Given: 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.
Given
Largest movements
- Receivables within one year -€427,708
down €427,708 (-91.8%), from €466,046 to €38,337
of which Other amounts receivable: -€419,866
- Receivables after one year +€419,965
new in 2024: €419,965
- Tangible fixed assets -€60,726
down €60,726 (-6.3%), from €968,140 to €907,414
of which Land and buildings: -€60,726
- Debts after one year -€133,120
down €133,120 (-28.2%), from €472,436 to €339,316
of which Financial debts: -€133,470
- Trade debts -€69,255
down €69,255 (-87.0%), from €79,642 to €10,387
- Profit (loss) carried forward +€37,949
up €37,949 (+14.5%), from €261,824 to €299,773
- Other debts +€35,908
new in 2024: €35,908
- Current portion of long-term debt +€29,856
up €29,856 (+90.7%), from €32,928 to €62,783
- Taxes +€24,152
up €24,152 (+169%), from €14,307 to €38,459
- Gross operating margin +€24,102
up €24,102 (+13.9%), from €173,904 to €198,006
- Other operating charges -€8,893
down €8,893 (-19.5%), from €45,535 to €36,642
- Financial charges +€6,956
up €6,956 (+53.2%), from €13,071 to €20,027
- Financial income +€1,997
up €1,997 (+363,035%), from €1 to €1,997
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 | €1,940,349 | €1,859,344 | -€81,005 | -4.2% |
| Fixed assets | 21/28 | €1,453,140 | €1,387,414 | -€65,726 | -4.5% |
| Tangible fixed assets | 22/27 | €968,140 | €907,414 | -€60,726 | -6.3% |
| Land and buildings | 22 | €954,703 | €893,977 | -€60,726 | -6.4% |
| Plant, machinery and equipment | 23 | €11,440 | €11,440 | = | 0.0% |
| Furniture and vehicles | 24 | €1,998 | €1,998 | = | 0.0% |
| Financial fixed assets | 28 | €485,000 | €480,000 | -€5,000 | -1.0% |
| Current assets | 29/58 | €487,209 | €471,930 | -€15,278 | -3.1% |
| Amounts receivable after more than one year | 29 | - | €419,965 | +€419,965 | |
| Trade receivables | 290 | - | €419,965 | +€419,965 | |
| Amounts receivable within one year | 40/41 | €466,046 | €38,337 | -€427,708 | -91.8% |
| Trade receivables | 40 | €46,179 | €38,337 | -€7,842 | -17.0% |
| Other amounts receivable | 41 | €419,866 | - | -€419,866 | |
| Cash at bank and in hand | 54/58 | €10,711 | €13,628 | +€2,917 | +27.2% |
| Deferred charges and accrued income | 490/1 | €10,452 | - | -€10,452 | |
| Total equity and liabilities | 10/49 | €1,940,349 | €1,859,344 | -€81,005 | -4.2% |
| Equity | 10/15 | €1,090,843 | €1,134,992 | +€44,149 | +4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €450,618 | €450,618 | = | 0.0% |
| Reserves | 13 | €316,401 | €322,601 | +€6,200 | +2.0% |
| Non-distributable reserves | 130/1 | - | €6,200 | +€6,200 | |
| Legal reserve | 130 | - | €6,200 | +€6,200 | |
| Tax-exempt reserves | 132 | €85,453 | €85,453 | = | 0.0% |
| Distributable reserves | 133 | €230,948 | €230,948 | = | 0.0% |
| Profit (loss) carried forward | 14 | €261,824 | €299,773 | +€37,949 | +14.5% |
| Amounts payable | 17/49 | €849,506 | €724,353 | -€125,153 | -14.7% |
| Amounts payable after more than one year | 17 | €472,436 | €339,316 | -€133,120 | -28.2% |
| Financial debts | 170/4 | €472,436 | €338,966 | -€133,470 | -28.3% |
| Other amounts payable | 178/9 | - | €350 | +€350 | |
| Amounts payable within one year | 42/48 | €377,071 | €384,947 | +€7,876 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €32,928 | €62,783 | +€29,856 | +90.7% |
| Trade debts | 44 | €79,642 | €10,387 | -€69,255 | -87.0% |
| Suppliers | 440/4 | €79,642 | €10,387 | -€69,255 | -87.0% |
| Advances received on contracts in progress | 46 | - | €16,958 | +€16,958 | |
| Taxes, remuneration and social security | 45 | €264,501 | €258,910 | -€5,591 | -2.1% |
| Taxes | 450/3 | €264,501 | €258,910 | -€5,591 | -2.1% |
| Other amounts payable | 47/48 | - | €35,908 | +€35,908 | |
| Accrued charges and deferred income | 492/3 | - | €90 | +€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,688 | €60,726 | -€962 | -1.6% |
| Other operating charges | 640/8 | €45,535 | €36,642 | -€8,893 | -19.5% |
| Gross operating margin | 9900 | €173,904 | €198,006 | +€24,102 | +13.9% |
| Operating profit (loss) | 9901 | €66,681 | €100,638 | +€33,957 | +50.9% |
| Financial income | 75/76B | €1 | €1,997 | +€1,997 | +363,035% |
| Recurring financial income | 75 | €1 | €1,997 | +€1,997 | +363,035% |
| Financial charges | 65/66B | €13,071 | €20,027 | +€6,956 | +53.2% |
| Recurring financial charges | 65 | €13,071 | €20,027 | +€6,956 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €53,610 | €82,608 | +€28,998 | +54.1% |
| Income taxes | 67/77 | €14,307 | €38,459 | +€24,152 | +169% |
| Profit (loss) for the period | 9904 | €39,303 | €44,149 | +€4,846 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,303 | €44,149 | +€4,846 | +12.3% |
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.