MANAGEMINT: 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.
MANAGEMINT
Largest movements
- Cash -€350,268
down €350,268 (-99.4%), from €352,451 to €2,182
mainly Investment in fixed assets (net) (-€191,978) and Tax, wage and social debts (-€177,792)
- Tangible fixed assets +€175,883
up €175,883 (+28.2%), from €624,311 to €800,194
of which Land and buildings: +€391,055
- Receivables within one year -€112,068
down €112,068 (-16.5%), from €677,613 to €565,545
of which Other amounts receivable: -€122,845
- Tax, wage and social debts -€177,792
down €177,792 (-90.2%), from €197,126 to €19,334
- Debts after one year -€102,894
down €102,894 (-20.8%), from €494,595 to €391,700
- Trade debts -€80,180
down €80,180 (-56.5%), from €141,943 to €61,762
- Current portion of long-term debt +€47,907
up €47,907 (+271.4%), from €17,654 to €65,561
- Reserves +€23,996
up €23,996 (+5.1%), from €473,287 to €497,283
of which Distributable reserves: +€23,996
- Depreciation +€14,354
up €14,354 (+824.6%), from €1,741 to €16,095
- Gross operating margin +€4,232
up €4,232 (+7.3%), from €58,214 to €62,447
- Financial income +€4,007
up €4,007 (+126.7%), from €3,164 to €7,171
- Financial charges -€1,619
down €1,619 (-10.7%), from €15,130 to €13,511
- Taxes +€745
up €745 (+6.8%), from €10,999 to €11,744
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 | €1,665,772 | €1,376,822 | -€288,951 | -17.3% |
| Fixed assets | 21/28 | €633,211 | €809,094 | +€175,883 | +27.8% |
| Tangible fixed assets | 22/27 | €624,311 | €800,194 | +€175,883 | +28.2% |
| Land and buildings | 22 | €275,000 | €666,055 | +€391,055 | +142.2% |
| Plant, machinery and equipment | 23 | - | €12,053 | +€12,053 | |
| Furniture and vehicles | 24 | €4,302 | €5,596 | +€1,294 | +30.1% |
| Other tangible fixed assets | 26 | €24,125 | €21,671 | -€2,453 | -10.2% |
| Assets under construction and advance payments | 27 | €320,885 | €94,819 | -€226,065 | -70.5% |
| Financial fixed assets | 28 | €8,900 | €8,900 | = | 0.0% |
| Current assets | 29/58 | €1,032,561 | €567,727 | -€464,834 | -45.0% |
| Amounts receivable within one year | 40/41 | €677,613 | €565,545 | -€112,068 | -16.5% |
| Trade receivables | 40 | €12,584 | €23,362 | +€10,778 | +85.6% |
| Other amounts receivable | 41 | €665,028 | €542,183 | -€122,845 | -18.5% |
| Cash at bank and in hand | 54/58 | €352,451 | €2,182 | -€350,268 | -99.4% |
| Deferred charges and accrued income | 490/1 | €2,498 | €0 | -€2,498 | -100.0% |
| Total equity and liabilities | 10/49 | €1,665,772 | €1,376,822 | -€288,951 | -17.3% |
| Equity | 10/15 | €814,455 | €838,451 | +€23,996 | +2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €473,287 | €497,283 | +€23,996 | +5.1% |
| 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 | €471,427 | €495,423 | +€23,996 | +5.1% |
| Profit (loss) carried forward | 14 | €328,768 | €328,768 | = | 0.0% |
| Amounts payable | 17/49 | €851,317 | €538,371 | -€312,947 | -36.8% |
| Amounts payable after more than one year | 17 | €494,595 | €391,700 | -€102,894 | -20.8% |
| Financial debts | 170/4 | €494,595 | €391,700 | -€102,894 | -20.8% |
| Amounts payable within one year | 42/48 | €356,723 | €146,670 | -€210,053 | -58.9% |
| Current portion of amounts payable after more than one year | 42 | €17,654 | €65,561 | +€47,907 | +271.4% |
| Financial debts | 43 | - | €13 | +€13 | |
| Credit institutions | 430/8 | - | €13 | +€13 | |
| Trade debts | 44 | €141,943 | €61,762 | -€80,180 | -56.5% |
| Suppliers | 440/4 | €141,943 | €61,762 | -€80,180 | -56.5% |
| Taxes, remuneration and social security | 45 | €197,126 | €19,334 | -€177,792 | -90.2% |
| Taxes | 450/3 | €197,126 | €19,334 | -€177,792 | -90.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,741 | €16,095 | +€14,354 | +824.6% |
| Other operating charges | 640/8 | €3,534 | €4,272 | +€738 | +20.9% |
| Gross operating margin | 9900 | €58,214 | €62,447 | +€4,232 | +7.3% |
| Operating profit (loss) | 9901 | €52,939 | €42,080 | -€10,860 | -20.5% |
| Financial income | 75/76B | €3,164 | €7,171 | +€4,007 | +126.7% |
| Recurring financial income | 75 | €3,164 | €7,171 | +€4,007 | +126.7% |
| Financial charges | 65/66B | €15,130 | €13,511 | -€1,619 | -10.7% |
| Recurring financial charges | 65 | €15,130 | €13,511 | -€1,619 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €40,973 | €35,740 | -€5,233 | -12.8% |
| Income taxes | 67/77 | €10,999 | €11,744 | +€745 | +6.8% |
| Profit (loss) for the period | 9904 | €29,974 | €23,996 | -€5,978 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,974 | €23,996 | -€5,978 | -19.9% |
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.