CHOISIFIN: 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.
CHOISIFIN
Largest movements
- Tangible fixed assets -€29,284
down €29,284 (-11.0%), from €266,023 to €236,739
of which Furniture and vehicles: -€21,140
- Cash +€20,103
up €20,103 (+24.5%), from €82,024 to €102,128
mainly Net result for the year (+€31,948) and Depreciation (+€25,644)
- Receivables within one year +€5,508
up €5,508 (+107%), from €5,154 to €10,662
of which Other amounts receivable: +€7,431
- Debts after one year -€32,491
down €32,491 (-42.7%), from €76,048 to €43,558
- Reserves +€31,948
up €31,948 (+15.9%), from €200,620 to €232,568
of which Distributable reserves: +€33,808
- Staff costs +€3,630
up €3,630 (+8.8%), from €41,022 to €44,652
- Taxes -€3,104
down €3,104 (-22.6%), from €13,753 to €10,649
- Gross operating margin +€2,413
up €2,413 (+2.0%), from €120,874 to €123,287
- Financial charges -€1,347
down €1,347 (-17.6%), from €7,651 to €6,304
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 | €373,297 | €369,088 | -€4,209 | -1.1% |
| Fixed assets | 21/28 | €266,563 | €237,279 | -€29,284 | -11.0% |
| Tangible fixed assets | 22/27 | €266,023 | €236,739 | -€29,284 | -11.0% |
| Land and buildings | 22 | €218,931 | €212,591 | -€6,340 | -2.9% |
| Plant, machinery and equipment | 23 | €2,843 | €1,038 | -€1,805 | -63.5% |
| Furniture and vehicles | 24 | €44,249 | €23,110 | -€21,140 | -47.8% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €106,734 | €131,809 | +€25,075 | +23.5% |
| Stocks and contracts in progress | 3 | €17,083 | €15,550 | -€1,533 | -9.0% |
| Stocks | 30/36 | €17,083 | €15,550 | -€1,533 | -9.0% |
| Amounts receivable within one year | 40/41 | €5,154 | €10,662 | +€5,508 | +107% |
| Trade receivables | 40 | €2,325 | €401 | -€1,923 | -82.7% |
| Other amounts receivable | 41 | €2,829 | €10,260 | +€7,431 | +263% |
| Cash at bank and in hand | 54/58 | €82,024 | €102,128 | +€20,103 | +24.5% |
| Deferred charges and accrued income | 490/1 | €2,473 | €3,470 | +€996 | +40.3% |
| Total equity and liabilities | 10/49 | €373,297 | €369,088 | -€4,209 | -1.1% |
| Equity | 10/15 | €219,220 | €251,168 | +€31,948 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200,620 | €232,568 | +€31,948 | +15.9% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €198,760 | €232,568 | +€33,808 | +17.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €154,077 | €117,920 | -€36,157 | -23.5% |
| Amounts payable after more than one year | 17 | €76,048 | €43,558 | -€32,491 | -42.7% |
| Financial debts | 170/4 | €76,048 | €43,558 | -€32,491 | -42.7% |
| Amounts payable within one year | 42/48 | €77,636 | €74,362 | -€3,273 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €31,276 | €32,494 | +€1,218 | +3.9% |
| Trade debts | 44 | €8,442 | €5,922 | -€2,520 | -29.9% |
| Suppliers | 440/4 | €8,442 | €5,922 | -€2,520 | -29.9% |
| Taxes, remuneration and social security | 45 | €2,881 | €733 | -€2,148 | -74.6% |
| Taxes | 450/3 | €64 | €0 | -€64 | -100% |
| Remuneration and social security | 454/9 | €2,817 | €733 | -€2,084 | -74.0% |
| Other amounts payable | 47/48 | €35,037 | €35,214 | +€177 | +0.5% |
| Accrued charges and deferred income | 492/3 | €393 | €0 | -€393 | -100% |
| Non-recurring operating income | 76A | - | €9,860 | +€9,860 | |
| Remuneration, social security and pensions | 62 | €41,022 | €44,652 | +€3,630 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,334 | €25,644 | -€690 | -2.6% |
| Other operating charges | 640/8 | €3,517 | €4,134 | +€617 | +17.6% |
| Gross operating margin | 9900 | €120,874 | €123,287 | +€2,413 | +2.0% |
| Operating profit (loss) | 9901 | €50,001 | €48,857 | -€1,145 | -2.3% |
| Financial income | 75/76B | €137 | €44 | -€93 | -67.6% |
| Recurring financial income | 75 | €137 | €44 | -€93 | -67.6% |
| Financial charges | 65/66B | €7,651 | €6,304 | -€1,347 | -17.6% |
| Recurring financial charges | 65 | €7,651 | €6,304 | -€1,347 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €42,488 | €42,597 | +€110 | +0.3% |
| Income taxes | 67/77 | €13,753 | €10,649 | -€3,104 | -22.6% |
| Profit (loss) for the period | 9904 | €28,735 | €31,948 | +€3,213 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,735 | €31,948 | +€3,213 | +11.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.