ONE ON ONE: 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.
ONE ON ONE
Largest movements
- Receivables within one year -€115,059
down €115,059 (-41.6%), from €276,449 to €161,391
of which Trade receivables: -€114,915
- Cash +€19,182
up €19,182 (+13.7%), from €140,299 to €159,481
mainly Receivables within one year (+€115,059) and Depreciation (+€72,862)
- Trade debts -€52,858
down €52,858 (-22.8%), from €231,899 to €179,040
- Debts after one year -€37,120
down €37,120 (-10.9%), from €341,348 to €304,228
- Other debts +€23,148
up €23,148 (+13.5%), from €172,013 to €195,160
- Current portion of long-term debt -€15,825
down €15,825 (-16.8%), from €94,224 to €78,399
- Reserves -€12,537
down €12,537 (-9.8%), from €127,711 to €115,173
of which Distributable reserves: -€12,537
- Gross operating margin -€26,156
down €26,156 (-22.0%), from €118,785 to €92,629
- Depreciation +€6,558
up €6,558 (+9.9%), from €66,304 to €72,862
- Taxes +€2,802
up €2,802 (+28.3%), from €9,909 to €12,712
- Other operating charges -€2,790
down €2,790 (-50.5%), from €5,526 to €2,735
- Financial charges +€2,762
up €2,762 (+18.5%), from €14,958 to €17,720
of which Financial charges: +€2,762
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 | €1,021,751 | €931,271 | -€90,480 | -8.9% |
| Fixed assets | 21/28 | €600,244 | €607,649 | +€7,405 | +1.2% |
| Tangible fixed assets | 22/27 | €591,435 | €596,570 | +€5,135 | +0.9% |
| Land and buildings | 22 | €396,122 | €370,291 | -€25,831 | -6.5% |
| Plant, machinery and equipment | 23 | €106,251 | €84,443 | -€21,807 | -20.5% |
| Furniture and vehicles | 24 | €89,062 | €141,835 | +€52,774 | +59.3% |
| Financial fixed assets | 28 | €8,810 | €11,080 | +€2,270 | +25.8% |
| Current assets | 29/58 | €421,506 | €323,621 | -€97,885 | -23.2% |
| Stocks and contracts in progress | 3 | €4,758 | €2,750 | -€2,008 | -42.2% |
| Stocks | 30/36 | €4,758 | €2,750 | -€2,008 | -42.2% |
| Amounts receivable within one year | 40/41 | €276,449 | €161,391 | -€115,059 | -41.6% |
| Trade receivables | 40 | €271,436 | €156,521 | -€114,915 | -42.3% |
| Other amounts receivable | 41 | €5,013 | €4,869 | -€144 | -2.9% |
| Cash at bank and in hand | 54/58 | €140,299 | €159,481 | +€19,182 | +13.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,021,751 | €931,271 | -€90,480 | -8.9% |
| Equity | 10/15 | €146,311 | €133,773 | -€12,537 | -8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,711 | €115,173 | -€12,537 | -9.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €120,851 | €108,313 | -€12,537 | -10.4% |
| Amounts payable | 17/49 | €875,440 | €797,497 | -€77,943 | -8.9% |
| Amounts payable after more than one year | 17 | €341,348 | €304,228 | -€37,120 | -10.9% |
| Financial debts | 170/4 | €341,348 | €304,228 | -€37,120 | -10.9% |
| Amounts payable within one year | 42/48 | €508,891 | €468,069 | -€40,822 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €94,224 | €78,399 | -€15,825 | -16.8% |
| Trade debts | 44 | €231,899 | €179,040 | -€52,858 | -22.8% |
| Suppliers | 440/4 | €231,899 | €179,040 | -€52,858 | -22.8% |
| Taxes, remuneration and social security | 45 | €10,756 | €15,469 | +€4,713 | +43.8% |
| Taxes | 450/3 | €10,756 | €15,469 | +€4,713 | +43.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €172,013 | €195,160 | +€23,148 | +13.5% |
| Accrued charges and deferred income | 492/3 | €25,200 | €25,200 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €99 | €132 | +€33 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,304 | €72,862 | +€6,558 | +9.9% |
| Other operating charges | 640/8 | €5,526 | €2,735 | -€2,790 | -50.5% |
| Gross operating margin | 9900 | €118,785 | €92,629 | -€26,156 | -22.0% |
| Operating profit (loss) | 9901 | €46,857 | €16,900 | -€29,957 | -63.9% |
| Financial income | 75/76B | €0 | €994 | +€994 | +993850.0% |
| Recurring financial income | 75 | €0 | €994 | +€994 | +993850.0% |
| Financial charges | 65/66B | €14,958 | €17,720 | +€2,762 | +18.5% |
| Recurring financial charges | 65 | €14,958 | €17,720 | +€2,762 | +18.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €31,899 | €174 | -€31,725 | -99.5% |
| Income taxes | 67/77 | €9,909 | €12,712 | +€2,802 | +28.3% |
| Profit (loss) for the period | 9904 | €21,990 | -€12,537 | -€34,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,990 | -€12,537 | -€34,527 |
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 12 October 2026 via checked.be.