LEVEL 12: 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.
LEVEL 12
Largest movements
- Cash -€202,294
down €202,294 (-75.7%), from €267,359 to €65,065
mainly Other debts (-€127,903) and Contributions, distributions and other (-€77,313)
- Deferred charges and accrued income +€57,600
new in 2024: €57,600
- Tangible fixed assets -€19,919
down €19,919 (-24.6%), from €80,860 to €60,941
of which Leasing and similar rights: -€17,261
- Other debts -€127,903
down €127,903 (-57.0%), from €224,455 to €96,552
- Debts after one year -€20,904
down €20,904 (-37.9%), from €55,192 to €34,289
- Tax, wage and social debts -€14,375
down €14,375 (-81.2%), from €17,704 to €3,329
- Gross operating margin -€86,772
down €86,772 (-39.5%), from €219,716 to €132,944
- Taxes -€22,019
down €22,019 (-48.3%), from €45,594 to €23,575
- Depreciation +€10,160
up €10,160 (+104.1%), from €9,759 to €19,919
- Other operating charges +€4,892
up €4,892 (+104.5%), from €4,682 to €9,574
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 | €389,137 | €226,441 | -€162,696 | -41.8% |
| Fixed assets | 21/28 | €80,860 | €60,941 | -€19,919 | -24.6% |
| Tangible fixed assets | 22/27 | €80,860 | €60,941 | -€19,919 | -24.6% |
| Plant, machinery and equipment | 23 | €978 | €527 | -€452 | -46.2% |
| Furniture and vehicles | 24 | €2,206 | - | -€2,206 | |
| Leasing and similar rights | 25 | €77,676 | €60,414 | -€17,261 | -22.2% |
| Current assets | 29/58 | €308,277 | €165,500 | -€142,777 | -46.3% |
| Amounts receivable within one year | 40/41 | €40,918 | €42,835 | +€1,916 | +4.7% |
| Trade receivables | 40 | €36,512 | €21,410 | -€15,102 | -41.4% |
| Other amounts receivable | 41 | €4,406 | €21,425 | +€17,019 | +386.2% |
| Cash at bank and in hand | 54/58 | €267,359 | €65,065 | -€202,294 | -75.7% |
| Deferred charges and accrued income | 490/1 | - | €57,600 | +€57,600 | |
| Total equity and liabilities | 10/49 | €389,137 | €226,441 | -€162,696 | -41.8% |
| Equity | 10/15 | €69,074 | €69,074 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €50,474 | €50,474 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €50,474 | €48,614 | -€1,860 | -3.7% |
| Amounts payable | 17/49 | €320,063 | €157,367 | -€162,696 | -50.8% |
| Amounts payable after more than one year | 17 | €55,192 | €34,289 | -€20,904 | -37.9% |
| Financial debts | 170/4 | €55,192 | €34,289 | -€20,904 | -37.9% |
| Amounts payable within one year | 42/48 | €264,871 | €120,785 | -€144,086 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €20,904 | €20,904 | = | 0.0% |
| Trade debts | 44 | €1,808 | - | -€1,808 | |
| Suppliers | 440/4 | €1,808 | - | -€1,808 | |
| Taxes, remuneration and social security | 45 | €17,704 | €3,329 | -€14,375 | -81.2% |
| Taxes | 450/3 | €17,704 | €3,329 | -€14,375 | -81.2% |
| Other amounts payable | 47/48 | €224,455 | €96,552 | -€127,903 | -57.0% |
| Accrued charges and deferred income | 492/3 | - | €2,294 | +€2,294 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,759 | €19,919 | +€10,160 | +104.1% |
| Other operating charges | 640/8 | €4,682 | €9,574 | +€4,892 | +104.5% |
| Gross operating margin | 9900 | €219,716 | €132,944 | -€86,772 | -39.5% |
| Operating profit (loss) | 9901 | €205,275 | €103,451 | -€101,824 | -49.6% |
| Financial income | 75/76B | €137 | €18 | -€119 | -86.8% |
| Recurring financial income | 75 | €137 | €18 | -€119 | -86.8% |
| Financial charges | 65/66B | €1,720 | €2,582 | +€862 | +50.1% |
| Recurring financial charges | 65 | €1,720 | €2,582 | +€862 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €203,692 | €100,887 | -€102,805 | -50.5% |
| Income taxes | 67/77 | €45,594 | €23,575 | -€22,019 | -48.3% |
| Profit (loss) for the period | 9904 | €158,099 | €77,313 | -€80,786 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €158,099 | €77,313 | -€80,786 | -51.1% |
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 30 September 2026 via checked.be.