FEOL: 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.
FEOL
Largest movements
- Receivables within one year +€23,301
up €23,301 (+37.9%), from €61,517 to €84,818
of which Other amounts receivable: +€21,500
- Cash -€9,488
down €9,488 (-8.2%), from €115,913 to €106,425
mainly Receivables within one year (-€23,301) and Net result for the year (-€9,989)
- Tangible fixed assets -€4,772
down €4,772 (-23.1%), from €20,682 to €15,910
of which Furniture and vehicles: -€4,270
- Trade debts +€18,409
up €18,409 (+45.1%), from €40,793 to €59,202
of which Suppliers: +€18,409
- Profit (loss) carried forward -€9,989
down €9,989 (-13.2%), from €75,741 to €65,752
- Gross operating margin -€78,357
down €78,357 (-51.6%), from €151,794 to €73,437
- Taxes -€24,981
no longer reported in 2024 (was €24,981)
- Depreciation +€3,038
up €3,038 (+175%), from €1,734 to €4,772
- Staff costs -€2,557
down €2,557 (-3.2%), from €78,678 to €76,121
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 | €266,812 | €273,968 | +€7,156 | +2.7% |
| Fixed assets | 21/28 | €20,682 | €15,910 | -€4,772 | -23.1% |
| Tangible fixed assets | 22/27 | €20,682 | €15,910 | -€4,772 | -23.1% |
| Plant, machinery and equipment | 23 | €993 | €491 | -€502 | -50.5% |
| Furniture and vehicles | 24 | €19,689 | €15,419 | -€4,270 | -21.7% |
| Current assets | 29/58 | €246,130 | €258,058 | +€11,928 | +4.8% |
| Amounts receivable after more than one year | 29 | €23,879 | €22,793 | -€1,086 | -4.5% |
| Other amounts receivable | 291 | €23,879 | €22,793 | -€1,086 | -4.5% |
| Stocks and contracts in progress | 3 | €43,542 | €42,664 | -€878 | -2.0% |
| Stocks | 30/36 | €43,542 | €42,664 | -€878 | -2.0% |
| Amounts receivable within one year | 40/41 | €61,517 | €84,818 | +€23,301 | +37.9% |
| Trade receivables | 40 | €9,294 | €11,095 | +€1,801 | +19.4% |
| Other amounts receivable | 41 | €52,223 | €73,722 | +€21,500 | +41.2% |
| Cash at bank and in hand | 54/58 | €115,913 | €106,425 | -€9,488 | -8.2% |
| Deferred charges and accrued income | 490/1 | €1,279 | €1,358 | +€79 | +6.2% |
| Total equity and liabilities | 10/49 | €266,812 | €273,968 | +€7,156 | +2.7% |
| Equity | 10/15 | €193,976 | €183,987 | -€9,989 | -5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,635 | €99,635 | = | 0.0% |
| Distributable reserves | 133 | €99,635 | €99,635 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,741 | €65,752 | -€9,989 | -13.2% |
| Amounts payable | 17/49 | €72,836 | €89,980 | +€17,145 | +23.5% |
| Amounts payable within one year | 42/48 | €72,836 | €89,980 | +€17,145 | +23.5% |
| Trade debts | 44 | €40,793 | €59,202 | +€18,409 | +45.1% |
| Suppliers | 440/4 | €40,375 | €58,784 | +€18,409 | +45.6% |
| Bills of exchange payable | 441 | €418 | €418 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €28,326 | €29,264 | +€938 | +3.3% |
| Taxes | 450/3 | - | €2,316 | +€2,316 | |
| Remuneration and social security | 454/9 | €28,326 | €26,948 | -€1,378 | -4.9% |
| Other amounts payable | 47/48 | €3,717 | €1,515 | -€2,202 | -59.2% |
| Remuneration, social security and pensions | 62 | €78,678 | €76,121 | -€2,557 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,734 | €4,772 | +€3,038 | +175% |
| Other operating charges | 640/8 | €381 | €891 | +€510 | +134% |
| Gross operating margin | 9900 | €151,794 | €73,437 | -€78,357 | -51.6% |
| Operating profit (loss) | 9901 | €71,002 | -€8,346 | -€79,348 | |
| Financial charges | 65/66B | €1,947 | €1,642 | -€304 | -15.6% |
| Recurring financial charges | 65 | €1,947 | €1,642 | -€304 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €69,055 | -€9,989 | -€79,044 | |
| Income taxes | 67/77 | €24,981 | - | -€24,981 | |
| Profit (loss) for the period | 9904 | €44,074 | -€9,989 | -€54,063 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,074 | -€9,989 | -€54,063 |
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 15 October 2026 via checked.be.