HOW'LOCATION: what changed
Two fiscal 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.
HOW'LOCATION
Largest movements
- Tangible fixed assets +€159,743
up €159,743 (+153.8%), from €103,867 to €263,611
of which Other tangible fixed assets: +€114,445
- Current investments -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Cash -€10,873
down €10,873 (-19.9%), from €54,578 to €43,705
mainly Investment in fixed assets (net) (-€179,935) and Accrued charges and deferred income (-€7,021)
- Reserves +€194,704
new in 2024: €194,704
- Profit (loss) carried forward -€146,977
down €146,977 (-100.0%), from €146,977 to €0
- Other debts +€20,723
up €20,723 (+2438.0%), from €850 to €21,573
- Trade debts +€9,519
up €9,519 (+66.7%), from €14,264 to €23,784
- Accrued charges and deferred income -€7,021
down €7,021 (-85.2%), from €8,237 to €1,216
- Gross operating margin -€107,128
down €107,128 (-36.1%), from €297,054 to €189,927
- Taxes -€30,323
down €30,323 (-84.5%), from €35,878 to €5,554
- Depreciation +€14,421
up €14,421 (+249.9%), from €5,771 to €20,192
- Other operating charges +€13,321
up €13,321 (+112.2%), from €11,874 to €25,194
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 | €265,986 | €332,920 | +€66,933 | +25.2% |
| Fixed assets | 21/28 | €104,867 | €264,611 | +€159,743 | +152.3% |
| Tangible fixed assets | 22/27 | €103,867 | €263,611 | +€159,743 | +153.8% |
| Plant, machinery and equipment | 23 | €8,006 | €17,848 | +€9,842 | +122.9% |
| Furniture and vehicles | 24 | €6,573 | €42,030 | +€35,457 | +539.4% |
| Other tangible fixed assets | 26 | €89,288 | €203,733 | +€114,445 | +128.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €161,119 | €68,309 | -€92,810 | -57.6% |
| Amounts receivable within one year | 40/41 | €26,541 | €24,604 | -€1,937 | -7.3% |
| Trade receivables | 40 | €23,860 | €4,185 | -€19,675 | -82.5% |
| Other amounts receivable | 41 | €2,681 | €20,419 | +€17,738 | +661.6% |
| Current investments | 50/53 | €80,000 | €0 | -€80,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €54,578 | €43,705 | -€10,873 | -19.9% |
| Total equity and liabilities | 10/49 | €265,986 | €332,920 | +€66,933 | +25.2% |
| Equity | 10/15 | €151,777 | €199,504 | +€47,727 | +31.4% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Reserves | 13 | - | €194,704 | +€194,704 | |
| Distributable reserves | 133 | - | €194,704 | +€194,704 | |
| Profit (loss) carried forward | 14 | €146,977 | €0 | -€146,977 | -100.0% |
| Amounts payable | 17/49 | €114,210 | €133,416 | +€19,206 | +16.8% |
| Amounts payable within one year | 42/48 | €105,973 | €132,200 | +€26,227 | +24.7% |
| Trade debts | 44 | €14,264 | €23,784 | +€9,519 | +66.7% |
| Suppliers | 440/4 | €14,264 | €23,784 | +€9,519 | +66.7% |
| Advances received on contracts in progress | 46 | €74,474 | €70,129 | -€4,345 | -5.8% |
| Taxes, remuneration and social security | 45 | €16,385 | €16,714 | +€329 | +2.0% |
| Taxes | 450/3 | €7,521 | €10,456 | +€2,934 | +39.0% |
| Remuneration and social security | 454/9 | €8,863 | €6,258 | -€2,605 | -29.4% |
| Other amounts payable | 47/48 | €850 | €21,573 | +€20,723 | +2438.0% |
| Accrued charges and deferred income | 492/3 | €8,237 | €1,216 | -€7,021 | -85.2% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Remuneration, social security and pensions | 62 | €96,468 | €93,718 | -€2,749 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,771 | €20,192 | +€14,421 | +249.9% |
| Other operating charges | 640/8 | €11,874 | €25,194 | +€13,321 | +112.2% |
| Gross operating margin | 9900 | €297,054 | €189,927 | -€107,128 | -36.1% |
| Operating profit (loss) | 9901 | €182,942 | €50,822 | -€132,120 | -72.2% |
| Financial income | 75/76B | €519 | €3,264 | +€2,745 | +529.0% |
| Recurring financial income | 75 | €519 | €3,264 | +€2,745 | +529.0% |
| Financial charges | 65/66B | €607 | €804 | +€198 | +32.6% |
| Recurring financial charges | 65 | €607 | €754 | +€148 | +24.3% |
| Non-recurring financial charges | 66B | - | €50 | +€50 | |
| Profit (loss) for the period before taxes | 9903 | €182,854 | €53,281 | -€129,573 | -70.9% |
| Income taxes | 67/77 | €35,878 | €5,554 | -€30,323 | -84.5% |
| Profit (loss) for the period | 9904 | €146,977 | €47,727 | -€99,250 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €146,977 | €47,727 | -€99,250 | -67.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.