INFOSQUARE: 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.
INFOSQUARE
Largest movements
- Cash -€114,100
down €114,100 (-19.1%), from €597,460 to €483,360
mainly Debts after one year (-€132,400) and Tax, wage and social debts (-€108,276)
- Receivables within one year +€51,321
up €51,321 (+10.2%), from €503,000 to €554,321
of which Other amounts receivable: +€28,842
- Financial fixed assets +€32,438
up €32,438 (+2.4%), from €1.4m to €1.4m
- Debts after one year -€132,400
down €132,400 (-89.3%), from €148,293 to €15,893
- Current portion of long-term debt +€118,085
up €118,085 (+1,033%), from €11,435 to €129,520
- Reserves +€116,658
up €116,658 (+12.7%), from €918,965 to €1.0m
of which Distributable reserves: +€660,135
- Tax, wage and social debts -€108,276
down €108,276 (-51.7%), from €209,258 to €100,982
of which Taxes: -€105,219
- Other debts -€90,000
down €90,000 (-78.7%), from €114,374 to €24,374
- Financial income -€447,743
down €447,743 (-99.5%), from €450,000 to €2,257
- Staff costs +€80,256
up €80,256 (+13.5%), from €596,407 to €676,663
- Gross operating margin +€51,377
up €51,377 (+5.8%), from €885,175 to €936,552
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 | €2,895,758 | €2,845,904 | -€49,854 | -1.7% |
| Fixed assets | 21/28 | €1,432,515 | €1,440,062 | +€7,547 | +0.5% |
| Intangible fixed assets | 21 | €840 | €232 | -€608 | -72.4% |
| Tangible fixed assets | 22/27 | €72,873 | €48,590 | -€24,283 | -33.3% |
| Furniture and vehicles | 24 | €72,873 | €48,590 | -€24,283 | -33.3% |
| Financial fixed assets | 28 | €1,358,802 | €1,391,241 | +€32,438 | +2.4% |
| Current assets | 29/58 | €1,463,242 | €1,405,842 | -€57,401 | -3.9% |
| Amounts receivable within one year | 40/41 | €503,000 | €554,321 | +€51,321 | +10.2% |
| Trade receivables | 40 | €388,471 | €410,950 | +€22,479 | +5.8% |
| Other amounts receivable | 41 | €114,529 | €143,371 | +€28,842 | +25.2% |
| Current investments | 50/53 | €356,888 | €356,888 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €597,460 | €483,360 | -€114,100 | -19.1% |
| Deferred charges and accrued income | 490/1 | €5,895 | €11,273 | +€5,378 | +91.2% |
| Total equity and liabilities | 10/49 | €2,895,758 | €2,845,904 | -€49,854 | -1.7% |
| Equity | 10/15 | €2,104,337 | €2,301,262 | +€196,925 | +9.4% |
| Contributions | 10/11 | - | €18,600 | +€18,600 | |
| Revaluation surpluses | 12 | €1,214,601 | €1,247,040 | +€32,438 | +2.7% |
| Reserves | 13 | €918,965 | €1,035,623 | +€116,658 | +12.7% |
| Non-distributable reserves | 130/1 | €900,365 | €356,888 | -€543,478 | -60.4% |
| Reserves not available under the articles | 1311 | €356,888 | - | -€356,888 | |
| Other | 1319 | €543,478 | €356,888 | -€186,590 | -34.3% |
| Distributable reserves | 133 | €18,600 | €678,735 | +€660,135 | +3,549% |
| Profit (loss) carried forward | 14 | -€29,229 | €0 | +€29,229 | |
| Amounts payable | 17/49 | €791,421 | €544,642 | -€246,779 | -31.2% |
| Amounts payable after more than one year | 17 | €148,293 | €15,893 | -€132,400 | -89.3% |
| Financial debts | 170/4 | €148,293 | €15,893 | -€132,400 | -89.3% |
| Amounts payable within one year | 42/48 | €619,256 | €510,716 | -€108,540 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €11,435 | €129,520 | +€118,085 | +1,033% |
| Trade debts | 44 | €284,189 | €255,840 | -€28,349 | -10.0% |
| Suppliers | 440/4 | €284,189 | €255,840 | -€28,349 | -10.0% |
| Taxes, remuneration and social security | 45 | €209,258 | €100,982 | -€108,276 | -51.7% |
| Taxes | 450/3 | €137,919 | €32,701 | -€105,219 | -76.3% |
| Remuneration and social security | 454/9 | €71,338 | €68,281 | -€3,058 | -4.3% |
| Other amounts payable | 47/48 | €114,374 | €24,374 | -€90,000 | -78.7% |
| Accrued charges and deferred income | 492/3 | €23,872 | €18,033 | -€5,839 | -24.5% |
| Remuneration, social security and pensions | 62 | €596,407 | €676,663 | +€80,256 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,338 | €28,484 | +€5,146 | +22.0% |
| Other operating charges | 640/8 | €2,914 | €2,093 | -€822 | -28.2% |
| Gross operating margin | 9900 | €885,175 | €936,552 | +€51,377 | +5.8% |
| Operating profit (loss) | 9901 | €262,516 | €229,312 | -€33,204 | -12.6% |
| Financial income | 75/76B | €450,000 | €2,257 | -€447,743 | -99.5% |
| Recurring financial income | 75 | €450,000 | €2,257 | -€447,743 | -99.5% |
| Financial charges | 65/66B | €3,592 | €1,488 | -€2,104 | -58.6% |
| Recurring financial charges | 65 | €3,592 | €1,488 | -€2,104 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €708,924 | €230,081 | -€478,843 | -67.5% |
| Income taxes | 67/77 | €71,034 | €65,594 | -€5,440 | -7.7% |
| Profit (loss) for the period | 9904 | €637,890 | €164,487 | -€473,403 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €637,890 | €164,487 | -€473,403 | -74.2% |
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 14 October 2026 via checked.be.