SERVING YOU: 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.
SERVING YOU
Largest movements
- Tangible fixed assets -€49,268
down €49,268 (-5.7%), from €864,674 to €815,406
of which Land and buildings: -€42,269
- Cash -€13,303
down €13,303 (-95.0%), from €14,010 to €707
mainly Tax, wage and social debts (-€35,493) and Trade debts (-€29,172)
- Other debts +€71,603
up €71,603 (+2270.3%), from €3,154 to €74,757
- Tax, wage and social debts -€35,493
down €35,493 (-74.0%), from €47,979 to €12,486
of which Remuneration and social security: -€30,638
- Trade debts -€29,172
down €29,172 (-58.7%), from €49,734 to €20,562
- Debts after one year -€22,149
down €22,149 (-4.8%), from €457,057 to €434,908
- Current portion of long-term debt -€21,624
down €21,624 (-49.4%), from €43,773 to €22,149
- Gross operating margin -€40,487
down €40,487 (-11.3%), from €358,938 to €318,450
- Staff costs -€12,225
down €12,225 (-4.7%), from €259,885 to €247,660
- Other operating charges +€9,184
up €9,184 (+137.6%), from €6,674 to €15,858
- Taxes -€5,594
down €5,594 (-94.3%), from €5,932 to €339
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 | €917,680 | €858,661 | -€59,020 | -6.4% |
| Fixed assets | 21/28 | €868,173 | €818,905 | -€49,268 | -5.7% |
| Tangible fixed assets | 22/27 | €864,674 | €815,406 | -€49,268 | -5.7% |
| Land and buildings | 22 | €835,411 | €793,142 | -€42,269 | -5.1% |
| Plant, machinery and equipment | 23 | €28,139 | €22,071 | -€6,068 | -21.6% |
| Furniture and vehicles | 24 | €1,125 | €194 | -€931 | -82.7% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €3,499 | €3,499 | = | 0.0% |
| Current assets | 29/58 | €49,507 | €39,756 | -€9,752 | -19.7% |
| Amounts receivable within one year | 40/41 | €30,345 | €33,628 | +€3,283 | +10.8% |
| Trade receivables | 40 | €19,160 | €8,308 | -€10,852 | -56.6% |
| Other amounts receivable | 41 | €11,185 | €25,320 | +€14,135 | +126.4% |
| Cash at bank and in hand | 54/58 | €14,010 | €707 | -€13,303 | -95.0% |
| Deferred charges and accrued income | 490/1 | €5,152 | €5,420 | +€268 | +5.2% |
| Total equity and liabilities | 10/49 | €917,680 | €858,661 | -€59,020 | -6.4% |
| Equity | 10/15 | €307,972 | €291,046 | -€16,925 | -5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €301,772 | €284,846 | -€16,925 | -5.6% |
| Distributable reserves | 133 | €301,772 | €284,846 | -€16,925 | -5.6% |
| Amounts payable | 17/49 | €609,709 | €567,614 | -€42,094 | -6.9% |
| Amounts payable after more than one year | 17 | €457,057 | €434,908 | -€22,149 | -4.8% |
| Financial debts | 170/4 | €457,057 | €434,908 | -€22,149 | -4.8% |
| Amounts payable within one year | 42/48 | €148,214 | €129,954 | -€18,260 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €43,773 | €22,149 | -€21,624 | -49.4% |
| Financial debts | 43 | €3,574 | €0 | -€3,574 | -100.0% |
| Credit institutions | 430/8 | €3,574 | €0 | -€3,574 | -100.0% |
| Trade debts | 44 | €49,734 | €20,562 | -€29,172 | -58.7% |
| Suppliers | 440/4 | €49,734 | €20,562 | -€29,172 | -58.7% |
| Taxes, remuneration and social security | 45 | €47,979 | €12,486 | -€35,493 | -74.0% |
| Taxes | 450/3 | €9,446 | €4,591 | -€4,854 | -51.4% |
| Remuneration and social security | 454/9 | €38,533 | €7,895 | -€30,638 | -79.5% |
| Other amounts payable | 47/48 | €3,154 | €74,757 | +€71,603 | +2270.3% |
| Accrued charges and deferred income | 492/3 | €4,437 | €2,752 | -€1,685 | -38.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €259,885 | €247,660 | -€12,225 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,727 | €67,875 | +€147 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,044 | €0 | +€1,044 | |
| Other operating charges | 640/8 | €6,674 | €15,858 | +€9,184 | +137.6% |
| Gross operating margin | 9900 | €358,938 | €318,450 | -€40,487 | -11.3% |
| Operating profit (loss) | 9901 | €25,696 | -€12,942 | -€38,639 | |
| Financial income | 75/76B | €421 | €83 | -€338 | -80.2% |
| Recurring financial income | 75 | €421 | €83 | -€338 | -80.2% |
| Financial charges | 65/66B | €6,311 | €3,728 | -€2,584 | -40.9% |
| Recurring financial charges | 65 | €6,311 | €3,728 | -€2,584 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €19,806 | -€16,587 | -€36,393 | |
| Income taxes | 67/77 | €5,932 | €339 | -€5,594 | -94.3% |
| Profit (loss) for the period | 9904 | €13,874 | -€16,925 | -€30,799 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,874 | -€16,925 | -€30,799 |
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 29 September 2026 via checked.be.