GROUP ELEVEN: 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 ELEVEN
Largest movements
- Cash -€26,757
down €26,757 (-61.9%), from €43,233 to €16,476
mainly Trade debts (-€38,731) and Receivables within one year (-€12,889)
- Receivables within one year +€12,889
up €12,889 (+12.5%), from €103,298 to €116,187
of which Trade receivables: +€15,077
- Tangible fixed assets -€3,934
down €3,934 (-21.0%), from €18,766 to €14,832
of which Furniture and vehicles: -€4,585
- Trade debts -€38,731
down €38,731 (-39.5%), from €98,104 to €59,373
- Profit (loss) carried forward +€22,300
up €22,300 (+45.3%), from €49,274 to €71,574
- Tax, wage and social debts -€2,326
down €2,326 (-11.9%), from €19,594 to €17,268
- Gross operating margin +€7,805
up €7,805 (+20.9%), from €37,395 to €45,200
- Taxes +€3,307
up €3,307 (+48.9%), from €6,762 to €10,068
- Depreciation -€2,221
down €2,221 (-16.3%), from €13,640 to €11,419
- Other operating charges +€527
up €527 (+108.5%), from €486 to €1,013
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 | €168,972 | €151,748 | -€17,224 | -10.2% |
| Fixed assets | 21/28 | €18,851 | €15,667 | -€3,184 | -16.9% |
| Tangible fixed assets | 22/27 | €18,766 | €14,832 | -€3,934 | -21.0% |
| Plant, machinery and equipment | 23 | €5,765 | €7,677 | +€1,912 | +33.2% |
| Furniture and vehicles | 24 | €8,940 | €4,355 | -€4,585 | -51.3% |
| Other tangible fixed assets | 26 | €4,060 | €2,800 | -€1,260 | -31.0% |
| Financial fixed assets | 28 | €85 | €835 | +€750 | +882.4% |
| Current assets | 29/58 | €150,121 | €136,080 | -€14,040 | -9.4% |
| Stocks and contracts in progress | 3 | €3,150 | €3,150 | = | 0.0% |
| Stocks | 30/36 | €3,150 | €3,150 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €103,298 | €116,187 | +€12,889 | +12.5% |
| Trade receivables | 40 | €101,110 | €116,187 | +€15,077 | +14.9% |
| Other amounts receivable | 41 | €2,188 | - | -€2,188 | |
| Cash at bank and in hand | 54/58 | €43,233 | €16,476 | -€26,757 | -61.9% |
| Deferred charges and accrued income | 490/1 | €440 | €267 | -€172 | -39.2% |
| Total equity and liabilities | 10/49 | €168,972 | €151,748 | -€17,224 | -10.2% |
| Equity | 10/15 | €51,274 | €73,574 | +€22,300 | +43.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,274 | €71,574 | +€22,300 | +45.3% |
| Amounts payable | 17/49 | €117,698 | €78,173 | -€39,524 | -33.6% |
| Amounts payable within one year | 42/48 | €117,698 | €78,173 | -€39,524 | -33.6% |
| Trade debts | 44 | €98,104 | €59,373 | -€38,731 | -39.5% |
| Suppliers | 440/4 | €98,104 | €59,373 | -€38,731 | -39.5% |
| Taxes, remuneration and social security | 45 | €19,594 | €17,268 | -€2,326 | -11.9% |
| Taxes | 450/3 | €19,594 | €17,268 | -€2,326 | -11.9% |
| Other amounts payable | 47/48 | - | €1,533 | +€1,533 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,640 | €11,419 | -€2,221 | -16.3% |
| Other operating charges | 640/8 | €486 | €1,013 | +€527 | +108.5% |
| Gross operating margin | 9900 | €37,395 | €45,200 | +€7,805 | +20.9% |
| Operating profit (loss) | 9901 | €23,269 | €32,768 | +€9,499 | +40.8% |
| Financial income | 75/76B | €72 | €1 | -€72 | -99.2% |
| Recurring financial income | 75 | €72 | €1 | -€72 | -99.2% |
| Financial charges | 65/66B | €375 | €400 | +€25 | +6.7% |
| Recurring financial charges | 65 | €375 | €400 | +€25 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €22,966 | €32,369 | +€9,402 | +40.9% |
| Income taxes | 67/77 | €6,762 | €10,068 | +€3,307 | +48.9% |
| Profit (loss) for the period | 9904 | €16,205 | €22,300 | +€6,096 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,205 | €22,300 | +€6,096 | +37.6% |
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 12 October 2026 via checked.be.