LEAN: 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.
LEAN
Largest movements
- Current investments -€133,495
down €133,495 (-3.1%), from €4.3m to €4.2m
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€42,069
up €42,069 (+32.4%), from -€130,000 to -€87,931
- Financial income +€6,935
up €6,935 (+12.2%), from €56,899 to €63,834
- Other operating charges +€4,291
up €4,291 (+31.9%), from €13,439 to €17,730
- Financial charges -€1,394
down €1,394 (-14.4%), from €9,648 to €8,254
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 | €5,097,533 | €5,047,452 | -€50,081 | -1.0% |
| Fixed assets | 21/28 | €127,690 | €130,822 | +€3,131 | +2.5% |
| Tangible fixed assets | 22/27 | €125,590 | €128,722 | +€3,131 | +2.5% |
| Land and buildings | 22 | €96,227 | €95,227 | -€1,000 | -1.0% |
| Plant, machinery and equipment | 23 | €1,344 | €5,475 | +€4,131 | +307.4% |
| Furniture and vehicles | 24 | €28,019 | €28,019 | = | 0.0% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €4,969,843 | €4,916,630 | -€53,213 | -1.1% |
| Amounts receivable within one year | 40/41 | €153,244 | €192,176 | +€38,932 | +25.4% |
| Trade receivables | 40 | €18,102 | €11,438 | -€6,663 | -36.8% |
| Other amounts receivable | 41 | €135,142 | €180,737 | +€45,596 | +33.7% |
| Current investments | 50/53 | €4,292,687 | €4,159,191 | -€133,495 | -3.1% |
| Cash at bank and in hand | 54/58 | €519,433 | €560,586 | +€41,153 | +7.9% |
| Deferred charges and accrued income | 490/1 | €4,480 | €4,677 | +€197 | +4.4% |
| Total equity and liabilities | 10/49 | €5,097,533 | €5,047,452 | -€50,081 | -1.0% |
| Equity | 10/15 | €5,097,533 | €5,047,452 | -€50,081 | -1.0% |
| Contributions | 10/11 | €1,837,200 | €1,837,200 | = | 0.0% |
| Outside capital | 11 | €1,837,200 | €1,837,200 | = | 0.0% |
| Other | 1109/19 | €1,837,200 | €1,837,200 | = | 0.0% |
| Reserves | 13 | €3,462,155 | €3,462,155 | = | 0.0% |
| Non-distributable reserves | 130/1 | €183,720 | €183,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €183,720 | €183,720 | = | 0.0% |
| Tax-exempt reserves | 132 | €704,463 | €704,463 | = | 0.0% |
| Distributable reserves | 133 | €2,573,972 | €2,573,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€201,822 | -€251,903 | -€50,081 | -24.8% |
| Other operating charges | 640/8 | €13,439 | €17,730 | +€4,291 | +31.9% |
| Gross operating margin | 9900 | -€130,000 | -€87,931 | +€42,069 | +32.4% |
| Operating profit (loss) | 9901 | -€143,439 | -€105,661 | +€37,778 | +26.3% |
| Financial income | 75/76B | €56,899 | €63,834 | +€6,935 | +12.2% |
| Recurring financial income | 75 | €56,899 | €63,834 | +€6,935 | +12.2% |
| Financial charges | 65/66B | €9,648 | €8,254 | -€1,394 | -14.4% |
| Recurring financial charges | 65 | €9,648 | €8,254 | -€1,394 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€96,188 | -€50,081 | +€46,107 | +47.9% |
| Income taxes | 67/77 | -€1,022 | - | +€1,022 | |
| Profit (loss) for the period | 9904 | -€95,167 | -€50,081 | +€45,085 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,167 | -€50,081 | +€45,085 | +47.4% |
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 7 October 2026 via checked.be.