BURN OUT: 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.
BURN OUT
Largest movements
- Cash +€77,209
up €77,209 (+25.8%), from €298,785 to €375,994
mainly Net result for the year (+€83,201) and Tax, wage and social debts (+€28,826)
- Receivables within one year -€17,419
down €17,419 (-16.3%), from €107,003 to €89,584
- Reserves +€85,000
up €85,000 (+17.4%), from €488,860 to €573,860
of which Distributable reserves: +€85,000
- Other debts -€50,000
no longer reported in 2024 (was €50,000)
- Tax, wage and social debts +€28,826
up €28,826 (+495%), from €5,829 to €34,656
of which Taxes: +€30,896
- Taxes +€54,659
up €54,659 (+155%), from €35,350 to €90,010
- Gross operating margin +€49,379
up €49,379 (+33.8%), from €146,057 to €195,436
- Other operating charges +€2,347
up €2,347 (+221%), from €1,064 to €3,411
- Financial charges +€2,007
up €2,007 (+270%), from €742 to €2,749
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 | €582,715 | €643,944 | +€61,229 | +10.5% |
| Fixed assets | 21/28 | €9,179 | €9,823 | +€644 | +7.0% |
| Tangible fixed assets | 22/27 | €9,179 | €9,823 | +€644 | +7.0% |
| Plant, machinery and equipment | 23 | €582 | €414 | -€167 | -28.8% |
| Furniture and vehicles | 24 | €392 | €2,489 | +€2,097 | +535% |
| Other tangible fixed assets | 26 | €8,205 | €6,919 | -€1,286 | -15.7% |
| Current assets | 29/58 | €573,536 | €634,121 | +€60,585 | +10.6% |
| Amounts receivable within one year | 40/41 | €107,003 | €89,584 | -€17,419 | -16.3% |
| Other amounts receivable | 41 | €107,003 | €89,584 | -€17,419 | -16.3% |
| Current investments | 50/53 | €163,828 | €165,768 | +€1,940 | +1.2% |
| Cash at bank and in hand | 54/58 | €298,785 | €375,994 | +€77,209 | +25.8% |
| Deferred charges and accrued income | 490/1 | €3,920 | €2,776 | -€1,144 | -29.2% |
| Total equity and liabilities | 10/49 | €582,715 | €643,944 | +€61,229 | +10.5% |
| Equity | 10/15 | €511,718 | €594,919 | +€83,201 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €488,860 | €573,860 | +€85,000 | +17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €477,000 | €562,000 | +€85,000 | +17.8% |
| Profit (loss) carried forward | 14 | €4,258 | €2,459 | -€1,799 | -42.2% |
| Amounts payable | 17/49 | €70,997 | €49,024 | -€21,972 | -30.9% |
| Amounts payable within one year | 42/48 | €70,997 | €49,024 | -€21,972 | -30.9% |
| Financial debts | 43 | €12,755 | €12,785 | +€30 | +0.2% |
| Credit institutions | 430/8 | €12,755 | €12,785 | +€30 | +0.2% |
| Trade debts | 44 | €2,412 | €1,584 | -€829 | -34.3% |
| Suppliers | 440/4 | €2,412 | €1,584 | -€829 | -34.3% |
| Taxes, remuneration and social security | 45 | €5,829 | €34,656 | +€28,826 | +495% |
| Taxes | 450/3 | €1,799 | €32,695 | +€30,896 | +1,718% |
| Remuneration and social security | 454/9 | €4,030 | €1,960 | -€2,070 | -51.4% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Remuneration, social security and pensions | 62 | €19,261 | €20,711 | +€1,451 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,146 | €1,875 | -€271 | -12.6% |
| Other operating charges | 640/8 | €1,064 | €3,411 | +€2,347 | +221% |
| Gross operating margin | 9900 | €146,057 | €195,436 | +€49,379 | +33.8% |
| Operating profit (loss) | 9901 | €123,586 | €169,439 | +€45,852 | +37.1% |
| Financial income | 75/76B | €6,138 | €6,522 | +€384 | +6.2% |
| Recurring financial income | 75 | €6,138 | €6,522 | +€384 | +6.2% |
| Financial charges | 65/66B | €742 | €2,749 | +€2,007 | +270% |
| Recurring financial charges | 65 | €742 | €2,749 | +€2,007 | +270% |
| Profit (loss) for the period before taxes | 9903 | €128,982 | €173,211 | +€44,229 | +34.3% |
| Income taxes | 67/77 | €35,350 | €90,010 | +€54,659 | +155% |
| Profit (loss) for the period | 9904 | €93,632 | €83,201 | -€10,431 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,632 | €83,201 | -€10,431 | -11.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.