CONCEPT 78: 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.
CONCEPT 78
Largest movements
- Tangible fixed assets -€75,727
down €75,727 (-14.7%), from €516,262 to €440,535
of which Other tangible fixed assets: -€52,374
- Cash -€19,368
down €19,368 (-20.9%), from €92,763 to €73,395
mainly Debts after one year (-€79,337) and Investment in fixed assets (net) (-€26,850)
- Debts after one year -€79,337
down €79,337 (-40.8%), from €194,638 to €115,301
- Trade debts +€24,451
up €24,451 (+29.4%), from €83,092 to €107,543
- Other debts -€14,486
down €14,486 (-6.3%), from €229,539 to €215,053
- Tax, wage and social debts -€10,729
down €10,729 (-16.6%), from €64,823 to €54,093
of which Remuneration and social security: -€11,326
- Current portion of long-term debt -€7,570
down €7,570 (-10.7%), from €70,428 to €62,857
- Gross operating margin -€142,720
down €142,720 (-20.5%), from €697,891 to €555,171
- Staff costs -€108,223
down €108,223 (-20.7%), from €521,596 to €413,373
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 | €700,581 | €613,739 | -€86,842 | -12.4% |
| Fixed assets | 21/28 | €516,262 | €440,535 | -€75,727 | -14.7% |
| Tangible fixed assets | 22/27 | €516,262 | €440,535 | -€75,727 | -14.7% |
| Land and buildings | 22 | €12,642 | €12,642 | = | 0.0% |
| Plant, machinery and equipment | 23 | €72,462 | €64,861 | -€7,602 | -10.5% |
| Furniture and vehicles | 24 | €78,687 | €68,243 | -€10,445 | -13.3% |
| Leasing and similar rights | 25 | €13,980 | €8,673 | -€5,307 | -38.0% |
| Other tangible fixed assets | 26 | €338,492 | €286,118 | -€52,374 | -15.5% |
| Current assets | 29/58 | €184,318 | €173,204 | -€11,115 | -6.0% |
| Stocks and contracts in progress | 3 | €46,201 | €47,854 | +€1,653 | +3.6% |
| Stocks | 30/36 | €46,201 | €47,854 | +€1,653 | +3.6% |
| Amounts receivable within one year | 40/41 | €35,238 | €41,969 | +€6,731 | +19.1% |
| Trade receivables | 40 | €18,289 | €25,565 | +€7,276 | +39.8% |
| Other amounts receivable | 41 | €16,949 | €16,404 | -€545 | -3.2% |
| Cash at bank and in hand | 54/58 | €92,763 | €73,395 | -€19,368 | -20.9% |
| Deferred charges and accrued income | 490/1 | €10,117 | €9,986 | -€131 | -1.3% |
| Total equity and liabilities | 10/49 | €700,581 | €613,739 | -€86,842 | -12.4% |
| Equity | 10/15 | €52,083 | €52,664 | +€582 | +1.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,083 | €2,664 | +€582 | +27.9% |
| Distributable reserves | 133 | €2,083 | €2,664 | +€582 | +27.9% |
| Amounts payable | 17/49 | €648,498 | €561,075 | -€87,424 | -13.5% |
| Amounts payable after more than one year | 17 | €194,638 | €115,301 | -€79,337 | -40.8% |
| Financial debts | 170/4 | €194,638 | €115,301 | -€79,337 | -40.8% |
| Amounts payable within one year | 42/48 | €447,881 | €443,452 | -€4,429 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €70,428 | €62,857 | -€7,570 | -10.7% |
| Financial debts | 43 | - | €3,906 | +€3,906 | |
| Credit institutions | 430/8 | - | €3,906 | +€3,906 | |
| Trade debts | 44 | €83,092 | €107,543 | +€24,451 | +29.4% |
| Suppliers | 440/4 | €83,092 | €107,543 | +€24,451 | +29.4% |
| Taxes, remuneration and social security | 45 | €64,823 | €54,093 | -€10,729 | -16.6% |
| Taxes | 450/3 | €2,154 | €2,750 | +€596 | +27.7% |
| Remuneration and social security | 454/9 | €62,669 | €51,343 | -€11,326 | -18.1% |
| Other amounts payable | 47/48 | €229,539 | €215,053 | -€14,486 | -6.3% |
| Accrued charges and deferred income | 492/3 | €5,979 | €2,321 | -€3,658 | -61.2% |
| Remuneration, social security and pensions | 62 | €521,596 | €413,373 | -€108,223 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,785 | €102,577 | +€3,792 | +3.8% |
| Other operating charges | 640/8 | €6,638 | €7,126 | +€488 | +7.4% |
| Gross operating margin | 9900 | €697,891 | €555,171 | -€142,720 | -20.5% |
| Operating profit (loss) | 9901 | €70,873 | €32,095 | -€38,778 | -54.7% |
| Financial income | 75/76B | €349 | €270 | -€79 | -22.7% |
| Recurring financial income | 75 | €349 | €270 | -€79 | -22.7% |
| Financial charges | 65/66B | €11,818 | €12,380 | +€561 | +4.7% |
| Recurring financial charges | 65 | €11,818 | €12,380 | +€561 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €59,404 | €19,985 | -€39,418 | -66.4% |
| Income taxes | 67/77 | €5,678 | €3,404 | -€2,274 | -40.0% |
| Profit (loss) for the period | 9904 | €53,726 | €16,582 | -€37,144 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,726 | €16,582 | -€37,144 | -69.1% |
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 2 October 2026 via checked.be.