General Floating Equipment: 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.
General Floating Equipment
Largest movements
- Receivables within one year +€299,850
up €299,850 (+43.9%), from €682,292 to €982,142
of which Trade receivables: +€194,444
- Tangible fixed assets +€281,440
up €281,440 (+245%), from €114,685 to €396,125
of which Other tangible fixed assets: +€297,388
- Stocks and contracts -€40,792
down €40,792 (-6.9%), from €593,766 to €552,974
- Intangible fixed assets -€36,766
down €36,766 (-26.4%), from €139,091 to €102,325
- Short-term financial debts +€500,000
new in 2024: €500,000
- Profit (loss) carried forward -€399,355
down €399,355, from €682 to -€398,673
- Debts after one year +€216,804
up €216,804 (+56.0%), from €387,073 to €603,877
- Trade debts +€175,217
up €175,217 (+47.4%), from €369,613 to €544,830
of which Suppliers: +€175,217
- Accrued charges and deferred income -€21,648
no longer reported in 2024 (was €21,648)
- Gross operating margin -€467,365
down €467,365, from €266,746 to -€200,619
- Financial charges -€49,081
down €49,081 (-56.6%), from €86,712 to €37,631
- Staff costs -€25,825
down €25,825 (-24.0%), from €107,467 to €81,642
- Depreciation +€3,116
up €3,116 (+4.9%), from €64,044 to €67,160
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 | €1,561,220 | €2,040,124 | +€478,904 | +30.7% |
| Fixed assets | 21/28 | €263,526 | €498,450 | +€234,924 | +89.1% |
| Intangible fixed assets | 21 | €139,091 | €102,325 | -€36,766 | -26.4% |
| Tangible fixed assets | 22/27 | €114,685 | €396,125 | +€281,440 | +245% |
| Land and buildings | 22 | €4,943 | €4,404 | -€540 | -10.9% |
| Plant, machinery and equipment | 23 | €55,222 | €49,587 | -€5,635 | -10.2% |
| Furniture and vehicles | 24 | €54,519 | €44,746 | -€9,773 | -17.9% |
| Other tangible fixed assets | 26 | - | €297,388 | +€297,388 | |
| Financial fixed assets | 28 | €9,750 | - | -€9,750 | |
| Current assets | 29/58 | €1,297,694 | €1,541,675 | +€243,981 | +18.8% |
| Stocks and contracts in progress | 3 | €593,766 | €552,974 | -€40,792 | -6.9% |
| Stocks | 30/36 | €593,766 | €552,974 | -€40,792 | -6.9% |
| Amounts receivable within one year | 40/41 | €682,292 | €982,142 | +€299,850 | +43.9% |
| Trade receivables | 40 | €547,938 | €742,382 | +€194,444 | +35.5% |
| Other amounts receivable | 41 | €134,354 | €239,760 | +€105,406 | +78.5% |
| Cash at bank and in hand | 54/58 | €9,893 | €380 | -€9,513 | -96.2% |
| Deferred charges and accrued income | 490/1 | €11,743 | €6,179 | -€5,564 | -47.4% |
| Total equity and liabilities | 10/49 | €1,561,220 | €2,040,124 | +€478,904 | +30.7% |
| Equity | 10/15 | €650,589 | €251,234 | -€399,355 | -61.4% |
| Contributions | 10/11 | €425,000 | €425,000 | = | 0.0% |
| Reserves | 13 | €224,907 | €224,907 | = | 0.0% |
| Distributable reserves | 133 | €224,907 | €224,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | €682 | -€398,673 | -€399,355 | |
| Amounts payable | 17/49 | €910,631 | €1,788,890 | +€878,260 | +96.4% |
| Amounts payable after more than one year | 17 | €387,073 | €603,877 | +€216,804 | +56.0% |
| Financial debts | 170/4 | €387,073 | €603,877 | +€216,804 | +56.0% |
| Amounts payable within one year | 42/48 | €501,910 | €1,185,014 | +€683,104 | +136% |
| Current portion of amounts payable after more than one year | 42 | €35,182 | €35,015 | -€166 | -0.5% |
| Financial debts | 43 | - | €500,000 | +€500,000 | |
| Credit institutions | 430/8 | - | €500,000 | +€500,000 | |
| Trade debts | 44 | €369,613 | €544,830 | +€175,217 | +47.4% |
| Suppliers | 440/4 | €322,712 | €497,929 | +€175,217 | +54.3% |
| Bills of exchange payable | 441 | €46,901 | €46,901 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €82,709 | €99,565 | +€16,856 | +20.4% |
| Taxes | 450/3 | €71,573 | €88,471 | +€16,898 | +23.6% |
| Remuneration and social security | 454/9 | €11,135 | €11,094 | -€42 | -0.4% |
| Other amounts payable | 47/48 | €14,406 | €5,603 | -€8,803 | -61.1% |
| Accrued charges and deferred income | 492/3 | €21,648 | - | -€21,648 | |
| Remuneration, social security and pensions | 62 | €107,467 | €81,642 | -€25,825 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,044 | €67,160 | +€3,116 | +4.9% |
| Other operating charges | 640/8 | €1,839 | €2,104 | +€265 | +14.4% |
| Non-recurring operating charges | 66A | €1,256 | €6,254 | +€4,997 | +398% |
| Gross operating margin | 9900 | €266,746 | -€200,619 | -€467,365 | |
| Operating profit (loss) | 9901 | €92,139 | -€357,779 | -€449,918 | |
| Financial income | 75/76B | €1,342 | €758 | -€584 | -43.5% |
| Recurring financial income | 75 | €1,342 | €758 | -€584 | -43.5% |
| Financial charges | 65/66B | €86,712 | €37,631 | -€49,081 | -56.6% |
| Recurring financial charges | 65 | €86,712 | €37,631 | -€49,081 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | €6,768 | -€394,652 | -€401,420 | |
| Income taxes | 67/77 | €6,086 | €4,703 | -€1,383 | -22.7% |
| Profit (loss) for the period | 9904 | €682 | -€399,355 | -€400,038 | |
| Profit (loss) for the period to be appropriated | 9905 | €682 | -€399,355 | -€400,038 |
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 17 October 2026 via checked.be.