OFF ROAD ACTION: 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.
OFF ROAD ACTION
Largest movements
- Stocks and contracts -€348,837
down €348,837 (-22.4%), from €1.6m to €1.2m
- Receivables within one year +€113,581
up €113,581 (+28.1%), from €403,654 to €517,234
of which Trade receivables: +€149,500
- Intangible fixed assets +€90,778
up €90,778 (+4189.2%), from €2,167 to €92,945
- Profit (loss) carried forward -€183,241
down €183,241 (-29.2%), from €628,576 to €445,336
- Accrued charges and deferred income -€135,652
down €135,652 (-74.2%), from €182,852 to €47,200
- Trade debts +€102,094
new in 2024: €102,094
- Debts after one year +€55,373
up €55,373 (+11.0%), from €504,019 to €559,392
- Current portion of long-term debt -€29,027
down €29,027 (-17.5%), from €165,697 to €136,671
- Gross operating margin -€117,740
down €117,740 (-22.6%), from €519,839 to €402,099
- Financial income +€20,332
up €20,332 (+250.6%), from €8,115 to €28,446
- Depreciation +€15,429
up €15,429 (+13.7%), from €112,467 to €127,896
- Staff costs +€8,966
up €8,966 (+2.7%), from €334,132 to €343,099
- Financial charges +€8,259
up €8,259 (+6.6%), from €125,298 to €133,557
of which Financial charges: +€8,122
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 | €2,843,821 | €2,675,443 | -€168,378 | -5.9% |
| Fixed assets | 21/28 | €742,760 | €826,257 | +€83,497 | +11.2% |
| Intangible fixed assets | 21 | €2,167 | €92,945 | +€90,778 | +4189.2% |
| Tangible fixed assets | 22/27 | €731,379 | €724,098 | -€7,281 | -1.0% |
| Land and buildings | 22 | €558,134 | €539,538 | -€18,596 | -3.3% |
| Plant, machinery and equipment | 23 | €148,534 | €137,649 | -€10,886 | -7.3% |
| Furniture and vehicles | 24 | €24,710 | €46,911 | +€22,201 | +89.8% |
| Financial fixed assets | 28 | €9,214 | €9,214 | = | 0.0% |
| Current assets | 29/58 | €2,101,061 | €1,849,186 | -€251,875 | -12.0% |
| Stocks and contracts in progress | 3 | €1,560,286 | €1,211,448 | -€348,837 | -22.4% |
| Stocks | 30/36 | €1,560,286 | €1,211,448 | -€348,837 | -22.4% |
| Amounts receivable within one year | 40/41 | €403,654 | €517,234 | +€113,581 | +28.1% |
| Trade receivables | 40 | €356,949 | €506,449 | +€149,500 | +41.9% |
| Other amounts receivable | 41 | €46,705 | €10,786 | -€35,919 | -76.9% |
| Cash at bank and in hand | 54/58 | €78,030 | €76,677 | -€1,353 | -1.7% |
| Deferred charges and accrued income | 490/1 | €59,092 | €43,827 | -€15,266 | -25.8% |
| Total equity and liabilities | 10/49 | €2,843,821 | €2,675,443 | -€168,378 | -5.9% |
| Equity | 10/15 | €1,296,813 | €1,113,572 | -€183,241 | -14.1% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €48,236 | €48,236 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,535 | - | -€19,535 | |
| Reserves not available under the articles | 1311 | €19,535 | - | -€19,535 | |
| Distributable reserves | 133 | €28,701 | €48,236 | +€19,535 | +68.1% |
| Profit (loss) carried forward | 14 | €628,576 | €445,336 | -€183,241 | -29.2% |
| Amounts payable | 17/49 | €1,547,009 | €1,561,871 | +€14,862 | +1.0% |
| Amounts payable after more than one year | 17 | €504,019 | €559,392 | +€55,373 | +11.0% |
| Financial debts | 170/4 | €504,019 | €559,392 | +€55,373 | +11.0% |
| Amounts payable within one year | 42/48 | €860,137 | €955,279 | +€95,142 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €165,697 | €136,671 | -€29,027 | -17.5% |
| Financial debts | 43 | €417,500 | €400,000 | -€17,500 | -4.2% |
| Credit institutions | 430/8 | €417,500 | €400,000 | -€17,500 | -4.2% |
| Trade debts | 44 | - | €102,094 | +€102,094 | |
| Suppliers | 440/4 | - | €102,094 | +€102,094 | |
| Taxes, remuneration and social security | 45 | €98,481 | €120,693 | +€22,212 | +22.6% |
| Taxes | 450/3 | €46,099 | €71,308 | +€25,209 | +54.7% |
| Remuneration and social security | 454/9 | €52,382 | €49,385 | -€2,997 | -5.7% |
| Other amounts payable | 47/48 | €178,460 | €195,822 | +€17,362 | +9.7% |
| Accrued charges and deferred income | 492/3 | €182,852 | €47,200 | -€135,652 | -74.2% |
| Remuneration, social security and pensions | 62 | €334,132 | €343,099 | +€8,966 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,467 | €127,896 | +€15,429 | +13.7% |
| Other operating charges | 640/8 | €6,414 | €8,742 | +€2,327 | +36.3% |
| Gross operating margin | 9900 | €519,839 | €402,099 | -€117,740 | -22.6% |
| Operating profit (loss) | 9901 | €66,825 | -€77,637 | -€144,463 | |
| Financial income | 75/76B | €8,115 | €28,446 | +€20,332 | +250.6% |
| Recurring financial income | 75 | €8,115 | €28,446 | +€20,332 | +250.6% |
| Financial charges | 65/66B | €125,298 | €133,557 | +€8,259 | +6.6% |
| Recurring financial charges | 65 | €125,298 | €133,420 | +€8,122 | +6.5% |
| Non-recurring financial charges | 66B | - | €138 | +€138 | |
| Profit (loss) for the period before taxes | 9903 | -€50,358 | -€182,748 | -€132,390 | -262.9% |
| Income taxes | 67/77 | €369 | €492 | +€124 | +33.5% |
| Profit (loss) for the period | 9904 | -€50,727 | -€183,241 | -€132,514 | -261.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,727 | -€183,241 | -€132,514 | -261.2% |
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 5 October 2026 via checked.be.