VISUAL BOOKS: 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.
VISUAL BOOKS
Largest movements
- Receivables within one year +€62,288
up €62,288 (+78.0%), from €79,878 to €142,166
of which Trade receivables: +€61,276
- Intangible fixed assets -€10,370
down €10,370 (-18.9%), from €54,824 to €44,454
- Deferred charges and accrued income +€8,223
up €8,223 (+3333.2%), from €247 to €8,470
- Cash -€5,213
down €5,213 (-45.1%), from €11,567 to €6,354
mainly Receivables within one year (-€62,288) and Net result for the year (-€27,020)
- Tangible fixed assets -€2,693
down €2,693 (-36.0%), from €7,485 to €4,792
of which Furniture and vehicles: -€2,047
- Trade debts +€57,412
up €57,412 (+384.0%), from €14,951 to €72,363
- Reserves -€27,000
down €27,000 (-53.4%), from €50,555 to €23,555
of which Distributable reserves: -€27,000
- Tax, wage and social debts +€26,400
up €26,400 (+54.6%), from €48,372 to €74,772
of which Taxes: +€18,378
- Other debts -€13,441
down €13,441 (-62.5%), from €21,510 to €8,069
- Short-term financial debts +€8,884
new in 2024: €8,884
- Gross operating margin -€27,858
down €27,858 (-14.7%), from €189,722 to €161,864
- Depreciation -€19,543
down €19,543 (-38.9%), from €50,207 to €30,664
- Staff costs +€11,327
up €11,327 (+7.8%), from €144,982 to €156,309
- Financial income +€5,580
up €5,580 (+36046.2%), from €15 to €5,595
- Other operating charges +€2,985
up €2,985 (+355.3%), from €840 to €3,825
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 | €154,001 | €206,236 | +€52,235 | +33.9% |
| Fixed assets | 21/28 | €62,310 | €49,246 | -€13,064 | -21.0% |
| Intangible fixed assets | 21 | €54,824 | €44,454 | -€10,370 | -18.9% |
| Tangible fixed assets | 22/27 | €7,485 | €4,792 | -€2,693 | -36.0% |
| Plant, machinery and equipment | 23 | €14 | - | -€14 | |
| Furniture and vehicles | 24 | €5,802 | €3,756 | -€2,047 | -35.3% |
| Other tangible fixed assets | 26 | €1,668 | €1,036 | -€632 | -37.9% |
| Current assets | 29/58 | €91,692 | €156,990 | +€65,298 | +71.2% |
| Amounts receivable within one year | 40/41 | €79,878 | €142,166 | +€62,288 | +78.0% |
| Trade receivables | 40 | €60,887 | €122,163 | +€61,276 | +100.6% |
| Other amounts receivable | 41 | €18,991 | €20,002 | +€1,012 | +5.3% |
| Cash at bank and in hand | 54/58 | €11,567 | €6,354 | -€5,213 | -45.1% |
| Deferred charges and accrued income | 490/1 | €247 | €8,470 | +€8,223 | +3333.2% |
| Total equity and liabilities | 10/49 | €154,001 | €206,236 | +€52,235 | +33.9% |
| Equity | 10/15 | €69,168 | €42,148 | -€27,020 | -39.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €50,555 | €23,555 | -€27,000 | -53.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €48,700 | €21,700 | -€27,000 | -55.4% |
| Profit (loss) carried forward | 14 | €63 | €43 | -€20 | -31.7% |
| Amounts payable | 17/49 | €84,833 | €164,088 | +€79,255 | +93.4% |
| Amounts payable within one year | 42/48 | €84,833 | €164,088 | +€79,255 | +93.4% |
| Financial debts | 43 | - | €8,884 | +€8,884 | |
| Credit institutions | 430/8 | - | €8,884 | +€8,884 | |
| Trade debts | 44 | €14,951 | €72,363 | +€57,412 | +384.0% |
| Suppliers | 440/4 | €14,951 | €72,363 | +€57,412 | +384.0% |
| Taxes, remuneration and social security | 45 | €48,372 | €74,772 | +€26,400 | +54.6% |
| Taxes | 450/3 | €21,715 | €40,093 | +€18,378 | +84.6% |
| Remuneration and social security | 454/9 | €26,657 | €34,679 | +€8,022 | +30.1% |
| Other amounts payable | 47/48 | €21,510 | €8,069 | -€13,441 | -62.5% |
| Remuneration, social security and pensions | 62 | €144,982 | €156,309 | +€11,327 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,207 | €30,664 | -€19,543 | -38.9% |
| Other operating charges | 640/8 | €840 | €3,825 | +€2,985 | +355.3% |
| Gross operating margin | 9900 | €189,722 | €161,864 | -€27,858 | -14.7% |
| Operating profit (loss) | 9901 | -€6,307 | -€28,933 | -€22,627 | -358.8% |
| Financial income | 75/76B | €15 | €5,595 | +€5,580 | +36046.2% |
| Recurring financial income | 75 | €15 | €5,595 | +€5,580 | +36046.2% |
| Financial charges | 65/66B | €1,941 | €3,682 | +€1,741 | +89.7% |
| Recurring financial charges | 65 | €1,941 | €3,682 | +€1,741 | +89.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,232 | -€27,020 | -€18,788 | -228.2% |
| Profit (loss) for the period | 9904 | -€8,232 | -€27,020 | -€18,788 | -228.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,232 | -€27,020 | -€18,788 | -228.2% |
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 3 October 2026 via checked.be.