APPETIZING: 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.
APPETIZING
Largest movements
- Receivables within one year +€14,896
up €14,896 (+10.4%), from €142,599 to €157,495
of which Other amounts receivable: +€18,517
- Stocks and contracts -€8,500
down €8,500 (-18.5%), from €46,011 to €37,511
- Cash +€4,934
up €4,934 (+15070.4%), from €33 to €4,967
mainly Net result for the year (+€26,508) and Stocks and contracts (+€8,500)
- Reserves +€26,508
up €26,508 (+20.4%), from €129,750 to €156,258
of which Distributable reserves: +€26,508
- Tax, wage and social debts -€13,752
down €13,752 (-28.6%), from €48,005 to €34,252
- Gross operating margin +€24,025
up €24,025 (+78.0%), from €30,814 to €54,839
- Taxes +€10,885
up €10,885 (+102.3%), from €10,637 to €21,522
- Financial charges -€2,037
down €2,037 (-36.9%), from €5,523 to €3,486
- Other operating charges -€614
down €614 (-17.3%), from €3,553 to €2,939
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 | €205,983 | €217,243 | +€11,260 | +5.5% |
| Fixed assets | 21/28 | €17,340 | €16,955 | -€385 | -2.2% |
| Tangible fixed assets | 22/27 | €17,340 | €16,955 | -€385 | -2.2% |
| Plant, machinery and equipment | 23 | €293 | €28 | -€265 | -90.5% |
| Furniture and vehicles | 24 | €141 | €21 | -€120 | -84.8% |
| Assets under construction and advance payments | 27 | €16,905 | €16,905 | = | 0.0% |
| Current assets | 29/58 | €188,643 | €200,288 | +€11,645 | +6.2% |
| Stocks and contracts in progress | 3 | €46,011 | €37,511 | -€8,500 | -18.5% |
| Stocks | 30/36 | €46,011 | €37,511 | -€8,500 | -18.5% |
| Amounts receivable within one year | 40/41 | €142,599 | €157,495 | +€14,896 | +10.4% |
| Trade receivables | 40 | €10,169 | €6,548 | -€3,621 | -35.6% |
| Other amounts receivable | 41 | €132,430 | €150,947 | +€18,517 | +14.0% |
| Cash at bank and in hand | 54/58 | €33 | €4,967 | +€4,934 | +15070.4% |
| Deferred charges and accrued income | 490/1 | - | €315 | +€315 | |
| Total equity and liabilities | 10/49 | €205,983 | €217,243 | +€11,260 | +5.5% |
| Equity | 10/15 | €135,950 | €162,458 | +€26,508 | +19.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €129,750 | €156,258 | +€26,508 | +20.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €127,890 | €154,398 | +€26,508 | +20.7% |
| Amounts payable | 17/49 | €70,033 | €54,785 | -€15,248 | -21.8% |
| Amounts payable within one year | 42/48 | €70,033 | €54,785 | -€15,248 | -21.8% |
| Trade debts | 44 | €13,559 | €12,063 | -€1,496 | -11.0% |
| Suppliers | 440/4 | €13,559 | €12,063 | -€1,496 | -11.0% |
| Advances received on contracts in progress | 46 | €8,470 | €8,470 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €48,005 | €34,252 | -€13,752 | -28.6% |
| Taxes | 450/3 | €48,005 | €34,252 | -€13,752 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €568 | €385 | -€183 | -32.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,553 | €2,939 | -€614 | -17.3% |
| Gross operating margin | 9900 | €30,814 | €54,839 | +€24,025 | +78.0% |
| Operating profit (loss) | 9901 | €26,693 | €51,516 | +€24,823 | +93.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,523 | €3,486 | -€2,037 | -36.9% |
| Recurring financial charges | 65 | €5,523 | €3,486 | -€2,037 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €21,170 | €48,030 | +€26,860 | +126.9% |
| Income taxes | 67/77 | €10,637 | €21,522 | +€10,885 | +102.3% |
| Profit (loss) for the period | 9904 | €10,532 | €26,508 | +€15,976 | +151.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,532 | €26,508 | +€15,976 | +151.7% |
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.