MAJOR DISTRIBUTION: 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.
MAJOR DISTRIBUTION
Largest movements
- Cash +€44,781
up €44,781 (+24.3%), from €184,564 to €229,345
mainly Other debts (+€316,558) and Trade debts (+€37,703)
- Deferred charges and accrued income +€33,961
up €33,961 (+385.9%), from €8,800 to €42,762
- Financial fixed assets -€32,500
down €32,500 (-33.1%), from €98,153 to €65,653
- Receivables within one year -€30,210
down €30,210 (-97.3%), from €31,043 to €833
of which Trade receivables: -€30,388
- Profit (loss) carried forward -€336,976
down €336,976 (-7.7%), from -€4.4m to -€4.7m
- Other debts +€316,558
up €316,558 (+7.0%), from €4.5m to €4.9m
- Trade debts +€37,703
up €37,703 (+94.0%), from €40,109 to €77,812
- Provisions +€8,504
new in 2024: €8,504
- Tax, wage and social debts -€7,793
down €7,793 (-13.0%), from €59,823 to €52,030
of which Taxes: -€4,269
- Gross operating margin -€49,123
down €49,123 (-21.8%), from €225,724 to €176,601
- Depreciation -€24,262
down €24,262 (-96.4%), from €25,179 to €917
- Staff costs -€23,091
down €23,091 (-6.7%), from €342,231 to €319,139
- Financial charges +€15,183
up €15,183 (+7.6%), from €200,830 to €216,013
- Financial income +€14,710
up €14,710 (+71.8%), from €20,479 to €35,190
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 | €326,286 | €344,282 | +€17,996 | +5.5% |
| Fixed assets | 21/28 | €101,879 | €71,342 | -€30,537 | -30.0% |
| Tangible fixed assets | 22/27 | €3,725 | €5,688 | +€1,963 | +52.7% |
| Plant, machinery and equipment | 23 | €3,725 | €5,688 | +€1,963 | +52.7% |
| Financial fixed assets | 28 | €98,153 | €65,653 | -€32,500 | -33.1% |
| Current assets | 29/58 | €224,408 | €272,940 | +€48,533 | +21.6% |
| Amounts receivable within one year | 40/41 | €31,043 | €833 | -€30,210 | -97.3% |
| Trade receivables | 40 | €30,793 | €405 | -€30,388 | -98.7% |
| Other amounts receivable | 41 | €250 | €428 | +€178 | +71.3% |
| Cash at bank and in hand | 54/58 | €184,564 | €229,345 | +€44,781 | +24.3% |
| Deferred charges and accrued income | 490/1 | €8,800 | €42,762 | +€33,961 | +385.9% |
| Total equity and liabilities | 10/49 | €326,286 | €344,282 | +€17,996 | +5.5% |
| Equity | 10/15 | -€4,319,400 | -€4,656,376 | -€336,976 | -7.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,381,400 | -€4,718,376 | -€336,976 | -7.7% |
| Provisions and deferred taxes | 16 | - | €8,504 | +€8,504 | |
| Provisions for liabilities and charges | 160/5 | - | €8,504 | +€8,504 | |
| Other liabilities and charges | 164/5 | - | €8,504 | +€8,504 | |
| Amounts payable | 17/49 | €4,645,687 | €4,992,154 | +€346,468 | +7.5% |
| Amounts payable within one year | 42/48 | €4,645,687 | €4,992,154 | +€346,468 | +7.5% |
| Trade debts | 44 | €40,109 | €77,812 | +€37,703 | +94.0% |
| Suppliers | 440/4 | €40,109 | €77,812 | +€37,703 | +94.0% |
| Taxes, remuneration and social security | 45 | €59,823 | €52,030 | -€7,793 | -13.0% |
| Taxes | 450/3 | €20,977 | €16,708 | -€4,269 | -20.3% |
| Remuneration and social security | 454/9 | €38,847 | €35,322 | -€3,525 | -9.1% |
| Other amounts payable | 47/48 | €4,545,754 | €4,862,312 | +€316,558 | +7.0% |
| Non-recurring operating income | 76A | €1,829 | - | -€1,829 | |
| Remuneration, social security and pensions | 62 | €342,231 | €319,139 | -€23,091 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,179 | €917 | -€24,262 | -96.4% |
| Other operating charges | 640/8 | €3,665 | €4,066 | +€401 | +10.9% |
| Non-recurring operating charges | 66A | €710 | €8,632 | +€7,922 | +1116.1% |
| Gross operating margin | 9900 | €225,724 | €176,601 | -€49,123 | -21.8% |
| Operating profit (loss) | 9901 | -€146,061 | -€156,153 | -€10,092 | -6.9% |
| Financial income | 75/76B | €20,479 | €35,190 | +€14,710 | +71.8% |
| Recurring financial income | 75 | €20,479 | €35,190 | +€14,710 | +71.8% |
| Financial charges | 65/66B | €200,830 | €216,013 | +€15,183 | +7.6% |
| Recurring financial charges | 65 | €200,830 | €216,013 | +€15,183 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | -€326,411 | -€336,976 | -€10,565 | -3.2% |
| Profit (loss) for the period | 9904 | -€326,411 | -€336,976 | -€10,565 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€326,411 | -€336,976 | -€10,565 | -3.2% |
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 5 October 2026 via checked.be.