MINUS: 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
MINUS
NACE 71.112, Activities of interior architects
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€62,855
2023 · €155,308-€92,453
Equity
€1.0m
2023 · €991,186+€22,855
Cash
€170,910
2023 · €127,462+€43,448
Balance sheet total
€2.1m
2023 · €2.5m-€396,383
Largest movements
Assets
- Receivables within one year -€207,746
down €207,746 (-48.7%), from €426,994 to €219,248
of which Trade receivables: -€199,776
- Tangible fixed assets -€195,414
down €195,414 (-13.1%), from €1.5m to €1.3m
of which Plant, machinery and equipment: -€103,971
- Cash +€43,448
up €43,448 (+34.1%), from €127,462 to €170,910
mainly Depreciation (+€213,610) and Receivables within one year (+€207,746)
Equity and liabilities
- Debts after one year -€177,447
down €177,447 (-28.9%), from €613,892 to €436,445
of which Financial debts: -€152,447
- Advances received -€154,135
down €154,135 (-100.0%), from €154,135 to €0
- Tax, wage and social debts -€99,040
down €99,040 (-82.5%), from €120,086 to €21,046
of which Remuneration and social security: -€104,166
- Short-term financial debts -€84,615
down €84,615 (-83.4%), from €101,508 to €16,894
- Trade debts +€60,625
up €60,625 (+23.2%), from €261,054 to €321,679
Income statement
- Gross operating margin -€149,127
down €149,127 (-9.6%), from €1.5m to €1.4m
- Taxes -€26,623
down €26,623 (-35.7%), from €74,616 to €47,993
- Staff costs -€23,705
down €23,705 (-2.2%), from €1.1m to €1.0m
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
€155,308
Gross operating margin
-€149,127
Staff costs
+€23,705
Depreciation
-€8,908
Write-downs
+€8,264
Other operating charges
-€914
Financial income
+€8,072
Financial charges
-€165
Taxes
+€26,623
Deferred taxes and other
-€4
Result 2024
€62,855
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
+€338,911
Investment
+€8,205
Financing
-€303,668
Cash 2023
€127,462
From operations (derived)
+€338,911
Net result for the year
+€62,855
Depreciation
+€213,610
Stocks and contracts
+€14,671
Receivables within one year
+€207,746
Deferred charges and accrued income
-€4,402
Provisions
-€562
Trade debts
+€60,625
Tax, wage and social debts
-€99,040
Advances received
-€154,135
Other debts
+€36,343
Accrued charges and deferred income
+€1,199
Investment (derived)
+€8,205
Investment in fixed assets (net)
-€15,674
Current investments
+€23,879
Financing
-€303,668
Debts after one year
-€177,447
Current portion of long-term debt
-€1,606
Short-term financial debts
-€84,615
Contributions, distributions and other
-€40,000
Cash 2024
€170,910
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,482,890 | €2,086,508 | -€396,383 | -16.0% |
| Fixed assets | 21/28 | €1,507,537 | €1,309,600 | -€197,937 | -13.1% |
| Intangible fixed assets | 21 | €8,592 | €6,070 | -€2,522 | -29.4% |
| Tangible fixed assets | 22/27 | €1,492,450 | €1,297,035 | -€195,414 | -13.1% |
| Land and buildings | 22 | €632,834 | €593,797 | -€39,037 | -6.2% |
| Plant, machinery and equipment | 23 | €700,118 | €596,147 | -€103,971 | -14.9% |
| Furniture and vehicles | 24 | €129,017 | €102,127 | -€26,890 | -20.8% |
| Other tangible fixed assets | 26 | €30,481 | €4,964 | -€25,516 | -83.7% |
| Financial fixed assets | 28 | €6,495 | €6,495 | = | 0.0% |
| Current assets | 29/58 | €975,354 | €776,908 | -€198,446 | -20.3% |
| Stocks and contracts in progress | 3 | €283,123 | €268,451 | -€14,671 | -5.2% |
| Stocks | 30/36 | €283,123 | €268,451 | -€14,671 | -5.2% |
| Amounts receivable within one year | 40/41 | €426,994 | €219,248 | -€207,746 | -48.7% |
