GAP GROUP: 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.
GAP GROUP
Largest movements
- Stocks and contracts +€176,574
up €176,574 (+25.5%), from €691,368 to €867,943
- Other debts +€224,622
up €224,622 (+43.3%), from €519,308 to €743,929
- Debts after one year -€200,000
no longer reported in 2024 (was €200,000)
- Trade debts +€160,058
up €160,058 (+2211.2%), from €7,239 to €167,297
- Gross operating margin -€1,843
down €1,843 (-110.7%), from -€1,665 to -€3,509
- Financial charges -€545
down €545 (-42.0%), from €1,299 to €754
- Depreciation -€212
no longer reported in 2024 (was €212)
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 | €696,025 | €875,121 | +€179,096 | +25.7% |
| Current assets | 29/58 | €696,025 | €875,121 | +€179,096 | +25.7% |
| Stocks and contracts in progress | 3 | €691,368 | €867,943 | +€176,574 | +25.5% |
| Stocks | 30/36 | €691,368 | €867,943 | +€176,574 | +25.5% |
| Cash at bank and in hand | 54/58 | €2,657 | €4,901 | +€2,244 | +84.5% |
| Deferred charges and accrued income | 490/1 | €2,000 | €2,277 | +€277 | +13.9% |
| Total equity and liabilities | 10/49 | €696,025 | €875,121 | +€179,096 | +25.7% |
| Equity | 10/15 | -€31,455 | -€36,105 | -€4,650 | -14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,055 | -€54,705 | -€4,650 | -9.3% |
| Amounts payable | 17/49 | €727,480 | €911,226 | +€183,746 | +25.3% |
| Amounts payable after more than one year | 17 | €200,000 | - | -€200,000 | |
| Financial debts | 170/4 | €200,000 | - | -€200,000 | |
| Amounts payable within one year | 42/48 | €526,546 | €911,226 | +€384,680 | +73.1% |
| Trade debts | 44 | €7,239 | €167,297 | +€160,058 | +2211.2% |
| Suppliers | 440/4 | €7,239 | €167,297 | +€160,058 | +2211.2% |
| Other amounts payable | 47/48 | €519,308 | €743,929 | +€224,622 | +43.3% |
| Accrued charges and deferred income | 492/3 | €934 | - | -€934 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212 | - | -€212 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€1,665 | -€3,509 | -€1,843 | -110.7% |
| Operating profit (loss) | 9901 | -€2,261 | -€3,896 | -€1,634 | -72.3% |
| Financial charges | 65/66B | €1,299 | €754 | -€545 | -42.0% |
| Recurring financial charges | 65 | €1,299 | €754 | -€545 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,560 | -€4,650 | -€1,089 | -30.6% |
| Profit (loss) for the period | 9904 | -€3,560 | -€4,650 | -€1,089 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,560 | -€4,650 | -€1,089 | -30.6% |
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.