LT ADVICE: 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.
LT ADVICE
Largest movements
- Deferred charges and accrued income -€9,342
down €9,342 (-9.9%), from €94,128 to €84,786
- Tangible fixed assets +€7,116
up €7,116 (+2.4%), from €301,872 to €308,988
of which Furniture and vehicles: +€31,116
- Cash -€5,192
down €5,192 (-41.6%), from €12,494 to €7,302
mainly Investment in fixed assets (net) (-€71,324) and Net result for the year (-€16,272)
- Trade debts +€29,618
up €29,618 (+218.1%), from €13,578 to €43,196
- Profit (loss) carried forward -€26,756
down €26,756 (-52.7%), from -€50,745 to -€77,501
- Debts after one year -€15,111
down €15,111 (-4.5%), from €336,739 to €321,628
- Other debts -€12,901
down €12,901 (-43.4%), from €29,737 to €16,836
- Reserves +€10,000
up €10,000 (+17.0%), from €58,860 to €68,860
- Gross operating margin -€37,433
down €37,433 (-34.1%), from €109,892 to €72,460
- Depreciation +€25,235
up €25,235 (+64.7%), from €39,031 to €64,266
- Other operating charges +€5,265
up €5,265 (+133.1%), from €3,955 to €9,220
- Financial charges +€1,488
up €1,488 (+15.1%), from €9,825 to €11,313
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 | €481,063 | €474,864 | -€6,199 | -1.3% |
| Fixed assets | 21/28 | €309,762 | €316,820 | +€7,058 | +2.3% |
| Intangible fixed assets | 21 | €174 | €116 | -€58 | -33.3% |
| Tangible fixed assets | 22/27 | €301,872 | €308,988 | +€7,116 | +2.4% |
| Land and buildings | 22 | €191,428 | €182,312 | -€9,116 | -4.8% |
| Plant, machinery and equipment | 23 | €86,839 | €68,704 | -€18,134 | -20.9% |
| Furniture and vehicles | 24 | €1,406 | €32,522 | +€31,116 | +2212.9% |
| Other tangible fixed assets | 26 | €22,200 | €25,450 | +€3,250 | +14.6% |
| Financial fixed assets | 28 | €7,716 | €7,716 | = | 0.0% |
| Current assets | 29/58 | €171,301 | €158,044 | -€13,257 | -7.7% |
| Amounts receivable within one year | 40/41 | €64,670 | €65,946 | +€1,277 | +2.0% |
| Trade receivables | 40 | €57,483 | €63,838 | +€6,355 | +11.1% |
| Other amounts receivable | 41 | €7,187 | €2,108 | -€5,078 | -70.7% |
| Current investments | 50/53 | €10 | €10 | +€0 | +0.6% |
| Cash at bank and in hand | 54/58 | €12,494 | €7,302 | -€5,192 | -41.6% |
| Deferred charges and accrued income | 490/1 | €94,128 | €84,786 | -€9,342 | -9.9% |
| Total equity and liabilities | 10/49 | €481,063 | €474,864 | -€6,199 | -1.3% |
| Equity | 10/15 | €20,465 | €3,709 | -€16,756 | -81.9% |
| Contributions | 10/11 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €58,860 | €68,860 | +€10,000 | +17.0% |
| Distributable reserves | 133 | €58,860 | €68,860 | +€10,000 | +17.0% |
| Profit (loss) carried forward | 14 | -€50,745 | -€77,501 | -€26,756 | -52.7% |
| Amounts payable | 17/49 | €460,598 | €471,155 | +€10,557 | +2.3% |
| Amounts payable after more than one year | 17 | €336,739 | €321,628 | -€15,111 | -4.5% |
| Financial debts | 170/4 | €336,739 | €321,628 | -€15,111 | -4.5% |
| Amounts payable within one year | 42/48 | €123,795 | €149,462 | +€25,667 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €55,868 | €64,577 | +€8,709 | +15.6% |
| Trade debts | 44 | €13,578 | €43,196 | +€29,618 | +218.1% |
| Suppliers | 440/4 | €13,578 | €43,196 | +€29,618 | +218.1% |
| Taxes, remuneration and social security | 45 | €24,612 | €24,852 | +€240 | +1.0% |
| Taxes | 450/3 | €24,612 | €24,852 | +€240 | +1.0% |
| Other amounts payable | 47/48 | €29,737 | €16,836 | -€12,901 | -43.4% |
| Accrued charges and deferred income | 492/3 | €64 | €66 | +€2 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,031 | €64,266 | +€25,235 | +64.7% |
| Other operating charges | 640/8 | €3,955 | €9,220 | +€5,265 | +133.1% |
| Gross operating margin | 9900 | €109,892 | €72,460 | -€37,433 | -34.1% |
| Operating profit (loss) | 9901 | €66,906 | -€1,027 | -€67,933 | |
| Financial income | 75/76B | €25 | €0 | -€25 | -99.5% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -99.5% |
| Financial charges | 65/66B | €9,825 | €11,313 | +€1,488 | +15.1% |
| Recurring financial charges | 65 | €9,825 | €11,313 | +€1,488 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €57,106 | -€12,339 | -€69,446 | |
| Income taxes | 67/77 | €4,171 | €3,933 | -€238 | -5.7% |
| Profit (loss) for the period | 9904 | €52,936 | -€16,272 | -€69,208 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,936 | -€16,272 | -€69,208 |
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 4 October 2026 via checked.be.