GAPS: 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.
GAPS
Largest movements
- Cash +€112,079
up €112,079 (+61.6%), from €181,856 to €293,935
mainly Net result for the year (+€103,997) and Receivables within one year (+€24,889)
- Receivables within one year -€24,889
down €24,889 (-26.2%), from €95,037 to €70,148
of which Trade receivables: -€28,533
- Tangible fixed assets +€12,086
up €12,086 (+43.7%), from €27,685 to €39,771
of which Other tangible fixed assets: +€22,845
- Profit (loss) carried forward +€81,497
up €81,497 (+35.9%), from €226,999 to €308,496
- Accrued charges and deferred income +€24,104
up €24,104 (+1071.3%), from €2,250 to €26,354
- Tax, wage and social debts +€21,303
up €21,303 (+147.0%), from €14,495 to €35,798
of which Remuneration and social security: +€19,749
- Trade debts -€13,994
down €13,994 (-43.5%), from €32,168 to €18,174
- Other debts -€13,634
down €13,634 (-66.1%), from €20,616 to €6,982
- Turnover +€117,067
up €117,067 (+33.6%), from €348,529 to €465,596
- Purchases and services +€102,784
up €102,784 (+45.3%), from €227,136 to €329,920
- Depreciation -€25,739
down €25,739 (-75.4%), from €34,144 to €8,405
- Taxes +€22,626
up €22,626 (+1575.6%), from €1,436 to €24,062
- Gross operating margin +€22,442
up €22,442 (+18.5%), from €121,393 to €143,835
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 | €304,578 | €403,854 | +€99,276 | +32.6% |
| Fixed assets | 21/28 | €27,685 | €39,771 | +€12,086 | +43.7% |
| Tangible fixed assets | 22/27 | €27,685 | €39,771 | +€12,086 | +43.7% |
| Plant, machinery and equipment | 23 | €6,739 | €3,603 | -€3,136 | -46.5% |
| Furniture and vehicles | 24 | €13,026 | €5,403 | -€7,623 | -58.5% |
| Other tangible fixed assets | 26 | €7,920 | €30,765 | +€22,845 | +288.4% |
| Current assets | 29/58 | €276,893 | €364,083 | +€87,190 | +31.5% |
| Amounts receivable within one year | 40/41 | €95,037 | €70,148 | -€24,889 | -26.2% |
| Trade receivables | 40 | €73,902 | €45,369 | -€28,533 | -38.6% |
| Other amounts receivable | 41 | €21,135 | €24,779 | +€3,644 | +17.2% |
| Cash at bank and in hand | 54/58 | €181,856 | €293,935 | +€112,079 | +61.6% |
| Total equity and liabilities | 10/49 | €304,578 | €403,854 | +€99,276 | +32.6% |
| Equity | 10/15 | €235,049 | €316,546 | +€81,497 | +34.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,500 | €18,500 | = | 0.0% |
| Uncalled capital | 101 | €12,300 | €12,300 | = | 0.0% |
| Reserves | 13 | €1,850 | €1,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,850 | €1,850 | = | 0.0% |
| Legal reserve | 130 | €1,850 | €1,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,999 | €308,496 | +€81,497 | +35.9% |
| Amounts payable | 17/49 | €69,529 | €87,308 | +€17,779 | +25.6% |
| Amounts payable within one year | 42/48 | €67,279 | €60,954 | -€6,325 | -9.4% |
| Trade debts | 44 | €32,168 | €18,174 | -€13,994 | -43.5% |
| Suppliers | 440/4 | €32,168 | €18,174 | -€13,994 | -43.5% |
| Taxes, remuneration and social security | 45 | €14,495 | €35,798 | +€21,303 | +147.0% |
| Taxes | 450/3 | €11,744 | €13,298 | +€1,554 | +13.2% |
| Remuneration and social security | 454/9 | €2,751 | €22,500 | +€19,749 | +717.9% |
| Other amounts payable | 47/48 | €20,616 | €6,982 | -€13,634 | -66.1% |
| Accrued charges and deferred income | 492/3 | €2,250 | €26,354 | +€24,104 | +1071.3% |
| Turnover | 70 | €348,529 | €465,596 | +€117,067 | +33.6% |
| Non-recurring operating income | 76A | - | €8,159 | +€8,159 | |
| Goods, raw materials, services and sundry goods | 60/61 | €227,136 | €329,920 | +€102,784 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,144 | €8,405 | -€25,739 | -75.4% |
| Other operating charges | 640/8 | €1,265 | €914 | -€351 | -27.7% |
| Non-recurring operating charges | 66A | €2,200 | €4,319 | +€2,119 | +96.3% |
| Gross operating margin | 9900 | €121,393 | €143,835 | +€22,442 | +18.5% |
| Operating profit (loss) | 9901 | €83,784 | €130,197 | +€46,413 | +55.4% |
| Financial income | 75/76B | €125 | €1,082 | +€957 | +765.6% |
| Recurring financial income | 75 | €125 | €1,082 | +€957 | +765.6% |
| Financial charges | 65/66B | €2,890 | €3,220 | +€330 | +11.4% |
| Recurring financial charges | 65 | €2,890 | €3,220 | +€330 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €81,019 | €128,059 | +€47,040 | +58.1% |
| Income taxes | 67/77 | €1,436 | €24,062 | +€22,626 | +1575.6% |
| Profit (loss) for the period | 9904 | €79,583 | €103,997 | +€24,414 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €79,583 | €103,997 | +€24,414 | +30.7% |
Source: filed annual accounts (NBB), financial years ended 31 May 2023 and 31 May 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.