TO BE TREE: 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 TREE
Largest movements
- Cash +€55,270
up €55,270 (+75.3%), from €73,364 to €128,634
mainly Depreciation (+€75,796) and Net result for the year (+€66,136)
- Tangible fixed assets -€28,619
down €28,619 (-21.8%), from €131,086 to €102,467
of which Leasing and similar rights: -€27,287
- Receivables within one year +€19,661
up €19,661 (+14.6%), from €134,500 to €154,162
of which Other amounts receivable: +€59,030
- Profit (loss) carried forward +€66,136
up €66,136, from -€54,532 to €11,605
- Debts after one year -€38,950
down €38,950 (-14.5%), from €268,278 to €229,328
of which Financial debts: -€20,075
- Tax, wage and social debts +€20,498
up €20,498 (+62.9%), from €32,575 to €53,073
of which Taxes: +€14,908
- Other debts -€10,153
no longer reported in 2024 (was €10,153)
- Trade debts +€4,601
up €4,601 (+13.2%), from €34,931 to €39,532
- Staff costs -€112,535
down €112,535 (-49.6%), from €226,820 to €114,285
- Gross operating margin -€33,588
down €33,588 (-10.8%), from €310,948 to €277,360
- Other operating charges -€19,438
down €19,438 (-71.3%), from €27,272 to €7,833
- Depreciation +€11,910
up €11,910 (+18.6%), from €63,886 to €75,796
- Taxes +€10,030
new in 2024: €10,030
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 | €338,951 | €385,263 | +€46,312 | +13.7% |
| Fixed assets | 21/28 | €131,086 | €102,467 | -€28,619 | -21.8% |
| Tangible fixed assets | 22/27 | €131,086 | €102,467 | -€28,619 | -21.8% |
| Plant, machinery and equipment | 23 | €57,549 | €46,473 | -€11,077 | -19.2% |
| Furniture and vehicles | 24 | €16,576 | €25,599 | +€9,022 | +54.4% |
| Leasing and similar rights | 25 | €55,130 | €27,843 | -€27,287 | -49.5% |
| Other tangible fixed assets | 26 | €1,831 | €2,553 | +€723 | +39.5% |
| Current assets | 29/58 | €207,864 | €282,795 | +€74,931 | +36.0% |
| Amounts receivable within one year | 40/41 | €134,500 | €154,162 | +€19,661 | +14.6% |
| Trade receivables | 40 | €130,944 | €91,576 | -€39,369 | -30.1% |
| Other amounts receivable | 41 | €3,556 | €62,586 | +€59,030 | +1,660% |
| Cash at bank and in hand | 54/58 | €73,364 | €128,634 | +€55,270 | +75.3% |
| Total equity and liabilities | 10/49 | €338,951 | €385,263 | +€46,312 | +13.7% |
| Equity | 10/15 | -€34,532 | €31,605 | +€66,136 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,532 | €11,605 | +€66,136 | |
| Amounts payable | 17/49 | €373,482 | €353,658 | -€19,824 | -5.3% |
| Amounts payable after more than one year | 17 | €268,278 | €229,328 | -€38,950 | -14.5% |
| Financial debts | 170/4 | €67,186 | €47,111 | -€20,075 | -29.9% |
| Other amounts payable | 178/9 | €201,093 | €182,218 | -€18,875 | -9.4% |
| Amounts payable within one year | 42/48 | €105,204 | €124,330 | +€19,126 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €27,359 | €31,725 | +€4,365 | +16.0% |
| Financial debts | 43 | €185 | - | -€185 | |
| Credit institutions | 430/8 | €185 | - | -€185 | |
| Trade debts | 44 | €34,931 | €39,532 | +€4,601 | +13.2% |
| Suppliers | 440/4 | €34,931 | €39,532 | +€4,601 | +13.2% |
| Taxes, remuneration and social security | 45 | €32,575 | €53,073 | +€20,498 | +62.9% |
| Taxes | 450/3 | €21,213 | €36,121 | +€14,908 | +70.3% |
| Remuneration and social security | 454/9 | €11,362 | €16,952 | +€5,590 | +49.2% |
| Other amounts payable | 47/48 | €10,153 | - | -€10,153 | |
| Remuneration, social security and pensions | 62 | €226,820 | €114,285 | -€112,535 | -49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,886 | €75,796 | +€11,910 | +18.6% |
| Other operating charges | 640/8 | €27,272 | €7,833 | -€19,438 | -71.3% |
| Gross operating margin | 9900 | €310,948 | €277,360 | -€33,588 | -10.8% |
| Operating profit (loss) | 9901 | -€7,030 | €79,446 | +€86,476 | |
| Financial income | 75/76B | €1,511 | €22 | -€1,489 | -98.6% |
| Recurring financial income | 75 | €1,511 | €22 | -€1,489 | -98.6% |
| Financial charges | 65/66B | €3,274 | €3,301 | +€27 | +0.8% |
| Recurring financial charges | 65 | €3,274 | €3,301 | +€27 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,794 | €76,166 | +€84,960 | |
| Income taxes | 67/77 | - | €10,030 | +€10,030 | |
| Profit (loss) for the period | 9904 | -€8,794 | €66,136 | +€74,930 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,794 | €66,136 | +€74,930 |
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 13 October 2026 via checked.be.