IDFR: 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.
IDFR
Largest movements
- Receivables within one year +€544,157
up €544,157 (+359.5%), from €151,356 to €695,513
of which Trade receivables: +€508,426
- Cash -€148,126
down €148,126 (-56.4%), from €262,800 to €114,674
mainly Receivables within one year (-€544,157) and Investment in fixed assets (net) (-€27,269)
- Tangible fixed assets -€39,563
down €39,563 (-15.0%), from €264,468 to €224,905
of which Furniture and vehicles: -€25,957
- Profit (loss) carried forward +€233,281
up €233,281 (+52.8%), from €441,702 to €674,983
- Trade debts +€61,034
up €61,034 (+47.3%), from €129,043 to €190,077
- Tax, wage and social debts +€41,584
up €41,584 (+141.5%), from €29,393 to €70,977
of which Taxes: +€32,609
- Short-term financial debts +€29,060
up €29,060 (+157.6%), from €18,438 to €47,498
- Gross operating margin +€281,184
up €281,184 (+78.0%), from €360,611 to €641,795
- Taxes +€62,216
up €62,216 (+351.3%), from €17,711 to €79,927
- Staff costs +€48,813
up €48,813 (+24.6%), from €198,514 to €247,327
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 | €698,358 | €1,057,541 | +€359,184 | +51.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €264,468 | €224,905 | -€39,563 | -15.0% |
| Tangible fixed assets | 22/27 | €264,468 | €224,905 | -€39,563 | -15.0% |
| Plant, machinery and equipment | 23 | €190,133 | €176,527 | -€13,606 | -7.2% |
| Furniture and vehicles | 24 | €74,335 | €48,378 | -€25,957 | -34.9% |
| Current assets | 29/58 | €433,890 | €832,637 | +€398,747 | +91.9% |
| Stocks and contracts in progress | 3 | €19,734 | €22,451 | +€2,716 | +13.8% |
| Stocks | 30/36 | €19,734 | €22,451 | +€2,716 | +13.8% |
| Amounts receivable within one year | 40/41 | €151,356 | €695,513 | +€544,157 | +359.5% |
| Trade receivables | 40 | €41,542 | €549,968 | +€508,426 | +1223.9% |
| Other amounts receivable | 41 | €109,814 | €145,545 | +€35,731 | +32.5% |
| Cash at bank and in hand | 54/58 | €262,800 | €114,674 | -€148,126 | -56.4% |
| Total equity and liabilities | 10/49 | €698,358 | €1,057,541 | +€359,184 | +51.4% |
| Equity | 10/15 | €514,662 | €747,943 | +€233,281 | +45.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €52,500 | €52,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,500 | €52,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €441,702 | €674,983 | +€233,281 | +52.8% |
| Amounts payable | 17/49 | €183,695 | €309,599 | +€125,903 | +68.5% |
| Amounts payable within one year | 42/48 | €183,695 | €309,599 | +€125,903 | +68.5% |
| Current portion of amounts payable after more than one year | 42 | €5,775 | - | -€5,775 | |
| Financial debts | 43 | €18,438 | €47,498 | +€29,060 | +157.6% |
| Credit institutions | 430/8 | €18,438 | €47,498 | +€29,060 | +157.6% |
| Trade debts | 44 | €129,043 | €190,077 | +€61,034 | +47.3% |
| Suppliers | 440/4 | €129,043 | €190,077 | +€61,034 | +47.3% |
| Taxes, remuneration and social security | 45 | €29,393 | €70,977 | +€41,584 | +141.5% |
| Taxes | 450/3 | €14,121 | €46,730 | +€32,609 | +230.9% |
| Remuneration and social security | 454/9 | €15,272 | €24,247 | +€8,975 | +58.8% |
| Other amounts payable | 47/48 | €1,047 | €1,047 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €198,514 | €247,327 | +€48,813 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,310 | €66,832 | -€5,478 | -7.6% |
| Other operating charges | 640/8 | €979 | €1,629 | +€650 | +66.5% |
| Gross operating margin | 9900 | €360,611 | €641,795 | +€281,184 | +78.0% |
| Operating profit (loss) | 9901 | €88,808 | €326,007 | +€237,199 | +267.1% |
| Financial income | 75/76B | €561 | €322 | -€239 | -42.6% |
| Recurring financial income | 75 | €561 | €322 | -€239 | -42.6% |
| Financial charges | 65/66B | €12,338 | €13,121 | +€784 | +6.4% |
| Recurring financial charges | 65 | €12,338 | €13,121 | +€784 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €77,031 | €313,207 | +€236,176 | +306.6% |
| Income taxes | 67/77 | €17,711 | €79,927 | +€62,216 | +351.3% |
| Profit (loss) for the period | 9904 | €59,320 | €233,281 | +€173,960 | +293.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,320 | €233,281 | +€173,960 | +293.3% |
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.