NUTATION: 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.
NUTATION
Largest movements
- Tangible fixed assets +€102,051
up €102,051 (+529.5%), from €19,274 to €121,324
of which Leasing and similar rights: +€106,452
- Cash -€35,971
down €35,971 (-11.9%), from €301,655 to €265,684
mainly Investment in fixed assets (net) (-€106,695) and Provisions (-€45,000)
- Receivables within one year -€6,304
down €6,304 (-37.0%), from €17,046 to €10,742
of which Trade receivables: -€5,895
- Debts after one year +€70,181
new in 2024: €70,181
- Reserves +€46,000
up €46,000 (+69.8%), from €65,860 to €111,860
of which Distributable reserves: +€46,000
- Provisions -€45,000
no longer reported in 2024 (was €45,000)
- Other debts -€30,283
down €30,283 (-33.9%), from €89,409 to €59,126
- Current portion of long-term debt +€17,902
new in 2024: €17,902
- Turnover -€161,618
no longer reported in 2024 (was €161,618)
- Purchases and services -€109,398
no longer reported in 2024 (was €109,398)
- Gross operating margin +€21,570
up €21,570 (+41.0%), from €52,637 to €74,207
- Taxes +€3,127
up €3,127 (+18.4%), from €16,949 to €20,075
- Depreciation +€3,044
new in 2024: €3,044
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 | €337,975 | €399,350 | +€61,375 | +18.2% |
| Fixed assets | 21/28 | €19,274 | €122,924 | +€103,651 | +537.8% |
| Tangible fixed assets | 22/27 | €19,274 | €121,324 | +€102,051 | +529.5% |
| Plant, machinery and equipment | 23 | €17,409 | €14,241 | -€3,168 | -18.2% |
| Furniture and vehicles | 24 | €1,820 | €586 | -€1,233 | -67.8% |
| Leasing and similar rights | 25 | €45 | €106,497 | +€106,452 | +235668.8% |
| Financial fixed assets | 28 | - | €1,600 | +€1,600 | |
| Current assets | 29/58 | €318,701 | €276,426 | -€42,275 | -13.3% |
| Amounts receivable within one year | 40/41 | €17,046 | €10,742 | -€6,304 | -37.0% |
| Trade receivables | 40 | €11,115 | €5,220 | -€5,895 | -53.0% |
| Other amounts receivable | 41 | €5,931 | €5,522 | -€409 | -6.9% |
| Cash at bank and in hand | 54/58 | €301,655 | €265,684 | -€35,971 | -11.9% |
| Total equity and liabilities | 10/49 | €337,975 | €399,350 | +€61,375 | +18.2% |
| Equity | 10/15 | €201,698 | €251,434 | +€49,736 | +24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €65,860 | €111,860 | +€46,000 | +69.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €64,000 | €110,000 | +€46,000 | +71.9% |
| Profit (loss) carried forward | 14 | €117,238 | €120,974 | +€3,736 | +3.2% |
| Provisions and deferred taxes | 16 | €45,000 | - | -€45,000 | |
| Provisions for liabilities and charges | 160/5 | €45,000 | - | -€45,000 | |
| Pensions and similar obligations | 160 | €45,000 | - | -€45,000 | |
| Amounts payable | 17/49 | €91,278 | €147,917 | +€56,639 | +62.1% |
| Amounts payable after more than one year | 17 | - | €70,181 | +€70,181 | |
| Financial debts | 170/4 | - | €70,181 | +€70,181 | |
| Amounts payable within one year | 42/48 | €91,278 | €77,736 | -€13,542 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | - | €17,902 | +€17,902 | |
| Trade debts | 44 | €1,868 | €708 | -€1,160 | -62.1% |
| Suppliers | 440/4 | €1,868 | €708 | -€1,160 | -62.1% |
| Other amounts payable | 47/48 | €89,409 | €59,126 | -€30,283 | -33.9% |
| Turnover | 70 | €161,618 | - | -€161,618 | |
| Non-recurring operating income | 76A | €417 | €3,526 | +€3,109 | +744.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €109,398 | - | -€109,398 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,044 | +€3,044 | |
| Other operating charges | 640/8 | €2,603 | €2,667 | +€64 | +2.5% |
| Gross operating margin | 9900 | €52,637 | €74,207 | +€21,570 | +41.0% |
| Operating profit (loss) | 9901 | €50,035 | €68,496 | +€18,461 | +36.9% |
| Financial income | 75/76B | €904 | €1,633 | +€730 | +80.8% |
| Recurring financial income | 75 | €904 | €1,633 | +€730 | +80.8% |
| Financial charges | 65/66B | €422 | €318 | -€104 | -24.7% |
| Recurring financial charges | 65 | €422 | €318 | -€104 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €50,516 | €69,812 | +€19,295 | +38.2% |
| Income taxes | 67/77 | €16,949 | €20,075 | +€3,127 | +18.4% |
| Profit (loss) for the period | 9904 | €33,568 | €49,736 | +€16,169 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,568 | €49,736 | +€16,169 | +48.2% |
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.