ALSO NET: 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.
ALSO NET
Largest movements
- Receivables within one year -€83,451
down €83,451 (-35.3%), from €236,739 to €153,288
of which Trade receivables: -€101,476
- Cash +€40,984
new in 2024: €40,984
mainly Receivables within one year (+€83,451) and Net result for the year (+€11,287)
- Tangible fixed assets +€29,401
up €29,401 (+533.0%), from €5,516 to €34,918
of which Furniture and vehicles: +€29,496
- Trade debts -€30,567
down €30,567 (-31.4%), from €97,447 to €66,880
- Profit (loss) carried forward +€11,287
up €11,287 (+9.7%), from €115,888 to €127,174
- Tax, wage and social debts +€8,511
up €8,511 (+41.2%), from €20,682 to €29,192
of which Remuneration and social security: +€15,093
- Turnover +€138,160
up €138,160 (+27.5%), from €503,240 to €641,400
- Gross operating margin +€81,329
up €81,329 (+70.1%), from €116,063 to €197,392
- Staff costs +€70,875
up €70,875 (+83.6%), from €84,811 to €155,686
- Purchases and services +€56,831
up €56,831 (+14.7%), from €387,178 to €444,008
- Taxes +€11,062
new in 2024: €11,062
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 | €243,035 | €229,970 | -€13,065 | -5.4% |
| Fixed assets | 21/28 | €6,296 | €35,698 | +€29,401 | +467.0% |
| Tangible fixed assets | 22/27 | €5,516 | €34,918 | +€29,401 | +533.0% |
| Plant, machinery and equipment | 23 | €1,605 | €1,510 | -€95 | -5.9% |
| Furniture and vehicles | 24 | €3,912 | €33,408 | +€29,496 | +754.0% |
| Financial fixed assets | 28 | €780 | €780 | = | 0.0% |
| Current assets | 29/58 | €236,739 | €194,272 | -€42,466 | -17.9% |
| Amounts receivable within one year | 40/41 | €236,739 | €153,288 | -€83,451 | -35.3% |
| Trade receivables | 40 | €134,950 | €33,474 | -€101,476 | -75.2% |
| Other amounts receivable | 41 | €101,789 | €119,814 | +€18,025 | +17.7% |
| Cash at bank and in hand | 54/58 | - | €40,984 | +€40,984 | |
| Total equity and liabilities | 10/49 | €243,035 | €229,970 | -€13,065 | -5.4% |
| Equity | 10/15 | €122,088 | €133,374 | +€11,287 | +9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,888 | €127,174 | +€11,287 | +9.7% |
| Amounts payable | 17/49 | €120,947 | €96,595 | -€24,351 | -20.1% |
| Amounts payable after more than one year | 17 | €523 | €523 | = | 0.0% |
| Financial debts | 170/4 | €523 | €523 | = | 0.0% |
| Amounts payable within one year | 42/48 | €120,424 | €96,072 | -€24,351 | -20.2% |
| Financial debts | 43 | €2,295 | - | -€2,295 | |
| Credit institutions | 430/8 | €2,295 | - | -€2,295 | |
| Trade debts | 44 | €97,447 | €66,880 | -€30,567 | -31.4% |
| Suppliers | 440/4 | €97,447 | €66,880 | -€30,567 | -31.4% |
| Taxes, remuneration and social security | 45 | €20,682 | €29,192 | +€8,511 | +41.2% |
| Taxes | 450/3 | €7,013 | €431 | -€6,582 | -93.9% |
| Remuneration and social security | 454/9 | €13,669 | €28,762 | +€15,093 | +110.4% |
| Turnover | 70 | €503,240 | €641,400 | +€138,160 | +27.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €387,178 | €444,008 | +€56,831 | +14.7% |
| Remuneration, social security and pensions | 62 | €84,811 | €155,686 | +€70,875 | +83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,633 | €9,479 | +€1,846 | +24.2% |
| Other operating charges | 640/8 | €5,420 | €9,683 | +€4,263 | +78.7% |
| Gross operating margin | 9900 | €116,063 | €197,392 | +€81,329 | +70.1% |
| Operating profit (loss) | 9901 | €18,198 | €22,544 | +€4,345 | +23.9% |
| Financial charges | 65/66B | €155 | €195 | +€40 | +25.7% |
| Recurring financial charges | 65 | €155 | €195 | +€40 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €18,043 | €22,349 | +€4,305 | +23.9% |
| Income taxes | 67/77 | - | €11,062 | +€11,062 | |
| Profit (loss) for the period | 9904 | €18,043 | €11,287 | -€6,757 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,043 | €11,287 | -€6,757 | -37.4% |
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 7 October 2026 via checked.be.