Phenomenon: 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.
Phenomenon
Largest movements
- Tangible fixed assets -€18,741
down €18,741 (-4.3%), from €436,968 to €418,227
of which Land and buildings: -€18,224
- Cash +€13,480
up €13,480 (+285.7%), from €4,719 to €18,199
mainly Debts after one year (+€125,000) and Net result for the year (+€31,051)
- Reserves -€147,554
no longer reported in 2024 (was €147,554)
- Debts after one year +€125,000
up €125,000 (+41.9%), from €298,000 to €423,000
- Contributions -€18,500
down €18,500 (-99.5%), from €18,600 to €100
- Other debts +€18,500
up €18,500 (+1640.1%), from €1,128 to €19,628
- Accrued charges and deferred income +€13,312
up €13,312 (+554.0%), from €2,403 to €15,715
- Gross operating margin +€40,362
up €40,362 (+92.6%), from €43,584 to €83,946
- Financial charges +€14,598
up €14,598 (+597.1%), from €2,445 to €17,042
- Taxes +€9,448
new in 2024: €9,448
- Other operating charges +€2,020
up €2,020 (+404.4%), from €499 to €2,519
- Depreciation +€1,444
up €1,444 (+6.4%), from €22,441 to €23,885
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 | €467,685 | €462,134 | -€5,551 | -1.2% |
| Fixed assets | 21/28 | €446,268 | €427,527 | -€18,741 | -4.2% |
| Tangible fixed assets | 22/27 | €436,968 | €418,227 | -€18,741 | -4.3% |
| Land and buildings | 22 | €436,065 | €417,841 | -€18,224 | -4.2% |
| Furniture and vehicles | 24 | €902 | €386 | -€516 | -57.2% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €21,417 | €34,607 | +€13,189 | +61.6% |
| Stocks and contracts in progress | 3 | €13,278 | €13,278 | = | 0.0% |
| Stocks | 30/36 | €13,278 | €13,278 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,421 | €3,052 | -€369 | -10.8% |
| Other amounts receivable | 41 | €3,421 | €3,052 | -€369 | -10.8% |
| Cash at bank and in hand | 54/58 | €4,719 | €18,199 | +€13,480 | +285.7% |
| Deferred charges and accrued income | 490/1 | - | €78 | +€78 | |
| Total equity and liabilities | 10/49 | €467,685 | €462,134 | -€5,551 | -1.2% |
| Equity | 10/15 | €166,154 | €1,151 | -€165,003 | -99.3% |
| Contributions | 10/11 | €18,600 | €100 | -€18,500 | -99.5% |
| Reserves | 13 | €147,554 | - | -€147,554 | |
| Distributable reserves | 133 | €147,554 | - | -€147,554 | |
| Profit (loss) carried forward | 14 | - | €1,051 | +€1,051 | |
| Amounts payable | 17/49 | €301,531 | €460,983 | +€159,452 | +52.9% |
| Amounts payable after more than one year | 17 | €298,000 | €423,000 | +€125,000 | +41.9% |
| Financial debts | 170/4 | €298,000 | €423,000 | +€125,000 | +41.9% |
| Amounts payable within one year | 42/48 | €1,128 | €22,268 | +€21,140 | +1874.1% |
| Taxes, remuneration and social security | 45 | - | €2,640 | +€2,640 | |
| Taxes | 450/3 | - | €2,640 | +€2,640 | |
| Other amounts payable | 47/48 | €1,128 | €19,628 | +€18,500 | +1640.1% |
| Accrued charges and deferred income | 492/3 | €2,403 | €15,715 | +€13,312 | +554.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,441 | €23,885 | +€1,444 | +6.4% |
| Other operating charges | 640/8 | €499 | €2,519 | +€2,020 | +404.4% |
| Gross operating margin | 9900 | €43,584 | €83,946 | +€40,362 | +92.6% |
| Operating profit (loss) | 9901 | €20,644 | €57,542 | +€36,898 | +178.7% |
| Financial charges | 65/66B | €2,445 | €17,042 | +€14,598 | +597.1% |
| Recurring financial charges | 65 | €2,445 | €17,042 | +€14,598 | +597.1% |
| Profit (loss) for the period before taxes | 9903 | €18,199 | €40,499 | +€22,301 | +122.5% |
| Income taxes | 67/77 | - | €9,448 | +€9,448 | |
| Profit (loss) for the period | 9904 | €18,199 | €31,051 | +€12,852 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,199 | €31,051 | +€12,852 | +70.6% |
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.