BANCO: 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.
BANCO
Largest movements
- Receivables within one year +€130,056
up €130,056 (+95.6%), from €136,005 to €266,061
of which Trade receivables: +€153,307
- Cash -€74,167
down €74,167 (-86.7%), from €85,577 to €11,410
mainly Receivables within one year (-€130,056) and Investment in fixed assets (net) (-€61,349)
- Financial fixed assets +€32,161
up €32,161 (+27.3%), from €117,839 to €150,000
- Reserves +€50,000
up €50,000 (+96.4%), from €51,859 to €101,859
of which Distributable reserves: +€50,000
- Debts after one year -€25,097
down €25,097 (-10.4%), from €242,299 to €217,202
- Trade debts +€24,223
new in 2024: €24,223
- Tax, wage and social debts +€23,695
up €23,695 (+36.2%), from €65,442 to €89,137
- Other debts +€10,000
up €10,000 (+666.7%), from €1,500 to €11,500
- Gross operating margin -€53,132
down €53,132 (-27.8%), from €190,859 to €137,727
- Taxes -€14,177
down €14,177 (-31.3%), from €45,301 to €31,125
- Depreciation +€3,108
up €3,108 (+11.1%), from €27,919 to €31,026
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 | €602,689 | €688,901 | +€86,212 | +14.3% |
| Fixed assets | 21/28 | €381,107 | €411,429 | +€30,323 | +8.0% |
| Tangible fixed assets | 22/27 | €263,268 | €261,429 | -€1,838 | -0.7% |
| Land and buildings | 22 | €228,509 | €231,620 | +€3,111 | +1.4% |
| Plant, machinery and equipment | 23 | €11,176 | €5,886 | -€5,290 | -47.3% |
| Furniture and vehicles | 24 | €23,583 | €14,812 | -€8,771 | -37.2% |
| Other tangible fixed assets | 26 | €0 | €9,112 | +€9,112 | |
| Financial fixed assets | 28 | €117,839 | €150,000 | +€32,161 | +27.3% |
| Current assets | 29/58 | €221,582 | €277,471 | +€55,889 | +25.2% |
| Amounts receivable within one year | 40/41 | €136,005 | €266,061 | +€130,056 | +95.6% |
| Trade receivables | 40 | €6,658 | €159,965 | +€153,307 | +2302.5% |
| Other amounts receivable | 41 | €129,347 | €106,096 | -€23,251 | -18.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €85,577 | €11,410 | -€74,167 | -86.7% |
| Total equity and liabilities | 10/49 | €602,689 | €688,901 | +€86,212 | +14.3% |
| Equity | 10/15 | €257,478 | €313,693 | +€56,215 | +21.8% |
| Contributions | 10/11 | €206,818 | €206,818 | = | 0.0% |
| Capital | 10 | €165,767 | €165,767 | = | 0.0% |
| Issued capital | 100 | €165,767 | €165,767 | = | 0.0% |
| Contributions outside capital | 11 | €41,051 | €41,051 | = | 0.0% |
| Share premium | 1100/10 | €41,051 | €41,051 | = | 0.0% |
| Reserves | 13 | €51,859 | €101,859 | +€50,000 | +96.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Profit (loss) carried forward | 14 | -€1,199 | €5,016 | +€6,215 | |
| Amounts payable | 17/49 | €345,210 | €375,207 | +€29,997 | +8.7% |
| Amounts payable after more than one year | 17 | €242,299 | €217,202 | -€25,097 | -10.4% |
| Financial debts | 170/4 | €242,299 | €217,202 | -€25,097 | -10.4% |
| Amounts payable within one year | 42/48 | €93,342 | €151,862 | +€58,520 | +62.7% |
| Current portion of amounts payable after more than one year | 42 | €26,400 | €27,002 | +€602 | +2.3% |
| Trade debts | 44 | - | €24,223 | +€24,223 | |
| Suppliers | 440/4 | - | €24,223 | +€24,223 | |
| Taxes, remuneration and social security | 45 | €65,442 | €89,137 | +€23,695 | +36.2% |
| Taxes | 450/3 | €65,442 | €89,137 | +€23,695 | +36.2% |
| Other amounts payable | 47/48 | €1,500 | €11,500 | +€10,000 | +666.7% |
| Accrued charges and deferred income | 492/3 | €9,569 | €6,143 | -€3,426 | -35.8% |
| Non-recurring operating income | 76A | €6,538 | - | -€6,538 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,919 | €31,026 | +€3,108 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €473 | - | -€473 | |
| Other operating charges | 640/8 | €3,265 | €1,892 | -€1,373 | -42.0% |
| Non-recurring operating charges | 66A | €3,270 | - | -€3,270 | |
| Gross operating margin | 9900 | €190,859 | €137,727 | -€53,132 | -27.8% |
| Operating profit (loss) | 9901 | €155,933 | €104,809 | -€51,124 | -32.8% |
| Financial income | 75/76B | €1 | €0 | -€0 | -52.8% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -52.8% |
| Financial charges | 65/66B | €7,850 | €7,469 | -€380 | -4.8% |
| Recurring financial charges | 65 | €7,850 | €7,469 | -€380 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €148,084 | €97,340 | -€50,744 | -34.3% |
| Income taxes | 67/77 | €45,301 | €31,125 | -€14,177 | -31.3% |
| Profit (loss) for the period | 9904 | €102,783 | €66,215 | -€36,568 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €102,783 | €66,215 | -€36,568 | -35.6% |
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 9 October 2026 via checked.be.