PROCEEDING: 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.
PROCEEDING
Largest movements
- Financial fixed assets +€184,340
up €184,340 (+10.4%), from €1.8m to €2.0m
- Cash -€95,590
down €95,590 (-89.6%), from €106,744 to €11,154
mainly Investment in fixed assets (net) (-€195,694) and Tax, wage and social debts (-€49,536)
- Reserves +€108,803
up €108,803 (+5.1%), from €2.1m to €2.2m
- Tax, wage and social debts -€49,536
down €49,536 (-63.4%), from €78,159 to €28,623
- Short-term financial debts +€30,000
new in 2024: €30,000
- Gross operating margin -€141,373
down €141,373 (-89.0%), from €158,879 to €17,507
- Financial income +€85,744
up €85,744 (+80.7%), from €106,281 to €192,025
- Taxes -€19,530
down €19,530 (-22.1%), from €88,337 to €68,807
- Provisions +€8,219
no longer reported in 2024 (was -€8,219)
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 | €2,316,435 | €2,413,949 | +€97,514 | +4.2% |
| Fixed assets | 21/28 | €1,797,514 | €1,990,157 | +€192,643 | +10.7% |
| Tangible fixed assets | 22/27 | €25,628 | €33,931 | +€8,303 | +32.4% |
| Land and buildings | 22 | €1,959 | €1,618 | -€341 | -17.4% |
| Furniture and vehicles | 24 | €3,263 | €6,877 | +€3,614 | +110.7% |
| Other tangible fixed assets | 26 | €20,406 | €25,436 | +€5,030 | +24.7% |
| Financial fixed assets | 28 | €1,771,886 | €1,956,226 | +€184,340 | +10.4% |
| Current assets | 29/58 | €518,921 | €423,793 | -€95,129 | -18.3% |
| Amounts receivable within one year | 40/41 | €8,153 | €4,973 | -€3,181 | -39.0% |
| Trade receivables | 40 | €7,270 | €1,999 | -€5,271 | -72.5% |
| Other amounts receivable | 41 | €883 | €2,974 | +€2,091 | +236.7% |
| Current investments | 50/53 | €400,000 | €403,425 | +€3,426 | +0.9% |
| Cash at bank and in hand | 54/58 | €106,744 | €11,154 | -€95,590 | -89.6% |
| Deferred charges and accrued income | 490/1 | €4,024 | €4,241 | +€217 | +5.4% |
| Total equity and liabilities | 10/49 | €2,316,435 | €2,413,949 | +€97,514 | +4.2% |
| Equity | 10/15 | €2,210,361 | €2,319,235 | +€108,875 | +4.9% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €2,135,197 | €2,244,000 | +€108,803 | +5.1% |
| Distributable reserves | 133 | €2,135,197 | €2,244,000 | +€108,803 | +5.1% |
| Profit (loss) carried forward | 14 | €763 | €835 | +€72 | +9.4% |
| Amounts payable | 17/49 | €106,075 | €94,714 | -€11,360 | -10.7% |
| Amounts payable within one year | 42/48 | €106,066 | €94,643 | -€11,423 | -10.8% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Other loans | 439 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €2,140 | €6,901 | +€4,760 | +222.4% |
| Suppliers | 440/4 | €2,140 | €6,901 | +€4,760 | +222.4% |
| Taxes, remuneration and social security | 45 | €78,159 | €28,623 | -€49,536 | -63.4% |
| Taxes | 450/3 | €78,159 | €28,623 | -€49,536 | -63.4% |
| Other amounts payable | 47/48 | €25,767 | €29,119 | +€3,352 | +13.0% |
| Accrued charges and deferred income | 492/3 | €9 | €72 | +€63 | +706.3% |
| Non-recurring operating income | 76A | - | €103 | +€103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,306 | €3,051 | +€745 | +32.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€8,219 | - | +€8,219 | |
| Other operating charges | 640/8 | €1,196 | €1,149 | -€47 | -3.9% |
| Gross operating margin | 9900 | €158,879 | €17,507 | -€141,373 | -89.0% |
| Operating profit (loss) | 9901 | €163,596 | €13,306 | -€150,290 | -91.9% |
| Financial income | 75/76B | €106,281 | €192,025 | +€85,744 | +80.7% |
| Recurring financial income | 75 | €106,281 | €192,025 | +€85,744 | +80.7% |
| Financial charges | 65/66B | €99 | €452 | +€354 | +358.9% |
| Recurring financial charges | 65 | €99 | €452 | +€354 | +358.9% |
| Profit (loss) for the period before taxes | 9903 | €269,779 | €204,878 | -€64,900 | -24.1% |
| Income taxes | 67/77 | €88,337 | €68,807 | -€19,530 | -22.1% |
| Profit (loss) for the period | 9904 | €181,442 | €136,072 | -€45,370 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €181,442 | €136,072 | -€45,370 | -25.0% |
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 1 October 2026 via checked.be.