AR BEHEER: 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.
AR BEHEER
Largest movements
- Receivables within one year +€23,735
up €23,735 (+59.7%), from €39,730 to €63,464
of which Trade receivables: +€25,235
- Stocks and contracts +€20,680
new in 2024: €20,680
- Cash +€20,309
up €20,309 (+28.6%), from €71,130 to €91,439
mainly Net result for the year (+€43,241) and Depreciation (+€32,844)
- Tangible fixed assets -€10,718
down €10,718 (-9.4%), from €114,234 to €103,516
of which Other tangible fixed assets: -€10,893
- Reserves +€43,241
up €43,241 (+249%), from €17,382 to €60,623
of which Distributable reserves: +€43,241
- Trade debts +€17,991
up €17,991 (+58.2%), from €30,901 to €48,892
- Tax, wage and social debts -€5,393
down €5,393 (-26.5%), from €20,365 to €14,972
- Other debts -€3,472
down €3,472 (-5.2%), from €66,860 to €63,388
- Gross operating margin +€103,043
up €103,043 (+31.1%), from €331,459 to €434,501
- Staff costs +€96,668
up €96,668 (+41.5%), from €232,766 to €329,434
- Financial charges -€38,984
down €38,984 (-95.3%), from €40,901 to €1,917
- Taxes +€16,415
up €16,415 (+314%), from €5,223 to €21,639
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 | €231,204 | €283,570 | +€52,366 | +22.6% |
| Fixed assets | 21/28 | €118,704 | €107,986 | -€10,718 | -9.0% |
| Tangible fixed assets | 22/27 | €114,234 | €103,516 | -€10,718 | -9.4% |
| Land and buildings | 22 | €25,869 | €18,046 | -€7,823 | -30.2% |
| Plant, machinery and equipment | 23 | €4,380 | €484 | -€3,896 | -88.9% |
| Furniture and vehicles | 24 | €20,729 | €32,623 | +€11,895 | +57.4% |
| Other tangible fixed assets | 26 | €63,256 | €52,363 | -€10,893 | -17.2% |
| Financial fixed assets | 28 | €4,470 | €4,470 | = | 0.0% |
| Current assets | 29/58 | €112,499 | €175,584 | +€63,085 | +56.1% |
| Stocks and contracts in progress | 3 | - | €20,680 | +€20,680 | |
| Stocks | 30/36 | - | €20,680 | +€20,680 | |
| Amounts receivable within one year | 40/41 | €39,730 | €63,464 | +€23,735 | +59.7% |
| Trade receivables | 40 | €29,271 | €54,506 | +€25,235 | +86.2% |
| Other amounts receivable | 41 | €10,459 | €8,959 | -€1,500 | -14.3% |
| Cash at bank and in hand | 54/58 | €71,130 | €91,439 | +€20,309 | +28.6% |
| Deferred charges and accrued income | 490/1 | €1,639 | - | -€1,639 | |
| Total equity and liabilities | 10/49 | €231,204 | €283,570 | +€52,366 | +22.6% |
| Equity | 10/15 | €77,141 | €120,382 | +€43,241 | +56.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €17,382 | €60,623 | +€43,241 | +249% |
| Non-distributable reserves | 130/1 | €339 | €339 | = | 0.0% |
| Reserves not available under the articles | 1311 | €339 | €339 | = | 0.0% |
| Distributable reserves | 133 | €17,043 | €60,283 | +€43,241 | +254% |
| Profit (loss) carried forward | 14 | €39,759 | €39,759 | = | 0.0% |
| Amounts payable | 17/49 | €154,062 | €163,188 | +€9,126 | +5.9% |
| Amounts payable within one year | 42/48 | €129,501 | €138,626 | +€9,126 | +7.0% |
| Financial debts | 43 | €11,374 | €11,374 | = | 0.0% |
| Credit institutions | 430/8 | €11,374 | €11,374 | = | 0.0% |
| Trade debts | 44 | €30,901 | €48,892 | +€17,991 | +58.2% |
| Suppliers | 440/4 | €30,901 | €48,892 | +€17,991 | +58.2% |
| Taxes, remuneration and social security | 45 | €20,365 | €14,972 | -€5,393 | -26.5% |
| Taxes | 450/3 | €20,365 | €14,972 | -€5,393 | -26.5% |
| Other amounts payable | 47/48 | €66,860 | €63,388 | -€3,472 | -5.2% |
| Accrued charges and deferred income | 492/3 | €24,562 | €24,562 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €232,766 | €329,434 | +€96,668 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,844 | €32,844 | = | 0.0% |
| Other operating charges | 640/8 | €2,682 | €5,427 | +€2,746 | +102% |
| Gross operating margin | 9900 | €331,459 | €434,501 | +€103,043 | +31.1% |
| Operating profit (loss) | 9901 | €63,167 | €66,796 | +€3,629 | +5.7% |
| Financial charges | 65/66B | €40,901 | €1,917 | -€38,984 | -95.3% |
| Recurring financial charges | 65 | €40,901 | €1,917 | -€38,984 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | €22,266 | €64,879 | +€42,613 | +191% |
| Income taxes | 67/77 | €5,223 | €21,639 | +€16,415 | +314% |
| Profit (loss) for the period | 9904 | €17,043 | €43,241 | +€26,198 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €17,043 | €43,241 | +€26,198 | +154% |
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 16 October 2026 via checked.be.