L B: 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.
L B
Largest movements
- Cash -€51,891
down €51,891 (-46.9%), from €110,731 to €58,840
mainly Debts after one year (-€38,241) and Tax, wage and social debts (-€35,377)
- Tangible fixed assets -€29,219
down €29,219 (-3.7%), from €783,231 to €754,012
of which Land and buildings: -€20,188
- Receivables within one year +€23,606
up €23,606 (+188.5%), from €12,523 to €36,129
of which Trade receivables: +€14,861
- Debts after one year -€38,241
down €38,241 (-7.5%), from €507,966 to €469,725
- Tax, wage and social debts -€35,377
down €35,377 (-71.4%), from €49,582 to €14,205
- Reserves +€16,381
up €16,381 (+6.3%), from €260,602 to €276,983
- Gross operating margin -€42,505
down €42,505 (-36.0%), from €117,954 to €75,449
- Taxes -€12,127
down €12,127 (-66.3%), from €18,284 to €6,156
- Other operating charges -€2,281
down €2,281 (-12.8%), from €17,770 to €15,488
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 | €932,580 | €869,688 | -€62,892 | -6.7% |
| Fixed assets | 21/28 | €783,286 | €754,067 | -€29,219 | -3.7% |
| Tangible fixed assets | 22/27 | €783,231 | €754,012 | -€29,219 | -3.7% |
| Land and buildings | 22 | €755,586 | €735,398 | -€20,188 | -2.7% |
| Plant, machinery and equipment | 23 | €10,142 | €7,887 | -€2,255 | -22.2% |
| Furniture and vehicles | 24 | €17,503 | €10,727 | -€6,775 | -38.7% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €149,294 | €115,620 | -€33,674 | -22.6% |
| Stocks and contracts in progress | 3 | €20,000 | €20,000 | = | 0.0% |
| Stocks | 30/36 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,523 | €36,129 | +€23,606 | +188.5% |
| Trade receivables | 40 | €11,455 | €26,316 | +€14,861 | +129.7% |
| Other amounts receivable | 41 | €1,068 | €9,813 | +€8,746 | +819.1% |
| Cash at bank and in hand | 54/58 | €110,731 | €58,840 | -€51,891 | -46.9% |
| Deferred charges and accrued income | 490/1 | €6,040 | €652 | -€5,388 | -89.2% |
| Total equity and liabilities | 10/49 | €932,580 | €869,688 | -€62,892 | -6.7% |
| Equity | 10/15 | €285,402 | €301,783 | +€16,381 | +5.7% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €260,602 | €276,983 | +€16,381 | +6.3% |
| Distributable reserves | 133 | €260,602 | €276,983 | +€16,381 | +6.3% |
| Amounts payable | 17/49 | €647,178 | €567,904 | -€79,274 | -12.2% |
| Amounts payable after more than one year | 17 | €507,966 | €469,725 | -€38,241 | -7.5% |
| Financial debts | 170/4 | €507,966 | €469,725 | -€38,241 | -7.5% |
| Amounts payable within one year | 42/48 | €139,212 | €98,180 | -€41,033 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €32,430 | €31,020 | -€1,410 | -4.3% |
| Trade debts | 44 | €8,699 | €4,454 | -€4,245 | -48.8% |
| Suppliers | 440/4 | €8,699 | €4,454 | -€4,245 | -48.8% |
| Advances received on contracts in progress | 46 | €48,501 | €48,501 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €49,582 | €14,205 | -€35,377 | -71.4% |
| Taxes | 450/3 | €49,582 | €14,205 | -€35,377 | -71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,402 | €29,219 | -€184 | -0.6% |
| Other operating charges | 640/8 | €17,770 | €15,488 | -€2,281 | -12.8% |
| Gross operating margin | 9900 | €117,954 | €75,449 | -€42,505 | -36.0% |
| Operating profit (loss) | 9901 | €70,782 | €30,742 | -€40,040 | -56.6% |
| Financial income | 75/76B | €555 | €0 | -€555 | -100.0% |
| Recurring financial income | 75 | €555 | €0 | -€555 | -100.0% |
| Financial charges | 65/66B | €8,643 | €8,205 | -€438 | -5.1% |
| Recurring financial charges | 65 | €8,643 | €8,205 | -€438 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €62,695 | €22,538 | -€40,157 | -64.1% |
| Income taxes | 67/77 | €18,284 | €6,156 | -€12,127 | -66.3% |
| Profit (loss) for the period | 9904 | €44,412 | €16,381 | -€28,030 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,412 | €16,381 | -€28,030 | -63.1% |
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 6 October 2026 via checked.be.