GAPWORKS: 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.
GAPWORKS
Largest movements
- Cash -€74,663
down €74,663 (-36.8%), from €202,888 to €128,225
mainly Net result for the year (-€37,088) and Tax, wage and social debts (-€30,790)
- Receivables within one year +€11,807
up €11,807 (+5.8%), from €203,945 to €215,752
of which Trade receivables: +€11,988
- Intangible fixed assets +€8,276
new in 2024: €8,276
- Profit (loss) carried forward -€37,088
down €37,088 (-79.1%), from -€46,880 to -€83,968
- Tax, wage and social debts -€30,790
down €30,790 (-71.2%), from €43,265 to €12,475
of which Taxes: -€27,070
- Trade debts +€19,994
up €19,994 (+109.7%), from €18,233 to €38,227
- Staff costs +€2,725
up €2,725 (+2.6%), from €104,810 to €107,535
- Depreciation +€2,638
up €2,638 (+101.3%), from €2,603 to €5,241
- Gross operating margin +€2,020
up €2,020 (+2.7%), from €74,804 to €76,824
- Other operating charges -€1,067
down €1,067 (-70.0%), from €1,525 to €458
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 | €421,716 | €374,977 | -€46,738 | -11.1% |
| Fixed assets | 21/28 | €2,874 | €15,097 | +€12,223 | +425.3% |
| Intangible fixed assets | 21 | - | €8,276 | +€8,276 | |
| Tangible fixed assets | 22/27 | €2,874 | €6,821 | +€3,947 | +137.3% |
| Plant, machinery and equipment | 23 | €2,874 | €1,203 | -€1,671 | -58.2% |
| Furniture and vehicles | 24 | - | €5,618 | +€5,618 | |
| Current assets | 29/58 | €418,842 | €359,880 | -€58,962 | -14.1% |
| Amounts receivable within one year | 40/41 | €203,945 | €215,752 | +€11,807 | +5.8% |
| Trade receivables | 40 | €192,952 | €204,940 | +€11,988 | +6.2% |
| Other amounts receivable | 41 | €10,993 | €10,812 | -€181 | -1.6% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €202,888 | €128,225 | -€74,663 | -36.8% |
| Deferred charges and accrued income | 490/1 | €2,008 | €5,903 | +€3,894 | +193.9% |
| Total equity and liabilities | 10/49 | €421,716 | €374,977 | -€46,738 | -11.1% |
| Equity | 10/15 | €359,401 | €322,313 | -€37,088 | -10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €387,681 | €387,681 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €387,681 | €387,681 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,880 | -€83,968 | -€37,088 | -79.1% |
| Amounts payable | 17/49 | €62,315 | €52,664 | -€9,651 | -15.5% |
| Amounts payable within one year | 42/48 | €62,315 | €52,664 | -€9,651 | -15.5% |
| Trade debts | 44 | €18,233 | €38,227 | +€19,994 | +109.7% |
| Suppliers | 440/4 | €18,233 | €38,227 | +€19,994 | +109.7% |
| Taxes, remuneration and social security | 45 | €43,265 | €12,475 | -€30,790 | -71.2% |
| Taxes | 450/3 | €27,432 | €363 | -€27,070 | -98.7% |
| Remuneration and social security | 454/9 | €15,832 | €12,112 | -€3,720 | -23.5% |
| Other amounts payable | 47/48 | €817 | €1,962 | +€1,145 | +140.2% |
| Remuneration, social security and pensions | 62 | €104,810 | €107,535 | +€2,725 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,603 | €5,241 | +€2,638 | +101.3% |
| Other operating charges | 640/8 | €1,525 | €458 | -€1,067 | -70.0% |
| Gross operating margin | 9900 | €74,804 | €76,824 | +€2,020 | +2.7% |
| Operating profit (loss) | 9901 | -€34,134 | -€36,410 | -€2,276 | -6.7% |
| Financial income | 75/76B | €1,641 | €1,311 | -€330 | -20.1% |
| Recurring financial income | 75 | €1,641 | €1,311 | -€330 | -20.1% |
| Financial charges | 65/66B | €672 | €1,280 | +€608 | +90.4% |
| Recurring financial charges | 65 | €672 | €1,280 | +€608 | +90.4% |
| Profit (loss) for the period before taxes | 9903 | -€33,166 | -€36,379 | -€3,214 | -9.7% |
| Income taxes | 67/77 | €294 | €709 | +€415 | +141.2% |
| Profit (loss) for the period | 9904 | -€33,459 | -€37,088 | -€3,628 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,459 | -€37,088 | -€3,628 | -10.8% |
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 28 September 2026 via checked.be.