FLOW: what changed
FLOW
Largest movements
- Receivables within one year -€82,641
down €82,641 (-28.7%), from €288,296 to €205,655
of which Other amounts receivable: -€167,145
- Cash -€29,848
down €29,848 (-17.5%), from €170,391 to €140,543
mainly Tax, wage and social debts (-€213,542) and Debts after one year (-€42,424)
- Deferred charges and accrued income -€10,202
down €10,202 (-21.6%), from €47,131 to €36,929
- Tax, wage and social debts -€213,542
down €213,542 (-92.3%), from €231,331 to €17,789
- Trade debts +€113,581
up €113,581 (+68.8%), from €165,118 to €278,699
- Debts after one year -€42,424
no longer reported in 2024 (was €42,424)
- Profit (loss) carried forward +€10,054
up €10,054 (+8,757%), from €115 to €10,169
- Current portion of long-term debt +€9,705
new in 2024: €9,705
- Gross operating margin -€58,704
down €58,704 (-64.8%), from €90,586 to €31,882
- Financial charges -€24,887
down €24,887 (-74.0%), from €33,618 to €8,731
- Taxes -€11,969
down €11,969 (-74.9%), from €15,989 to €4,020
- Staff costs +€10,610
new in 2024: €10,610
- Other operating charges -€4,718
down €4,718 (-77.7%), from €6,073 to €1,354
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €515,088 | €392,462 | -€122,625 | -23.8% |
| Fixed assets | 21/28 | €2,269 | €3,835 | +€1,566 | +69.0% |
| Tangible fixed assets | 22/27 | €2,269 | €3,835 | +€1,566 | +69.0% |
| Plant, machinery and equipment | 23 | €2,269 | €1,103 | -€1,167 | -51.4% |
| Furniture and vehicles | 24 | - | €2,733 | +€2,733 | |
| Current assets | 29/58 | €512,818 | €388,627 | -€124,191 | -24.2% |
| Amounts receivable after more than one year | 29 | €7,000 | €5,500 | -€1,500 | -21.4% |
| Other amounts receivable | 291 | €7,000 | €5,500 | -€1,500 | -21.4% |
| Amounts receivable within one year | 40/41 | €288,296 | €205,655 | -€82,641 | -28.7% |
| Trade receivables | 40 | €94,820 | €179,324 | +€84,504 | +89.1% |
| Other amounts receivable | 41 | €193,475 | €26,330 | -€167,145 | -86.4% |
| Cash at bank and in hand | 54/58 | €170,391 | €140,543 | -€29,848 | -17.5% |
| Deferred charges and accrued income | 490/1 | €47,131 | €36,929 | -€10,202 | -21.6% |
| Total equity and liabilities | 10/49 | €515,088 | €392,462 | -€122,625 | -23.8% |
| Equity | 10/15 | €76,215 | €86,269 | +€10,054 | +13.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €74,100 | €74,100 | = | 0.0% |
| Distributable reserves | 133 | €74,100 | €74,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115 | €10,169 | +€10,054 | +8,757% |
| Amounts payable | 17/49 | €438,873 | €306,193 | -€132,680 | -30.2% |
| Amounts payable after more than one year | 17 | €42,424 | - | -€42,424 | |
| Financial debts | 170/4 | €42,424 | - | -€42,424 | |
| Amounts payable within one year | 42/48 | €396,449 | €306,193 | -€90,256 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,705 | +€9,705 | |
| Trade debts | 44 | €165,118 | €278,699 | +€113,581 | +68.8% |
| Suppliers | 440/4 | €165,118 | €278,699 | +€113,581 | +68.8% |
| Taxes, remuneration and social security | 45 | €231,331 | €17,789 | -€213,542 | -92.3% |
| Taxes | 450/3 | €231,331 | €17,789 | -€213,542 | -92.3% |
| Non-recurring operating income | 76A | €9,612 | - | -€9,612 | |
| Remuneration, social security and pensions | 62 | - | €10,610 | +€10,610 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,167 | €1,579 | +€412 | +35.4% |
| Other operating charges | 640/8 | €6,073 | €1,354 | -€4,718 | -77.7% |
| Gross operating margin | 9900 | €90,586 | €31,882 | -€58,704 | -64.8% |
| Operating profit (loss) | 9901 | €83,346 | €18,338 | -€65,008 | -78.0% |
| Financial income | 75/76B | €6,668 | €4,466 | -€2,202 | -33.0% |
| Recurring financial income | 75 | €6,668 | €4,466 | -€2,202 | -33.0% |
| Financial charges | 65/66B | €33,618 | €8,731 | -€24,887 | -74.0% |
| Recurring financial charges | 65 | €33,618 | €8,731 | -€24,887 | -74.0% |
| Profit (loss) for the period before taxes | 9903 | €56,397 | €14,074 | -€42,323 | -75.0% |
| Income taxes | 67/77 | €15,989 | €4,020 | -€11,969 | -74.9% |
| Profit (loss) for the period | 9904 | €40,408 | €10,054 | -€30,353 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,408 | €10,054 | -€30,353 | -75.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.