1927 EVENTS: 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.
1927 EVENTS
Largest movements
- Tangible fixed assets +€61,679
up €61,679 (+533%), from €11,578 to €73,256
of which Other tangible fixed assets: +€62,314
- Cash -€16,748
down €16,748 (-45.1%), from €37,120 to €20,372
mainly Investment in fixed assets (net) (-€67,873) and Trade debts (-€4,506)
- Stocks and contracts +€1,053
up €1,053 (+27.0%), from €3,899 to €4,952
- Debts after one year +€42,996
new in 2024: €42,996
- Trade debts -€4,506
down €4,506 (-68.0%), from €6,623 to €2,117
- Current portion of long-term debt +€4,079
new in 2024: €4,079
- Profit (loss) carried forward +€1,750
up €1,750 (+16.8%), from €10,415 to €12,165
- Depreciation +€5,559
up €5,559 (+875%), from €635 to €6,194
- Gross operating margin -€3,126
down €3,126 (-16.6%), from €18,843 to €15,718
- Taxes -€2,000
down €2,000 (-44.1%), from €4,539 to €2,539
- Financial charges +€1,848
up €1,848 (+219%), from €846 to €2,694
- Financial income +€404
up €404 (+1,338%), from €30 to €434
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 | €56,291 | €102,059 | +€45,769 | +81.3% |
| Fixed assets | 21/28 | €11,578 | €73,256 | +€61,679 | +533% |
| Tangible fixed assets | 22/27 | €11,578 | €73,256 | +€61,679 | +533% |
| Plant, machinery and equipment | 23 | €1,159 | €729 | -€430 | -37.1% |
| Furniture and vehicles | 24 | €410 | €205 | -€205 | -50.0% |
| Other tangible fixed assets | 26 | €10,009 | €72,322 | +€62,314 | +623% |
| Current assets | 29/58 | €44,713 | €28,803 | -€15,910 | -35.6% |
| Stocks and contracts in progress | 3 | €3,899 | €4,952 | +€1,053 | +27.0% |
| Stocks | 30/36 | €3,899 | €4,952 | +€1,053 | +27.0% |
| Amounts receivable within one year | 40/41 | €928 | €1,002 | +€73 | +7.9% |
| Trade receivables | 40 | €928 | €1,002 | +€73 | +7.9% |
| Cash at bank and in hand | 54/58 | €37,120 | €20,372 | -€16,748 | -45.1% |
| Deferred charges and accrued income | 490/1 | €2,766 | €2,478 | -€288 | -10.4% |
| Total equity and liabilities | 10/49 | €56,291 | €102,059 | +€45,769 | +81.3% |
| Equity | 10/15 | €29,091 | €30,841 | +€1,750 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76 | €76 | = | 0.0% |
| Non-distributable reserves | 130/1 | €76 | €76 | = | 0.0% |
| Reserves not available under the articles | 1311 | €76 | €76 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,415 | €12,165 | +€1,750 | +16.8% |
| Amounts payable | 17/49 | €27,199 | €71,218 | +€44,019 | +162% |
| Amounts payable after more than one year | 17 | - | €42,996 | +€42,996 | |
| Financial debts | 170/4 | - | €42,996 | +€42,996 | |
| Amounts payable within one year | 42/48 | €27,199 | €28,222 | +€1,022 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,079 | +€4,079 | |
| Trade debts | 44 | €6,623 | €2,117 | -€4,506 | -68.0% |
| Suppliers | 440/4 | €6,623 | €2,117 | -€4,506 | -68.0% |
| Taxes, remuneration and social security | 45 | €11,364 | €11,889 | +€525 | +4.6% |
| Taxes | 450/3 | €11,364 | €11,889 | +€525 | +4.6% |
| Other amounts payable | 47/48 | €9,212 | €10,136 | +€924 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €635 | €6,194 | +€5,559 | +875% |
| Other operating charges | 640/8 | €2,740 | €2,973 | +€233 | +8.5% |
| Gross operating margin | 9900 | €18,843 | €15,718 | -€3,126 | -16.6% |
| Operating profit (loss) | 9901 | €15,468 | €6,550 | -€8,918 | -57.7% |
| Financial income | 75/76B | €30 | €434 | +€404 | +1,338% |
| Recurring financial income | 75 | €30 | €434 | +€404 | +1,338% |
| Financial charges | 65/66B | €846 | €2,694 | +€1,848 | +219% |
| Recurring financial charges | 65 | €846 | €2,694 | +€1,848 | +219% |
| Profit (loss) for the period before taxes | 9903 | €14,653 | €4,290 | -€10,363 | -70.7% |
| Income taxes | 67/77 | €4,539 | €2,539 | -€2,000 | -44.1% |
| Profit (loss) for the period | 9904 | €10,113 | €1,750 | -€8,363 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,113 | €1,750 | -€8,363 | -82.7% |
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.