GEBART: 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.
GEBART
Largest movements
- Cash -€32,143
down €32,143 (-41.4%), from €77,672 to €45,529
mainly Trade debts (-€13,260) and Net result for the year (-€12,837)
- Stocks and contracts +€6,858
up €6,858 (+7.2%), from €94,868 to €101,726
- Receivables within one year -€6,352
down €6,352 (-28.4%), from €22,332 to €15,980
of which Trade receivables: -€7,623
- Deferred charges and accrued income +€4,524
up €4,524 (+21.7%), from €20,815 to €25,339
- Trade debts -€13,260
down €13,260 (-76.8%), from €17,257 to €3,997
- Profit (loss) carried forward -€12,837
down €12,837, from €3,449 to -€9,388
- Tax, wage and social debts -€6,179
down €6,179 (-29.3%), from €21,090 to €14,911
of which Taxes: -€5,152
- Staff costs +€36,999
up €36,999 (+25.4%), from €145,923 to €182,922
- Gross operating margin +€20,265
up €20,265 (+12.0%), from €169,104 to €189,369
- Depreciation -€2,838
down €2,838 (-16.9%), from €16,778 to €13,940
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 | €270,921 | €239,024 | -€31,897 | -11.8% |
| Fixed assets | 21/28 | €55,234 | €50,450 | -€4,783 | -8.7% |
| Intangible fixed assets | 21 | €8,381 | €6,456 | -€1,925 | -23.0% |
| Tangible fixed assets | 22/27 | €45,675 | €43,746 | -€1,929 | -4.2% |
| Land and buildings | 22 | €17,966 | €18,809 | +€843 | +4.7% |
| Plant, machinery and equipment | 23 | €18,272 | €16,490 | -€1,782 | -9.8% |
| Furniture and vehicles | 24 | €3,607 | €2,617 | -€990 | -27.4% |
| Other tangible fixed assets | 26 | €5,830 | €5,830 | = | 0.0% |
| Financial fixed assets | 28 | €1,178 | €248 | -€930 | -78.9% |
| Current assets | 29/58 | €215,687 | €188,574 | -€27,114 | -12.6% |
| Stocks and contracts in progress | 3 | €94,868 | €101,726 | +€6,858 | +7.2% |
| Stocks | 30/36 | €94,868 | €101,726 | +€6,858 | +7.2% |
| Amounts receivable within one year | 40/41 | €22,332 | €15,980 | -€6,352 | -28.4% |
| Trade receivables | 40 | €22,225 | €14,602 | -€7,623 | -34.3% |
| Other amounts receivable | 41 | €107 | €1,378 | +€1,270 | +1182.0% |
| Cash at bank and in hand | 54/58 | €77,672 | €45,529 | -€32,143 | -41.4% |
| Deferred charges and accrued income | 490/1 | €20,815 | €25,339 | +€4,524 | +21.7% |
| Total equity and liabilities | 10/49 | €270,921 | €239,024 | -€31,897 | -11.8% |
| Equity | 10/15 | €198,785 | €185,949 | -€12,837 | -6.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Uncalled capital | 101 | €185,894 | €185,894 | = | 0.0% |
| Outside capital | 11 | €0 | - | = | |
| Other | 1109/19 | €0 | - | = | |
| Reserves | 13 | €133,337 | €133,337 | = | 0.0% |
| Non-distributable reserves | 130/1 | €133,337 | €133,337 | = | 0.0% |
| Legal reserve | 130 | €1,933 | €1,933 | = | 0.0% |
| Reserves not available under the articles | 1311 | €131,403 | €131,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,449 | -€9,388 | -€12,837 | |
| Amounts payable | 17/49 | €72,136 | €53,075 | -€19,060 | -26.4% |
| Amounts payable within one year | 42/48 | €72,136 | €53,075 | -€19,060 | -26.4% |
| Financial debts | 43 | - | €186 | +€186 | |
| Other loans | 439 | - | €186 | +€186 | |
| Trade debts | 44 | €17,257 | €3,997 | -€13,260 | -76.8% |
| Suppliers | 440/4 | €17,257 | €3,997 | -€13,260 | -76.8% |
| Taxes, remuneration and social security | 45 | €21,090 | €14,911 | -€6,179 | -29.3% |
| Taxes | 450/3 | €7,310 | €2,157 | -€5,152 | -70.5% |
| Remuneration and social security | 454/9 | €13,780 | €12,753 | -€1,027 | -7.5% |
| Other amounts payable | 47/48 | €33,789 | €33,982 | +€193 | +0.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €145,923 | €182,922 | +€36,999 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,778 | €13,940 | -€2,838 | -16.9% |
| Other operating charges | 640/8 | €2,503 | €2,867 | +€364 | +14.5% |
| Gross operating margin | 9900 | €169,104 | €189,369 | +€20,265 | +12.0% |
| Operating profit (loss) | 9901 | €3,901 | -€10,361 | -€14,261 | |
| Financial income | 75/76B | €234 | €349 | +€115 | +49.3% |
| Recurring financial income | 75 | €234 | €349 | +€115 | +49.3% |
| Financial charges | 65/66B | €2,041 | €2,954 | +€913 | +44.7% |
| Recurring financial charges | 65 | €2,041 | €2,954 | +€913 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €2,093 | -€12,965 | -€15,058 | |
| Income taxes | 67/77 | €1,391 | -€129 | -€1,520 | |
| Profit (loss) for the period | 9904 | €702 | -€12,837 | -€13,539 | |
| Profit (loss) for the period to be appropriated | 9905 | €702 | -€12,837 | -€13,539 |
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 8 October 2026 via checked.be.