GUIDING TRANSITION: 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.
GUIDING TRANSITION
Largest movements
- Tangible fixed assets +€164,905
up €164,905 (+22.2%), from €744,292 to €909,197
of which Land and buildings: +€179,977
- Cash +€17,558
up €17,558 (+128%), from €13,737 to €31,295
mainly Other debts (+€151,996) and Depreciation (+€39,705)
- Receivables within one year -€11,210
down €11,210 (-18.2%), from €61,569 to €50,359
of which Other amounts receivable: -€21,333
- Other debts +€151,996
up €151,996 (+80.6%), from €188,624 to €340,620
- Trade debts -€45,503
down €45,503 (-64.9%), from €70,117 to €24,613
- Debts after one year +€34,500
up €34,500 (+6.0%), from €575,726 to €610,226
- Profit (loss) carried forward +€18,140
up €18,140 (+10.4%), from -€173,834 to -€155,694
- Tax, wage and social debts +€10,203
up €10,203 (+654%), from €1,561 to €11,763
of which Taxes: +€10,203
- Gross operating margin +€86,047
up €86,047, from -€2,758 to €83,289
- Depreciation -€16,823
down €16,823 (-29.8%), from €56,528 to €39,705
- Financial charges +€14,483
up €14,483 (+197%), from €7,333 to €21,816
- Other operating charges +€2,758
up €2,758 (+109%), from €2,536 to €5,295
- Financial income +€1,667
up €1,667 (+574,738%), from €0 to €1,667
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 | €822,096 | €991,884 | +€169,787 | +20.7% |
| Fixed assets | 21/28 | €744,947 | €909,852 | +€164,905 | +22.1% |
| Tangible fixed assets | 22/27 | €744,292 | €909,197 | +€164,905 | +22.2% |
| Land and buildings | 22 | €661,963 | €841,940 | +€179,977 | +27.2% |
| Plant, machinery and equipment | 23 | €21,507 | €4,952 | -€16,555 | -77.0% |
| Furniture and vehicles | 24 | €57,912 | €57,142 | -€770 | -1.3% |
| Other tangible fixed assets | 26 | €2,910 | €5,164 | +€2,254 | +77.5% |
| Financial fixed assets | 28 | €655 | €655 | = | 0.0% |
| Current assets | 29/58 | €77,149 | €82,032 | +€4,882 | +6.3% |
| Amounts receivable within one year | 40/41 | €61,569 | €50,359 | -€11,210 | -18.2% |
| Trade receivables | 40 | €40,076 | €50,199 | +€10,123 | +25.3% |
| Other amounts receivable | 41 | €21,493 | €160 | -€21,333 | -99.3% |
| Cash at bank and in hand | 54/58 | €13,737 | €31,295 | +€17,558 | +128% |
| Deferred charges and accrued income | 490/1 | €1,843 | €378 | -€1,465 | -79.5% |
| Total equity and liabilities | 10/49 | €822,096 | €991,884 | +€169,787 | +20.7% |
| Equity | 10/15 | -€29,260 | -€11,120 | +€18,140 | +62.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €132,174 | €132,174 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €130,314 | €130,314 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,834 | -€155,694 | +€18,140 | +10.4% |
| Amounts payable | 17/49 | €851,356 | €1,003,004 | +€151,647 | +17.8% |
| Amounts payable after more than one year | 17 | €575,726 | €610,226 | +€34,500 | +6.0% |
| Financial debts | 170/4 | €575,726 | €610,226 | +€34,500 | +6.0% |
| Amounts payable within one year | 42/48 | €275,630 | €392,778 | +€117,147 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €13,972 | €14,146 | +€174 | +1.2% |
| Financial debts | 43 | €1,357 | €1,635 | +€278 | +20.5% |
| Credit institutions | 430/8 | €1,357 | €1,635 | +€278 | +20.5% |
| Trade debts | 44 | €70,117 | €24,613 | -€45,503 | -64.9% |
| Suppliers | 440/4 | €70,117 | €24,613 | -€45,503 | -64.9% |
| Taxes, remuneration and social security | 45 | €1,561 | €11,763 | +€10,203 | +654% |
| Taxes | 450/3 | €1,561 | €11,763 | +€10,203 | +654% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €188,624 | €340,620 | +€151,996 | +80.6% |
| Non-recurring operating income | 76A | - | €50,889 | +€50,889 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,528 | €39,705 | -€16,823 | -29.8% |
| Other operating charges | 640/8 | €2,536 | €5,295 | +€2,758 | +109% |
| Gross operating margin | 9900 | -€2,758 | €83,289 | +€86,047 | |
| Operating profit (loss) | 9901 | -€61,822 | €38,289 | +€100,111 | |
| Financial income | 75/76B | €0 | €1,667 | +€1,667 | +574,738% |
| Recurring financial income | 75 | €0 | €1,667 | +€1,667 | +574,738% |
| Financial charges | 65/66B | €7,333 | €21,816 | +€14,483 | +197% |
| Recurring financial charges | 65 | €7,333 | €21,816 | +€14,483 | +197% |
| Profit (loss) for the period before taxes | 9903 | -€69,155 | €18,140 | +€87,295 | |
| Income taxes | 67/77 | €786 | €0 | -€786 | -100% |
| Profit (loss) for the period | 9904 | -€69,941 | €18,140 | +€88,081 | |
| Profit (loss) for the period to be appropriated | 9905 | -€69,941 | €18,140 | +€88,081 |
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 18 October 2026 via checked.be.