Mass: 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.
Mass
Largest movements
- Tangible fixed assets -€11,604
down €11,604 (-15.6%), from €74,167 to €62,564
of which Furniture and vehicles: -€14,635
- Cash +€11,550
up €11,550 (+29.9%), from €38,576 to €50,126
mainly Net result for the year (+€28,653) and Depreciation (+€17,915)
- Receivables within one year +€8,057
up €8,057 (+15.6%), from €51,551 to €59,609
of which Other amounts receivable: +€5,668
- Reserves +€28,653
up €28,653 (+29.5%), from €97,225 to €125,878
- Trade debts -€11,681
down €11,681 (-83.4%), from €14,009 to €2,327
- Current portion of long-term debt -€9,121
no longer reported in 2024 (was €9,121)
- Gross operating margin -€96,734
down €96,734 (-63.0%), from €153,622 to €56,888
- Taxes -€18,052
down €18,052 (-66.7%), from €27,053 to €9,001
- Depreciation -€6,851
down €6,851 (-27.7%), from €24,766 to €17,915
- Other operating charges -€1,627
down €1,627 (-53.5%), from €3,041 to €1,414
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 | €165,323 | €173,371 | +€8,048 | +4.9% |
| Fixed assets | 21/28 | €74,167 | €62,564 | -€11,604 | -15.6% |
| Tangible fixed assets | 22/27 | €74,167 | €62,564 | -€11,604 | -15.6% |
| Plant, machinery and equipment | 23 | - | €1,444 | +€1,444 | |
| Furniture and vehicles | 24 | €51,378 | €36,742 | -€14,635 | -28.5% |
| Other tangible fixed assets | 26 | €22,789 | €24,377 | +€1,587 | +7.0% |
| Current assets | 29/58 | €91,156 | €110,808 | +€19,652 | +21.6% |
| Amounts receivable within one year | 40/41 | €51,551 | €59,609 | +€8,057 | +15.6% |
| Trade receivables | 40 | €50,918 | €53,307 | +€2,389 | +4.7% |
| Other amounts receivable | 41 | €633 | €6,301 | +€5,668 | +895.2% |
| Cash at bank and in hand | 54/58 | €38,576 | €50,126 | +€11,550 | +29.9% |
| Deferred charges and accrued income | 490/1 | €1,029 | €1,074 | +€45 | +4.4% |
| Total equity and liabilities | 10/49 | €165,323 | €173,371 | +€8,048 | +4.9% |
| Equity | 10/15 | €99,725 | €128,378 | +€28,653 | +28.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €97,225 | €125,878 | +€28,653 | +29.5% |
| Distributable reserves | 133 | €97,225 | €125,878 | +€28,653 | +29.5% |
| Amounts payable | 17/49 | €65,597 | €44,993 | -€20,604 | -31.4% |
| Amounts payable within one year | 42/48 | €65,597 | €44,993 | -€20,604 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €9,121 | - | -€9,121 | |
| Trade debts | 44 | €14,009 | €2,327 | -€11,681 | -83.4% |
| Suppliers | 440/4 | €14,009 | €2,327 | -€11,681 | -83.4% |
| Taxes, remuneration and social security | 45 | €42,468 | €42,666 | +€198 | +0.5% |
| Taxes | 450/3 | €37,828 | €41,110 | +€3,282 | +8.7% |
| Remuneration and social security | 454/9 | €4,640 | €1,556 | -€3,084 | -66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,766 | €17,915 | -€6,851 | -27.7% |
| Other operating charges | 640/8 | €3,041 | €1,414 | -€1,627 | -53.5% |
| Gross operating margin | 9900 | €153,622 | €56,888 | -€96,734 | -63.0% |
| Operating profit (loss) | 9901 | €125,814 | €37,559 | -€88,255 | -70.1% |
| Financial income | 75/76B | €14 | €205 | +€191 | +1362.7% |
| Recurring financial income | 75 | €14 | €205 | +€191 | +1362.7% |
| Financial charges | 65/66B | €1,550 | €110 | -€1,439 | -92.9% |
| Recurring financial charges | 65 | €1,550 | €110 | -€1,439 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | €124,279 | €37,654 | -€86,625 | -69.7% |
| Income taxes | 67/77 | €27,053 | €9,001 | -€18,052 | -66.7% |
| Profit (loss) for the period | 9904 | €97,225 | €28,653 | -€68,573 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,225 | €28,653 | -€68,573 | -70.5% |
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 7 October 2026 via checked.be.