FACTORY 24: 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.
FACTORY 24
Largest movements
- Receivables within one year +€185,453
up €185,453 (+1384.6%), from €13,394 to €198,846
of which Trade receivables: +€190,985
- Cash +€22,235
up €22,235 (+416.3%), from €5,341 to €27,576
mainly Trade debts (+€189,703) and Tax, wage and social debts (+€41,254)
- Deferred charges and accrued income -€5,500
down €5,500 (-100.0%), from €5,500 to €0
- Tangible fixed assets +€4,006
new in 2024: €4,006
of which Land and buildings: +€3,042
- Trade debts +€189,703
up €189,703 (+694.0%), from €27,335 to €217,038
- Tax, wage and social debts +€41,254
up €41,254 (+681.3%), from €6,056 to €47,310
of which Remuneration and social security: +€35,661
- Profit (loss) carried forward -€20,464
down €20,464 (-120.4%), from -€16,990 to -€37,454
- Short-term financial debts -€2,555
down €2,555 (-100.0%), from €2,555 to €0
- Turnover +€179,224
new in 2024: €179,224
- Gross operating margin +€95,252
up €95,252 (+13085.2%), from €728 to €95,980
- Staff costs +€94,908
up €94,908 (+608.2%), from €15,605 to €110,513
- Purchases and services +€54,009
up €54,009 (+184.7%), from €29,235 to €83,244
- Other operating charges +€5,806
up €5,806 (+275.5%), from €2,108 to €7,914
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 | €26,835 | €233,029 | +€206,194 | +768.4% |
| Fixed assets | 21/28 | €2,600 | €6,606 | +€4,006 | +154.1% |
| Tangible fixed assets | 22/27 | - | €4,006 | +€4,006 | |
| Land and buildings | 22 | - | €3,042 | +€3,042 | |
| Furniture and vehicles | 24 | - | €964 | +€964 | |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €24,235 | €226,423 | +€202,188 | +834.3% |
| Amounts receivable within one year | 40/41 | €13,394 | €198,846 | +€185,453 | +1384.6% |
| Trade receivables | 40 | €6,682 | €197,667 | +€190,985 | +2858.0% |
| Other amounts receivable | 41 | €6,711 | €1,179 | -€5,532 | -82.4% |
| Cash at bank and in hand | 54/58 | €5,341 | €27,576 | +€22,235 | +416.3% |
| Deferred charges and accrued income | 490/1 | €5,500 | €0 | -€5,500 | -100.0% |
| Total equity and liabilities | 10/49 | €26,835 | €233,029 | +€206,194 | +768.4% |
| Equity | 10/15 | -€12,990 | -€33,454 | -€20,464 | -157.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,990 | -€37,454 | -€20,464 | -120.4% |
| Amounts payable | 17/49 | €39,825 | €266,483 | +€226,658 | +569.1% |
| Amounts payable within one year | 42/48 | €39,825 | €266,483 | +€226,658 | +569.1% |
| Financial debts | 43 | €2,555 | €0 | -€2,555 | -100.0% |
| Credit institutions | 430/8 | €2,555 | €0 | -€2,555 | -100.0% |
| Trade debts | 44 | €27,335 | €217,038 | +€189,703 | +694.0% |
| Suppliers | 440/4 | €27,335 | €217,038 | +€189,703 | +694.0% |
| Taxes, remuneration and social security | 45 | €6,056 | €47,310 | +€41,254 | +681.3% |
| Taxes | 450/3 | €1,008 | €6,601 | +€5,594 | +555.1% |
| Remuneration and social security | 454/9 | €5,048 | €40,709 | +€35,661 | +706.4% |
| Other amounts payable | 47/48 | €3,879 | €2,134 | -€1,744 | -45.0% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | - | €179,224 | +€179,224 | |
| Goods, raw materials, services and sundry goods | 60/61 | €29,235 | €83,244 | +€54,009 | +184.7% |
| Remuneration, social security and pensions | 62 | €15,605 | €110,513 | +€94,908 | +608.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €393 | +€393 | |
| Other operating charges | 640/8 | €2,108 | €7,914 | +€5,806 | +275.5% |
| Gross operating margin | 9900 | €728 | €95,980 | +€95,252 | +13085.2% |
| Operating profit (loss) | 9901 | -€16,985 | -€22,840 | -€5,856 | -34.5% |
| Financial income | 75/76B | - | €2,603 | +€2,603 | |
| Recurring financial income | 75 | - | €0 | = | |
| Non-recurring financial income | 76B | - | €2,603 | +€2,603 | |
| Financial charges | 65/66B | €5 | €227 | +€221 | +4291.9% |
| Recurring financial charges | 65 | €5 | €227 | +€221 | +4291.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,990 | -€20,464 | -€3,474 | -20.4% |
| Profit (loss) for the period | 9904 | -€16,990 | -€20,464 | -€3,474 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,990 | -€20,464 | -€3,474 | -20.4% |
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.