FIELD: 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.
FIELD
Largest movements
- Cash -€96,564
down €96,564 (-76.0%), from €127,115 to €30,550
mainly Investment in fixed assets (net) (-€146,718) and Net result for the year (-€51,592)
- Tangible fixed assets +€73,980
up €73,980 (+7.8%), from €942,469 to €1.0m
of which Land and buildings: +€77,491
- Current investments -€29,817
down €29,817 (-46.4%), from €64,198 to €34,382
- Profit (loss) carried forward -€28,657
down €28,657 (-66.8%), from €42,873 to €14,216
- Reserves -€22,934
down €22,934 (-3.4%), from €681,009 to €658,075
of which Tax-exempt reserves: -€22,934
- Depreciation +€15,817
up €15,817 (+27.8%), from €56,920 to €72,738
- Gross operating margin +€3,270
up €3,270 (+5.6%), from €58,277 to €61,548
- Staff costs +€1,941
up €1,941 (+6.6%), from €29,620 to €31,561
- Other operating charges +€1,735
up €1,735 (+11.7%), from €14,769 to €16,504
- Financial income -€1,548
down €1,548 (-87.4%), from €1,771 to €224
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 | €1,143,241 | €1,092,011 | -€51,230 | -4.5% |
| Fixed assets | 21/28 | €942,700 | €1,016,680 | +€73,980 | +7.8% |
| Tangible fixed assets | 22/27 | €942,469 | €1,016,450 | +€73,980 | +7.8% |
| Land and buildings | 22 | €938,017 | €1,015,508 | +€77,491 | +8.3% |
| Plant, machinery and equipment | 23 | €1,358 | €820 | -€538 | -39.6% |
| Furniture and vehicles | 24 | €490 | €122 | -€368 | -75.2% |
| Assets under construction and advance payments | 27 | €2,604 | - | -€2,604 | |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €200,541 | €75,331 | -€125,210 | -62.4% |
| Amounts receivable within one year | 40/41 | €2,725 | €2,057 | -€668 | -24.5% |
| Trade receivables | 40 | €2,725 | €2,057 | -€668 | -24.5% |
| Current investments | 50/53 | €64,198 | €34,382 | -€29,817 | -46.4% |
| Cash at bank and in hand | 54/58 | €127,115 | €30,550 | -€96,564 | -76.0% |
| Deferred charges and accrued income | 490/1 | €6,503 | €8,342 | +€1,839 | +28.3% |
| Total equity and liabilities | 10/49 | €1,143,241 | €1,092,011 | -€51,230 | -4.5% |
| Equity | 10/15 | €742,482 | €690,891 | -€51,592 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €681,009 | €658,075 | -€22,934 | -3.4% |
| Non-distributable reserves | 130/1 | €151,832 | €151,832 | = | 0.0% |
| Reserves not available under the articles | 1311 | €151,832 | €151,832 | = | 0.0% |
| Tax-exempt reserves | 132 | €245,027 | €222,093 | -€22,934 | -9.4% |
| Distributable reserves | 133 | €284,150 | €284,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,873 | €14,216 | -€28,657 | -66.8% |
| Provisions and deferred taxes | 16 | €81,676 | €74,031 | -€7,645 | -9.4% |
| Deferred taxes | 168 | €81,676 | €74,031 | -€7,645 | -9.4% |
| Amounts payable | 17/49 | €319,083 | €327,090 | +€8,007 | +2.5% |
| Amounts payable within one year | 42/48 | €316,142 | €327,090 | +€10,948 | +3.5% |
| Trade debts | 44 | €9,024 | €19,777 | +€10,753 | +119.2% |
| Suppliers | 440/4 | €9,024 | €19,777 | +€10,753 | +119.2% |
| Taxes, remuneration and social security | 45 | €3,704 | €2,638 | -€1,066 | -28.8% |
| Remuneration and social security | 454/9 | €3,704 | €2,638 | -€1,066 | -28.8% |
| Other amounts payable | 47/48 | €303,415 | €304,675 | +€1,260 | +0.4% |
| Accrued charges and deferred income | 492/3 | €2,941 | - | -€2,941 | |
| Remuneration, social security and pensions | 62 | €29,620 | €31,561 | +€1,941 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,920 | €72,738 | +€15,817 | +27.8% |
| Other operating charges | 640/8 | €14,769 | €16,504 | +€1,735 | +11.7% |
| Gross operating margin | 9900 | €58,277 | €61,548 | +€3,270 | +5.6% |
| Operating profit (loss) | 9901 | -€43,032 | -€59,255 | -€16,223 | -37.7% |
| Financial income | 75/76B | €1,771 | €224 | -€1,548 | -87.4% |
| Recurring financial income | 75 | €1,771 | €224 | -€1,548 | -87.4% |
| Financial charges | 65/66B | €259 | €182 | -€77 | -29.7% |
| Recurring financial charges | 65 | €259 | €182 | -€77 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | -€41,521 | -€59,214 | -€17,694 | -42.6% |
| Transfer from deferred taxes | 780 | €2,707 | €7,645 | +€4,938 | +182.5% |
| Income taxes | 67/77 | €12 | €22 | +€11 | +91.6% |
| Profit (loss) for the period | 9904 | -€38,826 | -€51,592 | -€12,766 | -32.9% |
| Transfer from tax-exempt reserves | 789 | €8,120 | €22,934 | +€14,815 | +182.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,706 | -€28,657 | +€2,049 | +6.7% |
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 28 September 2026 via checked.be.