LA RELEVE: 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.
LA RELEVE
Largest movements
- Cash +€25,009
up €25,009 (+61.0%), from €41,024 to €66,033
mainly Tax, wage and social debts (+€23,061) and Net result for the year (+€19,711)
- Tangible fixed assets +€18,898
up €18,898 (+117%), from €16,116 to €35,014
of which Plant, machinery and equipment: +€16,698
- Stocks and contracts -€2,098
down €2,098 (-30.8%), from €6,804 to €4,706
of which Stocks: -€6,804
- Tax, wage and social debts +€23,061
up €23,061 (+181%), from €12,739 to €35,800
of which Remuneration and social security: +€31,224
- Profit (loss) carried forward +€19,711
up €19,711 (+1,467%), from €1,344 to €21,055
- Other debts -€7,273
down €7,273 (-61.3%), from €11,872 to €4,598
- Trade debts +€5,612
up €5,612 (+18.8%), from €29,890 to €35,503
- Turnover -€289,668
no longer reported in 2024 (was €289,668)
- Purchases and services +€65,600
up €65,600 (+26.2%), from €249,933 to €315,534
- Gross operating margin +€56,350
up €56,350 (+142%), from €39,735 to €96,085
- Staff costs +€25,259
up €25,259 (+84.0%), from €30,080 to €55,339
- Depreciation +€10,972
up €10,972 (+151%), from €7,252 to €18,223
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 | €65,405 | €106,516 | +€41,111 | +62.9% |
| Fixed assets | 21/28 | €16,266 | €35,164 | +€18,898 | +116% |
| Tangible fixed assets | 22/27 | €16,116 | €35,014 | +€18,898 | +117% |
| Plant, machinery and equipment | 23 | €16,116 | €32,814 | +€16,698 | +104% |
| Other tangible fixed assets | 26 | - | €2,200 | +€2,200 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €49,139 | €71,353 | +€22,213 | +45.2% |
| Stocks and contracts in progress | 3 | €6,804 | €4,706 | -€2,098 | -30.8% |
| Stocks | 30/36 | €6,804 | - | -€6,804 | |
| Contracts in progress | 37 | - | €4,706 | +€4,706 | |
| Cash at bank and in hand | 54/58 | €41,024 | €66,033 | +€25,009 | +61.0% |
| Deferred charges and accrued income | 490/1 | €1,311 | €614 | -€698 | -53.2% |
| Total equity and liabilities | 10/49 | €65,405 | €106,516 | +€41,111 | +62.9% |
| Equity | 10/15 | €9,404 | €29,115 | +€19,711 | +210% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,344 | €21,055 | +€19,711 | +1,467% |
| Amounts payable | 17/49 | €56,001 | €77,401 | +€21,400 | +38.2% |
| Amounts payable within one year | 42/48 | €54,501 | €75,901 | +€21,400 | +39.3% |
| Trade debts | 44 | €29,890 | €35,503 | +€5,612 | +18.8% |
| Suppliers | 440/4 | €29,890 | €35,503 | +€5,612 | +18.8% |
| Taxes, remuneration and social security | 45 | €12,739 | €35,800 | +€23,061 | +181% |
| Taxes | 450/3 | €8,163 | - | -€8,163 | |
| Remuneration and social security | 454/9 | €4,576 | €35,800 | +€31,224 | +682% |
| Other amounts payable | 47/48 | €11,872 | €4,598 | -€7,273 | -61.3% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Turnover | 70 | €289,668 | - | -€289,668 | |
| Goods, raw materials, services and sundry goods | 60/61 | €249,933 | €315,534 | +€65,600 | +26.2% |
| Remuneration, social security and pensions | 62 | €30,080 | €55,339 | +€25,259 | +84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,252 | €18,223 | +€10,972 | +151% |
| Other operating charges | 640/8 | €1,971 | €1,772 | -€199 | -10.1% |
| Gross operating margin | 9900 | €39,735 | €96,085 | +€56,350 | +142% |
| Operating profit (loss) | 9901 | €432 | €20,750 | +€20,318 | +4,704% |
| Financial income | 75/76B | €7,530 | €0 | -€7,530 | -100.0% |
| Recurring financial income | 75 | €7,530 | €0 | -€7,530 | -100.0% |
| Non-recurring financial income | 76B | €7,530 | - | -€7,530 | |
| Financial charges | 65/66B | €2,432 | €1,039 | -€1,393 | -57.3% |
| Recurring financial charges | 65 | €1,807 | €864 | -€943 | -52.2% |
| Non-recurring financial charges | 66B | €625 | €175 | -€450 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €5,530 | €19,711 | +€14,181 | +256% |
| Profit (loss) for the period | 9904 | €5,530 | €19,711 | +€14,181 | +256% |
| Profit (loss) for the period to be appropriated | 9905 | €5,530 | €19,711 | +€14,181 | +256% |
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 30 October 2026 via checked.be.