Drop the spoon: 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.
Drop the spoon
Largest movements
- Cash +€681,392
up €681,392 (+316%), from €215,414 to €896,806
mainly Accrued charges and deferred income (+€310,148) and Trade debts (+€299,701)
- Receivables within one year +€39,554
up €39,554 (+5.3%), from €739,490 to €779,044
of which Trade receivables: +€70,230
- Accrued charges and deferred income +€310,148
new in 2024: €310,148
- Trade debts +€299,701
up €299,701 (+63.2%), from €473,988 to €773,689
- Reserves +€269,161
up €269,161 (+87.3%), from €308,460 to €577,620
of which Distributable reserves: +€269,161
- Profit (loss) carried forward -€154,059
down €154,059 (-100%), from €154,059 to €0
- Gross operating margin +€198,055
up €198,055 (+123%), from €161,496 to €359,551
- Other operating charges +€120,016
up €120,016 (+8,600%), from €1,395 to €121,412
- Financial income +€29,299
up €29,299 (+1,078%), from €2,718 to €32,016
- Taxes +€16,544
up €16,544 (+52.3%), from €31,655 to €48,200
- Financial charges -€15,625
down €15,625 (-59.6%), from €26,210 to €10,585
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 | €1,047,589 | €1,761,103 | +€713,514 | +68.1% |
| Fixed assets | 21/28 | €89,832 | €82,297 | -€7,535 | -8.4% |
| Tangible fixed assets | 22/27 | €78,132 | €70,597 | -€7,535 | -9.6% |
| Plant, machinery and equipment | 23 | €63,782 | €57,551 | -€6,231 | -9.8% |
| Furniture and vehicles | 24 | €14,349 | €9,615 | -€4,735 | -33.0% |
| Other tangible fixed assets | 26 | - | €3,431 | +€3,431 | |
| Financial fixed assets | 28 | €11,700 | €11,700 | = | 0.0% |
| Current assets | 29/58 | €957,757 | €1,678,806 | +€721,049 | +75.3% |
| Amounts receivable within one year | 40/41 | €739,490 | €779,044 | +€39,554 | +5.3% |
| Trade receivables | 40 | €561,816 | €632,046 | +€70,230 | +12.5% |
| Other amounts receivable | 41 | €177,674 | €146,998 | -€30,676 | -17.3% |
| Cash at bank and in hand | 54/58 | €215,414 | €896,806 | +€681,392 | +316% |
| Deferred charges and accrued income | 490/1 | €2,854 | €2,957 | +€103 | +3.6% |
| Total equity and liabilities | 10/49 | €1,047,589 | €1,761,103 | +€713,514 | +68.1% |
| Equity | 10/15 | €481,118 | €596,220 | +€115,102 | +23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €308,460 | €577,620 | +€269,161 | +87.3% |
| 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 | €306,600 | €575,760 | +€269,161 | +87.8% |
| Profit (loss) carried forward | 14 | €154,059 | €0 | -€154,059 | -100% |
| Amounts payable | 17/49 | €566,470 | €1,164,883 | +€598,412 | +106% |
| Amounts payable after more than one year | 17 | €30,552 | €14,638 | -€15,914 | -52.1% |
| Financial debts | 170/4 | €30,552 | €14,638 | -€15,914 | -52.1% |
| Amounts payable within one year | 42/48 | €535,919 | €840,097 | +€304,178 | +56.8% |
| Current portion of amounts payable after more than one year | 42 | €15,310 | €15,914 | +€605 | +3.9% |
| Financial debts | 43 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Credit institutions | 430/8 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Trade debts | 44 | €473,988 | €773,689 | +€299,701 | +63.2% |
| Suppliers | 440/4 | €473,988 | €773,689 | +€299,701 | +63.2% |
| Taxes, remuneration and social security | 45 | €6,180 | €0 | -€6,180 | -100% |
| Taxes | 450/3 | €6,180 | €0 | -€6,180 | -100% |
| Other amounts payable | 47/48 | €441 | €494 | +€53 | +12.0% |
| Accrued charges and deferred income | 492/3 | - | €310,148 | +€310,148 | |
| Non-recurring operating income | 76A | €48 | €49,663 | +€49,615 | +103,408% |
| Remuneration, social security and pensions | 62 | €0 | €164 | +€164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,981 | €43,623 | +€3,641 | +9.1% |
| Other operating charges | 640/8 | €1,395 | €121,412 | +€120,016 | +8,600% |
| Non-recurring operating charges | 66A | €3,173 | €52,482 | +€49,309 | +1,554% |
| Gross operating margin | 9900 | €161,496 | €359,551 | +€198,055 | +123% |
| Operating profit (loss) | 9901 | €116,946 | €141,870 | +€24,924 | +21.3% |
| Financial income | 75/76B | €2,718 | €32,016 | +€29,299 | +1,078% |
| Recurring financial income | 75 | €2,718 | €32,016 | +€29,299 | +1,078% |
| Financial charges | 65/66B | €26,210 | €10,585 | -€15,625 | -59.6% |
| Recurring financial charges | 65 | €26,210 | €10,585 | -€15,625 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €93,454 | €163,302 | +€69,847 | +74.7% |
| Income taxes | 67/77 | €31,655 | €48,200 | +€16,544 | +52.3% |
| Profit (loss) for the period | 9904 | €61,799 | €115,102 | +€53,303 | +86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,799 | €115,102 | +€53,303 | +86.3% |
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.