BALANS: 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.
BALANS
Largest movements
- Current investments +€100,000
up €100,000 (+400.0%), from €25,000 to €125,000
- Cash -€67,426
down €67,426 (-42.4%), from €159,020 to €91,594
mainly Current investments (-€100,000) and Tax, wage and social debts (-€50,052)
- Deferred charges and accrued income +€20,008
up €20,008 (+97.7%), from €20,486 to €40,494
- Tangible fixed assets -€15,207
down €15,207 (-16.2%), from €93,676 to €78,469
of which Furniture and vehicles: -€11,906
- Tax, wage and social debts -€50,052
down €50,052 (-24.5%), from €203,989 to €153,937
of which Taxes: -€37,880
- Profit (loss) carried forward +€49,757
up €49,757 (+8.5%), from €587,757 to €637,514
- Trade debts +€34,940
up €34,940 (+507.7%), from €6,882 to €41,822
- Other debts +€10,715
new in 2024: €10,715
- Gross operating margin -€67,600
down €67,600 (-21.0%), from €321,772 to €254,172
- Taxes -€27,020
down €27,020 (-48.2%), from €56,116 to €29,096
- Other operating charges +€25,008
up €25,008 (+2332.8%), from €1,072 to €26,080
- Staff costs +€16,489
up €16,489 (+20.3%), from €81,061 to €97,550
- Write-downs -€6,622
down €6,622 (-63.5%), from €10,423 to €3,801
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 | €902,533 | €947,522 | +€44,989 | +5.0% |
| Fixed assets | 21/28 | €93,676 | €78,469 | -€15,207 | -16.2% |
| Tangible fixed assets | 22/27 | €93,676 | €78,469 | -€15,207 | -16.2% |
| Land and buildings | 22 | €67,654 | €64,353 | -€3,301 | -4.9% |
| Furniture and vehicles | 24 | €26,022 | €14,116 | -€11,906 | -45.8% |
| Current assets | 29/58 | €808,857 | €869,053 | +€60,196 | +7.4% |
| Amounts receivable within one year | 40/41 | €604,351 | €611,965 | +€7,614 | +1.3% |
| Trade receivables | 40 | €291,110 | €214,507 | -€76,603 | -26.3% |
| Other amounts receivable | 41 | €313,241 | €397,458 | +€84,217 | +26.9% |
| Current investments | 50/53 | €25,000 | €125,000 | +€100,000 | +400.0% |
| Cash at bank and in hand | 54/58 | €159,020 | €91,594 | -€67,426 | -42.4% |
| Deferred charges and accrued income | 490/1 | €20,486 | €40,494 | +€20,008 | +97.7% |
| Total equity and liabilities | 10/49 | €902,533 | €947,522 | +€44,989 | +5.0% |
| Equity | 10/15 | €691,291 | €741,048 | +€49,757 | +7.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €97,329 | €97,329 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €29,029 | €29,029 | = | 0.0% |
| Distributable reserves | 133 | €66,440 | €68,300 | +€1,860 | +2.8% |
| Profit (loss) carried forward | 14 | €587,757 | €637,514 | +€49,757 | +8.5% |
| Amounts payable | 17/49 | €211,242 | €206,474 | -€4,768 | -2.3% |
| Amounts payable within one year | 42/48 | €210,871 | €206,474 | -€4,397 | -2.1% |
| Trade debts | 44 | €6,882 | €41,822 | +€34,940 | +507.7% |
| Suppliers | 440/4 | €6,882 | €41,822 | +€34,940 | +507.7% |
| Taxes, remuneration and social security | 45 | €203,989 | €153,937 | -€50,052 | -24.5% |
| Taxes | 450/3 | €178,723 | €140,843 | -€37,880 | -21.2% |
| Remuneration and social security | 454/9 | €25,266 | €13,094 | -€12,172 | -48.2% |
| Other amounts payable | 47/48 | - | €10,715 | +€10,715 | |
| Accrued charges and deferred income | 492/3 | €371 | - | -€371 | |
| Remuneration, social security and pensions | 62 | €81,061 | €97,550 | +€16,489 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,550 | €15,945 | -€605 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,423 | €3,801 | -€6,622 | -63.5% |
| Other operating charges | 640/8 | €1,072 | €26,080 | +€25,008 | +2332.8% |
| Non-recurring operating charges | 66A | - | €27,134 | +€27,134 | |
| Gross operating margin | 9900 | €321,772 | €254,172 | -€67,600 | -21.0% |
| Operating profit (loss) | 9901 | €212,666 | €83,662 | -€129,004 | -60.7% |
| Financial income | 75/76B | €294 | €2,071 | +€1,777 | +604.4% |
| Recurring financial income | 75 | €294 | €2,071 | +€1,777 | +604.4% |
| Financial charges | 65/66B | €2,207 | €380 | -€1,827 | -82.8% |
| Recurring financial charges | 65 | €2,207 | €380 | -€1,827 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | €210,753 | €85,353 | -€125,400 | -59.5% |
| Income taxes | 67/77 | €56,116 | €29,096 | -€27,020 | -48.2% |
| Profit (loss) for the period | 9904 | €154,637 | €56,257 | -€98,380 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €154,637 | €56,257 | -€98,380 | -63.6% |
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 2 October 2026 via checked.be.