Said: 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.
Said
Largest movements
- Tangible fixed assets -€123,430
down €123,430 (-34.6%), from €357,195 to €233,765
of which Land and buildings: -€213,901
- Cash +€44,644
up €44,644 (+32.1%), from €138,995 to €183,639
mainly Investment in fixed assets (net) (+€71,996) and Depreciation (+€51,434)
- Receivables within one year +€25,086
up €25,086 (+45.5%), from €55,104 to €80,190
of which Other amounts receivable: +€27,215
- Stocks and contracts -€9,520
down €9,520 (-7.5%), from €126,332 to €116,812
- Debts after one year -€73,256
down €73,256 (-33.3%), from €219,815 to €146,558
- Trade debts +€29,238
up €29,238 (+38.6%), from €75,710 to €104,948
- Profit (loss) carried forward -€28,112
down €28,112 (-11.2%), from €251,156 to €223,043
- Current portion of long-term debt +€13,998
up €13,998 (+44.6%), from €31,395 to €45,392
- Purchases and services +€66,013
up €66,013 (+3.1%), from €2.1m to €2.2m
- Gross operating margin -€58,491
down €58,491 (-18.8%), from €310,321 to €251,830
- Financial income +€46,432
up €46,432 (+8172.4%), from €568 to €47,000
of which Non-recurring financial income: +€46,056
- Other operating charges +€33,432
up €33,432 (+401.4%), from €8,328 to €41,760
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 | €678,268 | €614,406 | -€63,863 | -9.4% |
| Fixed assets | 21/28 | €357,195 | €233,765 | -€123,430 | -34.6% |
| Tangible fixed assets | 22/27 | €357,195 | €233,765 | -€123,430 | -34.6% |
| Land and buildings | 22 | €213,901 | - | -€213,901 | |
| Plant, machinery and equipment | 23 | €117,521 | €91,650 | -€25,870 | -22.0% |
| Furniture and vehicles | 24 | €25,774 | €142,115 | +€116,341 | +451.4% |
| Current assets | 29/58 | €321,073 | €380,640 | +€59,567 | +18.6% |
| Stocks and contracts in progress | 3 | €126,332 | €116,812 | -€9,520 | -7.5% |
| Stocks | 30/36 | €126,332 | €116,812 | -€9,520 | -7.5% |
| Amounts receivable within one year | 40/41 | €55,104 | €80,190 | +€25,086 | +45.5% |
| Trade receivables | 40 | €2,129 | - | -€2,129 | |
| Other amounts receivable | 41 | €52,974 | €80,190 | +€27,215 | +51.4% |
| Cash at bank and in hand | 54/58 | €138,995 | €183,639 | +€44,644 | +32.1% |
| Deferred charges and accrued income | 490/1 | €642 | - | -€642 | |
| Total equity and liabilities | 10/49 | €678,268 | €614,406 | -€63,863 | -9.4% |
| Equity | 10/15 | €311,616 | €283,503 | -€28,112 | -9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,860 | €41,860 | = | 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% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €251,156 | €223,043 | -€28,112 | -11.2% |
| Amounts payable | 17/49 | €366,652 | €330,902 | -€35,750 | -9.8% |
| Amounts payable after more than one year | 17 | €219,815 | €146,558 | -€73,256 | -33.3% |
| Financial debts | 170/4 | €219,815 | €146,558 | -€73,256 | -33.3% |
| Amounts payable within one year | 42/48 | €146,838 | €184,344 | +€37,506 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €31,395 | €45,392 | +€13,998 | +44.6% |
| Financial debts | 43 | €837 | - | -€837 | |
| Credit institutions | 430/8 | €837 | - | -€837 | |
| Trade debts | 44 | €75,710 | €104,948 | +€29,238 | +38.6% |
| Suppliers | 440/4 | €75,710 | €104,948 | +€29,238 | +38.6% |
| Taxes, remuneration and social security | 45 | €38,896 | €34,003 | -€4,893 | -12.6% |
| Taxes | 450/3 | €20,125 | €8,094 | -€12,031 | -59.8% |
| Remuneration and social security | 454/9 | €18,771 | €25,909 | +€7,138 | +38.0% |
| Turnover | 70 | €2,453,572 | €2,461,095 | +€7,522 | +0.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,143,252 | €2,209,265 | +€66,013 | +3.1% |
| Remuneration, social security and pensions | 62 | €152,147 | €162,423 | +€10,276 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,971 | €51,434 | +€13,462 | +35.5% |
| Other operating charges | 640/8 | €8,328 | €41,760 | +€33,432 | +401.4% |
| Non-recurring operating charges | 66A | - | €10,604 | +€10,604 | |
| Gross operating margin | 9900 | €310,321 | €251,830 | -€58,491 | -18.8% |
| Operating profit (loss) | 9901 | €111,874 | -€14,390 | -€126,264 | |
| Financial income | 75/76B | €568 | €47,000 | +€46,432 | +8172.4% |
| Recurring financial income | 75 | €521 | €898 | +€377 | +72.2% |
| Non-recurring financial income | 76B | €47 | €46,102 | +€46,056 | +98409.3% |
| Financial charges | 65/66B | €18,283 | €24,586 | +€6,303 | +34.5% |
| Recurring financial charges | 65 | €18,283 | €10,622 | -€7,661 | -41.9% |
| Non-recurring financial charges | 66B | - | €13,964 | +€13,964 | |
| Profit (loss) for the period before taxes | 9903 | €94,160 | €8,025 | -€86,135 | -91.5% |
| Income taxes | 67/77 | €28,941 | €36,137 | +€7,196 | +24.9% |
| Profit (loss) for the period | 9904 | €65,219 | -€28,112 | -€93,331 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,219 | -€28,112 | -€93,331 |
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.