C.S.I.D: what changed
C.S.I.D
Largest movements
- Tangible fixed assets +€141,533
up €141,533 (+171%), from €82,994 to €224,526
of which Leasing and similar rights: +€110,216
- Receivables within one year +€53,387
up €53,387 (+32.1%), from €166,361 to €219,748
of which Trade receivables: +€108,938
- Cash -€10,133
no longer reported in 2024 (was €10,133)
mainly Investment in fixed assets (net) (-€186,003) and Receivables within one year (-€53,387)
- Stocks and contracts -€6,820
down €6,820 (-45.4%), from €15,037 to €8,217
- Debts after one year +€119,235
up €119,235 (+1,584%), from €7,526 to €126,762
- Profit (loss) carried forward +€27,857
up €27,857 (+47.2%), from €58,959 to €86,816
- Short-term financial debts +€20,000
new in 2024: €20,000
- Tax, wage and social debts +€10,434
up €10,434 (+34.4%), from €30,323 to €40,757
of which Taxes: +€10,283
- Staff costs -€187,147
down €187,147 (-63.0%), from €296,947 to €109,800
- Gross operating margin -€150,067
down €150,067 (-42.5%), from €353,062 to €202,994
- Taxes +€11,169
up €11,169 (+582%), from €1,918 to €13,087
- Depreciation -€9,467
down €9,467 (-17.4%), from €54,438 to €44,970
- Financial income -€9,205
down €9,205 (-99.8%), from €9,224 to €19
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,058 | €455,909 | +€177,851 | +64.0% |
| Fixed assets | 21/28 | €85,169 | €226,201 | +€141,033 | +166% |
| Intangible fixed assets | 21 | €2,000 | €1,500 | -€500 | -25.0% |
| Tangible fixed assets | 22/27 | €82,994 | €224,526 | +€141,533 | +171% |
| Plant, machinery and equipment | 23 | €34,746 | €80,785 | +€46,038 | +132% |
| Furniture and vehicles | 24 | €34,024 | €19,302 | -€14,722 | -43.3% |
| Leasing and similar rights | 25 | €14,223 | €124,440 | +€110,216 | +775% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €192,889 | €229,708 | +€36,819 | +19.1% |
| Stocks and contracts in progress | 3 | €15,037 | €8,217 | -€6,820 | -45.4% |
| Stocks | 30/36 | €15,037 | €8,217 | -€6,820 | -45.4% |
| Amounts receivable within one year | 40/41 | €166,361 | €219,748 | +€53,387 | +32.1% |
| Trade receivables | 40 | €44,914 | €153,852 | +€108,938 | +243% |
| Other amounts receivable | 41 | €121,447 | €65,896 | -€55,551 | -45.7% |
| Cash at bank and in hand | 54/58 | €10,133 | - | -€10,133 | |
| Deferred charges and accrued income | 490/1 | €1,358 | €1,743 | +€385 | +28.4% |
| Total equity and liabilities | 10/49 | €278,058 | €455,909 | +€177,851 | +64.0% |
| Equity | 10/15 | €67,019 | €94,876 | +€27,857 | +41.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €58,959 | €86,816 | +€27,857 | +47.2% |
| Amounts payable | 17/49 | €211,039 | €361,033 | +€149,994 | +71.1% |
| Amounts payable after more than one year | 17 | €7,526 | €126,762 | +€119,235 | +1,584% |
| Financial debts | 170/4 | €7,526 | €126,762 | +€119,235 | +1,584% |
| Amounts payable within one year | 42/48 | €203,512 | €234,073 | +€30,561 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €30,802 | €31,514 | +€712 | +2.3% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €142,387 | €141,802 | -€585 | -0.4% |
| Suppliers | 440/4 | €142,387 | €141,802 | -€585 | -0.4% |
| Taxes, remuneration and social security | 45 | €30,323 | €40,757 | +€10,434 | +34.4% |
| Taxes | 450/3 | €5,414 | €15,696 | +€10,283 | +190% |
| Remuneration and social security | 454/9 | €24,910 | €25,061 | +€151 | +0.6% |
| Accrued charges and deferred income | 492/3 | - | €198 | +€198 | |
| Non-recurring operating income | 76A | - | €312 | +€312 | |
| Remuneration, social security and pensions | 62 | €296,947 | €109,800 | -€187,147 | -63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,438 | €44,970 | -€9,467 | -17.4% |
| Other operating charges | 640/8 | €1,395 | €1,359 | -€36 | -2.6% |
| Gross operating margin | 9900 | €353,062 | €202,994 | -€150,067 | -42.5% |
| Operating profit (loss) | 9901 | €281 | €46,865 | +€46,584 | +16,558% |
| Financial income | 75/76B | €9,224 | €19 | -€9,205 | -99.8% |
| Recurring financial income | 75 | €9,224 | €19 | -€9,205 | -99.8% |
| Financial charges | 65/66B | €3,442 | €5,941 | +€2,499 | +72.6% |
| Recurring financial charges | 65 | €3,442 | €5,941 | +€2,499 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | €6,064 | €40,944 | +€34,880 | +575% |
| Income taxes | 67/77 | €1,918 | €13,087 | +€11,169 | +582% |
| Profit (loss) for the period | 9904 | €4,146 | €27,857 | +€23,711 | +572% |
| Profit (loss) for the period to be appropriated | 9905 | €4,146 | €27,857 | +€23,711 | +572% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.