DYNAMIC PROPERTIES: what changed
Two fiscal 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.
DYNAMIC PROPERTIES
Largest movements
- Receivables within one year +€721,444
up €721,444 (+60.9%), from €1.2m to €1.9m
of which Trade receivables: +€488,946
- Cash -€488,661
down €488,661 (-96.4%), from €507,111 to €18,450
mainly Receivables within one year (-€721,444) and Other debts (-€238,032)
- Stocks and contracts +€55,000
up €55,000 (+6.0%), from €918,860 to €973,860
- Advances received +€529,825
up €529,825 (+39.5%), from €1.3m to €1.9m
- Other debts -€238,032
down €238,032 (-71.2%), from €334,212 to €96,180
- Tax, wage and social debts -€193,137
down €193,137 (-93.7%), from €206,052 to €12,915
- Short-term financial debts +€125,315
up €125,315 (+28.0%), from €446,892 to €572,207
- Trade debts +€47,804
up €47,804 (+60.6%), from €78,857 to €126,660
- Gross operating margin -€84,149
down €84,149 (-56.5%), from €148,951 to €64,802
- Financial charges -€40,922
down €40,922 (-66.4%), from €61,600 to €20,678
- Taxes -€9,054
down €9,054 (-44.9%), from €20,168 to €11,114
- Other operating charges -€7,057
down €7,057 (-87.6%), from €8,061 to €1,004
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 | €2,611,378 | €2,899,161 | +€287,783 | +11.0% |
| Current assets | 29/58 | €2,611,378 | €2,899,161 | +€287,783 | +11.0% |
| Stocks and contracts in progress | 3 | €918,860 | €973,860 | +€55,000 | +6.0% |
| Stocks | 30/36 | €918,860 | €973,860 | +€55,000 | +6.0% |
| Amounts receivable within one year | 40/41 | €1,185,407 | €1,906,851 | +€721,444 | +60.9% |
| Trade receivables | 40 | €1,180,625 | €1,669,571 | +€488,946 | +41.4% |
| Other amounts receivable | 41 | €4,782 | €237,280 | +€232,498 | +4862.1% |
| Cash at bank and in hand | 54/58 | €507,111 | €18,450 | -€488,661 | -96.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,611,378 | €2,899,161 | +€287,783 | +11.0% |
| Equity | 10/15 | €187,062 | €220,356 | +€33,295 | +17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,602 | €199,896 | +€33,295 | +20.0% |
| Amounts payable | 17/49 | €2,424,316 | €2,678,805 | +€254,489 | +10.5% |
| Amounts payable within one year | 42/48 | €2,407,030 | €2,678,805 | +€271,775 | +11.3% |
| Financial debts | 43 | €446,892 | €572,207 | +€125,315 | +28.0% |
| Credit institutions | 430/8 | €446,892 | €572,207 | +€125,315 | +28.0% |
| Trade debts | 44 | €78,857 | €126,660 | +€47,804 | +60.6% |
| Suppliers | 440/4 | €78,857 | €126,660 | +€47,804 | +60.6% |
| Advances received on contracts in progress | 46 | €1,341,018 | €1,870,843 | +€529,825 | +39.5% |
| Taxes, remuneration and social security | 45 | €206,052 | €12,915 | -€193,137 | -93.7% |
| Taxes | 450/3 | €206,052 | €12,915 | -€193,137 | -93.7% |
| Other amounts payable | 47/48 | €334,212 | €96,180 | -€238,032 | -71.2% |
| Accrued charges and deferred income | 492/3 | €17,286 | €0 | -€17,286 | -100.0% |
| Other operating charges | 640/8 | €8,061 | €1,004 | -€7,057 | -87.6% |
| Gross operating margin | 9900 | €148,951 | €64,802 | -€84,149 | -56.5% |
| Operating profit (loss) | 9901 | €140,890 | €63,798 | -€77,092 | -54.7% |
| Financial income | 75/76B | €808 | €1,288 | +€480 | +59.4% |
| Recurring financial income | 75 | €808 | €1,288 | +€480 | +59.4% |
| Financial charges | 65/66B | €61,600 | €20,678 | -€40,922 | -66.4% |
| Recurring financial charges | 65 | €61,600 | €20,678 | -€40,922 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €80,099 | €44,409 | -€35,691 | -44.6% |
| Income taxes | 67/77 | €20,168 | €11,114 | -€9,054 | -44.9% |
| Profit (loss) for the period | 9904 | €59,931 | €33,295 | -€26,636 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,931 | €33,295 | -€26,636 | -44.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.