BUSINESS SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables within one year +€310,792
up €310,792 (+200%), from €155,296 to €466,088
of which Trade receivables: +€295,169
- Tangible fixed assets +€16,171
up €16,171 (+29.3%), from €55,170 to €71,341
of which Furniture and vehicles: +€15,545
- Cash -€9,920
down €9,920 (-17.1%), from €58,062 to €48,143
mainly Receivables within one year (-€310,792) and Investment in fixed assets (net) (-€40,395)
- Trade debts +€296,900
up €296,900 (+353%), from €83,994 to €380,893
- Advances received +€66,577
new in 2024: €66,577
- Debts after one year -€20,000
down €20,000 (-69.0%), from €28,975 to €8,975
- Profit (loss) carried forward -€13,713
down €13,713 (-38.2%), from €35,937 to €22,224
- Tax, wage and social debts -€10,320
down €10,320 (-8.0%), from €129,365 to €119,045
of which Taxes: -€9,162
- Turnover +€373,271
up €373,271 (+48.1%), from €776,517 to €1.1m
- Purchases and services +€316,229
up €316,229 (+69.1%), from €457,636 to €773,865
- Staff costs +€98,528
up €98,528 (+38.9%), from €252,999 to €351,528
- Gross operating margin +€57,042
up €57,042 (+17.9%), from €318,881 to €375,923
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 | €296,528 | €615,972 | +€319,443 | +108% |
| Fixed assets | 21/28 | €81,370 | €101,741 | +€20,371 | +25.0% |
| Tangible fixed assets | 22/27 | €55,170 | €71,341 | +€16,171 | +29.3% |
| Plant, machinery and equipment | 23 | €1,575 | €2,201 | +€626 | +39.8% |
| Furniture and vehicles | 24 | €53,595 | €69,140 | +€15,545 | +29.0% |
| Financial fixed assets | 28 | €26,200 | €30,400 | +€4,200 | +16.0% |
| Current assets | 29/58 | €215,159 | €514,231 | +€299,072 | +139% |
| Amounts receivable within one year | 40/41 | €155,296 | €466,088 | +€310,792 | +200% |
| Trade receivables | 40 | €139,289 | €434,458 | +€295,169 | +212% |
| Other amounts receivable | 41 | €16,007 | €31,630 | +€15,623 | +97.6% |
| Cash at bank and in hand | 54/58 | €58,062 | €48,143 | -€9,920 | -17.1% |
| Deferred charges and accrued income | 490/1 | €1,801 | - | -€1,801 | |
| Total equity and liabilities | 10/49 | €296,528 | €615,972 | +€319,443 | +108% |
| Equity | 10/15 | €54,195 | €40,482 | -€13,713 | -25.3% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Contributions outside capital | 11 | €18,000 | €18,000 | = | 0.0% |
| Other | 1109/19 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €257 | €257 | = | 0.0% |
| Non-distributable reserves | 130/1 | €257 | €257 | = | 0.0% |
| Reserves not available under the articles | 1311 | €257 | €257 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,937 | €22,224 | -€13,713 | -38.2% |
| Amounts payable | 17/49 | €242,334 | €575,490 | +€333,157 | +137% |
| Amounts payable after more than one year | 17 | €28,975 | €8,975 | -€20,000 | -69.0% |
| Other amounts payable | 178/9 | €28,975 | €8,975 | -€20,000 | -69.0% |
| Amounts payable within one year | 42/48 | €213,359 | €566,516 | +€353,157 | +166% |
| Trade debts | 44 | €83,994 | €380,893 | +€296,900 | +353% |
| Suppliers | 440/4 | €83,994 | €380,893 | +€296,900 | +353% |
| Advances received on contracts in progress | 46 | - | €66,577 | +€66,577 | |
| Taxes, remuneration and social security | 45 | €129,365 | €119,045 | -€10,320 | -8.0% |
| Taxes | 450/3 | €83,957 | €74,795 | -€9,162 | -10.9% |
| Remuneration and social security | 454/9 | €45,409 | €44,250 | -€1,158 | -2.6% |
| Turnover | 70 | €776,517 | €1,149,788 | +€373,271 | +48.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €457,636 | €773,865 | +€316,229 | +69.1% |
| Remuneration, social security and pensions | 62 | €252,999 | €351,528 | +€98,528 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,818 | €20,023 | +€4,206 | +26.6% |
| Other operating charges | 640/8 | €3,812 | €4,509 | +€697 | +18.3% |
| Gross operating margin | 9900 | €318,881 | €375,923 | +€57,042 | +17.9% |
| Operating profit (loss) | 9901 | €46,252 | -€137 | -€46,389 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,157 | €2,159 | -€4,998 | -69.8% |
| Recurring financial charges | 65 | €692 | €705 | +€14 | +2.0% |
| Non-recurring financial charges | 66B | €6,465 | €1,453 | -€5,012 | -77.5% |
| Profit (loss) for the period before taxes | 9903 | €39,095 | -€2,296 | -€41,391 | |
| Income taxes | 67/77 | - | €11,418 | +€11,418 | |
| Profit (loss) for the period | 9904 | €39,095 | -€13,714 | -€52,809 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,095 | -€13,714 | -€52,809 |
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 22 October 2026 via checked.be.