IT MODE: 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.
IT MODE
Largest movements
- Receivables within one year +€31,300
up €31,300 (+2,889%), from €1,084 to €32,384
of which Trade receivables: +€23,379
- Stocks and contracts -€16,191
down €16,191 (-37.8%), from €42,847 to €26,656
- Current investments +€12,078
up €12,078 (+33.4%), from €36,116 to €48,194
- Cash +€6,145
up €6,145 (+4.2%), from €145,088 to €151,234
mainly Net result for the year (+€32,704) and Trade debts (+€28,391)
- Intangible fixed assets -€5,145
down €5,145 (-45.7%), from €11,266 to €6,121
- Tax, wage and social debts -€38,774
down €38,774 (-29.4%), from €131,751 to €92,977
of which Taxes: -€42,345
- Reserves +€32,704
up €32,704 (+12.4%), from €264,237 to €296,941
of which Distributable reserves: +€32,704
- Trade debts +€28,391
up €28,391 (+130%), from €21,917 to €50,308
- Current portion of long-term debt +€4,682
new in 2024: €4,682
- Gross operating margin -€18,758
down €18,758 (-10.8%), from €173,405 to €154,647
- Staff costs +€6,518
up €6,518 (+7.3%), from €89,076 to €95,593
- Taxes -€6,194
down €6,194 (-27.4%), from €22,639 to €16,445
- Depreciation +€2,628
up €2,628 (+35.1%), from €7,480 to €10,107
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 | €427,787 | €451,108 | +€23,321 | +5.5% |
| Fixed assets | 21/28 | €32,279 | €22,268 | -€10,011 | -31.0% |
| Intangible fixed assets | 21 | €11,266 | €6,121 | -€5,145 | -45.7% |
| Tangible fixed assets | 22/27 | €11,239 | €6,276 | -€4,963 | -44.2% |
| Plant, machinery and equipment | 23 | €1,583 | €1,205 | -€377 | -23.8% |
| Furniture and vehicles | 24 | €8,308 | €3,996 | -€4,312 | -51.9% |
| Other tangible fixed assets | 26 | €1,348 | €1,075 | -€274 | -20.3% |
| Financial fixed assets | 28 | €9,774 | €9,871 | +€96 | +1.0% |
| Current assets | 29/58 | €395,507 | €428,840 | +€33,332 | +8.4% |
| Amounts receivable after more than one year | 29 | €170,372 | €170,372 | = | 0.0% |
| Other amounts receivable | 291 | €170,372 | €170,372 | = | 0.0% |
| Stocks and contracts in progress | 3 | €42,847 | €26,656 | -€16,191 | -37.8% |
| Stocks | 30/36 | €42,847 | €26,656 | -€16,191 | -37.8% |
| Amounts receivable within one year | 40/41 | €1,084 | €32,384 | +€31,300 | +2,889% |
| Trade receivables | 40 | - | €23,379 | +€23,379 | |
| Other amounts receivable | 41 | €1,084 | €9,005 | +€7,922 | +731% |
| Current investments | 50/53 | €36,116 | €48,194 | +€12,078 | +33.4% |
| Cash at bank and in hand | 54/58 | €145,088 | €151,234 | +€6,145 | +4.2% |
| Total equity and liabilities | 10/49 | €427,787 | €451,108 | +€23,321 | +5.5% |
| Equity | 10/15 | €270,437 | €303,141 | +€32,704 | +12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €264,237 | €296,941 | +€32,704 | +12.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €262,377 | €295,081 | +€32,704 | +12.5% |
| Amounts payable | 17/49 | €157,349 | €147,967 | -€9,383 | -6.0% |
| Amounts payable within one year | 42/48 | €153,668 | €147,967 | -€5,701 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,682 | +€4,682 | |
| Trade debts | 44 | €21,917 | €50,308 | +€28,391 | +130% |
| Suppliers | 440/4 | €21,917 | €50,308 | +€28,391 | +130% |
| Taxes, remuneration and social security | 45 | €131,751 | €92,977 | -€38,774 | -29.4% |
| Taxes | 450/3 | €114,886 | €72,541 | -€42,345 | -36.9% |
| Remuneration and social security | 454/9 | €16,865 | €20,436 | +€3,571 | +21.2% |
| Accrued charges and deferred income | 492/3 | €3,682 | - | -€3,682 | |
| Non-recurring operating income | 76A | - | €378 | +€378 | |
| Remuneration, social security and pensions | 62 | €89,076 | €95,593 | +€6,518 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,480 | €10,107 | +€2,628 | +35.1% |
| Other operating charges | 640/8 | €1,728 | €1,731 | +€3 | +0.2% |
| Non-recurring operating charges | 66A | €4,619 | - | -€4,619 | |
| Gross operating margin | 9900 | €173,405 | €154,647 | -€18,758 | -10.8% |
| Operating profit (loss) | 9901 | €70,502 | €47,215 | -€23,287 | -33.0% |
| Financial income | 75/76B | €5,156 | €5,268 | +€112 | +2.2% |
| Recurring financial income | 75 | €5,156 | €5,268 | +€112 | +2.2% |
| Financial charges | 65/66B | €3,070 | €3,334 | +€264 | +8.6% |
| Recurring financial charges | 65 | €3,070 | €3,334 | +€264 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €72,589 | €49,149 | -€23,440 | -32.3% |
| Income taxes | 67/77 | €22,639 | €16,445 | -€6,194 | -27.4% |
| Profit (loss) for the period | 9904 | €49,949 | €32,704 | -€17,245 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,949 | €32,704 | -€17,245 | -34.5% |
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 27 October 2026 via checked.be.