NOTABLE: 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.
NOTABLE
Largest movements
- Receivables within one year +€228,821
up €228,821 (+196.1%), from €116,663 to €345,484
of which Trade receivables: +€199,267
- Tangible fixed assets +€61,932
up €61,932 (+50.2%), from €123,372 to €185,304
of which Furniture and vehicles: +€57,468
- Cash +€35,912
up €35,912 (+54.9%), from €65,388 to €101,300
mainly Accrued charges and deferred income (+€149,873) and Trade debts (+€111,933)
- Accrued charges and deferred income +€149,873
new in 2024: €149,873
- Trade debts +€111,933
up €111,933 (+349.3%), from €32,046 to €143,979
- Debts after one year +€45,211
up €45,211 (+353.3%), from €12,796 to €58,007
- Depreciation +€24,739
up €24,739 (+55.4%), from €44,682 to €69,421
- Staff costs -€18,015
down €18,015 (-14.0%), from €128,527 to €110,513
- Gross operating margin +€5,552
up €5,552 (+2.1%), from €266,491 to €272,043
- Financial charges +€4,812
up €4,812 (+50.1%), from €9,597 to €14,409
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 | €388,624 | €714,581 | +€325,957 | +83.9% |
| Fixed assets | 21/28 | €123,507 | €185,439 | +€61,932 | +50.1% |
| Tangible fixed assets | 22/27 | €123,372 | €185,304 | +€61,932 | +50.2% |
| Land and buildings | 22 | €17,899 | €14,642 | -€3,257 | -18.2% |
| Plant, machinery and equipment | 23 | €40,973 | €58,418 | +€17,446 | +42.6% |
| Furniture and vehicles | 24 | €54,775 | €112,243 | +€57,468 | +104.9% |
| Leasing and similar rights | 25 | €9,725 | - | -€9,725 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €265,117 | €529,142 | +€264,025 | +99.6% |
| Stocks and contracts in progress | 3 | €76,862 | €74,502 | -€2,360 | -3.1% |
| Stocks | 30/36 | €76,862 | €74,502 | -€2,360 | -3.1% |
| Amounts receivable within one year | 40/41 | €116,663 | €345,484 | +€228,821 | +196.1% |
| Trade receivables | 40 | €105,631 | €304,898 | +€199,267 | +188.6% |
| Other amounts receivable | 41 | €11,032 | €40,586 | +€29,554 | +267.9% |
| Cash at bank and in hand | 54/58 | €65,388 | €101,300 | +€35,912 | +54.9% |
| Deferred charges and accrued income | 490/1 | €6,204 | €7,856 | +€1,652 | +26.6% |
| Total equity and liabilities | 10/49 | €388,624 | €714,581 | +€325,957 | +83.9% |
| Equity | 10/15 | €161,662 | €166,123 | +€4,461 | +2.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €146,662 | €151,123 | +€4,461 | +3.0% |
| Distributable reserves | 133 | €146,662 | €151,123 | +€4,461 | +3.0% |
| Amounts payable | 17/49 | €226,962 | €548,458 | +€321,496 | +141.7% |
| Amounts payable after more than one year | 17 | €12,796 | €58,007 | +€45,211 | +353.3% |
| Financial debts | 170/4 | €12,796 | €58,007 | +€45,211 | +353.3% |
| Amounts payable within one year | 42/48 | €214,166 | €340,578 | +€126,411 | +59.0% |
| Current portion of amounts payable after more than one year | 42 | €26,187 | €26,625 | +€438 | +1.7% |
| Financial debts | 43 | €40,000 | €45,884 | +€5,884 | +14.7% |
| Credit institutions | 430/8 | €40,000 | €45,884 | +€5,884 | +14.7% |
| Trade debts | 44 | €32,046 | €143,979 | +€111,933 | +349.3% |
| Suppliers | 440/4 | €32,046 | €143,979 | +€111,933 | +349.3% |
| Taxes, remuneration and social security | 45 | €12,346 | €14,820 | +€2,474 | +20.0% |
| Taxes | 450/3 | €6,948 | €10,529 | +€3,580 | +51.5% |
| Remuneration and social security | 454/9 | €5,398 | €4,291 | -€1,106 | -20.5% |
| Other amounts payable | 47/48 | €103,587 | €109,270 | +€5,683 | +5.5% |
| Accrued charges and deferred income | 492/3 | - | €149,873 | +€149,873 | |
| Remuneration, social security and pensions | 62 | €128,527 | €110,513 | -€18,015 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,682 | €69,421 | +€24,739 | +55.4% |
| Other operating charges | 640/8 | €4,098 | €3,417 | -€681 | -16.6% |
| Gross operating margin | 9900 | €266,491 | €272,043 | +€5,552 | +2.1% |
| Operating profit (loss) | 9901 | €89,184 | €88,693 | -€491 | -0.6% |
| Financial income | 75/76B | €656 | €21 | -€636 | -96.9% |
| Recurring financial income | 75 | €656 | €21 | -€636 | -96.9% |
| Financial charges | 65/66B | €9,597 | €14,409 | +€4,812 | +50.1% |
| Recurring financial charges | 65 | €9,597 | €14,409 | +€4,812 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €80,243 | €74,304 | -€5,939 | -7.4% |
| Income taxes | 67/77 | €21,141 | €19,844 | -€1,297 | -6.1% |
| Profit (loss) for the period | 9904 | €59,103 | €54,461 | -€4,642 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,103 | €54,461 | -€4,642 | -7.9% |
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.