EXIST: 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.
EXIST
Largest movements
- Tangible fixed assets -€16,694
down €16,694 (-13.1%), from €127,114 to €110,419
of which Land and buildings: -€13,459
- Cash +€14,008
up €14,008 (+63.3%), from €22,118 to €36,126
mainly Depreciation (+€17,437) and Net result for the year (+€6,062)
- Reserves +€6,062
up €6,062 (+6.1%), from €99,945 to €106,006
of which Distributable reserves: +€6,062
- Current portion of long-term debt -€5,209
down €5,209 (-51.1%), from €10,187 to €4,978
- Debts after one year -€4,978
down €4,978 (-12.5%), from €39,891 to €34,913
- Gross operating margin +€22,124
up €22,124 (+304.1%), from €7,274 to €29,398
- Depreciation -€837
down €837 (-4.6%), from €18,274 to €17,437
- Taxes +€607
up €607 (+352.4%), from €172 to €780
- Other operating charges -€509
down €509 (-20.0%), from €2,540 to €2,031
- Staff costs +€360
up €360 (+46.0%), from €783 to €1,144
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 | €166,102 | €162,887 | -€3,215 | -1.9% |
| Fixed assets | 21/28 | €127,114 | €110,419 | -€16,694 | -13.1% |
| Tangible fixed assets | 22/27 | €127,114 | €110,419 | -€16,694 | -13.1% |
| Land and buildings | 22 | €119,557 | €106,099 | -€13,459 | -11.3% |
| Plant, machinery and equipment | 23 | €3,435 | €2,259 | -€1,177 | -34.2% |
| Furniture and vehicles | 24 | €466 | €294 | -€172 | -36.9% |
| Other tangible fixed assets | 26 | €3,655 | €1,768 | -€1,887 | -51.6% |
| Current assets | 29/58 | €38,989 | €52,468 | +€13,479 | +34.6% |
| Amounts receivable within one year | 40/41 | €15,616 | €14,207 | -€1,409 | -9.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €15,616 | €14,207 | -€1,409 | -9.0% |
| Current investments | 50/53 | €60 | €60 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,118 | €36,126 | +€14,008 | +63.3% |
| Deferred charges and accrued income | 490/1 | €1,194 | €2,074 | +€880 | +73.7% |
| Total equity and liabilities | 10/49 | €166,102 | €162,887 | -€3,215 | -1.9% |
| Equity | 10/15 | €112,345 | €118,406 | +€6,062 | +5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €99,945 | €106,006 | +€6,062 | +6.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €99,945 | €106,006 | +€6,062 | +6.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,758 | €44,481 | -€9,277 | -17.3% |
| Amounts payable after more than one year | 17 | €39,891 | €34,913 | -€4,978 | -12.5% |
| Financial debts | 170/4 | €39,891 | €34,913 | -€4,978 | -12.5% |
| Amounts payable within one year | 42/48 | €13,866 | €9,077 | -€4,789 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €10,187 | €4,978 | -€5,209 | -51.1% |
| Trade debts | 44 | €2,063 | €2,406 | +€342 | +16.6% |
| Suppliers | 440/4 | €2,063 | €2,406 | +€342 | +16.6% |
| Taxes, remuneration and social security | 45 | €1,616 | €1,694 | +€78 | +4.8% |
| Taxes | 450/3 | €1,616 | €1,694 | +€78 | +4.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €490 | +€490 | |
| Remuneration, social security and pensions | 62 | €783 | €1,144 | +€360 | +46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,274 | €17,437 | -€837 | -4.6% |
| Other operating charges | 640/8 | €2,540 | €2,031 | -€509 | -20.0% |
| Gross operating margin | 9900 | €7,274 | €29,398 | +€22,124 | +304.1% |
| Operating profit (loss) | 9901 | -€14,323 | €8,786 | +€23,109 | |
| Financial income | 75/76B | €27 | €40 | +€12 | +45.5% |
| Recurring financial income | 75 | €27 | €40 | +€12 | +45.5% |
| Financial charges | 65/66B | €1,741 | €1,984 | +€243 | +13.9% |
| Recurring financial charges | 65 | €1,741 | €1,984 | +€243 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,037 | €6,841 | +€22,879 | |
| Income taxes | 67/77 | €172 | €780 | +€607 | +352.4% |
| Profit (loss) for the period | 9904 | -€16,210 | €6,062 | +€22,271 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,210 | €6,062 | +€22,271 |
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.