THE CUBE: 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.
THE CUBE
Largest movements
- Stocks and contracts +€1.5m
up €1.5m (+575.4%), from €264,790 to €1.8m
- Receivables within one year -€866,633
down €866,633 (-75.1%), from €1.2m to €287,531
of which Other amounts receivable: -€630,270
- Tangible fixed assets -€178,837
down €178,837 (-10.1%), from €1.8m to €1.6m
of which Land and buildings: -€186,684
- Cash +€89,557
up €89,557 (+133.0%), from €67,324 to €156,881
mainly Current portion of long-term debt (+€1.6m) and Receivables within one year (+€866,633)
- Deferred charges and accrued income +€81,808
up €81,808 (+36.3%), from €225,625 to €307,433
- Debts after one year -€1.8m
down €1.8m (-95.0%), from €1.9m to €93,371
- Current portion of long-term debt +€1.6m
up €1.6m (+1000.0%), from €159,996 to €1.8m
- Reserves +€272,940
up €272,940 (+31.4%), from €868,330 to €1.1m
- Trade debts +€196,015
up €196,015 (+49.2%), from €398,504 to €594,519
- Other debts +€189,113
up €189,113, from €0 to €189,113
- Turnover -€11.1m
no longer reported in 2024 (was €11.1m)
- Goods and materials -€10.5m
no longer reported in 2024 (was €10.5m)
of which Purchases: -€6.3m
- Gross operating margin +€664,350
new in 2024: €664,350
- Services and other goods -€640,464
no longer reported in 2024 (was €640,464)
- Other operating income -€619,044
no longer reported in 2024 (was €619,044)
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 | €3,486,495 | €4,136,107 | +€649,612 | +18.6% |
| Fixed assets | 21/28 | €1,774,591 | €1,595,754 | -€178,837 | -10.1% |
| Tangible fixed assets | 22/27 | €1,774,591 | €1,595,754 | -€178,837 | -10.1% |
| Land and buildings | 22 | €1,774,591 | €1,587,908 | -€186,684 | -10.5% |
| Furniture and vehicles | 24 | - | €7,846 | +€7,846 | |
| Current assets | 29/58 | €1,711,904 | €2,540,353 | +€828,449 | +48.4% |
| Stocks and contracts in progress | 3 | €264,790 | €1,788,508 | +€1.5m | +575.4% |
| Stocks | 30/36 | €264,790 | €1,788,508 | +€1.5m | +575.4% |
| Goods purchased for resale | 34 | €264,790 | - | -€264,790 | |
| Amounts receivable within one year | 40/41 | €1,154,165 | €287,531 | -€866,633 | -75.1% |
| Trade receivables | 40 | €523,894 | €287,531 | -€236,363 | -45.1% |
| Other amounts receivable | 41 | €630,270 | €0 | -€630,270 | -100.0% |
| Cash at bank and in hand | 54/58 | €67,324 | €156,881 | +€89,557 | +133.0% |
| Deferred charges and accrued income | 490/1 | €225,625 | €307,433 | +€81,808 | +36.3% |
| Total equity and liabilities | 10/49 | €3,486,495 | €4,136,107 | +€649,612 | +18.6% |
| Equity | 10/15 | €886,930 | €1,159,870 | +€272,940 | +30.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €868,330 | €1,141,270 | +€272,940 | +31.4% |
| Distributable reserves | 133 | €868,330 | €1,141,270 | +€272,940 | +31.4% |
| Amounts payable | 17/49 | €2,599,565 | €2,976,237 | +€376,672 | +14.5% |
| Amounts payable after more than one year | 17 | €1,853,367 | €93,371 | -€1.8m | -95.0% |
| Financial debts | 170/4 | €1,853,367 | €93,371 | -€1.8m | -95.0% |
| Credit institutions | 173 | €1,853,367 | - | -€1.9m | |
| Amounts payable within one year | 42/48 | €722,135 | €2,859,294 | +€2.1m | +295.9% |
| Current portion of amounts payable after more than one year | 42 | €159,996 | €1,759,996 | +€1.6m | +1000.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €398,504 | €594,519 | +€196,015 | +49.2% |
| Suppliers | 440/4 | €398,504 | €594,519 | +€196,015 | +49.2% |
| Taxes, remuneration and social security | 45 | €163,635 | €315,666 | +€152,031 | +92.9% |
| Taxes | 450/3 | €163,635 | €315,666 | +€152,031 | +92.9% |
| Other amounts payable | 47/48 | €0 | €189,113 | +€189,113 | |
| Accrued charges and deferred income | 492/3 | €24,063 | €23,572 | -€491 | -2.0% |
| Operating income | 70/76A | €11,706,597 | - | -€11.7m | |
| Turnover | 70 | €11,087,553 | - | -€11.1m | |
| Other operating income | 74 | €619,044 | - | -€619,044 | |
| Operating charges | 60/66A | €11,285,143 | - | -€11.3m | |
| Goods for resale, raw materials and consumables | 60 | €10,475,345 | - | -€10.5m | |
| Purchases | 600/8 | €6,297,239 | - | -€6.3m | |
| Change in stocks: decrease (increase) | 609 | €4,178,106 | - | -€4.2m | |
| Services and other goods | 61 | €640,464 | - | -€640,464 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,580 | €187,145 | -€4,435 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€73,932 | €0 | +€73,932 | |
| Other operating charges | 640/8 | €51,687 | €53,983 | +€2,297 | +4.4% |
| Gross operating margin | 9900 | - | €664,350 | +€664,350 | |
| Operating profit (loss) | 9901 | €421,454 | €423,222 | +€1,768 | +0.4% |
| Financial income | 75/76B | €270 | €8,231 | +€7,961 | +2947.4% |
| Recurring financial income | 75 | €270 | €8,231 | +€7,961 | +2947.4% |
| Income from current assets | 751 | €270 | - | -€270 | |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €78,964 | €46,539 | -€32,425 | -41.1% |
| Recurring financial charges | 65 | €78,964 | €46,539 | -€32,425 | -41.1% |
| Debt charges | 650 | €77,843 | - | -€77,843 | |
| Other financial charges | 652/9 | €1,120 | - | -€1,120 | |
| Profit (loss) for the period before taxes | 9903 | €342,761 | €384,914 | +€42,153 | +12.3% |
| Income taxes | 67/77 | €89,083 | €111,974 | +€22,891 | +25.7% |
| Taxes | 670/3 | €89,083 | - | -€89,083 | |
| Profit (loss) for the period | 9904 | €253,677 | €272,940 | +€19,263 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €253,677 | €272,940 | +€19,263 | +7.6% |
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 5 October 2026 via checked.be.