MANAGEMENT SOLUTIONS: 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
MANAGEMENT SOLUTIONS
NACE 46.180, Agents specialised in the wholesale of other particular products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€17,766
2023 · €9,020+€8,746
Equity
€1.3m
2023 · €1.3m+€17,766
Cash
€218,366
2023 · €133,669+€84,697
Balance sheet total
€2.9m
2023 · €2.9m+€23,247
Largest movements
Assets
- Tangible fixed assets -€116,541
down €116,541 (-7.7%), from €1.5m to €1.4m
of which Land and buildings: -€79,841
- Cash +€84,697
up €84,697 (+63.4%), from €133,669 to €218,366
mainly Depreciation (+€99,711) and Other debts (+€93,382)
- Receivables within one year +€40,354
up €40,354 (+32.3%), from €125,000 to €165,354
of which Trade receivables: +€33,376
Equity and liabilities
- Debts after one year -€120,598
down €120,598 (-21.7%), from €555,791 to €435,193
- Other debts +€93,382
up €93,382 (+13.2%), from €706,779 to €800,162
Income statement
- Gross operating margin -€33,730
down €33,730 (-16.2%), from €208,605 to €174,875
- Depreciation -€24,554
down €24,554 (-19.8%), from €124,264 to €99,711
- Other operating charges -€17,687
down €17,687 (-30.1%), from €58,836 to €41,149
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
€9,020
Gross operating margin
-€33,730
Depreciation
+€24,554
Other operating charges
+€17,687
Financial income
-€1,176
Financial charges
+€1,965
Taxes
-€554
Result 2024
€17,766
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
+€186,246
Investment
+€16,830
Financing
-€118,379
Cash 2023
€133,669
From operations (derived)
+€186,246
Net result for the year
+€17,766
Depreciation
+€99,711
Stocks and contracts
-€14,737
Receivables within one year
-€40,354
Provisions
-€2,019
Trade debts
+€26,835
Tax, wage and social debts
+€5,662
Other debts
+€93,382
Investment (derived)
+€16,830
Investment in fixed assets (net)
+€16,830
Financing
-€118,379
Debts after one year
-€120,598
Current portion of long-term debt
+€2,219
Cash 2024
€218,366
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,917,441 | €2,940,688 | +€23,247 | +0.8% |
| Fixed assets | 21/28 | €1,527,847 | €1,411,306 | -€116,541 | -7.6% |
| Tangible fixed assets | 22/27 | €1,520,647 | €1,404,106 | -€116,541 | -7.7% |
| Land and buildings | 22 | €1,460,621 | €1,380,780 | -€79,841 | -5.5% |
| Plant, machinery and equipment | 23 | €22,502 | €9,413 | -€13,090 | -58.2% |
| Furniture and vehicles | 24 | €37,523 | €13,913 | -€23,610 | -62.9% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €1,389,594 | €1,529,382 | +€139,788 | +10.1% |
| Stocks and contracts in progress | 3 | €625,187 | €639,923 | +€14,737 | +2.4% |
| Stocks | 30/36 | €625,187 | €639,923 | +€14,737 | +2.4% |
| Amounts receivable within one year | 40/41 | €125,000 | €165,354 | +€40,354 | +32.3% |
| Trade receivables | 40 | €107,146 | €140,522 | +€33,376 | +31.1% |
| Other amounts receivable | 41 | €17,854 | €24,832 | +€6,979 | +39.1% |
| Current investments | 50/53 | €505,739 | €505,739 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €133,669 | €218,366 | +€84,697 | +63.4% |
| Total equity and liabilities | 10/49 | €2,917,441 | €2,940,688 | +€23,247 | +0.8% |
| Equity | 10/15 | €1,276,607 | €1,294,373 | +€17,766 | +1.4% |
| Contributions | 10/11 | €192,395 | €192,395 | = | 0.0% |
| Revaluation surpluses | 12 | €38,066 | €38,066 | = | 0.0% |
| Reserves | 13 | €1,046,146 | €1,063,912 | +€17,766 | +1.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €326,551 | €319,823 | -€6,728 | -2.1% |
| Distributable reserves | 133 | €719,595 | €744,089 | +€24,494 | +3.4% |
| Provisions and deferred taxes | 16 | €155,639 | €153,620 | -€2,019 | -1.3% |
| Provisions for liabilities and charges | 160/5 | €80,000 | €80,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €80,000 | €80,000 | = | 0.0% |
| Deferred taxes | 168 | €75,639 | €73,620 | -€2,019 | -2.7% |
| Amounts payable | 17/49 | €1,485,195 | €1,492,695 | +€7,500 | +0.5% |
| Amounts payable after more than one year | 17 | €555,791 | €435,193 | -€120,598 | -21.7% |
| Financial debts | 170/4 | €555,791 | €435,193 | -€120,598 | -21.7% |
| Amounts payable within one year | 42/48 | €929,404 | €1,057,502 | +€128,099 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €118,379 | €120,598 | +€2,219 | +1.9% |
| Trade debts | 44 | €78,991 | €105,827 | +€26,835 | +34.0% |
| Suppliers | 440/4 | €78,991 | €105,827 | +€26,835 | +34.0% |
| Taxes, remuneration and social security | 45 | €25,254 | €30,915 | +€5,662 | +22.4% |
| Taxes | 450/3 | €25,254 | €30,915 | +€5,662 | +22.4% |
| Other amounts payable | 47/48 | €706,779 | €800,162 | +€93,382 | +13.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,264 | €99,711 | -€24,554 | -19.8% |
| Other operating charges | 640/8 | €58,836 | €41,149 | -€17,687 | -30.1% |
| Gross operating margin | 9900 | €208,605 | €174,875 | -€33,730 | -16.2% |
| Operating profit (loss) | 9901 | €25,505 | €34,016 | +€8,511 | +33.4% |
| Financial income | 75/76B | €1,388 | €212 | -€1,176 | -84.7% |
| Recurring financial income | 75 | €1,388 | €212 | -€1,176 | -84.7% |
| Financial charges | 65/66B | €13,772 | €11,807 | -€1,965 | -14.3% |
| Recurring financial charges | 65 | €13,772 | €11,807 | -€1,965 | -14.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €13,121 | €22,421 | +€9,300 | +70.9% |
| Transfer from deferred taxes | 780 | €2,019 | €2,019 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €6,120 | €6,674 | +€554 | +9.1% |
| Profit (loss) for the period | 9904 | €9,020 | €17,766 | +€8,746 | +97.0% |
| Transfer from tax-exempt reserves | 789 | €6,728 | €6,728 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €15,749 | €24,494 | +€8,746 | +55.5% |
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.