QualiThink: 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.
QualiThink
Largest movements
- Tangible fixed assets +€35,127
up €35,127 (+9.1%), from €385,141 to €420,268
of which Land and buildings: +€36,520
- Receivables within one year +€14,801
up €14,801 (+37.8%), from €39,175 to €53,975
of which Trade receivables: +€24,801
- Cash +€10,057
up €10,057 (+31.5%), from €31,905 to €41,961
mainly Net result for the year (+€119,605) and Depreciation (+€27,779)
- Profit (loss) carried forward +€49,605
up €49,605 (+58.2%), from €85,191 to €134,796
- Trade debts +€18,766
up €18,766 (+396.5%), from €4,733 to €23,499
- Debts after one year -€15,218
down €15,218 (-8.8%), from €173,848 to €158,629
of which Financial debts: -€15,218
- Gross operating margin +€23,487
up €23,487 (+15.8%), from €148,351 to €171,838
- Taxes +€10,605
up €10,605 (+193.8%), from €5,472 to €16,077
- Depreciation +€4,614
up €4,614 (+19.9%), from €23,165 to €27,779
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 | €465,924 | €522,711 | +€56,787 | +12.2% |
| Fixed assets | 21/28 | €385,141 | €420,268 | +€35,127 | +9.1% |
| Tangible fixed assets | 22/27 | €385,141 | €420,268 | +€35,127 | +9.1% |
| Land and buildings | 22 | €362,487 | €399,007 | +€36,520 | +10.1% |
| Plant, machinery and equipment | 23 | €2,436 | €5,496 | +€3,059 | +125.6% |
| Furniture and vehicles | 24 | €16,675 | €13,289 | -€3,386 | -20.3% |
| Leasing and similar rights | 25 | €1,203 | €875 | -€328 | -27.2% |
| Other tangible fixed assets | 26 | €2,340 | €1,601 | -€739 | -31.6% |
| Current assets | 29/58 | €80,783 | €102,443 | +€21,660 | +26.8% |
| Amounts receivable within one year | 40/41 | €39,175 | €53,975 | +€14,801 | +37.8% |
| Trade receivables | 40 | €29,175 | €53,975 | +€24,801 | +85.0% |
| Other amounts receivable | 41 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €31,905 | €41,961 | +€10,057 | +31.5% |
| Deferred charges and accrued income | 490/1 | €9,704 | €6,506 | -€3,198 | -33.0% |
| Total equity and liabilities | 10/49 | €465,924 | €522,711 | +€56,787 | +12.2% |
| Equity | 10/15 | €93,251 | €142,856 | +€49,605 | +53.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,191 | €134,796 | +€49,605 | +58.2% |
| Amounts payable | 17/49 | €372,673 | €379,855 | +€7,182 | +1.9% |
| Amounts payable after more than one year | 17 | €173,848 | €158,629 | -€15,218 | -8.8% |
| Financial debts | 170/4 | €172,848 | €157,629 | -€15,218 | -8.8% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €198,825 | €221,226 | +€22,401 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €14,919 | €15,218 | +€300 | +2.0% |
| Financial debts | 43 | €893 | €2,779 | +€1,886 | +211.1% |
| Credit institutions | 430/8 | €893 | €2,779 | +€1,886 | +211.1% |
| Trade debts | 44 | €4,733 | €23,499 | +€18,766 | +396.5% |
| Suppliers | 440/4 | €4,733 | €23,499 | +€18,766 | +396.5% |
| Taxes, remuneration and social security | 45 | €23,210 | €28,126 | +€4,916 | +21.2% |
| Taxes | 450/3 | €19,210 | €28,126 | +€8,916 | +46.4% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €155,070 | €151,604 | -€3,466 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,165 | €27,779 | +€4,614 | +19.9% |
| Other operating charges | 640/8 | €1,255 | €882 | -€374 | -29.8% |
| Gross operating margin | 9900 | €148,351 | €171,838 | +€23,487 | +15.8% |
| Operating profit (loss) | 9901 | €123,931 | €143,177 | +€19,246 | +15.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,324 | €7,495 | +€1,171 | +18.5% |
| Recurring financial charges | 65 | €6,324 | €7,495 | +€1,171 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €117,607 | €135,682 | +€18,075 | +15.4% |
| Income taxes | 67/77 | €5,472 | €16,077 | +€10,605 | +193.8% |
| Profit (loss) for the period | 9904 | €112,135 | €119,605 | +€7,470 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €112,135 | €119,605 | +€7,470 | +6.7% |
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 2 October 2026 via checked.be.