STRUCTURES: 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.
STRUCTURES
Largest movements
- Receivables after one year +€18,684
up €18,684 (+6.8%), from €272,758 to €291,442
- Cash -€15,166
down €15,166 (-7.8%), from €193,228 to €178,062
mainly Receivables after one year (-€18,684) and Other debts (-€7,860)
- Receivables within one year -€12,560
down €12,560 (-16.9%), from €74,113 to €61,552
of which Trade receivables: -€11,469
- Other debts -€7,860
down €7,860 (-49.1%), from €16,007 to €8,147
- Gross operating margin -€1,967
down €1,967 (-19.8%), from -€9,916 to -€11,883
- Financial income +€1,590
up €1,590 (+8.8%), from €18,006 to €19,596
- Other operating charges -€1,162
down €1,162 (-39.1%), from €2,970 to €1,808
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 | €556,010 | €545,291 | -€10,719 | -1.9% |
| Fixed assets | 21/28 | €14,069 | €10,901 | -€3,168 | -22.5% |
| Tangible fixed assets | 22/27 | €14,069 | €10,901 | -€3,168 | -22.5% |
| Plant, machinery and equipment | 23 | €1,308 | €1,157 | -€150 | -11.5% |
| Furniture and vehicles | 24 | €12,761 | €9,743 | -€3,018 | -23.6% |
| Current assets | 29/58 | €541,942 | €534,390 | -€7,551 | -1.4% |
| Amounts receivable after more than one year | 29 | €272,758 | €291,442 | +€18,684 | +6.8% |
| Other amounts receivable | 291 | €272,758 | €291,442 | +€18,684 | +6.8% |
| Amounts receivable within one year | 40/41 | €74,113 | €61,552 | -€12,560 | -16.9% |
| Trade receivables | 40 | €72,199 | €60,730 | -€11,469 | -15.9% |
| Other amounts receivable | 41 | €1,913 | €822 | -€1,091 | -57.0% |
| Cash at bank and in hand | 54/58 | €193,228 | €178,062 | -€15,166 | -7.8% |
| Deferred charges and accrued income | 490/1 | €1,843 | €3,334 | +€1,491 | +80.9% |
| Total equity and liabilities | 10/49 | €556,010 | €545,291 | -€10,719 | -1.9% |
| Equity | 10/15 | €487,208 | €487,260 | +€51 | 0.0% |
| Contributions | 10/11 | €147,400 | €147,400 | = | 0.0% |
| Reserves | 13 | €341,539 | €340,680 | -€859 | -0.3% |
| Non-distributable reserves | 130/1 | €10,568 | €10,568 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,568 | €10,568 | = | 0.0% |
| Distributable reserves | 133 | €330,971 | €330,112 | -€859 | -0.3% |
| Profit (loss) carried forward | 14 | -€1,731 | -€821 | +€910 | +52.6% |
| Amounts payable | 17/49 | €68,802 | €58,032 | -€10,771 | -15.7% |
| Amounts payable after more than one year | 17 | €2,522 | €122 | -€2,400 | -95.2% |
| Financial debts | 170/4 | €2,522 | €122 | -€2,400 | -95.2% |
| Amounts payable within one year | 42/48 | €66,280 | €57,910 | -€8,371 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €2,340 | €2,220 | -€120 | -5.1% |
| Trade debts | 44 | €46,522 | €42,139 | -€4,383 | -9.4% |
| Suppliers | 440/4 | €46,522 | €42,139 | -€4,383 | -9.4% |
| Taxes, remuneration and social security | 45 | €1,412 | €5,404 | +€3,992 | +283% |
| Taxes | 450/3 | €1,412 | €5,404 | +€3,992 | +283% |
| Other amounts payable | 47/48 | €16,007 | €8,147 | -€7,860 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,931 | €3,975 | +€45 | +1.1% |
| Other operating charges | 640/8 | €2,970 | €1,808 | -€1,162 | -39.1% |
| Gross operating margin | 9900 | -€9,916 | -€11,883 | -€1,967 | -19.8% |
| Operating profit (loss) | 9901 | -€16,817 | -€17,666 | -€849 | -5.1% |
| Financial income | 75/76B | €18,006 | €19,596 | +€1,590 | +8.8% |
| Recurring financial income | 75 | €18,006 | €19,596 | +€1,590 | +8.8% |
| Financial charges | 65/66B | €549 | €512 | -€38 | -6.8% |
| Recurring financial charges | 65 | €549 | €512 | -€38 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €640 | €1,418 | +€778 | +121% |
| Income taxes | 67/77 | €581 | €508 | -€73 | -12.6% |
| Profit (loss) for the period | 9904 | €59 | €910 | +€851 | +1,438% |
| Profit (loss) for the period to be appropriated | 9905 | €59 | €910 | +€851 | +1,438% |
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 19 October 2026 via checked.be.