RESPONS: 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.
RESPONS
Largest movements
- Receivables within one year +€258,129
up €258,129 (+20.6%), from €1.3m to €1.5m
of which Other amounts receivable: +€227,309
- Deferred charges and accrued income -€76,857
down €76,857 (-87.4%), from €87,892 to €11,035
- Intangible fixed assets -€33,745
down €33,745 (-100.0%), from €33,745 to €0
- Tangible fixed assets -€22,745
down €22,745 (-17.4%), from €130,615 to €107,869
of which Furniture and vehicles: -€21,914
- Other debts +€157,295
up €157,295 (+296.5%), from €53,048 to €210,343
- Tax, wage and social debts -€79,091
down €79,091 (-14.4%), from €550,183 to €471,093
of which Taxes: -€100,424
- Trade debts +€64,042
up €64,042 (+126.6%), from €50,579 to €114,621
- Reserves +€57,993
up €57,993 (+17.5%), from €330,592 to €388,585
of which Distributable reserves: +€57,993
- Debts after one year -€48,267
down €48,267 (-80.7%), from €59,822 to €11,555
- Write-downs -€59,273
down €59,273, from €43,309 to -€15,964
- Gross operating margin +€41,899
up €41,899 (+4.6%), from €911,339 to €953,239
- Taxes +€41,568
up €41,568 (+169.1%), from €24,575 to €66,143
- Financial income +€22,321
up €22,321 (+167.8%), from €13,305 to €35,626
- Other operating charges -€13,437
down €13,437 (-28.2%), from €47,678 to €34,241
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 | €1,544,190 | €1,667,571 | +€123,382 | +8.0% |
| Fixed assets | 21/28 | €164,360 | €107,869 | -€56,490 | -34.4% |
| Intangible fixed assets | 21 | €33,745 | €0 | -€33,745 | -100.0% |
| Tangible fixed assets | 22/27 | €130,615 | €107,869 | -€22,745 | -17.4% |
| Plant, machinery and equipment | 23 | €1,154 | €693 | -€461 | -39.9% |
| Furniture and vehicles | 24 | €123,400 | €101,487 | -€21,914 | -17.8% |
| Other tangible fixed assets | 26 | €6,060 | €5,690 | -€371 | -6.1% |
| Current assets | 29/58 | €1,379,830 | €1,559,702 | +€179,872 | +13.0% |
| Amounts receivable within one year | 40/41 | €1,253,407 | €1,511,535 | +€258,129 | +20.6% |
| Trade receivables | 40 | €628,804 | €659,624 | +€30,820 | +4.9% |
| Other amounts receivable | 41 | €624,602 | €851,911 | +€227,309 | +36.4% |
| Cash at bank and in hand | 54/58 | €38,532 | €37,132 | -€1,400 | -3.6% |
| Deferred charges and accrued income | 490/1 | €87,892 | €11,035 | -€76,857 | -87.4% |
| Total equity and liabilities | 10/49 | €1,544,190 | €1,667,571 | +€123,382 | +8.0% |
| Equity | 10/15 | €392,592 | €450,585 | +€57,993 | +14.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €330,592 | €388,585 | +€57,993 | +17.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €268,142 | €326,135 | +€57,993 | +21.6% |
| Amounts payable | 17/49 | €1,151,598 | €1,216,986 | +€65,388 | +5.7% |
| Amounts payable after more than one year | 17 | €59,822 | €11,555 | -€48,267 | -80.7% |
| Financial debts | 170/4 | €59,822 | €11,555 | -€48,267 | -80.7% |
| Amounts payable within one year | 42/48 | €1,090,289 | €1,201,870 | +€111,581 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €136,480 | €105,814 | -€30,666 | -22.5% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €50,579 | €114,621 | +€64,042 | +126.6% |
| Suppliers | 440/4 | €50,579 | €114,621 | +€64,042 | +126.6% |
| Taxes, remuneration and social security | 45 | €550,183 | €471,093 | -€79,091 | -14.4% |
| Taxes | 450/3 | €374,313 | €273,889 | -€100,424 | -26.8% |
| Remuneration and social security | 454/9 | €175,871 | €197,204 | +€21,333 | +12.1% |
| Other amounts payable | 47/48 | €53,048 | €210,343 | +€157,295 | +296.5% |
| Accrued charges and deferred income | 492/3 | €1,487 | €3,561 | +€2,074 | +139.5% |
| Non-recurring operating income | 76A | €5,907 | - | -€5,907 | |
| Remuneration, social security and pensions | 62 | €645,871 | €637,564 | -€8,306 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,729 | €56,913 | -€815 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,309 | -€15,964 | -€59,273 | |
| Other operating charges | 640/8 | €47,678 | €34,241 | -€13,437 | -28.2% |
| Non-recurring operating charges | 66A | - | €4,117 | +€4,117 | |
| Gross operating margin | 9900 | €911,339 | €953,239 | +€41,899 | +4.6% |
| Operating profit (loss) | 9901 | €116,753 | €236,367 | +€119,615 | +102.5% |
| Financial income | 75/76B | €13,305 | €35,626 | +€22,321 | +167.8% |
| Recurring financial income | 75 | €13,305 | €35,626 | +€22,321 | +167.8% |
| Financial charges | 65/66B | €52,431 | €47,856 | -€4,575 | -8.7% |
| Recurring financial charges | 65 | €52,431 | €47,856 | -€4,575 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €77,626 | €224,136 | +€146,510 | +188.7% |
| Income taxes | 67/77 | €24,575 | €66,143 | +€41,568 | +169.1% |
| Profit (loss) for the period | 9904 | €53,051 | €157,993 | +€104,942 | +197.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,051 | €157,993 | +€104,942 | +197.8% |
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 5 October 2026 via checked.be.