Group DO: 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.
Group DO
Largest movements
- Cash +€51,908
up €51,908 (+143%), from €36,268 to €88,176
mainly Depreciation (+€41,294) and Receivables within one year (+€23,168)
- Intangible fixed assets -€35,234
down €35,234 (-12.7%), from €276,554 to €241,320
- Receivables within one year -€23,168
down €23,168 (-100%), from €23,168 to €0
of which Trade receivables: -€23,168
- Tangible fixed assets -€6,059
down €6,059 (-6.5%), from €93,681 to €87,622
- Debts after one year -€43,609
down €43,609 (-21.8%), from €199,947 to €156,338
- Reserves +€15,960
up €15,960 (+13.6%), from €116,999 to €132,959
- Tax, wage and social debts +€10,531
up €10,531 (+32.7%), from €32,245 to €42,777
of which Taxes: +€10,994
- Gross operating margin -€57,917
down €57,917 (-26.4%), from €219,684 to €161,767
- Staff costs -€23,407
down €23,407 (-22.3%), from €104,833 to €81,426
- Taxes -€10,677
down €10,677 (-46.8%), from €22,827 to €12,150
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 | €436,965 | €425,262 | -€11,702 | -2.7% |
| Fixed assets | 21/28 | €377,245 | €335,952 | -€41,294 | -10.9% |
| Intangible fixed assets | 21 | €276,554 | €241,320 | -€35,234 | -12.7% |
| Tangible fixed assets | 22/27 | €93,681 | €87,622 | -€6,059 | -6.5% |
| Land and buildings | 22 | €77,503 | €75,143 | -€2,361 | -3.0% |
| Plant, machinery and equipment | 23 | €4,513 | €2,854 | -€1,659 | -36.8% |
| Furniture and vehicles | 24 | €2,227 | €1,297 | -€930 | -41.8% |
| Other tangible fixed assets | 26 | €9,438 | €8,328 | -€1,110 | -11.8% |
| Financial fixed assets | 28 | €7,010 | €7,010 | = | 0.0% |
| Current assets | 29/58 | €59,719 | €89,311 | +€29,591 | +49.6% |
| Amounts receivable within one year | 40/41 | €23,168 | €0 | -€23,168 | -100% |
| Trade receivables | 40 | €23,168 | €0 | -€23,168 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €36,268 | €88,176 | +€51,908 | +143% |
| Deferred charges and accrued income | 490/1 | €283 | €1,135 | +€852 | +302% |
| Total equity and liabilities | 10/49 | €436,965 | €425,262 | -€11,702 | -2.7% |
| Equity | 10/15 | €123,199 | €139,159 | +€15,960 | +13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €116,999 | €132,959 | +€15,960 | +13.6% |
| Distributable reserves | 133 | €116,999 | €132,959 | +€15,960 | +13.6% |
| Amounts payable | 17/49 | €313,766 | €286,103 | -€27,663 | -8.8% |
| Amounts payable after more than one year | 17 | €199,947 | €156,338 | -€43,609 | -21.8% |
| Financial debts | 170/4 | €199,947 | €156,338 | -€43,609 | -21.8% |
| Amounts payable within one year | 42/48 | €113,819 | €129,082 | +€15,263 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €36,136 | €40,290 | +€4,153 | +11.5% |
| Trade debts | 44 | €12,462 | €16,428 | +€3,965 | +31.8% |
| Suppliers | 440/4 | €12,462 | €16,428 | +€3,965 | +31.8% |
| Taxes, remuneration and social security | 45 | €32,245 | €42,777 | +€10,531 | +32.7% |
| Taxes | 450/3 | €22,827 | €33,820 | +€10,994 | +48.2% |
| Remuneration and social security | 454/9 | €9,419 | €8,956 | -€462 | -4.9% |
| Other amounts payable | 47/48 | €32,975 | €29,588 | -€3,387 | -10.3% |
| Accrued charges and deferred income | 492/3 | - | €683 | +€683 | |
| Remuneration, social security and pensions | 62 | €104,833 | €81,426 | -€23,407 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,782 | €41,294 | -€488 | -1.2% |
| Other operating charges | 640/8 | €3,761 | €5,560 | +€1,799 | +47.8% |
| Gross operating margin | 9900 | €219,684 | €161,767 | -€57,917 | -26.4% |
| Operating profit (loss) | 9901 | €69,307 | €33,487 | -€35,820 | -51.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €6,187 | €5,377 | -€810 | -13.1% |
| Recurring financial charges | 65 | €6,187 | €5,377 | -€810 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €63,120 | €28,110 | -€35,010 | -55.5% |
| Income taxes | 67/77 | €22,827 | €12,150 | -€10,677 | -46.8% |
| Profit (loss) for the period | 9904 | €40,293 | €15,960 | -€24,333 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,293 | €15,960 | -€24,333 | -60.4% |
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 31 October 2026 via checked.be.