TOC TOC TOC: 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.
TOC TOC TOC
Largest movements
- Receivables after one year +€145,787
up €145,787 (+47.9%), from €304,596 to €450,382
of which Other amounts receivable: +€227,986
- Deferred charges and accrued income -€96,264
down €96,264 (-67.8%), from €142,020 to €45,756
- Cash -€33,793
down €33,793 (-99.0%), from €34,120 to €327
mainly Receivables after one year (-€145,787) and Other debts (-€51,106)
- Receivables within one year -€6,135
down €6,135 (-6.9%), from €89,297 to €83,162
of which Other amounts receivable: -€26,465
- Tax, wage and social debts +€69,081
up €69,081 (+9,356%), from €738 to €69,820
- Profit (loss) carried forward +€59,473
up €59,473 (+15.6%), from €381,130 to €440,603
- Other debts -€51,106
no longer reported in 2024 (was €51,106)
- Trade debts -€50,488
no longer reported in 2024 (was €50,488)
of which Suppliers: -€50,229
- Current portion of long-term debt -€19,007
down €19,007 (-93.9%), from €20,249 to €1,242
- Gross operating margin -€68,763
down €68,763 (-32.3%), from €213,044 to €144,282
- Other operating charges +€50,299
up €50,299 (+1,566%), from €3,212 to €53,512
- Taxes +€28,158
up €28,158 (+131%), from €21,527 to €49,685
- Financial income +€26,493
new in 2024: €26,493
- Depreciation -€11,701
down €11,701 (-87.7%), from €13,343 to €1,642
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 | €578,227 | €586,180 | +€7,953 | +1.4% |
| Fixed assets | 21/28 | €8,111 | €6,470 | -€1,642 | -20.2% |
| Tangible fixed assets | 22/27 | €8,111 | €6,470 | -€1,642 | -20.2% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €6,225 | €4,583 | -€1,642 | -26.4% |
| Leasing and similar rights | 25 | €1,887 | €1,887 | = | 0.0% |
| Current assets | 29/58 | €570,115 | €579,710 | +€9,595 | +1.7% |
| Amounts receivable after more than one year | 29 | €304,596 | €450,382 | +€145,787 | +47.9% |
| Trade receivables | 290 | €82,200 | - | -€82,200 | |
| Other amounts receivable | 291 | €222,396 | €450,382 | +€227,986 | +103% |
| Stocks and contracts in progress | 3 | €83 | €83 | = | 0.0% |
| Stocks | 30/36 | €83 | €83 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €89,297 | €83,162 | -€6,135 | -6.9% |
| Trade receivables | 40 | €9,199 | €29,528 | +€20,330 | +221% |
| Other amounts receivable | 41 | €80,099 | €53,634 | -€26,465 | -33.0% |
| Cash at bank and in hand | 54/58 | €34,120 | €327 | -€33,793 | -99.0% |
| Deferred charges and accrued income | 490/1 | €142,020 | €45,756 | -€96,264 | -67.8% |
| Total equity and liabilities | 10/49 | €578,227 | €586,180 | +€7,953 | +1.4% |
| Equity | 10/15 | €395,390 | €454,863 | +€59,473 | +15.0% |
| Contributions | 10/11 | €12,400 | €14,260 | +€1,860 | +15.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €381,130 | €440,603 | +€59,473 | +15.6% |
| Amounts payable | 17/49 | €182,836 | €131,316 | -€51,520 | -28.2% |
| Amounts payable after more than one year | 17 | €60,255 | €60,255 | = | 0.0% |
| Financial debts | 170/4 | €60,255 | €60,255 | = | 0.0% |
| Amounts payable within one year | 42/48 | €122,581 | €71,061 | -€51,520 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €20,249 | €1,242 | -€19,007 | -93.9% |
| Trade debts | 44 | €50,488 | - | -€50,488 | |
| Suppliers | 440/4 | €50,229 | - | -€50,229 | |
| Bills of exchange payable | 441 | €258 | - | -€258 | |
| Taxes, remuneration and social security | 45 | €738 | €69,820 | +€69,081 | +9,356% |
| Taxes | 450/3 | €738 | €69,820 | +€69,081 | +9,356% |
| Other amounts payable | 47/48 | €51,106 | - | -€51,106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,343 | €1,642 | -€11,701 | -87.7% |
| Other operating charges | 640/8 | €3,212 | €53,512 | +€50,299 | +1,566% |
| Gross operating margin | 9900 | €213,044 | €144,282 | -€68,763 | -32.3% |
| Operating profit (loss) | 9901 | €196,489 | €89,128 | -€107,361 | -54.6% |
| Financial income | 75/76B | - | €26,493 | +€26,493 | |
| Recurring financial income | 75 | - | €26,493 | +€26,493 | |
| Financial charges | 65/66B | €6,535 | €6,463 | -€72 | -1.1% |
| Recurring financial charges | 65 | €6,535 | €6,463 | -€72 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €189,954 | €109,158 | -€80,796 | -42.5% |
| Income taxes | 67/77 | €21,527 | €49,685 | +€28,158 | +131% |
| Profit (loss) for the period | 9904 | €168,427 | €59,473 | -€108,954 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €168,427 | €59,473 | -€108,954 | -64.7% |
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 20 October 2026 via checked.be.