DR. INGE GOBIN: 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.
DR. INGE GOBIN
Largest movements
- Cash +€95,214
up €95,214 (+64.9%), from €146,656 to €241,870
mainly Net result for the year (+€85,994) and Receivables within one year (+€43,861)
- Receivables within one year -€43,861
down €43,861 (-84.6%), from €51,856 to €7,995
of which Other amounts receivable: -€33,933
- Tangible fixed assets -€33,013
down €33,013 (-10.6%), from €310,986 to €277,973
- Reserves +€40,994
up €40,994 (+10.7%), from €384,918 to €425,913
of which Distributable reserves: +€40,994
- Debts after one year -€15,099
down €15,099 (-19.8%), from €76,068 to €60,968
- Gross operating margin +€21,409
up €21,409 (+16.7%), from €127,931 to €149,340
- Depreciation +€8,058
up €8,058 (+32.3%), from €24,954 to €33,013
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 | €509,627 | €530,542 | +€20,915 | +4.1% |
| Fixed assets | 21/28 | €311,116 | €278,103 | -€33,013 | -10.6% |
| Tangible fixed assets | 22/27 | €310,986 | €277,973 | -€33,013 | -10.6% |
| Land and buildings | 22 | €189,200 | €184,040 | -€5,160 | -2.7% |
| Plant, machinery and equipment | 23 | €74,491 | €60,283 | -€14,209 | -19.1% |
| Furniture and vehicles | 24 | €47,294 | €33,650 | -€13,644 | -28.8% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €198,512 | €252,440 | +€53,928 | +27.2% |
| Amounts receivable within one year | 40/41 | €51,856 | €7,995 | -€43,861 | -84.6% |
| Trade receivables | 40 | €14,513 | €4,585 | -€9,927 | -68.4% |
| Other amounts receivable | 41 | €37,343 | €3,410 | -€33,933 | -90.9% |
| Cash at bank and in hand | 54/58 | €146,656 | €241,870 | +€95,214 | +64.9% |
| Deferred charges and accrued income | 490/1 | - | €2,575 | +€2,575 | |
| Total equity and liabilities | 10/49 | €509,627 | €530,542 | +€20,915 | +4.1% |
| Equity | 10/15 | €397,318 | €438,313 | +€40,994 | +10.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €384,918 | €425,913 | +€40,994 | +10.7% |
| 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 | €383,058 | €424,053 | +€40,994 | +10.7% |
| Amounts payable | 17/49 | €112,309 | €92,229 | -€20,079 | -17.9% |
| Amounts payable after more than one year | 17 | €76,068 | €60,968 | -€15,099 | -19.8% |
| Financial debts | 170/4 | €76,068 | €60,968 | -€15,099 | -19.8% |
| Amounts payable within one year | 42/48 | €33,761 | €30,211 | -€3,550 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €14,914 | €15,099 | +€186 | +1.2% |
| Trade debts | 44 | €11,353 | €10,298 | -€1,055 | -9.3% |
| Suppliers | 440/4 | €11,353 | €10,298 | -€1,055 | -9.3% |
| Taxes, remuneration and social security | 45 | €7,495 | €2,257 | -€5,238 | -69.9% |
| Taxes | 450/3 | €7,495 | €2,257 | -€5,238 | -69.9% |
| Other amounts payable | 47/48 | - | €2,557 | +€2,557 | |
| Accrued charges and deferred income | 492/3 | €2,480 | €1,050 | -€1,430 | -57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,954 | €33,013 | +€8,058 | +32.3% |
| Other operating charges | 640/8 | €2,907 | €3,589 | +€682 | +23.5% |
| Gross operating margin | 9900 | €127,931 | €149,340 | +€21,409 | +16.7% |
| Operating profit (loss) | 9901 | €100,070 | €112,739 | +€12,669 | +12.7% |
| Financial income | 75/76B | €14 | €568 | +€554 | +4050.7% |
| Recurring financial income | 75 | €14 | €568 | +€554 | +4050.7% |
| Financial charges | 65/66B | €1,988 | €2,445 | +€457 | +23.0% |
| Recurring financial charges | 65 | €1,988 | €2,445 | +€457 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €98,095 | €110,862 | +€12,767 | +13.0% |
| Income taxes | 67/77 | €26,199 | €24,867 | -€1,332 | -5.1% |
| Profit (loss) for the period | 9904 | €71,896 | €85,994 | +€14,099 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,896 | €85,994 | +€14,099 | +19.6% |
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.