TRANSITIONS: 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.
TRANSITIONS
Largest movements
- Cash +€7,353
up €7,353 (+101%), from €7,268 to €14,621
mainly Other debts (+€44,125) and Net result for the year (+€20,472)
- Debts after one year -€56,997
down €56,997 (-15.9%), from €358,923 to €301,925
- Other debts +€44,125
up €44,125 (+46.4%), from €95,041 to €139,166
- Profit (loss) carried forward +€20,472
up €20,472 (+24.6%), from -€83,068 to -€62,596
- Depreciation +€5,585
up €5,585 (+38.1%), from €14,665 to €20,250
- Gross operating margin -€3,251
down €3,251 (-5.3%), from €61,570 to €58,319
- Financial charges -€1,864
down €1,864 (-11.7%), from €15,889 to €14,025
- Other operating charges +€677
up €677 (+24.1%), from €2,803 to €3,480
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 | €548,167 | €555,207 | +€7,040 | +1.3% |
| Fixed assets | 21/28 | €527,817 | €532,770 | +€4,953 | +0.9% |
| Tangible fixed assets | 22/27 | €527,817 | €532,770 | +€4,953 | +0.9% |
| Land and buildings | 22 | €486,173 | €473,681 | -€12,493 | -2.6% |
| Plant, machinery and equipment | 23 | €17,598 | €35,208 | +€17,610 | +100% |
| Furniture and vehicles | 24 | €24,045 | €23,881 | -€165 | -0.7% |
| Current assets | 29/58 | €20,350 | €22,438 | +€2,088 | +10.3% |
| Amounts receivable within one year | 40/41 | €11,717 | €6,585 | -€5,132 | -43.8% |
| Trade receivables | 40 | €11,714 | €1,900 | -€9,814 | -83.8% |
| Other amounts receivable | 41 | €3 | €4,685 | +€4,682 | +143,174% |
| Cash at bank and in hand | 54/58 | €7,268 | €14,621 | +€7,353 | +101% |
| Deferred charges and accrued income | 490/1 | €1,364 | €1,232 | -€133 | -9.7% |
| Total equity and liabilities | 10/49 | €548,167 | €555,207 | +€7,040 | +1.3% |
| Equity | 10/15 | €33,320 | €53,792 | +€20,472 | +61.4% |
| Contributions | 10/11 | €116,200 | €116,200 | = | 0.0% |
| Capital | 10 | €116,200 | €116,200 | = | 0.0% |
| Issued capital | 100 | €128,600 | €128,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €188 | €188 | = | 0.0% |
| Tax-exempt reserves | 132 | €188 | €188 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,068 | -€62,596 | +€20,472 | +24.6% |
| Amounts payable | 17/49 | €514,846 | €501,415 | -€13,431 | -2.6% |
| Amounts payable after more than one year | 17 | €358,923 | €301,925 | -€56,997 | -15.9% |
| Financial debts | 170/4 | €358,923 | €301,925 | -€56,997 | -15.9% |
| Amounts payable within one year | 42/48 | €155,860 | €199,424 | +€43,564 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €55,040 | €56,997 | +€1,958 | +3.6% |
| Trade debts | 44 | €660 | €3,168 | +€2,508 | +380% |
| Suppliers | 440/4 | €660 | €3,168 | +€2,508 | +380% |
| Taxes, remuneration and social security | 45 | €5,119 | €93 | -€5,026 | -98.2% |
| Taxes | 450/3 | €5,119 | €93 | -€5,026 | -98.2% |
| Other amounts payable | 47/48 | €95,041 | €139,166 | +€44,125 | +46.4% |
| Accrued charges and deferred income | 492/3 | €64 | €66 | +€2 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,665 | €20,250 | +€5,585 | +38.1% |
| Other operating charges | 640/8 | €2,803 | €3,480 | +€677 | +24.1% |
| Gross operating margin | 9900 | €61,570 | €58,319 | -€3,251 | -5.3% |
| Operating profit (loss) | 9901 | €44,102 | €34,589 | -€9,513 | -21.6% |
| Financial charges | 65/66B | €15,889 | €14,025 | -€1,864 | -11.7% |
| Recurring financial charges | 65 | €15,889 | €14,025 | -€1,864 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €28,213 | €20,564 | -€7,649 | -27.1% |
| Income taxes | 67/77 | €90 | €93 | +€3 | +2.9% |
| Profit (loss) for the period | 9904 | €28,123 | €20,472 | -€7,652 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,123 | €20,472 | -€7,652 | -27.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.