Core Group: 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.
Core Group
Largest movements
- Receivables within one year +€183,960
up €183,960 (+65.4%), from €281,240 to €465,200
of which Trade receivables: +€184,168
- Trade debts +€121,146
up €121,146 (+116.6%), from €103,870 to €225,016
- Other debts +€36,591
up €36,591 (+19.6%), from €186,766 to €223,357
- Accrued charges and deferred income +€23,703
new in 2024: €23,703
- Gross operating margin +€29,213
up €29,213 (+71.4%), from €40,929 to €70,142
- Staff costs +€18,915
up €18,915 (+132.4%), from €14,288 to €33,202
- Taxes +€5,990
up €5,990 (+149.7%), from €4,002 to €9,992
- Financial charges -€972
down €972 (-37.2%), from €2,609 to €1,637
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 | €299,979 | €483,471 | +€183,493 | +61.2% |
| Fixed assets | 21/28 | €7,755 | €2,495 | -€5,260 | -67.8% |
| Intangible fixed assets | 21 | €2,107 | €0 | -€2,107 | -100.0% |
| Tangible fixed assets | 22/27 | €5,367 | €2,214 | -€3,153 | -58.7% |
| Furniture and vehicles | 24 | €5,367 | €2,214 | -€3,153 | -58.7% |
| Financial fixed assets | 28 | €281 | €281 | = | 0.0% |
| Current assets | 29/58 | €292,224 | €480,977 | +€188,752 | +64.6% |
| Amounts receivable within one year | 40/41 | €281,240 | €465,200 | +€183,960 | +65.4% |
| Trade receivables | 40 | €245,757 | €429,925 | +€184,168 | +74.9% |
| Other amounts receivable | 41 | €35,483 | €35,274 | -€208 | -0.6% |
| Cash at bank and in hand | 54/58 | €9,587 | €10,955 | +€1,368 | +14.3% |
| Deferred charges and accrued income | 490/1 | €1,398 | €4,822 | +€3,424 | +245.0% |
| Total equity and liabilities | 10/49 | €299,979 | €483,471 | +€183,493 | +61.2% |
| Equity | 10/15 | €100 | €100 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Amounts payable | 17/49 | €299,879 | €483,371 | +€183,493 | +61.2% |
| Amounts payable within one year | 42/48 | €299,879 | €459,668 | +€159,789 | +53.3% |
| Trade debts | 44 | €103,870 | €225,016 | +€121,146 | +116.6% |
| Suppliers | 440/4 | €103,870 | €225,016 | +€121,146 | +116.6% |
| Taxes, remuneration and social security | 45 | €9,242 | €11,295 | +€2,053 | +22.2% |
| Taxes | 450/3 | €8,265 | €11,295 | +€3,030 | +36.7% |
| Remuneration and social security | 454/9 | €977 | - | -€977 | |
| Other amounts payable | 47/48 | €186,766 | €223,357 | +€36,591 | +19.6% |
| Accrued charges and deferred income | 492/3 | - | €23,703 | +€23,703 | |
| Remuneration, social security and pensions | 62 | €14,288 | €33,202 | +€18,915 | +132.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,780 | €5,260 | -€520 | -9.0% |
| Other operating charges | 640/8 | €984 | €387 | -€597 | -60.7% |
| Non-recurring operating charges | 66A | €1,296 | - | -€1,296 | |
| Gross operating margin | 9900 | €40,929 | €70,142 | +€29,213 | +71.4% |
| Operating profit (loss) | 9901 | €18,581 | €31,292 | +€12,711 | +68.4% |
| Financial income | 75/76B | €36 | €20 | -€15 | -43.0% |
| Recurring financial income | 75 | €36 | €20 | -€15 | -43.0% |
| Financial charges | 65/66B | €2,609 | €1,637 | -€972 | -37.2% |
| Recurring financial charges | 65 | €2,609 | €1,637 | -€972 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €16,008 | €29,675 | +€13,667 | +85.4% |
| Income taxes | 67/77 | €4,002 | €9,992 | +€5,990 | +149.7% |
| Profit (loss) for the period | 9904 | €12,006 | €19,683 | +€7,677 | +63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,006 | €19,683 | +€7,677 | +63.9% |
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.