Black group: 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.
Black group
Largest movements
- Cash +€172,465
up €172,465 (+78.7%), from €219,106 to €391,570
mainly Trade debts (+€141,798) and Depreciation (+€76,588)
- Receivables within one year +€21,408
up €21,408 (+53.5%), from €40,006 to €61,414
- Tangible fixed assets -€9,530
down €9,530 (-3.5%), from €269,029 to €259,500
of which Other tangible fixed assets: -€11,936
- Trade debts +€141,798
up €141,798 (+38.7%), from €366,674 to €508,471
- Tax, wage and social debts +€46,017
up €46,017 (+36.7%), from €125,446 to €171,463
of which Taxes: +€30,056
- Gross operating margin +€19,216
up €19,216 (+4.8%), from €402,430 to €421,646
- Depreciation +€13,123
up €13,123 (+20.7%), from €63,465 to €76,588
- Financial charges +€9,311
up €9,311 (+59.8%), from €15,578 to €24,889
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 | €623,162 | €800,975 | +€177,813 | +28.5% |
| Fixed assets | 21/28 | €361,027 | €345,497 | -€15,530 | -4.3% |
| Intangible fixed assets | 21 | €49,500 | €43,500 | -€6,000 | -12.1% |
| Tangible fixed assets | 22/27 | €269,029 | €259,500 | -€9,530 | -3.5% |
| Plant, machinery and equipment | 23 | €10,433 | €8,310 | -€2,124 | -20.4% |
| Furniture and vehicles | 24 | €134,114 | €138,645 | +€4,531 | +3.4% |
| Other tangible fixed assets | 26 | €124,482 | €112,546 | -€11,936 | -9.6% |
| Financial fixed assets | 28 | €42,497 | €42,497 | = | 0.0% |
| Current assets | 29/58 | €262,135 | €455,478 | +€193,342 | +73.8% |
| Stocks and contracts in progress | 3 | €3,024 | €2,494 | -€530 | -17.5% |
| Stocks | 30/36 | €3,024 | €2,494 | -€530 | -17.5% |
| Amounts receivable within one year | 40/41 | €40,006 | €61,414 | +€21,408 | +53.5% |
| Other amounts receivable | 41 | €40,006 | €61,414 | +€21,408 | +53.5% |
| Cash at bank and in hand | 54/58 | €219,106 | €391,570 | +€172,465 | +78.7% |
| Total equity and liabilities | 10/49 | €623,162 | €800,975 | +€177,813 | +28.5% |
| Equity | 10/15 | -€10,957 | -€15,960 | -€5,002 | -45.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,957 | -€20,960 | -€5,002 | -31.3% |
| Amounts payable | 17/49 | €634,119 | €816,934 | +€182,815 | +28.8% |
| Amounts payable within one year | 42/48 | €634,119 | €816,934 | +€182,815 | +28.8% |
| Trade debts | 44 | €366,674 | €508,471 | +€141,798 | +38.7% |
| Suppliers | 440/4 | €366,674 | €508,471 | +€141,798 | +38.7% |
| Taxes, remuneration and social security | 45 | €125,446 | €171,463 | +€46,017 | +36.7% |
| Taxes | 450/3 | €5,257 | €35,312 | +€30,056 | +571.8% |
| Remuneration and social security | 454/9 | €120,189 | €136,151 | +€15,962 | +13.3% |
| Other amounts payable | 47/48 | €142,000 | €137,000 | -€5,000 | -3.5% |
| Remuneration, social security and pensions | 62 | €323,492 | €325,121 | +€1,629 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,465 | €76,588 | +€13,123 | +20.7% |
| Other operating charges | 640/8 | €611 | €50 | -€561 | -91.8% |
| Gross operating margin | 9900 | €402,430 | €421,646 | +€19,216 | +4.8% |
| Operating profit (loss) | 9901 | €14,862 | €19,887 | +€5,025 | +33.8% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €15,578 | €24,889 | +€9,311 | +59.8% |
| Recurring financial charges | 65 | €15,578 | €24,889 | +€9,311 | +59.8% |
| Profit (loss) for the period before taxes | 9903 | -€703 | -€5,002 | -€4,299 | -611.8% |
| Profit (loss) for the period | 9904 | -€703 | -€5,002 | -€4,299 | -611.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€703 | -€5,002 | -€4,299 | -611.8% |
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 6 October 2026 via checked.be.