Authentic Invest: 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.
Authentic Invest
Largest movements
- Stocks and contracts +€1.1m
up €1.1m (+57.5%), from €2.0m to €3.1m
- Cash -€581,715
down €581,715 (-75.6%), from €769,362 to €187,647
mainly Stocks and contracts (-€1.1m) and Trade debts (-€456,524)
- Short-term financial debts +€1.0m
up €1.0m (+49.7%), from €2.1m to €3.1m
- Trade debts -€456,524
down €456,524 (-43.7%), from €1.0m to €588,609
- Debts after one year +€242,896
up €242,896 (+101.5%), from €239,260 to €482,156
- Other debts -€127,116
down €127,116 (-20.0%), from €635,548 to €508,432
- Gross operating margin -€662,340
down €662,340 (-96.8%), from €684,571 to €22,231
- Taxes -€146,601
down €146,601 (-99.7%), from €147,001 to €400
- Financial charges -€117,990
down €117,990 (-75.9%), from €155,550 to €37,560
- Financial income -€36,124
down €36,124 (-63.8%), from €56,593 to €20,469
- Other operating charges +€20,878
up €20,878 (+333.1%), from €6,268 to €27,146
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 | €6,631,689 | €7,182,575 | +€550,886 | +8.3% |
| Fixed assets | 21/28 | €507,740 | €489,776 | -€17,964 | -3.5% |
| Tangible fixed assets | 22/27 | €252,152 | €234,189 | -€17,964 | -7.1% |
| Land and buildings | 22 | €238,661 | €225,854 | -€12,807 | -5.4% |
| Plant, machinery and equipment | 23 | €10,004 | €6,804 | -€3,200 | -32.0% |
| Furniture and vehicles | 24 | €3,487 | €1,530 | -€1,956 | -56.1% |
| Financial fixed assets | 28 | €255,588 | €255,588 | = | 0.0% |
| Current assets | 29/58 | €6,123,949 | €6,692,798 | +€568,850 | +9.3% |
| Stocks and contracts in progress | 3 | €1,993,897 | €3,140,512 | +€1.1m | +57.5% |
| Stocks | 30/36 | €1,993,897 | €3,140,512 | +€1.1m | +57.5% |
| Amounts receivable within one year | 40/41 | €3,357,273 | €3,364,639 | +€7,366 | +0.2% |
| Trade receivables | 40 | €26,111 | €5,000 | -€21,111 | -80.9% |
| Other amounts receivable | 41 | €3,331,162 | €3,359,639 | +€28,477 | +0.9% |
| Cash at bank and in hand | 54/58 | €769,362 | €187,647 | -€581,715 | -75.6% |
| Deferred charges and accrued income | 490/1 | €3,417 | - | -€3,417 | |
| Total equity and liabilities | 10/49 | €6,631,689 | €7,182,575 | +€550,886 | +8.3% |
| Equity | 10/15 | €1,865,059 | €1,824,689 | -€40,369 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €797,324 | €797,324 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €160,200 | €160,200 | = | 0.0% |
| Distributable reserves | 133 | €635,264 | €635,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,049,135 | €1,008,765 | -€40,369 | -3.8% |
| Amounts payable | 17/49 | €4,766,630 | €5,357,885 | +€591,255 | +12.4% |
| Amounts payable after more than one year | 17 | €239,260 | €482,156 | +€242,896 | +101.5% |
| Financial debts | 170/4 | €239,260 | €482,156 | +€242,896 | +101.5% |
| Amounts payable within one year | 42/48 | €4,495,301 | €4,875,729 | +€380,428 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €74,822 | €36,825 | -€37,996 | -50.8% |
| Financial debts | 43 | €2,098,622 | €3,140,872 | +€1.0m | +49.7% |
| Credit institutions | 430/8 | €2,098,622 | €3,140,872 | +€1.0m | +49.7% |
| Trade debts | 44 | €1,045,134 | €588,609 | -€456,524 | -43.7% |
| Suppliers | 440/4 | €1,045,134 | €588,609 | -€456,524 | -43.7% |
| Taxes, remuneration and social security | 45 | €641,176 | €600,990 | -€40,186 | -6.3% |
| Taxes | 450/3 | €641,176 | €600,990 | -€40,186 | -6.3% |
| Other amounts payable | 47/48 | €635,548 | €508,432 | -€127,116 | -20.0% |
| Accrued charges and deferred income | 492/3 | €32,069 | - | -€32,069 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,731 | €17,964 | -€8,767 | -32.8% |
| Other operating charges | 640/8 | €6,268 | €27,146 | +€20,878 | +333.1% |
| Gross operating margin | 9900 | €684,571 | €22,231 | -€662,340 | -96.8% |
| Operating profit (loss) | 9901 | €651,573 | -€22,878 | -€674,451 | |
| Financial income | 75/76B | €56,593 | €20,469 | -€36,124 | -63.8% |
| Recurring financial income | 75 | €56,593 | €20,469 | -€36,124 | -63.8% |
| Financial charges | 65/66B | €155,550 | €37,560 | -€117,990 | -75.9% |
| Recurring financial charges | 65 | €155,550 | €37,560 | -€117,990 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | €552,616 | -€39,969 | -€592,585 | |
| Income taxes | 67/77 | €147,001 | €400 | -€146,601 | -99.7% |
| Profit (loss) for the period | 9904 | €405,615 | -€40,369 | -€445,984 | |
| Profit (loss) for the period to be appropriated | 9905 | €405,615 | -€40,369 | -€445,984 |
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.