GEDIFOR: 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.
GEDIFOR
Largest movements
- Stocks and contracts -€277,681
down €277,681 (-44.2%), from €628,857 to €351,176
- Receivables within one year +€238,564
up €238,564 (+2,755%), from €8,660 to €247,224
of which Trade receivables: +€223,763
- Cash +€69,023
up €69,023 (+357%), from €19,309 to €88,333
mainly Stocks and contracts (+€277,681) and Debts after one year (+€181,362)
- Profit (loss) carried forward -€257,172
down €257,172 (-3,552%), from -€7,239 to -€264,411
- Debts after one year +€181,362
new in 2024: €181,362
- Accrued charges and deferred income +€129,613
new in 2024: €129,613
- Other debts -€44,236
down €44,236 (-24.4%), from €181,362 to €137,125
- Trade debts +€14,780
up €14,780 (+3.1%), from €478,402 to €493,182
- Gross operating margin -€238,952
down €238,952 (-3,689%), from -€6,477 to -€245,428
- Financial charges +€5,583
up €5,583 (+67,021%), from €8 to €5,591
- Depreciation +€4,980
up €4,980 (+660%), from €754 to €5,735
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 | €676,655 | €700,872 | +€24,217 | +3.6% |
| Fixed assets | 21/28 | €16,467 | €10,732 | -€5,735 | -34.8% |
| Tangible fixed assets | 22/27 | €16,467 | €10,732 | -€5,735 | -34.8% |
| Furniture and vehicles | 24 | €16,467 | €10,732 | -€5,735 | -34.8% |
| Current assets | 29/58 | €660,188 | €690,140 | +€29,951 | +4.5% |
| Stocks and contracts in progress | 3 | €628,857 | €351,176 | -€277,681 | -44.2% |
| Stocks | 30/36 | €628,857 | €351,176 | -€277,681 | -44.2% |
| Amounts receivable within one year | 40/41 | €8,660 | €247,224 | +€238,564 | +2,755% |
| Trade receivables | 40 | €7,490 | €231,253 | +€223,763 | +2,987% |
| Other amounts receivable | 41 | €1,170 | €15,971 | +€14,801 | +1,265% |
| Cash at bank and in hand | 54/58 | €19,309 | €88,333 | +€69,023 | +357% |
| Deferred charges and accrued income | 490/1 | €3,363 | €3,407 | +€45 | +1.3% |
| Total equity and liabilities | 10/49 | €676,655 | €700,872 | +€24,217 | +3.6% |
| Equity | 10/15 | €16,761 | -€240,411 | -€257,172 | |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,239 | -€264,411 | -€257,172 | -3,552% |
| Amounts payable | 17/49 | €659,894 | €941,283 | +€281,389 | +42.6% |
| Amounts payable after more than one year | 17 | - | €181,362 | +€181,362 | |
| Other amounts payable | 178/9 | - | €181,362 | +€181,362 | |
| Amounts payable within one year | 42/48 | €659,894 | €630,308 | -€29,586 | -4.5% |
| Trade debts | 44 | €478,402 | €493,182 | +€14,780 | +3.1% |
| Suppliers | 440/4 | €478,402 | €493,182 | +€14,780 | +3.1% |
| Taxes, remuneration and social security | 45 | €130 | - | -€130 | |
| Taxes | 450/3 | €130 | - | -€130 | |
| Other amounts payable | 47/48 | €181,362 | €137,125 | -€44,236 | -24.4% |
| Accrued charges and deferred income | 492/3 | - | €129,613 | +€129,613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €754 | €5,735 | +€4,980 | +660% |
| Other operating charges | 640/8 | - | €418 | +€418 | |
| Gross operating margin | 9900 | -€6,477 | -€245,428 | -€238,952 | -3,689% |
| Operating profit (loss) | 9901 | -€7,231 | -€251,581 | -€244,350 | -3,379% |
| Financial charges | 65/66B | €8 | €5,591 | +€5,583 | +67,021% |
| Recurring financial charges | 65 | €8 | €5,591 | +€5,583 | +67,021% |
| Profit (loss) for the period before taxes | 9903 | -€7,239 | -€257,172 | -€249,933 | -3,452% |
| Profit (loss) for the period | 9904 | -€7,239 | -€257,172 | -€249,933 | -3,452% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,239 | -€257,172 | -€249,933 | -3,452% |
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.