All Area: 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.
All Area
Largest movements
- Receivables within one year -€41,512
down €41,512 (-56.7%), from €73,224 to €31,712
of which Other amounts receivable: -€22,761
- Cash -€7,965
down €7,965 (-15.0%), from €53,268 to €45,303
mainly Investment in fixed assets (net) (-€24,674) and Other debts (-€19,173)
- Tangible fixed assets +€7,251
up €7,251 (+11.2%), from €65,012 to €72,263
of which Furniture and vehicles: +€7,731
- Profit (loss) carried forward -€35,198
no longer reported in 2024 (was €35,198)
- Reserves +€24,665
up €24,665 (+25.3%), from €97,522 to €122,187
of which Distributable reserves: +€24,665
- Other debts -€19,173
no longer reported in 2024 (was €19,173)
- Debts after one year -€10,181
down €10,181 (-21.6%), from €47,201 to €37,020
- Tax, wage and social debts -€8,613
down €8,613 (-63.9%), from €13,471 to €4,857
of which Taxes: -€6,335
- Gross operating margin -€58,203
down €58,203 (-82.2%), from €70,815 to €12,611
- Taxes -€13,072
down €13,072 (-89.5%), from €14,607 to €1,535
- Financial charges -€3,324
down €3,324 (-65.7%), from €5,060 to €1,736
- Other operating charges -€2,656
down €2,656 (-33.8%), from €7,863 to €5,207
- Depreciation +€2,482
up €2,482 (+16.6%), from €14,941 to €17,423
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 | €229,546 | €188,962 | -€40,584 | -17.7% |
| Fixed assets | 21/28 | €98,681 | €105,932 | +€7,251 | +7.3% |
| Intangible fixed assets | 21 | €33,668 | €33,668 | = | 0.0% |
| Tangible fixed assets | 22/27 | €65,012 | €72,263 | +€7,251 | +11.2% |
| Land and buildings | 22 | €51,666 | €46,570 | -€5,096 | -9.9% |
| Plant, machinery and equipment | 23 | €3,902 | €10,707 | +€6,805 | +174.4% |
| Furniture and vehicles | 24 | €6,496 | €14,228 | +€7,731 | +119.0% |
| Other tangible fixed assets | 26 | €2,948 | €758 | -€2,190 | -74.3% |
| Current assets | 29/58 | €130,865 | €83,030 | -€47,835 | -36.6% |
| Amounts receivable within one year | 40/41 | €73,224 | €31,712 | -€41,512 | -56.7% |
| Trade receivables | 40 | €22,271 | €3,520 | -€18,751 | -84.2% |
| Other amounts receivable | 41 | €50,953 | €28,192 | -€22,761 | -44.7% |
| Cash at bank and in hand | 54/58 | €53,268 | €45,303 | -€7,965 | -15.0% |
| Deferred charges and accrued income | 490/1 | €4,374 | €6,015 | +€1,642 | +37.5% |
| Total equity and liabilities | 10/49 | €229,546 | €188,962 | -€40,584 | -17.7% |
| Equity | 10/15 | €138,920 | €128,387 | -€10,534 | -7.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €97,522 | €122,187 | +€24,665 | +25.3% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €95,022 | €119,687 | +€24,665 | +26.0% |
| Profit (loss) carried forward | 14 | €35,198 | - | -€35,198 | |
| Amounts payable | 17/49 | €90,626 | €60,575 | -€30,051 | -33.2% |
| Amounts payable after more than one year | 17 | €47,201 | €37,020 | -€10,181 | -21.6% |
| Financial debts | 170/4 | €47,201 | €37,020 | -€10,181 | -21.6% |
| Amounts payable within one year | 42/48 | €43,425 | €23,556 | -€19,870 | -45.8% |
| Current portion of amounts payable after more than one year | 42 | €10,782 | €10,181 | -€601 | -5.6% |
| Trade debts | 44 | - | €8,517 | +€8,517 | |
| Suppliers | 440/4 | - | €8,517 | +€8,517 | |
| Taxes, remuneration and social security | 45 | €13,471 | €4,857 | -€8,613 | -63.9% |
| Taxes | 450/3 | €11,192 | €4,857 | -€6,335 | -56.6% |
| Remuneration and social security | 454/9 | €2,279 | - | -€2,279 | |
| Other amounts payable | 47/48 | €19,173 | - | -€19,173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,941 | €17,423 | +€2,482 | +16.6% |
| Other operating charges | 640/8 | €7,863 | €5,207 | -€2,656 | -33.8% |
| Gross operating margin | 9900 | €70,815 | €12,611 | -€58,203 | -82.2% |
| Operating profit (loss) | 9901 | €48,011 | -€10,019 | -€58,030 | |
| Financial income | 75/76B | €2,169 | €2,757 | +€588 | +27.1% |
| Recurring financial income | 75 | €2,169 | €2,757 | +€588 | +27.1% |
| Financial charges | 65/66B | €5,060 | €1,736 | -€3,324 | -65.7% |
| Recurring financial charges | 65 | €5,060 | €1,736 | -€3,324 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €45,119 | -€8,999 | -€54,118 | |
| Income taxes | 67/77 | €14,607 | €1,535 | -€13,072 | -89.5% |
| Profit (loss) for the period | 9904 | €30,512 | -€10,534 | -€41,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,512 | -€10,534 | -€41,045 |
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 5 October 2026 via checked.be.