LE BUT: 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.
LE BUT
Largest movements
- Cash -€42,408
down €42,408 (-90.2%), from €47,024 to €4,616
mainly Advances received (-€59,084) and Trade debts (-€15,296)
- Receivables within one year -€34,472
down €34,472 (-19.7%), from €174,787 to €140,315
of which Trade receivables: -€29,380
- Deferred charges and accrued income +€4,836
new in 2024: €4,836
- Advances received -€59,084
down €59,084 (-100%), from €59,084 to €0
- Trade debts -€15,296
down €15,296 (-23.5%), from €65,034 to €49,738
- Debts after one year -€14,806
down €14,806 (-32.9%), from €45,044 to €30,237
- Profit (loss) carried forward +€14,013
up €14,013, from -€8,360 to €5,653
- Reserves -€2,400
down €2,400 (-10.7%), from €22,400 to €20,000
of which Distributable reserves: -€2,400
- Purchases and services +€198,123
new in 2024: €198,123
- Turnover +€195,368
new in 2024: €195,368
- Gross operating margin -€22,177
down €22,177 (-45.2%), from €49,100 to €26,923
- Depreciation -€13,009
down €13,009 (-88.7%), from €14,667 to €1,658
- Financial income +€6,890
up €6,890 (+6,888%), from €100 to €6,990
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 | €234,725 | €161,024 | -€73,702 | -31.4% |
| Fixed assets | 21/28 | €12,914 | €11,256 | -€1,658 | -12.8% |
| Tangible fixed assets | 22/27 | €12,914 | €11,256 | -€1,658 | -12.8% |
| Plant, machinery and equipment | 23 | €4,036 | €3,537 | -€498 | -12.3% |
| Furniture and vehicles | 24 | €8,878 | €7,719 | -€1,160 | -13.1% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €221,811 | €149,768 | -€72,044 | -32.5% |
| Amounts receivable within one year | 40/41 | €174,787 | €140,315 | -€34,472 | -19.7% |
| Trade receivables | 40 | €58,796 | €29,416 | -€29,380 | -50.0% |
| Other amounts receivable | 41 | €115,991 | €110,899 | -€5,092 | -4.4% |
| Cash at bank and in hand | 54/58 | €47,024 | €4,616 | -€42,408 | -90.2% |
| Deferred charges and accrued income | 490/1 | - | €4,836 | +€4,836 | |
| Total equity and liabilities | 10/49 | €234,725 | €161,024 | -€73,702 | -31.4% |
| Equity | 10/15 | €34,940 | €46,553 | +€11,613 | +33.2% |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Reserves | 13 | €22,400 | €20,000 | -€2,400 | -10.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €22,400 | €20,000 | -€2,400 | -10.7% |
| Profit (loss) carried forward | 14 | -€8,360 | €5,653 | +€14,013 | |
| Amounts payable | 17/49 | €199,785 | €114,471 | -€85,314 | -42.7% |
| Amounts payable after more than one year | 17 | €45,044 | €30,237 | -€14,806 | -32.9% |
| Financial debts | 170/4 | €45,044 | €30,237 | -€14,806 | -32.9% |
| Amounts payable within one year | 42/48 | €154,741 | €84,233 | -€70,508 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €14,602 | €14,806 | +€204 | +1.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €65,034 | €49,738 | -€15,296 | -23.5% |
| Suppliers | 440/4 | €65,034 | €49,738 | -€15,296 | -23.5% |
| Advances received on contracts in progress | 46 | €59,084 | €0 | -€59,084 | -100% |
| Taxes, remuneration and social security | 45 | €16,021 | €17,289 | +€1,268 | +7.9% |
| Taxes | 450/3 | €14,523 | €17,289 | +€2,766 | +19.0% |
| Remuneration and social security | 454/9 | €1,498 | €0 | -€1,498 | -100% |
| Other amounts payable | 47/48 | €0 | €2,400 | +€2,400 | |
| Turnover | 70 | - | €195,368 | +€195,368 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €198,123 | +€198,123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,667 | €1,658 | -€13,009 | -88.7% |
| Other operating charges | 640/8 | €13,336 | €6,929 | -€6,407 | -48.0% |
| Gross operating margin | 9900 | €49,100 | €26,923 | -€22,177 | -45.2% |
| Operating profit (loss) | 9901 | €21,096 | €18,336 | -€2,761 | -13.1% |
| Financial income | 75/76B | €100 | €6,990 | +€6,890 | +6,888% |
| Recurring financial income | 75 | €100 | €6,990 | +€6,890 | +6,888% |
| Financial charges | 65/66B | €3,910 | €2,735 | -€1,174 | -30.0% |
| Recurring financial charges | 65 | €3,910 | €2,735 | -€1,174 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €17,287 | €22,590 | +€5,303 | +30.7% |
| Income taxes | 67/77 | €7,227 | €8,577 | +€1,350 | +18.7% |
| Profit (loss) for the period | 9904 | €10,060 | €14,013 | +€3,953 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,060 | €14,013 | +€3,953 | +39.3% |
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 18 October 2026 via checked.be.