AML: 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.
AML
Largest movements
- Receivables within one year -€31,901
down €31,901 (-18.3%), from €174,594 to €142,693
of which Trade receivables: -€41,640
- Cash +€14,220
up €14,220 (+85.8%), from €16,581 to €30,801
mainly Receivables within one year (+€31,901) and Net result for the year (+€16,340)
- Deferred charges and accrued income +€9,593
up €9,593 (+706.9%), from €1,357 to €10,951
- Tangible fixed assets -€8,671
down €8,671 (-12.9%), from €67,167 to €58,496
of which Furniture and vehicles: -€4,847
- Financial fixed assets -€3,000
no longer reported in 2024 (was €3,000)
- Short-term financial debts -€19,027
down €19,027 (-40.3%), from €47,156 to €28,129
of which Other loans: -€31,920
- Profit (loss) carried forward +€16,340
up €16,340 (+18.8%), from -€86,833 to -€70,493
- Trade debts -€15,863
down €15,863 (-19.4%), from €81,772 to €65,909
- Debts after one year -€6,278
down €6,278 (-10.5%), from €59,563 to €53,284
- Tax, wage and social debts +€3,970
up €3,970 (+6.6%), from €60,201 to €64,171
of which Taxes: +€9,328
- Gross operating margin -€8,803
down €8,803 (-2.4%), from €361,411 to €352,608
- Taxes +€4,187
up €4,187 (+70.3%), from €5,959 to €10,146
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 | €271,116 | €251,358 | -€19,759 | -7.3% |
| Fixed assets | 21/28 | €70,167 | €58,496 | -€11,671 | -16.6% |
| Tangible fixed assets | 22/27 | €67,167 | €58,496 | -€8,671 | -12.9% |
| Plant, machinery and equipment | 23 | €959 | €764 | -€196 | -20.4% |
| Furniture and vehicles | 24 | €8,687 | €3,840 | -€4,847 | -55.8% |
| Other tangible fixed assets | 26 | €57,521 | €53,892 | -€3,629 | -6.3% |
| Financial fixed assets | 28 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €200,949 | €192,862 | -€8,087 | -4.0% |
| Stocks and contracts in progress | 3 | €8,417 | €8,417 | = | 0.0% |
| Stocks | 30/36 | €8,417 | €8,417 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €174,594 | €142,693 | -€31,901 | -18.3% |
| Trade receivables | 40 | €154,893 | €113,253 | -€41,640 | -26.9% |
| Other amounts receivable | 41 | €19,701 | €29,440 | +€9,740 | +49.4% |
| Cash at bank and in hand | 54/58 | €16,581 | €30,801 | +€14,220 | +85.8% |
| Deferred charges and accrued income | 490/1 | €1,357 | €10,951 | +€9,593 | +706.9% |
| Total equity and liabilities | 10/49 | €271,116 | €251,358 | -€19,759 | -7.3% |
| Equity | 10/15 | -€21,973 | -€5,633 | +€16,340 | +74.4% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,833 | -€70,493 | +€16,340 | +18.8% |
| Amounts payable | 17/49 | €293,089 | €256,990 | -€36,099 | -12.3% |
| Amounts payable after more than one year | 17 | €59,563 | €53,284 | -€6,278 | -10.5% |
| Financial debts | 170/4 | €59,563 | €53,284 | -€6,278 | -10.5% |
| Amounts payable within one year | 42/48 | €233,526 | €203,706 | -€29,820 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €6,048 | €6,278 | +€231 | +3.8% |
| Financial debts | 43 | €47,156 | €28,129 | -€19,027 | -40.3% |
| Credit institutions | 430/8 | €10,026 | €22,919 | +€12,893 | +128.6% |
| Other loans | 439 | €37,130 | €5,210 | -€31,920 | -86.0% |
| Trade debts | 44 | €81,772 | €65,909 | -€15,863 | -19.4% |
| Suppliers | 440/4 | €81,772 | €65,909 | -€15,863 | -19.4% |
| Taxes, remuneration and social security | 45 | €60,201 | €64,171 | +€3,970 | +6.6% |
| Taxes | 450/3 | €32,575 | €41,902 | +€9,328 | +28.6% |
| Remuneration and social security | 454/9 | €27,626 | €22,269 | -€5,357 | -19.4% |
| Other amounts payable | 47/48 | €38,349 | €39,218 | +€869 | +2.3% |
| Non-recurring operating income | 76A | €3,004 | - | -€3,004 | |
| Remuneration, social security and pensions | 62 | €295,322 | €291,895 | -€3,427 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,570 | €8,671 | -€899 | -9.4% |
| Other operating charges | 640/8 | €12,461 | €15,410 | +€2,949 | +23.7% |
| Gross operating margin | 9900 | €361,411 | €352,608 | -€8,803 | -2.4% |
| Operating profit (loss) | 9901 | €44,058 | €36,632 | -€7,427 | -16.9% |
| Financial income | 75/76B | €307 | €615 | +€308 | +100.5% |
| Recurring financial income | 75 | €307 | €615 | +€308 | +100.5% |
| Financial charges | 65/66B | €10,721 | €10,760 | +€39 | +0.4% |
| Recurring financial charges | 65 | €10,721 | €10,760 | +€39 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €33,644 | €26,486 | -€7,158 | -21.3% |
| Income taxes | 67/77 | €5,959 | €10,146 | +€4,187 | +70.3% |
| Profit (loss) for the period | 9904 | €27,685 | €16,340 | -€11,345 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,685 | €16,340 | -€11,345 | -41.0% |
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 6 October 2026 via checked.be.