@fie: 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.
@fie
Largest movements
- Tangible fixed assets -€22,989
down €22,989 (-1.2%), from €1.9m to €1.8m
of which Land and buildings: -€15,055
- Other debts -€140,972
down €140,972 (-77.9%), from €180,972 to €40,000
- Reserves +€127,770
up €127,770 (+20.6%), from €621,289 to €749,058
of which Distributable reserves: +€130,000
- Tax, wage and social debts -€50,079
down €50,079 (-33.4%), from €149,987 to €99,909
- Debts after one year +€49,738
up €49,738 (+5.3%), from €937,829 to €987,567
- Current portion of long-term debt +€22,836
up €22,836 (+11.7%), from €194,697 to €217,533
- Gross operating margin +€85,934
up €85,934 (+35.9%), from €239,634 to €325,568
- Taxes +€44,008
up €44,008 (+116.5%), from €37,777 to €81,785
- Financial charges +€17,548
up €17,548 (+56.1%), from €31,257 to €48,804
- Financial income -€14,990
down €14,990 (-37.5%), from €40,007 to €25,017
- Other operating charges +€6,588
up €6,588 (+51.5%), from €12,793 to €19,381
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 | €2,229,833 | €2,208,338 | -€21,495 | -1.0% |
| Fixed assets | 21/28 | €2,198,847 | €2,175,858 | -€22,989 | -1.0% |
| Tangible fixed assets | 22/27 | €1,868,007 | €1,845,018 | -€22,989 | -1.2% |
| Land and buildings | 22 | €1,848,957 | €1,833,902 | -€15,055 | -0.8% |
| Plant, machinery and equipment | 23 | €2,100 | €1,050 | -€1,050 | -50.0% |
| Furniture and vehicles | 24 | €16,950 | €10,066 | -€6,884 | -40.6% |
| Financial fixed assets | 28 | €330,840 | €330,840 | = | 0.0% |
| Current assets | 29/58 | €30,986 | €32,479 | +€1,494 | +4.8% |
| Amounts receivable within one year | 40/41 | €673 | €588 | -€85 | -12.6% |
| Trade receivables | 40 | €75 | €0 | -€75 | -100.0% |
| Other amounts receivable | 41 | €598 | €588 | -€10 | -1.7% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,442 | €27,887 | +€6,445 | +30.1% |
| Deferred charges and accrued income | 490/1 | €8,621 | €3,754 | -€4,867 | -56.5% |
| Total equity and liabilities | 10/49 | €2,229,833 | €2,208,338 | -€21,495 | -1.0% |
| Equity | 10/15 | €673,428 | €782,803 | +€109,375 | +16.2% |
| Reserves | 13 | €621,289 | €749,058 | +€127,770 | +20.6% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,289 | €57,058 | -€2,230 | -3.8% |
| Distributable reserves | 133 | €556,000 | €686,000 | +€130,000 | +23.4% |
| Profit (loss) carried forward | 14 | €52,139 | €33,744 | -€18,395 | -35.3% |
| Provisions and deferred taxes | 16 | €81,635 | €80,486 | -€1,149 | -1.4% |
| Provisions for liabilities and charges | 160/5 | €60,962 | €60,962 | = | 0.0% |
| Pensions and similar obligations | 160 | €60,962 | €60,962 | = | 0.0% |
| Deferred taxes | 168 | €20,673 | €19,525 | -€1,149 | -5.6% |
| Amounts payable | 17/49 | €1,474,770 | €1,345,049 | -€129,721 | -8.8% |
| Amounts payable after more than one year | 17 | €937,829 | €987,567 | +€49,738 | +5.3% |
| Financial debts | 170/4 | €937,829 | €987,567 | +€49,738 | +5.3% |
| Amounts payable within one year | 42/48 | €536,941 | €357,482 | -€179,459 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €194,697 | €217,533 | +€22,836 | +11.7% |
| Financial debts | 43 | €57 | €40 | -€17 | -29.8% |
| Credit institutions | 430/8 | €57 | €40 | -€17 | -29.8% |
| Trade debts | 44 | €11,228 | €0 | -€11,228 | -100.0% |
| Suppliers | 440/4 | €11,228 | €0 | -€11,228 | -100.0% |
| Taxes, remuneration and social security | 45 | €149,987 | €99,909 | -€50,079 | -33.4% |
| Taxes | 450/3 | €149,987 | €99,909 | -€50,079 | -33.4% |
| Other amounts payable | 47/48 | €180,972 | €40,000 | -€140,972 | -77.9% |
| Remuneration, social security and pensions | 62 | €681 | €0 | -€681 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,684 | €92,389 | +€705 | +0.8% |
| Other operating charges | 640/8 | €12,793 | €19,381 | +€6,588 | +51.5% |
| Gross operating margin | 9900 | €239,634 | €325,568 | +€85,934 | +35.9% |
| Operating profit (loss) | 9901 | €134,476 | €213,799 | +€79,323 | +59.0% |
| Financial income | 75/76B | €40,007 | €25,017 | -€14,990 | -37.5% |
| Recurring financial income | 75 | €40,007 | €25,017 | -€14,990 | -37.5% |
| Financial charges | 65/66B | €31,257 | €48,804 | +€17,548 | +56.1% |
| Recurring financial charges | 65 | €31,257 | €48,804 | +€17,548 | +56.1% |
| Profit (loss) for the period before taxes | 9903 | €143,227 | €190,011 | +€46,785 | +32.7% |
| Income taxes | 67/77 | €37,777 | €81,785 | +€44,008 | +116.5% |
| Profit (loss) for the period | 9904 | €105,450 | €108,226 | +€2,776 | +2.6% |
| Transfer from tax-exempt reserves | 789 | €3,379 | €3,379 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,829 | €111,605 | +€2,776 | +2.6% |
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 8 October 2026 via checked.be.