Perspectives: 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.
Perspectives
Largest movements
- Cash +€143,058
up €143,058 (+47.0%), from €304,154 to €447,212
mainly Accrued charges and deferred income (+€115,759) and Debts within one year (+€46,087)
- Receivables within one year +€18,423
up €18,423 (+25.5%), from €72,254 to €90,677
of which Other amounts receivable: +€18,008
- Tangible fixed assets -€7,252
down €7,252 (-5.4%), from €134,713 to €127,461
of which Land and buildings: -€7,682
- Accrued charges and deferred income +€115,759
new in 2024: €115,759
- Debts within one year +€46,087
up €46,087 (+16.2%), from €285,035 to €331,122
of which Tax, wage and social debts: +€48,189
- Debts after one year -€8,594
down €8,594 (-6.9%), from €124,228 to €115,634
- Gross operating margin -€27,177
down €27,177 (-4.5%), from €609,632 to €582,455
- Staff costs -€20,374
down €20,374 (-3.5%), from €586,980 to €566,606
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 | €517,827 | €671,415 | +€153,588 | +29.7% |
| Fixed assets | 21/28 | €134,713 | €127,461 | -€7,252 | -5.4% |
| Tangible fixed assets | 22/27 | €134,713 | €127,461 | -€7,252 | -5.4% |
| Land and buildings | 22 | €130,595 | €122,913 | -€7,682 | -5.9% |
| Plant, machinery and equipment | 23 | €4,118 | €4,548 | +€430 | +10.4% |
| Current assets | 29/58 | €383,114 | €543,954 | +€160,840 | +42.0% |
| Amounts receivable within one year | 40/41 | €72,254 | €90,677 | +€18,423 | +25.5% |
| Trade receivables | 40 | - | €415 | +€415 | |
| Other amounts receivable | 41 | €72,254 | €90,262 | +€18,008 | +24.9% |
| Cash at bank and in hand | 54/58 | €304,154 | €447,212 | +€143,058 | +47.0% |
| Deferred charges and accrued income | 490/1 | €6,706 | €6,065 | -€641 | -9.6% |
| Total equity and liabilities | 10/49 | €517,827 | €671,415 | +€153,588 | +29.7% |
| Equity | 10/15 | €108,564 | €108,900 | +€336 | +0.3% |
| Profit (loss) carried forward | 14 | €108,564 | €108,900 | +€336 | +0.3% |
| Amounts payable | 17/49 | €409,263 | €562,515 | +€153,252 | +37.4% |
| Amounts payable after more than one year | 17 | €124,228 | €115,634 | -€8,594 | -6.9% |
| Financial debts | 170/4 | €124,228 | €115,634 | -€8,594 | -6.9% |
| Amounts payable within one year | 42/48 | €285,035 | €331,122 | +€46,087 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €8,216 | €8,595 | +€379 | +4.6% |
| Trade debts | 44 | €1,905 | €5,314 | +€3,409 | +179.0% |
| Suppliers | 440/4 | €1,905 | €5,314 | +€3,409 | +179.0% |
| Taxes, remuneration and social security | 45 | €48,772 | €96,961 | +€48,189 | +98.8% |
| Taxes | 450/3 | €4,168 | €14,678 | +€10,510 | +252.2% |
| Remuneration and social security | 454/9 | €44,604 | €82,283 | +€37,679 | +84.5% |
| Accrued charges and deferred income | 492/3 | - | €115,759 | +€115,759 | |
| Non-recurring operating income | 76A | - | €4 | +€4 | |
| Remuneration, social security and pensions | 62 | €586,980 | €566,606 | -€20,374 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,399 | €8,791 | -€1,608 | -15.5% |
| Other operating charges | 640/8 | €1,185 | €1,235 | +€50 | +4.2% |
| Non-recurring operating charges | 66A | €7 | €5 | -€2 | -28.6% |
| Gross operating margin | 9900 | €609,632 | €582,455 | -€27,177 | -4.5% |
| Operating profit (loss) | 9901 | €11,061 | €5,818 | -€5,243 | -47.4% |
| Financial income | 75/76B | €160 | €510 | +€350 | +218.8% |
| Recurring financial income | 75 | €160 | €510 | +€350 | +218.8% |
| Financial charges | 65/66B | €6,354 | €5,992 | -€362 | -5.7% |
| Recurring financial charges | 65 | €6,354 | €5,992 | -€362 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €4,867 | €336 | -€4,531 | -93.1% |
| Profit (loss) for the period | 9904 | €4,867 | €336 | -€4,531 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,867 | €336 | -€4,531 | -93.1% |
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 3 October 2026 via checked.be.