THE ZONE: 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 ZONE
Largest movements
- Cash +€19,366
up €19,366 (+54.0%), from €35,888 to €55,254
mainly Net result for the year (+€68,836) and Depreciation (+€24,376)
- Tangible fixed assets -€7,710
down €7,710 (-6.8%), from €114,095 to €106,385
of which Other tangible fixed assets: -€13,387
- Receivables within one year +€7,036
up €7,036 (+5.9%), from €120,128 to €127,165
of which Trade receivables: +€6,920
- Profit (loss) carried forward +€68,836
up €68,836 (+28.9%), from -€238,596 to -€169,759
- Other debts -€48,074
down €48,074 (-13.3%), from €360,513 to €312,439
- Trade debts -€13,921
down €13,921 (-16.8%), from €82,916 to €68,995
- Tax, wage and social debts +€11,051
up €11,051 (+92.7%), from €11,921 to €22,972
of which Taxes: +€13,627
- Gross operating margin +€70,920
up €70,920 (+75.2%), from €94,288 to €165,208
- Taxes +€11,008
up €11,008 (+2449.2%), from €449 to €11,458
- Financial charges +€8,356
up €8,356 (+532.5%), from €1,569 to €9,925
of which Non-recurring financial charges: +€6,197
- Staff costs +€5,075
up €5,075 (+12.1%), from €41,946 to €47,021
- Other operating charges +€2,262
up €2,262 (+152.0%), from €1,487 to €3,749
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 | €280,178 | €298,071 | +€17,893 | +6.4% |
| Fixed assets | 21/28 | €117,015 | €109,305 | -€7,710 | -6.6% |
| Tangible fixed assets | 22/27 | €114,095 | €106,385 | -€7,710 | -6.8% |
| Plant, machinery and equipment | 23 | €13,984 | €24,304 | +€10,320 | +73.8% |
| Furniture and vehicles | 24 | €18,398 | €13,755 | -€4,643 | -25.2% |
| Other tangible fixed assets | 26 | €81,713 | €68,326 | -€13,387 | -16.4% |
| Financial fixed assets | 28 | €2,920 | €2,920 | = | 0.0% |
| Current assets | 29/58 | €163,163 | €188,766 | +€25,603 | +15.7% |
| Stocks and contracts in progress | 3 | €5,597 | €5,743 | +€146 | +2.6% |
| Stocks | 30/36 | €5,597 | €5,743 | +€146 | +2.6% |
| Amounts receivable within one year | 40/41 | €120,128 | €127,165 | +€7,036 | +5.9% |
| Trade receivables | 40 | €22,024 | €28,944 | +€6,920 | +31.4% |
| Other amounts receivable | 41 | €98,105 | €98,221 | +€116 | +0.1% |
| Cash at bank and in hand | 54/58 | €35,888 | €55,254 | +€19,366 | +54.0% |
| Deferred charges and accrued income | 490/1 | €1,550 | €604 | -€946 | -61.0% |
| Total equity and liabilities | 10/49 | €280,178 | €298,071 | +€17,893 | +6.4% |
| Equity | 10/15 | -€175,171 | -€106,335 | +€68,836 | +39.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,425 | €1,425 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,425 | €1,425 | = | 0.0% |
| Legal reserve | 130 | €1,425 | €1,425 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€238,596 | -€169,759 | +€68,836 | +28.9% |
| Amounts payable | 17/49 | €455,350 | €404,406 | -€50,944 | -11.2% |
| Amounts payable within one year | 42/48 | €455,350 | €404,406 | -€50,944 | -11.2% |
| Trade debts | 44 | €82,916 | €68,995 | -€13,921 | -16.8% |
| Suppliers | 440/4 | €82,916 | €68,995 | -€13,921 | -16.8% |
| Taxes, remuneration and social security | 45 | €11,921 | €22,972 | +€11,051 | +92.7% |
| Taxes | 450/3 | €3,200 | €16,827 | +€13,627 | +425.8% |
| Remuneration and social security | 454/9 | €8,721 | €6,145 | -€2,576 | -29.5% |
| Other amounts payable | 47/48 | €360,513 | €312,439 | -€48,074 | -13.3% |
| Non-recurring operating income | 76A | €1,589 | €1,961 | +€372 | +23.4% |
| Remuneration, social security and pensions | 62 | €41,946 | €47,021 | +€5,075 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,491 | €24,376 | -€115 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,487 | €3,749 | +€2,262 | +152.0% |
| Gross operating margin | 9900 | €94,288 | €165,208 | +€70,920 | +75.2% |
| Operating profit (loss) | 9901 | €26,363 | €90,061 | +€63,698 | +241.6% |
| Financial income | 75/76B | €3 | €158 | +€156 | +6156.1% |
| Recurring financial income | 75 | €3 | €158 | +€156 | +6156.1% |
| Financial charges | 65/66B | €1,569 | €9,925 | +€8,356 | +532.5% |
| Recurring financial charges | 65 | €1,569 | €3,729 | +€2,160 | +137.6% |
| Non-recurring financial charges | 66B | - | €6,197 | +€6,197 | |
| Profit (loss) for the period before taxes | 9903 | €24,797 | €80,294 | +€55,498 | +223.8% |
| Income taxes | 67/77 | €449 | €11,458 | +€11,008 | +2449.2% |
| Profit (loss) for the period | 9904 | €24,347 | €68,836 | +€44,489 | +182.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,347 | €68,836 | +€44,489 | +182.7% |
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.