J8: 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.
J8
Largest movements
- Tangible fixed assets -€16,714
down €16,714 (-5.0%), from €335,127 to €318,414
of which Land and buildings: -€15,445
- Reserves +€62,577
up €62,577 (+18.3%), from €341,647 to €404,224
of which Distributable reserves: +€62,577
- Current portion of long-term debt -€49,468
down €49,468 (-100%), from €49,468 to €0
- Short-term financial debts -€46,861
down €46,861 (-100%), from €46,861 to €0
- Debts after one year -€27,310
down €27,310 (-13.7%), from €199,310 to €172,000
- Tax, wage and social debts +€26,204
up €26,204 (+47.5%), from €55,223 to €81,427
- Financial charges +€70,808
up €70,808 (+742%), from €9,539 to €80,347
- Gross operating margin +€40,382
up €40,382 (+29.5%), from €136,661 to €177,043
- Financial income +€7,782
up €7,782 (+66.3%), from €11,744 to €19,526
- Taxes -€3,645
down €3,645 (-10.2%), from €35,852 to €32,207
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €705,857 | €683,076 | -€22,781 | -3.2% |
| Fixed assets | 21/28 | €335,127 | €318,414 | -€16,714 | -5.0% |
| Tangible fixed assets | 22/27 | €335,127 | €318,414 | -€16,714 | -5.0% |
| Land and buildings | 22 | €327,172 | €311,726 | -€15,445 | -4.7% |
| Plant, machinery and equipment | 23 | €3,385 | €4,592 | +€1,206 | +35.6% |
| Furniture and vehicles | 24 | €4,571 | €2,096 | -€2,475 | -54.2% |
| Current assets | 29/58 | €370,729 | €364,663 | -€6,067 | -1.6% |
| Amounts receivable within one year | 40/41 | €369,094 | €362,238 | -€6,856 | -1.9% |
| Trade receivables | 40 | €29,735 | €56,704 | +€26,969 | +90.7% |
| Other amounts receivable | 41 | €339,359 | €305,534 | -€33,825 | -10.0% |
| Deferred charges and accrued income | 490/1 | €1,636 | €2,425 | +€789 | +48.2% |
| Total equity and liabilities | 10/49 | €705,857 | €683,076 | -€22,781 | -3.2% |
| Equity | 10/15 | €347,897 | €410,474 | +€62,577 | +18.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €341,647 | €404,224 | +€62,577 | +18.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €339,792 | €402,369 | +€62,577 | +18.4% |
| Amounts payable | 17/49 | €357,960 | €272,603 | -€85,357 | -23.8% |
| Amounts payable after more than one year | 17 | €199,310 | €172,000 | -€27,310 | -13.7% |
| Financial debts | 170/4 | €199,310 | €172,000 | -€27,310 | -13.7% |
| Amounts payable within one year | 42/48 | €155,906 | €98,037 | -€57,869 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €49,468 | €0 | -€49,468 | -100% |
| Financial debts | 43 | €46,861 | €0 | -€46,861 | -100% |
| Credit institutions | 430/8 | €46,861 | €0 | -€46,861 | -100% |
| Trade debts | 44 | €4,354 | €16,610 | +€12,256 | +282% |
| Suppliers | 440/4 | €4,354 | €16,610 | +€12,256 | +282% |
| Taxes, remuneration and social security | 45 | €55,223 | €81,427 | +€26,204 | +47.5% |
| Taxes | 450/3 | €55,223 | €81,427 | +€26,204 | +47.5% |
| Accrued charges and deferred income | 492/3 | €2,744 | €2,566 | -€178 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,030 | €19,023 | +€993 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,495 | €2,415 | -€80 | -3.2% |
| Gross operating margin | 9900 | €136,661 | €177,043 | +€40,382 | +29.5% |
| Operating profit (loss) | 9901 | €116,135 | €155,604 | +€39,469 | +34.0% |
| Financial income | 75/76B | €11,744 | €19,526 | +€7,782 | +66.3% |
| Recurring financial income | 75 | €11,744 | €19,526 | +€7,782 | +66.3% |
| Financial charges | 65/66B | €9,539 | €80,347 | +€70,808 | +742% |
| Recurring financial charges | 65 | €9,539 | €80,347 | +€70,808 | +742% |
| Profit (loss) for the period before taxes | 9903 | €118,340 | €94,783 | -€23,557 | -19.9% |
| Income taxes | 67/77 | €35,852 | €32,207 | -€3,645 | -10.2% |
| Profit (loss) for the period | 9904 | €82,488 | €62,577 | -€19,912 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,488 | €62,577 | -€19,912 | -24.1% |
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 15 October 2026 via checked.be.