Gi . Ta: 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.
Gi . Ta
Largest movements
- Tangible fixed assets -€79,403
down €79,403 (-6.6%), from €1.2m to €1.1m
- Receivables within one year -€53,902
down €53,902 (-5.3%), from €1.0m to €968,305
of which Trade receivables: -€52,626
- Current portion of long-term debt -€54,912
down €54,912 (-99.6%), from €55,132 to €219
- Accrued charges and deferred income -€50,080
down €50,080 (-62.5%), from €80,066 to €29,986
- Profit (loss) carried forward -€34,483
down €34,483 (-293.4%), from -€11,752 to -€46,235
- Tax, wage and social debts -€29,040
down €29,040 (-53.3%), from €54,481 to €25,441
of which Taxes: -€22,677
- Gross operating margin -€79,822
down €79,822 (-36.0%), from €221,523 to €141,701
- Financial charges -€56,005
down €56,005 (-59.3%), from €94,473 to €38,469
- Staff costs +€23,251
up €23,251 (+79.8%), from €29,139 to €52,390
- Other operating charges -€4,622
down €4,622 (-54.7%), from €8,458 to €3,836
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 | €2,225,949 | €2,092,621 | -€133,328 | -6.0% |
| Fixed assets | 21/28 | €1,203,719 | €1,124,316 | -€79,403 | -6.6% |
| Tangible fixed assets | 22/27 | €1,203,679 | €1,124,276 | -€79,403 | -6.6% |
| Land and buildings | 22 | €1,203,679 | €1,124,276 | -€79,403 | -6.6% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €1,022,231 | €968,305 | -€53,925 | -5.3% |
| Amounts receivable within one year | 40/41 | €1,022,207 | €968,305 | -€53,902 | -5.3% |
| Trade receivables | 40 | €72,006 | €19,381 | -€52,626 | -73.1% |
| Other amounts receivable | 41 | €950,201 | €948,925 | -€1,276 | -0.1% |
| Cash at bank and in hand | 54/58 | €24 | - | -€24 | |
| Total equity and liabilities | 10/49 | €2,225,949 | €2,092,621 | -€133,328 | -6.0% |
| Equity | 10/15 | €841,219 | €806,736 | -€34,483 | -4.1% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Contributions outside capital | 11 | €218,600 | €218,600 | = | 0.0% |
| Other | 1109/19 | €218,600 | €218,600 | = | 0.0% |
| Revaluation surpluses | 12 | €634,371 | €634,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,752 | -€46,235 | -€34,483 | -293.4% |
| Amounts payable | 17/49 | €1,384,730 | €1,285,885 | -€98,846 | -7.1% |
| Amounts payable after more than one year | 17 | €299,876 | €299,876 | = | 0.0% |
| Financial debts | 170/4 | €299,876 | €299,876 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,004,788 | €956,022 | -€48,765 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €55,132 | €219 | -€54,912 | -99.6% |
| Financial debts | 43 | €5,026 | €19,849 | +€14,823 | +294.9% |
| Credit institutions | 430/8 | €5,026 | €19,849 | +€14,823 | +294.9% |
| Trade debts | 44 | €10,149 | €30,513 | +€20,365 | +200.7% |
| Suppliers | 440/4 | €10,149 | €30,513 | +€20,365 | +200.7% |
| Taxes, remuneration and social security | 45 | €54,481 | €25,441 | -€29,040 | -53.3% |
| Taxes | 450/3 | €40,851 | €18,175 | -€22,677 | -55.5% |
| Remuneration and social security | 454/9 | €13,630 | €7,266 | -€6,364 | -46.7% |
| Other amounts payable | 47/48 | €880,000 | €880,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €80,066 | €29,986 | -€50,080 | -62.5% |
| Non-recurring operating income | 76A | €41,163 | - | -€41,163 | |
| Remuneration, social security and pensions | 62 | €29,139 | €52,390 | +€23,251 | +79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,243 | €79,403 | +€160 | +0.2% |
| Other operating charges | 640/8 | €8,458 | €3,836 | -€4,622 | -54.7% |
| Gross operating margin | 9900 | €221,523 | €141,701 | -€79,822 | -36.0% |
| Operating profit (loss) | 9901 | €104,684 | €6,073 | -€98,611 | -94.2% |
| Financial income | 75/76B | €0 | €3 | +€3 | +3240.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +3240.0% |
| Financial charges | 65/66B | €94,473 | €38,469 | -€56,005 | -59.3% |
| Recurring financial charges | 65 | €94,473 | €38,469 | -€56,005 | -59.3% |
| Profit (loss) for the period before taxes | 9903 | €10,210 | -€32,393 | -€42,603 | |
| Income taxes | 67/77 | €2,725 | €2,090 | -€635 | -23.3% |
| Profit (loss) for the period | 9904 | €7,485 | -€34,483 | -€41,968 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,485 | -€34,483 | -€41,968 |
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 12 October 2026 via checked.be.