A LATERE: 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.
A LATERE
Largest movements
- Receivables within one year -€109,241
down €109,241 (-68.5%), from €159,540 to €50,299
of which Trade receivables: -€80,115
- Current investments +€100,000
up €100,000 (+71.4%), from €140,000 to €240,000
- Tangible fixed assets -€45,160
down €45,160 (-11.6%), from €388,675 to €343,515
of which Land and buildings: -€42,131
- Cash +€36,724
up €36,724 (+32.8%), from €111,935 to €148,659
mainly Receivables within one year (+€109,241) and Depreciation (+€59,019)
- Reserves +€48,700
up €48,700 (+16.5%), from €294,523 to €343,223
of which Distributable reserves: +€48,700
- Debts after one year -€33,679
down €33,679 (-23.7%), from €141,817 to €108,138
- Current portion of long-term debt -€20,179
down €20,179 (-36.1%), from €55,887 to €35,708
- Gross operating margin -€42,092
down €42,092 (-23.0%), from €182,782 to €140,690
- Depreciation +€12,622
up €12,622 (+27.2%), from €46,397 to €59,019
- Taxes -€6,282
down €6,282 (-21.3%), from €29,440 to €23,157
- Financial income +€5,216
up €5,216 (+368.9%), from €1,414 to €6,630
- Other operating charges +€3,095
up €3,095 (+54.1%), from €5,724 to €8,819
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 | €824,835 | €807,604 | -€17,231 | -2.1% |
| Fixed assets | 21/28 | €388,675 | €343,515 | -€45,160 | -11.6% |
| Tangible fixed assets | 22/27 | €388,675 | €343,515 | -€45,160 | -11.6% |
| Land and buildings | 22 | €337,441 | €295,310 | -€42,131 | -12.5% |
| Plant, machinery and equipment | 23 | €43,762 | €35,940 | -€7,822 | -17.9% |
| Furniture and vehicles | 24 | €7,471 | €12,264 | +€4,793 | +64.1% |
| Current assets | 29/58 | €436,160 | €464,089 | +€27,929 | +6.4% |
| Amounts receivable within one year | 40/41 | €159,540 | €50,299 | -€109,241 | -68.5% |
| Trade receivables | 40 | €102,015 | €21,900 | -€80,115 | -78.5% |
| Other amounts receivable | 41 | €57,525 | €28,399 | -€29,125 | -50.6% |
| Current investments | 50/53 | €140,000 | €240,000 | +€100,000 | +71.4% |
| Cash at bank and in hand | 54/58 | €111,935 | €148,659 | +€36,724 | +32.8% |
| Deferred charges and accrued income | 490/1 | €24,686 | €25,131 | +€446 | +1.8% |
| Total equity and liabilities | 10/49 | €824,835 | €807,604 | -€17,231 | -2.1% |
| Equity | 10/15 | €581,368 | €630,096 | +€48,728 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €294,523 | €343,223 | +€48,700 | +16.5% |
| 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 | €292,663 | €341,363 | +€48,700 | +16.6% |
| Profit (loss) carried forward | 14 | €280,645 | €280,673 | +€28 | 0.0% |
| Amounts payable | 17/49 | €243,467 | €177,508 | -€65,959 | -27.1% |
| Amounts payable after more than one year | 17 | €141,817 | €108,138 | -€33,679 | -23.7% |
| Financial debts | 170/4 | €141,817 | €108,138 | -€33,679 | -23.7% |
| Amounts payable within one year | 42/48 | €101,650 | €69,370 | -€32,280 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €55,887 | €35,708 | -€20,179 | -36.1% |
| Trade debts | 44 | €31,078 | €24,136 | -€6,943 | -22.3% |
| Suppliers | 440/4 | €31,078 | €24,136 | -€6,943 | -22.3% |
| Taxes, remuneration and social security | 45 | €14,685 | €9,527 | -€5,158 | -35.1% |
| Taxes | 450/3 | €12,156 | €6,948 | -€5,208 | -42.8% |
| Remuneration and social security | 454/9 | €2,529 | €2,578 | +€50 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,397 | €59,019 | +€12,622 | +27.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,662 | €0 | +€2,662 | |
| Other operating charges | 640/8 | €5,724 | €8,819 | +€3,095 | +54.1% |
| Gross operating margin | 9900 | €182,782 | €140,690 | -€42,092 | -23.0% |
| Operating profit (loss) | 9901 | €133,323 | €72,853 | -€60,471 | -45.4% |
| Financial income | 75/76B | €1,414 | €6,630 | +€5,216 | +368.9% |
| Recurring financial income | 75 | €1,414 | €6,630 | +€5,216 | +368.9% |
| Financial charges | 65/66B | €7,321 | €7,597 | +€275 | +3.8% |
| Recurring financial charges | 65 | €7,321 | €7,597 | +€275 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €127,416 | €71,885 | -€55,530 | -43.6% |
| Income taxes | 67/77 | €29,440 | €23,157 | -€6,282 | -21.3% |
| Profit (loss) for the period | 9904 | €97,976 | €48,728 | -€49,248 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €97,976 | €48,728 | -€49,248 | -50.3% |
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 7 October 2026 via checked.be.