1880: 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.
1880
Largest movements
- Tangible fixed assets +€350,486
up €350,486 (+47.4%), from €738,646 to €1.1m
of which Land and buildings: +€342,768
- Deferred charges and accrued income +€51,328
up €51,328 (+8766.6%), from €585 to €51,913
- Receivables within one year +€31,948
up €31,948 (+469.3%), from €6,808 to €38,756
of which Trade receivables: +€35,070
- Debts after one year +€395,133
up €395,133 (+32.0%), from €1.2m to €1.6m
of which Financial debts: +€315,133
- Trade debts +€77,789
new in 2024: €77,789
- Profit (loss) carried forward -€50,351
down €50,351 (-9.1%), from -€556,328 to -€606,680
- Current portion of long-term debt +€15,918
up €15,918 (+25.8%), from €61,745 to €77,663
- Write-downs -€446,775
no longer reported in 2024 (was €446,775)
- Depreciation +€51,908
up €51,908 (+97.3%), from €53,323 to €105,232
- Gross operating margin +€43,984
up €43,984 (+64.1%), from €68,661 to €112,645
- Financial charges +€11,408
up €11,408 (+29.0%), from €39,318 to €50,727
- Other operating charges +€2,799
up €2,799 (+63.0%), from €4,443 to €7,241
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 | €795,665 | €1,237,713 | +€442,048 | +55.6% |
| Fixed assets | 21/28 | €738,646 | €1,089,131 | +€350,486 | +47.4% |
| Tangible fixed assets | 22/27 | €738,646 | €1,089,131 | +€350,486 | +47.4% |
| Land and buildings | 22 | €575,032 | €917,800 | +€342,768 | +59.6% |
| Other tangible fixed assets | 26 | €163,614 | €171,331 | +€7,717 | +4.7% |
| Current assets | 29/58 | €57,019 | €148,581 | +€91,563 | +160.6% |
| Amounts receivable within one year | 40/41 | €6,808 | €38,756 | +€31,948 | +469.3% |
| Trade receivables | 40 | €3,152 | €38,222 | +€35,070 | +1112.5% |
| Other amounts receivable | 41 | €3,656 | €533 | -€3,122 | -85.4% |
| Cash at bank and in hand | 54/58 | €49,625 | €57,913 | +€8,288 | +16.7% |
| Deferred charges and accrued income | 490/1 | €585 | €51,913 | +€51,328 | +8766.6% |
| Total equity and liabilities | 10/49 | €795,665 | €1,237,713 | +€442,048 | +55.6% |
| Equity | 10/15 | -€543,212 | -€593,564 | -€50,351 | -9.3% |
| Contributions | 10/11 | €13,116 | €13,116 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€556,328 | -€606,680 | -€50,351 | -9.1% |
| Amounts payable | 17/49 | €1,338,877 | €1,831,277 | +€492,400 | +36.8% |
| Amounts payable after more than one year | 17 | €1,234,767 | €1,629,901 | +€395,133 | +32.0% |
| Financial debts | 170/4 | €684,767 | €999,901 | +€315,133 | +46.0% |
| Other amounts payable | 178/9 | €550,000 | €630,000 | +€80,000 | +14.5% |
| Amounts payable within one year | 42/48 | €103,021 | €199,825 | +€96,804 | +94.0% |
| Current portion of amounts payable after more than one year | 42 | €61,745 | €77,663 | +€15,918 | +25.8% |
| Trade debts | 44 | - | €77,789 | +€77,789 | |
| Suppliers | 440/4 | - | €77,789 | +€77,789 | |
| Advances received on contracts in progress | 46 | - | €68 | +€68 | |
| Taxes, remuneration and social security | 45 | - | €2,341 | +€2,341 | |
| Taxes | 450/3 | - | €2,341 | +€2,341 | |
| Other amounts payable | 47/48 | €41,276 | €41,964 | +€688 | +1.7% |
| Accrued charges and deferred income | 492/3 | €1,089 | €1,551 | +€462 | +42.4% |
| Non-recurring operating income | 76A | €15,435 | €7,717 | -€7,717 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,323 | €105,232 | +€51,908 | +97.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €446,775 | - | -€446,775 | |
| Other operating charges | 640/8 | €4,443 | €7,241 | +€2,799 | +63.0% |
| Gross operating margin | 9900 | €68,661 | €112,645 | +€43,984 | +64.1% |
| Operating profit (loss) | 9901 | -€435,879 | €173 | +€436,052 | |
| Financial income | 75/76B | €16 | €203 | +€186 | +1133.7% |
| Recurring financial income | 75 | €16 | €203 | +€186 | +1133.7% |
| Financial charges | 65/66B | €39,318 | €50,727 | +€11,408 | +29.0% |
| Recurring financial charges | 65 | €39,318 | €50,727 | +€11,408 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | -€475,181 | -€50,351 | +€424,830 | +89.4% |
| Profit (loss) for the period | 9904 | -€475,181 | -€50,351 | +€424,830 | +89.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€475,181 | -€50,351 | +€424,830 | +89.4% |
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 29 September 2026 via checked.be.