EMOTION: 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.
EMOTION
Largest movements
- Cash -€24,279
down €24,279 (-91.8%), from €26,460 to €2,181
mainly Contributions, distributions and other (-€50,000) and Investment in fixed assets (net) (-€43,980)
- Deferred charges and accrued income +€10,704
up €10,704 (+336.0%), from €3,185 to €13,890
- Reserves +€60,550
up €60,550 (+166.8%), from €36,300 to €96,850
of which Distributable reserves: +€60,550
- Profit (loss) carried forward -€49,993
down €49,993 (-19.1%), from €261,321 to €211,328
- Trade debts -€20,908
down €20,908 (-68.7%), from €30,436 to €9,528
- Debts after one year -€13,200
no longer reported in 2024 (was €13,200)
- Tax, wage and social debts +€5,782
up €5,782 (+204.1%), from €2,833 to €8,615
- Gross operating margin +€37,688
up €37,688 (+43.9%), from €85,818 to €123,507
- Taxes +€3,465
up €3,465 (+124.5%), from €2,784 to €6,249
- Other operating charges +€2,628
up €2,628 (+39.8%), from €6,606 to €9,234
- Depreciation -€2,229
down €2,229 (-4.5%), from €49,092 to €46,863
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 | €512,742 | €497,415 | -€15,327 | -3.0% |
| Fixed assets | 21/28 | €482,367 | €479,484 | -€2,883 | -0.6% |
| Tangible fixed assets | 22/27 | €482,367 | €479,484 | -€2,883 | -0.6% |
| Land and buildings | 22 | €472,503 | €435,296 | -€37,207 | -7.9% |
| Plant, machinery and equipment | 23 | €9,864 | €20,361 | +€10,497 | +106.4% |
| Furniture and vehicles | 24 | - | €23,827 | +€23,827 | |
| Current assets | 29/58 | €30,375 | €17,931 | -€12,444 | -41.0% |
| Stocks and contracts in progress | 3 | €117 | €225 | +€108 | +92.6% |
| Stocks | 30/36 | €117 | €225 | +€108 | +92.6% |
| Amounts receivable within one year | 40/41 | €613 | €1,636 | +€1,022 | +166.7% |
| Trade receivables | 40 | €613 | - | -€613 | |
| Other amounts receivable | 41 | - | €1,636 | +€1,636 | |
| Cash at bank and in hand | 54/58 | €26,460 | €2,181 | -€24,279 | -91.8% |
| Deferred charges and accrued income | 490/1 | €3,185 | €13,890 | +€10,704 | +336.0% |
| Total equity and liabilities | 10/49 | €512,742 | €497,415 | -€15,327 | -3.0% |
| Equity | 10/15 | €397,621 | €408,178 | +€10,557 | +2.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €36,300 | €96,850 | +€60,550 | +166.8% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €26,300 | €86,850 | +€60,550 | +230.2% |
| Profit (loss) carried forward | 14 | €261,321 | €211,328 | -€49,993 | -19.1% |
| Amounts payable | 17/49 | €115,121 | €89,237 | -€25,884 | -22.5% |
| Amounts payable after more than one year | 17 | €13,200 | - | -€13,200 | |
| Other amounts payable | 178/9 | €13,200 | - | -€13,200 | |
| Amounts payable within one year | 42/48 | €101,441 | €88,805 | -€12,636 | -12.5% |
| Trade debts | 44 | €30,436 | €9,528 | -€20,908 | -68.7% |
| Suppliers | 440/4 | €30,436 | €9,528 | -€20,908 | -68.7% |
| Taxes, remuneration and social security | 45 | €2,833 | €8,615 | +€5,782 | +204.1% |
| Taxes | 450/3 | €2,833 | €8,615 | +€5,782 | +204.1% |
| Other amounts payable | 47/48 | €68,172 | €70,661 | +€2,489 | +3.7% |
| Accrued charges and deferred income | 492/3 | €480 | €432 | -€48 | -10.0% |
| Non-recurring operating income | 76A | - | €2,980 | +€2,980 | |
| Remuneration, social security and pensions | 62 | €588 | €189 | -€399 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,092 | €46,863 | -€2,229 | -4.5% |
| Other operating charges | 640/8 | €6,606 | €9,234 | +€2,628 | +39.8% |
| Gross operating margin | 9900 | €85,818 | €123,507 | +€37,688 | +43.9% |
| Operating profit (loss) | 9901 | €29,532 | €67,221 | +€37,689 | +127.6% |
| Financial income | 75/76B | €48 | €35 | -€13 | -27.6% |
| Recurring financial income | 75 | €48 | €35 | -€13 | -27.6% |
| Financial charges | 65/66B | €423 | €450 | +€27 | +6.3% |
| Recurring financial charges | 65 | €423 | €450 | +€27 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €29,158 | €66,806 | +€37,649 | +129.1% |
| Income taxes | 67/77 | €2,784 | €6,249 | +€3,465 | +124.5% |
| Profit (loss) for the period | 9904 | €26,374 | €60,557 | +€34,183 | +129.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,374 | €60,557 | +€34,183 | +129.6% |
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 2 October 2026 via checked.be.