R & MV: 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.
R & MV
Largest movements
- Receivables within one year +€19,998
up €19,998 (+106.8%), from €18,730 to €38,727
of which Trade receivables: +€18,500
- Stocks and contracts -€8,941
down €8,941 (-8.7%), from €102,257 to €93,316
- Tangible fixed assets +€8,902
up €8,902 (+177.0%), from €5,029 to €13,931
of which Furniture and vehicles: +€7,301
- Intangible fixed assets -€5,400
down €5,400 (-25.0%), from €21,600 to €16,200
- Cash -€2,657
down €2,657 (-36.2%), from €7,337 to €4,679
mainly Debts after one year (-€65,084) and Receivables within one year (-€19,998)
- Other debts +€87,812
new in 2024: €87,812
- Debts after one year -€65,084
no longer reported in 2024 (was €65,084)
- Profit (loss) carried forward -€11,529
down €11,529 (-21.2%), from €54,374 to €42,846
- Tax, wage and social debts +€8,312
new in 2024: €8,312
- Trade debts -€7,808
down €7,808 (-51.3%), from €15,232 to €7,425
- Gross operating margin +€62,133
up €62,133, from -€4,742 to €57,390
- Staff costs +€27,575
new in 2024: €27,575
- Taxes +€12,866
new in 2024: €12,866
- Financial charges +€5,235
up €5,235 (+207.4%), from €2,525 to €7,759
- Other operating charges -€4,217
down €4,217 (-74.1%), from €5,691 to €1,474
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 | €155,150 | €166,854 | +€11,704 | +7.5% |
| Fixed assets | 21/28 | €26,629 | €30,131 | +€3,502 | +13.2% |
| Intangible fixed assets | 21 | €21,600 | €16,200 | -€5,400 | -25.0% |
| Tangible fixed assets | 22/27 | €5,029 | €13,931 | +€8,902 | +177.0% |
| Plant, machinery and equipment | 23 | - | €1,602 | +€1,602 | |
| Furniture and vehicles | 24 | €5,029 | €12,330 | +€7,301 | +145.2% |
| Current assets | 29/58 | €128,521 | €136,723 | +€8,202 | +6.4% |
| Stocks and contracts in progress | 3 | €102,257 | €93,316 | -€8,941 | -8.7% |
| Stocks | 30/36 | €102,257 | €93,316 | -€8,941 | -8.7% |
| Amounts receivable within one year | 40/41 | €18,730 | €38,727 | +€19,998 | +106.8% |
| Trade receivables | 40 | - | €18,500 | +€18,500 | |
| Other amounts receivable | 41 | €18,730 | €20,227 | +€1,498 | +8.0% |
| Cash at bank and in hand | 54/58 | €7,337 | €4,679 | -€2,657 | -36.2% |
| Deferred charges and accrued income | 490/1 | €198 | - | -€198 | |
| Total equity and liabilities | 10/49 | €155,150 | €166,854 | +€11,704 | +7.5% |
| Equity | 10/15 | €74,834 | €63,306 | -€11,529 | -15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,374 | €42,846 | -€11,529 | -21.2% |
| Amounts payable | 17/49 | €80,316 | €103,549 | +€23,233 | +28.9% |
| Amounts payable after more than one year | 17 | €65,084 | - | -€65,084 | |
| Other amounts payable | 178/9 | €65,084 | - | -€65,084 | |
| Amounts payable within one year | 42/48 | €15,232 | €103,549 | +€88,317 | +579.8% |
| Trade debts | 44 | €15,232 | €7,425 | -€7,808 | -51.3% |
| Suppliers | 440/4 | €15,232 | €7,425 | -€7,808 | -51.3% |
| Taxes, remuneration and social security | 45 | - | €8,312 | +€8,312 | |
| Remuneration and social security | 454/9 | - | €8,312 | +€8,312 | |
| Other amounts payable | 47/48 | - | €87,812 | +€87,812 | |
| Remuneration, social security and pensions | 62 | - | €27,575 | +€27,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,622 | €12,245 | -€1,377 | -10.1% |
| Other operating charges | 640/8 | €5,691 | €1,474 | -€4,217 | -74.1% |
| Gross operating margin | 9900 | -€4,742 | €57,390 | +€62,133 | |
| Operating profit (loss) | 9901 | -€24,055 | €16,096 | +€40,151 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,525 | €7,759 | +€5,235 | +207.4% |
| Recurring financial charges | 65 | €2,525 | €7,759 | +€5,235 | +207.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,580 | €8,337 | +€34,917 | |
| Income taxes | 67/77 | - | €12,866 | +€12,866 | |
| Profit (loss) for the period | 9904 | -€26,580 | -€4,529 | +€22,051 | +83.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,580 | -€4,529 | +€22,051 | +83.0% |
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 8 October 2026 via checked.be.