belgian vibes: 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.
belgian vibes
Largest movements
- Tangible fixed assets +€23,551
up €23,551 (+1,233%), from €1,910 to €25,461
of which Plant, machinery and equipment: +€23,111
- Receivables within one year -€18,171
down €18,171 (-25.9%), from €70,253 to €52,083
of which Other amounts receivable: -€24,992
- Deferred charges and accrued income +€1,360
up €1,360 (+37.5%), from €3,623 to €4,983
- Cash +€1,185
up €1,185 (+16.1%), from €7,338 to €8,523
mainly Tax, wage and social debts (+€182,638) and Trade debts (+€85,017)
- Profit (loss) carried forward -€254,585
down €254,585 (-12,060%), from -€2,111 to -€256,696
- Tax, wage and social debts +€182,638
up €182,638 (+868%), from €21,048 to €203,686
of which Remuneration and social security: +€121,512
- Trade debts +€85,017
up €85,017 (+249%), from €34,112 to €119,130
- Other debts -€4,107
down €4,107 (-21.7%), from €18,910 to €14,803
- Staff costs +€132,941
up €132,941 (+63.8%), from €208,268 to €341,209
- Other operating charges +€107,791
up €107,791 (+2,502%), from €4,307 to €112,098
- Gross operating margin +€105,527
up €105,527 (+53.6%), from €196,730 to €302,257
- Financial charges +€64,962
up €64,962 (+24,062%), from €270 to €65,232
- Write-downs +€23,050
new in 2024: €23,050
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.
Derived cash bridge
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 | €100,961 | €108,886 | +€7,925 | +7.9% |
| Fixed assets | 21/28 | €16,380 | €39,931 | +€23,551 | +144% |
| Tangible fixed assets | 22/27 | €1,910 | €25,461 | +€23,551 | +1,233% |
| Plant, machinery and equipment | 23 | - | €23,111 | +€23,111 | |
| Furniture and vehicles | 24 | €1,910 | €2,350 | +€440 | +23.1% |
| Financial fixed assets | 28 | €14,470 | €14,470 | = | 0.0% |
| Current assets | 29/58 | €84,581 | €68,955 | -€15,626 | -18.5% |
| Stocks and contracts in progress | 3 | €3,367 | €3,367 | = | 0.0% |
| Stocks | 30/36 | €3,367 | €3,367 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €70,253 | €52,083 | -€18,171 | -25.9% |
| Trade receivables | 40 | €44,066 | €50,887 | +€6,821 | +15.5% |
| Other amounts receivable | 41 | €26,187 | €1,195 | -€24,992 | -95.4% |
| Cash at bank and in hand | 54/58 | €7,338 | €8,523 | +€1,185 | +16.1% |
| Deferred charges and accrued income | 490/1 | €3,623 | €4,983 | +€1,360 | +37.5% |
| Total equity and liabilities | 10/49 | €100,961 | €108,886 | +€7,925 | +7.9% |
| Equity | 10/15 | €16,489 | -€238,096 | -€254,585 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,111 | -€256,696 | -€254,585 | -12,060% |
| Amounts payable | 17/49 | €84,472 | €346,982 | +€262,510 | +311% |
| Amounts payable after more than one year | 17 | €9,177 | €9,177 | = | 0.0% |
| Financial debts | 170/4 | €9,177 | €9,177 | = | 0.0% |
| Amounts payable within one year | 42/48 | €75,295 | €337,805 | +€262,510 | +349% |
| Current portion of amounts payable after more than one year | 42 | €1,225 | €188 | -€1,038 | -84.7% |
| Trade debts | 44 | €34,112 | €119,130 | +€85,017 | +249% |
| Suppliers | 440/4 | €34,112 | €119,130 | +€85,017 | +249% |
| Taxes, remuneration and social security | 45 | €21,048 | €203,686 | +€182,638 | +868% |
| Taxes | 450/3 | €19,040 | €80,166 | +€61,125 | +321% |
| Remuneration and social security | 454/9 | €2,008 | €123,520 | +€121,512 | +6,052% |
| Other amounts payable | 47/48 | €18,910 | €14,803 | -€4,107 | -21.7% |
| Remuneration, social security and pensions | 62 | €208,268 | €341,209 | +€132,941 | +63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173 | €2,905 | +€2,732 | +1,580% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €23,050 | +€23,050 | |
| Other operating charges | 640/8 | €4,307 | €112,098 | +€107,791 | +2,502% |
| Non-recurring operating charges | 66A | €4,936 | €96 | -€4,840 | -98.0% |
| Gross operating margin | 9900 | €196,730 | €302,257 | +€105,527 | +53.6% |
| Operating profit (loss) | 9901 | -€20,955 | -€177,101 | -€156,146 | -745% |
| Financial income | 75/76B | €1 | €48 | +€48 | +5,166% |
| Recurring financial income | 75 | €1 | €48 | +€48 | +5,166% |
| Financial charges | 65/66B | €270 | €65,232 | +€64,962 | +24,062% |
| Recurring financial charges | 65 | €270 | €65,232 | +€64,962 | +24,062% |
| Profit (loss) for the period before taxes | 9903 | -€21,224 | -€242,285 | -€221,061 | -1,042% |
| Income taxes | 67/77 | - | €12,300 | +€12,300 | |
| Profit (loss) for the period | 9904 | -€21,224 | -€254,585 | -€233,361 | -1,100% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,224 | -€254,585 | -€233,361 | -1,100% |
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 24 October 2026 via checked.be.