Sara Ben Othmen: 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.
Sara Ben Othmen
Largest movements
- Receivables after one year +€60,000
up €60,000 (+70.6%), from €85,000 to €145,000
- Receivables within one year -€40,253
down €40,253 (-93.2%), from €43,204 to €2,951
of which Trade receivables: -€40,157
- Tangible fixed assets -€21,223
down €21,223 (-58.9%), from €36,023 to €14,800
of which Furniture and vehicles: -€25,309
- Intangible fixed assets +€8,163
new in 2024: €8,163
- Cash +€2,685
up €2,685 (+55.7%), from €4,823 to €7,508
mainly Receivables within one year (+€40,253) and Depreciation (+€16,342)
- Reserves +€11,257
up €11,257 (+15.5%), from €72,824 to €84,081
- Debts after one year -€10,833
down €10,833 (-41.9%), from €25,833 to €15,000
- Tax, wage and social debts -€8,127
down €8,127 (-15.5%), from €52,578 to €44,451
- Other debts +€7,018
up €7,018 (+244%), from €2,877 to €9,895
- Advances received +€5,434
new in 2024: €5,434
- Gross operating margin -€89,118
down €89,118 (-68.0%), from €130,984 to €41,867
- Taxes -€18,958
down €18,958 (-70.9%), from €26,747 to €7,790
- Depreciation -€11,006
down €11,006 (-40.2%), from €27,348 to €16,342
- Other operating charges -€3,609
down €3,609 (-62.2%), from €5,799 to €2,190
- Financial income +€2,566
up €2,566 (+64.8%), from €3,962 to €6,528
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 | €170,513 | €178,422 | +€7,909 | +4.6% |
| Fixed assets | 21/28 | €36,023 | €22,962 | -€13,061 | -36.3% |
| Intangible fixed assets | 21 | - | €8,163 | +€8,163 | |
| Tangible fixed assets | 22/27 | €36,023 | €14,800 | -€21,223 | -58.9% |
| Furniture and vehicles | 24 | €36,023 | €10,714 | -€25,309 | -70.3% |
| Other tangible fixed assets | 26 | - | €4,086 | +€4,086 | |
| Current assets | 29/58 | €134,490 | €155,459 | +€20,970 | +15.6% |
| Amounts receivable after more than one year | 29 | €85,000 | €145,000 | +€60,000 | +70.6% |
| Other amounts receivable | 291 | €85,000 | €145,000 | +€60,000 | +70.6% |
| Amounts receivable within one year | 40/41 | €43,204 | €2,951 | -€40,253 | -93.2% |
| Trade receivables | 40 | €42,949 | €2,792 | -€40,157 | -93.5% |
| Other amounts receivable | 41 | €256 | €159 | -€96 | -37.7% |
| Cash at bank and in hand | 54/58 | €4,823 | €7,508 | +€2,685 | +55.7% |
| Deferred charges and accrued income | 490/1 | €1,463 | - | -€1,463 | |
| Total equity and liabilities | 10/49 | €170,513 | €178,422 | +€7,909 | +4.6% |
| Equity | 10/15 | €72,924 | €84,181 | +€11,257 | +15.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €72,824 | €84,081 | +€11,257 | +15.5% |
| Distributable reserves | 133 | €72,824 | €84,081 | +€11,257 | +15.5% |
| Amounts payable | 17/49 | €97,589 | €94,241 | -€3,348 | -3.4% |
| Amounts payable after more than one year | 17 | €25,833 | €15,000 | -€10,833 | -41.9% |
| Financial debts | 170/4 | €25,833 | €15,000 | -€10,833 | -41.9% |
| Amounts payable within one year | 42/48 | €71,755 | €79,241 | +€7,485 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €6,300 | €9,460 | +€3,160 | +50.2% |
| Suppliers | 440/4 | €6,300 | €9,460 | +€3,160 | +50.2% |
| Advances received on contracts in progress | 46 | - | €5,434 | +€5,434 | |
| Taxes, remuneration and social security | 45 | €52,578 | €44,451 | -€8,127 | -15.5% |
| Taxes | 450/3 | €52,578 | €44,451 | -€8,127 | -15.5% |
| Other amounts payable | 47/48 | €2,877 | €9,895 | +€7,018 | +244% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,348 | €16,342 | -€11,006 | -40.2% |
| Other operating charges | 640/8 | €5,799 | €2,190 | -€3,609 | -62.2% |
| Non-recurring operating charges | 66A | - | €7,075 | +€7,075 | |
| Gross operating margin | 9900 | €130,984 | €41,867 | -€89,118 | -68.0% |
| Operating profit (loss) | 9901 | €97,837 | €16,260 | -€81,577 | -83.4% |
| Financial income | 75/76B | €3,962 | €6,528 | +€2,566 | +64.8% |
| Recurring financial income | 75 | €3,962 | €6,528 | +€2,566 | +64.8% |
| Financial charges | 65/66B | €2,228 | €3,741 | +€1,513 | +67.9% |
| Recurring financial charges | 65 | €2,228 | €3,741 | +€1,513 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | €99,572 | €19,047 | -€80,525 | -80.9% |
| Income taxes | 67/77 | €26,747 | €7,790 | -€18,958 | -70.9% |
| Profit (loss) for the period | 9904 | €72,824 | €11,257 | -€61,567 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,824 | €11,257 | -€61,567 | -84.5% |
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 23 October 2026 via checked.be.