RED POD: 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.
RED POD
Largest movements
- Tangible fixed assets -€23,271
down €23,271 (-15.0%), from €155,443 to €132,172
of which Land and buildings: -€12,393
- Deferred charges and accrued income +€3,596
up €3,596 (+13.0%), from €27,734 to €31,330
- Debts after one year -€25,676
down €25,676 (-95.0%), from €27,017 to €1,341
- Other debts +€15,048
up €15,048 (+27.1%), from €55,500 to €70,548
- Current portion of long-term debt -€7,574
down €7,574 (-23.4%), from €32,316 to €24,742
- Trade debts -€6,019
down €6,019 (-46.0%), from €13,083 to €7,064
- Accrued charges and deferred income +€2,996
new in 2024: €2,996
- Gross operating margin +€44,730
up €44,730, from -€17,994 to €26,736
- Other operating charges -€4,745
down €4,745 (-73.2%), from €6,481 to €1,736
- Financial charges -€2,731
down €2,731 (-87.4%), from €3,125 to €394
- Financial income +€849
new in 2024: €849
of which Non-recurring financial income: +€822
- Taxes +€823
no longer reported in 2024 (was -€823)
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 | €194,381 | €175,338 | -€19,043 | -9.8% |
| Fixed assets | 21/28 | €155,443 | €132,172 | -€23,271 | -15.0% |
| Tangible fixed assets | 22/27 | €155,443 | €132,172 | -€23,271 | -15.0% |
| Land and buildings | 22 | €121,573 | €109,180 | -€12,393 | -10.2% |
| Furniture and vehicles | 24 | €33,870 | €22,992 | -€10,878 | -32.1% |
| Current assets | 29/58 | €38,938 | €43,166 | +€4,228 | +10.9% |
| Stocks and contracts in progress | 3 | €7,800 | €7,800 | = | 0.0% |
| Stocks | 30/36 | €7,800 | €7,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,130 | €2,775 | -€355 | -11.3% |
| Trade receivables | 40 | €902 | €2,775 | +€1,873 | +207.6% |
| Other amounts receivable | 41 | €2,228 | - | -€2,228 | |
| Cash at bank and in hand | 54/58 | €274 | €1,261 | +€987 | +360.2% |
| Deferred charges and accrued income | 490/1 | €27,734 | €31,330 | +€3,596 | +13.0% |
| Total equity and liabilities | 10/49 | €194,381 | €175,338 | -€19,043 | -9.8% |
| Equity | 10/15 | €66,465 | €68,647 | +€2,182 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,113 | €107,113 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,939 | €3,939 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,939 | €3,939 | = | 0.0% |
| Distributable reserves | 133 | €103,174 | €103,174 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,248 | -€57,066 | +€2,182 | +3.7% |
| Amounts payable | 17/49 | €127,916 | €106,691 | -€21,225 | -16.6% |
| Amounts payable after more than one year | 17 | €27,017 | €1,341 | -€25,676 | -95.0% |
| Financial debts | 170/4 | €27,017 | €1,341 | -€25,676 | -95.0% |
| Amounts payable within one year | 42/48 | €100,899 | €102,354 | +€1,455 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €32,316 | €24,742 | -€7,574 | -23.4% |
| Trade debts | 44 | €13,083 | €7,064 | -€6,019 | -46.0% |
| Suppliers | 440/4 | €13,083 | €7,064 | -€6,019 | -46.0% |
| Other amounts payable | 47/48 | €55,500 | €70,548 | +€15,048 | +27.1% |
| Accrued charges and deferred income | 492/3 | - | €2,996 | +€2,996 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,387 | €23,273 | -€114 | -0.5% |
| Other operating charges | 640/8 | €6,481 | €1,736 | -€4,745 | -73.2% |
| Gross operating margin | 9900 | -€17,994 | €26,736 | +€44,730 | |
| Operating profit (loss) | 9901 | -€47,862 | €1,727 | +€49,589 | |
| Financial income | 75/76B | - | €849 | +€849 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Non-recurring financial income | 76B | - | €822 | +€822 | |
| Financial charges | 65/66B | €3,125 | €394 | -€2,731 | -87.4% |
| Recurring financial charges | 65 | €3,125 | €394 | -€2,731 | -87.4% |
| Profit (loss) for the period before taxes | 9903 | -€50,987 | €2,182 | +€53,169 | |
| Income taxes | 67/77 | -€823 | - | +€823 | |
| Profit (loss) for the period | 9904 | -€50,164 | €2,182 | +€52,346 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,164 | €2,182 | +€52,346 |
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 9 October 2026 via checked.be.