GHYSELS JAN: 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.
GHYSELS JAN
Largest movements
- Receivables within one year -€221,890
down €221,890 (-53.4%), from €415,741 to €193,851
of which Trade receivables: -€198,708
- Receivables after one year +€155,000
up €155,000 (+27.7%), from €560,500 to €715,500
- Cash -€16,297
down €16,297 (-47.2%), from €34,494 to €18,197
mainly Receivables after one year (-€155,000) and Net result for the year (-€116,204)
- Tangible fixed assets -€15,389
down €15,389 (-23.7%), from €65,059 to €49,670
of which Furniture and vehicles: -€8,586
- Profit (loss) carried forward -€116,204
down €116,204 (-506%), from -€22,975 to -€139,179
- Short-term financial debts +€20,595
new in 2024: €20,595
- Debts after one year -€11,968
down €11,968 (-19.4%), from €61,701 to €49,733
- Gross operating margin -€262,720
down €262,720, from €112,471 to -€150,248
- Taxes -€34,049
down €34,049 (-98.6%), from €34,544 to €495
- Write-downs -€32,358
new in 2024: -€32,358
- Financial income +€8,466
up €8,466 (+41.2%), from €20,542 to €29,008
- Financial charges -€2,720
down €2,720 (-29.6%), from €9,186 to €6,466
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 | €1,076,388 | €978,047 | -€98,341 | -9.1% |
| Fixed assets | 21/28 | €65,259 | €49,870 | -€15,389 | -23.6% |
| Tangible fixed assets | 22/27 | €65,059 | €49,670 | -€15,389 | -23.7% |
| Land and buildings | 22 | €53,810 | €47,006 | -€6,803 | -12.6% |
| Furniture and vehicles | 24 | €11,250 | €2,664 | -€8,586 | -76.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €1,011,129 | €928,177 | -€82,951 | -8.2% |
| Amounts receivable after more than one year | 29 | €560,500 | €715,500 | +€155,000 | +27.7% |
| Other amounts receivable | 291 | €560,500 | €715,500 | +€155,000 | +27.7% |
| Amounts receivable within one year | 40/41 | €415,741 | €193,851 | -€221,890 | -53.4% |
| Trade receivables | 40 | €392,559 | €193,851 | -€198,708 | -50.6% |
| Other amounts receivable | 41 | €23,182 | €0 | -€23,182 | -100% |
| Cash at bank and in hand | 54/58 | €34,494 | €18,197 | -€16,297 | -47.2% |
| Deferred charges and accrued income | 490/1 | €394 | €629 | +€236 | +59.9% |
| Total equity and liabilities | 10/49 | €1,076,388 | €978,047 | -€98,341 | -9.1% |
| Equity | 10/15 | €904,239 | €788,035 | -€116,204 | -12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €908,614 | €908,614 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €906,754 | €906,754 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,975 | -€139,179 | -€116,204 | -506% |
| Amounts payable | 17/49 | €172,149 | €190,012 | +€17,863 | +10.4% |
| Amounts payable after more than one year | 17 | €61,701 | €49,733 | -€11,968 | -19.4% |
| Financial debts | 170/4 | €61,701 | €49,733 | -€11,968 | -19.4% |
| Amounts payable within one year | 42/48 | €107,491 | €137,322 | +€29,832 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €12,729 | €11,968 | -€761 | -6.0% |
| Financial debts | 43 | - | €20,595 | +€20,595 | |
| Credit institutions | 430/8 | - | €20,595 | +€20,595 | |
| Trade debts | 44 | €550 | €7,967 | +€7,417 | +1,349% |
| Suppliers | 440/4 | €550 | €7,967 | +€7,417 | +1,349% |
| Taxes, remuneration and social security | 45 | €80,001 | €81,237 | +€1,236 | +1.5% |
| Taxes | 450/3 | €80,001 | €81,237 | +€1,236 | +1.5% |
| Other amounts payable | 47/48 | €14,211 | €15,555 | +€1,344 | +9.5% |
| Accrued charges and deferred income | 492/3 | €2,957 | €2,957 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,507 | €15,389 | -€2,117 | -12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€32,358 | -€32,358 | |
| Other operating charges | 640/8 | €3,046 | €4,971 | +€1,925 | +63.2% |
| Gross operating margin | 9900 | €112,471 | -€150,248 | -€262,720 | |
| Operating profit (loss) | 9901 | €91,919 | -€138,250 | -€230,169 | |
| Financial income | 75/76B | €20,542 | €29,008 | +€8,466 | +41.2% |
| Recurring financial income | 75 | €20,542 | €29,008 | +€8,466 | +41.2% |
| Financial charges | 65/66B | €9,186 | €6,466 | -€2,720 | -29.6% |
| Recurring financial charges | 65 | €9,186 | €6,466 | -€2,720 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €103,275 | -€115,709 | -€218,984 | |
| Income taxes | 67/77 | €34,544 | €495 | -€34,049 | -98.6% |
| Profit (loss) for the period | 9904 | €68,731 | -€116,204 | -€184,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,731 | -€116,204 | -€184,935 |
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 22 October 2026 via checked.be.