FACADE CONCEPT: 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.
FACADE CONCEPT
Largest movements
- Receivables within one year +€80,562
up €80,562 (+14.7%), from €546,452 to €627,014
of which Trade receivables: +€122,492
- Cash +€37,261
up €37,261 (+14.2%), from €261,947 to €299,208
mainly Net result for the year (+€192,878) and Depreciation (+€40,808)
- Stocks and contracts +€22,651
up €22,651 (+15.4%), from €146,725 to €169,376
- Deferred charges and accrued income +€16,106
up €16,106 (+124.6%), from €12,925 to €29,031
- Reserves +€192,878
up €192,878 (+36.7%), from €524,854 to €717,731
- Trade debts -€58,323
down €58,323 (-15.9%), from €367,039 to €308,716
- Tax, wage and social debts +€28,826
up €28,826 (+12.8%), from €225,251 to €254,077
of which Taxes: +€20,544
- Gross operating margin +€298,077
up €298,077 (+38.0%), from €784,908 to €1.1m
- Staff costs +€167,774
up €167,774 (+31.1%), from €540,320 to €708,093
- Financial income -€37,990
down €37,990 (-87.2%), from €43,550 to €5,560
- Taxes +€31,449
up €31,449 (+34.1%), from €92,288 to €123,737
- Depreciation +€11,920
up €11,920 (+41.3%), from €28,888 to €40,808
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 | €1,208,669 | €1,371,947 | +€163,278 | +13.5% |
| Fixed assets | 21/28 | €182,501 | €189,198 | +€6,697 | +3.7% |
| Tangible fixed assets | 22/27 | €137,409 | €141,569 | +€4,159 | +3.0% |
| Plant, machinery and equipment | 23 | €108,517 | €117,785 | +€9,269 | +8.5% |
| Furniture and vehicles | 24 | €28,893 | €23,783 | -€5,109 | -17.7% |
| Financial fixed assets | 28 | €45,091 | €47,629 | +€2,538 | +5.6% |
| Current assets | 29/58 | €1,026,169 | €1,182,749 | +€156,581 | +15.3% |
| Amounts receivable after more than one year | 29 | €58,120 | €58,120 | = | 0.0% |
| Other amounts receivable | 291 | €58,120 | €58,120 | = | 0.0% |
| Stocks and contracts in progress | 3 | €146,725 | €169,376 | +€22,651 | +15.4% |
| Stocks | 30/36 | €146,725 | €169,376 | +€22,651 | +15.4% |
| Amounts receivable within one year | 40/41 | €546,452 | €627,014 | +€80,562 | +14.7% |
| Trade receivables | 40 | €429,810 | €552,302 | +€122,492 | +28.5% |
| Other amounts receivable | 41 | €116,642 | €74,712 | -€41,930 | -35.9% |
| Cash at bank and in hand | 54/58 | €261,947 | €299,208 | +€37,261 | +14.2% |
| Deferred charges and accrued income | 490/1 | €12,925 | €29,031 | +€16,106 | +124.6% |
| Total equity and liabilities | 10/49 | €1,208,669 | €1,371,947 | +€163,278 | +13.5% |
| Equity | 10/15 | €613,454 | €806,331 | +€192,878 | +31.4% |
| Contributions | 10/11 | €88,600 | €88,600 | = | 0.0% |
| Reserves | 13 | €524,854 | €717,731 | +€192,878 | +36.7% |
| Distributable reserves | 133 | €524,854 | €717,731 | +€192,878 | +36.7% |
| Amounts payable | 17/49 | €595,215 | €565,616 | -€29,599 | -5.0% |
| Amounts payable within one year | 42/48 | €592,290 | €562,793 | -€29,496 | -5.0% |
| Trade debts | 44 | €367,039 | €308,716 | -€58,323 | -15.9% |
| Suppliers | 440/4 | €367,039 | €308,716 | -€58,323 | -15.9% |
| Taxes, remuneration and social security | 45 | €225,251 | €254,077 | +€28,826 | +12.8% |
| Taxes | 450/3 | €198,146 | €218,690 | +€20,544 | +10.4% |
| Remuneration and social security | 454/9 | €27,105 | €35,387 | +€8,282 | +30.6% |
| Accrued charges and deferred income | 492/3 | €2,926 | €2,823 | -€103 | -3.5% |
| Remuneration, social security and pensions | 62 | €540,320 | €708,093 | +€167,774 | +31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,888 | €40,808 | +€11,920 | +41.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,292 | - | -€10,292 | |
| Other operating charges | 640/8 | €6,736 | €9,024 | +€2,289 | +34.0% |
| Gross operating margin | 9900 | €784,908 | €1,082,985 | +€298,077 | +38.0% |
| Operating profit (loss) | 9901 | €198,673 | €325,059 | +€126,387 | +63.6% |
| Financial income | 75/76B | €43,550 | €5,560 | -€37,990 | -87.2% |
| Recurring financial income | 75 | €43,550 | €5,560 | -€37,990 | -87.2% |
| Financial charges | 65/66B | €9,631 | €14,004 | +€4,373 | +45.4% |
| Recurring financial charges | 65 | €9,631 | €14,004 | +€4,373 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | €232,591 | €316,614 | +€84,023 | +36.1% |
| Income taxes | 67/77 | €92,288 | €123,737 | +€31,449 | +34.1% |
| Profit (loss) for the period | 9904 | €140,303 | €192,878 | +€52,574 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €140,303 | €192,878 | +€52,574 | +37.5% |
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 7 October 2026 via checked.be.