H & W: 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.
H & W
Largest movements
- Tangible fixed assets -€31,241
down €31,241 (-28.7%), from €108,731 to €77,490
of which Furniture and vehicles: -€21,026
- Receivables within one year +€5,446
up €5,446 (+144.8%), from €3,761 to €9,207
of which Trade receivables: +€7,322
- Deferred charges and accrued income -€5,013
down €5,013 (-20.8%), from €24,110 to €19,098
- Cash +€3,207
up €3,207 (+23.2%), from €13,793 to €17,000
mainly Depreciation (+€33,232) and Deferred charges and accrued income (+€5,013)
- Debts after one year -€14,889
down €14,889 (-63.5%), from €23,453 to €8,564
- Current portion of long-term debt -€6,448
down €6,448 (-30.2%), from €21,337 to €14,889
- Other debts -€5,937
down €5,937 (-14.7%), from €40,437 to €34,500
- Depreciation +€16,476
up €16,476 (+98.3%), from €16,755 to €33,232
- Gross operating margin +€15,082
up €15,082 (+56.1%), from €26,903 to €41,985
- Other operating charges -€1,803
down €1,803 (-55.5%), from €3,251 to €1,448
- Staff costs -€642
down €642 (-25.0%), from €2,563 to €1,921
- Taxes +€443
up €443 (+206.5%), from €214 to €657
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 | €150,396 | €122,794 | -€27,601 | -18.4% |
| Fixed assets | 21/28 | €108,731 | €77,490 | -€31,241 | -28.7% |
| Tangible fixed assets | 22/27 | €108,731 | €77,490 | -€31,241 | -28.7% |
| Land and buildings | 22 | €1,523 | €0 | -€1,523 | -100.0% |
| Plant, machinery and equipment | 23 | €45,466 | €34,554 | -€10,912 | -24.0% |
| Furniture and vehicles | 24 | €61,742 | €40,716 | -€21,026 | -34.1% |
| Other tangible fixed assets | 26 | - | €2,220 | +€2,220 | |
| Current assets | 29/58 | €41,664 | €45,304 | +€3,640 | +8.7% |
| Amounts receivable within one year | 40/41 | €3,761 | €9,207 | +€5,446 | +144.8% |
| Trade receivables | 40 | - | €7,322 | +€7,322 | |
| Other amounts receivable | 41 | €3,761 | €1,884 | -€1,877 | -49.9% |
| Cash at bank and in hand | 54/58 | €13,793 | €17,000 | +€3,207 | +23.2% |
| Deferred charges and accrued income | 490/1 | €24,110 | €19,098 | -€5,013 | -20.8% |
| Total equity and liabilities | 10/49 | €150,396 | €122,794 | -€27,601 | -18.4% |
| Equity | 10/15 | €45,701 | €45,077 | -€624 | -1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,501 | €38,877 | -€624 | -1.6% |
| Distributable reserves | 133 | €39,501 | €38,877 | -€624 | -1.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €104,695 | €77,717 | -€26,977 | -25.8% |
| Amounts payable after more than one year | 17 | €23,453 | €8,564 | -€14,889 | -63.5% |
| Financial debts | 170/4 | €23,453 | €8,564 | -€14,889 | -63.5% |
| Amounts payable within one year | 42/48 | €81,242 | €69,153 | -€12,089 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €21,337 | €14,889 | -€6,448 | -30.2% |
| Trade debts | 44 | €17,003 | €16,857 | -€146 | -0.9% |
| Suppliers | 440/4 | €17,003 | €16,857 | -€146 | -0.9% |
| Taxes, remuneration and social security | 45 | €2,464 | €2,907 | +€443 | +18.0% |
| Taxes | 450/3 | €214 | €657 | +€443 | +206.5% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €40,437 | €34,500 | -€5,937 | -14.7% |
| Non-recurring operating income | 76A | €16,000 | €0 | -€16,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,563 | €1,921 | -€642 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,755 | €33,232 | +€16,476 | +98.3% |
| Other operating charges | 640/8 | €3,251 | €1,448 | -€1,803 | -55.5% |
| Non-recurring operating charges | 66A | - | €509 | +€509 | |
| Gross operating margin | 9900 | €26,903 | €41,985 | +€15,082 | +56.1% |
| Operating profit (loss) | 9901 | €4,334 | €4,875 | +€541 | +12.5% |
| Financial income | 75/76B | €319 | €26 | -€293 | -91.8% |
| Recurring financial income | 75 | €319 | €26 | -€293 | -91.8% |
| Financial charges | 65/66B | €3,637 | €4,009 | +€372 | +10.2% |
| Recurring financial charges | 65 | €3,637 | €4,009 | +€372 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €1,016 | €892 | -€124 | -12.2% |
| Income taxes | 67/77 | €214 | €657 | +€443 | +206.5% |
| Profit (loss) for the period | 9904 | €802 | €235 | -€566 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €802 | €235 | -€566 | -70.7% |
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.