F. SIERRA: what changed
Two financial 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. SIERRA
Largest movements
- Cash +€309,709
up €309,709 (+63.3%), from €489,421 to €799,131
mainly Net result for the year (+€185,083) and Receivables within one year (+€93,182)
- Receivables within one year -€93,182
down €93,182 (-32.0%), from €291,240 to €198,058
of which Trade receivables: -€117,616
- Tangible fixed assets -€25,114
down €25,114 (-61.9%), from €40,572 to €15,458
of which Furniture and vehicles: -€24,586
- Profit (loss) carried forward +€185,083
up €185,083 (+27.5%), from €672,647 to €857,730
- Tax, wage and social debts +€69,026
up €69,026 (+1,589%), from €4,345 to €73,371
of which Taxes: +€70,834
- Trade debts -€61,749
down €61,749 (-50.7%), from €121,888 to €60,139
- Gross operating margin +€114,454
up €114,454 (+40.3%), from €283,705 to €398,158
- Taxes +€50,561
up €50,561 (+236%), from €21,461 to €72,022
- Staff costs -€24,359
down €24,359 (-15.6%), from €156,288 to €131,930
- Depreciation -€11,813
down €11,813 (-60.8%), from €19,417 to €7,604
- Other operating charges -€4,840
down €4,840 (-52.4%), from €9,243 to €4,403
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.
Derived cash bridge
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 | €930,630 | €1,115,268 | +€184,638 | +19.8% |
| Fixed assets | 21/28 | €40,572 | €15,458 | -€25,114 | -61.9% |
| Tangible fixed assets | 22/27 | €40,572 | €15,458 | -€25,114 | -61.9% |
| Plant, machinery and equipment | 23 | €1,080 | €552 | -€528 | -48.9% |
| Furniture and vehicles | 24 | €39,492 | €14,906 | -€24,586 | -62.3% |
| Current assets | 29/58 | €890,058 | €1,099,810 | +€209,752 | +23.6% |
| Amounts receivable within one year | 40/41 | €291,240 | €198,058 | -€93,182 | -32.0% |
| Trade receivables | 40 | €223,003 | €105,388 | -€117,616 | -52.7% |
| Other amounts receivable | 41 | €68,237 | €92,670 | +€24,433 | +35.8% |
| Current investments | 50/53 | €100,800 | €100,800 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €489,421 | €799,131 | +€309,709 | +63.3% |
| Deferred charges and accrued income | 490/1 | €8,596 | €1,821 | -€6,775 | -78.8% |
| Total equity and liabilities | 10/49 | €930,630 | €1,115,268 | +€184,638 | +19.8% |
| Equity | 10/15 | €793,107 | €978,190 | +€185,083 | +23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €101,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €672,647 | €857,730 | +€185,083 | +27.5% |
| Amounts payable | 17/49 | €137,523 | €137,078 | -€445 | -0.3% |
| Amounts payable after more than one year | 17 | €3,569 | - | -€3,569 | |
| Financial debts | 170/4 | €3,569 | - | -€3,569 | |
| Amounts payable within one year | 42/48 | €133,323 | €137,078 | +€3,755 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €7,091 | €3,569 | -€3,522 | -49.7% |
| Trade debts | 44 | €121,888 | €60,139 | -€61,749 | -50.7% |
| Suppliers | 440/4 | €121,888 | €60,139 | -€61,749 | -50.7% |
| Taxes, remuneration and social security | 45 | €4,345 | €73,371 | +€69,026 | +1,589% |
| Taxes | 450/3 | - | €70,834 | +€70,834 | |
| Remuneration and social security | 454/9 | €4,345 | €2,537 | -€1,808 | -41.6% |
| Accrued charges and deferred income | 492/3 | €631 | - | -€631 | |
| Non-recurring operating income | 76A | €2,457 | €6,316 | +€3,859 | +157% |
| Remuneration, social security and pensions | 62 | €156,288 | €131,930 | -€24,359 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,417 | €7,604 | -€11,813 | -60.8% |
| Other operating charges | 640/8 | €9,243 | €4,403 | -€4,840 | -52.4% |
| Non-recurring operating charges | 66A | €112 | €22 | -€89 | -79.9% |
| Gross operating margin | 9900 | €283,705 | €398,158 | +€114,454 | +40.3% |
| Operating profit (loss) | 9901 | €98,645 | €254,199 | +€155,554 | +158% |
| Financial income | 75/76B | - | €4,120 | +€4,120 | |
| Recurring financial income | 75 | - | €4,120 | +€4,120 | |
| Financial charges | 65/66B | €1,063 | €1,214 | +€151 | +14.2% |
| Recurring financial charges | 65 | €1,063 | €1,214 | +€151 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €97,582 | €257,106 | +€159,524 | +163% |
| Income taxes | 67/77 | €21,461 | €72,022 | +€50,561 | +236% |
| Profit (loss) for the period | 9904 | €76,120 | €185,083 | +€108,963 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €76,120 | €185,083 | +€108,963 | +143% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.