BOX-LOG: 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.
BOX-LOG
Largest movements
- Tangible fixed assets +€715,506
up €715,506 (+53.4%), from €1.3m to €2.1m
of which Land and buildings: +€720,082
- Cash -€66,332
down €66,332 (-83.2%), from €79,747 to €13,415
mainly Investment in fixed assets (net) (-€827,070) and Net result for the year (-€95,663)
- Debts after one year +€701,209
up €701,209 (+58.8%), from €1.2m to €1.9m
of which Financial debts: +€701,209
- Profit (loss) carried forward -€62,278
new in 2024: -€62,278
- Current portion of long-term debt +€33,781
up €33,781 (+38.2%), from €88,493 to €122,275
- Reserves -€33,385
down €33,385 (-100.0%), from €33,385 to €0
- Gross operating margin -€90,797
down €90,797 (-48.7%), from €186,500 to €95,704
- Financial charges +€25,770
up €25,770 (+61.5%), from €41,901 to €67,671
- Depreciation +€16,732
up €16,732 (+17.6%), from €94,832 to €111,564
- Other operating charges -€4,091
down €4,091 (-25.0%), from €16,385 to €12,293
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 | €1,461,823 | €2,122,111 | +€660,288 | +45.2% |
| Fixed assets | 21/28 | €1,338,715 | €2,054,221 | +€715,506 | +53.4% |
| Tangible fixed assets | 22/27 | €1,338,715 | €2,054,221 | +€715,506 | +53.4% |
| Land and buildings | 22 | €1,319,829 | €2,039,910 | +€720,082 | +54.6% |
| Plant, machinery and equipment | 23 | €12,310 | €8,925 | -€3,385 | -27.5% |
| Furniture and vehicles | 24 | €6,576 | €5,385 | -€1,191 | -18.1% |
| Current assets | 29/58 | €123,109 | €67,891 | -€55,218 | -44.9% |
| Amounts receivable within one year | 40/41 | €43,361 | €54,476 | +€11,114 | +25.6% |
| Trade receivables | 40 | €32,781 | €42,160 | +€9,379 | +28.6% |
| Other amounts receivable | 41 | €10,580 | €12,316 | +€1,736 | +16.4% |
| Cash at bank and in hand | 54/58 | €79,747 | €13,415 | -€66,332 | -83.2% |
| Total equity and liabilities | 10/49 | €1,461,823 | €2,122,111 | +€660,288 | +45.2% |
| Equity | 10/15 | €53,385 | -€42,278 | -€95,663 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €33,385 | €0 | -€33,385 | -100.0% |
| Distributable reserves | 133 | €33,385 | €0 | -€33,385 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€62,278 | -€62,278 | |
| Amounts payable | 17/49 | €1,408,438 | €2,164,389 | +€755,951 | +53.7% |
| Amounts payable after more than one year | 17 | €1,192,864 | €1,894,073 | +€701,209 | +58.8% |
| Financial debts | 170/4 | €1,142,864 | €1,844,073 | +€701,209 | +61.4% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €215,574 | €260,436 | +€44,862 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €88,493 | €122,275 | +€33,781 | +38.2% |
| Trade debts | 44 | €932 | €677 | -€255 | -27.4% |
| Suppliers | 440/4 | €932 | €677 | -€255 | -27.4% |
| Taxes, remuneration and social security | 45 | €1,919 | €12,440 | +€10,521 | +548.1% |
| Taxes | 450/3 | €1,919 | €12,440 | +€10,521 | +548.1% |
| Other amounts payable | 47/48 | €124,230 | €125,045 | +€815 | +0.7% |
| Accrued charges and deferred income | 492/3 | - | €9,880 | +€9,880 | |
| Non-recurring operating income | 76A | €969 | €800 | -€169 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,832 | €111,564 | +€16,732 | +17.6% |
| Other operating charges | 640/8 | €16,385 | €12,293 | -€4,091 | -25.0% |
| Gross operating margin | 9900 | €186,500 | €95,704 | -€90,797 | -48.7% |
| Operating profit (loss) | 9901 | €75,284 | -€28,154 | -€103,437 | |
| Financial income | 75/76B | €3 | €162 | +€159 | +5266.8% |
| Recurring financial income | 75 | €3 | €162 | +€159 | +5266.8% |
| Financial charges | 65/66B | €41,901 | €67,671 | +€25,770 | +61.5% |
| Recurring financial charges | 65 | €41,901 | €67,671 | +€25,770 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | €33,385 | -€95,663 | -€129,048 | |
| Profit (loss) for the period | 9904 | €33,385 | -€95,663 | -€129,048 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,385 | -€95,663 | -€129,048 |
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 4 October 2026 via checked.be.