NATURE: 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.
NATURE
Largest movements
- Current investments +€550,000
up €550,000 (+92.0%), from €598,092 to €1.1m
- Cash -€296,049
down €296,049 (-17.6%), from €1.7m to €1.4m
mainly Current investments (-€550,000) and Trade debts (-€224,704)
- Receivables within one year -€160,083
down €160,083 (-24.2%), from €662,865 to €502,781
of which Trade receivables: -€174,759
- Deferred charges and accrued income -€102,611
down €102,611 (-75.8%), from €135,391 to €32,780
- Trade debts -€224,704
down €224,704 (-54.1%), from €415,327 to €190,623
- Profit (loss) carried forward +€178,774
up €178,774 (+9.6%), from €1.9m to €2.0m
- Gross operating margin -€35,925
down €35,925 (-11.0%), from €326,259 to €290,334
- Taxes -€9,143
down €9,143 (-14.6%), from €62,551 to €53,408
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 | €3,152,226 | €3,111,093 | -€41,133 | -1.3% |
| Fixed assets | 21/28 | €35,407 | €29,340 | -€6,067 | -17.1% |
| Tangible fixed assets | 22/27 | €34,032 | €27,965 | -€6,067 | -17.8% |
| Land and buildings | 22 | €14,161 | €17,035 | +€2,874 | +20.3% |
| Plant, machinery and equipment | 23 | €7,361 | €5,327 | -€2,034 | -27.6% |
| Furniture and vehicles | 24 | €12,510 | €5,603 | -€6,907 | -55.2% |
| Financial fixed assets | 28 | €1,375 | €1,375 | = | 0.0% |
| Current assets | 29/58 | €3,116,819 | €3,081,753 | -€35,066 | -1.1% |
| Stocks and contracts in progress | 3 | €38,855 | €12,532 | -€26,323 | -67.7% |
| Stocks | 30/36 | €38,855 | €12,532 | -€26,323 | -67.7% |
| Amounts receivable within one year | 40/41 | €662,865 | €502,781 | -€160,083 | -24.2% |
| Trade receivables | 40 | €586,277 | €411,518 | -€174,759 | -29.8% |
| Other amounts receivable | 41 | €76,587 | €91,263 | +€14,675 | +19.2% |
| Current investments | 50/53 | €598,092 | €1,148,092 | +€550,000 | +92.0% |
| Cash at bank and in hand | 54/58 | €1,681,617 | €1,385,568 | -€296,049 | -17.6% |
| Deferred charges and accrued income | 490/1 | €135,391 | €32,780 | -€102,611 | -75.8% |
| Total equity and liabilities | 10/49 | €3,152,226 | €3,111,093 | -€41,133 | -1.3% |
| Equity | 10/15 | €2,696,090 | €2,874,864 | +€178,774 | +6.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €811,684 | €811,684 | = | 0.0% |
| Tax-exempt reserves | 132 | €131,087 | €131,087 | = | 0.0% |
| Distributable reserves | 133 | €680,597 | €680,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,864,406 | €2,043,180 | +€178,774 | +9.6% |
| Amounts payable | 17/49 | €456,136 | €236,229 | -€219,906 | -48.2% |
| Amounts payable within one year | 42/48 | €452,246 | €231,671 | -€220,575 | -48.8% |
| Trade debts | 44 | €415,327 | €190,623 | -€224,704 | -54.1% |
| Suppliers | 440/4 | €415,327 | €190,623 | -€224,704 | -54.1% |
| Taxes, remuneration and social security | 45 | €7,752 | €5,627 | -€2,125 | -27.4% |
| Taxes | 450/3 | €2,580 | €386 | -€2,194 | -85.0% |
| Remuneration and social security | 454/9 | €5,172 | €5,241 | +€69 | +1.3% |
| Other amounts payable | 47/48 | €29,168 | €35,421 | +€6,253 | +21.4% |
| Accrued charges and deferred income | 492/3 | €3,889 | €4,558 | +€669 | +17.2% |
| Remuneration, social security and pensions | 62 | €43,287 | €46,530 | +€3,243 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,856 | €13,363 | -€493 | -3.6% |
| Other operating charges | 640/8 | €4,043 | €2,819 | -€1,223 | -30.3% |
| Non-recurring operating charges | 66A | €626 | €49 | -€577 | -92.2% |
| Gross operating margin | 9900 | €326,259 | €290,334 | -€35,925 | -11.0% |
| Operating profit (loss) | 9901 | €264,448 | €227,573 | -€36,875 | -13.9% |
| Financial income | 75/76B | €7,815 | €8,494 | +€679 | +8.7% |
| Recurring financial income | 75 | €7,815 | €8,494 | +€679 | +8.7% |
| Financial charges | 65/66B | €5,169 | €3,886 | -€1,283 | -24.8% |
| Recurring financial charges | 65 | €5,169 | €3,886 | -€1,283 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €267,094 | €232,181 | -€34,913 | -13.1% |
| Income taxes | 67/77 | €62,551 | €53,408 | -€9,143 | -14.6% |
| Profit (loss) for the period | 9904 | €204,543 | €178,774 | -€25,770 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €204,543 | €178,774 | -€25,770 | -12.6% |
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 3 October 2026 via checked.be.