GELDHOF IT: 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.
GELDHOF IT
Largest movements
- Cash +€84,153
new in 2024: €84,153
mainly Debts after one year (+€110,658) and Depreciation (+€60,683)
- Tangible fixed assets -€60,004
down €60,004 (-11.4%), from €528,415 to €468,411
of which Land and buildings: -€31,861
- Debts after one year +€110,658
up €110,658 (+56.4%), from €196,190 to €306,848
of which Financial debts: +€112,792
- Profit (loss) carried forward -€73,609
down €73,609 (-47.6%), from €154,589 to €80,980
- Tax, wage and social debts -€14,271
no longer reported in 2024 (was €14,271)
- Depreciation +€17,831
up €17,831 (+41.6%), from €42,852 to €60,683
- Financial charges +€6,840
up €6,840 (+62.4%), from €10,960 to €17,800
- Gross operating margin -€692
down €692 (-8.1%), from €8,505 to €7,813
- Other operating charges -€161
down €161 (-5.2%), from €3,100 to €2,939
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 | €582,903 | €605,832 | +€22,929 | +3.9% |
| Fixed assets | 21/28 | €561,758 | €501,754 | -€60,004 | -10.7% |
| Tangible fixed assets | 22/27 | €528,415 | €468,411 | -€60,004 | -11.4% |
| Land and buildings | 22 | €435,935 | €404,074 | -€31,861 | -7.3% |
| Plant, machinery and equipment | 23 | €42,016 | €30,799 | -€11,217 | -26.7% |
| Furniture and vehicles | 24 | €49,064 | €32,138 | -€16,926 | -34.5% |
| Other tangible fixed assets | 26 | €1,400 | €1,400 | = | 0.0% |
| Financial fixed assets | 28 | €33,343 | €33,343 | = | 0.0% |
| Current assets | 29/58 | €21,145 | €104,078 | +€82,933 | +392% |
| Amounts receivable within one year | 40/41 | €20,117 | €19,078 | -€1,039 | -5.2% |
| Trade receivables | 40 | €20,117 | €18,900 | -€1,217 | -6.0% |
| Other amounts receivable | 41 | - | €178 | +€178 | |
| Cash at bank and in hand | 54/58 | - | €84,153 | +€84,153 | |
| Deferred charges and accrued income | 490/1 | €1,028 | €847 | -€181 | -17.6% |
| Total equity and liabilities | 10/49 | €582,903 | €605,832 | +€22,929 | +3.9% |
| Equity | 10/15 | €311,244 | €237,635 | -€73,609 | -23.6% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €149,218 | €149,218 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,694 | €83,694 | = | 0.0% |
| Distributable reserves | 133 | €65,524 | €65,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,589 | €80,980 | -€73,609 | -47.6% |
| Amounts payable | 17/49 | €271,659 | €368,197 | +€96,538 | +35.5% |
| Amounts payable after more than one year | 17 | €196,190 | €306,848 | +€110,658 | +56.4% |
| Financial debts | 170/4 | €133,980 | €246,772 | +€112,792 | +84.2% |
| Other amounts payable | 178/9 | €62,210 | €60,076 | -€2,134 | -3.4% |
| Amounts payable within one year | 42/48 | €68,707 | €52,105 | -€16,602 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €35,255 | €38,192 | +€2,937 | +8.3% |
| Financial debts | 43 | €4,733 | - | -€4,733 | |
| Credit institutions | 430/8 | €4,733 | - | -€4,733 | |
| Trade debts | 44 | €14,448 | €13,913 | -€535 | -3.7% |
| Suppliers | 440/4 | €14,448 | €13,913 | -€535 | -3.7% |
| Taxes, remuneration and social security | 45 | €14,271 | - | -€14,271 | |
| Taxes | 450/3 | €14,271 | - | -€14,271 | |
| Accrued charges and deferred income | 492/3 | €6,762 | €9,244 | +€2,482 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,852 | €60,683 | +€17,831 | +41.6% |
| Other operating charges | 640/8 | €3,100 | €2,939 | -€161 | -5.2% |
| Gross operating margin | 9900 | €8,505 | €7,813 | -€692 | -8.1% |
| Operating profit (loss) | 9901 | -€37,447 | -€55,809 | -€18,362 | -49.0% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €10,960 | €17,800 | +€6,840 | +62.4% |
| Recurring financial charges | 65 | €10,960 | €17,800 | +€6,840 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | -€48,405 | -€73,609 | -€25,204 | -52.1% |
| Profit (loss) for the period | 9904 | -€48,405 | -€73,609 | -€25,204 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,405 | -€73,609 | -€25,204 | -52.1% |
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 18 October 2026 via checked.be.