DEBOX: 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.
DEBOX
Largest movements
- Receivables within one year +€174,944
up €174,944 (+124%), from €141,338 to €316,282
of which Trade receivables: +€170,097
- Cash +€77,761
up €77,761 (+1,231%), from €6,314 to €84,075
mainly Net result for the year (+€95,059) and Trade debts (+€90,894)
- Intangible fixed assets -€46,521
down €46,521 (-100%), from €46,521 to €0
- Tangible fixed assets +€5,409
up €5,409 (+45.0%), from €12,018 to €17,427
of which Plant, machinery and equipment: +€5,823
- Profit (loss) carried forward +€95,059
up €95,059, from -€45,461 to €49,598
- Trade debts +€90,894
up €90,894 (+72.8%), from €124,799 to €215,693
- Tax, wage and social debts +€43,900
up €43,900 (+166%), from €26,456 to €70,356
of which Taxes: +€44,701
- Debts after one year -€41,270
down €41,270 (-100%), from €41,270 to €0
- Current portion of long-term debt +€34,308
up €34,308 (+332%), from €10,336 to €44,644
- Gross operating margin +€225,763
up €225,763 (+756%), from €29,854 to €255,618
- Depreciation +€76,133
up €76,133 (+542%), from €14,037 to €90,170
- Taxes +€32,175
up €32,175 (+16,758%), from €192 to €32,367
- Staff costs -€7,408
down €7,408 (-21.1%), from €35,129 to €27,721
- Financial charges +€6,435
up €6,435 (+271%), from €2,372 to €8,807
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 | €216,518 | €428,110 | +€211,592 | +97.7% |
| Fixed assets | 21/28 | €58,540 | €17,427 | -€41,113 | -70.2% |
| Intangible fixed assets | 21 | €46,521 | €0 | -€46,521 | -100% |
| Tangible fixed assets | 22/27 | €12,018 | €17,427 | +€5,409 | +45.0% |
| Plant, machinery and equipment | 23 | €6,210 | €12,033 | +€5,823 | +93.8% |
| Furniture and vehicles | 24 | €5,808 | €5,394 | -€415 | -7.1% |
| Current assets | 29/58 | €157,978 | €410,683 | +€252,705 | +160% |
| Stocks and contracts in progress | 3 | €10,326 | €10,326 | = | 0.0% |
| Stocks | 30/36 | €10,326 | €10,326 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €141,338 | €316,282 | +€174,944 | +124% |
| Trade receivables | 40 | €107,157 | €277,254 | +€170,097 | +159% |
| Other amounts receivable | 41 | €34,181 | €39,028 | +€4,847 | +14.2% |
| Cash at bank and in hand | 54/58 | €6,314 | €84,075 | +€77,761 | +1,231% |
| Total equity and liabilities | 10/49 | €216,518 | €428,110 | +€211,592 | +97.7% |
| Equity | 10/15 | -€23,568 | €71,492 | +€95,059 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,494 | €9,494 | = | 0.0% |
| 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 | €7,634 | €7,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,461 | €49,598 | +€95,059 | |
| Amounts payable | 17/49 | €240,085 | €356,618 | +€116,533 | +48.5% |
| Amounts payable after more than one year | 17 | €41,270 | €0 | -€41,270 | -100% |
| Financial debts | 170/4 | €41,270 | €0 | -€41,270 | -100% |
| Amounts payable within one year | 42/48 | €198,816 | €353,816 | +€155,000 | +78.0% |
| Current portion of amounts payable after more than one year | 42 | €10,336 | €44,644 | +€34,308 | +332% |
| Trade debts | 44 | €124,799 | €215,693 | +€90,894 | +72.8% |
| Suppliers | 440/4 | €124,799 | €215,693 | +€90,894 | +72.8% |
| Taxes, remuneration and social security | 45 | €26,456 | €70,356 | +€43,900 | +166% |
| Taxes | 450/3 | €24,406 | €69,107 | +€44,701 | +183% |
| Remuneration and social security | 454/9 | €2,051 | €1,249 | -€801 | -39.1% |
| Other amounts payable | 47/48 | €37,225 | €23,123 | -€14,102 | -37.9% |
| Accrued charges and deferred income | 492/3 | - | €2,803 | +€2,803 | |
| Non-recurring operating income | 76A | - | €100 | +€100 | |
| Remuneration, social security and pensions | 62 | €35,129 | €27,721 | -€7,408 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,037 | €90,170 | +€76,133 | +542% |
| Other operating charges | 640/8 | €1,028 | €1,494 | +€466 | +45.4% |
| Gross operating margin | 9900 | €29,854 | €255,618 | +€225,763 | +756% |
| Operating profit (loss) | 9901 | -€20,339 | €136,233 | +€156,572 | |
| Financial income | 75/76B | €175 | €0 | -€174 | -99.8% |
| Recurring financial income | 75 | €175 | €0 | -€174 | -99.8% |
| Financial charges | 65/66B | €2,372 | €8,807 | +€6,435 | +271% |
| Recurring financial charges | 65 | €2,372 | €8,807 | +€6,435 | +271% |
| Profit (loss) for the period before taxes | 9903 | -€22,536 | €127,427 | +€149,963 | |
| Income taxes | 67/77 | €192 | €32,367 | +€32,175 | +16,758% |
| Profit (loss) for the period | 9904 | -€22,728 | €95,059 | +€117,787 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,728 | €95,059 | +€117,787 |
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 15 October 2026 via checked.be.