RE-SOURCE: 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.
RE-SOURCE
Largest movements
- Cash -€49,044
down €49,044 (-35.9%), from €136,648 to €87,603
mainly Debts after one year (-€35,739) and Tax, wage and social debts (-€21,008)
- Tangible fixed assets -€11,326
down €11,326 (-7.0%), from €162,426 to €151,099
of which Land and buildings: -€10,186
- Debts after one year -€35,739
down €35,739 (-21.9%), from €162,938 to €127,200
- Tax, wage and social debts -€21,008
down €21,008 (-66.6%), from €31,530 to €10,523
of which Taxes: -€23,008
- Other debts -€4,891
down €4,891 (-26.4%), from €18,526 to €13,635
- Gross operating margin -€58,494
down €58,494 (-62.9%), from €93,010 to €34,516
- Taxes -€12,528
down €12,528 (-78.3%), from €15,990 to €3,462
- Depreciation -€10,287
down €10,287 (-32.1%), from €32,082 to €21,795
- Financial income +€1,380
up €1,380 (+212%), from €650 to €2,030
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.
Derived cash bridge
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 | €379,118 | €318,573 | -€60,545 | -16.0% |
| Fixed assets | 21/28 | €185,626 | €174,299 | -€11,326 | -6.1% |
| Tangible fixed assets | 22/27 | €162,426 | €151,099 | -€11,326 | -7.0% |
| Land and buildings | 22 | €136,099 | €125,913 | -€10,186 | -7.5% |
| Plant, machinery and equipment | 23 | €445 | €1,513 | +€1,068 | +240% |
| Furniture and vehicles | 24 | €2,133 | €0 | -€2,133 | -100% |
| Other tangible fixed assets | 26 | €23,749 | €23,674 | -€75 | -0.3% |
| Financial fixed assets | 28 | €23,200 | €23,200 | = | 0.0% |
| Current assets | 29/58 | €193,492 | €144,274 | -€49,218 | -25.4% |
| Amounts receivable within one year | 40/41 | €18,543 | €19,940 | +€1,396 | +7.5% |
| Trade receivables | 40 | €18,526 | €13,342 | -€5,184 | -28.0% |
| Other amounts receivable | 41 | €18 | €6,598 | +€6,580 | +37,538% |
| Current investments | 50/53 | €34,539 | €34,539 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €136,648 | €87,603 | -€49,044 | -35.9% |
| Deferred charges and accrued income | 490/1 | €3,762 | €2,191 | -€1,571 | -41.7% |
| Total equity and liabilities | 10/49 | €379,118 | €318,573 | -€60,545 | -16.0% |
| Equity | 10/15 | €119,793 | €121,997 | +€2,205 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,193 | €103,397 | +€2,205 | +2.2% |
| Distributable reserves | 133 | €101,193 | €103,397 | +€2,205 | +2.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €1,500 | €1,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,500 | €1,500 | = | 0.0% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable | 17/49 | €257,825 | €195,076 | -€62,749 | -24.3% |
| Amounts payable after more than one year | 17 | €162,938 | €127,200 | -€35,739 | -21.9% |
| Financial debts | 170/4 | €162,938 | €127,200 | -€35,739 | -21.9% |
| Amounts payable within one year | 42/48 | €92,749 | €67,876 | -€24,872 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €38,164 | €38,695 | +€531 | +1.4% |
| Trade debts | 44 | €4,528 | €5,024 | +€495 | +10.9% |
| Suppliers | 440/4 | €4,528 | €5,024 | +€495 | +10.9% |
| Taxes, remuneration and social security | 45 | €31,530 | €10,523 | -€21,008 | -66.6% |
| Taxes | 450/3 | €31,530 | €8,523 | -€23,008 | -73.0% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €18,526 | €13,635 | -€4,891 | -26.4% |
| Accrued charges and deferred income | 492/3 | €2,138 | €0 | -€2,138 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,082 | €21,795 | -€10,287 | -32.1% |
| Other operating charges | 640/8 | €3,222 | €3,952 | +€730 | +22.7% |
| Gross operating margin | 9900 | €93,010 | €34,516 | -€58,494 | -62.9% |
| Operating profit (loss) | 9901 | €57,706 | €8,768 | -€48,937 | -84.8% |
| Financial income | 75/76B | €650 | €2,030 | +€1,380 | +212% |
| Recurring financial income | 75 | €650 | €2,030 | +€1,380 | +212% |
| Financial charges | 65/66B | €4,056 | €3,466 | -€590 | -14.5% |
| Recurring financial charges | 65 | €4,056 | €3,466 | -€590 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €54,301 | €7,333 | -€46,968 | -86.5% |
| Income taxes | 67/77 | €15,990 | €3,462 | -€12,528 | -78.3% |
| Profit (loss) for the period | 9904 | €38,310 | €3,871 | -€34,440 | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,310 | €3,871 | -€34,440 | -89.9% |
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 20 October 2026 via checked.be.