BRAINSTORMING: 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.
What changed
BRAINSTORMING
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€24,502
2023 · €59,707-€35,205
Equity
€1.5m
2023 · €1.5m+€10,872
Cash
€113,928
2023 · €216,241-€102,313
Balance sheet total
€4.5m
2023 · €5.1m-€602,789
Largest movements
Assets
- Receivables within one year -€293,951
down €293,951 (-15.3%), from €1.9m to €1.6m
of which Other amounts receivable: -€237,351
- Tangible fixed assets -€230,445
down €230,445 (-9.4%), from €2.4m to €2.2m
of which Land and buildings: -€134,566
- Cash -€102,313
down €102,313 (-47.3%), from €216,241 to €113,928
mainly Short-term financial debts (-€208,000) and Debts after one year (-€178,547)
Equity and liabilities
- Short-term financial debts -€208,000
down €208,000 (-23.9%), from €870,000 to €662,000
- Debts after one year -€178,547
down €178,547 (-12.4%), from €1.4m to €1.3m
- Trade debts -€167,067
down €167,067 (-22.4%), from €747,330 to €580,264
Income statement
- Gross operating margin -€238,734
down €238,734 (-9.2%), from €2.6m to €2.3m
- Staff costs -€138,244
down €138,244 (-6.6%), from €2.1m to €2.0m
- Depreciation -€48,997
down €48,997 (-15.6%), from €314,998 to €266,002
- Financial income -€28,238
down €28,238 (-48.7%), from €57,926 to €29,688
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.
Result 2023
€59,707
Gross operating margin
-€238,734
Staff costs
+€138,244
Depreciation
+€48,997
Write-downs
-€9,984
Other operating charges
+€20,988
Financial income
-€28,238
Financial charges
+€19,917
Taxes
+€13,606
Result 2024
€24,502
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.
From operations
+€381,479
Investment
-€49,128
Financing
-€434,664
Cash 2023
€216,241
From operations (derived)
+€381,479
Net result for the year
+€24,502
Depreciation
+€266,002
Stocks and contracts
-€17,373
Receivables within one year
+€293,951
Deferred charges and accrued income
+€7,024
Trade debts
-€167,067
Tax, wage and social debts
-€24,474
Advances received
+€3,037
Other debts
-€915
Accrued charges and deferred income
-€3,208
Investment (derived)
-€49,128
Investment in fixed assets (net)
-€35,602
Current investments
-€13,527
Financing
-€434,664
Debts after one year
-€178,547
Current portion of long-term debt
-€34,488
Short-term financial debts
-€208,000
Contributions, distributions and other
-€13,630
Cash 2024
€113,928
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,096,096 | €4,493,307 | -€602,789 | -11.8% |
| Fixed assets | 21/28 | €2,572,901 | €2,342,501 | -€230,400 | -9.0% |
| Intangible fixed assets | 21 | €12,212 | €12,256 | +€45 | +0.4% |
| Tangible fixed assets | 22/27 | €2,443,189 | €2,212,745 | -€230,445 | -9.4% |
| Land and buildings | 22 | €2,117,536 | €1,982,970 | -€134,566 | -6.4% |
| Plant, machinery and equipment | 23 | €118,093 | €89,756 | -€28,337 | -24.0% |
| Furniture and vehicles | 24 | €207,561 | €127,926 | -€79,635 | -38.4% |
| Assets under construction and advance payments | 27 | - | €12,093 | +€12,093 | |
| Financial fixed assets | 28 | €117,500 | €117,500 | = | 0.0% |
| Current assets | 29/58 | €2,523,196 | €2,150,806 | -€372,389 | -14.8% |
| Stocks and contracts in progress | 3 | €8,738 | €26,111 | +€17,373 | +198.8% |
| Stocks | 30/36 | €8,738 | €26,111 | +€17,373 | +198.8% |
