NEW SYSTEM: 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
NEW SYSTEM
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€31,723
2023 · €20,588+€11,135
Equity
€279,695
2023 · €277,972+€1,723
Cash
€15,668
2023 · €10,217+€5,451
Balance sheet total
€800,874
2023 · €846,593-€45,719
Largest movements
Assets
- Tangible fixed assets -€38,550
down €38,550 (-4.7%), from €822,144 to €783,594
- Formation expenses -€8,737
no longer reported in 2024 (was €8,737)
Equity and liabilities
- Debts after one year -€44,628
down €44,628 (-11.7%), from €381,758 to €337,130
of which Financial debts: -€79,859
Income statement
- Gross operating margin +€13,348
up €13,348 (+12.2%), from €109,344 to €122,692
- Taxes +€1,549
up €1,549 (+13.1%), from €11,869 to €13,418
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
€20,588
Gross operating margin
+€13,348
Depreciation
+€588
Other operating charges
-€544
Financial income
+€50
Financial charges
-€758
Taxes
-€1,549
Result 2024
€31,723
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
+€90,054
Investment
-€8,880
Financing
-€75,723
Cash 2023
€10,217
From operations (derived)
+€90,054
Net result for the year
+€31,723
Depreciation
+€56,167
Receivables within one year
-€1,382
Deferred charges and accrued income
+€5,265
Provisions
-€3,961
Trade debts
+€2,357
Tax, wage and social debts
+€2,200
Accrued charges and deferred income
-€2,315
Investment (derived)
-€8,880
Investment in fixed assets (net)
-€8,880
Financing
-€75,723
Debts after one year
-€44,628
Current portion of long-term debt
-€367
Short-term financial debts
-€728
Contributions, distributions and other
-€30,000
Cash 2024
€15,668
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €846,593 | €800,874 | -€45,719 | -5.4% |
| Formation expenses | 20 | €8,737 | - | -€8,737 | |
| Fixed assets | 21/28 | €822,144 | €783,594 | -€38,550 | -4.7% |
| Tangible fixed assets | 22/27 | €822,144 | €783,594 | -€38,550 | -4.7% |
| Land and buildings | 22 | €822,144 | €783,594 | -€38,550 | -4.7% |
| Current assets | 29/58 | €15,712 | €17,280 | +€1,568 | +10.0% |
| Amounts receivable within one year | 40/41 | - | €1,382 | +€1,382 | |
| Other amounts receivable | 41 | - | €1,382 | +€1,382 | |
| Cash at bank and in hand | 54/58 | €10,217 | €15,668 | +€5,451 | +53.4% |
| Deferred charges and accrued income | 490/1 | €5,495 | €230 | -€5,265 | -95.8% |
| Total equity and liabilities | 10/49 | €846,593 | €800,874 | -€45,719 | -5.4% |
| Equity | 10/15 | €277,972 | €279,695 | +€1,723 | +0.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €258,237 | €256,353 | -€1,884 | -0.7% |
| Tax-exempt reserves | 132 | €198,237 | €186,353 | -€11,884 | -6.0% |
| Distributable reserves | 133 | €60,000 | €70,000 | +€10,000 | +16.7% |
| Profit (loss) carried forward | 14 | €1,185 | €4,792 | +€3,607 | +304.4% |
| Provisions and deferred taxes | 16 | €66,079 | €62,118 | -€3,961 | -6.0% |
| Deferred taxes | 168 | €66,079 | €62,118 | -€3,961 | -6.0% |
| Amounts payable | 17/49 | €502,542 | €459,061 | -€43,481 | -8.7% |
| Amounts payable after more than one year | 17 | €381,758 | €337,130 | -€44,628 | -11.7% |
| Financial debts | 170/4 | €238,305 | €158,446 | -€79,859 | -33.5% |
| Other amounts payable | 178/9 | €143,453 | €178,684 | +€35,231 | +24.6% |
| Amounts payable within one year | 42/48 | €113,159 | €116,621 | +€3,462 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €80,226 | €79,859 | -€367 | -0.5% |
| Financial debts | 43 | €728 | - | -€728 | |
| Credit institutions | 430/8 | €728 | - | -€728 | |
| Trade debts | 44 | €2,205 | €4,562 | +€2,357 | +106.9% |
| Suppliers | 440/4 | €2,205 | €4,562 | +€2,357 | +106.9% |
| Taxes, remuneration and social security | 45 | - | €2,200 | +€2,200 | |
| Taxes | 450/3 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €30,000 | €30,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,625 | €5,310 | -€2,315 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,755 | €56,167 | -€588 | -1.0% |
| Other operating charges | 640/8 | €14,179 | €14,723 | +€544 | +3.8% |
| Gross operating margin | 9900 | €109,344 | €122,692 | +€13,348 | +12.2% |
| Operating profit (loss) | 9901 | €38,410 | €51,802 | +€13,392 | +34.9% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €9,914 | €10,672 | +€758 | +7.6% |
| Recurring financial charges | 65 | €9,914 | €10,672 | +€758 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €28,496 | €41,180 | +€12,684 | +44.5% |
| Transfer from deferred taxes | 780 | €3,961 | €3,961 | = | 0.0% |
| Income taxes | 67/77 | €11,869 | €13,418 | +€1,549 | +13.1% |
| Profit (loss) for the period | 9904 | €20,588 | €31,723 | +€11,135 | +54.1% |
| Transfer from tax-exempt reserves | 789 | €11,884 | €11,884 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,472 | €43,607 | +€11,135 | +34.3% |
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 8 October 2026 via checked.be.