GAP EUROPE: 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.
GAP EUROPE
Largest movements
- Cash -€149,859
down €149,859 (-87.2%), from €171,862 to €22,002
mainly Net result for the year (-€116,763) and Tax, wage and social debts (-€64,166)
- Receivables within one year +€38,823
up €38,823 (+14.7%), from €264,371 to €303,194
of which Other amounts receivable: +€39,428
- Profit (loss) carried forward -€116,763
down €116,763 (-60.1%), from €194,427 to €77,664
- Trade debts +€79,336
up €79,336 (+55.8%), from €142,172 to €221,508
- Tax, wage and social debts -€64,166
down €64,166 (-76.6%), from €83,758 to €19,592
- Other debts -€9,386
no longer reported in 2024 (was €9,386)
- Gross operating margin -€145,914
down €145,914, from €29,980 to -€115,934
- Taxes -€19,856
no longer reported in 2024 (was €19,856)
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 | €438,266 | €327,288 | -€110,978 | -25.3% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €438,016 | €327,038 | -€110,978 | -25.3% |
| Amounts receivable within one year | 40/41 | €264,371 | €303,194 | +€38,823 | +14.7% |
| Trade receivables | 40 | €264,371 | €263,766 | -€605 | -0.2% |
| Other amounts receivable | 41 | - | €39,428 | +€39,428 | |
| Cash at bank and in hand | 54/58 | €171,862 | €22,002 | -€149,859 | -87.2% |
| Deferred charges and accrued income | 490/1 | €1,783 | €1,842 | +€59 | +3.3% |
| Total equity and liabilities | 10/49 | €438,266 | €327,288 | -€110,978 | -25.3% |
| Equity | 10/15 | €202,951 | €86,188 | -€116,763 | -57.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €2,326 | €2,326 | = | 0.0% |
| Distributable reserves | 133 | €2,326 | €2,326 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,427 | €77,664 | -€116,763 | -60.1% |
| Amounts payable | 17/49 | €235,315 | €241,100 | +€5,785 | +2.5% |
| Amounts payable within one year | 42/48 | €235,315 | €241,100 | +€5,785 | +2.5% |
| Trade debts | 44 | €142,172 | €221,508 | +€79,336 | +55.8% |
| Suppliers | 440/4 | €142,172 | €221,508 | +€79,336 | +55.8% |
| Taxes, remuneration and social security | 45 | €83,758 | €19,592 | -€64,166 | -76.6% |
| Taxes | 450/3 | €83,758 | €19,592 | -€64,166 | -76.6% |
| Other amounts payable | 47/48 | €9,386 | - | -€9,386 | |
| Other operating charges | 640/8 | €384 | €780 | +€396 | +103% |
| Gross operating margin | 9900 | €29,980 | -€115,934 | -€145,914 | |
| Operating profit (loss) | 9901 | €29,596 | -€116,714 | -€146,309 | |
| Financial income | 75/76B | - | €259 | +€259 | |
| Recurring financial income | 75 | - | €259 | +€259 | |
| Financial charges | 65/66B | €173 | €308 | +€135 | +77.7% |
| Recurring financial charges | 65 | €173 | €308 | +€135 | +77.7% |
| Profit (loss) for the period before taxes | 9903 | €29,422 | -€116,763 | -€146,185 | |
| Income taxes | 67/77 | €19,856 | - | -€19,856 | |
| Profit (loss) for the period | 9904 | €9,566 | -€116,763 | -€126,329 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,566 | -€116,763 | -€126,329 |
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 27 October 2026 via checked.be.