TRANSPARENCE: 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.
TRANSPARENCE
Largest movements
- Tangible fixed assets -€54,977
down €54,977 (-6.5%), from €840,155 to €785,178
- Cash -€12,109
down €12,109 (-53.0%), from €22,862 to €10,753
mainly Net result for the year (-€70,516) and Debts after one year (-€70,479)
- Profit (loss) carried forward -€70,516
down €70,516 (-108%), from -€65,329 to -€135,845
- Debts after one year -€70,479
down €70,479 (-10.7%), from €659,402 to €588,923
- Tax, wage and social debts +€44,461
up €44,461 (+178%), from €24,978 to €69,439
of which Remuneration and social security: +€26,788
- Trade debts +€38,323
up €38,323 (+50.6%), from €75,669 to €113,991
- Short-term financial debts -€15,740
down €15,740 (-62.6%), from €25,158 to €9,417
- Gross operating margin +€24,451
up €24,451 (+9.8%), from €250,323 to €274,774
- Other operating charges +€20,203
up €20,203 (+181%), from €11,157 to €31,360
- Staff costs +€19,739
up €19,739 (+11.8%), from €166,916 to €186,655
- Financial charges +€13,208
up €13,208 (+40.9%), from €32,311 to €45,519
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 | €886,841 | €827,455 | -€59,386 | -6.7% |
| Fixed assets | 21/28 | €840,457 | €785,178 | -€55,279 | -6.6% |
| Intangible fixed assets | 21 | €302 | - | -€302 | |
| Tangible fixed assets | 22/27 | €840,155 | €785,178 | -€54,977 | -6.5% |
| Land and buildings | 22 | €348,475 | €327,669 | -€20,806 | -6.0% |
| Plant, machinery and equipment | 23 | €256,146 | €237,046 | -€19,100 | -7.5% |
| Furniture and vehicles | 24 | €3,294 | €2,394 | -€900 | -27.3% |
| Leasing and similar rights | 25 | €232,240 | €218,069 | -€14,171 | -6.1% |
| Current assets | 29/58 | €46,384 | €42,277 | -€4,107 | -8.9% |
| Stocks and contracts in progress | 3 | €14,000 | €14,000 | = | 0.0% |
| Stocks | 30/36 | €14,000 | €14,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,009 | €17,222 | +€8,213 | +91.2% |
| Trade receivables | 40 | €7,776 | €17,222 | +€9,445 | +121% |
| Other amounts receivable | 41 | €1,232 | - | -€1,232 | |
| Cash at bank and in hand | 54/58 | €22,862 | €10,753 | -€12,109 | -53.0% |
| Deferred charges and accrued income | 490/1 | €514 | €303 | -€211 | -41.0% |
| Total equity and liabilities | 10/49 | €886,841 | €827,455 | -€59,386 | -6.7% |
| Equity | 10/15 | -€26,822 | -€97,338 | -€70,516 | -263% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €8,507 | €8,507 | = | 0.0% |
| Distributable reserves | 133 | €8,507 | €8,507 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,329 | -€135,845 | -€70,516 | -108% |
| Amounts payable | 17/49 | €913,664 | €924,793 | +€11,130 | +1.2% |
| Amounts payable after more than one year | 17 | €659,402 | €588,923 | -€70,479 | -10.7% |
| Financial debts | 170/4 | €659,402 | €588,923 | -€70,479 | -10.7% |
| Amounts payable within one year | 42/48 | €252,661 | €334,121 | +€81,459 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €107,844 | €123,241 | +€15,398 | +14.3% |
| Financial debts | 43 | €25,158 | €9,417 | -€15,740 | -62.6% |
| Credit institutions | 430/8 | €25,158 | €9,417 | -€15,740 | -62.6% |
| Trade debts | 44 | €75,669 | €113,991 | +€38,323 | +50.6% |
| Suppliers | 440/4 | €75,669 | €113,991 | +€38,323 | +50.6% |
| Taxes, remuneration and social security | 45 | €24,978 | €69,439 | +€44,461 | +178% |
| Taxes | 450/3 | €4,739 | €22,413 | +€17,673 | +373% |
| Remuneration and social security | 454/9 | €20,238 | €47,026 | +€26,788 | +132% |
| Other amounts payable | 47/48 | €19,014 | €18,032 | -€982 | -5.2% |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,750 | +€150 | +9.4% |
| Remuneration, social security and pensions | 62 | €166,916 | €186,655 | +€19,739 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,204 | €82,110 | -€2,094 | -2.5% |
| Other operating charges | 640/8 | €11,157 | €31,360 | +€20,203 | +181% |
| Gross operating margin | 9900 | €250,323 | €274,774 | +€24,451 | +9.8% |
| Operating profit (loss) | 9901 | -€11,954 | -€25,350 | -€13,397 | -112% |
| Financial income | 75/76B | €796 | €671 | -€125 | -15.7% |
| Recurring financial income | 75 | €796 | €671 | -€125 | -15.7% |
| Financial charges | 65/66B | €32,311 | €45,519 | +€13,208 | +40.9% |
| Recurring financial charges | 65 | €32,311 | €45,519 | +€13,208 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | -€43,469 | -€70,199 | -€26,730 | -61.5% |
| Income taxes | 67/77 | €324 | €317 | -€6 | -1.9% |
| Profit (loss) for the period | 9904 | -€43,793 | -€70,516 | -€26,723 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,793 | -€70,516 | -€26,723 | -61.0% |
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 26 October 2026 via checked.be.