,000 | +€650,000 | |
| Leasing and similar obligations | 172 | - | €1,134,967 | +€1.1m | |
| Credit institutions | 173 | €0 | - | = | |
| Other loans | 174 | €805,131 | €1,842,954 | +€1.0m | +129% |
| Amounts payable within one year | 42/48 | €1,076,433 | €637,683 | -€438,750 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €154,739 | €235,254 | +€80,515 | +52.0% |
| Trade debts | 44 | €96,715 | €111,108 | +€14,393 | +14.9% |
| Suppliers | 440/4 | €96,715 | €111,108 | +€14,393 | +14.9% |
| Taxes, remuneration and social security | 45 | €184,408 | €134,593 | -€49,815 | -27.0% |
| Taxes | 450/3 | €34,606 | €28,483 | -€6,123 | -17.7% |
| Remuneration and social security | 454/9 | €149,802 | €106,110 | -€43,692 | -29.2% |
| Other amounts payable | 47/48 | €640,572 | €156,729 | -€483,843 | -75.5% |
| Accrued charges and deferred income | 492/3 | €81,217 | €42,131 | -€39,086 | -48.1% |
| Operating income | 70/76A | €2,029,605 | €2,481,181 | +€451,575 | +22.2% |
| Turnover | 70 | €1,993,883 | €2,458,651 | +€464,768 | +23.3% |
| Other operating income | 74 | €31,833 | €17,381 | -€14,453 | -45.4% |
| Non-recurring operating income | 76A | €3,889 | €5,149 | +€1,260 | +32.4% |
| Operating charges | 60/66A | €2,715,513 | €2,571,563 | -€143,950 | -5.3% |
| Goods for resale, raw materials and consumables | 60 | €1,618 | €9,640 | +€8,023 | +496% |
| Purchases | 600/8 | €1,618 | €9,640 | +€8,023 | +496% |
| Services and other goods | 61 | €795,678 | €977,112 | +€181,434 | +22.8% |
| Remuneration, social security and pensions | 62 | €1,083,926 | €1,355,132 | +€271,206 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,864 | €17,812 | -€1,051 | -5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,765 | -€18,567 | -€26,332 | |
| Other operating charges | 640/8 | €419,117 | €18,292 | -€400,825 | -95.6% |
| Non-recurring operating charges | 66A | €388,546 | €212,142 | -€176,405 | -45.4% |
| Operating profit (loss) | 9901 | -€685,907 | -€90,382 | +€595,525 | +86.8% |
| Financial income | 75/76B | €390,707 | €3,000 | -€387,707 | -99.2% |
| Recurring financial income | 75 | €2,162 | €3,000 | +€838 | +38.8% |
| Income from financial fixed assets | 750 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Income from current assets | 751 | €162 | €0 | -€162 | -100% |
| Other financial income | 752/9 | €0 | - | = | |
| Non-recurring financial income | 76B | €388,545 | €0 | -€388,545 | -100% |
| Financial charges | 65/66B | €250,816 | €1,483,263 | +€1.2m | +491% |
| Recurring financial charges | 65 | €170,702 | €477,113 | +€306,411 | +180% |
| Debt charges | 650 | €169,322 | €474,914 | +€305,592 | +180% |
| Other financial charges | 652/9 | €1,380 | €2,198 | +€818 | +59.3% |
| Non-recurring financial charges | 66B | €80,114 | €1,006,150 | +€926,036 | +1,156% |
| Profit (loss) for the period before taxes | 9903 | -€546,016 | -€1,570,645 | -€1.0m | -188% |
| Income taxes | 67/77 | €2,513 | €2,425 | -€88 | -3.5% |
| Taxes | 670/3 | €2,513 | €2,425 | -€88 | -3.5% |
| Profit (loss) for the period | 9904 | -€548,529 | -€1,573,070 | -€1.0m | -187% |
| Profit (loss) for the period to be appropriated | 9905 | -€548,529 | -€1,573,070 | -€1.0m | -187% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.