Trends Master: what changed
Two fiscal 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.
Trends Master
Largest movements
- Tangible fixed assets +€326,980
up €326,980 (+167.0%), from €195,831 to €522,811
of which Land and buildings: +€327,936
- Cash +€99,220
up €99,220 (+2295.5%), from €4,322 to €103,542
mainly Debts after one year (+€204,968) and Contributions, distributions and other (+€163,807)
- Receivables within one year -€30,661
down €30,661 (-41.0%), from €74,843 to €44,182
of which Other amounts receivable: -€29,470
- Debts after one year +€204,968
up €204,968 (+90.9%), from €225,364 to €430,332
of which Financial debts: +€204,968
- Reserves +€163,807
up €163,807 (+8190.4%), from €2,000 to €165,807
of which Tax-exempt reserves: +€163,807
- Provisions +€54,602
new in 2024: €54,602
- Other debts -€11,883
down €11,883 (-82.3%), from €14,444 to €2,560
- Trade debts +€11,794
up €11,794 (+177.5%), from €6,644 to €18,437
- Gross operating margin +€182,052
up €182,052 (+221.3%), from €82,262 to €264,314
- Depreciation +€61,317
up €61,317 (+270.4%), from €22,680 to €83,997
- Financial income +€59,468
up €59,468 (+8146271.2%), from €1 to €59,469
- Financial charges +€14,476
up €14,476 (+151.7%), from €9,545 to €24,021
- Taxes -€12,721
down €12,721 (-96.9%), from €13,123 to €402
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.
Cash bridge derived
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 | €361,627 | €766,394 | +€404,767 | +111.9% |
| Fixed assets | 21/28 | €263,356 | €586,596 | +€323,240 | +122.7% |
| Tangible fixed assets | 22/27 | €195,831 | €522,811 | +€326,980 | +167.0% |
| Land and buildings | 22 | €140,840 | €468,775 | +€327,936 | +232.8% |
| Furniture and vehicles | 24 | €54,992 | €54,036 | -€956 | -1.7% |
| Financial fixed assets | 28 | €67,525 | €63,785 | -€3,740 | -5.5% |
| Current assets | 29/58 | €98,271 | €179,798 | +€81,527 | +83.0% |
| Amounts receivable after more than one year | 29 | €17,500 | €23,500 | +€6,000 | +34.3% |
| Trade receivables | 290 | €17,500 | €23,500 | +€6,000 | +34.3% |
| Amounts receivable within one year | 40/41 | €74,843 | €44,182 | -€30,661 | -41.0% |
| Trade receivables | 40 | €14,599 | €13,407 | -€1,191 | -8.2% |
| Other amounts receivable | 41 | €60,245 | €30,774 | -€29,470 | -48.9% |
| Cash at bank and in hand | 54/58 | €4,322 | €103,542 | +€99,220 | +2295.5% |
| Deferred charges and accrued income | 490/1 | €1,605 | €8,574 | +€6,969 | +434.1% |
| Total equity and liabilities | 10/49 | €361,627 | €766,394 | +€404,767 | +111.9% |
| Equity | 10/15 | €47,298 | €205,665 | +€158,368 | +334.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €165,807 | +€163,807 | +8190.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | - | €163,807 | +€163,807 | |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,298 | €19,858 | -€5,440 | -21.5% |
| Provisions and deferred taxes | 16 | - | €54,602 | +€54,602 | |
| Deferred taxes | 168 | - | €54,602 | +€54,602 | |
| Amounts payable | 17/49 | €314,329 | €506,126 | +€191,797 | +61.0% |
| Amounts payable after more than one year | 17 | €225,364 | €430,332 | +€204,968 | +90.9% |
| Financial debts | 170/4 | €203,644 | €408,612 | +€204,968 | +100.7% |
| Other amounts payable | 178/9 | €21,720 | €21,720 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,763 | €74,940 | -€13,823 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €23,761 | €24,612 | +€851 | +3.6% |
| Financial debts | 43 | €1,900 | €6,440 | +€4,539 | +238.9% |
| Credit institutions | 430/8 | €1,900 | €6,440 | +€4,539 | +238.9% |
| Trade debts | 44 | €6,644 | €18,437 | +€11,794 | +177.5% |
| Suppliers | 440/4 | €6,644 | €18,437 | +€11,794 | +177.5% |
| Advances received on contracts in progress | 46 | €13,749 | €3,749 | -€10,000 | -72.7% |
| Taxes, remuneration and social security | 45 | €28,265 | €19,141 | -€9,124 | -32.3% |
| Taxes | 450/3 | €28,265 | €19,141 | -€9,124 | -32.3% |
| Other amounts payable | 47/48 | €14,444 | €2,560 | -€11,883 | -82.3% |
| Accrued charges and deferred income | 492/3 | €202 | €854 | +€652 | +321.9% |
| Non-recurring operating income | 76A | - | €238,007 | +€238,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,680 | €83,997 | +€61,317 | +270.4% |
| Other operating charges | 640/8 | €7,355 | €2,392 | -€4,963 | -67.5% |
| Gross operating margin | 9900 | €82,262 | €264,314 | +€182,052 | +221.3% |
| Operating profit (loss) | 9901 | €52,227 | €177,924 | +€125,698 | +240.7% |
| Financial income | 75/76B | €1 | €59,469 | +€59,468 | +8146271.2% |
| Recurring financial income | 75 | €1 | €59,469 | +€59,468 | +8146271.2% |
| Financial charges | 65/66B | €9,545 | €24,021 | +€14,476 | +151.7% |
| Recurring financial charges | 65 | €9,545 | €24,021 | +€14,476 | +151.7% |
| Profit (loss) for the period before taxes | 9903 | €42,683 | €213,372 | +€170,689 | +399.9% |
| Transfer from deferred taxes | 780 | - | €19,597 | +€19,597 | |
| Transfer to deferred taxes | 680 | - | €238,007 | +€238,007 | |
| Income taxes | 67/77 | €13,123 | €402 | -€12,721 | -96.9% |
| Profit (loss) for the period | 9904 | €29,560 | -€5,440 | -€34,999 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,560 | -€5,440 | -€34,999 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.