FR: 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.
FR
Largest movements
- Cash -€11,180
down €11,180 (-17.8%), from €62,879 to €51,699
mainly Investment in fixed assets (net) (-€13,012) and Current portion of long-term debt (-€10,165)
- Receivables within one year +€9,692
up €9,692 (+22.4%), from €43,255 to €52,947
of which Trade receivables: +€14,153
- Stocks and contracts -€2,530
down €2,530 (-10.5%), from €24,020 to €21,490
- Deferred charges and accrued income +€2,202
new in 2024: €2,202
- Profit (loss) carried forward +€14,397
up €14,397 (+17.5%), from €82,423 to €96,820
- Current portion of long-term debt -€10,165
down €10,165 (-58.7%), from €17,330 to €7,165
- Trade debts -€10,111
down €10,111 (-41.9%), from €24,128 to €14,017
- Tax, wage and social debts +€9,130
up €9,130 (+40.1%), from €22,767 to €31,897
of which Taxes: +€6,304
- Debts after one year -€4,910
no longer reported in 2024 (was €4,910)
- Staff costs +€56,517
up €56,517 (+2204.3%), from €2,564 to €59,081
- Gross operating margin +€43,712
up €43,712 (+65.9%), from €66,334 to €110,046
- Taxes +€5,761
up €5,761 (+40.7%), from €14,169 to €19,930
- Other operating charges -€3,030
down €3,030 (-43.4%), from €6,975 to €3,945
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 | €164,058 | €162,399 | -€1,659 | -1.0% |
| Fixed assets | 21/28 | €33,904 | €33,561 | -€343 | -1.0% |
| Tangible fixed assets | 22/27 | €33,604 | €32,961 | -€643 | -1.9% |
| Plant, machinery and equipment | 23 | €1,409 | €1,768 | +€359 | +25.5% |
| Furniture and vehicles | 24 | €32,195 | €31,193 | -€1,002 | -3.1% |
| Financial fixed assets | 28 | €300 | €600 | +€300 | +100.0% |
| Current assets | 29/58 | €130,154 | €128,838 | -€1,316 | -1.0% |
| Amounts receivable after more than one year | 29 | - | €500 | +€500 | |
| Trade receivables | 290 | - | €500 | +€500 | |
| Stocks and contracts in progress | 3 | €24,020 | €21,490 | -€2,530 | -10.5% |
| Stocks | 30/36 | €24,020 | €21,490 | -€2,530 | -10.5% |
| Amounts receivable within one year | 40/41 | €43,255 | €52,947 | +€9,692 | +22.4% |
| Trade receivables | 40 | €925 | €15,078 | +€14,153 | +1530.1% |
| Other amounts receivable | 41 | €42,330 | €37,869 | -€4,461 | -10.5% |
| Cash at bank and in hand | 54/58 | €62,879 | €51,699 | -€11,180 | -17.8% |
| Deferred charges and accrued income | 490/1 | - | €2,202 | +€2,202 | |
| Total equity and liabilities | 10/49 | €164,058 | €162,399 | -€1,659 | -1.0% |
| Equity | 10/15 | €94,923 | €109,320 | +€14,397 | +15.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Capital | 10 | €12,500 | €12,500 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,100 | €6,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,423 | €96,820 | +€14,397 | +17.5% |
| Amounts payable | 17/49 | €69,135 | €53,079 | -€16,056 | -23.2% |
| Amounts payable after more than one year | 17 | €4,910 | - | -€4,910 | |
| Financial debts | 170/4 | €4,910 | - | -€4,910 | |
| Amounts payable within one year | 42/48 | €64,225 | €53,079 | -€11,146 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €17,330 | €7,165 | -€10,165 | -58.7% |
| Trade debts | 44 | €24,128 | €14,017 | -€10,111 | -41.9% |
| Suppliers | 440/4 | €24,128 | €14,017 | -€10,111 | -41.9% |
| Taxes, remuneration and social security | 45 | €22,767 | €31,897 | +€9,130 | +40.1% |
| Taxes | 450/3 | €13,497 | €19,801 | +€6,304 | +46.7% |
| Remuneration and social security | 454/9 | €9,270 | €12,096 | +€2,826 | +30.5% |
| Remuneration, social security and pensions | 62 | €2,564 | €59,081 | +€56,517 | +2204.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,175 | €13,355 | +€180 | +1.4% |
| Other operating charges | 640/8 | €6,975 | €3,945 | -€3,030 | -43.4% |
| Non-recurring operating charges | 66A | - | €985 | +€985 | |
| Gross operating margin | 9900 | €66,334 | €110,046 | +€43,712 | +65.9% |
| Operating profit (loss) | 9901 | €43,620 | €32,680 | -€10,940 | -25.1% |
| Financial income | 75/76B | €1,441 | €2,266 | +€825 | +57.3% |
| Recurring financial income | 75 | €1,441 | €2,266 | +€825 | +57.3% |
| Financial charges | 65/66B | €1,151 | €619 | -€532 | -46.2% |
| Recurring financial charges | 65 | €1,151 | €619 | -€532 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €43,910 | €34,327 | -€9,583 | -21.8% |
| Income taxes | 67/77 | €14,169 | €19,930 | +€5,761 | +40.7% |
| Profit (loss) for the period | 9904 | €29,741 | €14,397 | -€15,344 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,741 | €14,397 | -€15,344 | -51.6% |
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 11 October 2026 via checked.be.