GANOP: 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.
GANOP
Largest movements
- Cash +€15,583
up €15,583 (+8.1%), from €192,085 to €207,668
mainly Net result for the year (+€62,244) and Depreciation (+€23,181)
- Stocks and contracts -€5,093
down €5,093 (-6.9%), from €74,088 to €68,995
- Reserves +€43,987
up €43,987 (+35.3%), from €124,763 to €168,750
- Debts after one year -€20,260
down €20,260 (-54.3%), from €37,283 to €17,023
- Other debts -€17,193
down €17,193 (-40.9%), from €42,074 to €24,881
- Tax, wage and social debts +€11,393
up €11,393 (+33.4%), from €34,062 to €45,456
of which Remuneration and social security: +€10,406
- Turnover +€518,047
new in 2024: €518,047
- Purchases and services +€298,715
new in 2024: €298,715
- Gross operating margin +€67,449
up €67,449 (+44.4%), from €151,883 to €219,331
- Write-downs +€15,273
up €15,273 (+3395.2%), from €450 to €15,723
- Taxes +€12,513
up €12,513 (+77.3%), from €16,184 to €28,697
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 | €378,879 | €394,445 | +€15,566 | +4.1% |
| Fixed assets | 21/28 | €99,709 | €101,377 | +€1,668 | +1.7% |
| Tangible fixed assets | 22/27 | €99,684 | €101,352 | +€1,668 | +1.7% |
| Land and buildings | 22 | €83,426 | €78,799 | -€4,627 | -5.5% |
| Plant, machinery and equipment | 23 | €15,647 | €16,236 | +€589 | +3.8% |
| Furniture and vehicles | 24 | €611 | €6,317 | +€5,707 | +934.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €279,170 | €293,068 | +€13,898 | +5.0% |
| Stocks and contracts in progress | 3 | €74,088 | €68,995 | -€5,093 | -6.9% |
| Stocks | 30/36 | €74,088 | €68,995 | -€5,093 | -6.9% |
| Amounts receivable within one year | 40/41 | - | €824 | +€824 | |
| Trade receivables | 40 | - | €824 | +€824 | |
| Cash at bank and in hand | 54/58 | €192,085 | €207,668 | +€15,583 | +8.1% |
| Deferred charges and accrued income | 490/1 | €12,998 | €15,582 | +€2,584 | +19.9% |
| Total equity and liabilities | 10/49 | €378,879 | €394,445 | +€15,566 | +4.1% |
| Equity | 10/15 | €227,600 | €271,587 | +€43,987 | +19.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | - | €12,400 | +€12,400 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €124,763 | €168,750 | +€43,987 | +35.3% |
| Distributable reserves | 133 | €124,763 | €168,750 | +€43,987 | +35.3% |
| Profit (loss) carried forward | 14 | €90,437 | €90,437 | = | 0.0% |
| Amounts payable | 17/49 | €151,280 | €122,859 | -€28,421 | -18.8% |
| Amounts payable after more than one year | 17 | €37,283 | €17,023 | -€20,260 | -54.3% |
| Financial debts | 170/4 | €37,283 | €17,023 | -€20,260 | -54.3% |
| Amounts payable within one year | 42/48 | €109,520 | €103,129 | -€6,391 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €19,883 | €20,260 | +€377 | +1.9% |
| Trade debts | 44 | €13,502 | €12,533 | -€968 | -7.2% |
| Suppliers | 440/4 | €13,502 | €12,533 | -€968 | -7.2% |
| Taxes, remuneration and social security | 45 | €34,062 | €45,456 | +€11,393 | +33.4% |
| Taxes | 450/3 | €24,500 | €25,487 | +€987 | +4.0% |
| Remuneration and social security | 454/9 | €9,562 | €19,969 | +€10,406 | +108.8% |
| Other amounts payable | 47/48 | €42,074 | €24,881 | -€17,193 | -40.9% |
| Accrued charges and deferred income | 492/3 | €4,476 | €2,706 | -€1,770 | -39.5% |
| Turnover | 70 | - | €518,047 | +€518,047 | |
| Non-recurring operating income | 76A | - | €5,614 | +€5,614 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €298,715 | +€298,715 | |
| Remuneration, social security and pensions | 62 | €81,732 | €83,606 | +€1,874 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,872 | €23,181 | +€3,308 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €450 | €15,723 | +€15,273 | +3395.2% |
| Other operating charges | 640/8 | €3,737 | €4,327 | +€590 | +15.8% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €151,883 | €219,331 | +€67,449 | +44.4% |
| Operating profit (loss) | 9901 | €46,091 | €92,494 | +€46,403 | +100.7% |
| Financial income | 75/76B | €722 | €886 | +€164 | +22.7% |
| Recurring financial income | 75 | €722 | €886 | +€164 | +22.7% |
| Financial charges | 65/66B | €2,777 | €2,439 | -€338 | -12.2% |
| Recurring financial charges | 65 | €2,777 | €2,439 | -€338 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €44,037 | €90,941 | +€46,904 | +106.5% |
| Income taxes | 67/77 | €16,184 | €28,697 | +€12,513 | +77.3% |
| Profit (loss) for the period | 9904 | €27,853 | €62,244 | +€34,392 | +123.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,853 | €62,244 | +€34,392 | +123.5% |
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 3 October 2026 via checked.be.