ON TRACK: what changed
Two financial 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.
ON TRACK
Largest movements
- Receivables within one year +€136,510
up €136,510 (+169%), from €80,554 to €217,064
of which Other amounts receivable: +€116,515
- Tangible fixed assets -€83,947
down €83,947 (-12.8%), from €657,434 to €573,487
of which Furniture and vehicles: -€52,095
- Intangible fixed assets -€10,000
no longer reported in 2024 (was €10,000)
- Trade debts +€83,111
up €83,111 (+36.3%), from €228,995 to €312,106
- Debts after one year -€71,046
down €71,046 (-36.9%), from €192,499 to €121,453
- Profit (loss) carried forward +€32,207
up €32,207 (+117%), from €27,466 to €59,673
- Other debts -€10,831
down €10,831 (-7.7%), from €141,330 to €130,499
- Tax, wage and social debts +€10,699
up €10,699 (+21.2%), from €50,380 to €61,079
- Gross operating margin +€40,900
up €40,900 (+30.7%), from €133,282 to €174,183
- Taxes +€13,916
up €13,916 (+77.0%), from €18,077 to €31,993
- Other operating charges +€2,097
up €2,097 (+24.4%), from €8,592 to €10,688
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.
Derived cash bridge
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 | €750,753 | €800,035 | +€49,281 | +6.6% |
| Fixed assets | 21/28 | €667,434 | €578,487 | -€88,947 | -13.3% |
| Intangible fixed assets | 21 | €10,000 | - | -€10,000 | |
| Tangible fixed assets | 22/27 | €657,434 | €573,487 | -€83,947 | -12.8% |
| Land and buildings | 22 | €462,016 | €431,817 | -€30,199 | -6.5% |
| Plant, machinery and equipment | 23 | €7,685 | €6,032 | -€1,653 | -21.5% |
| Furniture and vehicles | 24 | €187,733 | €135,638 | -€52,095 | -27.7% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €83,319 | €221,548 | +€138,228 | +166% |
| Amounts receivable within one year | 40/41 | €80,554 | €217,064 | +€136,510 | +169% |
| Trade receivables | 40 | €11,094 | €31,089 | +€19,995 | +180% |
| Other amounts receivable | 41 | €69,460 | €185,976 | +€116,515 | +168% |
| Cash at bank and in hand | 54/58 | €2,765 | €73 | -€2,692 | -97.3% |
| Deferred charges and accrued income | 490/1 | - | €4,410 | +€4,410 | |
| Total equity and liabilities | 10/49 | €750,753 | €800,035 | +€49,281 | +6.6% |
| Equity | 10/15 | €67,739 | €99,945 | +€32,207 | +47.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €37,773 | €37,773 | = | 0.0% |
| Distributable reserves | 133 | €37,773 | €37,773 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,466 | €59,673 | +€32,207 | +117% |
| Amounts payable | 17/49 | €683,015 | €700,090 | +€17,075 | +2.5% |
| Amounts payable after more than one year | 17 | €192,499 | €121,453 | -€71,046 | -36.9% |
| Financial debts | 170/4 | €192,499 | €121,453 | -€71,046 | -36.9% |
| Amounts payable within one year | 42/48 | €490,516 | €578,637 | +€88,121 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €69,811 | €74,953 | +€5,142 | +7.4% |
| Trade debts | 44 | €228,995 | €312,106 | +€83,111 | +36.3% |
| Suppliers | 440/4 | €228,995 | €312,106 | +€83,111 | +36.3% |
| Taxes, remuneration and social security | 45 | €50,380 | €61,079 | +€10,699 | +21.2% |
| Taxes | 450/3 | €50,380 | €61,079 | +€10,699 | +21.2% |
| Other amounts payable | 47/48 | €141,330 | €130,499 | -€10,831 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,632 | €93,947 | +€315 | +0.3% |
| Other operating charges | 640/8 | €8,592 | €10,688 | +€2,097 | +24.4% |
| Gross operating margin | 9900 | €133,282 | €174,183 | +€40,900 | +30.7% |
| Operating profit (loss) | 9901 | €31,059 | €69,547 | +€38,488 | +124% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €6,202 | €5,348 | -€854 | -13.8% |
| Recurring financial charges | 65 | €6,202 | €5,348 | -€854 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €24,857 | €64,200 | +€39,343 | +158% |
| Income taxes | 67/77 | €18,077 | €31,993 | +€13,916 | +77.0% |
| Profit (loss) for the period | 9904 | €6,779 | €32,207 | +€25,427 | +375% |
| Profit (loss) for the period to be appropriated | 9905 | €6,779 | €32,207 | +€25,427 | +375% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.