ALM QUALITY: 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.
ALM QUALITY
Largest movements
- Receivables within one year -€43,455
down €43,455 (-35.7%), from €121,732 to €78,276
of which Trade receivables: -€51,136
- Deferred charges and accrued income +€30,484
up €30,484 (+9,416%), from €324 to €30,807
- Cash +€8,857
up €8,857 (+556%), from €1,593 to €10,450
mainly Receivables within one year (+€43,455) and Depreciation (+€5,909)
- Tangible fixed assets +€8,773
up €8,773 (+41.3%), from €21,237 to €30,010
of which Other tangible fixed assets: +€5,171
- Trade debts +€2,678
up €2,678 (+2.2%), from €120,824 to €123,502
- Staff costs +€9,802
new in 2024: €9,802
- Depreciation +€4,451
up €4,451 (+305%), from €1,457 to €5,909
- Gross operating margin +€3,859
up €3,859 (+22.0%), from €17,537 to €21,397
- Taxes -€1,851
down €1,851 (-42.4%), from €4,362 to €2,511
- Financial charges +€1,042
up €1,042 (+398%), from €262 to €1,303
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 | €144,885 | €149,543 | +€4,658 | +3.2% |
| Fixed assets | 21/28 | €21,237 | €30,010 | +€8,773 | +41.3% |
| Tangible fixed assets | 22/27 | €21,237 | €30,010 | +€8,773 | +41.3% |
| Plant, machinery and equipment | 23 | €21,237 | €24,839 | +€3,602 | +17.0% |
| Other tangible fixed assets | 26 | - | €5,171 | +€5,171 | |
| Current assets | 29/58 | €123,648 | €119,533 | -€4,115 | -3.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €121,732 | €78,276 | -€43,455 | -35.7% |
| Trade receivables | 40 | €93,016 | €41,879 | -€51,136 | -55.0% |
| Other amounts receivable | 41 | €28,716 | €36,397 | +€7,681 | +26.7% |
| Cash at bank and in hand | 54/58 | €1,593 | €10,450 | +€8,857 | +556% |
| Deferred charges and accrued income | 490/1 | €324 | €30,807 | +€30,484 | +9,416% |
| Total equity and liabilities | 10/49 | €144,885 | €149,543 | +€4,658 | +3.2% |
| Equity | 10/15 | €18,357 | €18,889 | +€532 | +2.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €15,357 | €15,889 | +€532 | +3.5% |
| Distributable reserves | 133 | €15,357 | €15,889 | +€532 | +3.5% |
| Amounts payable | 17/49 | €126,528 | €130,654 | +€4,126 | +3.3% |
| Amounts payable within one year | 42/48 | €126,478 | €130,604 | +€4,126 | +3.3% |
| Trade debts | 44 | €120,824 | €123,502 | +€2,678 | +2.2% |
| Suppliers | 440/4 | €120,824 | €123,502 | +€2,678 | +2.2% |
| Taxes, remuneration and social security | 45 | €5,654 | €7,101 | +€1,448 | +25.6% |
| Taxes | 450/3 | €5,654 | €6,874 | +€1,220 | +21.6% |
| Remuneration and social security | 454/9 | - | €228 | +€228 | |
| Accrued charges and deferred income | 492/3 | €50 | €50 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,860 | +€1,860 | |
| Remuneration, social security and pensions | 62 | - | €9,802 | +€9,802 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,457 | €5,909 | +€4,451 | +305% |
| Other operating charges | 640/8 | €1,044 | €1,728 | +€685 | +65.6% |
| Non-recurring operating charges | 66A | - | €603 | +€603 | |
| Gross operating margin | 9900 | €17,537 | €21,397 | +€3,859 | +22.0% |
| Operating profit (loss) | 9901 | €15,036 | €3,355 | -€11,681 | -77.7% |
| Financial income | 75/76B | €349 | €992 | +€643 | +184% |
| Recurring financial income | 75 | €349 | €992 | +€643 | +184% |
| Financial charges | 65/66B | €262 | €1,303 | +€1,042 | +398% |
| Recurring financial charges | 65 | €262 | €1,303 | +€1,042 | +398% |
| Profit (loss) for the period before taxes | 9903 | €15,123 | €3,044 | -€12,080 | -79.9% |
| Income taxes | 67/77 | €4,362 | €2,511 | -€1,851 | -42.4% |
| Profit (loss) for the period | 9904 | €10,761 | €532 | -€10,229 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,761 | €532 | -€10,229 | -95.1% |
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 17 October 2026 via checked.be.