SI & MO: 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.
SI & MO
Largest movements
- Tangible fixed assets -€30,260
down €30,260 (-17.9%), from €168,984 to €138,725
of which Furniture and vehicles: -€22,923
- Stocks and contracts +€6,804
up €6,804 (+30.5%), from €22,287 to €29,091
- Cash +€5,491
up €5,491 (+306.2%), from €1,793 to €7,285
mainly Depreciation (+€28,129) and Tax, wage and social debts (+€3,910)
- Short-term financial debts -€20,500
down €20,500 (-36.9%), from €55,500 to €35,000
- Tax, wage and social debts +€3,910
up €3,910 (+13.5%), from €28,861 to €32,771
of which Remuneration and social security: +€2,139
- Profit (loss) carried forward -€2,767
down €2,767 (-49.6%), from €5,583 to €2,816
- Other operating charges +€6,617
up €6,617 (+344.0%), from €1,923 to €8,540
- Depreciation +€5,512
up €5,512 (+24.4%), from €22,617 to €28,129
- Gross operating margin -€3,340
down €3,340 (-3.1%), from €107,083 to €103,743
- Staff costs -€3,250
down €3,250 (-4.5%), from €72,877 to €69,627
- Taxes -€2,654
down €2,654 (-98.4%), from €2,698 to €44
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 | €200,164 | €182,560 | -€17,603 | -8.8% |
| Fixed assets | 21/28 | €169,296 | €138,919 | -€30,378 | -17.9% |
| Intangible fixed assets | 21 | €177 | €59 | -€118 | -66.7% |
| Tangible fixed assets | 22/27 | €168,984 | €138,725 | -€30,260 | -17.9% |
| Land and buildings | 22 | €101,359 | €96,257 | -€5,101 | -5.0% |
| Plant, machinery and equipment | 23 | €6,981 | €4,746 | -€2,235 | -32.0% |
| Furniture and vehicles | 24 | €60,645 | €37,721 | -€22,923 | -37.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €30,867 | €43,642 | +€12,775 | +41.4% |
| Stocks and contracts in progress | 3 | €22,287 | €29,091 | +€6,804 | +30.5% |
| Stocks | 30/36 | €22,287 | €29,091 | +€6,804 | +30.5% |
| Amounts receivable within one year | 40/41 | €5,100 | €5,087 | -€12 | -0.2% |
| Trade receivables | 40 | €3,561 | €2,131 | -€1,430 | -40.2% |
| Other amounts receivable | 41 | €1,539 | €2,956 | +€1,418 | +92.1% |
| Cash at bank and in hand | 54/58 | €1,793 | €7,285 | +€5,491 | +306.2% |
| Deferred charges and accrued income | 490/1 | €1,687 | €2,179 | +€492 | +29.1% |
| Total equity and liabilities | 10/49 | €200,164 | €182,560 | -€17,603 | -8.8% |
| Equity | 10/15 | €66,473 | €63,706 | -€2,767 | -4.2% |
| Contributions | 10/11 | €15,600 | €15,600 | = | 0.0% |
| Reserves | 13 | €45,290 | €45,290 | = | 0.0% |
| Distributable reserves | 133 | €45,290 | €45,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,583 | €2,816 | -€2,767 | -49.6% |
| Amounts payable | 17/49 | €133,691 | €118,854 | -€14,836 | -11.1% |
| Amounts payable within one year | 42/48 | €133,681 | €118,781 | -€14,900 | -11.1% |
| Financial debts | 43 | €55,500 | €35,000 | -€20,500 | -36.9% |
| Other loans | 439 | €55,500 | €35,000 | -€20,500 | -36.9% |
| Trade debts | 44 | €47,721 | €49,326 | +€1,605 | +3.4% |
| Suppliers | 440/4 | €47,721 | €49,326 | +€1,605 | +3.4% |
| Advances received on contracts in progress | 46 | - | €84 | +€84 | |
| Taxes, remuneration and social security | 45 | €28,861 | €32,771 | +€3,910 | +13.5% |
| Taxes | 450/3 | €4,083 | €5,855 | +€1,772 | +43.4% |
| Remuneration and social security | 454/9 | €24,777 | €26,916 | +€2,139 | +8.6% |
| Other amounts payable | 47/48 | €1,600 | €1,600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9 | €73 | +€64 | +681.6% |
| Remuneration, social security and pensions | 62 | €72,877 | €69,627 | -€3,250 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,617 | €28,129 | +€5,512 | +24.4% |
| Other operating charges | 640/8 | €1,923 | €8,540 | +€6,617 | +344.0% |
| Gross operating margin | 9900 | €107,083 | €103,743 | -€3,340 | -3.1% |
| Operating profit (loss) | 9901 | €9,666 | -€2,553 | -€12,219 | |
| Financial income | 75/76B | €467 | €56 | -€410 | -87.9% |
| Recurring financial income | 75 | €467 | €56 | -€410 | -87.9% |
| Financial charges | 65/66B | €220 | €226 | +€6 | +2.6% |
| Recurring financial charges | 65 | €220 | €226 | +€6 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €9,912 | -€2,723 | -€12,635 | |
| Income taxes | 67/77 | €2,698 | €44 | -€2,654 | -98.4% |
| Profit (loss) for the period | 9904 | €7,214 | -€2,767 | -€9,981 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,214 | -€2,767 | -€9,981 |
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 11 October 2026 via checked.be.