AS2E: 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.
AS2E
Largest movements
- Deferred charges and accrued income +€23,110
up €23,110 (+37130.9%), from €62 to €23,172
- Cash -€7,227
down €7,227 (-81.7%), from €8,843 to €1,616
mainly Tax, wage and social debts (-€35,340) and Deferred charges and accrued income (-€23,110)
- Receivables within one year +€5,239
up €5,239 (+1.4%), from €373,426 to €378,665
of which Trade receivables: +€7,194
- Reserves +€50,935
up €50,935 (+22.6%), from €225,182 to €276,117
of which Distributable reserves: +€50,935
- Tax, wage and social debts -€35,340
down €35,340 (-25.2%), from €140,167 to €104,827
- Trade debts +€4,844
up €4,844 (+39.1%), from €12,392 to €17,236
- Gross operating margin +€24,925
up €24,925 (+90.2%), from €27,622 to €52,547
- Taxes +€6,054
up €6,054 (+51.5%), from €11,761 to €17,815
- Financial income +€4,991
up €4,991 (+27.5%), from €18,119 to €23,110
- Financial charges -€1,259
down €1,259 (-27.1%), from €4,652 to €3,393
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 | €384,041 | €404,481 | +€20,439 | +5.3% |
| Fixed assets | 21/28 | €1,710 | €1,028 | -€682 | -39.9% |
| Tangible fixed assets | 22/27 | €1,521 | €839 | -€682 | -44.9% |
| Land and buildings | 22 | €895 | €526 | -€369 | -41.2% |
| Furniture and vehicles | 24 | €626 | €313 | -€313 | -50.1% |
| Financial fixed assets | 28 | €189 | €189 | = | 0.0% |
| Current assets | 29/58 | €382,331 | €403,453 | +€21,122 | +5.5% |
| Amounts receivable within one year | 40/41 | €373,426 | €378,665 | +€5,239 | +1.4% |
| Trade receivables | 40 | €0 | €7,194 | +€7,194 | |
| Other amounts receivable | 41 | €373,426 | €371,470 | -€1,956 | -0.5% |
| Cash at bank and in hand | 54/58 | €8,843 | €1,616 | -€7,227 | -81.7% |
| Deferred charges and accrued income | 490/1 | €62 | €23,172 | +€23,110 | +37130.9% |
| Total equity and liabilities | 10/49 | €384,041 | €404,481 | +€20,439 | +5.3% |
| Equity | 10/15 | €231,482 | €282,417 | +€50,935 | +22.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €225,182 | €276,117 | +€50,935 | +22.6% |
| 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 | €223,322 | €274,257 | +€50,935 | +22.8% |
| Amounts payable | 17/49 | €152,559 | €122,063 | -€30,496 | -20.0% |
| Amounts payable within one year | 42/48 | €152,559 | €122,063 | -€30,496 | -20.0% |
| Trade debts | 44 | €12,392 | €17,236 | +€4,844 | +39.1% |
| Suppliers | 440/4 | €12,392 | €17,236 | +€4,844 | +39.1% |
| Taxes, remuneration and social security | 45 | €140,167 | €104,827 | -€35,340 | -25.2% |
| Taxes | 450/3 | €140,167 | €104,827 | -€35,340 | -25.2% |
| Remuneration, social security and pensions | 62 | - | €21 | +€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €648 | €682 | +€34 | +5.3% |
| Other operating charges | 640/8 | €2,606 | €2,811 | +€205 | +7.9% |
| Gross operating margin | 9900 | €27,622 | €52,547 | +€24,925 | +90.2% |
| Operating profit (loss) | 9901 | €24,368 | €49,033 | +€24,664 | +101.2% |
| Financial income | 75/76B | €18,119 | €23,110 | +€4,991 | +27.5% |
| Recurring financial income | 75 | €18,119 | €23,110 | +€4,991 | +27.5% |
| Financial charges | 65/66B | €4,652 | €3,393 | -€1,259 | -27.1% |
| Recurring financial charges | 65 | €4,652 | €3,393 | -€1,259 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €37,836 | €68,750 | +€30,914 | +81.7% |
| Income taxes | 67/77 | €11,761 | €17,815 | +€6,054 | +51.5% |
| Profit (loss) for the period | 9904 | €26,075 | €50,935 | +€24,860 | +95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,075 | €50,935 | +€24,860 | +95.3% |
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 1 October 2026 via checked.be.