CORPORATE ADVICE: 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.
CORPORATE ADVICE
Largest movements
- Receivables after one year +€148,183
up €148,183 (+11.5%), from €1.3m to €1.4m
- Receivables within one year +€42,500
up €42,500 (+2.2%), from €1.9m to €2.0m
- Other debts +€69,912
up €69,912 (+660%), from €10,596 to €80,508
- Tax, wage and social debts +€53,559
up €53,559 (+52.1%), from €102,895 to €156,454
- Gross operating margin -€54,772
down €54,772 (-35.3%), from €154,957 to €100,185
- Financial income -€30,464
down €30,464 (-54.1%), from €56,322 to €25,858
- Depreciation +€3,597
up €3,597 (+9.7%), from €37,226 to €40,822
- Taxes -€2,185
down €2,185 (-3.2%), from €67,779 to €65,594
- Other operating charges -€1,645
down €1,645 (-78.5%), from €2,095 to €450
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 | €4,069,903 | €4,204,037 | +€134,134 | +3.3% |
| Fixed assets | 21/28 | €788,545 | €747,723 | -€40,822 | -5.2% |
| Tangible fixed assets | 22/27 | €788,545 | €747,723 | -€40,822 | -5.2% |
| Land and buildings | 22 | €701,497 | €681,126 | -€20,371 | -2.9% |
| Plant, machinery and equipment | 23 | €87,049 | €66,597 | -€20,452 | -23.5% |
| Current assets | 29/58 | €3,281,358 | €3,456,315 | +€174,957 | +5.3% |
| Amounts receivable after more than one year | 29 | €1,292,766 | €1,440,949 | +€148,183 | +11.5% |
| Other amounts receivable | 291 | €1,292,766 | €1,440,949 | +€148,183 | +11.5% |
| Amounts receivable within one year | 40/41 | €1,949,284 | €1,991,784 | +€42,500 | +2.2% |
| Other amounts receivable | 41 | €1,949,284 | €1,991,784 | +€42,500 | +2.2% |
| Cash at bank and in hand | 54/58 | €31,149 | €13,548 | -€17,601 | -56.5% |
| Deferred charges and accrued income | 490/1 | €8,159 | €10,034 | +€1,875 | +23.0% |
| Total equity and liabilities | 10/49 | €4,069,903 | €4,204,037 | +€134,134 | +3.3% |
| Equity | 10/15 | €3,875,043 | €3,897,688 | +€22,645 | +0.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €149,377 | €140,954 | -€8,423 | -5.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €143,177 | €134,754 | -€8,423 | -5.9% |
| Profit (loss) carried forward | 14 | €3,663,666 | €3,694,734 | +€31,068 | +0.8% |
| Provisions and deferred taxes | 16 | €73,725 | €69,388 | -€4,337 | -5.9% |
| Deferred taxes | 168 | €73,725 | €69,388 | -€4,337 | -5.9% |
| Amounts payable | 17/49 | €121,135 | €236,962 | +€115,827 | +95.6% |
| Amounts payable within one year | 42/48 | €121,135 | €236,962 | +€115,827 | +95.6% |
| Trade debts | 44 | €7,644 | - | -€7,644 | |
| Suppliers | 440/4 | €7,644 | - | -€7,644 | |
| Taxes, remuneration and social security | 45 | €102,895 | €156,454 | +€53,559 | +52.1% |
| Taxes | 450/3 | €102,895 | €156,454 | +€53,559 | +52.1% |
| Other amounts payable | 47/48 | €10,596 | €80,508 | +€69,912 | +660% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,226 | €40,822 | +€3,597 | +9.7% |
| Other operating charges | 640/8 | €2,095 | €450 | -€1,645 | -78.5% |
| Gross operating margin | 9900 | €154,957 | €100,185 | -€54,772 | -35.3% |
| Operating profit (loss) | 9901 | €115,636 | €58,913 | -€56,723 | -49.1% |
| Financial income | 75/76B | €56,322 | €25,858 | -€30,464 | -54.1% |
| Recurring financial income | 75 | €56,322 | €25,858 | -€30,464 | -54.1% |
| Financial charges | 65/66B | €889 | €869 | -€20 | -2.3% |
| Recurring financial charges | 65 | €889 | €869 | -€20 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €171,068 | €83,902 | -€87,167 | -51.0% |
| Transfer from deferred taxes | 780 | €4,337 | €4,337 | = | 0.0% |
| Income taxes | 67/77 | €67,779 | €65,594 | -€2,185 | -3.2% |
| Profit (loss) for the period | 9904 | €107,626 | €22,645 | -€84,982 | -79.0% |
| Transfer from tax-exempt reserves | 789 | €8,423 | €8,423 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €116,050 | €31,068 | -€84,982 | -73.2% |
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 21 October 2026 via checked.be.