SIMPLY LINE: 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.
SIMPLY LINE
Largest movements
- Tangible fixed assets -€13,248
down €13,248 (-2.2%), from €596,467 to €583,220
of which Land and buildings: -€22,469
- Debts after one year -€63,333
down €63,333 (-14.2%), from €444,645 to €381,312
- Current portion of long-term debt +€32,030
new in 2024: €32,030
- Reserves +€28,937
up €28,937 (+19.3%), from €150,271 to €179,209
of which Distributable reserves: +€28,937
- Other debts -€13,750
no longer reported in 2024 (was €13,750)
- Tax, wage and social debts +€7,060
up €7,060 (+21.3%), from €33,167 to €40,227
- Gross operating margin -€10,323
down €10,323 (-9.7%), from €106,933 to €96,610
- Other operating charges +€7,037
up €7,037 (+123%), from €5,705 to €12,742
- Taxes -€3,812
down €3,812 (-24.1%), from €15,843 to €12,031
- Depreciation -€2,140
down €2,140 (-7.0%), from €30,388 to €28,248
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 | €664,837 | €655,846 | -€8,991 | -1.4% |
| Fixed assets | 21/28 | €596,467 | €583,220 | -€13,248 | -2.2% |
| Tangible fixed assets | 22/27 | €596,467 | €583,220 | -€13,248 | -2.2% |
| Land and buildings | 22 | €592,997 | €570,527 | -€22,469 | -3.8% |
| Plant, machinery and equipment | 23 | €2,796 | €12,437 | +€9,642 | +345% |
| Furniture and vehicles | 24 | €675 | €255 | -€420 | -62.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €68,369 | €72,626 | +€4,257 | +6.2% |
| Amounts receivable within one year | 40/41 | €55,823 | €60,347 | +€4,524 | +8.1% |
| Trade receivables | 40 | €55,823 | €44,527 | -€11,296 | -20.2% |
| Other amounts receivable | 41 | - | €15,820 | +€15,820 | |
| Cash at bank and in hand | 54/58 | €9,113 | €12,038 | +€2,924 | +32.1% |
| Deferred charges and accrued income | 490/1 | €3,433 | €242 | -€3,191 | -92.9% |
| Total equity and liabilities | 10/49 | €664,837 | €655,846 | -€8,991 | -1.4% |
| Equity | 10/15 | €168,871 | €197,809 | +€28,937 | +17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €150,271 | €179,209 | +€28,937 | +19.3% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €148,471 | €177,409 | +€28,937 | +19.5% |
| Amounts payable | 17/49 | €495,965 | €458,037 | -€37,928 | -7.6% |
| Amounts payable after more than one year | 17 | €444,645 | €381,312 | -€63,333 | -14.2% |
| Financial debts | 170/4 | €444,645 | €381,312 | -€63,333 | -14.2% |
| Amounts payable within one year | 42/48 | €51,320 | €76,725 | +€25,405 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | - | €32,030 | +€32,030 | |
| Trade debts | 44 | €4,404 | €4,468 | +€64 | +1.5% |
| Suppliers | 440/4 | €4,404 | €4,468 | +€64 | +1.5% |
| Taxes, remuneration and social security | 45 | €33,167 | €40,227 | +€7,060 | +21.3% |
| Taxes | 450/3 | €33,167 | €40,227 | +€7,060 | +21.3% |
| Other amounts payable | 47/48 | €13,750 | - | -€13,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,388 | €28,248 | -€2,140 | -7.0% |
| Other operating charges | 640/8 | €5,705 | €12,742 | +€7,037 | +123% |
| Gross operating margin | 9900 | €106,933 | €96,610 | -€10,323 | -9.7% |
| Operating profit (loss) | 9901 | €70,840 | €55,620 | -€15,220 | -21.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -67.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -67.6% |
| Financial charges | 65/66B | €14,135 | €14,652 | +€517 | +3.7% |
| Recurring financial charges | 65 | €14,135 | €14,652 | +€517 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €56,706 | €40,969 | -€15,737 | -27.8% |
| Income taxes | 67/77 | €15,843 | €12,031 | -€3,812 | -24.1% |
| Profit (loss) for the period | 9904 | €40,863 | €28,937 | -€11,926 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,863 | €28,937 | -€11,926 | -29.2% |
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 18 October 2026 via checked.be.