GY. O.: 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.
GY. O.
Largest movements
- Cash -€55,570
down €55,570 (-10.4%), from €535,871 to €480,302
mainly Net result for the year (-€70,838) and Deferred charges and accrued income (-€18,798)
- Tangible fixed assets -€38,271
down €38,271 (-28.8%), from €132,864 to €94,593
of which Land and buildings: -€21,915
- Deferred charges and accrued income +€18,798
up €18,798 (+103%), from €18,233 to €37,031
- Intangible fixed assets -€17,000
down €17,000 (-17.4%), from €97,750 to €80,750
- Profit (loss) carried forward -€70,838
down €70,838 (-14.2%), from €497,847 to €427,010
- Other debts -€18,009
down €18,009 (-8.6%), from €208,351 to €190,342
- Gross operating margin -€42,758
down €42,758 (-79.2%), from €53,963 to €11,206
- Turnover -€28,222
down €28,222 (-15.8%), from €179,172 to €150,951
- Purchases and services +€14,390
up €14,390 (+11.0%), from €130,355 to €144,745
- Depreciation -€6,573
down €6,573 (-10.6%), from €61,843 to €55,271
- Taxes +€5,451
new in 2024: €5,451
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 | €816,916 | €721,824 | -€95,092 | -11.6% |
| Fixed assets | 21/28 | €243,762 | €188,491 | -€55,271 | -22.7% |
| Intangible fixed assets | 21 | €97,750 | €80,750 | -€17,000 | -17.4% |
| Tangible fixed assets | 22/27 | €132,864 | €94,593 | -€38,271 | -28.8% |
| Land and buildings | 22 | €113,572 | €91,657 | -€21,915 | -19.3% |
| Furniture and vehicles | 24 | €19,292 | €2,936 | -€16,355 | -84.8% |
| Financial fixed assets | 28 | €13,148 | €13,148 | = | 0.0% |
| Current assets | 29/58 | €573,154 | €533,333 | -€39,821 | -6.9% |
| Amounts receivable within one year | 40/41 | €19,050 | €16,000 | -€3,050 | -16.0% |
| Trade receivables | 40 | €19,050 | €16,000 | -€3,050 | -16.0% |
| Cash at bank and in hand | 54/58 | €535,871 | €480,302 | -€55,570 | -10.4% |
| Deferred charges and accrued income | 490/1 | €18,233 | €37,031 | +€18,798 | +103% |
| Total equity and liabilities | 10/49 | €816,916 | €721,824 | -€95,092 | -11.6% |
| Equity | 10/15 | €562,346 | €491,509 | -€70,838 | -12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,899 | €45,899 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €35,539 | €35,539 | = | 0.0% |
| Profit (loss) carried forward | 14 | €497,847 | €427,010 | -€70,838 | -14.2% |
| Amounts payable | 17/49 | €254,569 | €230,316 | -€24,254 | -9.5% |
| Amounts payable after more than one year | 17 | €2,568 | - | -€2,568 | |
| Financial debts | 170/4 | €2,568 | - | -€2,568 | |
| Amounts payable within one year | 42/48 | €251,689 | €230,316 | -€21,374 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €5,091 | €2,568 | -€2,522 | -49.5% |
| Trade debts | 44 | €14,019 | €10,893 | -€3,126 | -22.3% |
| Suppliers | 440/4 | €14,019 | €10,893 | -€3,126 | -22.3% |
| Taxes, remuneration and social security | 45 | €24,229 | €26,512 | +€2,283 | +9.4% |
| Taxes | 450/3 | €24,229 | €26,512 | +€2,283 | +9.4% |
| Other amounts payable | 47/48 | €208,351 | €190,342 | -€18,009 | -8.6% |
| Accrued charges and deferred income | 492/3 | €312 | - | -€312 | |
| Turnover | 70 | €179,172 | €150,951 | -€28,222 | -15.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €130,355 | €144,745 | +€14,390 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,843 | €55,271 | -€6,573 | -10.6% |
| Other operating charges | 640/8 | €3,323 | €5,928 | +€2,604 | +78.4% |
| Gross operating margin | 9900 | €53,963 | €11,206 | -€42,758 | -79.2% |
| Operating profit (loss) | 9901 | -€11,203 | -€49,992 | -€38,789 | -346% |
| Financial income | 75/76B | €116 | €0 | -€116 | -100.0% |
| Recurring financial income | 75 | €116 | €0 | -€116 | -100.0% |
| Financial charges | 65/66B | €16,699 | €15,394 | -€1,304 | -7.8% |
| Recurring financial charges | 65 | €16,699 | €15,394 | -€1,304 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,786 | -€65,387 | -€37,601 | -135% |
| Income taxes | 67/77 | - | €5,451 | +€5,451 | |
| Profit (loss) for the period | 9904 | -€27,786 | -€70,838 | -€43,052 | -155% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,786 | -€70,838 | -€43,052 | -155% |
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 16 October 2026 via checked.be.