LessIsMore: 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.
LessIsMore
Largest movements
- Current investments +€60,069
up €60,069 (+38.2%), from €157,300 to €217,369
- Receivables within one year -€22,935
down €22,935 (-61.5%), from €37,298 to €14,363
of which Trade receivables: -€15,403
- Receivables after one year -€17,031
down €17,031 (-15.9%), from €106,779 to €89,748
- Tangible fixed assets +€11,059
up €11,059 (+10.6%), from €104,289 to €115,348
of which Furniture and vehicles: +€22,017
- Other debts +€60,040
up €60,040 (+21.1%), from €284,390 to €344,430
- Debts after one year -€28,779
down €28,779 (-47.0%), from €61,204 to €32,425
- Taxes -€40,816
down €40,816 (-88.4%), from €46,159 to €5,343
- Financial income +€4,206
up €4,206 (+1,065%), from €395 to €4,601
- Depreciation +€3,357
up €3,357 (+26.7%), from €12,586 to €15,943
- Financial charges -€1,106
down €1,106 (-23.5%), from €4,714 to €3,607
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 | €486,031 | €526,302 | +€40,271 | +8.3% |
| Fixed assets | 21/28 | €104,289 | €115,348 | +€11,059 | +10.6% |
| Tangible fixed assets | 22/27 | €104,289 | €115,348 | +€11,059 | +10.6% |
| Land and buildings | 22 | €101,714 | €89,394 | -€12,319 | -12.1% |
| Plant, machinery and equipment | 23 | €745 | €2,107 | +€1,362 | +183% |
| Furniture and vehicles | 24 | €1,830 | €23,846 | +€22,017 | +1,203% |
| Current assets | 29/58 | €381,743 | €410,955 | +€29,212 | +7.7% |
| Amounts receivable after more than one year | 29 | €106,779 | €89,748 | -€17,031 | -15.9% |
| Other amounts receivable | 291 | €106,779 | €89,748 | -€17,031 | -15.9% |
| Stocks and contracts in progress | 3 | €10,199 | €11,837 | +€1,638 | +16.1% |
| Stocks | 30/36 | €10,199 | €11,837 | +€1,638 | +16.1% |
| Amounts receivable within one year | 40/41 | €37,298 | €14,363 | -€22,935 | -61.5% |
| Trade receivables | 40 | €29,766 | €14,363 | -€15,403 | -51.7% |
| Other amounts receivable | 41 | €7,532 | - | -€7,532 | |
| Current investments | 50/53 | €157,300 | €217,369 | +€60,069 | +38.2% |
| Cash at bank and in hand | 54/58 | €69,006 | €73,134 | +€4,128 | +6.0% |
| Deferred charges and accrued income | 490/1 | €1,160 | €4,503 | +€3,342 | +288% |
| Total equity and liabilities | 10/49 | €486,031 | €526,302 | +€40,271 | +8.3% |
| Equity | 10/15 | €98,122 | €102,849 | +€4,727 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,522 | €84,249 | +€4,727 | +5.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €77,662 | €82,389 | +€4,727 | +6.1% |
| Amounts payable | 17/49 | €387,909 | €423,453 | +€35,544 | +9.2% |
| Amounts payable after more than one year | 17 | €61,204 | €32,425 | -€28,779 | -47.0% |
| Financial debts | 170/4 | €61,204 | €32,425 | -€28,779 | -47.0% |
| Amounts payable within one year | 42/48 | €326,705 | €391,028 | +€64,323 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €27,707 | €28,779 | +€1,072 | +3.9% |
| Trade debts | 44 | €2,146 | €1,235 | -€912 | -42.5% |
| Suppliers | 440/4 | €2,146 | €1,235 | -€912 | -42.5% |
| Taxes, remuneration and social security | 45 | €12,461 | €16,584 | +€4,123 | +33.1% |
| Taxes | 450/3 | €12,461 | €16,584 | +€4,123 | +33.1% |
| Other amounts payable | 47/48 | €284,390 | €344,430 | +€60,040 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,586 | €15,943 | +€3,357 | +26.7% |
| Other operating charges | 640/8 | €2,494 | €2,576 | +€82 | +3.3% |
| Gross operating margin | 9900 | €87,299 | €87,594 | +€296 | +0.3% |
| Operating profit (loss) | 9901 | €72,219 | €69,076 | -€3,143 | -4.4% |
| Financial income | 75/76B | €395 | €4,601 | +€4,206 | +1,065% |
| Recurring financial income | 75 | €395 | €4,601 | +€4,206 | +1,065% |
| Financial charges | 65/66B | €4,714 | €3,607 | -€1,106 | -23.5% |
| Recurring financial charges | 65 | €4,714 | €3,607 | -€1,106 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €67,900 | €70,070 | +€2,170 | +3.2% |
| Transfer from deferred taxes | 780 | €45,877 | - | -€45,877 | |
| Income taxes | 67/77 | €46,159 | €5,343 | -€40,816 | -88.4% |
| Profit (loss) for the period | 9904 | €67,618 | €64,727 | -€2,891 | -4.3% |
| Transfer from tax-exempt reserves | 789 | €265,309 | - | -€265,309 | |
| Profit (loss) for the period to be appropriated | 9905 | €332,928 | €64,727 | -€268,201 | -80.6% |
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.