ALL VISUAL COMMUNICATION: 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 VISUAL COMMUNICATION
Largest movements
- Tangible fixed assets -€44,489
down €44,489 (-10.9%), from €408,608 to €364,118
of which Land and buildings: -€24,920
- Receivables within one year -€12,534
down €12,534 (-16.5%), from €75,837 to €63,303
- Deferred charges and accrued income +€5,947
up €5,947 (+182.4%), from €3,260 to €9,207
- Debts after one year -€48,952
down €48,952 (-17.0%), from €288,596 to €239,644
- Other debts -€25,180
no longer reported in 2024 (was €25,180)
- Tax, wage and social debts +€10,342
up €10,342 (+18.5%), from €55,901 to €66,243
of which Remuneration and social security: +€10,025
- Trade debts +€8,130
up €8,130 (+17.7%), from €45,949 to €54,079
- Gross operating margin +€33,902
up €33,902 (+12.7%), from €267,368 to €301,270
- Staff costs +€33,469
up €33,469 (+17.2%), from €194,354 to €227,823
- Depreciation +€8,427
up €8,427 (+21.1%), from €39,870 to €48,298
- Other operating charges -€3,027
down €3,027 (-41.7%), from €7,262 to €4,234
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 | €577,131 | €525,329 | -€51,802 | -9.0% |
| Fixed assets | 21/28 | €408,608 | €364,118 | -€44,489 | -10.9% |
| Tangible fixed assets | 22/27 | €408,608 | €364,118 | -€44,489 | -10.9% |
| Land and buildings | 22 | €319,695 | €294,776 | -€24,920 | -7.8% |
| Plant, machinery and equipment | 23 | €16,326 | €12,977 | -€3,349 | -20.5% |
| Furniture and vehicles | 24 | €72,586 | €56,365 | -€16,221 | -22.3% |
| Current assets | 29/58 | €168,523 | €161,210 | -€7,313 | -4.3% |
| Stocks and contracts in progress | 3 | €40,313 | €42,163 | +€1,850 | +4.6% |
| Stocks | 30/36 | €40,313 | €42,163 | +€1,850 | +4.6% |
| Amounts receivable within one year | 40/41 | €75,837 | €63,303 | -€12,534 | -16.5% |
| Trade receivables | 40 | €75,837 | €63,303 | -€12,534 | -16.5% |
| Cash at bank and in hand | 54/58 | €49,113 | €46,537 | -€2,576 | -5.2% |
| Deferred charges and accrued income | 490/1 | €3,260 | €9,207 | +€5,947 | +182.4% |
| Total equity and liabilities | 10/49 | €577,131 | €525,329 | -€51,802 | -9.0% |
| Equity | 10/15 | €64,231 | €66,414 | +€2,183 | +3.4% |
| 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 | €43,771 | €45,954 | +€2,183 | +5.0% |
| Amounts payable | 17/49 | €512,900 | €458,914 | -€53,985 | -10.5% |
| Amounts payable after more than one year | 17 | €288,596 | €239,644 | -€48,952 | -17.0% |
| Financial debts | 170/4 | €288,596 | €239,644 | -€48,952 | -17.0% |
| Amounts payable within one year | 42/48 | €224,304 | €219,270 | -€5,034 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €47,274 | €48,948 | +€1,674 | +3.5% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €45,949 | €54,079 | +€8,130 | +17.7% |
| Suppliers | 440/4 | €45,949 | €54,079 | +€8,130 | +17.7% |
| Taxes, remuneration and social security | 45 | €55,901 | €66,243 | +€10,342 | +18.5% |
| Taxes | 450/3 | €21,386 | €21,703 | +€317 | +1.5% |
| Remuneration and social security | 454/9 | €34,515 | €44,540 | +€10,025 | +29.0% |
| Other amounts payable | 47/48 | €25,180 | - | -€25,180 | |
| Remuneration, social security and pensions | 62 | €194,354 | €227,823 | +€33,469 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,870 | €48,298 | +€8,427 | +21.1% |
| Other operating charges | 640/8 | €7,262 | €4,234 | -€3,027 | -41.7% |
| Gross operating margin | 9900 | €267,368 | €301,270 | +€33,902 | +12.7% |
| Operating profit (loss) | 9901 | €25,882 | €20,916 | -€4,967 | -19.2% |
| Financial income | 75/76B | €263 | €187 | -€76 | -28.8% |
| Recurring financial income | 75 | €263 | €187 | -€76 | -28.8% |
| Financial charges | 65/66B | €17,673 | €16,264 | -€1,409 | -8.0% |
| Recurring financial charges | 65 | €17,673 | €16,264 | -€1,409 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €8,472 | €4,838 | -€3,633 | -42.9% |
| Income taxes | 67/77 | €5,156 | €2,656 | -€2,501 | -48.5% |
| Profit (loss) for the period | 9904 | €3,315 | €2,183 | -€1,133 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,315 | €2,183 | -€1,133 | -34.2% |
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 1 October 2026 via checked.be.