SELECTS: 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.
SELECTS
Largest movements
- Tangible fixed assets -€45,159
down €45,159 (-21.0%), from €215,035 to €169,876
of which Plant, machinery and equipment: -€38,407
- Receivables within one year -€8,985
down €8,985 (-28.8%), from €31,229 to €22,244
of which Trade receivables: -€18,852
- Cash +€8,208
up €8,208 (+9.6%), from €85,776 to €93,984
mainly Depreciation (+€49,890) and Net result for the year (+€10,852)
- Trade debts -€28,284
down €28,284 (-22.0%), from €128,750 to €100,466
- Debts after one year -€18,019
down €18,019 (-17.5%), from €102,751 to €84,732
- Profit (loss) carried forward +€10,852
up €10,852 (+15.8%), from -€68,586 to -€57,734
- Current portion of long-term debt -€4,992
down €4,992 (-14.5%), from €34,491 to €29,499
- Tax, wage and social debts -€4,103
down €4,103 (-4.0%), from €103,178 to €99,075
of which Taxes: -€5,194
- Staff costs -€63,273
down €63,273 (-12.0%), from €526,295 to €463,022
- Gross operating margin +€58,267
up €58,267 (+12.1%), from €479,659 to €537,926
- Other operating charges +€8,640
up €8,640 (+853%), from €1,012 to €9,652
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 | €369,957 | €325,411 | -€44,546 | -12.0% |
| Fixed assets | 21/28 | €215,035 | €169,876 | -€45,159 | -21.0% |
| Tangible fixed assets | 22/27 | €215,035 | €169,876 | -€45,159 | -21.0% |
| Plant, machinery and equipment | 23 | €170,762 | €132,355 | -€38,407 | -22.5% |
| Furniture and vehicles | 24 | €2,903 | €6,223 | +€3,320 | +114% |
| Leasing and similar rights | 25 | €4,547 | €456 | -€4,091 | -90.0% |
| Other tangible fixed assets | 26 | €36,823 | €30,842 | -€5,981 | -16.2% |
| Current assets | 29/58 | €154,922 | €155,535 | +€613 | +0.4% |
| Stocks and contracts in progress | 3 | €37,917 | €37,917 | -€0 | 0.0% |
| Stocks | 30/36 | €37,917 | €37,917 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €31,229 | €22,244 | -€8,985 | -28.8% |
| Trade receivables | 40 | €30,489 | €11,637 | -€18,852 | -61.8% |
| Other amounts receivable | 41 | €740 | €10,607 | +€9,867 | +1,333% |
| Cash at bank and in hand | 54/58 | €85,776 | €93,984 | +€8,208 | +9.6% |
| Deferred charges and accrued income | 490/1 | - | €1,390 | +€1,390 | |
| Total equity and liabilities | 10/49 | €369,957 | €325,411 | -€44,546 | -12.0% |
| Equity | 10/15 | -€38,586 | -€27,734 | +€10,852 | +28.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,586 | -€57,734 | +€10,852 | +15.8% |
| Amounts payable | 17/49 | €408,543 | €353,145 | -€55,398 | -13.6% |
| Amounts payable after more than one year | 17 | €102,751 | €84,732 | -€18,019 | -17.5% |
| Financial debts | 170/4 | €102,751 | €84,732 | -€18,019 | -17.5% |
| Amounts payable within one year | 42/48 | €305,792 | €268,413 | -€37,379 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €34,491 | €29,499 | -€4,992 | -14.5% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €128,750 | €100,466 | -€28,284 | -22.0% |
| Suppliers | 440/4 | €128,750 | €100,466 | -€28,284 | -22.0% |
| Taxes, remuneration and social security | 45 | €103,178 | €99,075 | -€4,103 | -4.0% |
| Taxes | 450/3 | €11,724 | €6,530 | -€5,194 | -44.3% |
| Remuneration and social security | 454/9 | €91,454 | €92,545 | +€1,091 | +1.2% |
| Other amounts payable | 47/48 | €9,374 | €9,373 | -€1 | 0.0% |
| Non-recurring operating income | 76A | €6,500 | - | -€6,500 | |
| Remuneration, social security and pensions | 62 | €526,295 | €463,022 | -€63,273 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,097 | €49,890 | +€1,793 | +3.7% |
| Other operating charges | 640/8 | €1,012 | €9,652 | +€8,640 | +853% |
| Gross operating margin | 9900 | €479,659 | €537,926 | +€58,267 | +12.1% |
| Operating profit (loss) | 9901 | -€95,745 | €15,362 | +€111,107 | |
| Financial income | 75/76B | €65 | €1,759 | +€1,694 | +2,614% |
| Recurring financial income | 75 | €65 | €1,759 | +€1,694 | +2,614% |
| Financial charges | 65/66B | €8,235 | €6,269 | -€1,966 | -23.9% |
| Recurring financial charges | 65 | €8,235 | €6,269 | -€1,966 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | -€103,915 | €10,852 | +€114,767 | |
| Profit (loss) for the period | 9904 | -€103,915 | €10,852 | +€114,767 | |
| Profit (loss) for the period to be appropriated | 9905 | -€103,915 | €10,852 | +€114,767 |
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 14 October 2026 via checked.be.