BINARY 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.
BINARY SOLUTIONS
Largest movements
- Stocks and contracts +€178,292
new in 2024: €178,292
- Tangible fixed assets -€42,260
down €42,260 (-6.6%), from €638,273 to €596,013
of which Furniture and vehicles: -€22,410
- Current investments -€30,814
down €30,814 (-100.0%), from €30,814 to €0
- Reserves +€82,748
up €82,748 (+30.3%), from €272,693 to €355,441
of which Distributable reserves: +€82,748
- Debts after one year +€65,839
up €65,839 (+45.6%), from €144,473 to €210,312
of which Financial debts: +€65,839
- Other debts -€45,037
down €45,037 (-45.0%), from €100,123 to €55,085
- Short-term financial debts -€13,834
down €13,834 (-41.9%), from €33,022 to €19,188
of which Credit institutions: -€31,754
- Trade debts +€9,541
up €9,541 (+64.7%), from €14,749 to €24,290
- Write-downs -€28,500
new in 2024: -€28,500
- Financial charges -€14,772
down €14,772 (-42.6%), from €34,659 to €19,887
- Depreciation +€12,513
up €12,513 (+38.1%), from €32,832 to €45,346
- Financial income -€8,816
down €8,816 (-94.5%), from €9,327 to €511
- Taxes +€8,061
up €8,061 (+30.0%), from €26,873 to €34,934
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 | €756,138 | €857,085 | +€100,947 | +13.4% |
| Fixed assets | 21/28 | €640,323 | €596,013 | -€44,309 | -6.9% |
| Tangible fixed assets | 22/27 | €638,273 | €596,013 | -€42,260 | -6.6% |
| Land and buildings | 22 | €488,890 | €471,480 | -€17,410 | -3.6% |
| Plant, machinery and equipment | 23 | €4,471 | €3,773 | -€698 | -15.6% |
| Furniture and vehicles | 24 | €90,033 | €67,624 | -€22,410 | -24.9% |
| Other tangible fixed assets | 26 | €54,879 | €53,137 | -€1,742 | -3.2% |
| Financial fixed assets | 28 | €2,050 | - | -€2,050 | |
| Current assets | 29/58 | €115,816 | €261,072 | +€145,256 | +125.4% |
| Stocks and contracts in progress | 3 | - | €178,292 | +€178,292 | |
| Stocks | 30/36 | - | €178,292 | +€178,292 | |
| Amounts receivable within one year | 40/41 | €73,467 | €80,432 | +€6,965 | +9.5% |
| Trade receivables | 40 | €61,801 | €71,309 | +€9,508 | +15.4% |
| Other amounts receivable | 41 | €11,666 | €9,123 | -€2,543 | -21.8% |
| Current investments | 50/53 | €30,814 | €0 | -€30,814 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,023 | - | -€6,023 | |
| Deferred charges and accrued income | 490/1 | €5,512 | €2,348 | -€3,164 | -57.4% |
| Total equity and liabilities | 10/49 | €756,138 | €857,085 | +€100,947 | +13.4% |
| Equity | 10/15 | €387,593 | €470,341 | +€82,748 | +21.3% |
| Contributions | 10/11 | €114,900 | €114,900 | = | 0.0% |
| Reserves | 13 | €272,693 | €355,441 | +€82,748 | +30.3% |
| Tax-exempt reserves | 132 | €10,198 | €10,198 | = | 0.0% |
| Distributable reserves | 133 | €262,495 | €345,243 | +€82,748 | +31.5% |
| Amounts payable | 17/49 | €368,545 | €386,744 | +€18,199 | +4.9% |
| Amounts payable after more than one year | 17 | €144,473 | €210,312 | +€65,839 | +45.6% |
| Financial debts | 170/4 | €54,473 | €120,312 | +€65,839 | +120.9% |
| Other amounts payable | 178/9 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €215,272 | €165,569 | -€49,704 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €37,945 | €28,495 | -€9,449 | -24.9% |
| Financial debts | 43 | €33,022 | €19,188 | -€13,834 | -41.9% |
| Credit institutions | 430/8 | €33,022 | €1,268 | -€31,754 | -96.2% |
| Other loans | 439 | - | €17,920 | +€17,920 | |
| Trade debts | 44 | €14,749 | €24,290 | +€9,541 | +64.7% |
| Suppliers | 440/4 | €14,749 | €24,290 | +€9,541 | +64.7% |
| Taxes, remuneration and social security | 45 | €29,434 | €38,509 | +€9,076 | +30.8% |
| Taxes | 450/3 | €29,434 | €38,509 | +€9,076 | +30.8% |
| Other amounts payable | 47/48 | €100,123 | €55,085 | -€45,037 | -45.0% |
| Accrued charges and deferred income | 492/3 | €8,800 | €10,864 | +€2,064 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,832 | €45,346 | +€12,513 | +38.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€28,500 | -€28,500 | |
| Other operating charges | 640/8 | €4,173 | €3,200 | -€973 | -23.3% |
| Gross operating margin | 9900 | €152,919 | €159,603 | +€6,684 | +4.4% |
| Operating profit (loss) | 9901 | €115,914 | €139,557 | +€23,644 | +20.4% |
| Financial income | 75/76B | €9,327 | €511 | -€8,816 | -94.5% |
| Recurring financial income | 75 | €9,327 | €511 | -€8,816 | -94.5% |
| Financial charges | 65/66B | €34,659 | €19,887 | -€14,772 | -42.6% |
| Recurring financial charges | 65 | €34,659 | €19,887 | -€14,772 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €90,582 | €120,181 | +€29,599 | +32.7% |
| Income taxes | 67/77 | €26,873 | €34,934 | +€8,061 | +30.0% |
| Profit (loss) for the period | 9904 | €63,710 | €85,248 | +€21,538 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,710 | €85,248 | +€21,538 | +33.8% |
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 28 September 2026 via checked.be.