S TRANS: 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.
S TRANS
Largest movements
- Cash +€358,579
up €358,579 (+250.8%), from €142,952 to €501,531
mainly Trade debts (+€236,378) and Net result for the year (+€177,349)
- Receivables within one year +€100,657
up €100,657 (+33.1%), from €304,435 to €405,093
of which Trade receivables: +€100,657
- Tangible fixed assets -€22,912
down €22,912 (-12.6%), from €181,839 to €158,927
- Trade debts +€236,378
up €236,378 (+204.2%), from €115,774 to €352,152
- Profit (loss) carried forward +€81,349
up €81,349 (+24.6%), from €330,981 to €412,330
- Tax, wage and social debts +€77,623
up €77,623 (+60.3%), from €128,750 to €206,373
of which Remuneration and social security: +€45,510
- Other debts +€62,333
up €62,333 (+959.7%), from €6,495 to €68,828
- Debts after one year -€16,196
down €16,196 (-79.6%), from €20,342 to €4,146
- Gross operating margin +€540,426
up €540,426 (+76.3%), from €708,697 to €1.2m
- Staff costs +€474,865
up €474,865 (+168.8%), from €281,323 to €756,188
- Other operating charges +€89,212
up €89,212 (+135.4%), from €65,875 to €155,087
- Depreciation +€18,267
up €18,267 (+22.3%), from €82,095 to €100,362
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 | €643,250 | €1,087,539 | +€444,289 | +69.1% |
| Fixed assets | 21/28 | €190,164 | €176,252 | -€13,912 | -7.3% |
| Tangible fixed assets | 22/27 | €181,839 | €158,927 | -€22,912 | -12.6% |
| Furniture and vehicles | 24 | €181,839 | €158,927 | -€22,912 | -12.6% |
| Financial fixed assets | 28 | €8,325 | €17,325 | +€9,000 | +108.1% |
| Current assets | 29/58 | €453,086 | €911,287 | +€458,201 | +101.1% |
| Amounts receivable within one year | 40/41 | €304,435 | €405,093 | +€100,657 | +33.1% |
| Trade receivables | 40 | €300,325 | €400,982 | +€100,657 | +33.5% |
| Other amounts receivable | 41 | €4,110 | €4,110 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €142,952 | €501,531 | +€358,579 | +250.8% |
| Deferred charges and accrued income | 490/1 | €5,699 | €4,664 | -€1,035 | -18.2% |
| Total equity and liabilities | 10/49 | €643,250 | €1,087,539 | +€444,289 | +69.1% |
| Equity | 10/15 | €351,441 | €432,790 | +€81,349 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €330,981 | €412,330 | +€81,349 | +24.6% |
| Amounts payable | 17/49 | €291,809 | €654,749 | +€362,940 | +124.4% |
| Amounts payable after more than one year | 17 | €20,342 | €4,146 | -€16,196 | -79.6% |
| Financial debts | 170/4 | €20,342 | €4,146 | -€16,196 | -79.6% |
| Amounts payable within one year | 42/48 | €271,467 | €650,603 | +€379,136 | +139.7% |
| Current portion of amounts payable after more than one year | 42 | €20,447 | €23,250 | +€2,803 | +13.7% |
| Trade debts | 44 | €115,774 | €352,152 | +€236,378 | +204.2% |
| Suppliers | 440/4 | €115,774 | €352,152 | +€236,378 | +204.2% |
| Taxes, remuneration and social security | 45 | €128,750 | €206,373 | +€77,623 | +60.3% |
| Taxes | 450/3 | €102,838 | €134,951 | +€32,113 | +31.2% |
| Remuneration and social security | 454/9 | €25,911 | €71,422 | +€45,510 | +175.6% |
| Other amounts payable | 47/48 | €6,495 | €68,828 | +€62,333 | +959.7% |
| Remuneration, social security and pensions | 62 | €281,323 | €756,188 | +€474,865 | +168.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,095 | €100,362 | +€18,267 | +22.3% |
| Other operating charges | 640/8 | €65,875 | €155,087 | +€89,212 | +135.4% |
| Gross operating margin | 9900 | €708,697 | €1,249,122 | +€540,426 | +76.3% |
| Operating profit (loss) | 9901 | €279,404 | €237,486 | -€41,918 | -15.0% |
| Financial charges | 65/66B | €4,121 | €1,644 | -€2,477 | -60.1% |
| Recurring financial charges | 65 | €4,121 | €1,644 | -€2,477 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €275,283 | €235,841 | -€39,441 | -14.3% |
| Income taxes | 67/77 | €69,662 | €58,492 | -€11,170 | -16.0% |
| Profit (loss) for the period | 9904 | €205,621 | €177,349 | -€28,271 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €205,621 | €177,349 | -€28,271 | -13.7% |
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 7 October 2026 via checked.be.