AFTER: 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.
AFTER
Largest movements
- Cash -€31,130
down €31,130 (-9.1%), from €340,886 to €309,756
mainly Contributions, distributions and other (-€95,000) and Investment in fixed assets (net) (-€25,847)
- Receivables within one year -€19,709
down €19,709 (-67.9%), from €29,033 to €9,324
of which Other amounts receivable: -€24,829
- Tangible fixed assets +€18,043
up €18,043 (+94.0%), from €19,184 to €37,227
of which Plant, machinery and equipment: +€18,462
- Receivables after one year +€13,815
new in 2024: €13,815
- Reserves -€11,270
down €11,270 (-3.5%), from €319,382 to €308,112
of which Distributable reserves: -€11,270
- Tax, wage and social debts -€5,356
down €5,356 (-11.9%), from €44,868 to €39,512
of which Remuneration and social security: -€8,615
- Gross operating margin +€47,462
up €47,462 (+15.0%), from €316,162 to €363,623
- Staff costs +€13,065
up €13,065 (+5.7%), from €228,855 to €241,921
- Taxes +€6,376
up €6,376 (+36.4%), from €17,503 to €23,879
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 | €408,882 | €391,631 | -€17,251 | -4.2% |
| Fixed assets | 21/28 | €19,434 | €37,477 | +€18,043 | +92.8% |
| Tangible fixed assets | 22/27 | €19,184 | €37,227 | +€18,043 | +94.0% |
| Plant, machinery and equipment | 23 | €14,007 | €32,469 | +€18,462 | +131.8% |
| Furniture and vehicles | 24 | €2,139 | €2,270 | +€130 | +6.1% |
| Other tangible fixed assets | 26 | €3,038 | €2,488 | -€550 | -18.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €389,448 | €354,154 | -€35,294 | -9.1% |
| Amounts receivable after more than one year | 29 | - | €13,815 | +€13,815 | |
| Other amounts receivable | 291 | - | €13,815 | +€13,815 | |
| Stocks and contracts in progress | 3 | €6,187 | €6,341 | +€154 | +2.5% |
| Stocks | 30/36 | €6,187 | €6,341 | +€154 | +2.5% |
| Amounts receivable within one year | 40/41 | €29,033 | €9,324 | -€19,709 | -67.9% |
| Trade receivables | 40 | €3,473 | €8,592 | +€5,120 | +147.4% |
| Other amounts receivable | 41 | €25,561 | €732 | -€24,829 | -97.1% |
| Current investments | 50/53 | €6,606 | €6,634 | +€28 | +0.4% |
| Cash at bank and in hand | 54/58 | €340,886 | €309,756 | -€31,130 | -9.1% |
| Deferred charges and accrued income | 490/1 | €6,736 | €8,284 | +€1,548 | +23.0% |
| Total equity and liabilities | 10/49 | €408,882 | €391,631 | -€17,251 | -4.2% |
| Equity | 10/15 | €339,382 | €328,112 | -€11,270 | -3.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €319,382 | €308,112 | -€11,270 | -3.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €319,382 | €308,112 | -€11,270 | -3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,500 | €63,519 | -€5,981 | -8.6% |
| Amounts payable within one year | 42/48 | €67,220 | €63,519 | -€3,701 | -5.5% |
| Financial debts | 43 | €631 | €0 | -€631 | -100.0% |
| Credit institutions | 430/8 | €631 | €0 | -€631 | -100.0% |
| Trade debts | 44 | €15,908 | €19,470 | +€3,561 | +22.4% |
| Suppliers | 440/4 | €15,908 | €19,470 | +€3,561 | +22.4% |
| Taxes, remuneration and social security | 45 | €44,868 | €39,512 | -€5,356 | -11.9% |
| Taxes | 450/3 | €20,957 | €24,216 | +€3,260 | +15.6% |
| Remuneration and social security | 454/9 | €23,911 | €15,296 | -€8,615 | -36.0% |
| Other amounts payable | 47/48 | €5,813 | €4,537 | -€1,276 | -22.0% |
| Accrued charges and deferred income | 492/3 | €2,280 | €0 | -€2,280 | -100.0% |
| Non-recurring operating income | 76A | €0 | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €228,855 | €241,921 | +€13,065 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,103 | €7,804 | +€1,701 | +27.9% |
| Other operating charges | 640/8 | €4,939 | €3,769 | -€1,170 | -23.7% |
| Non-recurring operating charges | 66A | €0 | €1,112 | +€1,112 | |
| Gross operating margin | 9900 | €316,162 | €363,623 | +€47,462 | +15.0% |
| Operating profit (loss) | 9901 | €76,265 | €109,018 | +€32,753 | +42.9% |
| Financial income | 75/76B | €120 | €56 | -€64 | -53.6% |
| Recurring financial income | 75 | €120 | €56 | -€64 | -53.6% |
| Financial charges | 65/66B | €1,494 | €1,465 | -€29 | -2.0% |
| Recurring financial charges | 65 | €1,494 | €1,465 | -€29 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €74,891 | €107,609 | +€32,718 | +43.7% |
| Income taxes | 67/77 | €17,503 | €23,879 | +€6,376 | +36.4% |
| Profit (loss) for the period | 9904 | €57,388 | €83,730 | +€26,342 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,388 | €83,730 | +€26,342 | +45.9% |
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 9 October 2026 via checked.be.