BUSINESS EXPRESS: 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.
BUSINESS EXPRESS
Largest movements
- Receivables within one year +€110,478
up €110,478 (+42.5%), from €259,841 to €370,319
of which Other amounts receivable: +€59,434
- Cash -€77,803
down €77,803 (-67.7%), from €114,986 to €37,183
mainly Receivables within one year (-€110,478) and Investment in fixed assets (net) (-€35,000)
- Financial fixed assets +€32,500
up €32,500 (+2,017%), from €1,611 to €34,111
- Tangible fixed assets -€4,664
down €4,664 (-18.0%), from €25,925 to €21,261
of which Furniture and vehicles: -€6,272
- Trade debts +€52,870
up €52,870 (+235%), from €22,511 to €75,381
- Profit (loss) carried forward +€21,308
up €21,308 (+10.8%), from €196,933 to €218,241
- Tax, wage and social debts -€16,027
down €16,027 (-35.6%), from €45,056 to €29,028
of which Taxes: -€10,199
- Gross operating margin -€37,180
down €37,180 (-28.3%), from €131,541 to €94,361
- Staff costs -€19,062
down €19,062 (-44.5%), from €42,789 to €23,727
- Taxes -€13,436
down €13,436 (-62.8%), from €21,402 to €7,966
- Write-downs +€1,848
new in 2024: €1,848
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 | €406,848 | €464,798 | +€57,949 | +14.2% |
| Fixed assets | 21/28 | €29,460 | €57,296 | +€27,836 | +94.5% |
| Intangible fixed assets | 21 | €1,923 | €1,923 | = | 0.0% |
| Tangible fixed assets | 22/27 | €25,925 | €21,261 | -€4,664 | -18.0% |
| Plant, machinery and equipment | 23 | €3,786 | €5,394 | +€1,608 | +42.5% |
| Furniture and vehicles | 24 | €22,139 | €15,868 | -€6,272 | -28.3% |
| Financial fixed assets | 28 | €1,611 | €34,111 | +€32,500 | +2,017% |
| Current assets | 29/58 | €377,389 | €407,502 | +€30,113 | +8.0% |
| Amounts receivable within one year | 40/41 | €259,841 | €370,319 | +€110,478 | +42.5% |
| Trade receivables | 40 | €57,374 | €108,418 | +€51,044 | +89.0% |
| Other amounts receivable | 41 | €202,467 | €261,901 | +€59,434 | +29.4% |
| Cash at bank and in hand | 54/58 | €114,986 | €37,183 | -€77,803 | -67.7% |
| Deferred charges and accrued income | 490/1 | €2,561 | - | -€2,561 | |
| Total equity and liabilities | 10/49 | €406,848 | €464,798 | +€57,949 | +14.2% |
| Equity | 10/15 | €309,075 | €330,383 | +€21,308 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,542 | €93,542 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,400 | €3,400 | = | 0.0% |
| Distributable reserves | 133 | €88,282 | €88,282 | = | 0.0% |
| Profit (loss) carried forward | 14 | €196,933 | €218,241 | +€21,308 | +10.8% |
| Amounts payable | 17/49 | €97,773 | €134,415 | +€36,641 | +37.5% |
| Amounts payable within one year | 42/48 | €97,773 | €134,415 | +€36,641 | +37.5% |
| Trade debts | 44 | €22,511 | €75,381 | +€52,870 | +235% |
| Suppliers | 440/4 | €22,511 | €75,381 | +€52,870 | +235% |
| Taxes, remuneration and social security | 45 | €45,056 | €29,028 | -€16,027 | -35.6% |
| Taxes | 450/3 | €39,228 | €29,028 | -€10,199 | -26.0% |
| Remuneration and social security | 454/9 | €5,828 | - | -€5,828 | |
| Other amounts payable | 47/48 | €30,206 | €30,005 | -€201 | -0.7% |
| Remuneration, social security and pensions | 62 | €42,789 | €23,727 | -€19,062 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,622 | €7,164 | -€458 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,848 | +€1,848 | |
| Other operating charges | 640/8 | €1,605 | €1,292 | -€312 | -19.5% |
| Gross operating margin | 9900 | €131,541 | €94,361 | -€37,180 | -28.3% |
| Operating profit (loss) | 9901 | €79,525 | €60,330 | -€19,195 | -24.1% |
| Financial income | 75/76B | €2 | €24 | +€22 | +1,013% |
| Recurring financial income | 75 | €2 | €24 | +€22 | +1,013% |
| Financial charges | 65/66B | €1,985 | €1,081 | -€904 | -45.5% |
| Recurring financial charges | 65 | €1,985 | €1,081 | -€904 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €77,543 | €59,274 | -€18,269 | -23.6% |
| Income taxes | 67/77 | €21,402 | €7,966 | -€13,436 | -62.8% |
| Profit (loss) for the period | 9904 | €56,141 | €51,308 | -€4,833 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,141 | €51,308 | -€4,833 | -8.6% |
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 26 October 2026 via checked.be.