POTENTIAL: 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.
POTENTIAL
Largest movements
- Stocks and contracts +€1.3m
up €1.3m (+63.8%), from €2.1m to €3.4m
- Financial fixed assets +€1.0m
up €1.0m (+281.4%), from €364,207 to €1.4m
- Receivables within one year -€749,981
down €749,981 (-18.9%), from €4.0m to €3.2m
of which Trade receivables: -€855,626
- Receivables after one year -€575,000
down €575,000 (-45.3%), from €1.3m to €693,292
- Cash -€350,351
down €350,351 (-94.7%), from €369,957 to €19,606
mainly Stocks and contracts (-€1.3m) and Investment in fixed assets (net) (-€1.0m)
- Short-term financial debts +€458,321
up €458,321 (+40.1%), from €1.1m to €1.6m
- Reserves +€199,944
up €199,944 (+3.1%), from €6.5m to €6.7m
of which Distributable reserves: +€199,944
- Gross operating margin -€1.3m
down €1.3m (-87.6%), from €1.4m to €177,152
- Financial income -€595,742
down €595,742 (-74.4%), from €800,554 to €204,812
of which Non-recurring financial income: -€630,105
- Taxes -€313,677
down €313,677 (-90.4%), from €347,062 to €33,385
- Depreciation +€15,276
up €15,276 (+146.0%), from €10,463 to €25,739
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 | €8,174,585 | €8,830,628 | +€656,043 | +8.0% |
| Fixed assets | 21/28 | €482,233 | €1,481,391 | +€999,158 | +207.2% |
| Tangible fixed assets | 22/27 | €118,026 | €92,287 | -€25,739 | -21.8% |
| Plant, machinery and equipment | 23 | €25,564 | €19,121 | -€6,443 | -25.2% |
| Furniture and vehicles | 24 | €92,462 | €73,166 | -€19,296 | -20.9% |
| Financial fixed assets | 28 | €364,207 | €1,389,104 | +€1.0m | +281.4% |
| Current assets | 29/58 | €7,692,352 | €7,349,237 | -€343,115 | -4.5% |
| Amounts receivable after more than one year | 29 | €1,268,292 | €693,292 | -€575,000 | -45.3% |
| Other amounts receivable | 291 | €1,268,292 | €693,292 | -€575,000 | -45.3% |
| Stocks and contracts in progress | 3 | €2,089,563 | €3,421,778 | +€1.3m | +63.8% |
| Stocks | 30/36 | €2,089,563 | €3,421,778 | +€1.3m | +63.8% |
| Amounts receivable within one year | 40/41 | €3,961,249 | €3,211,269 | -€749,981 | -18.9% |
| Trade receivables | 40 | €1,110,558 | €254,932 | -€855,626 | -77.0% |
| Other amounts receivable | 41 | €2,850,691 | €2,956,337 | +€105,646 | +3.7% |
| Cash at bank and in hand | 54/58 | €369,957 | €19,606 | -€350,351 | -94.7% |
| Deferred charges and accrued income | 490/1 | €3,291 | €3,292 | +€1 | 0.0% |
| Total equity and liabilities | 10/49 | €8,174,585 | €8,830,628 | +€656,043 | +8.0% |
| Equity | 10/15 | €6,518,850 | €6,718,794 | +€199,944 | +3.1% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €6,512,645 | €6,712,589 | +€199,944 | +3.1% |
| 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 | €6,510,785 | €6,710,729 | +€199,944 | +3.1% |
| Amounts payable | 17/49 | €1,655,735 | €2,111,834 | +€456,100 | +27.5% |
| Amounts payable after more than one year | 17 | €80,236 | €66,815 | -€13,421 | -16.7% |
| Financial debts | 170/4 | €79,786 | €65,915 | -€13,871 | -17.4% |
| Other amounts payable | 178/9 | €450 | €900 | +€450 | +100.0% |
| Amounts payable within one year | 42/48 | €1,550,717 | €2,041,760 | +€491,043 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €28,832 | €38,304 | +€9,472 | +32.9% |
| Financial debts | 43 | €1,143,675 | €1,601,996 | +€458,321 | +40.1% |
| Credit institutions | 430/8 | €1,143,675 | €1,601,996 | +€458,321 | +40.1% |
| Trade debts | 44 | €6,953 | €21,293 | +€14,340 | +206.3% |
| Suppliers | 440/4 | €6,953 | €21,293 | +€14,340 | +206.3% |
| Taxes, remuneration and social security | 45 | €228,723 | €193,564 | -€35,159 | -15.4% |
| Taxes | 450/3 | €218,211 | €184,320 | -€33,891 | -15.5% |
| Remuneration and social security | 454/9 | €10,512 | €9,244 | -€1,268 | -12.1% |
| Other amounts payable | 47/48 | €142,534 | €186,603 | +€44,069 | +30.9% |
| Accrued charges and deferred income | 492/3 | €24,782 | €3,259 | -€21,523 | -86.8% |
| Remuneration, social security and pensions | 62 | €26,597 | €25,393 | -€1,204 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,463 | €25,739 | +€15,276 | +146.0% |
| Other operating charges | 640/8 | €9,940 | €11,750 | +€1,809 | +18.2% |
| Non-recurring operating charges | 66A | €1,515 | - | -€1,515 | |
| Gross operating margin | 9900 | €1,428,970 | €177,152 | -€1.3m | -87.6% |
| Operating profit (loss) | 9901 | €1,380,454 | €114,270 | -€1.3m | -91.7% |
| Financial income | 75/76B | €800,554 | €204,812 | -€595,742 | -74.4% |
| Recurring financial income | 75 | €170,449 | €204,812 | +€34,363 | +20.2% |
| Non-recurring financial income | 76B | €630,105 | - | -€630,105 | |
| Financial charges | 65/66B | €91,231 | €85,753 | -€5,479 | -6.0% |
| Recurring financial charges | 65 | €91,231 | €85,753 | -€5,479 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €2,089,777 | €233,329 | -€1.9m | -88.8% |
| Income taxes | 67/77 | €347,062 | €33,385 | -€313,677 | -90.4% |
| Profit (loss) for the period | 9904 | €1,742,715 | €199,944 | -€1.5m | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,742,715 | €199,944 | -€1.5m | -88.5% |
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.