LL TIME: 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.
LL TIME
Largest movements
- Receivables within one year +€93,360
up €93,360 (+51.2%), from €182,278 to €275,637
of which Other amounts receivable: +€68,803
- Receivables after one year -€18,714
down €18,714 (-12.6%), from €148,140 to €129,427
- Tax, wage and social debts +€128,186
up €128,186 (+147.1%), from €87,122 to €215,308
of which Remuneration and social security: +€69,731
- Profit (loss) carried forward -€53,205
down €53,205, from €37,708 to -€15,497
- Trade debts -€43,477
down €43,477 (-23.8%), from €182,959 to €139,483
- Short-term financial debts +€26,238
new in 2024: €26,238
- Current portion of long-term debt +€9,496
up €9,496 (+194.7%), from €4,877 to €14,373
- Gross operating margin -€91,135
down €91,135 (-13.2%), from €692,112 to €600,978
- Taxes -€49,647
down €49,647 (-98.7%), from €50,284 to €638
- Staff costs +€45,659
up €45,659 (+8.9%), from €514,687 to €560,346
- Depreciation +€30,668
up €30,668 (+66.6%), from €46,030 to €76,698
- Financial charges +€9,875
up €9,875 (+97.6%), from €10,116 to €19,991
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 | €570,870 | €636,652 | +€65,781 | +11.5% |
| Fixed assets | 21/28 | €218,178 | €214,796 | -€3,382 | -1.6% |
| Tangible fixed assets | 22/27 | €218,178 | €214,796 | -€3,382 | -1.6% |
| Plant, machinery and equipment | 23 | €107,048 | €82,446 | -€24,603 | -23.0% |
| Furniture and vehicles | 24 | €87,138 | €92,868 | +€5,730 | +6.6% |
| Other tangible fixed assets | 26 | €23,991 | €39,482 | +€15,491 | +64.6% |
| Current assets | 29/58 | €352,693 | €421,856 | +€69,163 | +19.6% |
| Amounts receivable after more than one year | 29 | €148,140 | €129,427 | -€18,714 | -12.6% |
| Trade receivables | 290 | €148,140 | €129,427 | -€18,714 | -12.6% |
| Amounts receivable within one year | 40/41 | €182,278 | €275,637 | +€93,360 | +51.2% |
| Trade receivables | 40 | €173,802 | €198,359 | +€24,557 | +14.1% |
| Other amounts receivable | 41 | €8,476 | €77,279 | +€68,803 | +811.7% |
| Cash at bank and in hand | 54/58 | €186 | - | -€186 | |
| Deferred charges and accrued income | 490/1 | €22,088 | €16,792 | -€5,297 | -24.0% |
| Total equity and liabilities | 10/49 | €570,870 | €636,652 | +€65,781 | +11.5% |
| Equity | 10/15 | €270,708 | €217,503 | -€53,205 | -19.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €230,000 | €230,000 | = | 0.0% |
| Distributable reserves | 133 | €230,000 | €230,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,708 | -€15,497 | -€53,205 | |
| Amounts payable | 17/49 | €300,162 | €419,148 | +€118,986 | +39.6% |
| Amounts payable after more than one year | 17 | €10,470 | €17,575 | +€7,105 | +67.9% |
| Financial debts | 170/4 | €10,470 | €17,575 | +€7,105 | +67.9% |
| Amounts payable within one year | 42/48 | €289,692 | €401,574 | +€111,882 | +38.6% |
| Current portion of amounts payable after more than one year | 42 | €4,877 | €14,373 | +€9,496 | +194.7% |
| Financial debts | 43 | - | €26,238 | +€26,238 | |
| Credit institutions | 430/8 | - | €26,238 | +€26,238 | |
| Trade debts | 44 | €182,959 | €139,483 | -€43,477 | -23.8% |
| Suppliers | 440/4 | €182,959 | €139,483 | -€43,477 | -23.8% |
| Taxes, remuneration and social security | 45 | €87,122 | €215,308 | +€128,186 | +147.1% |
| Taxes | 450/3 | €70,943 | €129,398 | +€58,455 | +82.4% |
| Remuneration and social security | 454/9 | €16,179 | €85,910 | +€69,731 | +431.0% |
| Other amounts payable | 47/48 | €14,733 | €6,172 | -€8,561 | -58.1% |
| Remuneration, social security and pensions | 62 | €514,687 | €560,346 | +€45,659 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,030 | €76,698 | +€30,668 | +66.6% |
| Other operating charges | 640/8 | €3,480 | €2,196 | -€1,284 | -36.9% |
| Gross operating margin | 9900 | €692,112 | €600,978 | -€91,135 | -13.2% |
| Operating profit (loss) | 9901 | €127,916 | -€38,262 | -€166,178 | |
| Financial income | 75/76B | €6,324 | €5,685 | -€638 | -10.1% |
| Recurring financial income | 75 | €6,324 | €5,685 | -€638 | -10.1% |
| Financial charges | 65/66B | €10,116 | €19,991 | +€9,875 | +97.6% |
| Recurring financial charges | 65 | €10,116 | €19,991 | +€9,875 | +97.6% |
| Profit (loss) for the period before taxes | 9903 | €124,124 | -€52,567 | -€176,692 | |
| Income taxes | 67/77 | €50,284 | €638 | -€49,647 | -98.7% |
| Profit (loss) for the period | 9904 | €73,840 | -€53,205 | -€127,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,840 | -€53,205 | -€127,045 |
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 6 October 2026 via checked.be.