GX: what changed
Two fiscal 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.
GX
Largest movements
- Cash +€23,269
up €23,269 (+99.6%), from €23,367 to €46,637
mainly Net result for the year (+€13,630) and Tax, wage and social debts (+€10,734)
- Receivables within one year +€3,304
up €3,304 (+4.8%), from €68,602 to €71,907
of which Trade receivables: +€6,288
- Tangible fixed assets -€3,075
down €3,075 (-17.3%), from €17,758 to €14,683
of which Other tangible fixed assets: -€4,370
- Reserves +€13,630
up €13,630 (+26.1%), from €52,194 to €65,824
of which Distributable reserves: +€13,630
- Tax, wage and social debts +€10,734
up €10,734 (+88.1%), from €12,183 to €22,917
of which Taxes: +€10,558
- Trade debts -€2,518
down €2,518 (-8.4%), from €30,034 to €27,516
- Gross operating margin +€16,449
up €16,449 (+21.3%), from €77,102 to €93,551
- Taxes +€4,882
up €4,882 (+249.9%), from €1,953 to €6,835
- Financial income +€2,716
up €2,716 (+95.0%), from €2,860 to €5,576
- Other operating charges +€2,161
up €2,161 (+7.2%), from €30,200 to €32,362
- Staff costs +€1,542
up €1,542 (+4.8%), from €32,304 to €33,846
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 | €120,185 | €142,641 | +€22,457 | +18.7% |
| Formation expenses | 20 | €1,084 | - | -€1,084 | |
| Fixed assets | 21/28 | €18,258 | €15,183 | -€3,075 | -16.8% |
| Tangible fixed assets | 22/27 | €17,758 | €14,683 | -€3,075 | -17.3% |
| Plant, machinery and equipment | 23 | €5,669 | €7,901 | +€2,232 | +39.4% |
| Furniture and vehicles | 24 | €2,666 | €1,729 | -€937 | -35.1% |
| Other tangible fixed assets | 26 | €9,423 | €5,053 | -€4,370 | -46.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €100,843 | €127,458 | +€26,615 | +26.4% |
| Stocks and contracts in progress | 3 | €4,302 | €4,517 | +€215 | +5.0% |
| Stocks | 30/36 | €4,302 | €4,517 | +€215 | +5.0% |
| Amounts receivable within one year | 40/41 | €68,602 | €71,907 | +€3,304 | +4.8% |
| Trade receivables | 40 | €17,604 | €23,892 | +€6,288 | +35.7% |
| Other amounts receivable | 41 | €50,999 | €48,015 | -€2,984 | -5.9% |
| Cash at bank and in hand | 54/58 | €23,367 | €46,637 | +€23,269 | +99.6% |
| Deferred charges and accrued income | 490/1 | €4,572 | €4,398 | -€174 | -3.8% |
| Total equity and liabilities | 10/49 | €120,185 | €142,641 | +€22,457 | +18.7% |
| Equity | 10/15 | €77,639 | €91,269 | +€13,630 | +17.6% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €52,194 | €65,824 | +€13,630 | +26.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €50,339 | €63,969 | +€13,630 | +27.1% |
| Profit (loss) carried forward | 14 | €13,244 | €13,244 | = | 0.0% |
| Amounts payable | 17/49 | €42,546 | €51,373 | +€8,827 | +20.7% |
| Amounts payable within one year | 42/48 | €42,217 | €50,433 | +€8,216 | +19.5% |
| Trade debts | 44 | €30,034 | €27,516 | -€2,518 | -8.4% |
| Suppliers | 440/4 | €30,034 | €27,516 | -€2,518 | -8.4% |
| Taxes, remuneration and social security | 45 | €12,183 | €22,917 | +€10,734 | +88.1% |
| Taxes | 450/3 | €3,984 | €14,541 | +€10,558 | +265.0% |
| Remuneration and social security | 454/9 | €8,200 | €8,376 | +€176 | +2.2% |
| Accrued charges and deferred income | 492/3 | €329 | €940 | +€611 | +185.7% |
| Remuneration, social security and pensions | 62 | €32,304 | €33,846 | +€1,542 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,155 | €8,345 | +€1,190 | +16.6% |
| Other operating charges | 640/8 | €30,200 | €32,362 | +€2,161 | +7.2% |
| Non-recurring operating charges | 66A | €4 | - | -€4 | |
| Gross operating margin | 9900 | €77,102 | €93,551 | +€16,449 | +21.3% |
| Operating profit (loss) | 9901 | €7,439 | €18,998 | +€11,559 | +155.4% |
| Financial income | 75/76B | €2,860 | €5,576 | +€2,716 | +95.0% |
| Recurring financial income | 75 | €2,860 | €5,576 | +€2,716 | +95.0% |
| Financial charges | 65/66B | €3,250 | €4,110 | +€860 | +26.4% |
| Recurring financial charges | 65 | €3,250 | €4,110 | +€860 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €7,049 | €20,465 | +€13,416 | +190.3% |
| Income taxes | 67/77 | €1,953 | €6,835 | +€4,882 | +249.9% |
| Profit (loss) for the period | 9904 | €5,096 | €13,630 | +€8,534 | +167.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,096 | €13,630 | +€8,534 | +167.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.