STRUCTURE PLUS: 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.
STRUCTURE PLUS
Largest movements
- Receivables within one year +€280,046
up €280,046 (+51.3%), from €546,362 to €826,408
of which Trade receivables: +€270,873
- Stocks and contracts -€249,171
down €249,171 (-45.3%), from €550,101 to €300,929
- Cash -€63,264
down €63,264 (-75.3%), from €84,043 to €20,780
mainly Advances received (-€333,294) and Receivables within one year (-€280,046)
- Deferred charges and accrued income -€15,334
down €15,334 (-39.6%), from €38,758 to €23,424
- Advances received -€333,294
down €333,294 (-44.8%), from €743,244 to €409,950
- Short-term financial debts +€222,607
up €222,607 (+830.8%), from €26,793 to €249,400
- Debts after one year +€33,719
up €33,719 (+51.4%), from €65,661 to €99,381
- Reserves +€25,000
up €25,000 (+20.9%), from €119,850 to €144,850
of which Distributable reserves: +€25,000
- Gross operating margin +€425,678
up €425,678 (+468.1%), from €90,939 to €516,617
- Write-downs +€38,158
up €38,158 (+152.8%), from €24,973 to €63,131
- Depreciation +€9,855
up €9,855 (+12.1%), from €81,450 to €91,305
- Financial charges +€9,043
up €9,043 (+94.3%), from €9,585 to €18,628
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 | €1,390,714 | €1,339,886 | -€50,828 | -3.7% |
| Fixed assets | 21/28 | €171,451 | €168,345 | -€3,106 | -1.8% |
| Tangible fixed assets | 22/27 | €171,337 | €168,232 | -€3,106 | -1.8% |
| Plant, machinery and equipment | 23 | €75,414 | €102,846 | +€27,431 | +36.4% |
| Furniture and vehicles | 24 | €95,923 | €65,386 | -€30,537 | -31.8% |
| Financial fixed assets | 28 | €113 | €113 | = | 0.0% |
| Current assets | 29/58 | €1,219,264 | €1,171,541 | -€47,723 | -3.9% |
| Stocks and contracts in progress | 3 | €550,101 | €300,929 | -€249,171 | -45.3% |
| Stocks | 30/36 | €550,101 | €300,929 | -€249,171 | -45.3% |
| Amounts receivable within one year | 40/41 | €546,362 | €826,408 | +€280,046 | +51.3% |
| Trade receivables | 40 | €514,868 | €785,740 | +€270,873 | +52.6% |
| Other amounts receivable | 41 | €31,494 | €40,668 | +€9,173 | +29.1% |
| Cash at bank and in hand | 54/58 | €84,043 | €20,780 | -€63,264 | -75.3% |
| Deferred charges and accrued income | 490/1 | €38,758 | €23,424 | -€15,334 | -39.6% |
| Total equity and liabilities | 10/49 | €1,390,714 | €1,339,886 | -€50,828 | -3.7% |
| Equity | 10/15 | €185,966 | €212,628 | +€26,661 | +14.3% |
| Contributions | 10/11 | €63,500 | €63,500 | = | 0.0% |
| Capital | 10 | €63,500 | €63,500 | = | 0.0% |
| Issued capital | 100 | €63,500 | €63,500 | = | 0.0% |
| Reserves | 13 | €119,850 | €144,850 | +€25,000 | +20.9% |
| Non-distributable reserves | 130/1 | €6,350 | €6,350 | = | 0.0% |
| Legal reserve | 130 | €6,350 | €6,350 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,500 | €13,500 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Profit (loss) carried forward | 14 | €2,616 | €4,278 | +€1,661 | +63.5% |
| Amounts payable | 17/49 | €1,204,748 | €1,127,259 | -€77,490 | -6.4% |
| Amounts payable after more than one year | 17 | €65,661 | €99,381 | +€33,719 | +51.4% |
| Financial debts | 170/4 | €65,661 | €99,381 | +€33,719 | +51.4% |
| Amounts payable within one year | 42/48 | €1,139,087 | €1,026,726 | -€112,360 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €41,841 | €54,785 | +€12,944 | +30.9% |
| Financial debts | 43 | €26,793 | €249,400 | +€222,607 | +830.8% |
| Credit institutions | 430/8 | €26,793 | €249,400 | +€222,607 | +830.8% |
| Trade debts | 44 | €250,818 | €248,982 | -€1,836 | -0.7% |
| Suppliers | 440/4 | €250,818 | €248,982 | -€1,836 | -0.7% |
| Advances received on contracts in progress | 46 | €743,244 | €409,950 | -€333,294 | -44.8% |
| Taxes, remuneration and social security | 45 | €72,320 | €58,552 | -€13,767 | -19.0% |
| Taxes | 450/3 | €35,041 | €8,715 | -€26,326 | -75.1% |
| Remuneration and social security | 454/9 | €37,279 | €49,837 | +€12,558 | +33.7% |
| Other amounts payable | 47/48 | €4,071 | €5,057 | +€986 | +24.2% |
| Accrued charges and deferred income | 492/3 | - | €1,152 | +€1,152 | |
| Remuneration, social security and pensions | 62 | €324,538 | €328,854 | +€4,316 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,450 | €91,305 | +€9,855 | +12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,973 | €63,131 | +€38,158 | +152.8% |
| Other operating charges | 640/8 | €8,676 | €5,762 | -€2,914 | -33.6% |
| Gross operating margin | 9900 | €90,939 | €516,617 | +€425,678 | +468.1% |
| Operating profit (loss) | 9901 | -€348,698 | €27,565 | +€376,263 | |
| Financial income | 75/76B | €22,815 | €18,598 | -€4,217 | -18.5% |
| Recurring financial income | 75 | €22,815 | €18,598 | -€4,217 | -18.5% |
| Financial charges | 65/66B | €9,585 | €18,628 | +€9,043 | +94.3% |
| Recurring financial charges | 65 | €9,585 | €18,628 | +€9,043 | +94.3% |
| Profit (loss) for the period before taxes | 9903 | -€335,469 | €27,535 | +€363,004 | |
| Income taxes | 67/77 | €879 | €874 | -€6 | -0.7% |
| Profit (loss) for the period | 9904 | -€336,348 | €26,661 | +€363,010 | |
| Profit (loss) for the period to be appropriated | 9905 | -€336,348 | €26,661 | +€363,010 |
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.