TWENTYONE: 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.
TWENTYONE
Largest movements
- Cash +€80,252
up €80,252 (+187%), from €42,964 to €123,216
mainly Other debts (+€63,580) and Depreciation (+€26,928)
- Stocks and contracts -€21,599
down €21,599 (-30.2%), from €71,589 to €49,991
- Tangible fixed assets -€20,865
down €20,865 (-21.7%), from €96,320 to €75,455
- Receivables within one year +€14,715
up €14,715 (+8.6%), from €170,152 to €184,867
of which Other amounts receivable: +€14,697
- Other debts +€63,580
up €63,580 (+69.4%), from €91,652 to €155,232
- Trade debts -€33,329
down €33,329 (-14.0%), from €238,395 to €205,066
- Profit (loss) carried forward +€13,057
up €13,057 (+68.0%), from -€19,195 to -€6,138
- Tax, wage and social debts +€9,195
up €9,195 (+16.2%), from €56,811 to €66,006
of which Taxes: +€8,444
- Staff costs +€59,026
up €59,026 (+16.1%), from €366,794 to €425,821
- Gross operating margin +€58,589
up €58,589 (+13.9%), from €422,878 to €481,468
- Financial income -€6,310
down €6,310 (-98.9%), from €6,380 to €70
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 | €398,339 | €450,843 | +€52,503 | +13.2% |
| Fixed assets | 21/28 | €96,500 | €75,635 | -€20,865 | -21.6% |
| Tangible fixed assets | 22/27 | €96,320 | €75,455 | -€20,865 | -21.7% |
| Land and buildings | 22 | €21,320 | €14,213 | -€7,107 | -33.3% |
| Plant, machinery and equipment | 23 | €24,487 | €14,880 | -€9,607 | -39.2% |
| Furniture and vehicles | 24 | €28,913 | €28,320 | -€592 | -2.0% |
| Other tangible fixed assets | 26 | €21,600 | €18,041 | -€3,559 | -16.5% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €301,840 | €375,208 | +€73,368 | +24.3% |
| Stocks and contracts in progress | 3 | €71,589 | €49,991 | -€21,599 | -30.2% |
| Stocks | 30/36 | €71,589 | €49,991 | -€21,599 | -30.2% |
| Amounts receivable within one year | 40/41 | €170,152 | €184,867 | +€14,715 | +8.6% |
| Trade receivables | 40 | €170,152 | €170,170 | +€18 | 0.0% |
| Other amounts receivable | 41 | - | €14,697 | +€14,697 | |
| Cash at bank and in hand | 54/58 | €42,964 | €123,216 | +€80,252 | +187% |
| Deferred charges and accrued income | 490/1 | €17,135 | €17,135 | = | 0.0% |
| Total equity and liabilities | 10/49 | €398,339 | €450,843 | +€52,503 | +13.2% |
| Equity | 10/15 | €1,265 | €14,322 | +€13,057 | +1,032% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,195 | -€6,138 | +€13,057 | +68.0% |
| Amounts payable | 17/49 | €397,074 | €436,521 | +€39,446 | +9.9% |
| Amounts payable within one year | 42/48 | €386,857 | €426,304 | +€39,446 | +10.2% |
| Trade debts | 44 | €238,395 | €205,066 | -€33,329 | -14.0% |
| Suppliers | 440/4 | €238,395 | €205,066 | -€33,329 | -14.0% |
| Taxes, remuneration and social security | 45 | €56,811 | €66,006 | +€9,195 | +16.2% |
| Taxes | 450/3 | €24,080 | €32,524 | +€8,444 | +35.1% |
| Remuneration and social security | 454/9 | €32,730 | €33,482 | +€752 | +2.3% |
| Other amounts payable | 47/48 | €91,652 | €155,232 | +€63,580 | +69.4% |
| Accrued charges and deferred income | 492/3 | €10,217 | €10,217 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €366,794 | €425,821 | +€59,026 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,791 | €26,928 | -€863 | -3.1% |
| Other operating charges | 640/8 | €6,317 | €8,381 | +€2,064 | +32.7% |
| Gross operating margin | 9900 | €422,878 | €481,468 | +€58,589 | +13.9% |
| Operating profit (loss) | 9901 | €21,976 | €20,338 | -€1,638 | -7.5% |
| Financial income | 75/76B | €6,380 | €70 | -€6,310 | -98.9% |
| Recurring financial income | 75 | €6,380 | €70 | -€6,310 | -98.9% |
| Financial charges | 65/66B | €7,022 | €7,351 | +€330 | +4.7% |
| Recurring financial charges | 65 | €7,022 | €7,351 | +€330 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €21,335 | €13,057 | -€8,278 | -38.8% |
| Income taxes | 67/77 | €205 | €1 | -€205 | -99.7% |
| Profit (loss) for the period | 9904 | €21,130 | €13,057 | -€8,073 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,130 | €13,057 | -€8,073 | -38.2% |
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 17 October 2026 via checked.be.