S T: 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.
S T
Largest movements
- Receivables within one year -€194,617
down €194,617 (-61.6%), from €316,028 to €121,412
of which Trade receivables: -€194,617
- Cash +€21,918
new in 2024: €21,918
mainly Receivables within one year (+€194,617) and Tax, wage and social debts (+€81,116)
- Tangible fixed assets -€6,893
down €6,893 (-2.9%), from €239,485 to €232,593
of which Plant, machinery and equipment: -€8,313
- Trade debts -€273,366
down €273,366 (-96.8%), from €282,499 to €9,134
- Tax, wage and social debts +€81,116
up €81,116 (+324.0%), from €25,032 to €106,149
of which Taxes: +€53,510
- Debts after one year -€39,785
down €39,785 (-35.2%), from €113,036 to €73,251
- Profit (loss) carried forward +€33,549
up €33,549 (+46.2%), from €72,624 to €106,172
- Other debts +€28,761
up €28,761 (+282.8%), from €10,170 to €38,931
- Gross operating margin +€28,661
up €28,661 (+29.8%), from €96,046 to €124,707
- Depreciation +€19,225
up €19,225 (+35.8%), from €53,668 to €72,893
- Financial income +€10,630
up €10,630 (+39356.9%), from €27 to €10,657
- Taxes +€8,393
up €8,393 (+115.2%), from €7,288 to €15,681
- Financial charges +€2,396
up €2,396 (+29.0%), from €8,261 to €10,657
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 | €555,514 | €375,922 | -€179,591 | -32.3% |
| Fixed assets | 21/28 | €239,485 | €232,593 | -€6,893 | -2.9% |
| Tangible fixed assets | 22/27 | €239,485 | €232,593 | -€6,893 | -2.9% |
| Plant, machinery and equipment | 23 | €230,517 | €222,203 | -€8,313 | -3.6% |
| Furniture and vehicles | 24 | €8,969 | €10,389 | +€1,421 | +15.8% |
| Current assets | 29/58 | €316,028 | €143,330 | -€172,699 | -54.6% |
| Amounts receivable within one year | 40/41 | €316,028 | €121,412 | -€194,617 | -61.6% |
| Trade receivables | 40 | €316,028 | €121,412 | -€194,617 | -61.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | - | €21,918 | +€21,918 | |
| Total equity and liabilities | 10/49 | €555,514 | €375,922 | -€179,591 | -32.3% |
| Equity | 10/15 | €75,124 | €108,672 | +€33,549 | +44.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,624 | €106,172 | +€33,549 | +46.2% |
| Amounts payable | 17/49 | €480,390 | €267,250 | -€213,140 | -44.4% |
| Amounts payable after more than one year | 17 | €113,036 | €73,251 | -€39,785 | -35.2% |
| Financial debts | 170/4 | €113,036 | €73,251 | -€39,785 | -35.2% |
| Amounts payable within one year | 42/48 | €367,354 | €193,999 | -€173,355 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €30,474 | €31,081 | +€607 | +2.0% |
| Financial debts | 43 | €19,177 | €8,704 | -€10,473 | -54.6% |
| Credit institutions | 430/8 | €19,177 | €8,704 | -€10,473 | -54.6% |
| Trade debts | 44 | €282,499 | €9,134 | -€273,366 | -96.8% |
| Suppliers | 440/4 | €282,499 | €9,134 | -€273,366 | -96.8% |
| Taxes, remuneration and social security | 45 | €25,032 | €106,149 | +€81,116 | +324.0% |
| Taxes | 450/3 | €13,032 | €66,543 | +€53,510 | +410.6% |
| Remuneration and social security | 454/9 | €12,000 | €39,606 | +€27,606 | +230.0% |
| Other amounts payable | 47/48 | €10,170 | €38,931 | +€28,761 | +282.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,668 | €72,893 | +€19,225 | +35.8% |
| Other operating charges | 640/8 | €132 | €2,494 | +€2,363 | +1794.1% |
| Non-recurring operating charges | 66A | €582 | €90 | -€492 | -84.5% |
| Gross operating margin | 9900 | €96,046 | €124,707 | +€28,661 | +29.8% |
| Operating profit (loss) | 9901 | €41,664 | €49,230 | +€7,565 | +18.2% |
| Financial income | 75/76B | €27 | €10,657 | +€10,630 | +39356.9% |
| Recurring financial income | 75 | €27 | €10,657 | +€10,630 | +39356.9% |
| Financial charges | 65/66B | €8,261 | €10,657 | +€2,396 | +29.0% |
| Recurring financial charges | 65 | €8,261 | €10,657 | +€2,396 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €33,430 | €49,230 | +€15,799 | +47.3% |
| Income taxes | 67/77 | €7,288 | €15,681 | +€8,393 | +115.2% |
| Profit (loss) for the period | 9904 | €26,142 | €33,549 | +€7,407 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,142 | €33,549 | +€7,407 | +28.3% |
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 11 October 2026 via checked.be.