BUILDING CIRCULAR: 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.
BUILDING CIRCULAR
Largest movements
- Current investments +€30,000
up €30,000 (+25.0%), from €120,000 to €150,000
- Cash -€8,700
down €8,700 (-19.0%), from €45,722 to €37,022
mainly Other debts (-€48,860) and Current investments (-€30,000)
- Receivables within one year -€3,665
down €3,665 (-13.2%), from €27,720 to €24,055
of which Trade receivables: -€5,656
- Profit (loss) carried forward +€56,020
up €56,020 (+31.6%), from €177,494 to €233,513
- Other debts -€48,860
down €48,860 (-75.0%), from €65,140 to €16,281
- Tax, wage and social debts +€5,860
up €5,860 (+70.6%), from €8,297 to €14,157
- Trade debts +€4,150
new in 2024: €4,150
- Turnover -€9,652
down €9,652 (-8.6%), from €111,825 to €102,174
- Purchases and services -€9,155
down €9,155 (-23.1%), from €39,574 to €30,419
- Taxes -€8,118
down €8,118 (-818.7%), from -€992 to -€9,110
- Financial income +€6,087
up €6,087 (+55239.6%), from €11 to €6,098
of which Financial income: +€4,287
- Gross operating margin -€1,968
down €1,968 (-2.7%), from €73,722 to €71,754
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 | €274,599 | €291,769 | +€17,170 | +6.3% |
| Fixed assets | 21/28 | €81,157 | €80,692 | -€465 | -0.6% |
| Tangible fixed assets | 22/27 | €1,157 | €692 | -€465 | -40.2% |
| Plant, machinery and equipment | 23 | €5 | €5 | = | 0.0% |
| Furniture and vehicles | 24 | €1,152 | €687 | -€465 | -40.4% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €193,442 | €211,077 | +€17,635 | +9.1% |
| Amounts receivable within one year | 40/41 | €27,720 | €24,055 | -€3,665 | -13.2% |
| Trade receivables | 40 | €8,393 | €2,738 | -€5,656 | -67.4% |
| Other amounts receivable | 41 | €19,326 | €21,317 | +€1,991 | +10.3% |
| Current investments | 50/53 | €120,000 | €150,000 | +€30,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €45,722 | €37,022 | -€8,700 | -19.0% |
| Total equity and liabilities | 10/49 | €274,599 | €291,769 | +€17,170 | +6.3% |
| Equity | 10/15 | €201,143 | €257,163 | +€56,020 | +27.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,650 | €3,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,650 | €3,650 | = | 0.0% |
| Legal reserve | 130 | €3,650 | €3,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,494 | €233,513 | +€56,020 | +31.6% |
| Amounts payable | 17/49 | €73,456 | €34,606 | -€38,850 | -52.9% |
| Amounts payable within one year | 42/48 | €73,437 | €34,587 | -€38,850 | -52.9% |
| Trade debts | 44 | - | €4,150 | +€4,150 | |
| Suppliers | 440/4 | - | €4,150 | +€4,150 | |
| Taxes, remuneration and social security | 45 | €8,297 | €14,157 | +€5,860 | +70.6% |
| Taxes | 450/3 | €8,297 | €14,157 | +€5,860 | +70.6% |
| Other amounts payable | 47/48 | €65,140 | €16,281 | -€48,860 | -75.0% |
| Accrued charges and deferred income | 492/3 | €19 | €19 | = | 0.0% |
| Turnover | 70 | €111,825 | €102,174 | -€9,652 | -8.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €39,574 | €30,419 | -€9,155 | -23.1% |
| Remuneration, social security and pensions | 62 | €1,472 | - | -€1,472 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €832 | €465 | -€367 | -44.1% |
| Other operating charges | 640/8 | €225 | €400 | +€175 | +77.8% |
| Gross operating margin | 9900 | €73,722 | €71,754 | -€1,968 | -2.7% |
| Operating profit (loss) | 9901 | €71,194 | €70,889 | -€305 | -0.4% |
| Financial income | 75/76B | €11 | €6,098 | +€6,087 | +55239.6% |
| Recurring financial income | 75 | €11 | €4,298 | +€4,287 | +38905.6% |
| Non-recurring financial income | 76B | €11 | €1,800 | +€1,789 | +16233.9% |
| Financial charges | 65/66B | - | €78 | +€78 | |
| Recurring financial charges | 65 | - | €78 | +€78 | |
| Non-recurring financial charges | 66B | - | €78 | +€78 | |
| Profit (loss) for the period before taxes | 9903 | €71,205 | €76,910 | +€5,705 | +8.0% |
| Income taxes | 67/77 | -€992 | -€9,110 | -€8,118 | -818.7% |
| Profit (loss) for the period | 9904 | €72,196 | €86,020 | +€13,823 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,196 | €86,020 | +€13,823 | +19.1% |
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 5 October 2026 via checked.be.