COA: what changed
Two fiscal 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.
COA
Largest movements
- Current investments +€200,000
new in 2024: €200,000
- Cash -€62,102
down €62,102 (-41.0%), from €151,570 to €89,468
mainly Current investments (-€200,000) and Debts after one year (-€72,895)
- Tangible fixed assets -€50,671
down €50,671 (-8.2%), from €615,004 to €564,333
of which Land and buildings: -€32,069
- Reserves +€109,661
up €109,661 (+25.9%), from €423,958 to €533,620
of which Distributable reserves: +€109,661
- Debts after one year -€72,895
down €72,895 (-22.4%), from €324,795 to €251,900
- Tax, wage and social debts +€51,168
up €51,168 (+148.4%), from €34,471 to €85,639
- Other debts +€31,156
up €31,156 (+126.7%), from €24,585 to €55,742
- Current portion of long-term debt -€25,750
down €25,750 (-26.1%), from €98,645 to €72,895
- Financial income -€43,084
down €43,084 (-86.5%), from €49,801 to €6,717
- Gross operating margin +€13,484
up €13,484 (+5.4%), from €250,758 to €264,242
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.
Cash bridge derived
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 | €929,655 | €1,017,821 | +€88,166 | +9.5% |
| Fixed assets | 21/28 | €765,004 | €714,333 | -€50,671 | -6.6% |
| Tangible fixed assets | 22/27 | €615,004 | €564,333 | -€50,671 | -8.2% |
| Land and buildings | 22 | €556,665 | €524,597 | -€32,069 | -5.8% |
| Plant, machinery and equipment | 23 | €8,306 | €7,377 | -€929 | -11.2% |
| Furniture and vehicles | 24 | €50,033 | €32,359 | -€17,673 | -35.3% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €164,651 | €303,488 | +€138,837 | +84.3% |
| Amounts receivable within one year | 40/41 | €9,796 | €5,068 | -€4,728 | -48.3% |
| Trade receivables | 40 | €1,538 | €934 | -€604 | -39.3% |
| Other amounts receivable | 41 | €8,258 | €4,134 | -€4,124 | -49.9% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €151,570 | €89,468 | -€62,102 | -41.0% |
| Deferred charges and accrued income | 490/1 | €3,285 | €8,951 | +€5,666 | +172.5% |
| Total equity and liabilities | 10/49 | €929,655 | €1,017,821 | +€88,166 | +9.5% |
| Equity | 10/15 | €436,358 | €546,020 | +€109,661 | +25.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €423,958 | €533,620 | +€109,661 | +25.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €422,098 | €531,760 | +€109,661 | +26.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €493,297 | €471,801 | -€21,496 | -4.4% |
| Amounts payable after more than one year | 17 | €324,795 | €251,900 | -€72,895 | -22.4% |
| Financial debts | 170/4 | €324,795 | €251,900 | -€72,895 | -22.4% |
| Amounts payable within one year | 42/48 | €168,501 | €219,901 | +€51,399 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €98,645 | €72,895 | -€25,750 | -26.1% |
| Trade debts | 44 | €10,800 | €5,625 | -€5,175 | -47.9% |
| Suppliers | 440/4 | €10,800 | €5,625 | -€5,175 | -47.9% |
| Taxes, remuneration and social security | 45 | €34,471 | €85,639 | +€51,168 | +148.4% |
| Taxes | 450/3 | €34,471 | €85,639 | +€51,168 | +148.4% |
| Other amounts payable | 47/48 | €24,585 | €55,742 | +€31,156 | +126.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,868 | €57,647 | -€221 | -0.4% |
| Other operating charges | 640/8 | €2,392 | €2,440 | +€47 | +2.0% |
| Gross operating margin | 9900 | €250,758 | €264,242 | +€13,484 | +5.4% |
| Operating profit (loss) | 9901 | €190,498 | €204,155 | +€13,658 | +7.2% |
| Financial income | 75/76B | €49,801 | €6,717 | -€43,084 | -86.5% |
| Recurring financial income | 75 | €49,801 | €6,717 | -€43,084 | -86.5% |
| Financial charges | 65/66B | €13,164 | €11,755 | -€1,409 | -10.7% |
| Recurring financial charges | 65 | €13,164 | €11,755 | -€1,409 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €227,134 | €199,117 | -€28,017 | -12.3% |
| Income taxes | 67/77 | €58,503 | €59,245 | +€741 | +1.3% |
| Profit (loss) for the period | 9904 | €168,631 | €139,872 | -€28,758 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €168,631 | €139,872 | -€28,758 | -17.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.