SALIMA THAKKER: 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.
SALIMA THAKKER
Largest movements
- Stocks and contracts +€88,733
up €88,733 (+24.0%), from €369,453 to €458,185
- Cash +€60,044
up €60,044 (+82.3%), from €72,991 to €133,035
mainly Debts after one year (+€150,000) and Advances received (+€34,200)
- Deferred charges and accrued income +€50,796
up €50,796 (+611%), from €8,315 to €59,111
- Receivables within one year +€8,719
up €8,719 (+31.8%), from €27,453 to €36,172
of which Other amounts receivable: +€10,765
- Debts after one year +€150,000
up €150,000 (+96.8%), from €155,000 to €305,000
- Advances received +€34,200
up €34,200 (+133%), from €25,809 to €60,009
- Short-term financial debts +€25,000
up €25,000 (+20.0%), from €125,000 to €150,000
- Trade debts -€20,222
down €20,222 (-50.0%), from €40,431 to €20,210
- Reserves +€14,457
up €14,457 (+11.7%), from €123,673 to €138,130
- Gross operating margin +€23,230
up €23,230 (+27.2%), from €85,357 to €108,588
- Write-downs +€13,103
up €13,103 (+131%), from €10,000 to €23,103
- Financial charges +€7,726
up €7,726 (+69.1%), from €11,176 to €18,902
- Staff costs -€4,997
down €4,997 (-21.3%), from €23,472 to €18,475
- Depreciation +€4,070
up €4,070 (+18.8%), from €21,631 to €25,701
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.
Derived cash bridge
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 | €578,458 | €785,049 | +€206,591 | +35.7% |
| Fixed assets | 21/28 | €100,247 | €98,546 | -€1,701 | -1.7% |
| Tangible fixed assets | 22/27 | €85,024 | €83,323 | -€1,701 | -2.0% |
| Furniture and vehicles | 24 | €85,024 | €83,323 | -€1,701 | -2.0% |
| Financial fixed assets | 28 | €15,223 | €15,223 | = | 0.0% |
| Current assets | 29/58 | €478,211 | €686,503 | +€208,292 | +43.6% |
| Stocks and contracts in progress | 3 | €369,453 | €458,185 | +€88,733 | +24.0% |
| Stocks | 30/36 | €369,453 | €458,185 | +€88,733 | +24.0% |
| Amounts receivable within one year | 40/41 | €27,453 | €36,172 | +€8,719 | +31.8% |
| Trade receivables | 40 | €26,546 | €24,500 | -€2,046 | -7.7% |
| Other amounts receivable | 41 | €907 | €11,672 | +€10,765 | +1,187% |
| Cash at bank and in hand | 54/58 | €72,991 | €133,035 | +€60,044 | +82.3% |
| Deferred charges and accrued income | 490/1 | €8,315 | €59,111 | +€50,796 | +611% |
| Total equity and liabilities | 10/49 | €578,458 | €785,049 | +€206,591 | +35.7% |
| Equity | 10/15 | €142,673 | €157,130 | +€14,457 | +10.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €123,673 | €138,130 | +€14,457 | +11.7% |
| Distributable reserves | 133 | €123,673 | €138,130 | +€14,457 | +11.7% |
| Provisions and deferred taxes | 16 | €17,500 | €17,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €17,500 | €17,500 | = | 0.0% |
| Environmental obligations | 163 | €17,500 | €17,500 | = | 0.0% |
| Amounts payable | 17/49 | €418,285 | €610,419 | +€192,134 | +45.9% |
| Amounts payable after more than one year | 17 | €155,000 | €305,000 | +€150,000 | +96.8% |
| Financial debts | 170/4 | €155,000 | €305,000 | +€150,000 | +96.8% |
| Amounts payable within one year | 42/48 | €263,285 | €299,155 | +€35,870 | +13.6% |
| Financial debts | 43 | €125,000 | €150,000 | +€25,000 | +20.0% |
| Credit institutions | 430/8 | €125,000 | €150,000 | +€25,000 | +20.0% |
| Trade debts | 44 | €40,431 | €20,210 | -€20,222 | -50.0% |
| Suppliers | 440/4 | €40,431 | €20,210 | -€20,222 | -50.0% |
| Advances received on contracts in progress | 46 | €25,809 | €60,009 | +€34,200 | +133% |
| Taxes, remuneration and social security | 45 | €29,832 | €40,537 | +€10,705 | +35.9% |
| Taxes | 450/3 | €27,100 | €35,917 | +€8,817 | +32.5% |
| Remuneration and social security | 454/9 | €2,732 | €4,620 | +€1,888 | +69.1% |
| Other amounts payable | 47/48 | €42,212 | €28,399 | -€13,813 | -32.7% |
| Accrued charges and deferred income | 492/3 | - | €6,264 | +€6,264 | |
| Remuneration, social security and pensions | 62 | €23,472 | €18,475 | -€4,997 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,631 | €25,701 | +€4,070 | +18.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,000 | €23,103 | +€13,103 | +131% |
| Other operating charges | 640/8 | €2,967 | €5,484 | +€2,517 | +84.8% |
| Gross operating margin | 9900 | €85,357 | €108,588 | +€23,230 | +27.2% |
| Operating profit (loss) | 9901 | €27,287 | €35,825 | +€8,539 | +31.3% |
| Financial income | 75/76B | €461 | €2,357 | +€1,896 | +411% |
| Recurring financial income | 75 | €461 | €2,357 | +€1,896 | +411% |
| Financial charges | 65/66B | €11,176 | €18,902 | +€7,726 | +69.1% |
| Recurring financial charges | 65 | €11,176 | €18,902 | +€7,726 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | €16,572 | €19,281 | +€2,708 | +16.3% |
| Income taxes | 67/77 | €4,337 | €4,823 | +€487 | +11.2% |
| Profit (loss) for the period | 9904 | €12,236 | €14,457 | +€2,222 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,236 | €14,457 | +€2,222 | +18.2% |
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 22 October 2026 via checked.be.