FAST COPY: 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.
FAST COPY
Largest movements
- Tangible fixed assets -€69,073
down €69,073 (-22.9%), from €302,229 to €233,156
of which Plant, machinery and equipment: -€44,048
- Receivables within one year +€25,449
up €25,449 (+8.0%), from €317,218 to €342,667
of which Trade receivables: +€27,457
- Debts after one year -€47,905
down €47,905 (-35.6%), from €134,614 to €86,709
- Trade debts -€33,015
down €33,015 (-11.8%), from €280,547 to €247,532
- Reserves +€26,400
up €26,400 (+16.5%), from €159,659 to €186,059
of which Distributable reserves: +€26,400
- Tax, wage and social debts -€23,377
down €23,377 (-37.4%), from €62,481 to €39,104
of which Remuneration and social security: -€19,593
- Other debts +€19,676
new in 2024: €19,676
- Gross operating margin +€63,610
up €63,610 (+24.5%), from €260,040 to €323,650
- Staff costs -€52,305
down €52,305 (-20.0%), from €261,280 to €208,975
- Depreciation +€11,289
up €11,289 (+19.0%), from €59,342 to €70,631
- Financial income -€5,568
down €5,568 (-71.6%), from €7,775 to €2,207
- Write-downs -€3,409
no longer reported in 2024 (was €3,409)
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 | €749,474 | €690,568 | -€58,906 | -7.9% |
| Fixed assets | 21/28 | €319,289 | €248,658 | -€70,631 | -22.1% |
| Intangible fixed assets | 21 | €5,434 | €3,876 | -€1,558 | -28.7% |
| Tangible fixed assets | 22/27 | €302,229 | €233,156 | -€69,073 | -22.9% |
| Plant, machinery and equipment | 23 | €188,486 | €144,438 | -€44,048 | -23.4% |
| Furniture and vehicles | 24 | €5,576 | €4,152 | -€1,424 | -25.5% |
| Leasing and similar rights | 25 | €108,167 | €84,566 | -€23,601 | -21.8% |
| Financial fixed assets | 28 | €11,626 | €11,626 | -€0 | 0.0% |
| Current assets | 29/58 | €430,185 | €441,910 | +€11,725 | +2.7% |
| Stocks and contracts in progress | 3 | €81,064 | €75,862 | -€5,202 | -6.4% |
| Stocks | 30/36 | €81,064 | €75,862 | -€5,202 | -6.4% |
| Amounts receivable within one year | 40/41 | €317,218 | €342,667 | +€25,449 | +8.0% |
| Trade receivables | 40 | €201,520 | €228,977 | +€27,457 | +13.6% |
| Other amounts receivable | 41 | €115,699 | €113,690 | -€2,009 | -1.7% |
| Current investments | 50/53 | €645 | €645 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €29,160 | €22,736 | -€6,424 | -22.0% |
| Deferred charges and accrued income | 490/1 | €2,098 | - | -€2,098 | |
| Total equity and liabilities | 10/49 | €749,474 | €690,568 | -€58,906 | -7.9% |
| Equity | 10/15 | €221,543 | €247,942 | +€26,399 | +11.9% |
| 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 | €159,659 | €186,059 | +€26,400 | +16.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €153,509 | €179,909 | +€26,400 | +17.2% |
| Profit (loss) carried forward | 14 | €383 | €383 | -€0 | 0.0% |
| Amounts payable | 17/49 | €527,931 | €442,626 | -€85,305 | -16.2% |
| Amounts payable after more than one year | 17 | €134,614 | €86,709 | -€47,905 | -35.6% |
| Financial debts | 170/4 | €134,614 | €86,709 | -€47,905 | -35.6% |
| Amounts payable within one year | 42/48 | €391,617 | €354,217 | -€37,400 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €48,588 | €47,905 | -€683 | -1.4% |
| Trade debts | 44 | €280,547 | €247,532 | -€33,015 | -11.8% |
| Suppliers | 440/4 | €280,547 | €247,532 | -€33,015 | -11.8% |
| Taxes, remuneration and social security | 45 | €62,481 | €39,104 | -€23,377 | -37.4% |
| Taxes | 450/3 | €16,369 | €12,585 | -€3,784 | -23.1% |
| Remuneration and social security | 454/9 | €46,112 | €26,519 | -€19,593 | -42.5% |
| Other amounts payable | 47/48 | - | €19,676 | +€19,676 | |
| Accrued charges and deferred income | 492/3 | €1,700 | €1,700 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €261,280 | €208,975 | -€52,305 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,342 | €70,631 | +€11,289 | +19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,409 | - | -€3,409 | |
| Other operating charges | 640/8 | €8,643 | €10,700 | +€2,057 | +23.8% |
| Non-recurring operating charges | 66A | €7,421 | - | -€7,421 | |
| Gross operating margin | 9900 | €260,040 | €323,650 | +€63,610 | +24.5% |
| Operating profit (loss) | 9901 | -€80,054 | €33,344 | +€113,398 | |
| Financial income | 75/76B | €7,775 | €2,207 | -€5,568 | -71.6% |
| Recurring financial income | 75 | €7,775 | €2,207 | -€5,568 | -71.6% |
| Financial charges | 65/66B | €7,925 | €9,152 | +€1,227 | +15.5% |
| Recurring financial charges | 65 | €7,925 | €9,152 | +€1,227 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | -€80,204 | €26,399 | +€106,603 | |
| Income taxes | 67/77 | -€147 | - | +€147 | |
| Profit (loss) for the period | 9904 | -€80,057 | €26,399 | +€106,456 | |
| Profit (loss) for the period to be appropriated | 9905 | -€80,057 | €26,399 | +€106,456 |
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 12 October 2026 via checked.be.