| Amounts receivable within one year | 40/41 | €1,923,850 | €1,629,899 | -€293,951 | -15.3% |
| Trade receivables | 40 | €1,367,635 | €1,311,034 | -€56,600 | -4.1% |
| Other amounts receivable | 41 | €556,215 | €318,865 | -€237,351 | -42.7% |
| Current investments | 50/53 | €321,234 | €334,761 | +€13,527 | +4.2% |
| Cash at bank and in hand | 54/58 | €216,241 | €113,928 | -€102,313 | -47.3% |
| Deferred charges and accrued income | 490/1 | €53,133 | €46,109 | -€7,024 | -13.2% |
| Total equity and liabilities | 10/49 | €5,096,096 | €4,493,307 | -€602,789 | -11.8% |
| Equity | 10/15 | €1,488,367 | €1,499,240 | +€10,872 | +0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €15,860 | €15,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €9,660 | €9,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,248,112 | €1,272,614 | +€24,502 | +2.0% |
| Investment grants | 15 | €162,395 | €148,766 | -€13,630 | -8.4% |
| Provisions and deferred taxes | 16 | €497 | €497 | = | 0.0% |
| Deferred taxes | 168 | €497 | €497 | = | 0.0% |
| Amounts payable | 17/49 | €3,607,232 | €2,993,571 | -€613,662 | -17.0% |
| Amounts payable after more than one year | 17 | €1,441,249 | €1,262,702 | -€178,547 | -12.4% |
| Financial debts | 170/4 | €1,441,249 | €1,262,702 | -€178,547 | -12.4% |
| Amounts payable within one year | 42/48 | €2,159,779 | €1,727,873 | -€431,906 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €218,894 | €184,407 | -€34,488 | -15.8% |
| Financial debts | 43 | €870,000 | €662,000 | -€208,000 | -23.9% |
| Credit institutions | 430/8 | €870,000 | €662,000 | -€208,000 | -23.9% |
| Trade debts | 44 | €747,330 | €580,264 | -€167,067 | -22.4% |
| Suppliers | 440/4 | €747,330 | €580,264 | -€167,067 | -22.4% |
| Advances received on contracts in progress | 46 | - | €3,037 | +€3,037 | |
| Taxes, remuneration and social security | 45 | €322,640 | €298,165 | -€24,474 | -7.6% |
| Taxes | 450/3 | €119,255 | €79,832 | -€39,422 | -33.1% |
| Remuneration and social security | 454/9 | €203,385 | €218,333 | +€14,948 | +7.3% |
| Other amounts payable | 47/48 | €915 | - | -€915 | |
| Accrued charges and deferred income | 492/3 | €6,204 | €2,996 | -€3,208 | -51.7% |
| Remuneration, social security and pensions | 62 | €2,103,035 | €1,964,791 | -€138,244 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314,998 | €266,002 | -€48,997 | -15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,984 | - | +€9,984 | |
| Other operating charges | 640/8 | €48,589 | €27,601 | -€20,988 | -43.2% |
| Gross operating margin | 9900 | €2,582,856 | €2,344,123 | -€238,734 | -9.2% |
| Operating profit (loss) | 9901 | €126,218 | €85,729 | -€40,489 | -32.1% |
| Financial income | 75/76B | €57,926 | €29,688 | -€28,238 | -48.7% |
| Recurring financial income | 75 | €57,926 | €29,688 | -€28,238 | -48.7% |
| Financial charges | 65/66B | €87,309 | €67,393 | -€19,917 | -22.8% |
| Recurring financial charges | 65 | €87,309 | €67,393 | -€19,917 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €96,835 | €48,024 | -€48,811 | -50.4% |
| Income taxes | 67/77 | €37,128 | €23,523 | -€13,606 | -36.6% |
| Profit (loss) for the period | 9904 | €59,707 | €24,502 | -€35,205 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,707 | €24,502 | -€35,205 | -59.0% |
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.