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PREDOX: 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.

What changed

PREDOX

BE 0776.696.717
NACE 43.211, General electrical installation work
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€9,148
2023 · €6,078+€3,070
Equity
€19,576
2023 · €10,428+€9,148
Cash
€9,903
2023 · €11,464-€1,561
Balance sheet total
€121,246
2023 · €39,410+€81,836

Largest movements

2023 to 2024
Assets
  • Receivables within one year +€66,103

    up €66,103 (+437.1%), from €15,124 to €81,227

    of which Trade receivables: +€70,344

  • Tangible fixed assets +€17,795

    up €17,795 (+144.4%), from €12,321 to €30,116

    of which Furniture and vehicles: +€18,314

  • Cash -€1,561

    down €1,561 (-13.6%), from €11,464 to €9,903

    mainly Receivables within one year (-€66,103) and Investment in fixed assets (net) (-€22,712)

Equity and liabilities
  • Trade debts +€39,730

    up €39,730 (+770.4%), from €5,157 to €44,887

  • Advances received +€18,670

    new in 2024: €18,670

  • Debts after one year +€16,382

    up €16,382 (+303.4%), from €5,400 to €21,782

  • Profit (loss) carried forward +€9,148

    up €9,148 (+87.7%), from €10,428 to €19,576

  • Current portion of long-term debt -€4,055

    no longer reported in 2024 (was €4,055)

Income statement
  • Depreciation -€2,712

    down €2,712 (-35.6%), from €7,628 to €4,916

  • Gross operating margin +€2,365

    up €2,365 (+14.0%), from €16,949 to €19,314

  • Taxes +€1,311

    up €1,311 (+81.9%), from €1,600 to €2,911

  • Financial charges +€309

    up €309 (+46.8%), from €659 to €968

  • Other operating charges +€278

    up €278 (+25.4%), from €1,093 to €1,371

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €6,078
Gross operating margin +€2,365
Depreciation +€2,712
Other operating charges -€278
Financial income -€110
Financial charges -€309
Taxes -€1,311
Result 2024 €9,148

Cash bridge derived

cash 2023 to 2024

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.

From operations +€8,823
Investment -€22,712
Financing +€12,328
Cash 2023 €11,464
Net result for the year +€9,148
Depreciation +€4,916
Receivables within one year -€66,103
Deferred charges and accrued income +€500
Trade debts +€39,730
Tax, wage and social debts -€494
Advances received +€18,670
Other debts +€2,456
Investment in fixed assets (net) -€22,712
Debts after one year +€16,382
Current portion of long-term debt -€4,055
Cash 2024 €9,903
Every line side by side 37 lines
Line Code 2023 2024 Change %
Total assets 20/58 €39,410 €121,246 +€81,836 +207.7%
Fixed assets 21/28 €12,321 €30,116 +€17,795 +144.4%
Tangible fixed assets 22/27 €12,321 €30,116 +€17,795 +144.4%
Plant, machinery and equipment 23 €1,024 €505 -€519 -50.7%
Furniture and vehicles 24 €11,297 €29,612 +€18,314 +162.1%
Current assets 29/58 €27,089 €91,130 +€64,041 +236.4%
Amounts receivable within one year 40/41 €15,124 €81,227 +€66,103 +437.1%
Trade receivables 40 €9,419 €79,763 +€70,344 +746.9%
Other amounts receivable 41 €5,706 €1,464 -€4,242 -74.3%
Cash at bank and in hand 54/58 €11,464 €9,903 -€1,561 -13.6%
Deferred charges and accrued income 490/1 €500 - -€500
Total equity and liabilities 10/49 €39,410 €121,246 +€81,836 +207.7%
Equity 10/15 €10,428 €19,576 +€9,148 +87.7%
Profit (loss) carried forward 14 €10,428 €19,576 +€9,148 +87.7%
Amounts payable 17/49 €28,982 €101,671 +€72,689 +250.8%
Amounts payable after more than one year 17 €5,400 €21,782 +€16,382 +303.4%
Financial debts 170/4 €5,400 €21,782 +€16,382 +303.4%
Amounts payable within one year 42/48 €23,582 €79,888 +€56,306 +238.8%
Current portion of amounts payable after more than one year 42 €4,055 - -€4,055
Trade debts 44 €5,157 €44,887 +€39,730 +770.4%
Suppliers 440/4 €5,157 €44,887 +€39,730 +770.4%
Advances received on contracts in progress 46 - €18,670 +€18,670
Taxes, remuneration and social security 45 €6,037 €5,543 -€494 -8.2%
Taxes 450/3 €6,037 €5,543 -€494 -8.2%
Other amounts payable 47/48 €8,332 €10,789 +€2,456 +29.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €7,628 €4,916 -€2,712 -35.6%
Other operating charges 640/8 €1,093 €1,371 +€278 +25.4%
Gross operating margin 9900 €16,949 €19,314 +€2,365 +14.0%
Operating profit (loss) 9901 €8,227 €13,026 +€4,799 +58.3%
Financial income 75/76B €110 - -€110
Recurring financial income 75 €110 - -€110
Financial charges 65/66B €659 €968 +€309 +46.8%
Recurring financial charges 65 €659 €968 +€309 +46.8%
Profit (loss) for the period before taxes 9903 €7,678 €12,058 +€4,380 +57.0%
Income taxes 67/77 €1,600 €2,911 +€1,311 +81.9%
Profit (loss) for the period 9904 €6,078 €9,148 +€3,070 +50.5%
Profit (loss) for the period to be appropriated 9905 €6,078 €9,148 +€3,070 +50.5%

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 28 September 2026 via checked.be.