BAUDUIN STEPHANIE: 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.
BAUDUIN STEPHANIE
Largest movements
- Financial fixed assets -€20,490
down €20,490 (-95.3%), from €21,500 to €1,010
- Receivables within one year -€19,248
down €19,248 (-99.4%), from €19,365 to €117
of which Other amounts receivable: -€19,365
- Tangible fixed assets -€14,902
down €14,902 (-4.2%), from €351,348 to €336,446
- Other debts -€49,090
down €49,090 (-76.1%), from €64,505 to €15,415
- Debts after one year -€15,903
down €15,903 (-5.8%), from €274,221 to €258,318
- Tax, wage and social debts +€5,465
new in 2024: €5,465
- Reserves +€4,950
up €4,950 (+5.9%), from €83,740 to €88,691
- Gross operating margin -€9,666
down €9,666 (-17.1%), from €56,527 to €46,861
- Taxes +€4,831
up €4,831 (+761.0%), from €635 to €5,465
- Other operating charges +€1,965
up €1,965 (+135.3%), from €1,453 to €3,418
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 | €448,133 | €390,670 | -€57,463 | -12.8% |
| Formation expenses | 20 | €3,620 | €59 | -€3,560 | -98.4% |
| Fixed assets | 21/28 | €372,848 | €337,456 | -€35,392 | -9.5% |
| Tangible fixed assets | 22/27 | €351,348 | €336,446 | -€14,902 | -4.2% |
| Land and buildings | 22 | €177,146 | €171,786 | -€5,360 | -3.0% |
| Plant, machinery and equipment | 23 | €163,782 | €158,064 | -€5,718 | -3.5% |
| Furniture and vehicles | 24 | €10,420 | €6,596 | -€3,823 | -36.7% |
| Financial fixed assets | 28 | €21,500 | €1,010 | -€20,490 | -95.3% |
| Current assets | 29/58 | €71,665 | €53,154 | -€18,511 | -25.8% |
| Amounts receivable within one year | 40/41 | €19,365 | €117 | -€19,248 | -99.4% |
| Trade receivables | 40 | - | €117 | +€117 | |
| Other amounts receivable | 41 | €19,365 | - | -€19,365 | |
| Cash at bank and in hand | 54/58 | €48,046 | €48,452 | +€406 | +0.8% |
| Deferred charges and accrued income | 490/1 | €4,255 | €4,585 | +€331 | +7.8% |
| Total equity and liabilities | 10/49 | €448,133 | €390,670 | -€57,463 | -12.8% |
| Equity | 10/15 | €89,740 | €94,691 | +€4,950 | +5.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €83,740 | €88,691 | +€4,950 | +5.9% |
| Distributable reserves | 133 | €83,740 | €88,691 | +€4,950 | +5.9% |
| Amounts payable | 17/49 | €358,392 | €295,979 | -€62,413 | -17.4% |
| Amounts payable after more than one year | 17 | €274,221 | €258,318 | -€15,903 | -5.8% |
| Financial debts | 170/4 | €274,221 | €258,318 | -€15,903 | -5.8% |
| Amounts payable within one year | 42/48 | €84,171 | €37,661 | -€46,510 | -55.3% |
| Current portion of amounts payable after more than one year | 42 | €17,472 | €15,903 | -€1,569 | -9.0% |
| Trade debts | 44 | €2,194 | €877 | -€1,316 | -60.0% |
| Suppliers | 440/4 | €2,194 | €877 | -€1,316 | -60.0% |
| Taxes, remuneration and social security | 45 | - | €5,465 | +€5,465 | |
| Taxes | 450/3 | - | €5,465 | +€5,465 | |
| Other amounts payable | 47/48 | €64,505 | €15,415 | -€49,090 | -76.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,653 | €16,653 | = | 0.0% |
| Other operating charges | 640/8 | €1,453 | €3,418 | +€1,965 | +135.3% |
| Gross operating margin | 9900 | €56,527 | €46,861 | -€9,666 | -17.1% |
| Operating profit (loss) | 9901 | €38,421 | €26,790 | -€11,631 | -30.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,613 | €4,376 | -€236 | -5.1% |
| Recurring financial charges | 65 | €4,613 | €4,376 | -€236 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €33,809 | €22,415 | -€11,393 | -33.7% |
| Income taxes | 67/77 | €635 | €5,465 | +€4,831 | +761.0% |
| Profit (loss) for the period | 9904 | €33,174 | €16,950 | -€16,224 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,174 | €16,950 | -€16,224 | -48.9% |
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.