CS70: 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.
CS70
Largest movements
- Stocks and contracts +€81,679
up €81,679 (+32.5%), from €251,641 to €333,320
- Receivables within one year +€70,607
up €70,607 (+68.8%), from €102,553 to €173,161
of which Trade receivables: +€60,211
- Cash +€44,608
up €44,608 (+368.1%), from €12,118 to €56,726
mainly Short-term financial debts (+€110,786) and Trade debts (+€85,170)
- Tangible fixed assets +€12,960
up €12,960 (+10.3%), from €125,595 to €138,555
of which Plant, machinery and equipment: +€12,960
- Short-term financial debts +€110,786
up €110,786 (+58.6%), from €189,214 to €300,000
- Trade debts +€85,170
up €85,170 (+2582.0%), from €3,299 to €88,469
- Current portion of long-term debt +€17,514
up €17,514 (+2656.1%), from €659 to €18,173
- Profit (loss) carried forward -€12,695
new in 2024: -€12,695
- Gross operating margin -€74,334
down €74,334 (-44.3%), from €167,715 to €93,381
- Depreciation -€30,132
no longer reported in 2024 (was €30,132)
- Taxes -€28,960
down €28,960 (-98.3%), from €29,448 to €488
- Staff costs +€28,518
up €28,518 (+73.1%), from €39,021 to €67,539
- Financial charges +€17,898
up €17,898 (+94.5%), from €18,941 to €36,839
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 | €552,318 | €761,922 | +€209,604 | +37.9% |
| Formation expenses | 20 | €2,508 | €2,508 | = | 0.0% |
| Fixed assets | 21/28 | €163,199 | €175,909 | +€12,710 | +7.8% |
| Intangible fixed assets | 21 | €37,355 | €37,355 | = | 0.0% |
| Tangible fixed assets | 22/27 | €125,595 | €138,555 | +€12,960 | +10.3% |
| Plant, machinery and equipment | 23 | €124,359 | €137,319 | +€12,960 | +10.4% |
| Furniture and vehicles | 24 | €1,235 | €1,235 | = | 0.0% |
| Financial fixed assets | 28 | €250 | - | -€250 | |
| Current assets | 29/58 | €386,611 | €583,506 | +€196,894 | +50.9% |
| Stocks and contracts in progress | 3 | €251,641 | €333,320 | +€81,679 | +32.5% |
| Stocks | 30/36 | €251,641 | €333,320 | +€81,679 | +32.5% |
| Amounts receivable within one year | 40/41 | €102,553 | €173,161 | +€70,607 | +68.8% |
| Trade receivables | 40 | €78,885 | €139,096 | +€60,211 | +76.3% |
| Other amounts receivable | 41 | €23,668 | €34,065 | +€10,397 | +43.9% |
| Cash at bank and in hand | 54/58 | €12,118 | €56,726 | +€44,608 | +368.1% |
| Deferred charges and accrued income | 490/1 | €20,299 | €20,299 | = | 0.0% |
| Total equity and liabilities | 10/49 | €552,318 | €761,922 | +€209,604 | +37.9% |
| Equity | 10/15 | €151,663 | €138,968 | -€12,695 | -8.4% |
| Contributions | 10/11 | €106,200 | €106,200 | = | 0.0% |
| Reserves | 13 | €45,463 | €45,463 | = | 0.0% |
| Distributable reserves | 133 | €45,463 | €45,463 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,695 | -€12,695 | |
| Amounts payable | 17/49 | €400,655 | €622,954 | +€222,300 | +55.5% |
| Amounts payable after more than one year | 17 | €169,000 | €169,000 | = | 0.0% |
| Financial debts | 170/4 | €169,000 | €169,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €231,425 | €449,865 | +€218,440 | +94.4% |
| Current portion of amounts payable after more than one year | 42 | €659 | €18,173 | +€17,514 | +2656.1% |
| Financial debts | 43 | €189,214 | €300,000 | +€110,786 | +58.6% |
| Credit institutions | 430/8 | €189,214 | €300,000 | +€110,786 | +58.6% |
| Trade debts | 44 | €3,299 | €88,469 | +€85,170 | +2582.0% |
| Suppliers | 440/4 | €3,299 | €88,469 | +€85,170 | +2582.0% |
| Taxes, remuneration and social security | 45 | €10,053 | €13,189 | +€3,136 | +31.2% |
| Taxes | 450/3 | €5,450 | €6,705 | +€1,255 | +23.0% |
| Remuneration and social security | 454/9 | €4,603 | €6,484 | +€1,881 | +40.9% |
| Other amounts payable | 47/48 | €28,200 | €30,034 | +€1,834 | +6.5% |
| Accrued charges and deferred income | 492/3 | €230 | €4,089 | +€3,859 | +1677.9% |
| Remuneration, social security and pensions | 62 | €39,021 | €67,539 | +€28,518 | +73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,132 | - | -€30,132 | |
| Other operating charges | 640/8 | €1,368 | €2,577 | +€1,209 | +88.3% |
| Gross operating margin | 9900 | €167,715 | €93,381 | -€74,334 | -44.3% |
| Operating profit (loss) | 9901 | €97,193 | €23,265 | -€73,928 | -76.1% |
| Financial income | 75/76B | €2,807 | €1,366 | -€1,441 | -51.3% |
| Recurring financial income | 75 | €2,807 | €1,366 | -€1,441 | -51.3% |
| Financial charges | 65/66B | €18,941 | €36,839 | +€17,898 | +94.5% |
| Recurring financial charges | 65 | €18,941 | €36,839 | +€17,898 | +94.5% |
| Profit (loss) for the period before taxes | 9903 | €81,059 | -€12,207 | -€93,267 | |
| Income taxes | 67/77 | €29,448 | €488 | -€28,960 | -98.3% |
| Profit (loss) for the period | 9904 | €51,611 | -€12,695 | -€64,306 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,611 | -€12,695 | -€64,306 |
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 9 October 2026 via checked.be.