The South: what changed
The South
Largest movements
- Receivables within one year +€53,519
up €53,519 (+449%), from €11,916 to €65,435
- Cash +€27,468
up €27,468 (+355%), from €7,745 to €35,214
mainly Net result for the year (+€60,145) and Tax, wage and social debts (+€18,071)
- Tangible fixed assets +€5,277
up €5,277 (+56.7%), from €9,304 to €14,581
- Stocks and contracts +€2,859
new in 2024: €2,859
- Profit (loss) carried forward +€60,145
up €60,145 (+307%), from €19,569 to €79,714
- Tax, wage and social debts +€18,071
up €18,071 (+259%), from €6,969 to €25,041
- Trade debts +€10,907
up €10,907 (+449%), from €2,427 to €13,334
- Gross operating margin +€126,830
up €126,830 (+3,872%), from €3,275 to €130,105
- Staff costs +€45,761
new in 2024: €45,761
- Taxes +€19,206
new in 2024: €19,206
- Financial income +€1,882
up €1,882 (+340%), from €553 to €2,435
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,965 | €118,089 | +€89,124 | +308% |
| Fixed assets | 21/28 | €9,304 | €14,581 | +€5,277 | +56.7% |
| Tangible fixed assets | 22/27 | €9,304 | €14,581 | +€5,277 | +56.7% |
| Plant, machinery and equipment | 23 | €9,304 | €14,581 | +€5,277 | +56.7% |
| Current assets | 29/58 | €19,661 | €103,507 | +€83,846 | +426% |
| Stocks and contracts in progress | 3 | - | €2,859 | +€2,859 | |
| Stocks | 30/36 | - | €2,859 | +€2,859 | |
| Amounts receivable within one year | 40/41 | €11,916 | €65,435 | +€53,519 | +449% |
| Other amounts receivable | 41 | €11,916 | €65,435 | +€53,519 | +449% |
| Cash at bank and in hand | 54/58 | €7,745 | €35,214 | +€27,468 | +355% |
| Total equity and liabilities | 10/49 | €28,965 | €118,089 | +€89,124 | +308% |
| Equity | 10/15 | €19,569 | €79,714 | +€60,145 | +307% |
| Profit (loss) carried forward | 14 | €19,569 | €79,714 | +€60,145 | +307% |
| Amounts payable | 17/49 | €9,396 | €38,375 | +€28,979 | +308% |
| Amounts payable within one year | 42/48 | €9,396 | €38,375 | +€28,979 | +308% |
| Trade debts | 44 | €2,427 | €13,334 | +€10,907 | +449% |
| Suppliers | 440/4 | €2,427 | €13,334 | +€10,907 | +449% |
| Taxes, remuneration and social security | 45 | €6,969 | €25,041 | +€18,071 | +259% |
| Taxes | 450/3 | €6,969 | €25,041 | +€18,071 | +259% |
| Remuneration, social security and pensions | 62 | - | €45,761 | +€45,761 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,659 | €3,690 | +€1,031 | +38.8% |
| Other operating charges | 640/8 | €2,921 | €3,175 | +€254 | +8.7% |
| Gross operating margin | 9900 | €3,275 | €130,105 | +€126,830 | +3,872% |
| Operating profit (loss) | 9901 | -€2,305 | €77,479 | +€79,784 | |
| Financial income | 75/76B | €553 | €2,435 | +€1,882 | +340% |
| Recurring financial income | 75 | €553 | €2,435 | +€1,882 | +340% |
| Financial charges | 65/66B | €860 | €563 | -€298 | -34.6% |
| Recurring financial charges | 65 | €860 | €563 | -€298 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,612 | €79,351 | +€81,963 | |
| Income taxes | 67/77 | - | €19,206 | +€19,206 | |
| Profit (loss) for the period | 9904 | -€2,612 | €60,145 | +€62,757 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,612 | €60,145 | +€62,757 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.