FirstClass: 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.
FirstClass
Largest movements
- Receivables within one year +€59,321
up €59,321 (+182.5%), from €32,503 to €91,824
of which Trade receivables: +€59,069
- Tangible fixed assets -€39,772
down €39,772 (-7.5%), from €528,562 to €488,790
of which Plant, machinery and equipment: -€38,542
- Stocks and contracts -€26,945
down €26,945 (-32.8%), from €82,251 to €55,306
- Deferred charges and accrued income +€14,253
up €14,253 (+37.4%), from €38,131 to €52,384
- Advances received +€80,131
new in 2024: €80,131
- Profit (loss) carried forward -€78,879
down €78,879 (-106.3%), from -€74,199 to -€153,078
- Debts after one year -€27,917
down €27,917 (-47.8%), from €58,437 to €30,521
- Other debts +€24,500
up €24,500 (+4.0%), from €619,830 to €644,330
- Trade debts +€21,419
up €21,419 (+47.2%), from €45,367 to €66,786
- Gross operating margin -€122,180
down €122,180 (-54.7%), from €223,390 to €101,210
- Staff costs -€49,636
down €49,636 (-31.7%), from €156,700 to €107,064
- Financial income +€7,612
up €7,612 (+4033.4%), from €189 to €7,801
- Depreciation +€4,891
up €4,891 (+7.1%), from €68,459 to €73,350
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 | €745,107 | €744,928 | -€179 | 0.0% |
| Fixed assets | 21/28 | €528,892 | €489,120 | -€39,772 | -7.5% |
| Tangible fixed assets | 22/27 | €528,562 | €488,790 | -€39,772 | -7.5% |
| Plant, machinery and equipment | 23 | €177,460 | €138,918 | -€38,542 | -21.7% |
| Furniture and vehicles | 24 | €22,245 | €12,988 | -€9,257 | -41.6% |
| Leasing and similar rights | 25 | €22,629 | €17,571 | -€5,058 | -22.4% |
| Other tangible fixed assets | 26 | €306,228 | €319,313 | +€13,085 | +4.3% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €216,215 | €255,808 | +€39,593 | +18.3% |
| Stocks and contracts in progress | 3 | €82,251 | €55,306 | -€26,945 | -32.8% |
| Stocks | 30/36 | €82,251 | €55,306 | -€26,945 | -32.8% |
| Amounts receivable within one year | 40/41 | €32,503 | €91,824 | +€59,321 | +182.5% |
| Trade receivables | 40 | €32,503 | €91,572 | +€59,069 | +181.7% |
| Other amounts receivable | 41 | €0 | €252 | +€252 | |
| Cash at bank and in hand | 54/58 | €63,330 | €56,294 | -€7,036 | -11.1% |
| Deferred charges and accrued income | 490/1 | €38,131 | €52,384 | +€14,253 | +37.4% |
| Total equity and liabilities | 10/49 | €745,107 | €744,928 | -€179 | 0.0% |
| Equity | 10/15 | -€54,199 | -€133,078 | -€78,879 | -145.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,199 | -€153,078 | -€78,879 | -106.3% |
| Amounts payable | 17/49 | €799,305 | €878,006 | +€78,700 | +9.8% |
| Amounts payable after more than one year | 17 | €58,437 | €30,521 | -€27,917 | -47.8% |
| Financial debts | 170/4 | €58,437 | €30,521 | -€27,917 | -47.8% |
| Amounts payable within one year | 42/48 | €740,868 | €846,788 | +€105,920 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €35,878 | €27,917 | -€7,961 | -22.2% |
| Trade debts | 44 | €45,367 | €66,786 | +€21,419 | +47.2% |
| Suppliers | 440/4 | €45,367 | €66,786 | +€21,419 | +47.2% |
| Advances received on contracts in progress | 46 | - | €80,131 | +€80,131 | |
| Taxes, remuneration and social security | 45 | €39,794 | €27,625 | -€12,169 | -30.6% |
| Taxes | 450/3 | €20,051 | €16,964 | -€3,087 | -15.4% |
| Remuneration and social security | 454/9 | €19,743 | €10,661 | -€9,082 | -46.0% |
| Other amounts payable | 47/48 | €619,830 | €644,330 | +€24,500 | +4.0% |
| Accrued charges and deferred income | 492/3 | - | €697 | +€697 | |
| Non-recurring operating income | 76A | €5,464 | €0 | -€5,464 | -100.0% |
| Remuneration, social security and pensions | 62 | €156,700 | €107,064 | -€49,636 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,459 | €73,350 | +€4,891 | +7.1% |
| Other operating charges | 640/8 | €3,723 | €3,543 | -€180 | -4.8% |
| Gross operating margin | 9900 | €223,390 | €101,210 | -€122,180 | -54.7% |
| Operating profit (loss) | 9901 | -€5,492 | -€82,747 | -€77,255 | -1406.8% |
| Financial income | 75/76B | €189 | €7,801 | +€7,612 | +4033.4% |
| Recurring financial income | 75 | €189 | €7,801 | +€7,612 | +4033.4% |
| Financial charges | 65/66B | €4,698 | €3,929 | -€769 | -16.4% |
| Recurring financial charges | 65 | €4,698 | €3,929 | -€769 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,001 | -€78,874 | -€68,873 | -688.7% |
| Income taxes | 67/77 | €0 | €5 | +€5 | |
| Profit (loss) for the period | 9904 | -€10,001 | -€78,879 | -€68,878 | -688.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,001 | -€78,879 | -€68,878 | -688.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.