GENERATION VOYAGES: 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.
GENERATION VOYAGES
Largest movements
- Receivables within one year +€23,305
up €23,305 (+52.7%), from €44,251 to €67,557
of which Trade receivables: +€35,787
- Cash -€5,313
down €5,313 (-10.4%), from €51,061 to €45,748
mainly Receivables within one year (-€23,305) and Debts after one year (-€6,174)
- Tangible fixed assets -€4,934
down €4,934 (-25.2%), from €19,609 to €14,675
- Tax, wage and social debts +€15,621
up €15,621 (+78.4%), from €19,919 to €35,539
of which Remuneration and social security: +€11,837
- Debts after one year -€6,174
down €6,174 (-70.0%), from €8,817 to €2,644
- Trade debts +€5,048
up €5,048 (+359%), from €1,408 to €6,455
- Short-term financial debts -€3,863
down €3,863 (-43.6%), from €8,857 to €4,995
- Profit (loss) carried forward +€2,209
up €2,209 (+4.7%), from €46,536 to €48,745
- Staff costs +€16,588
up €16,588 (+34.8%), from €47,732 to €64,320
- Gross operating margin +€14,029
up €14,029 (+20.9%), from €66,993 to €81,022
- Other operating charges +€2,720
up €2,720 (+85.1%), from €3,194 to €5,914
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 | €126,696 | €139,754 | +€13,059 | +10.3% |
| Fixed assets | 21/28 | €31,383 | €26,450 | -€4,934 | -15.7% |
| Tangible fixed assets | 22/27 | €19,609 | €14,675 | -€4,934 | -25.2% |
| Furniture and vehicles | 24 | €19,609 | €14,675 | -€4,934 | -25.2% |
| Financial fixed assets | 28 | €11,775 | €11,775 | = | 0.0% |
| Current assets | 29/58 | €95,312 | €113,305 | +€17,993 | +18.9% |
| Amounts receivable within one year | 40/41 | €44,251 | €67,557 | +€23,305 | +52.7% |
| Trade receivables | 40 | €16,975 | €52,761 | +€35,787 | +211% |
| Other amounts receivable | 41 | €27,277 | €14,795 | -€12,481 | -45.8% |
| Cash at bank and in hand | 54/58 | €51,061 | €45,748 | -€5,313 | -10.4% |
| Total equity and liabilities | 10/49 | €126,696 | €139,754 | +€13,059 | +10.3% |
| Equity | 10/15 | €74,036 | €76,245 | +€2,209 | +3.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,536 | €48,745 | +€2,209 | +4.7% |
| Amounts payable | 17/49 | €52,660 | €63,510 | +€10,850 | +20.6% |
| Amounts payable after more than one year | 17 | €8,817 | €2,644 | -€6,174 | -70.0% |
| Financial debts | 170/4 | €8,817 | €2,644 | -€6,174 | -70.0% |
| Amounts payable within one year | 42/48 | €43,789 | €60,813 | +€17,023 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €6,006 | €6,174 | +€168 | +2.8% |
| Financial debts | 43 | €8,857 | €4,995 | -€3,863 | -43.6% |
| Credit institutions | 430/8 | €8,857 | €4,995 | -€3,863 | -43.6% |
| Trade debts | 44 | €1,408 | €6,455 | +€5,048 | +359% |
| Suppliers | 440/4 | €1,408 | €6,455 | +€5,048 | +359% |
| Advances received on contracts in progress | 46 | €7,600 | €7,600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,919 | €35,539 | +€15,621 | +78.4% |
| Taxes | 450/3 | €1,079 | €4,862 | +€3,784 | +351% |
| Remuneration and social security | 454/9 | €18,840 | €30,677 | +€11,837 | +62.8% |
| Other amounts payable | 47/48 | - | €50 | +€50 | |
| Accrued charges and deferred income | 492/3 | €53 | €53 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €47,732 | €64,320 | +€16,588 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,800 | €5,984 | +€184 | +3.2% |
| Other operating charges | 640/8 | €3,194 | €5,914 | +€2,720 | +85.1% |
| Gross operating margin | 9900 | €66,993 | €81,022 | +€14,029 | +20.9% |
| Operating profit (loss) | 9901 | €10,266 | €4,804 | -€5,462 | -53.2% |
| Financial income | 75/76B | €124 | €281 | +€158 | +128% |
| Recurring financial income | 75 | €124 | €281 | +€158 | +128% |
| Financial charges | 65/66B | €1,883 | €1,795 | -€89 | -4.7% |
| Recurring financial charges | 65 | €1,883 | €1,795 | -€89 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €8,506 | €3,290 | -€5,215 | -61.3% |
| Income taxes | 67/77 | €1,036 | €1,081 | +€45 | +4.4% |
| Profit (loss) for the period | 9904 | €7,470 | €2,209 | -€5,261 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,470 | €2,209 | -€5,261 | -70.4% |
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 23 October 2026 via checked.be.