2WK: 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.
2WK
Largest movements
- Stocks and contracts +€91,494
up €91,494 (+10.9%), from €835,965 to €927,459
- Cash -€64,394
down €64,394 (-50.7%), from €126,940 to €62,546
mainly Stocks and contracts (-€91,494) and Other debts (-€16,701)
- Tangible fixed assets -€19,947
down €19,947 (-27.1%), from €73,734 to €53,787
of which Furniture and vehicles: -€16,529
- Receivables within one year -€14,151
down €14,151 (-46.7%), from €30,289 to €16,137
of which Trade receivables: -€22,769
- Other debts -€16,701
down €16,701 (-5.0%), from €330,901 to €314,200
- Tax, wage and social debts -€12,147
down €12,147 (-21.7%), from €56,092 to €43,945
of which Taxes: -€9,661
- Staff costs +€29,437
up €29,437 (+15.7%), from €187,001 to €216,438
- Gross operating margin -€13,769
down €13,769 (-4.8%), from €289,229 to €275,460
- Taxes -€12,705
down €12,705 (-89.7%), from €14,159 to €1,454
- Financial charges +€5,952
up €5,952 (+30.7%), from €19,403 to €25,355
- Depreciation +€4,225
up €4,225 (+21.5%), from €19,651 to €23,876
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 | €1,070,105 | €1,063,780 | -€6,325 | -0.6% |
| Fixed assets | 21/28 | €74,093 | €54,145 | -€19,947 | -26.9% |
| Tangible fixed assets | 22/27 | €73,734 | €53,787 | -€19,947 | -27.1% |
| Plant, machinery and equipment | 23 | €28,980 | €23,081 | -€5,899 | -20.4% |
| Furniture and vehicles | 24 | €37,439 | €20,910 | -€16,529 | -44.1% |
| Other tangible fixed assets | 26 | €7,315 | €9,796 | +€2,480 | +33.9% |
| Financial fixed assets | 28 | €359 | €359 | = | 0.0% |
| Current assets | 29/58 | €996,012 | €1,009,635 | +€13,622 | +1.4% |
| Stocks and contracts in progress | 3 | €835,965 | €927,459 | +€91,494 | +10.9% |
| Stocks | 30/36 | €835,965 | €927,459 | +€91,494 | +10.9% |
| Amounts receivable within one year | 40/41 | €30,289 | €16,137 | -€14,151 | -46.7% |
| Trade receivables | 40 | €30,289 | €7,520 | -€22,769 | -75.2% |
| Other amounts receivable | 41 | - | €8,617 | +€8,617 | |
| Cash at bank and in hand | 54/58 | €126,940 | €62,546 | -€64,394 | -50.7% |
| Deferred charges and accrued income | 490/1 | €2,818 | €3,492 | +€674 | +23.9% |
| Total equity and liabilities | 10/49 | €1,070,105 | €1,063,780 | -€6,325 | -0.6% |
| Equity | 10/15 | €145,607 | €150,426 | +€4,818 | +3.3% |
| Contributions | 10/11 | €112,500 | €112,500 | = | 0.0% |
| Reserves | 13 | €33,107 | €37,926 | +€4,818 | +14.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €33,107 | €37,926 | +€4,818 | +14.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €924,497 | €913,354 | -€11,143 | -1.2% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €824,347 | €813,354 | -€10,993 | -1.3% |
| Financial debts | 43 | €205,000 | €205,000 | = | 0.0% |
| Credit institutions | 430/8 | €205,000 | €205,000 | = | 0.0% |
| Trade debts | 44 | €229,666 | €237,679 | +€8,013 | +3.5% |
| Suppliers | 440/4 | €229,666 | €237,679 | +€8,013 | +3.5% |
| Advances received on contracts in progress | 46 | €2,688 | €12,529 | +€9,841 | +366% |
| Taxes, remuneration and social security | 45 | €56,092 | €43,945 | -€12,147 | -21.7% |
| Taxes | 450/3 | €21,676 | €12,015 | -€9,661 | -44.6% |
| Remuneration and social security | 454/9 | €34,416 | €31,931 | -€2,485 | -7.2% |
| Other amounts payable | 47/48 | €330,901 | €314,200 | -€16,701 | -5.0% |
| Accrued charges and deferred income | 492/3 | €150 | €0 | -€150 | -100% |
| Non-recurring operating income | 76A | €6,089 | - | -€6,089 | |
| Remuneration, social security and pensions | 62 | €187,001 | €216,438 | +€29,437 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,651 | €23,876 | +€4,225 | +21.5% |
| Other operating charges | 640/8 | €3,309 | €3,920 | +€612 | +18.5% |
| Gross operating margin | 9900 | €289,229 | €275,460 | -€13,769 | -4.8% |
| Operating profit (loss) | 9901 | €79,268 | €31,226 | -€48,042 | -60.6% |
| Financial income | 75/76B | €459 | €401 | -€58 | -12.6% |
| Recurring financial income | 75 | €459 | €401 | -€58 | -12.6% |
| Financial charges | 65/66B | €19,403 | €25,355 | +€5,952 | +30.7% |
| Recurring financial charges | 65 | €19,403 | €25,355 | +€5,952 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €60,325 | €6,273 | -€54,052 | -89.6% |
| Income taxes | 67/77 | €14,159 | €1,454 | -€12,705 | -89.7% |
| Profit (loss) for the period | 9904 | €46,166 | €4,818 | -€41,348 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,166 | €4,818 | -€41,348 | -89.6% |
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 14 October 2026 via checked.be.