Bubble Bar: 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.
Bubble Bar
Largest movements
- Receivables within one year +€352,142
up €352,142 (+417.6%), from €84,320 to €436,462
of which Trade receivables: +€195,946
- Tangible fixed assets -€39,578
down €39,578 (-8.4%), from €469,174 to €429,596
of which Other tangible fixed assets: -€24,380
- Current investments +€18,000
up €18,000 (+51.6%), from €34,881 to €52,881
- Cash +€17,242
up €17,242 (+40.4%), from €42,673 to €59,915
mainly Trade debts (+€143,985) and Debts after one year (+€124,221)
- Trade debts +€143,985
up €143,985 (+110.5%), from €130,328 to €274,312
- Debts after one year +€124,221
up €124,221 (+1380.2%), from €9,000 to €133,221
of which Other amounts payable: +€117,650
- Reserves +€52,196
up €52,196 (+12.3%), from €423,987 to €476,183
- Current portion of long-term debt +€25,126
new in 2024: €25,126
- Staff costs +€88,592
up €88,592 (+16.5%), from €537,141 to €625,733
- Taxes -€27,017
down €27,017 (-56.8%), from €47,524 to €20,508
- Gross operating margin -€23,051
down €23,051 (-2.7%), from €840,866 to €817,815
- Depreciation +€18,075
up €18,075 (+33.5%), from €53,930 to €72,005
- Financial charges +€15,063
up €15,063 (+90.9%), from €16,564 to €31,627
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 | €733,308 | €1,090,071 | +€356,763 | +48.7% |
| Fixed assets | 21/28 | €471,174 | €431,596 | -€39,578 | -8.4% |
| Tangible fixed assets | 22/27 | €469,174 | €429,596 | -€39,578 | -8.4% |
| Plant, machinery and equipment | 23 | €110,107 | €95,552 | -€14,555 | -13.2% |
| Furniture and vehicles | 24 | €3,860 | €3,217 | -€643 | -16.7% |
| Other tangible fixed assets | 26 | €355,207 | €330,827 | -€24,380 | -6.9% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €262,134 | €658,475 | +€396,341 | +151.2% |
| Stocks and contracts in progress | 3 | €92,000 | €102,000 | +€10,000 | +10.9% |
| Stocks | 30/36 | €92,000 | €102,000 | +€10,000 | +10.9% |
| Amounts receivable within one year | 40/41 | €84,320 | €436,462 | +€352,142 | +417.6% |
| Trade receivables | 40 | €10,646 | €206,592 | +€195,946 | +1840.5% |
| Other amounts receivable | 41 | €73,674 | €229,870 | +€156,196 | +212.0% |
| Current investments | 50/53 | €34,881 | €52,881 | +€18,000 | +51.6% |
| Cash at bank and in hand | 54/58 | €42,673 | €59,915 | +€17,242 | +40.4% |
| Deferred charges and accrued income | 490/1 | €8,260 | €7,217 | -€1,043 | -12.6% |
| Total equity and liabilities | 10/49 | €733,308 | €1,090,071 | +€356,763 | +48.7% |
| Equity | 10/15 | €442,587 | €494,783 | +€52,196 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €423,987 | €476,183 | +€52,196 | +12.3% |
| Distributable reserves | 133 | €423,987 | €476,183 | +€52,196 | +12.3% |
| Amounts payable | 17/49 | €290,721 | €595,288 | +€304,567 | +104.8% |
| Amounts payable after more than one year | 17 | €9,000 | €133,221 | +€124,221 | +1380.2% |
| Financial debts | 170/4 | - | €6,571 | +€6,571 | |
| Other amounts payable | 178/9 | €9,000 | €126,650 | +€117,650 | +1307.2% |
| Amounts payable within one year | 42/48 | €281,721 | €462,067 | +€180,346 | +64.0% |
| Current portion of amounts payable after more than one year | 42 | - | €25,126 | +€25,126 | |
| Financial debts | 43 | €3,000 | €5,106 | +€2,106 | +70.2% |
| Credit institutions | 430/8 | €3,000 | €5,106 | +€2,106 | +70.2% |
| Trade debts | 44 | €130,328 | €274,312 | +€143,985 | +110.5% |
| Suppliers | 440/4 | €130,328 | €274,312 | +€143,985 | +110.5% |
| Taxes, remuneration and social security | 45 | €148,393 | €157,522 | +€9,129 | +6.2% |
| Taxes | 450/3 | €81,037 | €87,307 | +€6,269 | +7.7% |
| Remuneration and social security | 454/9 | €67,356 | €70,215 | +€2,860 | +4.2% |
| Remuneration, social security and pensions | 62 | €537,141 | €625,733 | +€88,592 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,930 | €72,005 | +€18,075 | +33.5% |
| Other operating charges | 640/8 | €21,510 | €15,861 | -€5,649 | -26.3% |
| Gross operating margin | 9900 | €840,866 | €817,815 | -€23,051 | -2.7% |
| Operating profit (loss) | 9901 | €228,285 | €104,217 | -€124,068 | -54.3% |
| Financial income | 75/76B | €3,168 | €114 | -€3,054 | -96.4% |
| Recurring financial income | 75 | €3,168 | €114 | -€3,054 | -96.4% |
| Financial charges | 65/66B | €16,564 | €31,627 | +€15,063 | +90.9% |
| Recurring financial charges | 65 | €16,564 | €31,627 | +€15,063 | +90.9% |
| Profit (loss) for the period before taxes | 9903 | €214,889 | €72,704 | -€142,185 | -66.2% |
| Income taxes | 67/77 | €47,524 | €20,508 | -€27,017 | -56.8% |
| Profit (loss) for the period | 9904 | €167,364 | €52,196 | -€115,168 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €167,364 | €52,196 | -€115,168 | -68.8% |
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 8 October 2026 via checked.be.