MANAGEMENT SOURCE: 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.
MANAGEMENT SOURCE
Largest movements
- Tangible fixed assets +€355,197
up €355,197 (+49.4%), from €718,730 to €1.1m
- Receivables within one year +€70,423
up €70,423 (+46.6%), from €151,040 to €221,463
of which Other amounts receivable: +€80,239
- Other debts +€240,528
up €240,528 (+100.6%), from €239,185 to €479,714
- Trade debts +€215,549
up €215,549 (+28.0%), from €769,452 to €985,001
- Profit (loss) carried forward -€27,788
down €27,788 (-19.7%), from -€141,077 to -€168,865
- Financial charges +€3,208
up €3,208 (+70.2%), from €4,567 to €7,774
- Gross operating margin -€1,895
down €1,895 (-10.8%), from -€17,613 to -€19,508
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 | €873,760 | €1,302,050 | +€428,290 | +49.0% |
| Fixed assets | 21/28 | €718,730 | €1,073,927 | +€355,197 | +49.4% |
| Tangible fixed assets | 22/27 | €718,730 | €1,073,927 | +€355,197 | +49.4% |
| Assets under construction and advance payments | 27 | €718,730 | €1,073,927 | +€355,197 | +49.4% |
| Current assets | 29/58 | €155,030 | €228,123 | +€73,093 | +47.1% |
| Amounts receivable within one year | 40/41 | €151,040 | €221,463 | +€70,423 | +46.6% |
| Trade receivables | 40 | €9,816 | - | -€9,816 | |
| Other amounts receivable | 41 | €141,224 | €221,463 | +€80,239 | +56.8% |
| Cash at bank and in hand | 54/58 | €3,990 | €6,660 | +€2,670 | +66.9% |
| Total equity and liabilities | 10/49 | €873,760 | €1,302,050 | +€428,290 | +49.0% |
| Equity | 10/15 | -€134,877 | -€162,665 | -€27,788 | -20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,077 | -€168,865 | -€27,788 | -19.7% |
| Amounts payable | 17/49 | €1,008,637 | €1,464,715 | +€456,078 | +45.2% |
| Amounts payable within one year | 42/48 | €1,008,637 | €1,464,715 | +€456,078 | +45.2% |
| Trade debts | 44 | €769,452 | €985,001 | +€215,549 | +28.0% |
| Suppliers | 440/4 | €769,452 | €985,001 | +€215,549 | +28.0% |
| Other amounts payable | 47/48 | €239,185 | €479,714 | +€240,528 | +100.6% |
| Other operating charges | 640/8 | €493 | €505 | +€12 | +2.4% |
| Gross operating margin | 9900 | -€17,613 | -€19,508 | -€1,895 | -10.8% |
| Operating profit (loss) | 9901 | -€18,107 | -€20,014 | -€1,907 | -10.5% |
| Financial charges | 65/66B | €4,567 | €7,774 | +€3,208 | +70.2% |
| Recurring financial charges | 65 | €4,567 | €7,774 | +€3,208 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,674 | -€27,788 | -€5,114 | -22.6% |
| Profit (loss) for the period | 9904 | -€22,674 | -€27,788 | -€5,114 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,674 | -€27,788 | -€5,114 | -22.6% |
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 29 September 2026 via checked.be.