RATIO FIRM – CENSUS: what changed
Two financial 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.
RATIO FIRM – CENSUS
Largest movements
- Receivables within one year -€53,771
down €53,771 (-86.3%), from €62,341 to €8,570
of which Trade receivables: -€60,561
- Tangible fixed assets +€42,732
up €42,732 (+7.8%), from €550,989 to €593,721
of which Land and buildings: +€42,003
- Cash -€13,532
down €13,532 (-58.4%), from €23,179 to €9,647
mainly Investment in fixed assets (net) (-€76,333) and Trade debts (-€34,000)
- Trade debts -€34,000
down €34,000 (-88.9%), from €38,234 to €4,234
of which Suppliers: -€34,000
- Debts after one year -€26,876
down €26,876 (-6.1%), from €439,047 to €412,171
of which Financial debts: -€26,876
- Other debts +€21,916
up €21,916 (+62.0%), from €35,323 to €57,239
- Current portion of long-term debt +€9,145
up €9,145 (+35.1%), from €26,086 to €35,230
- Gross operating margin +€11,291
up €11,291 (+22.9%), from €49,393 to €60,684
- Depreciation +€5,299
up €5,299 (+18.7%), from €28,302 to €33,601
- Financial charges +€2,436
up €2,436 (+15.2%), from €16,028 to €18,464
- Taxes +€858
up €858 (+141.3%), from €607 to €1,466
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 | €637,424 | €612,449 | -€24,975 | -3.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €551,500 | €594,231 | +€42,732 | +7.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €550,989 | €593,721 | +€42,732 | +7.8% |
| Land and buildings | 22 | €529,481 | €571,484 | +€42,003 | +7.9% |
| Plant, machinery and equipment | 23 | €18,288 | €19,979 | +€1,691 | +9.2% |
| Furniture and vehicles | 24 | €1,220 | €658 | -€563 | -46.1% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €2,000 | €1,600 | -€400 | -20.0% |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €511 | €511 | = | 0.0% |
| Current assets | 29/58 | €85,924 | €18,217 | -€67,707 | -78.8% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €62,341 | €8,570 | -€53,771 | -86.3% |
| Trade receivables | 40 | €60,561 | €0 | -€60,561 | -100.0% |
| Other amounts receivable | 41 | €1,780 | €8,570 | +€6,790 | +381.3% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €23,179 | €9,647 | -€13,532 | -58.4% |
| Deferred charges and accrued income | 490/1 | €404 | €0 | -€404 | -100.0% |
| Total equity and liabilities | 10/49 | €637,424 | €612,449 | -€24,975 | -3.9% |
| Equity | 10/15 | €79,703 | €85,773 | +€6,070 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €125,368 | €125,368 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €123,508 | €123,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,266 | -€58,195 | +€6,070 | +9.4% |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €557,721 | €526,676 | -€31,046 | -5.6% |
| Amounts payable after more than one year | 17 | €439,047 | €412,171 | -€26,876 | -6.1% |
| Financial debts | 170/4 | €439,047 | €412,171 | -€26,876 | -6.1% |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €118,674 | €114,505 | -€4,169 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €26,086 | €35,230 | +€9,145 | +35.1% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €38,234 | €4,234 | -€34,000 | -88.9% |
| Suppliers | 440/4 | €38,234 | €4,234 | -€34,000 | -88.9% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €19,032 | €17,802 | -€1,230 | -6.5% |
| Taxes | 450/3 | €18,526 | €17,802 | -€724 | -3.9% |
| Remuneration and social security | 454/9 | €506 | €0 | -€506 | -100.0% |
| Other amounts payable | 47/48 | €35,323 | €57,239 | +€21,916 | +62.0% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,302 | €33,601 | +€5,299 | +18.7% |
| Other operating charges | 640/8 | €648 | €1,083 | +€435 | +67.2% |
| Gross operating margin | 9900 | €49,393 | €60,684 | +€11,291 | +22.9% |
| Operating profit (loss) | 9901 | €20,443 | €26,000 | +€5,557 | +27.2% |
| Financial charges | 65/66B | €16,028 | €18,464 | +€2,436 | +15.2% |
| Recurring financial charges | 65 | €16,028 | €18,464 | +€2,436 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €4,416 | €7,536 | +€3,121 | +70.7% |
| Income taxes | 67/77 | €607 | €1,466 | +€858 | +141.3% |
| Profit (loss) for the period | 9904 | €3,808 | €6,070 | +€2,262 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,808 | €6,070 | +€2,262 | +59.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.