CONCEPTUAL DEVELOPMENT: 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.
CONCEPTUAL DEVELOPMENT
Largest movements
- Receivables within one year +€4.0m
up €4.0m (+104.7%), from €3.8m to €7.8m
of which Other amounts receivable: +€4.2m
- Stocks and contracts -€1.3m
down €1.3m (-19.5%), from €6.8m to €5.5m
- Debts after one year +€2.0m
new in 2024: €2.0m
- Profit (loss) carried forward +€592,288
up €592,288 (+5.7%), from €10.4m to €11.0m
- Gross operating margin +€187,111
up €187,111 (+39.6%), from €472,159 to €659,270
- Taxes +€59,893
up €59,893 (+43.5%), from €137,536 to €197,429
- Financial income +€56,881
up €56,881 (+64.7%), from €87,969 to €144,850
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 | €10,796,188 | €13,460,566 | +€2.7m | +24.7% |
| Fixed assets | 21/28 | €132 | €132 | = | 0.0% |
| Financial fixed assets | 28 | €132 | €132 | = | 0.0% |
| Current assets | 29/58 | €10,796,056 | €13,460,434 | +€2.7m | +24.7% |
| Stocks and contracts in progress | 3 | €6,822,183 | €5,493,465 | -€1.3m | -19.5% |
| Stocks | 30/36 | €6,822,183 | €5,493,465 | -€1.3m | -19.5% |
| Amounts receivable within one year | 40/41 | €3,795,984 | €7,770,206 | +€4.0m | +104.7% |
| Trade receivables | 40 | €344,652 | €120,044 | -€224,608 | -65.2% |
| Other amounts receivable | 41 | €3,451,332 | €7,650,162 | +€4.2m | +121.7% |
| Cash at bank and in hand | 54/58 | €177,889 | €196,763 | +€18,874 | +10.6% |
| Total equity and liabilities | 10/49 | €10,796,188 | €13,460,566 | +€2.7m | +24.7% |
| Equity | 10/15 | €10,745,061 | €11,337,349 | +€592,288 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,860 | €301,860 | = | 0.0% |
| Distributable reserves | 133 | €301,860 | €301,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,424,601 | €11,016,889 | +€592,288 | +5.7% |
| Amounts payable | 17/49 | €51,127 | €2,123,217 | +€2.1m | +4052.8% |
| Amounts payable after more than one year | 17 | - | €2,000,000 | +€2.0m | |
| Financial debts | 170/4 | - | €2,000,000 | +€2.0m | |
| Amounts payable within one year | 42/48 | €47,616 | €119,103 | +€71,487 | +150.1% |
| Financial debts | 43 | - | €64,135 | +€64,135 | |
| Credit institutions | 430/8 | - | €64,135 | +€64,135 | |
| Trade debts | 44 | €18,616 | €18,539 | -€77 | -0.4% |
| Suppliers | 440/4 | €18,616 | €18,539 | -€77 | -0.4% |
| Taxes, remuneration and social security | 45 | €29,000 | €36,429 | +€7,429 | +25.6% |
| Taxes | 450/3 | €29,000 | €36,429 | +€7,429 | +25.6% |
| Accrued charges and deferred income | 492/3 | €3,511 | €4,114 | +€603 | +17.2% |
| Other operating charges | 640/8 | €109 | €1,092 | +€983 | +901.8% |
| Gross operating margin | 9900 | €472,159 | €659,270 | +€187,111 | +39.6% |
| Operating profit (loss) | 9901 | €472,050 | €658,178 | +€186,128 | +39.4% |
| Financial income | 75/76B | €87,969 | €144,850 | +€56,881 | +64.7% |
| Recurring financial income | 75 | €87,969 | €144,850 | +€56,881 | +64.7% |
| Financial charges | 65/66B | €9,875 | €13,311 | +€3,436 | +34.8% |
| Recurring financial charges | 65 | €9,875 | €13,311 | +€3,436 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €550,144 | €789,717 | +€239,573 | +43.5% |
| Income taxes | 67/77 | €137,536 | €197,429 | +€59,893 | +43.5% |
| Profit (loss) for the period | 9904 | €412,608 | €592,288 | +€179,680 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €412,608 | €592,288 | +€179,680 | +43.5% |
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 4 October 2026 via checked.be.