EPS: 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.
EPS
Largest movements
- Stocks and contracts +€32,043
up €32,043 (+231.9%), from €13,820 to €45,863
- Cash -€31,679
down €31,679 (-41.2%), from €76,944 to €45,266
mainly Stocks and contracts (-€32,043) and Investment in fixed assets (net) (-€17,821)
- Tangible fixed assets +€13,082
up €13,082 (+177.7%), from €7,361 to €20,444
of which Land and buildings: +€12,241
- Receivables within one year +€2,814
up €2,814 (+11255.0%), from €25 to €2,839
of which Other amounts receivable: +€2,708
- Reserves +€19,267
up €19,267 (+29.3%), from €65,858 to €85,125
- Trade debts -€2,187
down €2,187 (-52.6%), from €4,161 to €1,974
- Gross operating margin -€13,480
down €13,480 (-29.6%), from €45,562 to €32,082
- Depreciation -€2,937
down €2,937 (-38.3%), from €7,675 to €4,738
- Financial charges +€2,919
up €2,919 (+38206.5%), from €8 to €2,927
- Taxes -€1,899
down €1,899 (-28.1%), from €6,751 to €4,852
- Other operating charges -€1,290
down €1,290 (-77.0%), from €1,675 to €385
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 | €99,534 | €116,291 | +€16,757 | +16.8% |
| Fixed assets | 21/28 | €7,511 | €20,594 | +€13,082 | +174.2% |
| Tangible fixed assets | 22/27 | €7,361 | €20,444 | +€13,082 | +177.7% |
| Land and buildings | 22 | - | €12,241 | +€12,241 | |
| Plant, machinery and equipment | 23 | €7,164 | €8,202 | +€1,038 | +14.5% |
| Furniture and vehicles | 24 | €197 | €0 | -€197 | -100.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €92,023 | €95,697 | +€3,674 | +4.0% |
| Stocks and contracts in progress | 3 | €13,820 | €45,863 | +€32,043 | +231.9% |
| Stocks | 30/36 | €13,820 | €45,863 | +€32,043 | +231.9% |
| Amounts receivable within one year | 40/41 | €25 | €2,839 | +€2,814 | +11255.0% |
| Trade receivables | 40 | €25 | €131 | +€106 | +425.0% |
| Other amounts receivable | 41 | - | €2,708 | +€2,708 | |
| Cash at bank and in hand | 54/58 | €76,944 | €45,266 | -€31,679 | -41.2% |
| Deferred charges and accrued income | 490/1 | €1,234 | €1,730 | +€496 | +40.2% |
| Total equity and liabilities | 10/49 | €99,534 | €116,291 | +€16,757 | +16.8% |
| Equity | 10/15 | €84,458 | €103,725 | +€19,267 | +22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,858 | €85,125 | +€19,267 | +29.3% |
| Distributable reserves | 133 | €65,858 | €85,125 | +€19,267 | +29.3% |
| Amounts payable | 17/49 | €15,076 | €12,566 | -€2,510 | -16.7% |
| Amounts payable within one year | 42/48 | €15,076 | €12,566 | -€2,510 | -16.7% |
| Financial debts | 43 | - | €24 | +€24 | |
| Credit institutions | 430/8 | - | €24 | +€24 | |
| Trade debts | 44 | €4,161 | €1,974 | -€2,187 | -52.6% |
| Suppliers | 440/4 | €4,161 | €1,974 | -€2,187 | -52.6% |
| Advances received on contracts in progress | 46 | €900 | €900 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,997 | €9,040 | -€956 | -9.6% |
| Taxes | 450/3 | €9,997 | €9,040 | -€956 | -9.6% |
| Other amounts payable | 47/48 | €19 | €628 | +€609 | +3259.3% |
| Non-recurring operating income | 76A | €16,529 | €0 | -€16,529 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,675 | €4,738 | -€2,937 | -38.3% |
| Other operating charges | 640/8 | €1,675 | €385 | -€1,290 | -77.0% |
| Gross operating margin | 9900 | €45,562 | €32,082 | -€13,480 | -29.6% |
| Operating profit (loss) | 9901 | €36,212 | €26,959 | -€9,253 | -25.6% |
| Financial income | 75/76B | €3 | €87 | +€84 | +2679.5% |
| Recurring financial income | 75 | €3 | €87 | +€84 | +2679.5% |
| Financial charges | 65/66B | €8 | €2,927 | +€2,919 | +38206.5% |
| Recurring financial charges | 65 | €8 | €2,927 | +€2,919 | +38206.5% |
| Profit (loss) for the period before taxes | 9903 | €36,208 | €24,119 | -€12,089 | -33.4% |
| Income taxes | 67/77 | €6,751 | €4,852 | -€1,899 | -28.1% |
| Profit (loss) for the period | 9904 | €29,457 | €19,267 | -€10,190 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,457 | €19,267 | -€10,190 | -34.6% |
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 8 October 2026 via checked.be.