BS & S: 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.
BS & S
Largest movements
- Receivables within one year +€9,019
up €9,019 (+20.2%), from €44,624 to €53,643
of which Trade receivables: +€7,945
- Tangible fixed assets -€1,181
down €1,181 (-60.1%), from €1,965 to €784
- Cash -€956
down €956 (-2.9%), from €32,883 to €31,927
mainly Short-term financial debts (-€10,000) and Receivables within one year (-€9,019)
- Reserves +€12,132
up €12,132 (+73.3%), from €16,542 to €28,675
of which Distributable reserves: +€12,132
- Short-term financial debts -€10,000
no longer reported in 2024 (was €10,000)
- Other debts +€7,393
up €7,393 (+24.0%), from €30,794 to €38,187
- Trade debts -€3,506
down €3,506 (-51.2%), from €6,846 to €3,341
- Gross operating margin -€5,267
down €5,267 (-15.1%), from €34,888 to €29,621
- Taxes +€4,598
up €4,598 (+385.3%), from €1,193 to €5,791
- Financial charges +€2,428
up €2,428 (+114.9%), from €2,114 to €4,541
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 | €80,490 | €87,409 | +€6,919 | +8.6% |
| Fixed assets | 21/28 | €1,965 | €784 | -€1,181 | -60.1% |
| Tangible fixed assets | 22/27 | €1,965 | €784 | -€1,181 | -60.1% |
| Plant, machinery and equipment | 23 | €1,965 | €784 | -€1,181 | -60.1% |
| Current assets | 29/58 | €78,525 | €86,625 | +€8,100 | +10.3% |
| Amounts receivable within one year | 40/41 | €44,624 | €53,643 | +€9,019 | +20.2% |
| Trade receivables | 40 | €42,257 | €50,202 | +€7,945 | +18.8% |
| Other amounts receivable | 41 | €2,367 | €3,441 | +€1,074 | +45.4% |
| Cash at bank and in hand | 54/58 | €32,883 | €31,927 | -€956 | -2.9% |
| Deferred charges and accrued income | 490/1 | €1,018 | €1,054 | +€37 | +3.6% |
| Total equity and liabilities | 10/49 | €80,490 | €87,409 | +€6,919 | +8.6% |
| Equity | 10/15 | €28,942 | €41,075 | +€12,132 | +41.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €16,542 | €28,675 | +€12,132 | +73.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €6,187 | €18,320 | +€12,132 | +196.1% |
| Amounts payable | 17/49 | €51,548 | €46,334 | -€5,214 | -10.1% |
| Amounts payable within one year | 42/48 | €48,834 | €43,470 | -€5,364 | -11.0% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €6,846 | €3,341 | -€3,506 | -51.2% |
| Suppliers | 440/4 | €6,846 | €3,341 | -€3,506 | -51.2% |
| Taxes, remuneration and social security | 45 | €1,193 | €1,942 | +€749 | +62.7% |
| Taxes | 450/3 | €1,193 | €1,942 | +€749 | +62.7% |
| Other amounts payable | 47/48 | €30,794 | €38,187 | +€7,393 | +24.0% |
| Accrued charges and deferred income | 492/3 | €2,714 | €2,864 | +€150 | +5.5% |
| Non-recurring operating income | 76A | - | €741 | +€741 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,033 | €1,181 | +€149 | +14.4% |
| Other operating charges | 640/8 | €1,031 | €981 | -€50 | -4.8% |
| Gross operating margin | 9900 | €34,888 | €29,621 | -€5,267 | -15.1% |
| Operating profit (loss) | 9901 | €32,825 | €27,459 | -€5,366 | -16.3% |
| Financial income | 75/76B | €146 | €6 | -€140 | -95.6% |
| Recurring financial income | 75 | €146 | €6 | -€140 | -95.6% |
| Financial charges | 65/66B | €2,114 | €4,541 | +€2,428 | +114.9% |
| Recurring financial charges | 65 | €2,114 | €4,541 | +€2,428 | +114.9% |
| Profit (loss) for the period before taxes | 9903 | €30,857 | €22,924 | -€7,934 | -25.7% |
| Income taxes | 67/77 | €1,193 | €5,791 | +€4,598 | +385.3% |
| Profit (loss) for the period | 9904 | €29,664 | €17,132 | -€12,532 | -42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,664 | €17,132 | -€12,532 | -42.2% |
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 2 October 2026 via checked.be.