BM: 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.
BM
Largest movements
- Tangible fixed assets -€59,989
down €59,989 (-17.4%), from €344,810 to €284,821
of which Leasing and similar rights: -€38,159
- Receivables within one year +€21,869
up €21,869 (+77.4%), from €28,267 to €50,136
of which Trade receivables: +€33,993
- Debts after one year -€56,487
down €56,487 (-22.3%), from €252,985 to €196,498
- Reserves +€22,000
up €22,000 (+14.0%), from €157,300 to €179,300
- Other debts -€7,701
down €7,701 (-71.0%), from €10,842 to €3,141
- Tax, wage and social debts +€6,679
new in 2024: €6,679
- Gross operating margin -€13,770
down €13,770 (-11.2%), from €122,904 to €109,134
- Financial charges -€2,901
down €2,901 (-33.5%), from €8,661 to €5,761
- Depreciation +€2,637
up €2,637 (+4.6%), from €57,351 to €59,989
- Other operating charges -€1,512
down €1,512 (-67.2%), from €2,252 to €739
- Taxes -€1,326
down €1,326 (-9.3%), from €14,259 to €12,933
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 | €498,671 | €467,753 | -€30,918 | -6.2% |
| Fixed assets | 21/28 | €344,810 | €284,821 | -€59,989 | -17.4% |
| Tangible fixed assets | 22/27 | €344,810 | €284,821 | -€59,989 | -17.4% |
| Plant, machinery and equipment | 23 | €10,124 | €5,889 | -€4,235 | -41.8% |
| Furniture and vehicles | 24 | €62,903 | €45,308 | -€17,595 | -28.0% |
| Leasing and similar rights | 25 | €271,783 | €233,624 | -€38,159 | -14.0% |
| Current assets | 29/58 | €153,861 | €182,932 | +€29,071 | +18.9% |
| Amounts receivable within one year | 40/41 | €28,267 | €50,136 | +€21,869 | +77.4% |
| Trade receivables | 40 | €16,143 | €50,136 | +€33,993 | +210.6% |
| Other amounts receivable | 41 | €12,124 | - | -€12,124 | |
| Cash at bank and in hand | 54/58 | €124,510 | €127,194 | +€2,684 | +2.2% |
| Deferred charges and accrued income | 490/1 | €1,084 | €5,602 | +€4,518 | +416.9% |
| Total equity and liabilities | 10/49 | €498,671 | €467,753 | -€30,918 | -6.2% |
| Equity | 10/15 | €180,957 | €200,670 | +€19,712 | +10.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €157,300 | €179,300 | +€22,000 | +14.0% |
| Distributable reserves | 133 | €157,300 | €179,300 | +€22,000 | +14.0% |
| Profit (loss) carried forward | 14 | €465 | €452 | -€14 | -2.9% |
| Investment grants | 15 | €18,192 | €15,918 | -€2,274 | -12.5% |
| Amounts payable | 17/49 | €317,713 | €267,083 | -€50,630 | -15.9% |
| Amounts payable after more than one year | 17 | €252,985 | €196,498 | -€56,487 | -22.3% |
| Financial debts | 170/4 | €252,985 | €196,498 | -€56,487 | -22.3% |
| Amounts payable within one year | 42/48 | €64,335 | €70,585 | +€6,250 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €53,358 | €56,487 | +€3,129 | +5.9% |
| Trade debts | 44 | €135 | €4,278 | +€4,143 | +3070.9% |
| Suppliers | 440/4 | €135 | €4,278 | +€4,143 | +3070.9% |
| Taxes, remuneration and social security | 45 | - | €6,679 | +€6,679 | |
| Taxes | 450/3 | - | €6,679 | +€6,679 | |
| Other amounts payable | 47/48 | €10,842 | €3,141 | -€7,701 | -71.0% |
| Accrued charges and deferred income | 492/3 | €394 | - | -€394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,351 | €59,989 | +€2,637 | +4.6% |
| Other operating charges | 640/8 | €2,252 | €739 | -€1,512 | -67.2% |
| Gross operating margin | 9900 | €122,904 | €109,134 | -€13,770 | -11.2% |
| Operating profit (loss) | 9901 | €63,300 | €48,406 | -€14,895 | -23.5% |
| Financial income | 75/76B | €2,274 | €2,274 | -€0 | 0.0% |
| Recurring financial income | 75 | €2,274 | €2,274 | -€0 | 0.0% |
| Financial charges | 65/66B | €8,661 | €5,761 | -€2,901 | -33.5% |
| Recurring financial charges | 65 | €8,661 | €5,761 | -€2,901 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €56,913 | €44,919 | -€11,994 | -21.1% |
| Income taxes | 67/77 | €14,259 | €12,933 | -€1,326 | -9.3% |
| Profit (loss) for the period | 9904 | €42,654 | €31,986 | -€10,668 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,654 | €31,986 | -€10,668 | -25.0% |
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 30 September 2026 via checked.be.