E & A: 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.
E & A
Largest movements
- Tangible fixed assets +€461,990
up €461,990 (+8178.8%), from €5,649 to €467,639
of which Land and buildings: +€459,757
- Cash -€5,860
down €5,860 (-29.8%), from €19,632 to €13,772
mainly Investment in fixed assets (net) (-€539,269) and Net result for the year (-€20,321)
- Other debts +€394,744
new in 2024: €394,744
- Debts after one year +€67,665
new in 2024: €67,665
- Profit (loss) carried forward -€22,626
down €22,626, from €16,684 to -€5,942
- Current portion of long-term debt +€15,486
new in 2024: €15,486
- Depreciation +€55,840
up €55,840 (+260.5%), from €21,438 to €77,279
- Gross operating margin +€22,590
up €22,590 (+55.8%), from €40,455 to €63,045
- Financial charges -€4,133
down €4,133 (-66.2%), from €6,242 to €2,109
- Taxes -€3,178
down €3,178 (-84.2%), from €3,775 to €597
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 | €32,018 | €491,430 | +€459,412 | +1434.8% |
| Fixed assets | 21/28 | €5,649 | €467,639 | +€461,990 | +8178.8% |
| Tangible fixed assets | 22/27 | €5,649 | €467,639 | +€461,990 | +8178.8% |
| Land and buildings | 22 | €5,649 | €465,406 | +€459,757 | +8139.3% |
| Furniture and vehicles | 24 | - | €2,233 | +€2,233 | |
| Current assets | 29/58 | €26,370 | €23,791 | -€2,578 | -9.8% |
| Amounts receivable within one year | 40/41 | €6,738 | €10,019 | +€3,281 | +48.7% |
| Trade receivables | 40 | €960 | €6,419 | +€5,460 | +569.0% |
| Other amounts receivable | 41 | €5,778 | €3,600 | -€2,178 | -37.7% |
| Cash at bank and in hand | 54/58 | €19,632 | €13,772 | -€5,860 | -29.8% |
| Total equity and liabilities | 10/49 | €32,018 | €491,430 | +€459,412 | +1434.8% |
| Equity | 10/15 | €22,884 | €258 | -€22,626 | -98.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,684 | -€5,942 | -€22,626 | |
| Amounts payable | 17/49 | €9,134 | €491,172 | +€482,038 | +5277.1% |
| Amounts payable after more than one year | 17 | - | €67,665 | +€67,665 | |
| Financial debts | 170/4 | - | €67,665 | +€67,665 | |
| Amounts payable within one year | 42/48 | €9,134 | €423,507 | +€414,373 | +4536.4% |
| Current portion of amounts payable after more than one year | 42 | - | €15,486 | +€15,486 | |
| Trade debts | 44 | €3,747 | €5,460 | +€1,714 | +45.7% |
| Suppliers | 440/4 | €3,747 | €5,460 | +€1,714 | +45.7% |
| Taxes, remuneration and social security | 45 | €5,388 | €7,817 | +€2,430 | +45.1% |
| Taxes | 450/3 | €5,388 | €7,817 | +€2,430 | +45.1% |
| Other amounts payable | 47/48 | - | €394,744 | +€394,744 | |
| Remuneration, social security and pensions | 62 | - | €140 | +€140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,438 | €77,279 | +€55,840 | +260.5% |
| Other operating charges | 640/8 | €2,991 | €3,241 | +€251 | +8.4% |
| Gross operating margin | 9900 | €40,455 | €63,045 | +€22,590 | +55.8% |
| Operating profit (loss) | 9901 | €16,026 | -€17,615 | -€33,641 | |
| Financial charges | 65/66B | €6,242 | €2,109 | -€4,133 | -66.2% |
| Recurring financial charges | 65 | €6,242 | €2,109 | -€4,133 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €9,784 | -€19,724 | -€29,508 | |
| Income taxes | 67/77 | €3,775 | €597 | -€3,178 | -84.2% |
| Profit (loss) for the period | 9904 | €6,009 | -€20,321 | -€26,330 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,009 | -€20,321 | -€26,330 |
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 29 September 2026 via checked.be.