GI VAN AALST: 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 VAN AALST
Largest movements
- Receivables within one year +€72,284
up €72,284 (+58.5%), from €123,642 to €195,927
of which Trade receivables: +€64,336
- Debts after one year +€103,151
up €103,151 (+316%), from €32,690 to €135,842
- Tax, wage and social debts -€27,736
down €27,736 (-35.6%), from €77,963 to €50,227
of which Taxes: -€23,378
- Other debts -€16,940
down €16,940 (-10.9%), from €155,427 to €138,487
- Reserves +€11,037
up €11,037 (+3.5%), from €314,635 to €325,672
of which Distributable reserves: +€11,037
- Trade debts -€10,960
down €10,960 (-32.2%), from €33,999 to €23,040
- Gross operating margin -€90,381
down €90,381 (-21.7%), from €415,743 to €325,362
- Taxes -€40,372
down €40,372, from €30,369 to -€10,003
- Depreciation +€22,443
up €22,443 (+22.3%), from €100,596 to €123,040
- Financial charges +€6,477
up €6,477 (+53.5%), from €12,100 to €18,577
- Staff costs -€4,975
down €4,975 (-2.7%), from €181,824 to €176,849
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €682,196 | €751,507 | +€69,312 | +10.2% |
| Fixed assets | 21/28 | €461,158 | €465,022 | +€3,863 | +0.8% |
| Tangible fixed assets | 22/27 | €453,388 | €457,252 | +€3,863 | +0.9% |
| Land and buildings | 22 | €1,735 | €1,421 | -€314 | -18.1% |
| Plant, machinery and equipment | 23 | €260,909 | €292,224 | +€31,315 | +12.0% |
| Furniture and vehicles | 24 | €145,601 | €133,772 | -€11,829 | -8.1% |
| Leasing and similar rights | 25 | €38,614 | €24,348 | -€14,265 | -36.9% |
| Other tangible fixed assets | 26 | €6,529 | €5,486 | -€1,044 | -16.0% |
| Financial fixed assets | 28 | €7,770 | €7,770 | = | 0.0% |
| Current assets | 29/58 | €221,038 | €286,486 | +€65,448 | +29.6% |
| Amounts receivable within one year | 40/41 | €123,642 | €195,927 | +€72,284 | +58.5% |
| Trade receivables | 40 | €119,638 | €183,974 | +€64,336 | +53.8% |
| Other amounts receivable | 41 | €4,004 | €11,953 | +€7,949 | +198% |
| Cash at bank and in hand | 54/58 | €41,288 | €38,346 | -€2,942 | -7.1% |
| Deferred charges and accrued income | 490/1 | €56,108 | €52,213 | -€3,895 | -6.9% |
| Total equity and liabilities | 10/49 | €682,196 | €751,507 | +€69,312 | +10.2% |
| Equity | 10/15 | €333,235 | €344,272 | +€11,037 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €314,635 | €325,672 | +€11,037 | +3.5% |
| Tax-exempt reserves | 132 | €24,750 | €24,750 | = | 0.0% |
| Distributable reserves | 133 | €289,885 | €300,922 | +€11,037 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €348,961 | €407,236 | +€58,275 | +16.7% |
| Amounts payable after more than one year | 17 | €32,690 | €135,842 | +€103,151 | +316% |
| Financial debts | 170/4 | €32,690 | €135,842 | +€103,151 | +316% |
| Amounts payable within one year | 42/48 | €314,135 | €262,150 | -€51,985 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €46,746 | €50,397 | +€3,651 | +7.8% |
| Trade debts | 44 | €33,999 | €23,040 | -€10,960 | -32.2% |
| Suppliers | 440/4 | €33,999 | €23,040 | -€10,960 | -32.2% |
| Taxes, remuneration and social security | 45 | €77,963 | €50,227 | -€27,736 | -35.6% |
| Taxes | 450/3 | €50,117 | €26,738 | -€23,378 | -46.6% |
| Remuneration and social security | 454/9 | €27,846 | €23,488 | -€4,358 | -15.7% |
| Other amounts payable | 47/48 | €155,427 | €138,487 | -€16,940 | -10.9% |
| Accrued charges and deferred income | 492/3 | €2,135 | €9,244 | +€7,108 | +333% |
| Remuneration, social security and pensions | 62 | €181,824 | €176,849 | -€4,975 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,596 | €123,040 | +€22,443 | +22.3% |
| Other operating charges | 640/8 | €4,965 | €6,277 | +€1,312 | +26.4% |
| Gross operating margin | 9900 | €415,743 | €325,362 | -€90,381 | -21.7% |
| Operating profit (loss) | 9901 | €128,358 | €19,196 | -€109,162 | -85.0% |
| Financial income | 75/76B | €2,045 | €415 | -€1,630 | -79.7% |
| Recurring financial income | 75 | €2,045 | €415 | -€1,630 | -79.7% |
| Financial charges | 65/66B | €12,100 | €18,577 | +€6,477 | +53.5% |
| Recurring financial charges | 65 | €12,100 | €18,577 | +€6,477 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €118,302 | €1,034 | -€117,268 | -99.1% |
| Income taxes | 67/77 | €30,369 | -€10,003 | -€40,372 | |
| Profit (loss) for the period | 9904 | €87,934 | €11,037 | -€76,896 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,934 | €11,037 | -€76,896 | -87.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.