GASTECH: 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.
GASTECH
Largest movements
- Current investments +€230,000
new in 2024: €230,000
- Cash -€221,143
down €221,143 (-94.7%), from €233,630 to €12,487
mainly Current investments (-€230,000) and Tax, wage and social debts (-€13,641)
- Receivables within one year +€13,445
up €13,445 (+73.1%), from €18,393 to €31,838
of which Trade receivables: +€10,667
- Profit (loss) carried forward +€30,212
up €30,212 (+20.7%), from €145,640 to €175,852
- Tax, wage and social debts -€13,641
down €13,641 (-48.9%), from €27,877 to €14,237
- Other debts +€4,580
up €4,580 (+6.3%), from €73,103 to €77,683
- Depreciation -€6,605
down €6,605 (-75.3%), from €8,768 to €2,163
- Gross operating margin +€3,236
up €3,236 (+6.7%), from €48,612 to €51,848
- Taxes +€3,132
up €3,132 (+35.3%), from €8,880 to €12,013
- Financial charges +€1,851
up €1,851 (+43.6%), from €4,248 to €6,099
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 | €258,467 | €280,112 | +€21,645 | +8.4% |
| Fixed assets | 21/28 | €4,877 | €2,714 | -€2,163 | -44.3% |
| Intangible fixed assets | 21 | €1,024 | €874 | -€150 | -14.6% |
| Tangible fixed assets | 22/27 | €3,853 | €1,840 | -€2,013 | -52.2% |
| Plant, machinery and equipment | 23 | €3,853 | €1,840 | -€2,013 | -52.2% |
| Current assets | 29/58 | €253,589 | €277,397 | +€23,808 | +9.4% |
| Amounts receivable within one year | 40/41 | €18,393 | €31,838 | +€13,445 | +73.1% |
| Trade receivables | 40 | €18,393 | €29,060 | +€10,667 | +58.0% |
| Other amounts receivable | 41 | - | €2,777 | +€2,777 | |
| Current investments | 50/53 | - | €230,000 | +€230,000 | |
| Cash at bank and in hand | 54/58 | €233,630 | €12,487 | -€221,143 | -94.7% |
| Deferred charges and accrued income | 490/1 | €1,567 | €3,073 | +€1,506 | +96.2% |
| Total equity and liabilities | 10/49 | €258,467 | €280,112 | +€21,645 | +8.4% |
| Equity | 10/15 | €150,640 | €180,852 | +€30,212 | +20.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,640 | €175,852 | +€30,212 | +20.7% |
| Amounts payable | 17/49 | €107,827 | €99,259 | -€8,567 | -7.9% |
| Amounts payable within one year | 42/48 | €107,827 | €99,259 | -€8,567 | -7.9% |
| Trade debts | 44 | €6,846 | €7,340 | +€494 | +7.2% |
| Suppliers | 440/4 | €6,846 | €7,340 | +€494 | +7.2% |
| Taxes, remuneration and social security | 45 | €27,877 | €14,237 | -€13,641 | -48.9% |
| Taxes | 450/3 | €27,877 | €14,237 | -€13,641 | -48.9% |
| Other amounts payable | 47/48 | €73,103 | €77,683 | +€4,580 | +6.3% |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,768 | €2,163 | -€6,605 | -75.3% |
| Other operating charges | 640/8 | €1,562 | €1,445 | -€116 | -7.4% |
| Gross operating margin | 9900 | €48,612 | €51,848 | +€3,236 | +6.7% |
| Operating profit (loss) | 9901 | €38,283 | €48,240 | +€9,957 | +26.0% |
| Financial income | 75/76B | €15 | €84 | +€69 | +462.5% |
| Recurring financial income | 75 | €15 | €84 | +€69 | +462.5% |
| Financial charges | 65/66B | €4,248 | €6,099 | +€1,851 | +43.6% |
| Recurring financial charges | 65 | €4,248 | €6,099 | +€1,851 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €34,050 | €42,225 | +€8,175 | +24.0% |
| Income taxes | 67/77 | €8,880 | €12,013 | +€3,132 | +35.3% |
| Profit (loss) for the period | 9904 | €25,169 | €30,212 | +€5,043 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,169 | €30,212 | +€5,043 | +20.0% |
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 3 October 2026 via checked.be.