SOLID FACADES: 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.
SOLID FACADES
Largest movements
- Tangible fixed assets +€105,467
up €105,467 (+657.4%), from €16,044 to €121,511
of which Furniture and vehicles: +€105,402
- Receivables within one year -€10,060
down €10,060 (-16.0%), from €62,808 to €52,749
of which Trade receivables: -€21,894
- Deferred charges and accrued income -€7,477
no longer reported in 2024 (was €7,477)
- Cash +€3,541
up €3,541 (+44.8%), from €7,912 to €11,452
mainly Debts after one year (+€81,990) and Short-term financial debts (+€17,000)
- Debts after one year +€81,990
new in 2024: €81,990
- Reserves -€50,774
down €50,774 (-71.6%), from €70,934 to €20,160
- Short-term financial debts +€17,000
new in 2024: €17,000
- Trade debts +€16,673
up €16,673 (+351.8%), from €4,739 to €21,412
- Current portion of long-term debt +€15,500
new in 2024: €15,500
- Gross operating margin -€72,400
down €72,400, from €43,146 to -€29,254
- Taxes -€5,990
down €5,990 (-89.1%), from €6,723 to €733
- Depreciation +€3,725
up €3,725 (+37.6%), from €9,903 to €13,628
- Other operating charges +€1,265
up €1,265 (+139.6%), from €907 to €2,172
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 | €100,034 | €190,648 | +€90,614 | +90.6% |
| Fixed assets | 21/28 | €17,244 | €122,720 | +€105,476 | +611.7% |
| Tangible fixed assets | 22/27 | €16,044 | €121,511 | +€105,467 | +657.4% |
| Plant, machinery and equipment | 23 | €1,830 | €1,895 | +€65 | +3.5% |
| Furniture and vehicles | 24 | €14,214 | €119,616 | +€105,402 | +741.5% |
| Financial fixed assets | 28 | €1,200 | €1,209 | +€9 | +0.8% |
| Current assets | 29/58 | €82,790 | €67,928 | -€14,862 | -18.0% |
| Stocks and contracts in progress | 3 | €4,593 | €3,727 | -€866 | -18.8% |
| Stocks | 30/36 | €4,593 | €3,727 | -€866 | -18.8% |
| Amounts receivable within one year | 40/41 | €62,808 | €52,749 | -€10,060 | -16.0% |
| Trade receivables | 40 | €53,799 | €31,904 | -€21,894 | -40.7% |
| Other amounts receivable | 41 | €9,010 | €20,844 | +€11,835 | +131.4% |
| Cash at bank and in hand | 54/58 | €7,912 | €11,452 | +€3,541 | +44.8% |
| Deferred charges and accrued income | 490/1 | €7,477 | - | -€7,477 | |
| Total equity and liabilities | 10/49 | €100,034 | €190,648 | +€90,614 | +90.6% |
| Equity | 10/15 | €77,134 | €26,360 | -€50,774 | -65.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €70,934 | €20,160 | -€50,774 | -71.6% |
| Distributable reserves | 133 | €70,934 | €20,160 | -€50,774 | -71.6% |
| Amounts payable | 17/49 | €22,900 | €164,288 | +€141,388 | +617.4% |
| Amounts payable after more than one year | 17 | - | €81,990 | +€81,990 | |
| Financial debts | 170/4 | - | €81,990 | +€81,990 | |
| Amounts payable within one year | 42/48 | €22,900 | €82,298 | +€59,398 | +259.4% |
| Current portion of amounts payable after more than one year | 42 | - | €15,500 | +€15,500 | |
| Financial debts | 43 | - | €17,000 | +€17,000 | |
| Credit institutions | 430/8 | - | €17,000 | +€17,000 | |
| Trade debts | 44 | €4,739 | €21,412 | +€16,673 | +351.8% |
| Suppliers | 440/4 | €4,739 | €21,412 | +€16,673 | +351.8% |
| Taxes, remuneration and social security | 45 | €18,161 | €28,386 | +€10,225 | +56.3% |
| Taxes | 450/3 | €13,311 | €4,136 | -€9,175 | -68.9% |
| Remuneration and social security | 454/9 | €4,850 | €24,250 | +€19,400 | +400.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,903 | €13,628 | +€3,725 | +37.6% |
| Other operating charges | 640/8 | €907 | €2,172 | +€1,265 | +139.6% |
| Non-recurring operating charges | 66A | - | €3,912 | +€3,912 | |
| Gross operating margin | 9900 | €43,146 | -€29,254 | -€72,400 | |
| Operating profit (loss) | 9901 | €32,336 | -€48,967 | -€81,303 | |
| Financial income | 75/76B | €350 | €567 | +€216 | +61.7% |
| Recurring financial income | 75 | €350 | €567 | +€216 | +61.7% |
| Financial charges | 65/66B | €1,417 | €1,641 | +€224 | +15.8% |
| Recurring financial charges | 65 | €1,417 | €1,641 | +€224 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €31,269 | -€50,041 | -€81,310 | |
| Income taxes | 67/77 | €6,723 | €733 | -€5,990 | -89.1% |
| Profit (loss) for the period | 9904 | €24,547 | -€50,774 | -€75,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,547 | -€50,774 | -€75,320 |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.