BELGIAN PROCESS SOLUTIONS: 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.
BELGIAN PROCESS SOLUTIONS
Largest movements
- Receivables within one year +€183,517
up €183,517 (+24.4%), from €753,200 to €936,717
of which Trade receivables: +€222,047
- Cash +€99,194
up €99,194 (+85.8%), from €115,636 to €214,830
mainly Accrued charges and deferred income (+€285,193) and Net result for the year (+€188,612)
- Tangible fixed assets -€22,566
down €22,566 (-19.8%), from €113,904 to €91,337
of which Furniture and vehicles: -€17,767
- Accrued charges and deferred income +€285,193
new in 2024: €285,193
- Advances received -€229,283
no longer reported in 2024 (was €229,283)
- Profit (loss) carried forward +€188,612
up €188,612 (+96.1%), from €196,220 to €384,831
- Short-term financial debts -€125,000
down €125,000 (-38.5%), from €325,000 to €200,000
- Tax, wage and social debts +€98,485
up €98,485 (+191.8%), from €51,337 to €149,823
of which Taxes: +€68,477
- Gross operating margin +€289,549
up €289,549 (+74.1%), from €390,884 to €680,434
- Staff costs +€288,536
up €288,536 (+252.2%), from €114,409 to €402,945
- Write-downs -€107,315
down €107,315, from €59,668 to -€47,647
- Taxes +€27,073
up €27,073 (+68.0%), from €39,805 to €66,878
- Depreciation +€21,468
up €21,468 (+228.4%), from €9,398 to €30,866
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 | €1,000,212 | €1,268,086 | +€267,875 | +26.8% |
| Fixed assets | 21/28 | €131,376 | €114,459 | -€16,916 | -12.9% |
| Tangible fixed assets | 22/27 | €113,904 | €91,337 | -€22,566 | -19.8% |
| Plant, machinery and equipment | 23 | €28,009 | €23,209 | -€4,800 | -17.1% |
| Furniture and vehicles | 24 | €85,895 | €68,128 | -€17,767 | -20.7% |
| Financial fixed assets | 28 | €17,472 | €23,122 | +€5,650 | +32.3% |
| Current assets | 29/58 | €868,836 | €1,153,627 | +€284,791 | +32.8% |
| Amounts receivable within one year | 40/41 | €753,200 | €936,717 | +€183,517 | +24.4% |
| Trade receivables | 40 | €498,681 | €720,727 | +€222,047 | +44.5% |
| Other amounts receivable | 41 | €254,519 | €215,989 | -€38,530 | -15.1% |
| Cash at bank and in hand | 54/58 | €115,636 | €214,830 | +€99,194 | +85.8% |
| Deferred charges and accrued income | 490/1 | - | €2,081 | +€2,081 | |
| Total equity and liabilities | 10/49 | €1,000,212 | €1,268,086 | +€267,875 | +26.8% |
| Equity | 10/15 | €206,220 | €394,831 | +€188,612 | +91.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €196,220 | €384,831 | +€188,612 | +96.1% |
| Amounts payable | 17/49 | €793,992 | €873,255 | +€79,263 | +10.0% |
| Amounts payable after more than one year | 17 | €48,487 | €21,608 | -€26,879 | -55.4% |
| Financial debts | 170/4 | €48,487 | €21,608 | -€26,879 | -55.4% |
| Amounts payable within one year | 42/48 | €745,505 | €566,454 | -€179,051 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | - | €14,385 | +€14,385 | |
| Financial debts | 43 | €325,000 | €200,000 | -€125,000 | -38.5% |
| Credit institutions | 430/8 | €325,000 | €200,000 | -€125,000 | -38.5% |
| Trade debts | 44 | €137,135 | €201,004 | +€63,869 | +46.6% |
| Suppliers | 440/4 | €137,135 | €201,004 | +€63,869 | +46.6% |
| Advances received on contracts in progress | 46 | €229,283 | - | -€229,283 | |
| Taxes, remuneration and social security | 45 | €51,337 | €149,823 | +€98,485 | +191.8% |
| Taxes | 450/3 | €25,013 | €93,490 | +€68,477 | +273.8% |
| Remuneration and social security | 454/9 | €26,324 | €56,333 | +€30,009 | +114.0% |
| Other amounts payable | 47/48 | €2,750 | €1,243 | -€1,507 | -54.8% |
| Accrued charges and deferred income | 492/3 | - | €285,193 | +€285,193 | |
| Remuneration, social security and pensions | 62 | €114,409 | €402,945 | +€288,536 | +252.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,398 | €30,866 | +€21,468 | +228.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €59,668 | -€47,647 | -€107,315 | |
| Other operating charges | 640/8 | €195 | €1,576 | +€1,381 | +707.1% |
| Non-recurring operating charges | 66A | €275 | €16,729 | +€16,454 | +5983.4% |
| Gross operating margin | 9900 | €390,884 | €680,434 | +€289,549 | +74.1% |
| Operating profit (loss) | 9901 | €206,938 | €275,964 | +€69,026 | +33.4% |
| Financial income | 75/76B | €1,027 | €4,602 | +€3,575 | +347.9% |
| Recurring financial income | 75 | €1,027 | €4,602 | +€3,575 | +347.9% |
| Financial charges | 65/66B | €19,361 | €25,076 | +€5,715 | +29.5% |
| Recurring financial charges | 65 | €19,361 | €25,076 | +€5,715 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €188,604 | €255,490 | +€66,886 | +35.5% |
| Income taxes | 67/77 | €39,805 | €66,878 | +€27,073 | +68.0% |
| Profit (loss) for the period | 9904 | €148,799 | €188,612 | +€39,813 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €148,799 | €188,612 | +€39,813 | +26.8% |
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 29 September 2026 via checked.be.