Les 3 E: 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.
Les 3 E
Largest movements
- Tangible fixed assets +€24,613
up €24,613 (+54.2%), from €45,440 to €70,053
of which Other tangible fixed assets: +€34,757
- Cash -€9,511
down €9,511 (-38.4%), from €24,772 to €15,260
mainly Investment in fixed assets (net) (-€35,820) and Net result for the year (-€3,346)
- Receivables within one year +€2,614
up €2,614 (+11.6%), from €22,453 to €25,067
- Debts after one year +€14,722
up €14,722 (+86.3%), from €17,058 to €31,780
- Current portion of long-term debt +€6,218
up €6,218 (+47.3%), from €13,158 to €19,375
- Profit (loss) carried forward -€3,346
down €3,346 (-11.8%), from €28,250 to €24,904
- Trade debts -€1,728
down €1,728 (-13.3%), from €12,990 to €11,262
- Tax, wage and social debts +€1,539
up €1,539 (+6.8%), from €22,709 to €24,249
of which Taxes: +€1,787
- Gross operating margin -€9,371
down €9,371 (-11.0%), from €84,911 to €75,539
- Financial income -€8,368
down €8,368 (-95.1%), from €8,800 to €432
- Other operating charges +€3,364
up €3,364 (+59.2%), from €5,679 to €9,043
- Taxes -€3,327
down €3,327 (-60.4%), from €5,503 to €2,177
- Staff costs -€2,923
down €2,923 (-5.1%), from €57,390 to €54,467
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 | €104,164 | €121,570 | +€17,406 | +16.7% |
| Fixed assets | 21/28 | €45,565 | €70,178 | +€24,613 | +54.0% |
| Tangible fixed assets | 22/27 | €45,440 | €70,053 | +€24,613 | +54.2% |
| Plant, machinery and equipment | 23 | €15,376 | €13,305 | -€2,071 | -13.5% |
| Furniture and vehicles | 24 | €30,064 | €21,991 | -€8,073 | -26.9% |
| Other tangible fixed assets | 26 | - | €34,757 | +€34,757 | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €58,600 | €51,392 | -€7,208 | -12.3% |
| Stocks and contracts in progress | 3 | €10,528 | €9,985 | -€544 | -5.2% |
| Stocks | 30/36 | €10,528 | €9,985 | -€544 | -5.2% |
| Amounts receivable within one year | 40/41 | €22,453 | €25,067 | +€2,614 | +11.6% |
| Other amounts receivable | 41 | €22,453 | €25,067 | +€2,614 | +11.6% |
| Cash at bank and in hand | 54/58 | €24,772 | €15,260 | -€9,511 | -38.4% |
| Deferred charges and accrued income | 490/1 | €847 | €1,080 | +€233 | +27.5% |
| Total equity and liabilities | 10/49 | €104,164 | €121,570 | +€17,406 | +16.7% |
| Equity | 10/15 | €38,250 | €34,904 | -€3,346 | -8.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,250 | €24,904 | -€3,346 | -11.8% |
| Amounts payable | 17/49 | €65,914 | €86,666 | +€20,751 | +31.5% |
| Amounts payable after more than one year | 17 | €17,058 | €31,780 | +€14,722 | +86.3% |
| Financial debts | 170/4 | €17,058 | €31,780 | +€14,722 | +86.3% |
| Amounts payable within one year | 42/48 | €48,857 | €54,885 | +€6,029 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €13,158 | €19,375 | +€6,218 | +47.3% |
| Trade debts | 44 | €12,990 | €11,262 | -€1,728 | -13.3% |
| Suppliers | 440/4 | €12,990 | €11,262 | -€1,728 | -13.3% |
| Taxes, remuneration and social security | 45 | €22,709 | €24,249 | +€1,539 | +6.8% |
| Taxes | 450/3 | €13,125 | €14,912 | +€1,787 | +13.6% |
| Remuneration and social security | 454/9 | €9,585 | €9,337 | -€248 | -2.6% |
| Remuneration, social security and pensions | 62 | €57,390 | €54,467 | -€2,923 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,909 | €11,207 | +€2,297 | +25.8% |
| Other operating charges | 640/8 | €5,679 | €9,043 | +€3,364 | +59.2% |
| Gross operating margin | 9900 | €84,911 | €75,539 | -€9,371 | -11.0% |
| Operating profit (loss) | 9901 | €12,933 | €823 | -€12,110 | -93.6% |
| Financial income | 75/76B | €8,800 | €432 | -€8,368 | -95.1% |
| Recurring financial income | 75 | €8,800 | €432 | -€8,368 | -95.1% |
| Financial charges | 65/66B | €1,403 | €2,424 | +€1,021 | +72.8% |
| Recurring financial charges | 65 | €1,403 | €2,424 | +€1,021 | +72.8% |
| Profit (loss) for the period before taxes | 9903 | €20,330 | -€1,169 | -€21,499 | |
| Income taxes | 67/77 | €5,503 | €2,177 | -€3,327 | -60.4% |
| Profit (loss) for the period | 9904 | €14,827 | -€3,346 | -€18,172 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,827 | -€3,346 | -€18,172 |
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 9 October 2026 via checked.be.