F.B.: 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.
F.B.
Largest movements
- Receivables within one year +€301,504
up €301,504 (+323.3%), from €93,254 to €394,758
- Current investments -€173,880
down €173,880 (-22.0%), from €789,280 to €615,401
- Tangible fixed assets +€154,548
up €154,548 (+26.0%), from €594,083 to €748,631
of which Land and buildings: +€154,119
- Cash +€27,947
up €27,947 (+19.2%), from €145,550 to €173,497
mainly Debts after one year (+€251,362) and Current investments (+€173,880)
- Debts after one year +€251,362
up €251,362 (+73.3%), from €342,772 to €594,134
- Trade debts +€83,647
up €83,647 (+98.8%), from €84,704 to €168,352
- Tax, wage and social debts -€51,190
down €51,190 (-61.7%), from €82,997 to €31,807
of which Taxes: -€51,214
- Current portion of long-term debt +€23,146
up €23,146 (+79.9%), from €28,980 to €52,126
- Gross operating margin -€682,230
down €682,230 (-96.1%), from €710,216 to €27,986
- Taxes -€45,426
down €45,426 (-84.2%), from €53,945 to €8,519
- Financial income +€35,386
up €35,386 (+287.9%), from €12,291 to €47,678
- Depreciation -€21,995
down €21,995 (-40.1%), from €54,842 to €32,847
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 | €1,634,101 | €1,943,279 | +€309,178 | +18.9% |
| Fixed assets | 21/28 | €594,083 | €748,631 | +€154,548 | +26.0% |
| Tangible fixed assets | 22/27 | €594,083 | €748,631 | +€154,548 | +26.0% |
| Land and buildings | 22 | €592,243 | €746,362 | +€154,119 | +26.0% |
| Furniture and vehicles | 24 | €1,840 | €2,270 | +€430 | +23.3% |
| Current assets | 29/58 | €1,040,018 | €1,194,648 | +€154,630 | +14.9% |
| Stocks and contracts in progress | 3 | €2,382 | €2,382 | = | 0.0% |
| Stocks | 30/36 | €2,382 | €2,382 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €93,254 | €394,758 | +€301,504 | +323.3% |
| Other amounts receivable | 41 | €93,254 | €394,758 | +€301,504 | +323.3% |
| Current investments | 50/53 | €789,280 | €615,401 | -€173,880 | -22.0% |
| Cash at bank and in hand | 54/58 | €145,550 | €173,497 | +€27,947 | +19.2% |
| Deferred charges and accrued income | 490/1 | €9,551 | €8,610 | -€941 | -9.9% |
| Total equity and liabilities | 10/49 | €1,634,101 | €1,943,279 | +€309,178 | +18.9% |
| Equity | 10/15 | €961,966 | €981,033 | +€19,066 | +2.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €645,265 | €664,332 | +€19,066 | +3.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €353,071 | €339,804 | -€13,267 | -3.8% |
| Distributable reserves | 133 | €286,044 | €318,378 | +€32,334 | +11.3% |
| Profit (loss) carried forward | 14 | €255,201 | €255,201 | = | 0.0% |
| Provisions and deferred taxes | 16 | €117,690 | €113,268 | -€4,422 | -3.8% |
| Deferred taxes | 168 | €117,690 | €113,268 | -€4,422 | -3.8% |
| Amounts payable | 17/49 | €554,445 | €848,979 | +€294,534 | +53.1% |
| Amounts payable after more than one year | 17 | €342,772 | €594,134 | +€251,362 | +73.3% |
| Financial debts | 170/4 | €342,772 | €594,134 | +€251,362 | +73.3% |
| Amounts payable within one year | 42/48 | €211,673 | €254,845 | +€43,172 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €28,980 | €52,126 | +€23,146 | +79.9% |
| Financial debts | 43 | €10,000 | €2,560 | -€7,440 | -74.4% |
| Credit institutions | 430/8 | €10,000 | €2,560 | -€7,440 | -74.4% |
| Trade debts | 44 | €84,704 | €168,352 | +€83,647 | +98.8% |
| Suppliers | 440/4 | €84,704 | €168,352 | +€83,647 | +98.8% |
| Taxes, remuneration and social security | 45 | €82,997 | €31,807 | -€51,190 | -61.7% |
| Taxes | 450/3 | €80,721 | €29,507 | -€51,214 | -63.4% |
| Remuneration and social security | 454/9 | €2,276 | €2,300 | +€24 | +1.1% |
| Other amounts payable | 47/48 | €4,991 | €0 | -€4,991 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €526,967 | €9,772 | -€517,195 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,842 | €32,847 | -€21,995 | -40.1% |
| Other operating charges | 640/8 | €3,229 | €1,875 | -€1,354 | -41.9% |
| Non-recurring operating charges | 66A | €0 | €90 | +€90 | |
| Gross operating margin | 9900 | €710,216 | €27,986 | -€682,230 | -96.1% |
| Operating profit (loss) | 9901 | €652,144 | -€6,827 | -€658,971 | |
| Financial income | 75/76B | €12,291 | €47,678 | +€35,386 | +287.9% |
| Recurring financial income | 75 | €12,291 | €47,678 | +€35,386 | +287.9% |
| Financial charges | 65/66B | €20,086 | €17,688 | -€2,398 | -11.9% |
| Recurring financial charges | 65 | €20,086 | €17,688 | -€2,398 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €644,350 | €23,163 | -€621,187 | -96.4% |
| Transfer from deferred taxes | 780 | €9,743 | €4,422 | -€5,320 | -54.6% |
| Transfer to deferred taxes | 680 | €127,433 | €0 | -€127,433 | -100.0% |
| Income taxes | 67/77 | €53,945 | €8,519 | -€45,426 | -84.2% |
| Profit (loss) for the period | 9904 | €472,715 | €19,066 | -€453,648 | -96.0% |
| Transfer from tax-exempt reserves | 789 | €29,228 | €13,267 | -€15,960 | -54.6% |
| Transfer to tax-exempt reserves | 689 | €382,299 | €0 | -€382,299 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €119,644 | €32,334 | -€87,310 | -73.0% |
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.