1117 MANAGEMENT: 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.
1117 MANAGEMENT
Largest movements
- Cash +€71,007
up €71,007 (+26.0%), from €272,678 to €343,684
mainly Net result for the year (+€58,277) and Receivables within one year (+€14,992)
- Receivables within one year -€14,992
down €14,992 (-65.5%), from €22,903 to €7,911
of which Trade receivables: -€16,686
- Tangible fixed assets +€6,954
up €6,954 (+29.2%), from €23,796 to €30,751
of which Furniture and vehicles: +€16,333
- Reserves +€58,000
up €58,000 (+30.2%), from €191,860 to €249,860
of which Distributable reserves: +€58,000
- Gross operating margin +€64,006
up €64,006 (+56.2%), from €113,841 to €177,847
- Taxes +€11,929
up €11,929 (+114%), from €10,500 to €22,428
- Staff costs +€11,175
up €11,175 (+16.2%), from €68,876 to €80,051
- Financial income +€6,194
up €6,194 (+4,039%), from €153 to €6,347
of which Non-recurring financial income: +€6,021
- Depreciation +€3,127
up €3,127 (+28.6%), from €10,919 to €14,046
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 | €336,626 | €399,679 | +€63,053 | +18.7% |
| Fixed assets | 21/28 | €41,046 | €45,801 | +€4,754 | +11.6% |
| Intangible fixed assets | 21 | €7,800 | €5,600 | -€2,200 | -28.2% |
| Tangible fixed assets | 22/27 | €23,796 | €30,751 | +€6,954 | +29.2% |
| Plant, machinery and equipment | 23 | €11,511 | €2,133 | -€9,378 | -81.5% |
| Furniture and vehicles | 24 | €12,285 | €28,618 | +€16,333 | +133% |
| Financial fixed assets | 28 | €9,450 | €9,450 | = | 0.0% |
| Current assets | 29/58 | €295,580 | €353,879 | +€58,298 | +19.7% |
| Amounts receivable within one year | 40/41 | €22,903 | €7,911 | -€14,992 | -65.5% |
| Trade receivables | 40 | €22,725 | €6,039 | -€16,686 | -73.4% |
| Other amounts receivable | 41 | €177 | €1,872 | +€1,694 | +956% |
| Cash at bank and in hand | 54/58 | €272,678 | €343,684 | +€71,007 | +26.0% |
| Deferred charges and accrued income | 490/1 | - | €2,283 | +€2,283 | |
| Total equity and liabilities | 10/49 | €336,626 | €399,679 | +€63,053 | +18.7% |
| Equity | 10/15 | €218,131 | €276,408 | +€58,277 | +26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €191,860 | €249,860 | +€58,000 | +30.2% |
| 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 | €190,000 | €248,000 | +€58,000 | +30.5% |
| Profit (loss) carried forward | 14 | €7,671 | €7,948 | +€277 | +3.6% |
| Amounts payable | 17/49 | €118,495 | €123,271 | +€4,776 | +4.0% |
| Amounts payable within one year | 42/48 | €118,495 | €123,271 | +€4,776 | +4.0% |
| Trade debts | 44 | €2,502 | €5,992 | +€3,490 | +139% |
| Suppliers | 440/4 | €2,502 | €5,992 | +€3,490 | +139% |
| Taxes, remuneration and social security | 45 | €115,993 | €117,280 | +€1,287 | +1.1% |
| Taxes | 450/3 | €110,810 | €89,199 | -€21,611 | -19.5% |
| Remuneration and social security | 454/9 | €5,184 | €28,081 | +€22,897 | +442% |
| Non-recurring operating income | 76A | €8,431 | - | -€8,431 | |
| Remuneration, social security and pensions | 62 | €68,876 | €80,051 | +€11,175 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,919 | €14,046 | +€3,127 | +28.6% |
| Other operating charges | 640/8 | €6,571 | €8,083 | +€1,512 | +23.0% |
| Gross operating margin | 9900 | €113,841 | €177,847 | +€64,006 | +56.2% |
| Operating profit (loss) | 9901 | €27,474 | €75,667 | +€48,193 | +175% |
| Financial income | 75/76B | €153 | €6,347 | +€6,194 | +4,039% |
| Recurring financial income | 75 | €153 | €326 | +€173 | +113% |
| Non-recurring financial income | 76B | - | €6,021 | +€6,021 | |
| Financial charges | 65/66B | €531 | €1,308 | +€777 | +146% |
| Recurring financial charges | 65 | €531 | €1,308 | +€777 | +146% |
| Profit (loss) for the period before taxes | 9903 | €27,096 | €80,705 | +€53,609 | +198% |
| Income taxes | 67/77 | €10,500 | €22,428 | +€11,929 | +114% |
| Profit (loss) for the period | 9904 | €16,597 | €58,277 | +€41,680 | +251% |
| Profit (loss) for the period to be appropriated | 9905 | €16,597 | €58,277 | +€41,680 | +251% |
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.