GANTIS: 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.
GANTIS
Largest movements
- Receivables within one year -€129,826
down €129,826 (-89.4%), from €145,196 to €15,370
of which Trade receivables: -€119,639
- Receivables after one year +€105,000
new in 2024: €105,000
- Tangible fixed assets +€55,998
up €55,998 (+8.9%), from €629,025 to €685,023
of which Furniture and vehicles: +€77,919
- Cash +€24,144
up €24,144 (+170.1%), from €14,194 to €38,338
mainly Current portion of long-term debt (+€169,182) and Receivables within one year (+€129,826)
- Current portion of long-term debt +€169,182
up €169,182 (+147.6%), from €114,587 to €283,769
- Trade debts -€113,748
down €113,748 (-90.6%), from €125,549 to €11,801
- Debts after one year -€61,918
down €61,918 (-45.7%), from €135,413 to €73,495
- Tax, wage and social debts +€27,241
up €27,241 (+57.0%), from €47,827 to €75,068
of which Taxes: +€29,741
- Reserves +€25,000
up €25,000 (+3.8%), from €663,360 to €688,360
of which Distributable reserves: +€25,000
- Depreciation -€29,793
down €29,793 (-32.2%), from €92,615 to €62,822
- Gross operating margin -€27,710
down €27,710 (-16.0%), from €173,170 to €145,460
- Financial charges +€12,299
up €12,299 (+104.1%), from €11,809 to €24,109
- Other operating charges -€11,876
down €11,876 (-62.4%), from €19,027 to €7,151
- Taxes +€3,896
up €3,896 (+15.2%), from €25,617 to €29,512
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 | €1,768,096 | €1,825,219 | +€57,122 | +3.2% |
| Fixed assets | 21/28 | €1,598,083 | €1,654,081 | +€55,998 | +3.5% |
| Tangible fixed assets | 22/27 | €629,025 | €685,023 | +€55,998 | +8.9% |
| Land and buildings | 22 | €569,938 | €551,729 | -€18,208 | -3.2% |
| Plant, machinery and equipment | 23 | €22,558 | €18,846 | -€3,713 | -16.5% |
| Furniture and vehicles | 24 | €36,529 | €114,448 | +€77,919 | +213.3% |
| Financial fixed assets | 28 | €969,058 | €969,058 | = | 0.0% |
| Current assets | 29/58 | €170,014 | €171,138 | +€1,124 | +0.7% |
| Amounts receivable after more than one year | 29 | - | €105,000 | +€105,000 | |
| Other amounts receivable | 291 | - | €105,000 | +€105,000 | |
| Amounts receivable within one year | 40/41 | €145,196 | €15,370 | -€129,826 | -89.4% |
| Trade receivables | 40 | €131,732 | €12,093 | -€119,639 | -90.8% |
| Other amounts receivable | 41 | €13,465 | €3,277 | -€10,187 | -75.7% |
| Current investments | 50/53 | €5,702 | €5,702 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,194 | €38,338 | +€24,144 | +170.1% |
| Deferred charges and accrued income | 490/1 | €4,921 | €6,727 | +€1,806 | +36.7% |
| Total equity and liabilities | 10/49 | €1,768,096 | €1,825,219 | +€57,122 | +3.2% |
| Equity | 10/15 | €1,305,410 | €1,330,557 | +€25,147 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €663,360 | €688,360 | +€25,000 | +3.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €624,000 | €649,000 | +€25,000 | +4.0% |
| Profit (loss) carried forward | 14 | €623,450 | €623,597 | +€147 | 0.0% |
| Amounts payable | 17/49 | €462,686 | €494,662 | +€31,975 | +6.9% |
| Amounts payable after more than one year | 17 | €135,413 | €73,495 | -€61,918 | -45.7% |
| Financial debts | 170/4 | €135,413 | €73,495 | -€61,918 | -45.7% |
| Amounts payable within one year | 42/48 | €326,458 | €421,167 | +€94,709 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €114,587 | €283,769 | +€169,182 | +147.6% |
| Trade debts | 44 | €125,549 | €11,801 | -€113,748 | -90.6% |
| Suppliers | 440/4 | €125,549 | €11,801 | -€113,748 | -90.6% |
| Taxes, remuneration and social security | 45 | €47,827 | €75,068 | +€27,241 | +57.0% |
| Taxes | 450/3 | €45,327 | €75,068 | +€29,741 | +65.6% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €38,496 | €50,529 | +€12,033 | +31.3% |
| Accrued charges and deferred income | 492/3 | €815 | - | -€815 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,615 | €62,822 | -€29,793 | -32.2% |
| Other operating charges | 640/8 | €19,027 | €7,151 | -€11,876 | -62.4% |
| Gross operating margin | 9900 | €173,170 | €145,460 | -€27,710 | -16.0% |
| Operating profit (loss) | 9901 | €61,529 | €75,488 | +€13,959 | +22.7% |
| Financial income | 75/76B | €10 | €3,280 | +€3,270 | +31682.9% |
| Recurring financial income | 75 | €10 | €3,280 | +€3,270 | +31682.9% |
| Financial charges | 65/66B | €11,809 | €24,109 | +€12,299 | +104.1% |
| Recurring financial charges | 65 | €11,809 | €24,109 | +€12,299 | +104.1% |
| Profit (loss) for the period before taxes | 9903 | €49,730 | €54,659 | +€4,929 | +9.9% |
| Income taxes | 67/77 | €25,617 | €29,512 | +€3,896 | +15.2% |
| Profit (loss) for the period | 9904 | €24,113 | €25,147 | +€1,034 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,113 | €25,147 | +€1,034 | +4.3% |
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 29 September 2026 via checked.be.