| Trade receivables | 40 | €362,923 | €163,147 | -€199,776 | -55.0% |
| Other amounts receivable | 41 | €64,071 | €56,101 | -€7,970 | -12.4% |
| Current investments | 50/53 | €120,016 | €96,138 | -€23,879 | -19.9% |
| Cash at bank and in hand | 54/58 | €127,462 | €170,910 | +€43,448 | +34.1% |
| Deferred charges and accrued income | 490/1 | €17,759 | €22,160 | +€4,402 | +24.8% |
| Total equity and liabilities | 10/49 | €2,482,890 | €2,086,508 | -€396,383 | -16.0% |
| Equity | 10/15 | €991,186 | €1,014,042 | +€22,855 | +2.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €951,186 | €974,042 | +€22,855 | +2.4% |
| Tax-exempt reserves | 132 | €67,231 | €64,984 | -€2,248 | -3.3% |
| Distributable reserves | 133 | €883,955 | €909,058 | +€25,103 | +2.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €81,490 | €80,928 | -€562 | -0.7% |
| Provisions for liabilities and charges | 160/5 | €77,019 | €77,019 | = | 0.0% |
| Pensions and similar obligations | 160 | €77,019 | €77,019 | = | 0.0% |
| Deferred taxes | 168 | €4,470 | €3,908 | -€562 | -12.6% |
| Amounts payable | 17/49 | €1,410,215 | €991,538 | -€418,676 | -29.7% |
| Amounts payable after more than one year | 17 | €613,892 | €436,445 | -€177,447 | -28.9% |
| Financial debts | 170/4 | €588,892 | €436,445 | -€152,447 | -25.9% |
| Other amounts payable | 178/9 | €25,000 | €0 | -€25,000 | -100.0% |
| Amounts payable within one year | 42/48 | €794,494 | €552,066 | -€242,428 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €154,053 | €152,447 | -€1,606 | -1.0% |
| Financial debts | 43 | €101,508 | €16,894 | -€84,615 | -83.4% |
| Credit institutions | 430/8 | €101,508 | €16,894 | -€84,615 | -83.4% |
| Trade debts | 44 | €261,054 | €321,679 | +€60,625 | +23.2% |
| Suppliers | 440/4 | €261,054 | €321,679 | +€60,625 | +23.2% |
| Advances received on contracts in progress | 46 | €154,135 | €0 | -€154,135 | -100.0% |
| Taxes, remuneration and social security | 45 | €120,086 | €21,046 | -€99,040 | -82.5% |
| Taxes | 450/3 | €11,722 | €16,848 | +€5,126 | +43.7% |
| Remuneration and social security | 454/9 | €108,365 | €4,199 | -€104,166 | -96.1% |
| Other amounts payable | 47/48 | €3,657 | €40,000 | +€36,343 | +993.8% |
| Accrued charges and deferred income | 492/3 | €1,828 | €3,027 | +€1,199 | +65.6% |
| Remuneration, social security and pensions | 62 | €1,061,081 | €1,037,376 | -€23,705 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,702 | €213,610 | +€8,908 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,010 | €4,746 | -€8,264 | -63.5% |
| Other operating charges | 640/8 | €17,772 | €18,686 | +€914 | +5.1% |
| Gross operating margin | 9900 | €1,545,848 | €1,396,721 | -€149,127 | -9.6% |
| Operating profit (loss) | 9901 | €249,283 | €122,303 | -€126,980 | -50.9% |
| Financial income | 75/76B | €2,984 | €11,057 | +€8,072 | +270.5% |
| Recurring financial income | 75 | €2,984 | €11,057 | +€8,072 | +270.5% |
| Financial charges | 65/66B | €22,908 | €23,073 | +€165 | +0.7% |
| Recurring financial charges | 65 | €22,908 | €23,073 | +€165 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €229,359 | €110,286 | -€119,072 | -51.9% |
| Transfer from deferred taxes | 780 | €565 | €562 | -€4 | -0.6% |
| Income taxes | 67/77 | €74,616 | €47,993 | -€26,623 | -35.7% |
| Profit (loss) for the period | 9904 | €155,308 | €62,855 | -€92,453 | -59.5% |
| Transfer from tax-exempt reserves | 789 | €2,262 | €2,248 | -€14 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €157,570 | €65,103 | -€92,467 | -58.7% |
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 2 October 2026 via checked.be.