NUTS 44: 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.
NUTS 44
Largest movements
- Tangible fixed assets +€54,533
up €54,533 (+1169.2%), from €4,664 to €59,197
of which Leasing and similar rights: +€39,668
- Cash -€13,156
down €13,156 (-41.7%), from €31,585 to €18,429
mainly Investment in fixed assets (net) (-€61,761) and Tax, wage and social debts (-€14,565)
- Debts after one year +€26,376
new in 2024: €26,376
- Tax, wage and social debts -€14,565
down €14,565 (-40.9%), from €35,619 to €21,053
of which Taxes: -€13,321
- Profit (loss) carried forward +€14,365
up €14,365 (+9.8%), from €146,459 to €160,824
- Reserves +€13,840
up €13,840 (+15.7%), from €88,157 to €101,997
of which Tax-exempt reserves: +€13,840
- Current portion of long-term debt +€7,583
new in 2024: €7,583
- Gross operating margin +€98,920
up €98,920 (+84.4%), from €117,212 to €216,131
- Staff costs +€71,868
up €71,868 (+67.3%), from €106,865 to €178,733
- Taxes +€8,004
up €8,004 (+274.2%), from €2,919 to €10,923
- Other operating charges -€5,849
down €5,849 (-53.8%), from €10,862 to €5,013
- Depreciation +€5,584
up €5,584 (+339.8%), from €1,643 to €7,227
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 | €311,365 | €356,938 | +€45,573 | +14.6% |
| Fixed assets | 21/28 | €4,979 | €59,512 | +€54,533 | +1095.3% |
| Tangible fixed assets | 22/27 | €4,664 | €59,197 | +€54,533 | +1169.2% |
| Plant, machinery and equipment | 23 | €3,538 | €11,761 | +€8,223 | +232.4% |
| Furniture and vehicles | 24 | €1,126 | €7,768 | +€6,642 | +590.0% |
| Leasing and similar rights | 25 | - | €39,668 | +€39,668 | |
| Financial fixed assets | 28 | €315 | €315 | = | 0.0% |
| Current assets | 29/58 | €306,386 | €297,426 | -€8,960 | -2.9% |
| Stocks and contracts in progress | 3 | €6,756 | €8,167 | +€1,411 | +20.9% |
| Stocks | 30/36 | €6,756 | €8,167 | +€1,411 | +20.9% |
| Amounts receivable within one year | 40/41 | €267,608 | €269,371 | +€1,763 | +0.7% |
| Trade receivables | 40 | €4,394 | €19,509 | +€15,116 | +344.0% |
| Other amounts receivable | 41 | €263,214 | €249,862 | -€13,353 | -5.1% |
| Cash at bank and in hand | 54/58 | €31,585 | €18,429 | -€13,156 | -41.7% |
| Deferred charges and accrued income | 490/1 | €437 | €1,459 | +€1,022 | +233.7% |
| Total equity and liabilities | 10/49 | €311,365 | €356,938 | +€45,573 | +14.6% |
| Equity | 10/15 | €249,689 | €277,894 | +€28,205 | +11.3% |
| Contributions | 10/11 | €15,073 | €15,073 | = | 0.0% |
| Reserves | 13 | €88,157 | €101,997 | +€13,840 | +15.7% |
| Tax-exempt reserves | 132 | - | €13,840 | +€13,840 | |
| Distributable reserves | 133 | €88,157 | €88,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,459 | €160,824 | +€14,365 | +9.8% |
| Amounts payable | 17/49 | €61,676 | €79,044 | +€17,368 | +28.2% |
| Amounts payable after more than one year | 17 | - | €26,376 | +€26,376 | |
| Financial debts | 170/4 | - | €26,376 | +€26,376 | |
| Amounts payable within one year | 42/48 | €61,676 | €52,668 | -€9,008 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,583 | +€7,583 | |
| Trade debts | 44 | €26,058 | €24,032 | -€2,026 | -7.8% |
| Suppliers | 440/4 | €26,058 | €24,032 | -€2,026 | -7.8% |
| Taxes, remuneration and social security | 45 | €35,619 | €21,053 | -€14,565 | -40.9% |
| Taxes | 450/3 | €25,682 | €12,361 | -€13,321 | -51.9% |
| Remuneration and social security | 454/9 | €9,936 | €8,692 | -€1,244 | -12.5% |
| Non-recurring operating income | 76A | - | €2,210 | +€2,210 | |
| Remuneration, social security and pensions | 62 | €106,865 | €178,733 | +€71,868 | +67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,643 | €7,227 | +€5,584 | +339.8% |
| Other operating charges | 640/8 | €10,862 | €5,013 | -€5,849 | -53.8% |
| Non-recurring operating charges | 66A | €2,072 | €50 | -€2,022 | -97.6% |
| Gross operating margin | 9900 | €117,212 | €216,131 | +€98,920 | +84.4% |
| Operating profit (loss) | 9901 | -€4,231 | €25,108 | +€29,339 | |
| Financial income | 75/76B | €13,481 | €14,903 | +€1,422 | +10.5% |
| Recurring financial income | 75 | €13,481 | €14,903 | +€1,422 | +10.5% |
| Financial charges | 65/66B | €1,994 | €884 | -€1,111 | -55.7% |
| Recurring financial charges | 65 | €1,994 | €884 | -€1,111 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €7,256 | €39,128 | +€31,871 | +439.2% |
| Income taxes | 67/77 | €2,919 | €10,923 | +€8,004 | +274.2% |
| Profit (loss) for the period | 9904 | €4,338 | €28,205 | +€23,867 | +550.2% |
| Transfer to tax-exempt reserves | 689 | - | €13,840 | +€13,840 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,338 | €14,365 | +€10,027 | +231.2% |
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 1 October 2026 via checked.be.