Skip to content

BELGIUM FULL SERVICES: 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.

What changed

BELGIUM FULL SERVICES

BE 0663.958.367
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€66,799
2023 · €94,908-€28,109
Equity
€369,007
2023 · €302,185+€66,821
Cash
-
2023 · €90,063-€90,063
Balance sheet total
€967,634
2023 · €627,356+€340,278

Largest movements

2023 to 2024
Assets
  • Receivables within one year +€259,244

    up €259,244 (+53.1%), from €488,338 to €747,582

    of which Trade receivables: +€244,442

  • Current investments +€172,490

    new in 2024: €172,490

  • Cash -€90,063

    no longer reported in 2024 (was €90,063)

    mainly Receivables within one year (-€259,244) and Current investments (-€172,490)

  • Deferred charges and accrued income -€18,179

    down €18,179 (-57.7%), from €31,530 to €13,350

  • Tangible fixed assets +€16,786

    up €16,786 (+164%), from €10,207 to €26,993

    of which Furniture and vehicles: +€17,186

Equity and liabilities
  • Tax, wage and social debts +€144,548

    up €144,548 (+65.8%), from €219,786 to €364,334

    of which Taxes: +€202,031

  • Trade debts +€128,909

    up €128,909 (+122%), from €105,385 to €234,294

  • Reserves +€66,799

    up €66,799 (+23.9%), from €279,607 to €346,407

Income statement
  • Gross operating margin +€154,029

    up €154,029 (+35.1%), from €438,217 to €592,247

  • Taxes +€132,251

    up €132,251 (+279%), from €47,325 to €179,576

  • Financial income -€73,482

    down €73,482 (-82.4%), from €89,231 to €15,748

  • Staff costs +€70,700

    up €70,700 (+26.1%), from €270,427 to €341,127

  • Financial charges -€59,857

    down €59,857 (-85.0%), from €70,420 to €10,562

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €94,908
Gross operating margin +€154,029
Staff costs -€70,700
Depreciation -€1,275
Write-downs +€27,000
Other operating charges +€8,713
Financial income -€73,482
Financial charges +€59,857
Taxes -€132,251
Result 2024 €66,799
raises the resultlowers the result

Derived cash bridge

cash 2023 to 2024

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.

From operations +€104,103
Investment -€194,187
Financing +€22
Cash 2023 €90,063
Net result for the year +€66,799
Depreciation +€4,911
Receivables within one year -€259,244
Deferred charges and accrued income +€18,179
Trade debts +€128,909
Tax, wage and social debts +€144,548
Investment in fixed assets (net) -€21,697
Current investments -€172,490
Contributions, distributions and other +€22
Cash 2024 €0
brings cash intakes cash out
Every line side by side 40 lines
Line Code 2023 2024 Change %
Total assets 20/58 €627,356 €967,634 +€340,278 +54.2%
Fixed assets 21/28 €17,426 €34,212 +€16,786 +96.3%
Tangible fixed assets 22/27 €10,207 €26,993 +€16,786 +164%
Plant, machinery and equipment 23 €1,277 €877 -€400 -31.3%
Furniture and vehicles 24 €8,930 €26,116 +€17,186 +192%
Financial fixed assets 28 €7,219 €7,219 = 0.0%
Current assets 29/58 €609,930 €933,422 +€323,492 +53.0%
Amounts receivable within one year 40/41 €488,338 €747,582 +€259,244 +53.1%
Trade receivables 40 €346,553 €590,995 +€244,442 +70.5%
Other amounts receivable 41 €141,785 €156,586 +€14,802 +10.4%
Current investments 50/53 - €172,490 +€172,490
Cash at bank and in hand 54/58 €90,063 - -€90,063
Deferred charges and accrued income 490/1 €31,530 €13,350 -€18,179 -57.7%
Total equity and liabilities 10/49 €627,356 €967,634 +€340,278 +54.2%
Equity 10/15 €302,185 €369,007 +€66,821 +22.1%
Contributions 10/11 €22,600 €22,600 = 0.0%
Reserves 13 €279,607 €346,407 +€66,799 +23.9%
Distributable reserves 133 €279,607 €346,407 +€66,799 +23.9%
Profit (loss) carried forward 14 -€22 - +€22
Amounts payable 17/49 €325,171 €598,628 +€273,457 +84.1%
Amounts payable within one year 42/48 €325,171 €598,628 +€273,457 +84.1%
Trade debts 44 €105,385 €234,294 +€128,909 +122%
Suppliers 440/4 €105,385 €234,294 +€128,909 +122%
Taxes, remuneration and social security 45 €219,786 €364,334 +€144,548 +65.8%
Taxes 450/3 €155,482 €357,513 +€202,031 +130%
Remuneration and social security 454/9 €64,303 €6,821 -€57,483 -89.4%
Remuneration, social security and pensions 62 €270,427 €341,127 +€70,700 +26.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €3,636 €4,911 +€1,275 +35.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) 631/4 - -€27,000 -€27,000
Other operating charges 640/8 €40,732 €32,019 -€8,713 -21.4%
Gross operating margin 9900 €438,217 €592,247 +€154,029 +35.1%
Operating profit (loss) 9901 €123,422 €241,189 +€117,767 +95.4%
Financial income 75/76B €89,231 €15,748 -€73,482 -82.4%
Recurring financial income 75 €89,231 €15,748 -€73,482 -82.4%
Financial charges 65/66B €70,420 €10,562 -€59,857 -85.0%
Recurring financial charges 65 €70,420 €10,562 -€59,857 -85.0%
Profit (loss) for the period before taxes 9903 €142,233 €246,375 +€104,142 +73.2%
Income taxes 67/77 €47,325 €179,576 +€132,251 +279%
Profit (loss) for the period 9904 €94,908 €66,799 -€28,109 -29.6%
Profit (loss) for the period to be appropriated 9905 €94,908 €66,799 -€28,109 -29.6%

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 22 October 2026 via checked.be.