RESTOMAX: 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.
RESTOMAX
Largest movements
- Receivables within one year -€398,959
down €398,959 (-37.5%), from €1.1m to €665,787
of which Other amounts receivable: -€342,198
- Financial fixed assets -€337,372
down €337,372 (-63.1%), from €534,675 to €197,303
- Intangible fixed assets +€254,301
up €254,301 (+95.7%), from €265,784 to €520,085
- Deferred charges and accrued income -€215,379
no longer reported in 2024 (was €215,379)
- Cash +€92,997
up €92,997 (+37.3%), from €249,186 to €342,183
mainly Debts after one year (+€848,836) and Depreciation (+€424,276)
- Profit (loss) carried forward -€1.4m
down €1.4m, from €999,149 to -€430,833
- Debts after one year +€848,836
up €848,836 (+104.0%), from €816,343 to €1.7m
- Accrued charges and deferred income -€368,346
down €368,346 (-77.9%), from €472,608 to €104,262
- Current portion of long-term debt +€169,387
up €169,387 (+207.8%), from €81,527 to €250,914
- Trade debts +€139,096
up €139,096 (+23.0%), from €604,182 to €743,277
- Staff costs +€986,934
up €986,934 (+86.3%), from €1.1m to €2.1m
- Gross operating margin -€402,856
down €402,856 (-23.7%), from €1.7m to €1.3m
- Depreciation +€108,139
up €108,139 (+34.2%), from €316,137 to €424,276
- Taxes -€66,453
down €66,453 (-91.3%), from €72,815 to €6,363
- Financial charges +€63,221
up €63,221 (+275.8%), from €22,919 to €86,141
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,674,571 | €3,066,328 | -€608,243 | -16.6% |
| Fixed assets | 21/28 | €1,691,689 | €1,592,707 | -€98,981 | -5.9% |
| Intangible fixed assets | 21 | €265,784 | €520,085 | +€254,301 | +95.7% |
| Tangible fixed assets | 22/27 | €891,230 | €875,319 | -€15,910 | -1.8% |
| Land and buildings | 22 | €863,480 | €833,947 | -€29,533 | -3.4% |
| Plant, machinery and equipment | 23 | €1,786 | €5,628 | +€3,842 | +215.1% |
| Furniture and vehicles | 24 | €25,963 | €35,744 | +€9,781 | +37.7% |
| Financial fixed assets | 28 | €534,675 | €197,303 | -€337,372 | -63.1% |
| Current assets | 29/58 | €1,982,883 | €1,473,621 | -€509,262 | -25.7% |
| Stocks and contracts in progress | 3 | €453,572 | €465,651 | +€12,079 | +2.7% |
| Stocks | 30/36 | €453,572 | €465,651 | +€12,079 | +2.7% |
| Amounts receivable within one year | 40/41 | €1,064,746 | €665,787 | -€398,959 | -37.5% |
| Trade receivables | 40 | €697,945 | €641,183 | -€56,761 | -8.1% |
| Other amounts receivable | 41 | €366,801 | €24,603 | -€342,198 | -93.3% |
| Cash at bank and in hand | 54/58 | €249,186 | €342,183 | +€92,997 | +37.3% |
| Deferred charges and accrued income | 490/1 | €215,379 | - | -€215,379 | |
| Total equity and liabilities | 10/49 | €3,674,571 | €3,066,328 | -€608,243 | -16.6% |
| Equity | 10/15 | €1,244,579 | -€202,277 | -€1.4m | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €24,359 | €24,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,359 | €24,359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,359 | €24,359 | = | 0.0% |
| Profit (loss) carried forward | 14 | €999,149 | -€430,833 | -€1.4m | |
| Investment grants | 15 | €202,478 | €185,605 | -€16,873 | -8.3% |
| Amounts payable | 17/49 | €2,429,992 | €3,268,604 | +€838,612 | +34.5% |
| Amounts payable after more than one year | 17 | €816,343 | €1,665,179 | +€848,836 | +104.0% |
| Financial debts | 170/4 | €816,343 | €1,665,179 | +€848,836 | +104.0% |
| Amounts payable within one year | 42/48 | €1,141,041 | €1,499,164 | +€358,123 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €81,527 | €250,914 | +€169,387 | +207.8% |
| Financial debts | 43 | €119,993 | €171,453 | +€51,460 | +42.9% |
| Other loans | 439 | €119,993 | €171,453 | +€51,460 | +42.9% |
| Trade debts | 44 | €604,182 | €743,277 | +€139,096 | +23.0% |
| Suppliers | 440/4 | €604,182 | €743,277 | +€139,096 | +23.0% |
| Taxes, remuneration and social security | 45 | €335,278 | €333,519 | -€1,760 | -0.5% |
| Taxes | 450/3 | €52,709 | €45,592 | -€7,116 | -13.5% |
| Remuneration and social security | 454/9 | €282,570 | €287,926 | +€5,357 | +1.9% |
| Other amounts payable | 47/48 | €61 | - | -€61 | |
| Accrued charges and deferred income | 492/3 | €472,608 | €104,262 | -€368,346 | -77.9% |
| Remuneration, social security and pensions | 62 | €1,143,642 | €2,130,576 | +€986,934 | +86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316,137 | €424,276 | +€108,139 | +34.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,665 | €45,314 | +€41,650 | +1136.6% |
| Other operating charges | 640/8 | €37,993 | €48,679 | +€10,686 | +28.1% |
| Non-recurring operating charges | 66A | - | €71 | +€71 | |
| Gross operating margin | 9900 | €1,696,306 | €1,293,450 | -€402,856 | -23.7% |
| Operating profit (loss) | 9901 | €194,870 | -€1,355,466 | -€1.6m | |
| Financial income | 75/76B | €19,357 | €17,987 | -€1,370 | -7.1% |
| Recurring financial income | 75 | €19,357 | €17,987 | -€1,370 | -7.1% |
| Financial charges | 65/66B | €22,919 | €86,141 | +€63,221 | +275.8% |
| Recurring financial charges | 65 | €22,919 | €86,141 | +€63,221 | +275.8% |
| Profit (loss) for the period before taxes | 9903 | €191,308 | -€1,423,620 | -€1.6m | |
| Income taxes | 67/77 | €72,815 | €6,363 | -€66,453 | -91.3% |
| Profit (loss) for the period | 9904 | €118,493 | -€1,429,982 | -€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €118,493 | -€1,429,982 | -€1.5m |
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 3 October 2026 via checked.be.