NO.1: what changed
Two financial 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.
NO.1
Largest movements
- Receivables within one year +€108,031
up €108,031 (+47.7%), from €226,628 to €334,659
of which Trade receivables: +€84,171
- Tangible fixed assets +€33,160
up €33,160 (+33.7%), from €98,479 to €131,639
of which Furniture and vehicles: +€43,650
- Stocks and contracts +€26,818
up €26,818 (+45.6%), from €58,767 to €85,586
- Cash +€21,116
up €21,116 (+171%), from €12,370 to €33,486
mainly Trade debts (+€173,023) and Depreciation (+€25,465)
- Trade debts +€173,023
up €173,023 (+274%), from €63,211 to €236,234
- Tax, wage and social debts -€43,045
down €43,045 (-78.8%), from €54,628 to €11,584
of which Taxes: -€46,575
- Debts after one year +€21,686
new in 2024: €21,686
- Reserves +€18,172
up €18,172 (+6.5%), from €279,314 to €297,486
- Current portion of long-term debt +€17,685
new in 2024: €17,685
- Other operating charges +€30,471
up €30,471 (+677%), from €4,500 to €34,971
- Taxes -€26,730
down €26,730 (-76.8%), from €34,784 to €8,053
- Depreciation +€10,596
up €10,596 (+71.3%), from €14,869 to €25,465
- Gross operating margin -€9,227
down €9,227 (-5.2%), from €177,326 to €168,099
- Staff costs +€6,090
up €6,090 (+3,555%), from €171 to €6,261
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.
Derived cash bridge
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 | €397,155 | €585,370 | +€188,216 | +47.4% |
| Fixed assets | 21/28 | €98,479 | €131,639 | +€33,160 | +33.7% |
| Tangible fixed assets | 22/27 | €98,479 | €131,639 | +€33,160 | +33.7% |
| Plant, machinery and equipment | 23 | €49,761 | €42,465 | -€7,296 | -14.7% |
| Furniture and vehicles | 24 | - | €43,650 | +€43,650 | |
| Other tangible fixed assets | 26 | €48,718 | €45,525 | -€3,193 | -6.6% |
| Current assets | 29/58 | €298,676 | €453,731 | +€155,055 | +51.9% |
| Stocks and contracts in progress | 3 | €58,767 | €85,586 | +€26,818 | +45.6% |
| Stocks | 30/36 | €58,767 | €85,586 | +€26,818 | +45.6% |
| Amounts receivable within one year | 40/41 | €226,628 | €334,659 | +€108,031 | +47.7% |
| Trade receivables | 40 | €176,778 | €260,949 | +€84,171 | +47.6% |
| Other amounts receivable | 41 | €49,850 | €73,709 | +€23,859 | +47.9% |
| Cash at bank and in hand | 54/58 | €12,370 | €33,486 | +€21,116 | +171% |
| Deferred charges and accrued income | 490/1 | €910 | - | -€910 | |
| Total equity and liabilities | 10/49 | €397,155 | €585,370 | +€188,216 | +47.4% |
| Equity | 10/15 | €279,315 | €297,487 | +€18,172 | +6.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €279,314 | €297,486 | +€18,172 | +6.5% |
| Distributable reserves | 133 | €279,314 | €297,486 | +€18,172 | +6.5% |
| Amounts payable | 17/49 | €117,840 | €287,883 | +€170,044 | +144% |
| Amounts payable after more than one year | 17 | - | €21,686 | +€21,686 | |
| Financial debts | 170/4 | - | €21,686 | +€21,686 | |
| Amounts payable within one year | 42/48 | €117,840 | €265,502 | +€147,663 | +125% |
| Current portion of amounts payable after more than one year | 42 | - | €17,685 | +€17,685 | |
| Trade debts | 44 | €63,211 | €236,234 | +€173,023 | +274% |
| Suppliers | 440/4 | €63,211 | €236,234 | +€173,023 | +274% |
| Taxes, remuneration and social security | 45 | €54,628 | €11,584 | -€43,045 | -78.8% |
| Taxes | 450/3 | €54,628 | €8,053 | -€46,575 | -85.3% |
| Remuneration and social security | 454/9 | - | €3,530 | +€3,530 | |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €695 | +€695 | |
| Remuneration, social security and pensions | 62 | €171 | €6,261 | +€6,090 | +3,555% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,869 | €25,465 | +€10,596 | +71.3% |
| Other operating charges | 640/8 | €4,500 | €34,971 | +€30,471 | +677% |
| Non-recurring operating charges | 66A | €13,855 | €72,149 | +€58,294 | +421% |
| Gross operating margin | 9900 | €177,326 | €168,099 | -€9,227 | -5.2% |
| Operating profit (loss) | 9901 | €143,931 | €29,252 | -€114,678 | -79.7% |
| Financial income | 75/76B | €1,289 | €2,892 | +€1,603 | +124% |
| Recurring financial income | 75 | €1,289 | €2,892 | +€1,603 | +124% |
| Financial charges | 65/66B | €3,514 | €5,920 | +€2,405 | +68.4% |
| Recurring financial charges | 65 | €3,514 | €5,920 | +€2,405 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €141,706 | €26,225 | -€115,480 | -81.5% |
| Income taxes | 67/77 | €34,784 | €8,053 | -€26,730 | -76.8% |
| Profit (loss) for the period | 9904 | €106,922 | €18,172 | -€88,750 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,922 | €18,172 | -€88,750 | -83.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.