GS 154: 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.
GS 154
Largest movements
- Tangible fixed assets -€11,196
down €11,196 (-8.1%), from €138,742 to €127,546
of which Land and buildings: -€11,088
- Debts after one year -€18,707
down €18,707 (-79.8%), from €23,438 to €4,731
- Trade debts +€7,151
up €7,151 (+153%), from €4,687 to €11,838
- Profit (loss) carried forward +€2,291
up €2,291 (+8.9%), from €25,652 to €27,943
- Tax, wage and social debts -€1,667
down €1,667 (-30.1%), from €5,534 to €3,867
- Gross operating margin -€7,546
down €7,546 (-27.0%), from €27,903 to €20,357
- Taxes -€1,560
down €1,560 (-57.5%), from €2,714 to €1,153
- Depreciation -€1,045
down €1,045 (-8.5%), from €12,241 to €11,196
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 | €141,371 | €130,981 | -€10,390 | -7.3% |
| Fixed assets | 21/28 | €140,892 | €129,696 | -€11,196 | -7.9% |
| Tangible fixed assets | 22/27 | €138,742 | €127,546 | -€11,196 | -8.1% |
| Land and buildings | 22 | €138,635 | €127,546 | -€11,088 | -8.0% |
| Plant, machinery and equipment | 23 | €108 | - | -€108 | |
| Financial fixed assets | 28 | €2,150 | €2,150 | = | 0.0% |
| Current assets | 29/58 | €479 | €1,285 | +€806 | +168% |
| Cash at bank and in hand | 54/58 | €479 | €1,117 | +€638 | +133% |
| Deferred charges and accrued income | 490/1 | - | €168 | +€168 | |
| Total equity and liabilities | 10/49 | €141,371 | €130,981 | -€10,390 | -7.3% |
| Equity | 10/15 | €47,068 | €49,359 | +€2,291 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,216 | €15,216 | = | 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 | €13,356 | €13,356 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,652 | €27,943 | +€2,291 | +8.9% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €84,303 | €71,623 | -€12,681 | -15.0% |
| Amounts payable after more than one year | 17 | €23,438 | €4,731 | -€18,707 | -79.8% |
| Financial debts | 170/4 | €23,438 | €4,731 | -€18,707 | -79.8% |
| Amounts payable within one year | 42/48 | €58,265 | €64,092 | +€5,827 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €18,365 | €18,707 | +€343 | +1.9% |
| Trade debts | 44 | €4,687 | €11,838 | +€7,151 | +153% |
| Suppliers | 440/4 | €4,687 | €11,838 | +€7,151 | +153% |
| Taxes, remuneration and social security | 45 | €5,534 | €3,867 | -€1,667 | -30.1% |
| Taxes | 450/3 | €5,534 | €3,867 | -€1,667 | -30.1% |
| Other amounts payable | 47/48 | €29,679 | €29,679 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,600 | €2,800 | +€200 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,241 | €11,196 | -€1,045 | -8.5% |
| Other operating charges | 640/8 | €3,756 | €3,904 | +€148 | +3.9% |
| Gross operating margin | 9900 | €27,903 | €20,357 | -€7,546 | -27.0% |
| Operating profit (loss) | 9901 | €11,906 | €5,257 | -€6,649 | -55.8% |
| Financial charges | 65/66B | €1,867 | €1,813 | -€54 | -2.9% |
| Recurring financial charges | 65 | €1,867 | €1,813 | -€54 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €10,039 | €3,444 | -€6,595 | -65.7% |
| Income taxes | 67/77 | €2,714 | €1,153 | -€1,560 | -57.5% |
| Profit (loss) for the period | 9904 | €7,326 | €2,291 | -€5,035 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,326 | €2,291 | -€5,035 | -68.7% |
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 13 October 2026 via checked.be.