The Binary One: 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.
The Binary One
Largest movements
- Tangible fixed assets +€367,261
up €367,261 (+302.8%), from €121,286 to €488,547
of which Other tangible fixed assets: +€281,962
- Cash -€113,029
down €113,029 (-83.0%), from €136,161 to €23,132
mainly Investment in fixed assets (net) (-€426,474) and Stocks and contracts (-€9,544)
- Stocks and contracts +€9,544
up €9,544 (+51.2%), from €18,623 to €28,167
- Debts after one year +€180,971
new in 2024: €180,971
- Other debts +€25,045
up €25,045 (+34.1%), from €73,455 to €98,500
- Trade debts +€23,491
up €23,491 (+648.4%), from €3,623 to €27,114
- Reserves +€18,486
up €18,486 (+7.6%), from €244,779 to €263,265
of which Distributable reserves: +€18,486
- Current portion of long-term debt +€6,385
up €6,385 (+114.9%), from €5,555 to €11,940
- Depreciation +€33,620
up €33,620 (+131.4%), from €25,593 to €59,213
- Gross operating margin +€29,402
up €29,402 (+40.7%), from €72,231 to €101,633
- Financial charges +€8,432
up €8,432 (+155.6%), from €5,418 to €13,850
- Taxes -€3,979
down €3,979 (-35.1%), from €11,326 to €7,347
- Other operating charges +€1,244
up €1,244 (+80.3%), from €1,549 to €2,793
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 | €355,210 | €615,439 | +€260,229 | +73.3% |
| Fixed assets | 21/28 | €121,286 | €488,547 | +€367,261 | +302.8% |
| Tangible fixed assets | 22/27 | €121,286 | €488,547 | +€367,261 | +302.8% |
| Land and buildings | 22 | €105,387 | €172,972 | +€67,585 | +64.1% |
| Plant, machinery and equipment | 23 | €11,614 | €29,401 | +€17,787 | +153.2% |
| Furniture and vehicles | 24 | €4,285 | €4,212 | -€73 | -1.7% |
| Other tangible fixed assets | 26 | - | €281,962 | +€281,962 | |
| Current assets | 29/58 | €233,924 | €126,892 | -€107,032 | -45.8% |
| Stocks and contracts in progress | 3 | €18,623 | €28,167 | +€9,544 | +51.2% |
| Stocks | 30/36 | €18,623 | €28,167 | +€9,544 | +51.2% |
| Amounts receivable within one year | 40/41 | €70,622 | €70,400 | -€222 | -0.3% |
| Trade receivables | 40 | €44,298 | €52,868 | +€8,570 | +19.3% |
| Other amounts receivable | 41 | €26,324 | €17,532 | -€8,792 | -33.4% |
| Cash at bank and in hand | 54/58 | €136,161 | €23,132 | -€113,029 | -83.0% |
| Deferred charges and accrued income | 490/1 | €8,518 | €5,193 | -€3,325 | -39.0% |
| Total equity and liabilities | 10/49 | €355,210 | €615,439 | +€260,229 | +73.3% |
| Equity | 10/15 | €257,179 | €275,665 | +€18,486 | +7.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €244,779 | €263,265 | +€18,486 | +7.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €242,919 | €261,405 | +€18,486 | +7.6% |
| Amounts payable | 17/49 | €98,031 | €339,774 | +€241,743 | +246.6% |
| Amounts payable after more than one year | 17 | - | €180,971 | +€180,971 | |
| Financial debts | 170/4 | - | €180,971 | +€180,971 | |
| Amounts payable within one year | 42/48 | €94,113 | €151,810 | +€57,697 | +61.3% |
| Current portion of amounts payable after more than one year | 42 | €5,555 | €11,940 | +€6,385 | +114.9% |
| Trade debts | 44 | €3,623 | €27,114 | +€23,491 | +648.4% |
| Suppliers | 440/4 | €3,623 | €27,114 | +€23,491 | +648.4% |
| Advances received on contracts in progress | 46 | €2,721 | €2,173 | -€548 | -20.1% |
| Taxes, remuneration and social security | 45 | €8,759 | €12,083 | +€3,324 | +37.9% |
| Taxes | 450/3 | €8,759 | €12,083 | +€3,324 | +37.9% |
| Other amounts payable | 47/48 | €73,455 | €98,500 | +€25,045 | +34.1% |
| Accrued charges and deferred income | 492/3 | €3,918 | €6,993 | +€3,075 | +78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,593 | €59,213 | +€33,620 | +131.4% |
| Other operating charges | 640/8 | €1,549 | €2,793 | +€1,244 | +80.3% |
| Gross operating margin | 9900 | €72,231 | €101,633 | +€29,402 | +40.7% |
| Operating profit (loss) | 9901 | €45,089 | €39,627 | -€5,462 | -12.1% |
| Financial income | 75/76B | €16 | €56 | +€40 | +250.0% |
| Recurring financial income | 75 | €16 | €56 | +€40 | +250.0% |
| Financial charges | 65/66B | €5,418 | €13,850 | +€8,432 | +155.6% |
| Recurring financial charges | 65 | €5,418 | €13,850 | +€8,432 | +155.6% |
| Profit (loss) for the period before taxes | 9903 | €39,687 | €25,833 | -€13,854 | -34.9% |
| Income taxes | 67/77 | €11,326 | €7,347 | -€3,979 | -35.1% |
| Profit (loss) for the period | 9904 | €28,361 | €18,486 | -€9,875 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,361 | €18,486 | -€9,875 | -34.8% |
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.