FIND: 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.
FIND
Largest movements
- Cash -€160,298
down €160,298 (-79.0%), from €202,897 to €42,599
mainly Investment in fixed assets (net) (-€159,999) and Trade debts (-€90,018)
- Intangible fixed assets +€160,000
new in 2024: €160,000
- Tangible fixed assets -€34,021
down €34,021 (-22.0%), from €154,991 to €120,970
of which Furniture and vehicles: -€20,460
- Receivables within one year +€9,338
up €9,338 (+3.2%), from €290,112 to €299,450
- Debts after one year +€107,842
up €107,842 (+151.2%), from €71,339 to €179,181
of which Other amounts payable: +€132,000
- Trade debts -€90,018
down €90,018 (-50.4%), from €178,574 to €88,556
- Other debts -€29,000
down €29,000 (-44.6%), from €65,000 to €36,000
- Tax, wage and social debts -€19,809
down €19,809 (-7.7%), from €256,555 to €236,746
of which Taxes: -€15,431
- Advances received +€11,451
new in 2024: €11,451
- Purchases and services +€74,076
up €74,076 (+14.1%), from €526,339 to €600,415
- Gross operating margin -€54,436
down €54,436 (-17.2%), from €315,791 to €261,355
- Depreciation -€26,195
down €26,195 (-43.5%), from €60,215 to €34,020
- Turnover +€19,640
up €19,640 (+2.3%), from €842,130 to €861,770
- Staff costs +€10,536
up €10,536 (+7.1%), from €149,114 to €159,650
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 | €749,571 | €731,190 | -€18,381 | -2.5% |
| Fixed assets | 21/28 | €162,912 | €288,891 | +€125,979 | +77.3% |
| Intangible fixed assets | 21 | - | €160,000 | +€160,000 | |
| Tangible fixed assets | 22/27 | €154,991 | €120,970 | -€34,021 | -22.0% |
| Plant, machinery and equipment | 23 | €83,937 | €70,376 | -€13,561 | -16.2% |
| Furniture and vehicles | 24 | €71,054 | €50,594 | -€20,460 | -28.8% |
| Financial fixed assets | 28 | €7,921 | €7,921 | = | 0.0% |
| Current assets | 29/58 | €586,659 | €442,299 | -€144,360 | -24.6% |
| Amounts receivable within one year | 40/41 | €290,112 | €299,450 | +€9,338 | +3.2% |
| Trade receivables | 40 | €290,112 | €299,450 | +€9,338 | +3.2% |
| Cash at bank and in hand | 54/58 | €202,897 | €42,599 | -€160,298 | -79.0% |
| Deferred charges and accrued income | 490/1 | €93,650 | €100,250 | +€6,600 | +7.0% |
| Total equity and liabilities | 10/49 | €749,571 | €731,190 | -€18,381 | -2.5% |
| Equity | 10/15 | €102,458 | €106,138 | +€3,680 | +3.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,007 | €85,687 | +€3,680 | +4.5% |
| Amounts payable | 17/49 | €647,113 | €625,052 | -€22,061 | -3.4% |
| Amounts payable after more than one year | 17 | €71,339 | €179,181 | +€107,842 | +151.2% |
| Financial debts | 170/4 | €71,339 | €47,181 | -€24,158 | -33.9% |
| Other amounts payable | 178/9 | - | €132,000 | +€132,000 | |
| Amounts payable within one year | 42/48 | €575,174 | €445,271 | -€129,903 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €28,865 | €24,158 | -€4,707 | -16.3% |
| Financial debts | 43 | €46,180 | €48,360 | +€2,180 | +4.7% |
| Credit institutions | 430/8 | €46,180 | €48,360 | +€2,180 | +4.7% |
| Trade debts | 44 | €178,574 | €88,556 | -€90,018 | -50.4% |
| Suppliers | 440/4 | €178,574 | €88,556 | -€90,018 | -50.4% |
| Advances received on contracts in progress | 46 | - | €11,451 | +€11,451 | |
| Taxes, remuneration and social security | 45 | €256,555 | €236,746 | -€19,809 | -7.7% |
| Taxes | 450/3 | €219,312 | €203,881 | -€15,431 | -7.0% |
| Remuneration and social security | 454/9 | €37,243 | €32,865 | -€4,378 | -11.8% |
| Other amounts payable | 47/48 | €65,000 | €36,000 | -€29,000 | -44.6% |
| Accrued charges and deferred income | 492/3 | €600 | €600 | = | 0.0% |
| Turnover | 70 | €842,130 | €861,770 | +€19,640 | +2.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €526,339 | €600,415 | +€74,076 | +14.1% |
| Remuneration, social security and pensions | 62 | €149,114 | €159,650 | +€10,536 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,215 | €34,020 | -€26,195 | -43.5% |
| Other operating charges | 640/8 | €5,114 | €1,024 | -€4,090 | -80.0% |
| Gross operating margin | 9900 | €315,791 | €261,355 | -€54,436 | -17.2% |
| Operating profit (loss) | 9901 | €101,348 | €66,661 | -€34,687 | -34.2% |
| Financial charges | 65/66B | €17,500 | €19,481 | +€1,981 | +11.3% |
| Recurring financial charges | 65 | €17,500 | €19,481 | +€1,981 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €83,848 | €47,180 | -€36,668 | -43.7% |
| Income taxes | 67/77 | €13,767 | €7,500 | -€6,267 | -45.5% |
| Profit (loss) for the period | 9904 | €70,081 | €39,680 | -€30,401 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,081 | €39,680 | -€30,401 | -43.4% |
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.