COMMENTAG: 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.
COMMENTAG
Largest movements
- Receivables within one year -€21,012
down €21,012 (-47.3%), from €44,387 to €23,375
of which Other amounts receivable: -€12,306
- Debts after one year -€31,400
down €31,400 (-19.8%), from €158,739 to €127,339
- Reserves +€30,500
up €30,500 (+9.4%), from €324,687 to €355,187
- Tax, wage and social debts -€26,120
down €26,120 (-43.5%), from €60,071 to €33,952
of which Taxes: -€26,266
- Gross operating margin -€36,922
down €36,922 (-22.3%), from €165,748 to €128,826
- Taxes -€15,291
down €15,291 (-45.4%), from €33,646 to €18,355
- Financial income -€10,585
down €10,585 (-85.5%), from €12,376 to €1,791
- Other operating charges -€2,724
down €2,724 (-34.7%), from €7,854 to €5,129
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 | €1,897,331 | €1,855,826 | -€41,505 | -2.2% |
| Fixed assets | 21/28 | €1,842,046 | €1,824,833 | -€17,214 | -0.9% |
| Tangible fixed assets | 22/27 | €387,213 | €369,999 | -€17,214 | -4.4% |
| Land and buildings | 22 | €381,296 | €366,302 | -€14,994 | -3.9% |
| Furniture and vehicles | 24 | €5,917 | €3,698 | -€2,219 | -37.5% |
| Financial fixed assets | 28 | €1,454,833 | €1,454,833 | = | 0.0% |
| Current assets | 29/58 | €55,285 | €30,993 | -€24,292 | -43.9% |
| Amounts receivable within one year | 40/41 | €44,387 | €23,375 | -€21,012 | -47.3% |
| Trade receivables | 40 | €8,706 | - | -€8,706 | |
| Other amounts receivable | 41 | €35,681 | €23,375 | -€12,306 | -34.5% |
| Cash at bank and in hand | 54/58 | €7,554 | €6,915 | -€639 | -8.5% |
| Deferred charges and accrued income | 490/1 | €3,345 | €703 | -€2,641 | -79.0% |
| Total equity and liabilities | 10/49 | €1,897,331 | €1,855,826 | -€41,505 | -2.2% |
| Equity | 10/15 | €506,372 | €537,171 | +€30,799 | +6.1% |
| Contributions | 10/11 | €170,200 | €170,200 | = | 0.0% |
| Reserves | 13 | €324,687 | €355,187 | +€30,500 | +9.4% |
| Distributable reserves | 133 | €324,687 | €355,187 | +€30,500 | +9.4% |
| Profit (loss) carried forward | 14 | €11,485 | €11,784 | +€299 | +2.6% |
| Amounts payable | 17/49 | €1,390,959 | €1,318,655 | -€72,304 | -5.2% |
| Amounts payable after more than one year | 17 | €158,739 | €127,339 | -€31,400 | -19.8% |
| Financial debts | 170/4 | €158,739 | €127,339 | -€31,400 | -19.8% |
| Amounts payable within one year | 42/48 | €1,232,200 | €1,190,866 | -€41,334 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €30,389 | €31,400 | +€1,011 | +3.3% |
| Trade debts | 44 | €41,740 | €25,616 | -€16,124 | -38.6% |
| Suppliers | 440/4 | €41,740 | €25,616 | -€16,124 | -38.6% |
| Taxes, remuneration and social security | 45 | €60,071 | €33,952 | -€26,120 | -43.5% |
| Taxes | 450/3 | €51,166 | €24,900 | -€26,266 | -51.3% |
| Remuneration and social security | 454/9 | €8,906 | €9,052 | +€146 | +1.6% |
| Other amounts payable | 47/48 | €1,100,000 | €1,099,899 | -€101 | 0.0% |
| Accrued charges and deferred income | 492/3 | €20 | €450 | +€429 | +2106.7% |
| Remuneration, social security and pensions | 62 | €51,296 | €52,162 | +€867 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,736 | €17,214 | +€1,478 | +9.4% |
| Other operating charges | 640/8 | €7,854 | €5,129 | -€2,724 | -34.7% |
| Gross operating margin | 9900 | €165,748 | €128,826 | -€36,922 | -22.3% |
| Operating profit (loss) | 9901 | €90,862 | €54,321 | -€36,542 | -40.2% |
| Financial income | 75/76B | €12,376 | €1,791 | -€10,585 | -85.5% |
| Recurring financial income | 75 | €12,376 | €1,791 | -€10,585 | -85.5% |
| Financial charges | 65/66B | €8,085 | €6,957 | -€1,128 | -13.9% |
| Recurring financial charges | 65 | €8,085 | €6,957 | -€1,128 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €95,153 | €49,154 | -€45,999 | -48.3% |
| Income taxes | 67/77 | €33,646 | €18,355 | -€15,291 | -45.4% |
| Profit (loss) for the period | 9904 | €61,507 | €30,799 | -€30,708 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,507 | €30,799 | -€30,708 | -49.9% |
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 10 October 2026 via checked.be.