MAIL: 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.
What changed
NACE 47.300, Retail sale of automotive fuel
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€66,621
2023 · €110,052-€43,432
Equity
€181,072
2023 · €739,451-€558,379
Cash
€147,303
2023 · €143,224+€4,079
Balance sheet total
€1.4m
2023 · €1.4m-€23,947
Largest movements
Assets
- Tangible fixed assets -€32,716
down €32,716 (-2.9%), from €1.1m to €1.1m
of which Land and buildings: -€35,055
Equity and liabilities
- Contributions -€625,000
down €625,000 (-24.6%), from €2.5m to €1.9m
- Other debts +€619,745
up €619,745 (+2856.6%), from €21,695 to €641,440
- Debts after one year -€98,386
down €98,386 (-28.4%), from €346,295 to €247,908
- Profit (loss) carried forward +€66,621
up €66,621 (+3.7%), from -€1.8m to -€1.7m
Income statement
- Staff costs +€58,105
up €58,105 (+42.1%), from €138,076 to €196,181
- Taxes -€13,656
down €13,656 (-41.7%), from €32,759 to €19,103
- Depreciation -€13,540
down €13,540 (-22.9%), from €59,054 to €45,514
- Gross operating margin -€13,090
down €13,090 (-3.7%), from €358,115 to €345,025
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.
Result 2023
€110,052
Gross operating margin
-€13,090
Staff costs
-€58,105
Depreciation
+€13,540
Other operating charges
-€1,178
Other operating items
-€16
Financial income
-€371
Financial charges
+€2,133
Taxes
+€13,656
Result 2024
€66,621
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.
From operations
+€749,788
Investment
-€12,799
Financing
-€732,910
Cash 2023
€143,224
From operations (derived)
+€749,788
Net result for the year
+€66,621
Depreciation
+€45,514
Stocks and contracts
+€1,142
Receivables within one year
-€11,491
Deferred charges and accrued income
+€5,660
Trade debts
+€12,662
Tax, wage and social debts
+€7,618
Other debts
+€619,745
Accrued charges and deferred income
+€2,318
Investment (derived)
-€12,799
Investment in fixed assets (net)
-€12,799
Financing
-€732,910
Debts after one year
-€98,386
Current portion of long-term debt
-€9,660
Short-term financial debts
+€136
Contributions, distributions and other
-€625,000
Cash 2024
€147,303
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,418,196 | €1,394,249 | -€23,947 | -1.7% |
| Fixed assets | 21/28 | €1,142,453 | €1,109,737 | -€32,716 | -2.9% |
| Tangible fixed assets | 22/27 | €1,142,453 | €1,109,737 | -€32,716 | -2.9% |
| Land and buildings | 22 | €1,113,007 | €1,077,951 | -€35,055 | -3.1% |
| Plant, machinery and equipment | 23 | €3,591 | €3,807 | +€216 | +6.0% |
| Furniture and vehicles | 24 | €25,855 | €27,979 | +€2,124 | +8.2% |
| Current assets | 29/58 | €275,743 | €284,512 | +€8,768 | +3.2% |
| Stocks and contracts in progress | 3 | €78,857 | €77,715 | -€1,142 | -1.4% |
| Stocks | 30/36 | €78,857 | €77,715 | -€1,142 | -1.4% |
| Amounts receivable within one year | 40/41 | €26,056 | €37,547 | +€11,491 | +44.1% |
| Trade receivables | 40 | €2,472 | €2,173 | -€299 | -12.1% |
| Other amounts receivable | 41 | €23,584 | €35,374 | +€11,790 | +50.0% |
| Cash at bank and in hand | 54/58 | €143,224 | €147,303 | +€4,079 | +2.8% |
| Deferred charges and accrued income | 490/1 | €27,607 | €21,947 | -€5,660 | -20.5% |
| Total equity and liabilities | 10/49 | €1,418,196 | €1,394,249 | -€23,947 | -1.7% |
| Equity | 10/15 | €739,451 | €181,072 | -€558,379 | -75.5% |
| Contributions | 10/11 | €2,544,211 | €1,919,211 | -€625,000 | -24.6% |
| Capital | 10 | €2,544,211 | €1,919,211 | -€625,000 | -24.6% |
| Issued capital | 100 | €2,544,211 | €1,919,211 | -€625,000 | -24.6% |
| Profit (loss) carried forward | 14 | -€1,804,760 | -€1,738,139 | +€66,621 | +3.7% |
| Provisions and deferred taxes | 16 | €94,140 | €94,140 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €94,140 | €94,140 | = | 0.0% |
| Pensions and similar obligations | 160 | €94,140 | €94,140 | = | 0.0% |
| Amounts payable | 17/49 | €584,604 | €1,119,036 | +€534,432 | +91.4% |
| Amounts payable after more than one year | 17 | €346,295 | €247,908 | -€98,386 | -28.4% |
| Financial debts | 170/4 | €346,295 | €247,908 | -€98,386 | -28.4% |
| Amounts payable within one year | 42/48 | €238,309 | €868,810 | +€630,500 | +264.6% |
| Current portion of amounts payable after more than one year | 42 | €108,279 | €98,619 | -€9,660 | -8.9% |
| Financial debts | 43 | - | €136 | +€136 | |
| Credit institutions | 430/8 | - | €136 | +€136 | |
| Trade debts | 44 | €105,635 | €118,297 | +€12,662 | +12.0% |
| Suppliers | 440/4 | €105,635 | €118,297 | +€12,662 | +12.0% |
| Taxes, remuneration and social security | 45 | €2,700 | €10,318 | +€7,618 | +282.2% |
| Remuneration and social security | 454/9 | €2,700 | €10,318 | +€7,618 | +282.2% |
| Other amounts payable | 47/48 | €21,695 | €641,440 | +€619,745 | +2856.6% |
| Accrued charges and deferred income | 492/3 | - | €2,318 | +€2,318 | |
| Remuneration, social security and pensions | 62 | €138,076 | €196,181 | +€58,105 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,054 | €45,514 | -€13,540 | -22.9% |
| Other operating charges | 640/8 | €7,379 | €8,557 | +€1,178 | +16.0% |
| Non-recurring operating charges | 66A | - | €16 | +€16 | |
| Gross operating margin | 9900 | €358,115 | €345,025 | -€13,090 | -3.7% |
| Operating profit (loss) | 9901 | €153,605 | €94,756 | -€58,849 | -38.3% |
| Financial income | 75/76B | €381 | €10 | -€371 | -97.3% |
| Recurring financial income | 75 | €381 | €10 | -€371 | -97.3% |
| Financial charges | 65/66B | €11,175 | €9,042 | -€2,133 | -19.1% |
| Recurring financial charges | 65 | €11,175 | €9,042 | -€2,133 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €142,811 | €85,724 | -€57,088 | -40.0% |
| Income taxes | 67/77 | €32,759 | €19,103 | -€13,656 | -41.7% |
| Profit (loss) for the period | 9904 | €110,052 | €66,621 | -€43,432 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €110,052 | €66,621 | -€43,432 | -39.5% |
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 5 October 2026 via checked.be.