Fin - S: 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.
Fin - S
Largest movements
- Tangible fixed assets -€47,824
down €47,824 (-10.3%), from €466,339 to €418,516
of which Land and buildings: -€24,697
- Cash +€39,354
up €39,354 (+30.9%), from €127,173 to €166,527
mainly Depreciation (+€47,824) and Net result for the year (+€29,530)
- Profit (loss) carried forward +€29,530
up €29,530 (+27.6%), from €106,885 to €136,414
- Other debts -€28,180
down €28,180 (-92.8%), from €30,355 to €2,175
- Debts after one year -€20,619
down €20,619 (-5.8%), from €356,532 to €335,913
- Trade debts +€11,057
up €11,057 (+1,592%), from €695 to €11,752
- Gross operating margin -€5,807
down €5,807 (-5.2%), from €112,309 to €106,502
- Taxes +€4,917
up €4,917 (+37.3%), from €13,195 to €18,112
- Depreciation +€3,062
up €3,062 (+6.8%), from €44,762 to €47,824
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 | €614,501 | €607,218 | -€7,284 | -1.2% |
| Fixed assets | 21/28 | €466,339 | €418,516 | -€47,824 | -10.3% |
| Tangible fixed assets | 22/27 | €466,339 | €418,516 | -€47,824 | -10.3% |
| Land and buildings | 22 | €407,099 | €382,403 | -€24,697 | -6.1% |
| Furniture and vehicles | 24 | €37,183 | €17,548 | -€19,635 | -52.8% |
| Other tangible fixed assets | 26 | €22,057 | €18,565 | -€3,492 | -15.8% |
| Current assets | 29/58 | €148,162 | €188,702 | +€40,540 | +27.4% |
| Amounts receivable within one year | 40/41 | €18,119 | €22,175 | +€4,056 | +22.4% |
| Trade receivables | 40 | €17,119 | €21,175 | +€4,056 | +23.7% |
| Other amounts receivable | 41 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €127,173 | €166,527 | +€39,354 | +30.9% |
| Deferred charges and accrued income | 490/1 | €2,870 | - | -€2,870 | |
| Total equity and liabilities | 10/49 | €614,501 | €607,218 | -€7,284 | -1.2% |
| Equity | 10/15 | €127,345 | €156,874 | +€29,530 | +23.2% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €106,885 | €136,414 | +€29,530 | +27.6% |
| Provisions and deferred taxes | 16 | €70,039 | €70,039 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €70,039 | €70,039 | = | 0.0% |
| Pensions and similar obligations | 160 | €70,039 | €70,039 | = | 0.0% |
| Amounts payable | 17/49 | €417,118 | €380,304 | -€36,813 | -8.8% |
| Amounts payable after more than one year | 17 | €356,532 | €335,913 | -€20,619 | -5.8% |
| Financial debts | 170/4 | €356,532 | €335,913 | -€20,619 | -5.8% |
| Amounts payable within one year | 42/48 | €60,586 | €44,391 | -€16,195 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €21,128 | €20,619 | -€509 | -2.4% |
| Trade debts | 44 | €695 | €11,752 | +€11,057 | +1,592% |
| Suppliers | 440/4 | €695 | €11,752 | +€11,057 | +1,592% |
| Taxes, remuneration and social security | 45 | €8,408 | €9,846 | +€1,437 | +17.1% |
| Taxes | 450/3 | €8,408 | €9,846 | +€1,437 | +17.1% |
| Other amounts payable | 47/48 | €30,355 | €2,175 | -€28,180 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,762 | €47,824 | +€3,062 | +6.8% |
| Other operating charges | 640/8 | €4,696 | €5,233 | +€537 | +11.4% |
| Gross operating margin | 9900 | €112,309 | €106,502 | -€5,807 | -5.2% |
| Operating profit (loss) | 9901 | €62,852 | €53,446 | -€9,406 | -15.0% |
| Financial charges | 65/66B | €6,255 | €5,805 | -€450 | -7.2% |
| Recurring financial charges | 65 | €6,255 | €5,805 | -€450 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €56,597 | €47,642 | -€8,956 | -15.8% |
| Income taxes | 67/77 | €13,195 | €18,112 | +€4,917 | +37.3% |
| Profit (loss) for the period | 9904 | €43,402 | €29,530 | -€13,873 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,402 | €29,530 | -€13,873 | -32.0% |
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.