TECHNICAL TEAM: 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.
TECHNICAL TEAM
Largest movements
- Tangible fixed assets +€127,732
up €127,732 (+129.8%), from €98,406 to €226,138
of which Furniture and vehicles: +€120,403
- Receivables within one year +€53,303
up €53,303 (+56.5%), from €94,356 to €147,660
of which Trade receivables: +€51,777
- Cash -€9,653
down €9,653 (-53.5%), from €18,049 to €8,396
mainly Investment in fixed assets (net) (-€184,124) and Receivables within one year (-€53,303)
- Debts after one year +€98,096
up €98,096 (+429.0%), from €22,864 to €120,960
- Trade debts +€51,633
up €51,633 (+73.8%), from €70,007 to €121,640
- Current portion of long-term debt +€25,326
up €25,326 (+175.0%), from €14,471 to €39,797
- Profit (loss) carried forward -€23,185
new in 2024: -€23,185
- Tax, wage and social debts +€20,758
up €20,758 (+45.1%), from €46,034 to €66,792
of which Remuneration and social security: +€12,889
- Depreciation +€39,272
up €39,272 (+234.9%), from €16,720 to €55,992
- Staff costs +€32,842
up €32,842 (+33.7%), from €97,547 to €130,388
- Taxes -€17,315
no longer reported in 2024 (was €17,315)
- Gross operating margin -€12,510
down €12,510 (-6.6%), from €190,568 to €178,057
- Financial charges +€6,928
up €6,928 (+233.4%), from €2,969 to €9,896
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 | €212,715 | €384,643 | +€171,928 | +80.8% |
| Fixed assets | 21/28 | €98,406 | €226,538 | +€128,132 | +130.2% |
| Tangible fixed assets | 22/27 | €98,406 | €226,138 | +€127,732 | +129.8% |
| Plant, machinery and equipment | 23 | €61,698 | €69,027 | +€7,329 | +11.9% |
| Furniture and vehicles | 24 | €34,971 | €155,374 | +€120,403 | +344.3% |
| Other tangible fixed assets | 26 | €1,737 | €1,737 | = | 0.0% |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €114,309 | €158,105 | +€43,796 | +38.3% |
| Stocks and contracts in progress | 3 | €1,845 | €2,050 | +€206 | +11.1% |
| Stocks | 30/36 | €1,845 | €2,050 | +€206 | +11.1% |
| Amounts receivable within one year | 40/41 | €94,356 | €147,660 | +€53,303 | +56.5% |
| Trade receivables | 40 | €84,845 | €136,622 | +€51,777 | +61.0% |
| Other amounts receivable | 41 | €9,511 | €11,038 | +€1,527 | +16.1% |
| Cash at bank and in hand | 54/58 | €18,049 | €8,396 | -€9,653 | -53.5% |
| Deferred charges and accrued income | 490/1 | €59 | - | -€59 | |
| Total equity and liabilities | 10/49 | €212,715 | €384,643 | +€171,928 | +80.8% |
| Equity | 10/15 | €57,041 | €33,856 | -€23,185 | -40.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €53,041 | €53,041 | = | 0.0% |
| Distributable reserves | 133 | €53,041 | €53,041 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€23,185 | -€23,185 | |
| Amounts payable | 17/49 | €155,674 | €350,788 | +€195,114 | +125.3% |
| Amounts payable after more than one year | 17 | €22,864 | €120,960 | +€98,096 | +429.0% |
| Financial debts | 170/4 | €22,864 | €120,960 | +€98,096 | +429.0% |
| Amounts payable within one year | 42/48 | €132,810 | €229,758 | +€96,948 | +73.0% |
| Current portion of amounts payable after more than one year | 42 | €14,471 | €39,797 | +€25,326 | +175.0% |
| Trade debts | 44 | €70,007 | €121,640 | +€51,633 | +73.8% |
| Suppliers | 440/4 | €70,007 | €121,640 | +€51,633 | +73.8% |
| Taxes, remuneration and social security | 45 | €46,034 | €66,792 | +€20,758 | +45.1% |
| Taxes | 450/3 | €30,212 | €38,081 | +€7,869 | +26.0% |
| Remuneration and social security | 454/9 | €15,822 | €28,711 | +€12,889 | +81.5% |
| Other amounts payable | 47/48 | €2,298 | €1,529 | -€769 | -33.5% |
| Accrued charges and deferred income | 492/3 | - | €70 | +€70 | |
| Remuneration, social security and pensions | 62 | €97,547 | €130,388 | +€32,842 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,720 | €55,992 | +€39,272 | +234.9% |
| Other operating charges | 640/8 | €2,204 | €4,966 | +€2,762 | +125.3% |
| Gross operating margin | 9900 | €190,568 | €178,057 | -€12,510 | -6.6% |
| Operating profit (loss) | 9901 | €74,096 | -€13,289 | -€87,385 | |
| Financial income | 75/76B | €61 | €0 | -€61 | -99.9% |
| Recurring financial income | 75 | €61 | €0 | -€61 | -99.9% |
| Financial charges | 65/66B | €2,969 | €9,896 | +€6,928 | +233.4% |
| Recurring financial charges | 65 | €2,969 | €9,896 | +€6,928 | +233.4% |
| Profit (loss) for the period before taxes | 9903 | €71,189 | -€23,185 | -€94,374 | |
| Income taxes | 67/77 | €17,315 | - | -€17,315 | |
| Profit (loss) for the period | 9904 | €53,874 | -€23,185 | -€77,059 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,874 | -€23,185 | -€77,059 |
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.