human: 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.
human
Largest movements
- Receivables within one year +€17,795
up €17,795 (+50.7%), from €35,115 to €52,910
of which Trade receivables: +€23,116
- Cash -€9,929
down €9,929 (-34.5%), from €28,817 to €18,888
mainly Investment in fixed assets (net) (-€66,912) and Debts after one year (-€47,924)
- Profit (loss) carried forward +€58,106
up €58,106, from -€57,362 to €744
- Other debts +€52,124
up €52,124 (+45.9%), from €113,589 to €165,713
- Debts after one year -€47,924
down €47,924 (-6.6%), from €722,220 to €674,296
- Current portion of long-term debt -€27,654
down €27,654 (-34.4%), from €80,481 to €52,827
- Trade debts -€19,657
down €19,657 (-67.0%), from €29,352 to €9,695
- Gross operating margin +€152,743
up €152,743, from -€2,417 to €150,326
- Other operating charges -€67,721
down €67,721 (-99.4%), from €68,155 to €434
- Depreciation +€23,262
up €23,262 (+63.6%), from €36,558 to €59,821
- Financial charges +€6,159
up €6,159 (+24.5%), from €25,170 to €31,329
- Taxes -€3,669
down €3,669 (-85.2%), from €4,307 to €638
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 | €912,516 | €926,747 | +€14,231 | +1.6% |
| Fixed assets | 21/28 | €828,112 | €835,204 | +€7,092 | +0.9% |
| Tangible fixed assets | 22/27 | €828,112 | €835,204 | +€7,092 | +0.9% |
| Land and buildings | 22 | €766,029 | €778,977 | +€12,948 | +1.7% |
| Furniture and vehicles | 24 | €62,083 | €56,227 | -€5,856 | -9.4% |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €84,404 | €91,543 | +€7,139 | +8.5% |
| Amounts receivable within one year | 40/41 | €35,115 | €52,910 | +€17,795 | +50.7% |
| Trade receivables | 40 | €28,672 | €51,787 | +€23,116 | +80.6% |
| Other amounts receivable | 41 | €6,444 | €1,122 | -€5,321 | -82.6% |
| Cash at bank and in hand | 54/58 | €28,817 | €18,888 | -€9,929 | -34.5% |
| Deferred charges and accrued income | 490/1 | €20,472 | €19,746 | -€726 | -3.5% |
| Total equity and liabilities | 10/49 | €912,516 | €926,747 | +€14,231 | +1.6% |
| Equity | 10/15 | -€38,762 | €19,344 | +€58,106 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,362 | €744 | +€58,106 | |
| Amounts payable | 17/49 | €951,278 | €907,403 | -€43,875 | -4.6% |
| Amounts payable after more than one year | 17 | €722,220 | €674,296 | -€47,924 | -6.6% |
| Financial debts | 170/4 | €722,220 | €674,296 | -€47,924 | -6.6% |
| Amounts payable within one year | 42/48 | €229,058 | €230,709 | +€1,651 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €80,481 | €52,827 | -€27,654 | -34.4% |
| Trade debts | 44 | €29,352 | €9,695 | -€19,657 | -67.0% |
| Suppliers | 440/4 | €29,352 | €9,695 | -€19,657 | -67.0% |
| Taxes, remuneration and social security | 45 | €5,637 | €2,474 | -€3,162 | -56.1% |
| Taxes | 450/3 | €5,637 | €2,474 | -€3,162 | -56.1% |
| Other amounts payable | 47/48 | €113,589 | €165,713 | +€52,124 | +45.9% |
| Accrued charges and deferred income | 492/3 | - | €2,399 | +€2,399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,558 | €59,821 | +€23,262 | +63.6% |
| Other operating charges | 640/8 | €68,155 | €434 | -€67,721 | -99.4% |
| Gross operating margin | 9900 | -€2,417 | €150,326 | +€152,743 | |
| Operating profit (loss) | 9901 | -€107,130 | €90,072 | +€197,202 | |
| Financial income | 75/76B | €919 | €0 | -€919 | -100.0% |
| Recurring financial income | 75 | €919 | €0 | -€919 | -100.0% |
| Financial charges | 65/66B | €25,170 | €31,329 | +€6,159 | +24.5% |
| Recurring financial charges | 65 | €25,170 | €31,329 | +€6,159 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | -€131,381 | €58,743 | +€190,124 | |
| Income taxes | 67/77 | €4,307 | €638 | -€3,669 | -85.2% |
| Profit (loss) for the period | 9904 | -€135,687 | €58,106 | +€193,793 | |
| Profit (loss) for the period to be appropriated | 9905 | -€135,687 | €58,106 | +€193,793 |
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.