L & S: 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.
L & S
Largest movements
- Tangible fixed assets +€68,440
up €68,440 (+17.2%), from €399,018 to €467,459
of which Furniture and vehicles: +€100,104
- Current investments +€24,691
new in 2024: €24,691
- Receivables within one year -€22,458
down €22,458 (-49.3%), from €45,532 to €23,074
of which Other amounts receivable: -€22,936
- Cash +€8,078
up €8,078 (+21.9%), from €36,940 to €45,018
mainly Depreciation (+€53,410) and Debts after one year (+€36,754)
- Debts after one year +€36,754
up €36,754 (+8.9%), from €411,742 to €448,496
- Current portion of long-term debt +€21,571
up €21,571 (+84.5%), from €25,513 to €47,083
- Other debts +€16,476
up €16,476 (+40.1%), from €41,103 to €57,579
- Other operating charges +€11,110
up €11,110 (+234%), from €4,752 to €15,862
- Depreciation +€11,049
up €11,049 (+26.1%), from €42,361 to €53,410
- Gross operating margin +€10,269
up €10,269 (+11.1%), from €92,682 to €102,951
- Taxes -€1,149
down €1,149 (-12.1%), from €9,528 to €8,379
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 | €588,259 | €667,871 | +€79,611 | +13.5% |
| Fixed assets | 21/28 | €505,787 | €574,228 | +€68,440 | +13.5% |
| Tangible fixed assets | 22/27 | €399,018 | €467,459 | +€68,440 | +17.2% |
| Furniture and vehicles | 24 | €3,252 | €103,356 | +€100,104 | +3,078% |
| Other tangible fixed assets | 26 | €395,766 | €364,102 | -€31,664 | -8.0% |
| Financial fixed assets | 28 | €106,769 | €106,769 | = | 0.0% |
| Current assets | 29/58 | €82,472 | €93,643 | +€11,171 | +13.5% |
| Amounts receivable within one year | 40/41 | €45,532 | €23,074 | -€22,458 | -49.3% |
| Trade receivables | 40 | €16,407 | €16,885 | +€478 | +2.9% |
| Other amounts receivable | 41 | €29,126 | €6,189 | -€22,936 | -78.7% |
| Current investments | 50/53 | - | €24,691 | +€24,691 | |
| Cash at bank and in hand | 54/58 | €36,940 | €45,018 | +€8,078 | +21.9% |
| Deferred charges and accrued income | 490/1 | - | €860 | +€860 | |
| Total equity and liabilities | 10/49 | €588,259 | €667,871 | +€79,611 | +13.5% |
| Equity | 10/15 | €94,391 | €94,391 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €100,033 | €100,033 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €210 | €210 | = | 0.0% |
| Distributable reserves | 133 | €97,969 | €97,969 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,192 | -€24,192 | = | 0.0% |
| Amounts payable | 17/49 | €493,869 | €573,480 | +€79,611 | +16.1% |
| Amounts payable after more than one year | 17 | €411,742 | €448,496 | +€36,754 | +8.9% |
| Financial debts | 170/4 | €411,742 | €448,496 | +€36,754 | +8.9% |
| Amounts payable within one year | 42/48 | €80,427 | €122,384 | +€41,957 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €25,513 | €47,083 | +€21,571 | +84.5% |
| Financial debts | 43 | €963 | €1,397 | +€435 | +45.1% |
| Credit institutions | 430/8 | €963 | €1,397 | +€435 | +45.1% |
| Trade debts | 44 | €2,669 | €3,878 | +€1,210 | +45.3% |
| Suppliers | 440/4 | €2,669 | €3,878 | +€1,210 | +45.3% |
| Taxes, remuneration and social security | 45 | €10,179 | €12,446 | +€2,267 | +22.3% |
| Taxes | 450/3 | €10,018 | €12,285 | +€2,267 | +22.6% |
| Remuneration and social security | 454/9 | €161 | €161 | = | 0.0% |
| Other amounts payable | 47/48 | €41,103 | €57,579 | +€16,476 | +40.1% |
| Accrued charges and deferred income | 492/3 | €1,700 | €2,600 | +€900 | +52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,361 | €53,410 | +€11,049 | +26.1% |
| Other operating charges | 640/8 | €4,752 | €15,862 | +€11,110 | +234% |
| Gross operating margin | 9900 | €92,682 | €102,951 | +€10,269 | +11.1% |
| Operating profit (loss) | 9901 | €45,569 | €33,679 | -€11,889 | -26.1% |
| Financial income | 75/76B | €3,542 | €4,523 | +€981 | +27.7% |
| Recurring financial income | 75 | €3,542 | €4,523 | +€981 | +27.7% |
| Financial charges | 65/66B | €9,617 | €10,333 | +€716 | +7.4% |
| Recurring financial charges | 65 | €9,617 | €10,333 | +€716 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €39,493 | €27,870 | -€11,624 | -29.4% |
| Income taxes | 67/77 | €9,528 | €8,379 | -€1,149 | -12.1% |
| Profit (loss) for the period | 9904 | €29,965 | €19,490 | -€10,475 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,965 | €19,490 | -€10,475 | -35.0% |
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.