PRECICAL: 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.
PRECICAL
Largest movements
- Stocks and contracts +€194,376
up €194,376 (+43.9%), from €443,220 to €637,596
of which Contracts in progress: +€194,376
- Receivables within one year -€126,861
down €126,861 (-22.2%), from €571,414 to €444,553
of which Trade receivables: -€133,777
- Tangible fixed assets +€41,730
up €41,730 (+21.2%), from €196,996 to €238,727
of which Plant, machinery and equipment: +€68,542
- Other debts +€131,250
up €131,250 (+71.4%), from €183,750 to €315,000
- Current portion of long-term debt -€77,252
down €77,252 (-82.2%), from €93,973 to €16,721
- Tax, wage and social debts -€76,158
down €76,158 (-39.2%), from €194,194 to €118,036
of which Taxes: -€58,557
- Advances received +€48,526
up €48,526 (+32.1%), from €151,085 to €199,611
- Trade debts +€45,629
up €45,629 (+14.4%), from €316,175 to €361,805
- Gross operating margin +€115,301
up €115,301 (+9.0%), from €1.3m to €1.4m
- Depreciation -€96,348
down €96,348 (-63.4%), from €152,018 to €55,670
- Taxes +€60,982
up €60,982 (+104.0%), from €58,627 to €119,609
- Financial income -€32,914
down €32,914 (-90.6%), from €36,348 to €3,434
- Staff costs -€24,947
down €24,947 (-2.9%), from €871,189 to €846,242
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 | €2,015,856 | €2,109,487 | +€93,631 | +4.6% |
| Fixed assets | 21/28 | €196,996 | €238,727 | +€41,730 | +21.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €196,996 | €238,727 | +€41,730 | +21.2% |
| Land and buildings | 22 | €110,072 | €88,217 | -€21,854 | -19.9% |
| Plant, machinery and equipment | 23 | €75,801 | €144,343 | +€68,542 | +90.4% |
| Furniture and vehicles | 24 | €11,124 | €6,166 | -€4,958 | -44.6% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €1,818,859 | €1,870,761 | +€51,901 | +2.9% |
| Stocks and contracts in progress | 3 | €443,220 | €637,596 | +€194,376 | +43.9% |
| Stocks | 30/36 | €9,779 | €9,779 | = | 0.0% |
| Contracts in progress | 37 | €433,441 | €627,816 | +€194,376 | +44.8% |
| Amounts receivable within one year | 40/41 | €571,414 | €444,553 | -€126,861 | -22.2% |
| Trade receivables | 40 | €571,414 | €437,637 | -€133,777 | -23.4% |
| Other amounts receivable | 41 | €0 | €6,916 | +€6,916 | |
| Cash at bank and in hand | 54/58 | €800,771 | €780,139 | -€20,633 | -2.6% |
| Deferred charges and accrued income | 490/1 | €3,454 | €8,473 | +€5,019 | +145.3% |
| Total equity and liabilities | 10/49 | €2,015,856 | €2,109,487 | +€93,631 | +4.6% |
| Equity | 10/15 | €1,002,709 | €1,027,965 | +€25,256 | +2.5% |
| Contributions | 10/11 | €260,288 | €260,288 | = | 0.0% |
| Capital | 10 | €260,288 | €260,288 | = | 0.0% |
| Issued capital | 100 | €260,288 | €260,288 | = | 0.0% |
| Reserves | 13 | €70,697 | €70,697 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,029 | €26,029 | = | 0.0% |
| Legal reserve | 130 | €26,029 | €26,029 | = | 0.0% |
| Distributable reserves | 133 | €44,669 | €44,669 | = | 0.0% |
| Profit (loss) carried forward | 14 | €669,447 | €696,239 | +€26,792 | +4.0% |
| Investment grants | 15 | €2,276 | €740 | -€1,536 | -67.5% |
| Amounts payable | 17/49 | €1,013,147 | €1,081,523 | +€68,376 | +6.7% |
| Amounts payable after more than one year | 17 | €30,137 | €13,416 | -€16,721 | -55.5% |
| Financial debts | 170/4 | €30,137 | €13,416 | -€16,721 | -55.5% |
| Amounts payable within one year | 42/48 | €983,010 | €1,068,107 | +€85,097 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €93,973 | €16,721 | -€77,252 | -82.2% |
| Financial debts | 43 | €43,833 | €56,934 | +€13,101 | +29.9% |
| Credit institutions | 430/8 | €43,833 | €56,934 | +€13,101 | +29.9% |
| Trade debts | 44 | €316,175 | €361,805 | +€45,629 | +14.4% |
| Suppliers | 440/4 | €316,175 | €361,805 | +€45,629 | +14.4% |
| Advances received on contracts in progress | 46 | €151,085 | €199,611 | +€48,526 | +32.1% |
| Taxes, remuneration and social security | 45 | €194,194 | €118,036 | -€76,158 | -39.2% |
| Taxes | 450/3 | €85,676 | €27,119 | -€58,557 | -68.3% |
| Remuneration and social security | 454/9 | €108,519 | €90,917 | -€17,601 | -16.2% |
| Other amounts payable | 47/48 | €183,750 | €315,000 | +€131,250 | +71.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | - | = | |
| Non-recurring operating income | 76A | €20,482 | - | -€20,482 | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €871,189 | €846,242 | -€24,947 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,018 | €55,670 | -€96,348 | -63.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,335 | +€2,335 | |
| Other operating charges | 640/8 | €17,337 | €18,076 | +€739 | +4.3% |
| Gross operating margin | 9900 | €1,285,396 | €1,400,697 | +€115,301 | +9.0% |
| Operating profit (loss) | 9901 | €244,852 | €478,374 | +€233,522 | +95.4% |
| Financial income | 75/76B | €36,348 | €3,434 | -€32,914 | -90.6% |
| Recurring financial income | 75 | €36,348 | €3,434 | -€32,914 | -90.6% |
| Financial charges | 65/66B | €31,603 | €20,408 | -€11,195 | -35.4% |
| Recurring financial charges | 65 | €31,603 | €20,408 | -€11,195 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €249,597 | €461,401 | +€211,803 | +84.9% |
| Income taxes | 67/77 | €58,627 | €119,609 | +€60,982 | +104.0% |
| Profit (loss) for the period | 9904 | €190,970 | €341,792 | +€150,821 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €190,970 | €341,792 | +€150,821 | +79.0% |
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.