A23: 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.
A23
Largest movements
- Cash -€103,475
down €103,475 (-24.7%), from €419,479 to €316,004
mainly Receivables within one year (-€72,931) and Trade debts (-€58,782)
- Receivables within one year +€72,931
up €72,931 (+31.0%), from €235,366 to €308,297
of which Trade receivables: +€64,720
- Tangible fixed assets -€34,170
down €34,170 (-6.2%), from €548,280 to €514,110
of which Land and buildings: -€17,974
- Trade debts -€58,782
down €58,782 (-15.2%), from €387,634 to €328,852
- Profit (loss) carried forward +€52,710
up €52,710 (+12.9%), from €407,699 to €460,408
- Debts after one year -€42,816
down €42,816 (-17.0%), from €251,664 to €208,848
- Tax, wage and social debts -€15,169
down €15,169 (-32.1%), from €47,204 to €32,035
- Taxes +€37,302
new in 2024: €37,302
- Gross operating margin +€31,681
up €31,681 (+26.7%), from €118,586 to €150,267
- Financial charges +€5,292
up €5,292 (+103.0%), from €5,140 to €10,431
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 | €1,222,306 | €1,158,910 | -€63,397 | -5.2% |
| Fixed assets | 21/28 | €548,280 | €514,110 | -€34,170 | -6.2% |
| Tangible fixed assets | 22/27 | €548,280 | €514,110 | -€34,170 | -6.2% |
| Land and buildings | 22 | €451,034 | €433,060 | -€17,974 | -4.0% |
| Plant, machinery and equipment | 23 | €68,451 | €63,609 | -€4,843 | -7.1% |
| Furniture and vehicles | 24 | €28,795 | €17,441 | -€11,354 | -39.4% |
| Current assets | 29/58 | €674,026 | €644,799 | -€29,227 | -4.3% |
| Amounts receivable after more than one year | 29 | €16,952 | €16,952 | = | 0.0% |
| Other amounts receivable | 291 | €16,952 | €16,952 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €235,366 | €308,297 | +€72,931 | +31.0% |
| Trade receivables | 40 | €17,227 | €81,946 | +€64,720 | +375.7% |
| Other amounts receivable | 41 | €218,139 | €226,351 | +€8,212 | +3.8% |
| Cash at bank and in hand | 54/58 | €419,479 | €316,004 | -€103,475 | -24.7% |
| Deferred charges and accrued income | 490/1 | €2,229 | €3,546 | +€1,317 | +59.1% |
| Total equity and liabilities | 10/49 | €1,222,306 | €1,158,910 | -€63,397 | -5.2% |
| Equity | 10/15 | €428,159 | €480,868 | +€52,710 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €407,699 | €460,408 | +€52,710 | +12.9% |
| Provisions and deferred taxes | 16 | €65,490 | €65,490 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €65,490 | €65,490 | = | 0.0% |
| Major repairs and maintenance | 162 | €65,490 | €65,490 | = | 0.0% |
| Amounts payable | 17/49 | €728,658 | €612,551 | -€116,106 | -15.9% |
| Amounts payable after more than one year | 17 | €251,664 | €208,848 | -€42,816 | -17.0% |
| Financial debts | 170/4 | €251,664 | €208,848 | -€42,816 | -17.0% |
| Amounts payable within one year | 42/48 | €476,994 | €403,704 | -€73,290 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €42,156 | €42,816 | +€660 | +1.6% |
| Trade debts | 44 | €387,634 | €328,852 | -€58,782 | -15.2% |
| Suppliers | 440/4 | €387,634 | €328,852 | -€58,782 | -15.2% |
| Taxes, remuneration and social security | 45 | €47,204 | €32,035 | -€15,169 | -32.1% |
| Taxes | 450/3 | €47,204 | €32,035 | -€15,169 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,461 | €49,353 | +€892 | +1.8% |
| Other operating charges | 640/8 | €2,305 | €2,896 | +€591 | +25.7% |
| Non-recurring operating charges | 66A | €65,490 | - | -€65,490 | |
| Gross operating margin | 9900 | €118,586 | €150,267 | +€31,681 | +26.7% |
| Operating profit (loss) | 9901 | €2,330 | €98,018 | +€95,688 | +4107.1% |
| Financial income | 75/76B | €1,504 | €2,425 | +€921 | +61.3% |
| Recurring financial income | 75 | €1,504 | €2,425 | +€921 | +61.3% |
| Financial charges | 65/66B | €5,140 | €10,431 | +€5,292 | +103.0% |
| Recurring financial charges | 65 | €5,140 | €10,431 | +€5,292 | +103.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,306 | €90,012 | +€91,318 | |
| Income taxes | 67/77 | - | €37,302 | +€37,302 | |
| Profit (loss) for the period | 9904 | -€1,306 | €52,710 | +€54,016 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,306 | €52,710 | +€54,016 |
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.