NACTE: 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.
NACTE
Largest movements
- Tangible fixed assets +€69,044
up €69,044 (+74.4%), from €92,829 to €161,874
of which Plant, machinery and equipment: +€68,833
- Receivables within one year +€27,888
up €27,888 (+162.4%), from €17,170 to €45,058
of which Trade receivables: +€24,577
- Cash -€16,319
down €16,319 (-70.7%), from €23,093 to €6,773
mainly Investment in fixed assets (net) (-€99,084) and Receivables within one year (-€27,888)
- Stocks and contracts +€10,152
up €10,152 (+25.1%), from €40,441 to €50,593
- Other debts +€65,162
up €65,162 (+389.8%), from €16,716 to €81,878
- Trade debts +€35,605
up €35,605 (+123.7%), from €28,788 to €64,392
- Accrued charges and deferred income -€10,430
no longer reported in 2024 (was €10,430)
- Profit (loss) carried forward +€8,152
up €8,152 (+39.0%), from €20,890 to €29,042
- Tax, wage and social debts -€4,782
down €4,782 (-31.5%), from €15,159 to €10,377
of which Remuneration and social security: -€5,156
- Staff costs -€138,281
down €138,281 (-65.1%), from €212,282 to €74,001
- Gross operating margin -€116,940
down €116,940 (-45.8%), from €255,161 to €138,221
- Depreciation +€20,503
up €20,503 (+209.3%), from €9,795 to €30,299
- Other operating charges +€16,868
new in 2024: €16,868
- Write-downs -€5,822
no longer reported in 2024 (was €5,822)
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 | €175,623 | €266,442 | +€90,819 | +51.7% |
| Formation expenses | 20 | €1,030 | €771 | -€259 | -25.1% |
| Fixed assets | 21/28 | €93,889 | €162,934 | +€69,044 | +73.5% |
| Tangible fixed assets | 22/27 | €92,829 | €161,874 | +€69,044 | +74.4% |
| Land and buildings | 22 | €1,783 | €13,781 | +€11,998 | +673.0% |
| Plant, machinery and equipment | 23 | €10,807 | €79,640 | +€68,833 | +636.9% |
| Furniture and vehicles | 24 | €25,431 | €20,779 | -€4,652 | -18.3% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | €54,809 | €47,674 | -€7,135 | -13.0% |
| Financial fixed assets | 28 | €1,060 | €1,060 | = | 0.0% |
| Current assets | 29/58 | €80,704 | €102,737 | +€22,034 | +27.3% |
| Stocks and contracts in progress | 3 | €40,441 | €50,593 | +€10,152 | +25.1% |
| Stocks | 30/36 | €40,441 | €50,593 | +€10,152 | +25.1% |
| Amounts receivable within one year | 40/41 | €17,170 | €45,058 | +€27,888 | +162.4% |
| Trade receivables | 40 | €15,796 | €40,373 | +€24,577 | +155.6% |
| Other amounts receivable | 41 | €1,374 | €4,685 | +€3,311 | +241.0% |
| Cash at bank and in hand | 54/58 | €23,093 | €6,773 | -€16,319 | -70.7% |
| Deferred charges and accrued income | 490/1 | - | €313 | +€313 | |
| Total equity and liabilities | 10/49 | €175,623 | €266,442 | +€90,819 | +51.7% |
| Equity | 10/15 | €40,890 | €49,042 | +€8,152 | +19.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,890 | €29,042 | +€8,152 | +39.0% |
| Amounts payable | 17/49 | €134,733 | €217,400 | +€82,667 | +61.4% |
| Amounts payable after more than one year | 17 | €60,678 | €57,667 | -€3,011 | -5.0% |
| Financial debts | 170/4 | €60,678 | €57,667 | -€3,011 | -5.0% |
| Amounts payable within one year | 42/48 | €63,624 | €159,733 | +€96,108 | +151.1% |
| Current portion of amounts payable after more than one year | 42 | €2,962 | €3,086 | +€124 | +4.2% |
| Trade debts | 44 | €28,788 | €64,392 | +€35,605 | +123.7% |
| Suppliers | 440/4 | €28,788 | €64,392 | +€35,605 | +123.7% |
| Taxes, remuneration and social security | 45 | €15,159 | €10,377 | -€4,782 | -31.5% |
| Taxes | 450/3 | €10,003 | €10,377 | +€374 | +3.7% |
| Remuneration and social security | 454/9 | €5,156 | - | -€5,156 | |
| Other amounts payable | 47/48 | €16,716 | €81,878 | +€65,162 | +389.8% |
| Accrued charges and deferred income | 492/3 | €10,430 | - | -€10,430 | |
| Remuneration, social security and pensions | 62 | €212,282 | €74,001 | -€138,281 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,795 | €30,299 | +€20,503 | +209.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,822 | - | -€5,822 | |
| Other operating charges | 640/8 | - | €16,868 | +€16,868 | |
| Gross operating margin | 9900 | €255,161 | €138,221 | -€116,940 | -45.8% |
| Operating profit (loss) | 9901 | €27,262 | €17,054 | -€10,208 | -37.4% |
| Financial income | 75/76B | €192 | €2 | -€190 | -99.1% |
| Recurring financial income | 75 | €192 | €2 | -€190 | -99.1% |
| Financial charges | 65/66B | €2,250 | €6,300 | +€4,050 | +180.0% |
| Recurring financial charges | 65 | €2,250 | €6,300 | +€4,050 | +180.0% |
| Profit (loss) for the period before taxes | 9903 | €25,204 | €10,755 | -€14,449 | -57.3% |
| Income taxes | 67/77 | €4,313 | €2,603 | -€1,710 | -39.7% |
| Profit (loss) for the period | 9904 | €20,890 | €8,152 | -€12,738 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,890 | €8,152 | -€12,738 | -61.0% |
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.