Superstories: 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.
Superstories
Largest movements
- Stocks and contracts +€257,752
up €257,752 (+57.8%), from €445,817 to €703,569
- Intangible fixed assets +€80,190
up €80,190 (+64.8%), from €123,806 to €203,996
- Cash -€69,081
no longer reported in 2024 (was €69,081)
mainly Stocks and contracts (-€257,752) and Trade debts (-€136,118)
- Financial fixed assets -€67,618
down €67,618 (-92.1%), from €73,443 to €5,825
- Trade debts -€136,118
down €136,118 (-23.6%), from €576,661 to €440,543
- Debts after one year +€108,728
up €108,728 (+447%), from €24,316 to €133,044
- Reserves +€107,399
up €107,399 (+8,483%), from €1,266 to €108,665
of which Tax-exempt reserves: +€107,399
- Short-term financial debts +€49,658
new in 2024: €49,658
of which Other loans: +€45,933
- Current portion of long-term debt +€39,741
up €39,741 (+145%), from €27,442 to €67,182
- Gross operating margin +€520,632
up €520,632 (+85.5%), from €608,979 to €1.1m
- Staff costs +€83,513
up €83,513 (+11.1%), from €754,772 to €838,284
- Financial income -€59,868
down €59,868 (-98.9%), from €60,536 to €667
- Other operating charges -€16,891
down €16,891 (-20.9%), from €80,917 to €64,026
- Depreciation -€11,383
down €11,383 (-11.4%), from €100,185 to €88,802
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 | €1,267,222 | €1,464,254 | +€197,032 | +15.5% |
| Fixed assets | 21/28 | €225,798 | €242,552 | +€16,754 | +7.4% |
| Intangible fixed assets | 21 | €123,806 | €203,996 | +€80,190 | +64.8% |
| Tangible fixed assets | 22/27 | €28,548 | €32,731 | +€4,182 | +14.6% |
| Plant, machinery and equipment | 23 | €27,681 | €24,654 | -€3,027 | -10.9% |
| Furniture and vehicles | 24 | €867 | €594 | -€273 | -31.5% |
| Leasing and similar rights | 25 | - | €7,482 | +€7,482 | |
| Financial fixed assets | 28 | €73,443 | €5,825 | -€67,618 | -92.1% |
| Current assets | 29/58 | €1,041,424 | €1,221,702 | +€180,278 | +17.3% |
| Stocks and contracts in progress | 3 | €445,817 | €703,569 | +€257,752 | +57.8% |
| Stocks | 30/36 | €445,817 | €703,569 | +€257,752 | +57.8% |
| Amounts receivable within one year | 40/41 | €524,333 | €518,133 | -€6,200 | -1.2% |
| Trade receivables | 40 | €399,760 | €443,540 | +€43,780 | +11.0% |
| Other amounts receivable | 41 | €124,572 | €74,592 | -€49,980 | -40.1% |
| Cash at bank and in hand | 54/58 | €69,081 | - | -€69,081 | |
| Deferred charges and accrued income | 490/1 | €2,193 | - | -€2,193 | |
| Total equity and liabilities | 10/49 | €1,267,222 | €1,464,254 | +€197,032 | +15.5% |
| Equity | 10/15 | €484,095 | €598,317 | +€114,222 | +23.6% |
| Contributions | 10/11 | €739,018 | €739,018 | = | 0.0% |
| Capital | 10 | €617,425 | €617,425 | = | 0.0% |
| Issued capital | 100 | €617,425 | €617,425 | = | 0.0% |
| Contributions outside capital | 11 | €121,593 | €121,593 | = | 0.0% |
| Share premium | 1100/10 | €121,593 | €121,593 | = | 0.0% |
| Reserves | 13 | €1,266 | €108,665 | +€107,399 | +8,483% |
| Non-distributable reserves | 130/1 | €1,266 | €1,266 | = | 0.0% |
| Legal reserve | 130 | €1,266 | €1,266 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €107,399 | +€107,399 | |
| Profit (loss) carried forward | 14 | -€260,009 | -€249,366 | +€10,643 | +4.1% |
| Investment grants | 15 | €3,820 | - | -€3,820 | |
| Amounts payable | 17/49 | €783,126 | €865,937 | +€82,810 | +10.6% |
| Amounts payable after more than one year | 17 | €24,316 | €133,044 | +€108,728 | +447% |
| Financial debts | 170/4 | €24,316 | €133,044 | +€108,728 | +447% |
| Amounts payable within one year | 42/48 | €758,811 | €724,092 | -€34,718 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €27,442 | €67,182 | +€39,741 | +145% |
| Financial debts | 43 | - | €49,658 | +€49,658 | |
| Credit institutions | 430/8 | - | €3,725 | +€3,725 | |
| Other loans | 439 | - | €45,933 | +€45,933 | |
| Trade debts | 44 | €576,661 | €440,543 | -€136,118 | -23.6% |
| Suppliers | 440/4 | €576,661 | €440,543 | -€136,118 | -23.6% |
| Taxes, remuneration and social security | 45 | €95,763 | €134,950 | +€39,187 | +40.9% |
| Taxes | 450/3 | €32 | €22,092 | +€22,061 | +70,034% |
| Remuneration and social security | 454/9 | €95,732 | €112,858 | +€17,126 | +17.9% |
| Other amounts payable | 47/48 | €58,945 | €31,758 | -€27,186 | -46.1% |
| Accrued charges and deferred income | 492/3 | - | €8,801 | +€8,801 | |
| Non-recurring operating income | 76A | €28,845 | - | -€28,845 | |
| Remuneration, social security and pensions | 62 | €754,772 | €838,284 | +€83,513 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,185 | €88,802 | -€11,383 | -11.4% |
| Other operating charges | 640/8 | €80,917 | €64,026 | -€16,891 | -20.9% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €608,979 | €1,129,612 | +€520,632 | +85.5% |
| Operating profit (loss) | 9901 | -€326,995 | €138,499 | +€465,494 | |
| Financial income | 75/76B | €60,536 | €667 | -€59,868 | -98.9% |
| Recurring financial income | 75 | €60,536 | €667 | -€59,868 | -98.9% |
| Financial charges | 65/66B | €17,604 | €19,125 | +€1,520 | +8.6% |
| Recurring financial charges | 65 | €16,839 | €19,125 | +€2,286 | +13.6% |
| Non-recurring financial charges | 66B | €766 | - | -€766 | |
| Profit (loss) for the period before taxes | 9903 | -€284,064 | €120,042 | +€404,106 | |
| Income taxes | 67/77 | - | €2,000 | +€2,000 | |
| Profit (loss) for the period | 9904 | -€284,064 | €118,042 | +€402,106 | |
| Transfer from tax-exempt reserves | 789 | - | €6,110 | +€6,110 | |
| Transfer to tax-exempt reserves | 689 | - | €113,509 | +€113,509 | |
| Profit (loss) for the period to be appropriated | 9905 | -€284,064 | €10,643 | +€294,707 |
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 28 October 2026 via checked.be.