Be C: 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.
Be C
Largest movements
- Receivables within one year -€153,498
down €153,498 (-66.4%), from €231,123 to €77,625
of which Trade receivables: -€153,495
- Cash +€30,187
up €30,187 (+192.5%), from €15,683 to €45,870
mainly Receivables within one year (+€153,498) and Depreciation (+€35,137)
- Tangible fixed assets -€17,401
down €17,401 (-2.2%), from €800,130 to €782,729
of which Land and buildings: -€16,157
- Trade debts -€136,861
down €136,861 (-49.5%), from €276,759 to €139,897
- Debts after one year -€35,176
down €35,176 (-6.7%), from €521,561 to €486,385
- Reserves +€23,300
up €23,300 (+26.9%), from €86,604 to €109,905
- Other operating charges -€95,835
down €95,835 (-92.9%), from €103,189 to €7,354
- Gross operating margin +€38,015
up €38,015 (+42.0%), from €90,573 to €128,589
- Financial charges +€25,016
up €25,016 (+679.7%), from €3,680 to €28,696
- Depreciation +€22,260
up €22,260 (+172.9%), from €12,877 to €35,137
- Staff costs -€7,300
down €7,300 (-16.4%), from €44,446 to €37,146
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 | €1,158,756 | €1,025,827 | -€132,929 | -11.5% |
| Fixed assets | 21/28 | €803,121 | €783,983 | -€19,137 | -2.4% |
| Intangible fixed assets | 21 | €2,990 | €1,254 | -€1,737 | -58.1% |
| Tangible fixed assets | 22/27 | €800,130 | €782,729 | -€17,401 | -2.2% |
| Land and buildings | 22 | €798,446 | €782,288 | -€16,157 | -2.0% |
| Furniture and vehicles | 24 | €1,685 | €441 | -€1,244 | -73.8% |
| Current assets | 29/58 | €355,635 | €241,844 | -€113,791 | -32.0% |
| Stocks and contracts in progress | 3 | €94,690 | €94,532 | -€158 | -0.2% |
| Stocks | 30/36 | €94,690 | €94,532 | -€158 | -0.2% |
| Amounts receivable within one year | 40/41 | €231,123 | €77,625 | -€153,498 | -66.4% |
| Trade receivables | 40 | €228,673 | €75,178 | -€153,495 | -67.1% |
| Other amounts receivable | 41 | €2,450 | €2,448 | -€2 | -0.1% |
| Cash at bank and in hand | 54/58 | €15,683 | €45,870 | +€30,187 | +192.5% |
| Deferred charges and accrued income | 490/1 | €14,139 | €23,816 | +€9,677 | +68.4% |
| Total equity and liabilities | 10/49 | €1,158,756 | €1,025,827 | -€132,929 | -11.5% |
| Equity | 10/15 | €105,204 | €128,505 | +€23,300 | +22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,604 | €109,905 | +€23,300 | +26.9% |
| Distributable reserves | 133 | €86,604 | €109,905 | +€23,300 | +26.9% |
| Amounts payable | 17/49 | €1,053,551 | €897,322 | -€156,229 | -14.8% |
| Amounts payable after more than one year | 17 | €521,561 | €486,385 | -€35,176 | -6.7% |
| Financial debts | 170/4 | €521,561 | €486,385 | -€35,176 | -6.7% |
| Amounts payable within one year | 42/48 | €531,190 | €410,639 | -€120,551 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €29,676 | €35,176 | +€5,500 | +18.5% |
| Financial debts | 43 | €8 | - | -€8 | |
| Credit institutions | 430/8 | €8 | - | -€8 | |
| Trade debts | 44 | €276,759 | €139,897 | -€136,861 | -49.5% |
| Suppliers | 440/4 | €276,759 | €139,897 | -€136,861 | -49.5% |
| Taxes, remuneration and social security | 45 | €24,932 | €25,163 | +€231 | +0.9% |
| Taxes | 450/3 | €19,158 | €15,304 | -€3,854 | -20.1% |
| Remuneration and social security | 454/9 | €5,775 | €9,859 | +€4,084 | +70.7% |
| Other amounts payable | 47/48 | €199,815 | €210,402 | +€10,587 | +5.3% |
| Accrued charges and deferred income | 492/3 | €801 | €299 | -€502 | -62.7% |
| Remuneration, social security and pensions | 62 | €44,446 | €37,146 | -€7,300 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,877 | €35,137 | +€22,260 | +172.9% |
| Other operating charges | 640/8 | €103,189 | €7,354 | -€95,835 | -92.9% |
| Gross operating margin | 9900 | €90,573 | €128,589 | +€38,015 | +42.0% |
| Operating profit (loss) | 9901 | -€69,938 | €48,951 | +€118,889 | |
| Financial income | 75/76B | €2,974 | €3,097 | +€123 | +4.1% |
| Recurring financial income | 75 | €2,974 | €3,097 | +€123 | +4.1% |
| Financial charges | 65/66B | €3,680 | €28,696 | +€25,016 | +679.7% |
| Recurring financial charges | 65 | €3,680 | €28,696 | +€25,016 | +679.7% |
| Profit (loss) for the period before taxes | 9903 | -€70,644 | €23,353 | +€93,997 | |
| Income taxes | 67/77 | €51 | €52 | +€2 | +2.9% |
| Profit (loss) for the period | 9904 | -€70,695 | €23,300 | +€93,995 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,695 | €23,300 | +€93,995 |
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 1 October 2026 via checked.be.