Net-Optic: 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.
Net-Optic
Largest movements
- Cash +€235,929
new in 2024: €235,929
mainly Short-term financial debts (+€281,218) and Net result for the year (+€79,536)
- Stocks and contracts -€52,316
down €52,316 (-2.6%), from €2.0m to €1.9m
- Short-term financial debts +€281,218
up €281,218 (+244.8%), from €114,878 to €396,096
- Current portion of long-term debt -€112,374
down €112,374 (-39.7%), from €282,889 to €170,515
- Trade debts -€97,426
down €97,426 (-52.8%), from €184,659 to €87,233
- Reserves +€58,189
up €58,189 (+10.2%), from €572,269 to €630,458
of which Distributable reserves: +€58,189
- Taxes -€94,913
down €94,913, from €43,290 to -€51,623
- Gross operating margin -€87,111
down €87,111 (-4.3%), from €2.0m to €1.9m
- Staff costs -€85,787
down €85,787 (-5.1%), from €1.7m to €1.6m
- Financial charges -€63,546
down €63,546 (-22.2%), from €285,895 to €222,350
- Depreciation -€27,519
down €27,519 (-96.0%), from €28,663 to €1,144
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 | €3,132,960 | €3,301,895 | +€168,935 | +5.4% |
| Fixed assets | 21/28 | €137,365 | €136,274 | -€1,091 | -0.8% |
| Tangible fixed assets | 22/27 | €137,365 | €136,274 | -€1,091 | -0.8% |
| Land and buildings | 22 | €137,365 | €136,274 | -€1,091 | -0.8% |
| Current assets | 29/58 | €2,995,595 | €3,165,620 | +€170,026 | +5.7% |
| Amounts receivable after more than one year | 29 | €196,441 | €196,441 | = | 0.0% |
| Trade receivables | 290 | €196,441 | €196,441 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,998,406 | €1,946,090 | -€52,316 | -2.6% |
| Contracts in progress | 37 | €1,998,406 | €1,946,090 | -€52,316 | -2.6% |
| Amounts receivable within one year | 40/41 | €800,748 | €784,607 | -€16,141 | -2.0% |
| Trade receivables | 40 | €775,495 | €698,977 | -€76,519 | -9.9% |
| Other amounts receivable | 41 | €25,252 | €85,630 | +€60,378 | +239.1% |
| Cash at bank and in hand | 54/58 | - | €235,929 | +€235,929 | |
| Deferred charges and accrued income | 490/1 | - | €2,554 | +€2,554 | |
| Total equity and liabilities | 10/49 | €3,132,960 | €3,301,895 | +€168,935 | +5.4% |
| Equity | 10/15 | €1,732,662 | €1,812,219 | +€79,557 | +4.6% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €572,269 | €630,458 | +€58,189 | +10.2% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Legal reserve | 130 | €18,600 | €18,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €305,775 | €305,775 | = | 0.0% |
| Distributable reserves | 133 | €247,894 | €306,082 | +€58,189 | +23.5% |
| Profit (loss) carried forward | 14 | €974,393 | €995,761 | +€21,368 | +2.2% |
| Provisions and deferred taxes | 16 | €157,839 | €157,839 | = | 0.0% |
| Deferred taxes | 168 | €157,839 | €157,839 | = | 0.0% |
| Amounts payable | 17/49 | €1,242,458 | €1,331,836 | +€89,378 | +7.2% |
| Amounts payable after more than one year | 17 | €22,806 | - | -€22,806 | |
| Financial debts | 170/4 | €22,806 | - | -€22,806 | |
| Amounts payable within one year | 42/48 | €1,219,653 | €1,331,836 | +€112,184 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €282,889 | €170,515 | -€112,374 | -39.7% |
| Financial debts | 43 | €114,878 | €396,096 | +€281,218 | +244.8% |
| Credit institutions | 430/8 | €114,878 | €396,096 | +€281,218 | +244.8% |
| Trade debts | 44 | €184,659 | €87,233 | -€97,426 | -52.8% |
| Suppliers | 440/4 | €184,659 | €87,233 | -€97,426 | -52.8% |
| Taxes, remuneration and social security | 45 | €366,889 | €393,571 | +€26,682 | +7.3% |
| Taxes | 450/3 | €10,974 | €50,345 | +€39,372 | +358.8% |
| Remuneration and social security | 454/9 | €355,915 | €343,226 | -€12,689 | -3.6% |
| Other amounts payable | 47/48 | €270,338 | €284,421 | +€14,084 | +5.2% |
| Remuneration, social security and pensions | 62 | €1,691,569 | €1,605,782 | -€85,787 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,663 | €1,144 | -€27,519 | -96.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €683 | +€683 | |
| Other operating charges | 640/8 | €75,320 | €81,615 | +€6,295 | +8.4% |
| Gross operating margin | 9900 | €2,025,071 | €1,937,960 | -€87,111 | -4.3% |
| Operating profit (loss) | 9901 | €229,519 | €248,736 | +€19,217 | +8.4% |
| Financial income | 75/76B | €445 | €1,527 | +€1,082 | +243.1% |
| Recurring financial income | 75 | €445 | €1,527 | +€1,082 | +243.1% |
| Financial charges | 65/66B | €285,895 | €222,350 | -€63,546 | -22.2% |
| Recurring financial charges | 65 | €285,895 | €222,350 | -€63,546 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€55,931 | €27,913 | +€83,844 | |
| Income taxes | 67/77 | €43,290 | -€51,623 | -€94,913 | |
| Profit (loss) for the period | 9904 | -€99,222 | €79,536 | +€178,757 | |
| Profit (loss) for the period to be appropriated | 9905 | -€99,222 | €79,536 | +€178,757 |
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 30 September 2026 via checked.be.