@GCIS: 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.
@GCIS
Largest movements
- Cash -€40,337
down €40,337 (-38.3%), from €105,330 to €64,993
mainly Net result for the year (-€51,188) and Debts after one year (-€15,238)
- Tangible fixed assets -€22,173
down €22,173 (-10.5%), from €212,040 to €189,867
- Receivables within one year +€14,553
up €14,553 (+18.1%), from €80,608 to €95,161
of which Trade receivables: +€19,551
- Deferred charges and accrued income -€6,798
down €6,798 (-58.5%), from €11,623 to €4,825
- Profit (loss) carried forward -€51,188
down €51,188 (-33.1%), from €154,603 to €103,415
- Debts after one year -€15,238
down €15,238 (-10.6%), from €144,140 to €128,903
- Other debts +€10,000
up €10,000 (+31.1%), from €32,186 to €42,186
- Gross operating margin -€76,979
down €76,979, from €53,178 to -€23,801
- Depreciation -€7,965
down €7,965 (-25.9%), from €30,757 to €22,791
- Taxes -€4,023
down €4,023 (-92.2%), from €4,364 to €341
- Financial charges -€1,175
down €1,175 (-24.5%), from €4,790 to €3,615
- Financial income +€650
up €650 (+148%), from €439 to €1,088
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 | €416,036 | €361,282 | -€54,755 | -13.2% |
| Fixed assets | 21/28 | €218,476 | €196,302 | -€22,173 | -10.1% |
| Tangible fixed assets | 22/27 | €212,040 | €189,867 | -€22,173 | -10.5% |
| Land and buildings | 22 | €183,829 | €174,882 | -€8,948 | -4.9% |
| Plant, machinery and equipment | 23 | €10,214 | €579 | -€9,635 | -94.3% |
| Furniture and vehicles | 24 | €17,997 | €14,406 | -€3,591 | -20.0% |
| Financial fixed assets | 28 | €6,436 | €6,436 | = | 0.0% |
| Current assets | 29/58 | €197,561 | €164,979 | -€32,581 | -16.5% |
| Amounts receivable within one year | 40/41 | €80,608 | €95,161 | +€14,553 | +18.1% |
| Trade receivables | 40 | €611 | €20,162 | +€19,551 | +3,199% |
| Other amounts receivable | 41 | €79,996 | €74,999 | -€4,997 | -6.2% |
| Cash at bank and in hand | 54/58 | €105,330 | €64,993 | -€40,337 | -38.3% |
| Deferred charges and accrued income | 490/1 | €11,623 | €4,825 | -€6,798 | -58.5% |
| Total equity and liabilities | 10/49 | €416,036 | €361,282 | -€54,755 | -13.2% |
| Equity | 10/15 | €206,640 | €155,451 | -€51,188 | -24.8% |
| Contributions | 10/11 | €10,600 | €10,600 | = | 0.0% |
| Reserves | 13 | €41,437 | €41,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €4,577 | €4,577 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €36,860 | +€1,860 | +5.3% |
| Profit (loss) carried forward | 14 | €154,603 | €103,415 | -€51,188 | -33.1% |
| Amounts payable | 17/49 | €209,397 | €205,830 | -€3,566 | -1.7% |
| Amounts payable after more than one year | 17 | €144,140 | €128,903 | -€15,238 | -10.6% |
| Financial debts | 170/4 | €144,140 | €128,903 | -€15,238 | -10.6% |
| Amounts payable within one year | 42/48 | €65,256 | €76,928 | +€11,671 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €18,215 | €18,633 | +€418 | +2.3% |
| Trade debts | 44 | €7,705 | €9,477 | +€1,771 | +23.0% |
| Suppliers | 440/4 | €7,705 | €9,477 | +€1,771 | +23.0% |
| Taxes, remuneration and social security | 45 | €7,150 | €6,632 | -€518 | -7.2% |
| Taxes | 450/3 | €4,435 | €6,632 | +€2,197 | +49.5% |
| Remuneration and social security | 454/9 | €2,715 | - | -€2,715 | |
| Other amounts payable | 47/48 | €32,186 | €42,186 | +€10,000 | +31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,757 | €22,791 | -€7,965 | -25.9% |
| Other operating charges | 640/8 | €1,939 | €1,729 | -€210 | -10.8% |
| Non-recurring operating charges | 66A | €5,080 | - | -€5,080 | |
| Gross operating margin | 9900 | €53,178 | -€23,801 | -€76,979 | |
| Operating profit (loss) | 9901 | €15,402 | -€48,321 | -€63,723 | |
| Financial income | 75/76B | €439 | €1,088 | +€650 | +148% |
| Recurring financial income | 75 | €439 | €1,088 | +€650 | +148% |
| Financial charges | 65/66B | €4,790 | €3,615 | -€1,175 | -24.5% |
| Recurring financial charges | 65 | €4,790 | €3,615 | -€1,175 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €11,051 | -€50,847 | -€61,899 | |
| Income taxes | 67/77 | €4,364 | €341 | -€4,023 | -92.2% |
| Profit (loss) for the period | 9904 | €6,688 | -€51,188 | -€57,876 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,688 | -€51,188 | -€57,876 |
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 13 October 2026 via checked.be.