OFF THE ROCKS: 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 THE ROCKS
Largest movements
- Receivables within one year +€89,647
up €89,647 (+23.2%), from €385,965 to €475,612
- Cash +€8,639
up €8,639 (+102.5%), from €8,430 to €17,069
mainly Net result for the year (+€105,493) and Other debts (+€71,249)
- Other debts +€71,249
up €71,249 (+152.3%), from €46,772 to €118,021
- Reserves +€30,493
up €30,493 (+9.3%), from €328,373 to €358,866
of which Distributable reserves: +€30,493
- Debts after one year -€11,800
down €11,800 (-19.2%), from €61,456 to €49,657
- Gross operating margin +€30,790
up €30,790 (+37.4%), from €82,326 to €113,116
- Taxes -€10,857
down €10,857 (-41.8%), from €25,998 to €15,141
- Financial income +€3,211
up €3,211 (+23.8%), from €13,484 to €16,695
- Other operating charges -€1,511
down €1,511 (-75.2%), from €2,009 to €497
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 | €557,815 | €651,121 | +€93,306 | +16.7% |
| Fixed assets | 21/28 | €163,420 | €158,440 | -€4,980 | -3.0% |
| Tangible fixed assets | 22/27 | €19,920 | €14,940 | -€4,980 | -25.0% |
| Furniture and vehicles | 24 | €19,920 | €14,940 | -€4,980 | -25.0% |
| Financial fixed assets | 28 | €143,500 | €143,500 | = | 0.0% |
| Current assets | 29/58 | €394,395 | €492,681 | +€98,286 | +24.9% |
| Amounts receivable within one year | 40/41 | €385,965 | €475,612 | +€89,647 | +23.2% |
| Other amounts receivable | 41 | €385,965 | €475,612 | +€89,647 | +23.2% |
| Cash at bank and in hand | 54/58 | €8,430 | €17,069 | +€8,639 | +102.5% |
| Total equity and liabilities | 10/49 | €557,815 | €651,121 | +€93,306 | +16.7% |
| Equity | 10/15 | €346,973 | €377,466 | +€30,493 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €328,373 | €358,866 | +€30,493 | +9.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €326,513 | €357,006 | +€30,493 | +9.3% |
| Amounts payable | 17/49 | €210,842 | €273,655 | +€62,813 | +29.8% |
| Amounts payable after more than one year | 17 | €61,456 | €49,657 | -€11,800 | -19.2% |
| Financial debts | 170/4 | €61,456 | €49,657 | -€11,800 | -19.2% |
| Amounts payable within one year | 42/48 | €149,386 | €223,999 | +€74,613 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €13,141 | €12,639 | -€502 | -3.8% |
| Financial debts | 43 | €1,161 | €1 | -€1,160 | -99.9% |
| Credit institutions | 430/8 | €1,161 | €1 | -€1,160 | -99.9% |
| Trade debts | 44 | €42,408 | €48,397 | +€5,989 | +14.1% |
| Suppliers | 440/4 | €42,408 | €48,397 | +€5,989 | +14.1% |
| Taxes, remuneration and social security | 45 | €45,903 | €44,941 | -€962 | -2.1% |
| Taxes | 450/3 | €45,903 | €44,941 | -€962 | -2.1% |
| Other amounts payable | 47/48 | €46,772 | €118,021 | +€71,249 | +152.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,916 | €7,334 | +€418 | +6.0% |
| Other operating charges | 640/8 | €2,009 | €497 | -€1,511 | -75.2% |
| Gross operating margin | 9900 | €82,326 | €113,116 | +€30,790 | +37.4% |
| Operating profit (loss) | 9901 | €73,401 | €105,284 | +€31,883 | +43.4% |
| Financial income | 75/76B | €13,484 | €16,695 | +€3,211 | +23.8% |
| Recurring financial income | 75 | €13,484 | €16,695 | +€3,211 | +23.8% |
| Financial charges | 65/66B | €1,358 | €1,345 | -€13 | -0.9% |
| Recurring financial charges | 65 | €1,358 | €1,345 | -€13 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €85,527 | €120,634 | +€35,107 | +41.0% |
| Income taxes | 67/77 | €25,998 | €15,141 | -€10,857 | -41.8% |
| Profit (loss) for the period | 9904 | €59,529 | €105,493 | +€45,964 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,529 | €105,493 | +€45,964 | +77.2% |
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 8 October 2026 via checked.be.