BN PRODUCT: 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.
BN PRODUCT
Largest movements
- Receivables within one year -€337,968
down €337,968 (-45.9%), from €735,801 to €397,833
of which Trade receivables: -€414,721
- Tangible fixed assets -€66,483
no longer reported in 2024 (was €66,483)
- Trade debts -€455,412
down €455,412 (-90.1%), from €505,694 to €50,283
- Profit (loss) carried forward +€55,110
up €55,110 (+36.0%), from €153,294 to €208,405
- Current portion of long-term debt -€14,823
down €14,823 (-79.4%), from €18,678 to €3,856
- Tax, wage and social debts +€11,642
up €11,642 (+24.7%), from €47,059 to €58,701
- Depreciation -€38,171
down €38,171 (-98.3%), from €38,846 to €676
- Gross operating margin +€17,660
up €17,660 (+32.5%), from €54,282 to €71,942
- Taxes +€9,666
up €9,666 (+84.3%), from €11,470 to €21,135
- Financial income +€8,261
up €8,261 (+3,140%), from €263 to €8,524
- Other operating charges -€6,675
down €6,675 (-74.1%), from €9,006 to €2,330
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 | €804,085 | €400,603 | -€403,482 | -50.2% |
| Fixed assets | 21/28 | €66,483 | - | -€66,483 | |
| Tangible fixed assets | 22/27 | €66,483 | - | -€66,483 | |
| Furniture and vehicles | 24 | €66,483 | - | -€66,483 | |
| Current assets | 29/58 | €737,602 | €400,603 | -€336,999 | -45.7% |
| Amounts receivable within one year | 40/41 | €735,801 | €397,833 | -€337,968 | -45.9% |
| Trade receivables | 40 | €646,121 | €231,400 | -€414,721 | -64.2% |
| Other amounts receivable | 41 | €89,680 | €166,433 | +€76,753 | +85.6% |
| Cash at bank and in hand | 54/58 | €669 | €1,590 | +€921 | +138% |
| Deferred charges and accrued income | 490/1 | €1,132 | €1,180 | +€48 | +4.2% |
| Total equity and liabilities | 10/49 | €804,085 | €400,603 | -€403,482 | -50.2% |
| Equity | 10/15 | €154,294 | €209,405 | +€55,110 | +35.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,294 | €208,405 | +€55,110 | +36.0% |
| Amounts payable | 17/49 | €649,790 | €191,198 | -€458,592 | -70.6% |
| Amounts payable after more than one year | 17 | €78,359 | €78,359 | = | 0.0% |
| Financial debts | 170/4 | €78,359 | €78,359 | = | 0.0% |
| Amounts payable within one year | 42/48 | €571,431 | €112,839 | -€458,592 | -80.3% |
| Current portion of amounts payable after more than one year | 42 | €18,678 | €3,856 | -€14,823 | -79.4% |
| Trade debts | 44 | €505,694 | €50,283 | -€455,412 | -90.1% |
| Suppliers | 440/4 | €505,694 | €50,283 | -€455,412 | -90.1% |
| Taxes, remuneration and social security | 45 | €47,059 | €58,701 | +€11,642 | +24.7% |
| Taxes | 450/3 | €47,059 | €58,701 | +€11,642 | +24.7% |
| Remuneration, social security and pensions | 62 | - | €27 | +€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,846 | €676 | -€38,171 | -98.3% |
| Other operating charges | 640/8 | €9,006 | €2,330 | -€6,675 | -74.1% |
| Non-recurring operating charges | 66A | €1,358 | €118 | -€1,240 | -91.3% |
| Gross operating margin | 9900 | €54,282 | €71,942 | +€17,660 | +32.5% |
| Operating profit (loss) | 9901 | €5,072 | €68,791 | +€63,719 | +1,256% |
| Financial income | 75/76B | €263 | €8,524 | +€8,261 | +3,140% |
| Recurring financial income | 75 | €263 | €8,524 | +€8,261 | +3,140% |
| Financial charges | 65/66B | €6,808 | €1,069 | -€5,739 | -84.3% |
| Recurring financial charges | 65 | €6,808 | €1,069 | -€5,739 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,473 | €76,246 | +€77,719 | |
| Income taxes | 67/77 | €11,470 | €21,135 | +€9,666 | +84.3% |
| Profit (loss) for the period | 9904 | -€12,943 | €55,110 | +€68,053 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,943 | €55,110 | +€68,053 |
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 1 November 2026 via checked.be.