LORIGINAL: 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.
LORIGINAL
Largest movements
- Receivables within one year +€14,940
up €14,940 (+149.6%), from €9,988 to €24,928
- Cash -€6,473
down €6,473 (-63.1%), from €10,251 to €3,778
mainly Debts after one year (-€24,696) and Receivables within one year (-€14,940)
- Tangible fixed assets -€5,519
down €5,519 (-2.9%), from €193,024 to €187,505
of which Land and buildings: -€5,458
- Intangible fixed assets +€4,589
up €4,589 (+120.9%), from €3,797 to €8,386
- Debts after one year -€24,696
down €24,696 (-23.7%), from €104,386 to €79,690
- Profit (loss) carried forward +€19,698
up €19,698 (+536.1%), from €3,674 to €23,373
- Trade debts +€8,887
up €8,887 (+466.9%), from €1,903 to €10,790
- Other debts +€2,489
up €2,489 (+3.3%), from €75,679 to €78,169
- Gross operating margin +€13,275
up €13,275 (+68.3%), from €19,443 to €32,718
- Depreciation -€2,095
down €2,095 (-16.4%), from €12,749 to €10,654
- Staff costs -€584
no longer reported in 2024 (was €584)
- Taxes -€346
no longer reported in 2024 (was €346)
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 | €219,734 | €227,529 | +€7,795 | +3.5% |
| Fixed assets | 21/28 | €196,925 | €195,996 | -€930 | -0.5% |
| Intangible fixed assets | 21 | €3,797 | €8,386 | +€4,589 | +120.9% |
| Tangible fixed assets | 22/27 | €193,024 | €187,505 | -€5,519 | -2.9% |
| Land and buildings | 22 | €192,963 | €187,505 | -€5,458 | -2.8% |
| Plant, machinery and equipment | 23 | €61 | - | -€61 | |
| Financial fixed assets | 28 | €104 | €104 | = | 0.0% |
| Current assets | 29/58 | €22,809 | €31,533 | +€8,725 | +38.3% |
| Stocks and contracts in progress | 3 | €1,530 | €2,071 | +€541 | +35.4% |
| Stocks | 30/36 | €1,530 | €2,071 | +€541 | +35.4% |
| Amounts receivable within one year | 40/41 | €9,988 | €24,928 | +€14,940 | +149.6% |
| Trade receivables | 40 | €9,988 | €24,928 | +€14,940 | +149.6% |
| Cash at bank and in hand | 54/58 | €10,251 | €3,778 | -€6,473 | -63.1% |
| Deferred charges and accrued income | 490/1 | €1,040 | €757 | -€283 | -27.3% |
| Total equity and liabilities | 10/49 | €219,734 | €227,529 | +€7,795 | +3.5% |
| Equity | 10/15 | €16,518 | €36,216 | +€19,698 | +119.3% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €6,543 | €6,543 | = | 0.0% |
| Distributable reserves | 133 | €6,543 | €6,543 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,674 | €23,373 | +€19,698 | +536.1% |
| Amounts payable | 17/49 | €203,216 | €191,313 | -€11,903 | -5.9% |
| Amounts payable after more than one year | 17 | €104,386 | €79,690 | -€24,696 | -23.7% |
| Financial debts | 170/4 | €104,386 | €79,690 | -€24,696 | -23.7% |
| Amounts payable within one year | 42/48 | €98,831 | €111,623 | +€12,793 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €9,552 | €9,696 | +€144 | +1.5% |
| Trade debts | 44 | €1,903 | €10,790 | +€8,887 | +466.9% |
| Suppliers | 440/4 | €1,903 | €10,790 | +€8,887 | +466.9% |
| Taxes, remuneration and social security | 45 | €11,696 | €12,969 | +€1,273 | +10.9% |
| Taxes | 450/3 | €4,441 | €2,708 | -€1,732 | -39.0% |
| Remuneration and social security | 454/9 | €7,255 | €10,261 | +€3,005 | +41.4% |
| Other amounts payable | 47/48 | €75,679 | €78,169 | +€2,489 | +3.3% |
| Remuneration, social security and pensions | 62 | €584 | - | -€584 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,749 | €10,654 | -€2,095 | -16.4% |
| Other operating charges | 640/8 | €701 | €845 | +€144 | +20.5% |
| Gross operating margin | 9900 | €19,443 | €32,718 | +€13,275 | +68.3% |
| Operating profit (loss) | 9901 | €5,408 | €21,220 | +€15,811 | +292.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,618 | €1,521 | -€96 | -5.9% |
| Recurring financial charges | 65 | €1,618 | €1,521 | -€96 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €3,791 | €19,698 | +€15,907 | +419.6% |
| Income taxes | 67/77 | €346 | - | -€346 | |
| Profit (loss) for the period | 9904 | €3,446 | €19,698 | +€16,253 | +471.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,446 | €19,698 | +€16,253 | +471.7% |
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 29 September 2026 via checked.be.