TO BE AWARE: 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.
TO BE AWARE
Largest movements
- Tangible fixed assets -€16,301
down €16,301 (-8.6%), from €188,964 to €172,662
- Cash -€13,819
down €13,819 (-19.0%), from €72,742 to €58,923
mainly Net result for the year (-€23,585) and Other debts (-€15,329)
- Deferred charges and accrued income -€3,484
down €3,484 (-56.2%), from €6,205 to €2,720
- Profit (loss) carried forward -€23,585
down €23,585 (-614%), from -€3,841 to -€27,425
- Trade debts +€19,636
up €19,636 (+80.5%), from €24,385 to €44,021
- Other debts -€15,329
down €15,329 (-19.3%), from €79,494 to €64,165
- Debts after one year -€7,912
down €7,912 (-5.7%), from €139,395 to €131,483
- Tax, wage and social debts -€6,126
down €6,126 (-38.0%), from €16,112 to €9,987
of which Remuneration and social security: -€8,107
- Other operating charges -€9,959
down €9,959 (-68.9%), from €14,450 to €4,492
- Gross operating margin +€5,708
up €5,708 (+7.3%), from €78,688 to €84,396
- Staff costs +€2,927
up €2,927 (+3.7%), from €79,123 to €82,049
- Depreciation -€1,707
down €1,707 (-13.3%), from €12,866 to €11,159
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.
Derived cash bridge
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 | €278,991 | €243,387 | -€35,604 | -12.8% |
| Fixed assets | 21/28 | €191,234 | €174,879 | -€16,356 | -8.6% |
| Intangible fixed assets | 21 | €120 | €66 | -€54 | -45.0% |
| Tangible fixed assets | 22/27 | €188,964 | €172,662 | -€16,301 | -8.6% |
| Land and buildings | 22 | €172,414 | €164,363 | -€8,051 | -4.7% |
| Plant, machinery and equipment | 23 | €1,014 | €905 | -€110 | -10.8% |
| Furniture and vehicles | 24 | €9,253 | €6,867 | -€2,386 | -25.8% |
| Other tangible fixed assets | 26 | €6,283 | €528 | -€5,755 | -91.6% |
| Financial fixed assets | 28 | €2,150 | €2,150 | = | 0.0% |
| Current assets | 29/58 | €87,756 | €68,508 | -€19,248 | -21.9% |
| Stocks and contracts in progress | 3 | €3,262 | €2,337 | -€925 | -28.4% |
| Stocks | 30/36 | €3,262 | €2,337 | -€925 | -28.4% |
| Amounts receivable within one year | 40/41 | €5,548 | €4,529 | -€1,019 | -18.4% |
| Trade receivables | 40 | €4,495 | €4,033 | -€462 | -10.3% |
| Other amounts receivable | 41 | €1,053 | €496 | -€557 | -52.9% |
| Cash at bank and in hand | 54/58 | €72,742 | €58,923 | -€13,819 | -19.0% |
| Deferred charges and accrued income | 490/1 | €6,205 | €2,720 | -€3,484 | -56.2% |
| Total equity and liabilities | 10/49 | €278,991 | €243,387 | -€35,604 | -12.8% |
| Equity | 10/15 | €4,219 | -€19,365 | -€23,585 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,841 | -€27,425 | -€23,585 | -614% |
| Amounts payable | 17/49 | €274,771 | €262,752 | -€12,019 | -4.4% |
| Amounts payable after more than one year | 17 | €139,395 | €131,483 | -€7,912 | -5.7% |
| Financial debts | 170/4 | €139,395 | €131,483 | -€7,912 | -5.7% |
| Amounts payable within one year | 42/48 | €129,254 | €126,085 | -€3,169 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €9,263 | €7,912 | -€1,350 | -14.6% |
| Trade debts | 44 | €24,385 | €44,021 | +€19,636 | +80.5% |
| Suppliers | 440/4 | €24,385 | €44,021 | +€19,636 | +80.5% |
| Taxes, remuneration and social security | 45 | €16,112 | €9,987 | -€6,126 | -38.0% |
| Taxes | 450/3 | €264 | €2,245 | +€1,981 | +750% |
| Remuneration and social security | 454/9 | €15,848 | €7,742 | -€8,107 | -51.2% |
| Other amounts payable | 47/48 | €79,494 | €64,165 | -€15,329 | -19.3% |
| Accrued charges and deferred income | 492/3 | €6,122 | €5,184 | -€938 | -15.3% |
| Remuneration, social security and pensions | 62 | €79,123 | €82,049 | +€2,927 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,866 | €11,159 | -€1,707 | -13.3% |
| Other operating charges | 640/8 | €14,450 | €4,492 | -€9,959 | -68.9% |
| Gross operating margin | 9900 | €78,688 | €84,396 | +€5,708 | +7.3% |
| Operating profit (loss) | 9901 | -€27,751 | -€13,303 | +€14,447 | +52.1% |
| Financial income | 75/76B | €45 | €251 | +€206 | +460% |
| Recurring financial income | 75 | €45 | €251 | +€206 | +460% |
| Financial charges | 65/66B | €10,553 | €10,532 | -€20 | -0.2% |
| Recurring financial charges | 65 | €8,469 | €9,606 | +€1,137 | +13.4% |
| Non-recurring financial charges | 66B | €2,084 | €926 | -€1,157 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | -€38,259 | -€23,585 | +€14,674 | +38.4% |
| Profit (loss) for the period | 9904 | -€38,259 | -€23,585 | +€14,674 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,259 | -€23,585 | +€14,674 | +38.4% |
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 23 October 2026 via checked.be.