TRUE IT: 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.
TRUE IT
Largest movements
- Tangible fixed assets -€16,384
down €16,384 (-8.1%), from €201,103 to €184,719
of which Land and buildings: -€14,955
- Receivables within one year -€4,808
down €4,808 (-5.5%), from €87,057 to €82,249
of which Trade receivables: -€18,148
- Deferred charges and accrued income -€4,490
down €4,490 (-6.0%), from €74,379 to €69,889
- Other debts -€16,446
down €16,446 (-76.7%), from €21,432 to €4,986
- Debts after one year -€11,119
down €11,119 (-7.4%), from €149,537 to €138,418
- Trade debts +€10,337
up €10,337 (+31.7%), from €32,605 to €42,943
- Tax, wage and social debts -€6,392
down €6,392 (-24.9%), from €25,644 to €19,252
- Gross operating margin -€36,865
down €36,865 (-51.0%), from €72,295 to €35,430
- Other operating charges -€13,217
down €13,217 (-72.0%), from €18,369 to €5,152
- Taxes -€8,100
down €8,100 (-57.1%), from €14,182 to €6,082
- Financial income +€1,698
up €1,698 (+37.5%), from €4,534 to €6,232
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 | €427,501 | €406,038 | -€21,463 | -5.0% |
| Fixed assets | 21/28 | €201,203 | €184,819 | -€16,384 | -8.1% |
| Tangible fixed assets | 22/27 | €201,103 | €184,719 | -€16,384 | -8.1% |
| Land and buildings | 22 | €195,274 | €180,319 | -€14,955 | -7.7% |
| Furniture and vehicles | 24 | €5,829 | €4,400 | -€1,429 | -24.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €226,298 | €221,219 | -€5,079 | -2.2% |
| Amounts receivable after more than one year | 29 | €64,860 | €66,565 | +€1,706 | +2.6% |
| Trade receivables | 290 | €64,860 | €66,565 | +€1,706 | +2.6% |
| Amounts receivable within one year | 40/41 | €87,057 | €82,249 | -€4,808 | -5.5% |
| Trade receivables | 40 | €18,148 | €0 | -€18,148 | -100.0% |
| Other amounts receivable | 41 | €68,909 | €82,249 | +€13,340 | +19.4% |
| Cash at bank and in hand | 54/58 | €3 | €2,516 | +€2,513 | +92404.8% |
| Deferred charges and accrued income | 490/1 | €74,379 | €69,889 | -€4,490 | -6.0% |
| Total equity and liabilities | 10/49 | €427,501 | €406,038 | -€21,463 | -5.0% |
| Equity | 10/15 | €163,329 | €165,424 | +€2,096 | +1.3% |
| Contributions | 10/11 | €52,673 | €52,673 | = | 0.0% |
| Reserves | 13 | €110,656 | €112,751 | +€2,096 | +1.9% |
| Non-distributable reserves | 130/1 | €5,267 | €5,267 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,267 | €5,267 | = | 0.0% |
| Distributable reserves | 133 | €105,388 | €107,484 | +€2,096 | +2.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €264,172 | €240,613 | -€23,559 | -8.9% |
| Amounts payable after more than one year | 17 | €149,537 | €138,418 | -€11,119 | -7.4% |
| Financial debts | 170/4 | €149,537 | €138,418 | -€11,119 | -7.4% |
| Amounts payable within one year | 42/48 | €114,229 | €102,195 | -€12,033 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €10,925 | €11,119 | +€194 | +1.8% |
| Financial debts | 43 | €23,622 | €23,895 | +€273 | +1.2% |
| Credit institutions | 430/8 | €23,622 | €23,895 | +€273 | +1.2% |
| Trade debts | 44 | €32,605 | €42,943 | +€10,337 | +31.7% |
| Suppliers | 440/4 | €32,605 | €42,943 | +€10,337 | +31.7% |
| Taxes, remuneration and social security | 45 | €25,644 | €19,252 | -€6,392 | -24.9% |
| Taxes | 450/3 | €25,644 | €19,252 | -€6,392 | -24.9% |
| Other amounts payable | 47/48 | €21,432 | €4,986 | -€16,446 | -76.7% |
| Accrued charges and deferred income | 492/3 | €406 | €0 | -€406 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,583 | €16,384 | -€198 | -1.2% |
| Other operating charges | 640/8 | €18,369 | €5,152 | -€13,217 | -72.0% |
| Gross operating margin | 9900 | €72,295 | €35,430 | -€36,865 | -51.0% |
| Operating profit (loss) | 9901 | €37,344 | €13,894 | -€23,450 | -62.8% |
| Financial income | 75/76B | €4,534 | €6,232 | +€1,698 | +37.5% |
| Recurring financial income | 75 | €4,534 | €6,232 | +€1,698 | +37.5% |
| Financial charges | 65/66B | €6,455 | €6,963 | +€508 | +7.9% |
| Recurring financial charges | 65 | €6,455 | €6,963 | +€508 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €35,423 | €13,164 | -€22,260 | -62.8% |
| Income taxes | 67/77 | €14,182 | €6,082 | -€8,100 | -57.1% |
| Profit (loss) for the period | 9904 | €21,241 | €7,081 | -€14,159 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,241 | €7,081 | -€14,159 | -66.7% |
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 8 October 2026 via checked.be.