GUL REIZEN: 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.
GUL REIZEN
Largest movements
- Receivables within one year +€3,432
up €3,432 (+2.6%), from €129,676 to €133,108
of which Other amounts receivable: +€9,992
- Profit (loss) carried forward +€10,187
up €10,187 (+13.7%), from €74,627 to €84,815
- Current portion of long-term debt -€9,205
down €9,205 (-79.9%), from €11,521 to €2,316
- Short-term financial debts +€4,434
up €4,434 (+42.1%), from €10,525 to €14,960
- Other debts -€2,088
down €2,088 (-10.7%), from €19,500 to €17,412
- Gross operating margin -€1,833
down €1,833 (-8.8%), from €20,723 to €18,890
- Taxes -€1,652
down €1,652 (-48.0%), from €3,439 to €1,787
- Financial charges +€569
up €569 (+11.7%), from €4,874 to €5,443
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 | €168,764 | €172,108 | +€3,344 | +2.0% |
| Fixed assets | 21/28 | €30,413 | €30,325 | -€88 | -0.3% |
| Tangible fixed assets | 22/27 | €440 | €352 | -€88 | -20.0% |
| Furniture and vehicles | 24 | €440 | €352 | -€88 | -20.0% |
| Financial fixed assets | 28 | €29,973 | €29,973 | = | 0.0% |
| Current assets | 29/58 | €138,350 | €141,783 | +€3,432 | +2.5% |
| Amounts receivable within one year | 40/41 | €129,676 | €133,108 | +€3,432 | +2.6% |
| Trade receivables | 40 | €126,689 | €120,130 | -€6,559 | -5.2% |
| Other amounts receivable | 41 | €2,987 | €12,978 | +€9,992 | +335% |
| Cash at bank and in hand | 54/58 | €8,674 | €8,674 | = | 0.0% |
| Total equity and liabilities | 10/49 | €168,764 | €172,108 | +€3,344 | +2.0% |
| Equity | 10/15 | €109,387 | €119,575 | +€10,187 | +9.3% |
| Contributions | 10/11 | €31,600 | €31,600 | = | 0.0% |
| Contributions outside capital | 11 | €31,600 | €31,600 | = | 0.0% |
| Other | 1109/19 | €31,600 | €31,600 | = | 0.0% |
| Reserves | 13 | €3,160 | €3,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,160 | €3,160 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,160 | €3,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,627 | €84,815 | +€10,187 | +13.7% |
| Amounts payable | 17/49 | €59,377 | €52,533 | -€6,843 | -11.5% |
| Amounts payable within one year | 42/48 | €59,377 | €52,533 | -€6,843 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €11,521 | €2,316 | -€9,205 | -79.9% |
| Financial debts | 43 | €10,525 | €14,960 | +€4,434 | +42.1% |
| Credit institutions | 430/8 | €10,525 | €14,960 | +€4,434 | +42.1% |
| Trade debts | 44 | €17,682 | €17,820 | +€138 | +0.8% |
| Suppliers | 440/4 | €17,682 | €17,820 | +€138 | +0.8% |
| Taxes, remuneration and social security | 45 | €148 | €25 | -€123 | -83.1% |
| Taxes | 450/3 | €148 | €25 | -€123 | -83.1% |
| Other amounts payable | 47/48 | €19,500 | €17,412 | -€2,088 | -10.7% |
| Non-recurring operating income | 76A | €500 | €1,000 | +€500 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88 | €88 | = | 0.0% |
| Other operating charges | 640/8 | €1,491 | €1,428 | -€62 | -4.2% |
| Gross operating margin | 9900 | €20,723 | €18,890 | -€1,833 | -8.8% |
| Operating profit (loss) | 9901 | €19,144 | €17,374 | -€1,771 | -9.2% |
| Financial income | 75/76B | €104 | €44 | -€60 | -57.7% |
| Recurring financial income | 75 | €104 | €44 | -€60 | -57.7% |
| Financial charges | 65/66B | €4,874 | €5,443 | +€569 | +11.7% |
| Recurring financial charges | 65 | €4,874 | €5,443 | +€569 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €14,374 | €11,974 | -€2,400 | -16.7% |
| Income taxes | 67/77 | €3,439 | €1,787 | -€1,652 | -48.0% |
| Profit (loss) for the period | 9904 | €10,936 | €10,187 | -€748 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,936 | €10,187 | -€748 | -6.8% |
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.