4 OKTOBER: 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.
4 OKTOBER
Largest movements
- Cash +€415,523
up €415,523 (+151%), from €275,125 to €690,649
mainly Net result for the year (+€772,680) and Receivables within one year (+€316,835)
- Receivables within one year -€316,835
down €316,835 (-38.6%), from €820,536 to €503,701
of which Other amounts receivable: -€267,136
- Tangible fixed assets +€193,843
up €193,843 (+21.5%), from €901,965 to €1.1m
of which Other tangible fixed assets: +€155,175
- Reserves +€272,680
up €272,680 (+13.1%), from €2.1m to €2.4m
of which Distributable reserves: +€272,680
- Tax, wage and social debts +€135,866
up €135,866 (+103,305%), from €132 to €135,998
- Trade debts -€91,185
down €91,185 (-54.8%), from €166,337 to €75,152
- Advances received -€61,012
down €61,012 (-15.1%), from €404,878 to €343,866
- Gross operating margin +€911,222
up €911,222, from -€16,676 to €894,547
- Taxes +€90,860
up €90,860 (+69,084%), from €132 to €90,991
- Other operating charges -€58,547
down €58,547 (-92.5%), from €63,292 to €4,745
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 | €3,530,725 | €3,823,207 | +€292,481 | +8.3% |
| Fixed assets | 21/28 | €901,965 | €1,095,807 | +€193,843 | +21.5% |
| Tangible fixed assets | 22/27 | €901,965 | €1,095,807 | +€193,843 | +21.5% |
| Plant, machinery and equipment | 23 | €135 | €6,624 | +€6,489 | +4,824% |
| Furniture and vehicles | 24 | €44,619 | €76,796 | +€32,178 | +72.1% |
| Other tangible fixed assets | 26 | €857,211 | €1,012,387 | +€155,175 | +18.1% |
| Current assets | 29/58 | €2,628,761 | €2,727,399 | +€98,639 | +3.8% |
| Amounts receivable after more than one year | 29 | €1,527,500 | €1,527,500 | = | 0.0% |
| Other amounts receivable | 291 | €1,527,500 | €1,527,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €820,536 | €503,701 | -€316,835 | -38.6% |
| Trade receivables | 40 | €443,595 | €393,896 | -€49,699 | -11.2% |
| Other amounts receivable | 41 | €376,941 | €109,805 | -€267,136 | -70.9% |
| Cash at bank and in hand | 54/58 | €275,125 | €690,649 | +€415,523 | +151% |
| Deferred charges and accrued income | 490/1 | €5,600 | €5,550 | -€50 | -0.9% |
| Total equity and liabilities | 10/49 | €3,530,725 | €3,823,207 | +€292,481 | +8.3% |
| Equity | 10/15 | €2,287,698 | €2,560,378 | +€272,680 | +11.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,089,109 | €2,361,789 | +€272,680 | +13.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,089,109 | €2,361,789 | +€272,680 | +13.1% |
| Profit (loss) carried forward | 14 | €186,189 | €186,189 | = | 0.0% |
| Amounts payable | 17/49 | €1,243,027 | €1,262,828 | +€19,801 | +1.6% |
| Amounts payable after more than one year | 17 | €628,402 | €640,970 | +€12,568 | +2.0% |
| Financial debts | 170/4 | €628,402 | €640,970 | +€12,568 | +2.0% |
| Amounts payable within one year | 42/48 | €614,626 | €621,859 | +€7,233 | +1.2% |
| Financial debts | 43 | - | €4,816 | +€4,816 | |
| Credit institutions | 430/8 | - | €4,816 | +€4,816 | |
| Trade debts | 44 | €166,337 | €75,152 | -€91,185 | -54.8% |
| Suppliers | 440/4 | €166,337 | €75,152 | -€91,185 | -54.8% |
| Advances received on contracts in progress | 46 | €404,878 | €343,866 | -€61,012 | -15.1% |
| Taxes, remuneration and social security | 45 | €132 | €135,998 | +€135,866 | +103,305% |
| Taxes | 450/3 | €132 | €135,998 | +€135,866 | +103,305% |
| Other amounts payable | 47/48 | €43,279 | €62,027 | +€18,748 | +43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,152 | €23,761 | -€5,391 | -18.5% |
| Other operating charges | 640/8 | €63,292 | €4,745 | -€58,547 | -92.5% |
| Gross operating margin | 9900 | -€16,676 | €894,547 | +€911,222 | |
| Operating profit (loss) | 9901 | -€109,119 | €866,041 | +€975,161 | |
| Financial income | 75/76B | €36,161 | €31,204 | -€4,957 | -13.7% |
| Recurring financial income | 75 | €36,161 | €31,204 | -€4,957 | -13.7% |
| Financial charges | 65/66B | €38,518 | €33,574 | -€4,944 | -12.8% |
| Recurring financial charges | 65 | €38,518 | €33,574 | -€4,944 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€111,476 | €863,671 | +€975,147 | |
| Income taxes | 67/77 | €132 | €90,991 | +€90,860 | +69,084% |
| Profit (loss) for the period | 9904 | -€111,608 | €772,680 | +€884,288 | |
| Profit (loss) for the period to be appropriated | 9905 | -€111,608 | €772,680 | +€884,288 |
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.