CONSORT: 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.
CONSORT
Largest movements
- Receivables within one year +€68,105
up €68,105 (+19.6%), from €347,223 to €415,328
of which Other amounts receivable: +€162,575
- Cash +€32,242
up €32,242 (+319%), from €10,101 to €42,343
mainly Trade debts (+€72,882) and Other debts (+€63,607)
- Stocks and contracts +€28,781
up €28,781 (+8.2%), from €351,848 to €380,629
- Tangible fixed assets -€12,645
down €12,645 (-23.5%), from €53,727 to €41,082
of which Other tangible fixed assets: -€13,184
- Trade debts +€72,882
up €72,882 (+48.4%), from €150,445 to €223,327
- Other debts +€63,607
up €63,607 (+67.3%), from €94,476 to €158,083
- Advances received -€28,478
down €28,478 (-91.3%), from €31,200 to €2,722
- Profit (loss) carried forward +€26,753
up €26,753 (+7.3%), from -€366,211 to -€339,457
- Tax, wage and social debts +€25,960
up €25,960 (+65.6%), from €39,568 to €65,528
of which Remuneration and social security: +€25,715
- Gross operating margin -€93,304
down €93,304 (-22.2%), from €419,581 to €326,276
- Financial income +€53,366
up €53,366 (+7,189%), from €742 to €54,108
- Staff costs +€13,849
up €13,849 (+4.4%), from €314,970 to €328,819
- Other operating charges -€7,430
down €7,430 (-82.9%), from €8,959 to €1,529
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 | €764,727 | €886,787 | +€122,060 | +16.0% |
| Fixed assets | 21/28 | €54,006 | €41,361 | -€12,645 | -23.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €53,727 | €41,082 | -€12,645 | -23.5% |
| Plant, machinery and equipment | 23 | €992 | €1,531 | +€539 | +54.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €52,734 | €39,551 | -€13,184 | -25.0% |
| Financial fixed assets | 28 | €279 | €279 | = | 0.0% |
| Current assets | 29/58 | €710,721 | €845,426 | +€134,704 | +19.0% |
| Stocks and contracts in progress | 3 | €351,848 | €380,629 | +€28,781 | +8.2% |
| Stocks | 30/36 | €351,848 | €380,629 | +€28,781 | +8.2% |
| Amounts receivable within one year | 40/41 | €347,223 | €415,328 | +€68,105 | +19.6% |
| Trade receivables | 40 | €133,338 | €38,868 | -€94,470 | -70.9% |
| Other amounts receivable | 41 | €213,885 | €376,460 | +€162,575 | +76.0% |
| Cash at bank and in hand | 54/58 | €10,101 | €42,343 | +€32,242 | +319% |
| Deferred charges and accrued income | 490/1 | €1,549 | €7,126 | +€5,577 | +360% |
| Total equity and liabilities | 10/49 | €764,727 | €886,787 | +€122,060 | +16.0% |
| Equity | 10/15 | €110,280 | €137,033 | +€26,753 | +24.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | - | €75,000 | +€75,000 | |
| Issued capital | 100 | - | €75,000 | +€75,000 | |
| Reserves | 13 | €401,490 | €401,490 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €3,465 | +€3,465 | |
| Legal reserve | 130 | - | €3,465 | +€3,465 | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €41,413 | €37,948 | -€3,465 | -8.4% |
| Distributable reserves | 133 | €360,078 | €360,078 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€366,211 | -€339,457 | +€26,753 | +7.3% |
| Provisions and deferred taxes | 16 | €3,966 | €3,966 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,966 | €3,966 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,966 | €3,966 | = | 0.0% |
| Amounts payable | 17/49 | €650,481 | €745,787 | +€95,306 | +14.7% |
| Amounts payable after more than one year | 17 | €148,167 | €148,167 | = | 0.0% |
| Financial debts | 170/4 | €148,167 | €148,167 | = | 0.0% |
| Amounts payable within one year | 42/48 | €494,064 | €597,621 | +€103,556 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €53,074 | €47,960 | -€5,113 | -9.6% |
| Financial debts | 43 | €125,302 | €100,000 | -€25,302 | -20.2% |
| Credit institutions | 430/8 | €125,302 | €100,000 | -€25,302 | -20.2% |
| Trade debts | 44 | €150,445 | €223,327 | +€72,882 | +48.4% |
| Suppliers | 440/4 | €150,445 | €223,327 | +€72,882 | +48.4% |
| Advances received on contracts in progress | 46 | €31,200 | €2,722 | -€28,478 | -91.3% |
| Taxes, remuneration and social security | 45 | €39,568 | €65,528 | +€25,960 | +65.6% |
| Taxes | 450/3 | - | €245 | +€245 | |
| Remuneration and social security | 454/9 | €39,568 | €65,282 | +€25,715 | +65.0% |
| Other amounts payable | 47/48 | €94,476 | €158,083 | +€63,607 | +67.3% |
| Accrued charges and deferred income | 492/3 | €8,250 | - | -€8,250 | |
| Non-recurring operating income | 76A | €39,172 | - | -€39,172 | |
| Remuneration, social security and pensions | 62 | €314,970 | €328,819 | +€13,849 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,167 | €14,086 | -€3,081 | -17.9% |
| Other operating charges | 640/8 | €8,959 | €1,529 | -€7,430 | -82.9% |
| Non-recurring operating charges | 66A | - | €528 | +€528 | |
| Gross operating margin | 9900 | €419,581 | €326,276 | -€93,304 | -22.2% |
| Operating profit (loss) | 9901 | €78,485 | -€18,685 | -€97,170 | |
| Financial income | 75/76B | €742 | €54,108 | +€53,366 | +7,189% |
| Recurring financial income | 75 | €742 | €54,108 | +€53,366 | +7,189% |
| Financial charges | 65/66B | €10,313 | €8,670 | -€1,643 | -15.9% |
| Recurring financial charges | 65 | €10,313 | €8,670 | -€1,643 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €68,914 | €26,753 | -€42,161 | -61.2% |
| Profit (loss) for the period | 9904 | €68,914 | €26,753 | -€42,161 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,914 | €26,753 | -€42,161 | -61.2% |
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 13 October 2026 via checked.be.