EXPOSE: 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.
EXPOSE
Largest movements
- Cash +€47,417
up €47,417 (+12.3%), from €385,723 to €433,140
mainly Net result for the year (+€35,413) and Other debts (+€24,643)
- Receivables within one year -€11,116
down €11,116 (-41.7%), from €26,639 to €15,523
of which Trade receivables: -€12,168
- Tangible fixed assets -€10,890
down €10,890 (-11.5%), from €95,063 to €84,173
of which Land and buildings: -€13,530
- Other debts +€24,643
up €24,643 (+124.4%), from €19,814 to €44,457
- Financial income +€1,117
up €1,117 (+1893.7%), from €59 to €1,176
- Depreciation -€875
down €875 (-5.7%), from €15,242 to €14,367
- Taxes -€857
down €857 (-5.7%), from €15,127 to €14,270
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 | €507,425 | €532,837 | +€25,411 | +5.0% |
| Fixed assets | 21/28 | €95,063 | €84,173 | -€10,890 | -11.5% |
| Tangible fixed assets | 22/27 | €95,063 | €84,173 | -€10,890 | -11.5% |
| Land and buildings | 22 | €94,845 | €81,314 | -€13,530 | -14.3% |
| Plant, machinery and equipment | 23 | €218 | €2,859 | +€2,641 | +1208.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €412,362 | €448,663 | +€36,301 | +8.8% |
| Amounts receivable within one year | 40/41 | €26,639 | €15,523 | -€11,116 | -41.7% |
| Trade receivables | 40 | €25,200 | €13,032 | -€12,168 | -48.3% |
| Other amounts receivable | 41 | €1,439 | €2,491 | +€1,053 | +73.2% |
| Cash at bank and in hand | 54/58 | €385,723 | €433,140 | +€47,417 | +12.3% |
| Total equity and liabilities | 10/49 | €507,425 | €532,837 | +€25,411 | +5.0% |
| Equity | 10/15 | €478,950 | €479,817 | +€867 | +0.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €466,550 | €467,417 | +€867 | +0.2% |
| Distributable reserves | 133 | €466,550 | €467,417 | +€867 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,475 | €53,020 | +€24,545 | +86.2% |
| Amounts payable within one year | 42/48 | €28,475 | €53,020 | +€24,545 | +86.2% |
| Trade debts | 44 | €2,201 | €864 | -€1,337 | -60.7% |
| Suppliers | 440/4 | €2,201 | €864 | -€1,337 | -60.7% |
| Taxes, remuneration and social security | 45 | €6,460 | €7,699 | +€1,239 | +19.2% |
| Taxes | 450/3 | €6,460 | €7,699 | +€1,239 | +19.2% |
| Other amounts payable | 47/48 | €19,814 | €44,457 | +€24,643 | +124.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,242 | €14,367 | -€875 | -5.7% |
| Other operating charges | 640/8 | €3,419 | €4,006 | +€587 | +17.2% |
| Gross operating margin | 9900 | €66,703 | €67,016 | +€313 | +0.5% |
| Operating profit (loss) | 9901 | €48,042 | €48,643 | +€601 | +1.3% |
| Financial income | 75/76B | €59 | €1,176 | +€1,117 | +1893.7% |
| Recurring financial income | 75 | €59 | €1,176 | +€1,117 | +1893.7% |
| Financial charges | 65/66B | €135 | €136 | +€1 | +0.6% |
| Recurring financial charges | 65 | €135 | €136 | +€1 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €47,966 | €49,683 | +€1,717 | +3.6% |
| Income taxes | 67/77 | €15,127 | €14,270 | -€857 | -5.7% |
| Profit (loss) for the period | 9904 | €32,839 | €35,413 | +€2,574 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,839 | €35,413 | +€2,574 | +7.8% |
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.