B-TREND EVENTS: 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.
B-TREND EVENTS
Largest movements
- Receivables within one year -€81,940
down €81,940 (-62.1%), from €132,040 to €50,099
of which Trade receivables: -€94,040
- Deferred charges and accrued income +€47,520
up €47,520 (+3,030%), from €1,568 to €49,088
- Tangible fixed assets +€42,998
up €42,998 (+15.5%), from €277,415 to €320,413
of which Furniture and vehicles: +€49,316
- Cash +€28,865
up €28,865 (+63.9%), from €45,197 to €74,063
mainly Receivables within one year (+€81,940) and Net result for the year (+€35,543)
- Stocks and contracts +€9,174
up €9,174 (+303%), from €3,025 to €12,199
- Reserves +€35,543
up €35,543 (+24.4%), from €145,881 to €181,424
of which Distributable reserves: +€35,543
- Debts after one year -€30,991
down €30,991 (-15.9%), from €194,589 to €163,598
- Trade debts +€29,344
up €29,344 (+43.5%), from €67,529 to €96,874
- Accrued charges and deferred income +€15,785
up €15,785 (+1,314%), from €1,201 to €16,986
- Tax, wage and social debts -€6,761
down €6,761 (-43.8%), from €15,428 to €8,668
of which Remuneration and social security: -€3,472
- Gross operating margin -€87,875
down €87,875 (-47.4%), from €185,405 to €97,530
- Staff costs -€41,452
down €41,452 (-90.3%), from €45,927 to €4,475
- Taxes -€11,407
down €11,407 (-44.4%), from €25,706 to €14,299
- Depreciation +€3,942
up €3,942 (+21.1%), from €18,675 to €22,616
- Other operating charges +€3,476
up €3,476 (+93.9%), from €3,701 to €7,177
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 | €484,217 | €531,862 | +€47,645 | +9.8% |
| Fixed assets | 21/28 | €277,415 | €320,413 | +€42,998 | +15.5% |
| Tangible fixed assets | 22/27 | €277,415 | €320,413 | +€42,998 | +15.5% |
| Land and buildings | 22 | €250,288 | €240,123 | -€10,164 | -4.1% |
| Plant, machinery and equipment | 23 | €15,231 | €21,447 | +€6,216 | +40.8% |
| Furniture and vehicles | 24 | €7,856 | €57,172 | +€49,316 | +628% |
| Leasing and similar rights | 25 | €4,041 | €1,671 | -€2,370 | -58.7% |
| Current assets | 29/58 | €206,802 | €211,449 | +€4,646 | +2.2% |
| Stocks and contracts in progress | 3 | €3,025 | €12,199 | +€9,174 | +303% |
| Stocks | 30/36 | €3,025 | €12,199 | +€9,174 | +303% |
| Amounts receivable within one year | 40/41 | €132,040 | €50,099 | -€81,940 | -62.1% |
| Trade receivables | 40 | €126,201 | €32,161 | -€94,040 | -74.5% |
| Other amounts receivable | 41 | €5,839 | €17,938 | +€12,099 | +207% |
| Current investments | 50/53 | €24,972 | €25,999 | +€1,028 | +4.1% |
| Cash at bank and in hand | 54/58 | €45,197 | €74,063 | +€28,865 | +63.9% |
| Deferred charges and accrued income | 490/1 | €1,568 | €49,088 | +€47,520 | +3,030% |
| Total equity and liabilities | 10/49 | €484,217 | €531,862 | +€47,645 | +9.8% |
| Equity | 10/15 | €176,849 | €212,393 | +€35,543 | +20.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €145,881 | €181,424 | +€35,543 | +24.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €145,881 | €181,424 | +€35,543 | +24.4% |
| Profit (loss) carried forward | 14 | €24,768 | €24,768 | = | 0.0% |
| Amounts payable | 17/49 | €307,368 | €319,469 | +€12,101 | +3.9% |
| Amounts payable after more than one year | 17 | €194,589 | €163,598 | -€30,991 | -15.9% |
| Financial debts | 170/4 | €194,589 | €163,598 | -€30,991 | -15.9% |
| Amounts payable within one year | 42/48 | €111,578 | €138,885 | +€27,307 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €28,620 | €33,343 | +€4,723 | +16.5% |
| Trade debts | 44 | €67,529 | €96,874 | +€29,344 | +43.5% |
| Suppliers | 440/4 | €67,529 | €96,874 | +€29,344 | +43.5% |
| Taxes, remuneration and social security | 45 | €15,428 | €8,668 | -€6,761 | -43.8% |
| Taxes | 450/3 | €11,939 | €8,650 | -€3,289 | -27.5% |
| Remuneration and social security | 454/9 | €3,489 | €17 | -€3,472 | -99.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,201 | €16,986 | +€15,785 | +1,314% |
| Remuneration, social security and pensions | 62 | €45,927 | €4,475 | -€41,452 | -90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,675 | €22,616 | +€3,942 | +21.1% |
| Other operating charges | 640/8 | €3,701 | €7,177 | +€3,476 | +93.9% |
| Gross operating margin | 9900 | €185,405 | €97,530 | -€87,875 | -47.4% |
| Operating profit (loss) | 9901 | €117,102 | €63,262 | -€53,840 | -46.0% |
| Financial income | 75/76B | €748 | €1,596 | +€848 | +113% |
| Recurring financial income | 75 | €748 | €1,596 | +€848 | +113% |
| Financial charges | 65/66B | €16,070 | €15,016 | -€1,055 | -6.6% |
| Recurring financial charges | 65 | €16,070 | €15,016 | -€1,055 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €101,780 | €49,842 | -€51,938 | -51.0% |
| Income taxes | 67/77 | €25,706 | €14,299 | -€11,407 | -44.4% |
| Profit (loss) for the period | 9904 | €76,074 | €35,543 | -€40,531 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,074 | €35,543 | -€40,531 | -53.3% |
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 29 October 2026 via checked.be.