Cspect: 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.
Cspect
Largest movements
- Cash +€97,301
up €97,301 (+50.6%), from €192,151 to €289,452
mainly Net result for the year (+€141,980) and Depreciation (+€64,495)
- Receivables within one year -€25,662
down €25,662 (-10.9%), from €236,036 to €210,375
of which Trade receivables: -€113,368
- Intangible fixed assets +€10,536
new in 2024: €10,536
- Tangible fixed assets -€8,784
down €8,784 (-2.8%), from €309,691 to €300,907
of which Plant, machinery and equipment: -€23,264
- Other debts +€52,834
up €52,834 (+12.1%), from €437,649 to €490,483
- Reserves +€40,000
up €40,000 (+26.8%), from €149,158 to €189,158
of which Distributable reserves: +€40,000
- Tax, wage and social debts -€10,250
down €10,250 (-30.9%), from €33,175 to €22,925
of which Remuneration and social security: -€5,438
- Current portion of long-term debt -€9,877
no longer reported in 2024 (was €9,877)
- Gross operating margin -€100,555
down €100,555 (-19.5%), from €516,541 to €415,985
- Staff costs +€76,916
up €76,916 (+60.9%), from €126,262 to €203,178
- Depreciation +€15,322
up €15,322 (+31.2%), from €49,173 to €64,495
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 | €759,270 | €835,092 | +€75,822 | +10.0% |
| Fixed assets | 21/28 | €309,691 | €311,442 | +€1,752 | +0.6% |
| Intangible fixed assets | 21 | - | €10,536 | +€10,536 | |
| Tangible fixed assets | 22/27 | €309,691 | €300,907 | -€8,784 | -2.8% |
| Plant, machinery and equipment | 23 | €265,905 | €242,641 | -€23,264 | -8.7% |
| Furniture and vehicles | 24 | €43,785 | €58,265 | +€14,480 | +33.1% |
| Current assets | 29/58 | €449,579 | €523,650 | +€74,070 | +16.5% |
| Amounts receivable within one year | 40/41 | €236,036 | €210,375 | -€25,662 | -10.9% |
| Trade receivables | 40 | €228,965 | €115,597 | -€113,368 | -49.5% |
| Other amounts receivable | 41 | €7,072 | €94,777 | +€87,706 | +1240.3% |
| Cash at bank and in hand | 54/58 | €192,151 | €289,452 | +€97,301 | +50.6% |
| Deferred charges and accrued income | 490/1 | €21,392 | €23,823 | +€2,431 | +11.4% |
| Total equity and liabilities | 10/49 | €759,270 | €835,092 | +€75,822 | +10.0% |
| Equity | 10/15 | €222,145 | €264,125 | +€41,980 | +18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €149,158 | €189,158 | +€40,000 | +26.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €147,298 | €187,298 | +€40,000 | +27.2% |
| Profit (loss) carried forward | 14 | €54,387 | €56,367 | +€1,980 | +3.6% |
| Amounts payable | 17/49 | €537,125 | €570,967 | +€33,842 | +6.3% |
| Amounts payable within one year | 42/48 | €537,099 | €570,513 | +€33,414 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €9,877 | - | -€9,877 | |
| Trade debts | 44 | €56,398 | €57,105 | +€707 | +1.3% |
| Suppliers | 440/4 | €56,398 | €57,105 | +€707 | +1.3% |
| Taxes, remuneration and social security | 45 | €33,175 | €22,925 | -€10,250 | -30.9% |
| Taxes | 450/3 | €7,488 | €2,676 | -€4,812 | -64.3% |
| Remuneration and social security | 454/9 | €25,687 | €20,249 | -€5,438 | -21.2% |
| Other amounts payable | 47/48 | €437,649 | €490,483 | +€52,834 | +12.1% |
| Accrued charges and deferred income | 492/3 | €26 | €454 | +€428 | +1662.8% |
| Remuneration, social security and pensions | 62 | €126,262 | €203,178 | +€76,916 | +60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,173 | €64,495 | +€15,322 | +31.2% |
| Other operating charges | 640/8 | €973 | €1,667 | +€693 | +71.2% |
| Gross operating margin | 9900 | €516,541 | €415,985 | -€100,555 | -19.5% |
| Operating profit (loss) | 9901 | €340,133 | €146,646 | -€193,487 | -56.9% |
| Financial income | 75/76B | €764 | €1,060 | +€296 | +38.7% |
| Recurring financial income | 75 | €764 | €1,060 | +€296 | +38.7% |
| Financial charges | 65/66B | €4,257 | €1,669 | -€2,588 | -60.8% |
| Recurring financial charges | 65 | €4,257 | €1,669 | -€2,588 | -60.8% |
| Profit (loss) for the period before taxes | 9903 | €336,639 | €146,037 | -€190,602 | -56.6% |
| Income taxes | 67/77 | €7,133 | €4,057 | -€3,076 | -43.1% |
| Profit (loss) for the period | 9904 | €329,507 | €141,980 | -€187,526 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €329,507 | €141,980 | -€187,526 | -56.9% |
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.