SP BOX: 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.
SP BOX
Largest movements
- Receivables within one year +€93,447
up €93,447 (+36.4%), from €256,582 to €350,029
of which Trade receivables: +€65,635
- Tangible fixed assets -€4,335
down €4,335 (-6.9%), from €62,584 to €58,249
of which Land and buildings: -€7,272
- Trade debts +€58,473
up €58,473 (+23.4%), from €249,773 to €308,246
- Profit (loss) carried forward +€44,233
up €44,233, from -€7,394 to €36,839
- Current portion of long-term debt -€17,023
down €17,023 (-70.3%), from €24,219 to €7,196
- Tax, wage and social debts +€5,084
up €5,084 (+1875.2%), from €271 to €5,356
of which Taxes: +€4,390
- Other debts -€4,596
down €4,596 (-10.5%), from €43,731 to €39,135
- Gross operating margin +€58,068
up €58,068 (+249.6%), from €23,261 to €81,328
- Staff costs +€11,339
up €11,339 (+559.3%), from €2,027 to €13,366
- Taxes +€5,786
new in 2024: €5,786
- Financial charges +€2,913
up €2,913 (+172.3%), from €1,690 to €4,604
- Other operating charges -€1,683
down €1,683 (-33.0%), from €5,108 to €3,424
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 | €336,166 | €422,076 | +€85,910 | +25.6% |
| Fixed assets | 21/28 | €68,764 | €64,429 | -€4,335 | -6.3% |
| Tangible fixed assets | 22/27 | €62,584 | €58,249 | -€4,335 | -6.9% |
| Land and buildings | 22 | €40,860 | €33,588 | -€7,272 | -17.8% |
| Plant, machinery and equipment | 23 | €21,212 | €19,054 | -€2,157 | -10.2% |
| Furniture and vehicles | 24 | €513 | €5,607 | +€5,094 | +993.2% |
| Financial fixed assets | 28 | €6,180 | €6,180 | = | 0.0% |
| Current assets | 29/58 | €267,402 | €357,647 | +€90,245 | +33.7% |
| Stocks and contracts in progress | 3 | €432 | €432 | = | 0.0% |
| Stocks | 30/36 | €432 | €432 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €256,582 | €350,029 | +€93,447 | +36.4% |
| Trade receivables | 40 | €228,213 | €293,849 | +€65,635 | +28.8% |
| Other amounts receivable | 41 | €28,369 | €56,180 | +€27,811 | +98.0% |
| Cash at bank and in hand | 54/58 | €10,387 | €7,186 | -€3,201 | -30.8% |
| Total equity and liabilities | 10/49 | €336,166 | €422,076 | +€85,910 | +25.6% |
| Equity | 10/15 | €10,806 | €55,039 | +€44,233 | +409.3% |
| Contributions | 10/11 | €18,200 | €18,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,394 | €36,839 | +€44,233 | |
| Amounts payable | 17/49 | €325,360 | €367,038 | +€41,678 | +12.8% |
| Amounts payable after more than one year | 17 | €7,105 | €7,105 | = | 0.0% |
| Financial debts | 170/4 | €7,105 | €7,105 | = | 0.0% |
| Amounts payable within one year | 42/48 | €317,995 | €359,933 | +€41,938 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €24,219 | €7,196 | -€17,023 | -70.3% |
| Trade debts | 44 | €249,773 | €308,246 | +€58,473 | +23.4% |
| Suppliers | 440/4 | €249,773 | €308,246 | +€58,473 | +23.4% |
| Taxes, remuneration and social security | 45 | €271 | €5,356 | +€5,084 | +1875.2% |
| Taxes | 450/3 | - | €4,390 | +€4,390 | |
| Remuneration and social security | 454/9 | €271 | €966 | +€695 | +256.3% |
| Other amounts payable | 47/48 | €43,731 | €39,135 | -€4,596 | -10.5% |
| Accrued charges and deferred income | 492/3 | €260 | - | -€260 | |
| Remuneration, social security and pensions | 62 | €2,027 | €13,366 | +€11,339 | +559.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,340 | €9,942 | +€1,601 | +19.2% |
| Other operating charges | 640/8 | €5,108 | €3,424 | -€1,683 | -33.0% |
| Gross operating margin | 9900 | €23,261 | €81,328 | +€58,068 | +249.6% |
| Operating profit (loss) | 9901 | €7,785 | €54,596 | +€46,811 | +601.3% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €1,690 | €4,604 | +€2,913 | +172.3% |
| Recurring financial charges | 65 | €1,690 | €4,604 | +€2,913 | +172.3% |
| Profit (loss) for the period before taxes | 9903 | €6,095 | €50,019 | +€43,924 | +720.7% |
| Income taxes | 67/77 | - | €5,786 | +€5,786 | |
| Profit (loss) for the period | 9904 | €6,095 | €44,233 | +€38,138 | +625.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,095 | €44,233 | +€38,138 | +625.7% |
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 10 October 2026 via checked.be.