INDIRECT BUSINESS: 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.
INDIRECT BUSINESS
Largest movements
- Tangible fixed assets -€19,382
down €19,382 (-4.1%), from €469,749 to €450,367
of which Land and buildings: -€16,588
- Cash -€5,815
down €5,815 (-6.7%), from €86,749 to €80,935
mainly Other debts (-€75,791) and Investment in fixed assets (net) (-€9,419)
- Other debts -€75,791
down €75,791 (-7.0%), from €1.1m to €1.0m
- Profit (loss) carried forward +€55,198
up €55,198 (+10.2%), from -€543,648 to -€488,450
- Gross operating margin +€71,509
up €71,509 (+444%), from €16,113 to €87,623
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 | €557,901 | €537,333 | -€20,569 | -3.7% |
| Fixed assets | 21/28 | €469,749 | €450,367 | -€19,382 | -4.1% |
| Tangible fixed assets | 22/27 | €469,749 | €450,367 | -€19,382 | -4.1% |
| Land and buildings | 22 | €462,262 | €445,673 | -€16,588 | -3.6% |
| Furniture and vehicles | 24 | - | €4,694 | +€4,694 | |
| Assets under construction and advance payments | 27 | €7,487 | €0 | -€7,487 | -100% |
| Current assets | 29/58 | €88,152 | €86,965 | -€1,187 | -1.3% |
| Amounts receivable within one year | 40/41 | €1,308 | €6,031 | +€4,723 | +361% |
| Other amounts receivable | 41 | €1,308 | €6,031 | +€4,723 | +361% |
| Cash at bank and in hand | 54/58 | €86,749 | €80,935 | -€5,815 | -6.7% |
| Deferred charges and accrued income | 490/1 | €95 | €0 | -€95 | -100% |
| Total equity and liabilities | 10/49 | €557,901 | €537,333 | -€20,569 | -3.7% |
| Equity | 10/15 | -€525,048 | -€469,850 | +€55,198 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€543,648 | -€488,450 | +€55,198 | +10.2% |
| Amounts payable | 17/49 | €1,082,949 | €1,007,183 | -€75,767 | -7.0% |
| Amounts payable within one year | 42/48 | €1,082,949 | €1,007,183 | -€75,767 | -7.0% |
| Trade debts | 44 | €1,091 | €1,115 | +€24 | +2.2% |
| Suppliers | 440/4 | €1,091 | €1,115 | +€24 | +2.2% |
| Other amounts payable | 47/48 | €1,081,859 | €1,006,068 | -€75,791 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,933 | €28,801 | +€868 | +3.1% |
| Other operating charges | 640/8 | €2,867 | €3,435 | +€568 | +19.8% |
| Gross operating margin | 9900 | €16,113 | €87,623 | +€71,509 | +444% |
| Operating profit (loss) | 9901 | -€14,687 | €55,387 | +€70,074 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €248 | €189 | -€60 | -24.1% |
| Recurring financial charges | 65 | €248 | €189 | -€60 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,935 | €55,198 | +€70,133 | |
| Profit (loss) for the period | 9904 | -€14,935 | €55,198 | +€70,133 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,935 | €55,198 | +€70,133 |
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 26 October 2026 via checked.be.