M31: 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.
M31
Largest movements
- Tangible fixed assets -€27,402
down €27,402 (-3.8%), from €712,823 to €685,421
of which Land and buildings: -€29,585
- Receivables within one year -€10,222
down €10,222 (-40.1%), from €25,514 to €15,292
of which Other amounts receivable: -€14,486
- Reserves +€102,114
up €102,114 (+378.4%), from €26,988 to €129,102
of which Distributable reserves: +€102,114
- Debts after one year -€88,327
down €88,327 (-14.9%), from €593,253 to €504,926
- Profit (loss) carried forward -€61,118
no longer reported in 2024 (was €61,118)
- Gross operating margin +€9,389
up €9,389 (+10.4%), from €90,576 to €99,965
- Taxes +€7,101
up €7,101 (+145.8%), from €4,869 to €11,970
- Other operating charges -€3,449
down €3,449 (-48.9%), from €7,046 to €3,597
- Financial charges -€2,012
down €2,012 (-13.1%), from €15,391 to €13,380
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 | €813,517 | €770,713 | -€42,804 | -5.3% |
| Fixed assets | 21/28 | €782,823 | €755,421 | -€27,402 | -3.5% |
| Tangible fixed assets | 22/27 | €712,823 | €685,421 | -€27,402 | -3.8% |
| Land and buildings | 22 | €711,808 | €682,223 | -€29,585 | -4.2% |
| Plant, machinery and equipment | 23 | €442 | €742 | +€300 | +67.9% |
| Furniture and vehicles | 24 | €573 | €2,456 | +€1,883 | +328.7% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €30,694 | €15,292 | -€15,402 | -50.2% |
| Amounts receivable within one year | 40/41 | €25,514 | €15,292 | -€10,222 | -40.1% |
| Trade receivables | 40 | €11,028 | €15,292 | +€4,264 | +38.7% |
| Other amounts receivable | 41 | €14,486 | - | -€14,486 | |
| Cash at bank and in hand | 54/58 | €2,779 | - | -€2,779 | |
| Deferred charges and accrued income | 490/1 | €2,401 | - | -€2,401 | |
| Total equity and liabilities | 10/49 | €813,517 | €770,713 | -€42,804 | -5.3% |
| Equity | 10/15 | €94,305 | €135,302 | +€40,997 | +43.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,988 | €129,102 | +€102,114 | +378.4% |
| 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 | €25,128 | €127,242 | +€102,114 | +406.4% |
| Profit (loss) carried forward | 14 | €61,118 | - | -€61,118 | |
| Amounts payable | 17/49 | €719,211 | €635,411 | -€83,801 | -11.7% |
| Amounts payable after more than one year | 17 | €593,253 | €504,926 | -€88,327 | -14.9% |
| Financial debts | 170/4 | €593,253 | €504,926 | -€88,327 | -14.9% |
| Amounts payable within one year | 42/48 | €122,259 | €126,787 | +€4,528 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €60,986 | €62,096 | +€1,110 | +1.8% |
| Financial debts | 43 | €386 | €4,601 | +€4,215 | +1093.4% |
| Credit institutions | 430/8 | €386 | €4,601 | +€4,215 | +1093.4% |
| Trade debts | 44 | €11,310 | €5,374 | -€5,936 | -52.5% |
| Suppliers | 440/4 | €11,310 | €5,374 | -€5,936 | -52.5% |
| Taxes, remuneration and social security | 45 | €10,566 | €14,297 | +€3,731 | +35.3% |
| Taxes | 450/3 | €7,675 | €14,297 | +€6,622 | +86.3% |
| Remuneration and social security | 454/9 | €2,891 | - | -€2,891 | |
| Other amounts payable | 47/48 | €39,011 | €40,419 | +€1,408 | +3.6% |
| Accrued charges and deferred income | 492/3 | €3,699 | €3,698 | -€2 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,085 | €30,021 | -€64 | -0.2% |
| Other operating charges | 640/8 | €7,046 | €3,597 | -€3,449 | -48.9% |
| Non-recurring operating charges | 66A | €8,723 | - | -€8,723 | |
| Gross operating margin | 9900 | €90,576 | €99,965 | +€9,389 | +10.4% |
| Operating profit (loss) | 9901 | €44,721 | €66,346 | +€21,625 | +48.4% |
| Financial income | 75/76B | €667 | - | -€667 | |
| Recurring financial income | 75 | €667 | - | -€667 | |
| Financial charges | 65/66B | €15,391 | €13,380 | -€2,012 | -13.1% |
| Recurring financial charges | 65 | €15,391 | €13,380 | -€2,012 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €29,997 | €52,966 | +€22,970 | +76.6% |
| Income taxes | 67/77 | €4,869 | €11,970 | +€7,101 | +145.8% |
| Profit (loss) for the period | 9904 | €25,128 | €40,997 | +€15,869 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,128 | €40,997 | +€15,869 | +63.2% |
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 28 September 2026 via checked.be.