RG LOCATION: 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.
RG LOCATION
Largest movements
- Tangible fixed assets +€151,848
up €151,848 (+350.6%), from €43,307 to €195,154
of which Plant, machinery and equipment: +€113,360
- Cash +€41,036
up €41,036 (+314.0%), from €13,068 to €54,104
mainly Debts after one year (+€111,658) and Net result for the year (+€61,671)
- Receivables within one year -€16,782
down €16,782 (-9.6%), from €174,341 to €157,559
of which Trade receivables: -€17,262
- Debts after one year +€111,658
new in 2024: €111,658
- Profit (loss) carried forward +€61,671
up €61,671 (+55.4%), from €111,287 to €172,958
- Trade debts -€34,828
down €34,828 (-54.4%), from €63,998 to €29,170
- Current portion of long-term debt +€17,686
new in 2024: €17,686
- Tax, wage and social debts +€10,073
up €10,073 (+18.9%), from €53,273 to €63,346
of which Taxes: +€13,386
- Depreciation +€27,547
up €27,547 (+1170.8%), from €2,353 to €29,900
- Gross operating margin -€26,389
down €26,389 (-12.7%), from €208,572 to €182,183
- Taxes -€20,377
down €20,377 (-56.8%), from €35,877 to €15,500
- Staff costs +€12,626
up €12,626 (+21.8%), from €58,040 to €70,666
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 | €231,557 | €406,818 | +€175,260 | +75.7% |
| Fixed assets | 21/28 | €43,307 | €195,154 | +€151,848 | +350.6% |
| Tangible fixed assets | 22/27 | €43,307 | €195,154 | +€151,848 | +350.6% |
| Plant, machinery and equipment | 23 | €43,307 | €156,667 | +€113,360 | +261.8% |
| Furniture and vehicles | 24 | - | €38,488 | +€38,488 | |
| Current assets | 29/58 | €188,251 | €211,663 | +€23,413 | +12.4% |
| Amounts receivable within one year | 40/41 | €174,341 | €157,559 | -€16,782 | -9.6% |
| Trade receivables | 40 | €174,251 | €156,990 | -€17,262 | -9.9% |
| Other amounts receivable | 41 | €90 | €570 | +€480 | +533.1% |
| Cash at bank and in hand | 54/58 | €13,068 | €54,104 | +€41,036 | +314.0% |
| Deferred charges and accrued income | 490/1 | €841 | - | -€841 | |
| Total equity and liabilities | 10/49 | €231,557 | €406,818 | +€175,260 | +75.7% |
| Equity | 10/15 | €114,287 | €175,958 | +€61,671 | +54.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,287 | €172,958 | +€61,671 | +55.4% |
| Amounts payable | 17/49 | €117,271 | €230,859 | +€113,589 | +96.9% |
| Amounts payable after more than one year | 17 | - | €111,658 | +€111,658 | |
| Financial debts | 170/4 | - | €111,658 | +€111,658 | |
| Amounts payable within one year | 42/48 | €117,271 | €119,202 | +€1,931 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | - | €17,686 | +€17,686 | |
| Trade debts | 44 | €63,998 | €29,170 | -€34,828 | -54.4% |
| Suppliers | 440/4 | €63,998 | €29,170 | -€34,828 | -54.4% |
| Taxes, remuneration and social security | 45 | €53,273 | €63,346 | +€10,073 | +18.9% |
| Taxes | 450/3 | €47,897 | €61,283 | +€13,386 | +27.9% |
| Remuneration and social security | 454/9 | €5,376 | €2,062 | -€3,313 | -61.6% |
| Other amounts payable | 47/48 | - | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €58,040 | €70,666 | +€12,626 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,353 | €29,900 | +€27,547 | +1170.8% |
| Other operating charges | 640/8 | - | €1,599 | +€1,599 | |
| Gross operating margin | 9900 | €208,572 | €182,183 | -€26,389 | -12.7% |
| Operating profit (loss) | 9901 | €148,179 | €80,018 | -€68,161 | -46.0% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,015 | €2,847 | +€1,832 | +180.4% |
| Recurring financial charges | 65 | €1,015 | €2,847 | +€1,832 | +180.4% |
| Profit (loss) for the period before taxes | 9903 | €147,164 | €77,171 | -€69,993 | -47.6% |
| Income taxes | 67/77 | €35,877 | €15,500 | -€20,377 | -56.8% |
| Profit (loss) for the period | 9904 | €111,287 | €61,671 | -€49,616 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,287 | €61,671 | -€49,616 | -44.6% |
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 2 October 2026 via checked.be.