BIOGRAPHY: 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.
BIOGRAPHY
Largest movements
- Cash -€46,138
down €46,138 (-75.7%), from €60,944 to €14,806
mainly Receivables within one year (-€26,817) and Investment in fixed assets (net) (-€21,093)
- Receivables within one year +€26,817
up €26,817 (+32.6%), from €82,234 to €109,051
of which Trade receivables: +€25,897
- Profit (loss) carried forward -€15,535
down €15,535, from €4,361 to -€11,174
- Debts after one year -€10,391
down €10,391 (-10.4%), from €100,368 to €89,977
- Trade debts +€8,487
up €8,487 (+10.4%), from €81,741 to €90,228
- Advances received +€8,015
up €8,015 (+29.6%), from €27,061 to €35,076
- Gross operating margin -€20,431
down €20,431 (-70.1%), from €29,140 to €8,710
- Depreciation +€2,120
up €2,120 (+12.5%), from €16,999 to €19,119
- Taxes -€1,890
down €1,890 (-93.1%), from €2,029 to €140
- Financial charges +€1,020
up €1,020 (+28.6%), from €3,561 to €4,580
- Other operating charges -€505
down €505 (-55.1%), from €917 to €412
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 | €401,364 | €385,041 | -€16,323 | -4.1% |
| Fixed assets | 21/28 | €258,054 | €260,027 | +€1,974 | +0.8% |
| Tangible fixed assets | 22/27 | €258,054 | €260,027 | +€1,974 | +0.8% |
| Land and buildings | 22 | €251,973 | €253,219 | +€1,246 | +0.5% |
| Plant, machinery and equipment | 23 | €6,081 | €6,808 | +€727 | +12.0% |
| Current assets | 29/58 | €143,310 | €125,014 | -€18,297 | -12.8% |
| Amounts receivable within one year | 40/41 | €82,234 | €109,051 | +€26,817 | +32.6% |
| Trade receivables | 40 | €82,216 | €108,113 | +€25,897 | +31.5% |
| Other amounts receivable | 41 | €18 | €938 | +€920 | +5,235% |
| Cash at bank and in hand | 54/58 | €60,944 | €14,806 | -€46,138 | -75.7% |
| Deferred charges and accrued income | 490/1 | €133 | €1,157 | +€1,025 | +772% |
| Total equity and liabilities | 10/49 | €401,364 | €385,041 | -€16,323 | -4.1% |
| Equity | 10/15 | €40,628 | €25,093 | -€15,535 | -38.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,067 | €30,067 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,207 | €28,207 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,361 | -€11,174 | -€15,535 | |
| Amounts payable | 17/49 | €360,736 | €359,948 | -€788 | -0.2% |
| Amounts payable after more than one year | 17 | €100,368 | €89,977 | -€10,391 | -10.4% |
| Financial debts | 170/4 | €100,368 | €89,977 | -€10,391 | -10.4% |
| Amounts payable within one year | 42/48 | €257,723 | €269,971 | +€12,248 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €10,563 | €10,923 | +€360 | +3.4% |
| Financial debts | 43 | €274 | €274 | = | 0.0% |
| Credit institutions | 430/8 | €274 | €274 | = | 0.0% |
| Trade debts | 44 | €81,741 | €90,228 | +€8,487 | +10.4% |
| Suppliers | 440/4 | €81,741 | €90,228 | +€8,487 | +10.4% |
| Advances received on contracts in progress | 46 | €27,061 | €35,076 | +€8,015 | +29.6% |
| Taxes, remuneration and social security | 45 | €4,338 | €3,330 | -€1,008 | -23.2% |
| Taxes | 450/3 | €4,338 | €3,330 | -€1,008 | -23.2% |
| Other amounts payable | 47/48 | €133,746 | €130,140 | -€3,606 | -2.7% |
| Accrued charges and deferred income | 492/3 | €2,645 | - | -€2,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,999 | €19,119 | +€2,120 | +12.5% |
| Other operating charges | 640/8 | €917 | €412 | -€505 | -55.1% |
| Gross operating margin | 9900 | €29,140 | €8,710 | -€20,431 | -70.1% |
| Operating profit (loss) | 9901 | €11,224 | -€10,821 | -€22,045 | |
| Financial income | 75/76B | €10 | €6 | -€4 | -40.3% |
| Recurring financial income | 75 | €10 | €6 | -€4 | -40.3% |
| Financial charges | 65/66B | €3,561 | €4,580 | +€1,020 | +28.6% |
| Recurring financial charges | 65 | €3,561 | €4,580 | +€1,020 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €7,672 | -€15,396 | -€23,068 | |
| Income taxes | 67/77 | €2,029 | €140 | -€1,890 | -93.1% |
| Profit (loss) for the period | 9904 | €5,643 | -€15,535 | -€21,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,643 | -€15,535 | -€21,178 |
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 18 October 2026 via checked.be.