The Play: 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 Play
Largest movements
- Receivables within one year +€128,816
up €128,816 (+301.7%), from €42,701 to €171,516
of which Trade receivables: +€127,365
- Tangible fixed assets +€51,767
up €51,767 (+246.6%), from €20,995 to €72,762
of which Land and buildings: +€32,737
- Stocks and contracts +€18,463
up €18,463 (+2452.0%), from €753 to €19,216
- Cash +€11,862
up €11,862 (+130.1%), from €9,118 to €20,980
mainly Trade debts (+€155,261) and Other debts (+€41,540)
- Financial fixed assets +€10,942
up €10,942 (+3469.8%), from €315 to €11,258
- Trade debts +€155,261
new in 2024: €155,261
- Other debts +€41,540
up €41,540 (+442.5%), from €9,388 to €50,928
- Current portion of long-term debt +€11,938
new in 2024: €11,938
- Debts after one year +€10,460
new in 2024: €10,460
- Tax, wage and social debts +€8,150
up €8,150 (+16.3%), from €49,960 to €58,109
of which Remuneration and social security: +€26,055
- Purchases and services -€401,719
no longer reported in 2024 (was €401,719)
- Turnover -€399,922
no longer reported in 2024 (was €399,922)
- Gross operating margin +€211,598
up €211,598, from -€1,797 to €209,801
- Staff costs +€191,854
up €191,854 (+1393.0%), from €13,773 to €205,627
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 | €73,928 | €295,733 | +€221,805 | +300.0% |
| Fixed assets | 21/28 | €21,311 | €84,020 | +€62,709 | +294.3% |
| Tangible fixed assets | 22/27 | €20,995 | €72,762 | +€51,767 | +246.6% |
| Land and buildings | 22 | €15,830 | €48,566 | +€32,737 | +206.8% |
| Plant, machinery and equipment | 23 | €794 | €13,715 | +€12,921 | +1627.3% |
| Furniture and vehicles | 24 | €4,372 | €10,481 | +€6,109 | +139.7% |
| Financial fixed assets | 28 | €315 | €11,258 | +€10,942 | +3469.8% |
| Current assets | 29/58 | €52,617 | €211,713 | +€159,096 | +302.4% |
| Stocks and contracts in progress | 3 | €753 | €19,216 | +€18,463 | +2452.0% |
| Stocks | 30/36 | €753 | €19,216 | +€18,463 | +2452.0% |
| Amounts receivable within one year | 40/41 | €42,701 | €171,516 | +€128,816 | +301.7% |
| Trade receivables | 40 | €30,138 | €157,503 | +€127,365 | +422.6% |
| Other amounts receivable | 41 | €12,563 | €14,014 | +€1,451 | +11.6% |
| Cash at bank and in hand | 54/58 | €9,118 | €20,980 | +€11,862 | +130.1% |
| Deferred charges and accrued income | 490/1 | €45 | - | -€45 | |
| Total equity and liabilities | 10/49 | €73,928 | €295,733 | +€221,805 | +300.0% |
| Equity | 10/15 | €14,580 | €9,037 | -€5,543 | -38.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,020 | -€9,563 | -€5,543 | -137.9% |
| Amounts payable | 17/49 | €59,348 | €286,695 | +€227,348 | +383.1% |
| Amounts payable after more than one year | 17 | - | €10,460 | +€10,460 | |
| Financial debts | 170/4 | - | €10,460 | +€10,460 | |
| Amounts payable within one year | 42/48 | €59,348 | €276,236 | +€216,888 | +365.5% |
| Current portion of amounts payable after more than one year | 42 | - | €11,938 | +€11,938 | |
| Trade debts | 44 | - | €155,261 | +€155,261 | |
| Suppliers | 440/4 | - | €155,261 | +€155,261 | |
| Taxes, remuneration and social security | 45 | €49,960 | €58,109 | +€8,150 | +16.3% |
| Taxes | 450/3 | €49,960 | €32,055 | -€17,905 | -35.8% |
| Remuneration and social security | 454/9 | - | €26,055 | +€26,055 | |
| Other amounts payable | 47/48 | €9,388 | €50,928 | +€41,540 | +442.5% |
| Turnover | 70 | €399,922 | - | -€399,922 | |
| Goods, raw materials, services and sundry goods | 60/61 | €401,719 | - | -€401,719 | |
| Remuneration, social security and pensions | 62 | €13,773 | €205,627 | +€191,854 | +1393.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,155 | €4,792 | +€2,637 | +122.4% |
| Other operating charges | 640/8 | €3,764 | €2,356 | -€1,408 | -37.4% |
| Gross operating margin | 9900 | -€1,797 | €209,801 | +€211,598 | |
| Operating profit (loss) | 9901 | -€21,488 | -€2,974 | +€18,515 | +86.2% |
| Financial income | 75/76B | €0 | €68 | +€68 | +682000.0% |
| Recurring financial income | 75 | €0 | €68 | +€68 | +682000.0% |
| Financial charges | 65/66B | €379 | €2,755 | +€2,376 | +626.9% |
| Recurring financial charges | 65 | €379 | €2,755 | +€2,376 | +626.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,867 | -€5,660 | +€16,207 | +74.1% |
| Income taxes | 67/77 | - | -€118 | -€118 | |
| Profit (loss) for the period | 9904 | -€21,867 | -€5,543 | +€16,325 | +74.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,867 | -€5,543 | +€16,325 | +74.7% |
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 12 October 2026 via checked.be.