BRITISH: 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.
BRITISH
Largest movements
- Cash -€442,329
down €442,329 (-76.9%), from €575,063 to €132,734
mainly Other debts (-€471,009) and Investment in fixed assets (net) (-€106,717)
- Tangible fixed assets -€133,987
down €133,987 (-5.8%), from €2.3m to €2.2m
of which Plant, machinery and equipment: -€79,736
- Other debts -€471,009
down €471,009 (-19.7%), from €2.4m to €1.9m
- Reserves -€41,707
down €41,707 (-12.4%), from €335,588 to €293,881
- Debts after one year -€40,699
down €40,699 (-14.7%), from €276,171 to €235,472
- Profit (loss) carried forward +€38,687
up €38,687 (+2.6%), from -€1.5m to -€1.5m
- Gross operating margin -€69,963
down €69,963 (-16.8%), from €416,411 to €346,448
- Depreciation -€36,638
down €36,638 (-13.2%), from €277,341 to €240,704
- Staff costs -€19,353
down €19,353 (-22.4%), from €86,540 to €67,187
- Other operating charges +€7,348
up €7,348 (+16.2%), from €45,377 to €52,725
- Financial income +€4,751
up €4,751 (+51.3%), from €9,268 to €14,019
of which Financial income: +€6,406
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 | €2,961,333 | €2,400,673 | -€560,661 | -18.9% |
| Fixed assets | 21/28 | €2,291,243 | €2,157,255 | -€133,987 | -5.8% |
| Tangible fixed assets | 22/27 | €2,291,243 | €2,157,255 | -€133,987 | -5.8% |
| Land and buildings | 22 | €1,802,640 | €1,755,146 | -€47,494 | -2.6% |
| Plant, machinery and equipment | 23 | €412,588 | €332,852 | -€79,736 | -19.3% |
| Furniture and vehicles | 24 | €75,785 | €69,086 | -€6,699 | -8.8% |
| Other tangible fixed assets | 26 | €230 | €172 | -€57 | -25.0% |
| Current assets | 29/58 | €670,091 | €243,417 | -€426,674 | -63.7% |
| Stocks and contracts in progress | 3 | - | €1,186 | +€1,186 | |
| Stocks | 30/36 | - | €1,186 | +€1,186 | |
| Amounts receivable within one year | 40/41 | €94,486 | €95,558 | +€1,073 | +1.1% |
| Trade receivables | 40 | €2,028 | €1,502 | -€526 | -26.0% |
| Other amounts receivable | 41 | €92,458 | €94,057 | +€1,599 | +1.7% |
| Cash at bank and in hand | 54/58 | €575,063 | €132,734 | -€442,329 | -76.9% |
| Deferred charges and accrued income | 490/1 | €542 | €13,939 | +€13,397 | +2,472% |
| Total equity and liabilities | 10/49 | €2,961,333 | €2,400,673 | -€560,661 | -18.9% |
| Equity | 10/15 | €36,904 | €33,884 | -€3,020 | -8.2% |
| Contributions | 10/11 | €268,207 | €268,207 | = | 0.0% |
| Contributions outside capital | 11 | €268,207 | €268,207 | = | 0.0% |
| Other | 1109/19 | €268,207 | €268,207 | = | 0.0% |
| Revaluation surpluses | 12 | €922,236 | €922,236 | = | 0.0% |
| Reserves | 13 | €335,588 | €293,881 | -€41,707 | -12.4% |
| Tax-exempt reserves | 132 | €335,588 | €293,881 | -€41,707 | -12.4% |
| Profit (loss) carried forward | 14 | -€1,489,127 | -€1,450,440 | +€38,687 | +2.6% |
| Provisions and deferred taxes | 16 | €168,503 | €147,027 | -€21,476 | -12.7% |
| Deferred taxes | 168 | €168,503 | €147,027 | -€21,476 | -12.7% |
| Amounts payable | 17/49 | €2,755,926 | €2,219,762 | -€536,164 | -19.5% |
| Amounts payable after more than one year | 17 | €276,171 | €235,472 | -€40,699 | -14.7% |
| Financial debts | 170/4 | €276,171 | €235,472 | -€40,699 | -14.7% |
| Amounts payable within one year | 42/48 | €2,479,755 | €1,980,362 | -€499,394 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €44,863 | €40,699 | -€4,164 | -9.3% |
| Trade debts | 44 | €25,880 | €11,954 | -€13,926 | -53.8% |
| Suppliers | 440/4 | €25,880 | €11,954 | -€13,926 | -53.8% |
| Taxes, remuneration and social security | 45 | €12,935 | €2,641 | -€10,294 | -79.6% |
| Taxes | 450/3 | €3,675 | €2,349 | -€1,326 | -36.1% |
| Remuneration and social security | 454/9 | €9,260 | €292 | -€8,968 | -96.8% |
| Other amounts payable | 47/48 | €2,396,077 | €1,925,068 | -€471,009 | -19.7% |
| Accrued charges and deferred income | 492/3 | - | €3,928 | +€3,928 | |
| Non-recurring operating income | 76A | €140,639 | €15,113 | -€125,526 | -89.3% |
| Remuneration, social security and pensions | 62 | €86,540 | €67,187 | -€19,353 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277,341 | €240,704 | -€36,638 | -13.2% |
| Other operating charges | 640/8 | €45,377 | €52,725 | +€7,348 | +16.2% |
| Gross operating margin | 9900 | €416,411 | €346,448 | -€69,963 | -16.8% |
| Operating profit (loss) | 9901 | €7,153 | -€14,168 | -€21,320 | |
| Financial income | 75/76B | €9,268 | €14,019 | +€4,751 | +51.3% |
| Recurring financial income | 75 | €6,614 | €13,020 | +€6,406 | +96.9% |
| Non-recurring financial income | 76B | €2,654 | €998 | -€1,656 | -62.4% |
| Financial charges | 65/66B | €22,952 | €23,952 | +€1,001 | +4.4% |
| Recurring financial charges | 65 | €22,952 | €23,770 | +€819 | +3.6% |
| Non-recurring financial charges | 66B | - | €182 | +€182 | |
| Profit (loss) for the period before taxes | 9903 | -€6,531 | -€24,101 | -€17,570 | -269% |
| Transfer from deferred taxes | 780 | €26,475 | €21,476 | -€4,999 | -18.9% |
| Income taxes | 67/77 | €360 | €395 | +€35 | +9.8% |
| Profit (loss) for the period | 9904 | €19,584 | -€3,020 | -€22,604 | |
| Transfer from tax-exempt reserves | 789 | €51,416 | €41,707 | -€9,708 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,000 | €38,687 | -€32,313 | -45.5% |
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 20 October 2026 via checked.be.