ALL INCLUDED: 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.
ALL INCLUDED
Largest movements
- Receivables within one year +€413,370
up €413,370 (+237%), from €174,373 to €587,744
of which Trade receivables: +€231,910
- Tangible fixed assets +€66,290
up €66,290 (+54.2%), from €122,252 to €188,542
of which Land and buildings: +€43,278
- Deferred charges and accrued income +€21,610
up €21,610 (+190%), from €11,400 to €33,010
- Cash -€18,309
down €18,309 (-45.1%), from €40,574 to €22,265
mainly Receivables within one year (-€413,370) and Investment in fixed assets (net) (-€99,335)
- Advances received +€243,172
new in 2024: €243,172
- Profit (loss) carried forward +€139,585
up €139,585 (+189%), from €73,857 to €213,443
- Tax, wage and social debts +€86,411
up €86,411 (+105%), from €82,110 to €168,521
of which Taxes: +€69,834
- Trade debts +€57,000
up €57,000 (+39.6%), from €143,849 to €200,849
- Other debts -€34,803
down €34,803 (-92.3%), from €37,724 to €2,922
- Gross operating margin +€257,961
up €257,961 (+111%), from €232,674 to €490,635
- Staff costs +€82,087
up €82,087 (+60.1%), from €136,648 to €218,735
- Taxes +€48,161
up €48,161 (+545%), from €8,832 to €56,993
- Other operating charges +€11,384
up €11,384 (+38.0%), from €29,924 to €41,308
- Depreciation +€10,762
up €10,762 (+59.1%), from €18,223 to €28,984
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 | €353,249 | €840,271 | +€487,023 | +138% |
| Fixed assets | 21/28 | €126,902 | €197,253 | +€70,351 | +55.4% |
| Tangible fixed assets | 22/27 | €122,252 | €188,542 | +€66,290 | +54.2% |
| Land and buildings | 22 | - | €43,278 | +€43,278 | |
| Furniture and vehicles | 24 | €105,145 | €103,179 | -€1,966 | -1.9% |
| Other tangible fixed assets | 26 | €17,107 | €42,085 | +€24,978 | +146% |
| Financial fixed assets | 28 | €4,650 | €8,711 | +€4,061 | +87.3% |
| Current assets | 29/58 | €226,347 | €643,019 | +€416,672 | +184% |
| Amounts receivable within one year | 40/41 | €174,373 | €587,744 | +€413,370 | +237% |
| Trade receivables | 40 | €142,199 | €374,109 | +€231,910 | +163% |
| Other amounts receivable | 41 | €32,174 | €213,635 | +€181,460 | +564% |
| Cash at bank and in hand | 54/58 | €40,574 | €22,265 | -€18,309 | -45.1% |
| Deferred charges and accrued income | 490/1 | €11,400 | €33,010 | +€21,610 | +190% |
| Total equity and liabilities | 10/49 | €353,249 | €840,271 | +€487,023 | +138% |
| Equity | 10/15 | €73,857 | €213,443 | +€139,585 | +189% |
| Profit (loss) carried forward | 14 | €73,857 | €213,443 | +€139,585 | +189% |
| Amounts payable | 17/49 | €279,392 | €626,829 | +€347,437 | +124% |
| Amounts payable within one year | 42/48 | €279,392 | €626,829 | +€347,437 | +124% |
| Current portion of amounts payable after more than one year | 42 | €15,709 | €11,365 | -€4,344 | -27.7% |
| Trade debts | 44 | €143,849 | €200,849 | +€57,000 | +39.6% |
| Suppliers | 440/4 | €143,849 | €200,849 | +€57,000 | +39.6% |
| Advances received on contracts in progress | 46 | - | €243,172 | +€243,172 | |
| Taxes, remuneration and social security | 45 | €82,110 | €168,521 | +€86,411 | +105% |
| Taxes | 450/3 | €42,002 | €111,837 | +€69,834 | +166% |
| Remuneration and social security | 454/9 | €40,108 | €56,685 | +€16,577 | +41.3% |
| Other amounts payable | 47/48 | €37,724 | €2,922 | -€34,803 | -92.3% |
| Remuneration, social security and pensions | 62 | €136,648 | €218,735 | +€82,087 | +60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,223 | €28,984 | +€10,762 | +59.1% |
| Other operating charges | 640/8 | €29,924 | €41,308 | +€11,384 | +38.0% |
| Gross operating margin | 9900 | €232,674 | €490,635 | +€257,961 | +111% |
| Operating profit (loss) | 9901 | €47,879 | €201,607 | +€153,728 | +321% |
| Financial income | 75/76B | €32 | €130 | +€98 | +312% |
| Recurring financial income | 75 | €32 | €130 | +€98 | +312% |
| Financial charges | 65/66B | €2,837 | €5,159 | +€2,322 | +81.9% |
| Recurring financial charges | 65 | €2,837 | €5,159 | +€2,322 | +81.9% |
| Profit (loss) for the period before taxes | 9903 | €45,074 | €196,578 | +€151,504 | +336% |
| Income taxes | 67/77 | €8,832 | €56,993 | +€48,161 | +545% |
| Profit (loss) for the period | 9904 | €36,242 | €139,585 | +€103,343 | +285% |
| Profit (loss) for the period to be appropriated | 9905 | €36,242 | €139,585 | +€103,343 | +285% |
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 22 October 2026 via checked.be.