Waves: 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.
Waves
Largest movements
- Cash +€53,212
up €53,212 (+52.9%), from €100,600 to €153,811
mainly Accrued charges and deferred income (+€55,971) and Depreciation (+€36,562)
- Tangible fixed assets +€11,684
up €11,684 (+5.0%), from €235,688 to €247,373
of which Land and buildings: +€19,483
- Receivables within one year +€8,801
up €8,801 (+84.1%), from €10,470 to €19,272
of which Other amounts receivable: +€17,578
- Accrued charges and deferred income +€55,971
up €55,971, from €0 to €55,971
- Debts after one year +€27,892
up €27,892 (+20.6%), from €135,643 to €163,534
- Profit (loss) carried forward -€14,688
down €14,688 (-58.7%), from €25,026 to €10,339
- Current portion of long-term debt +€6,803
up €6,803 (+14.5%), from €46,832 to €53,634
- Tax, wage and social debts -€5,321
down €5,321 (-21.8%), from €24,398 to €19,077
of which Taxes: -€14,085
- Staff costs +€80,403
up €80,403 (+301.3%), from €26,685 to €107,087
- Gross operating margin +€6,182
up €6,182 (+4.2%), from €148,112 to €154,293
- Depreciation +€3,913
up €3,913 (+12.0%), from €32,649 to €36,562
- Other operating charges +€2,519
up €2,519 (+13.4%), from €18,861 to €21,379
- Financial income +€1,762
up €1,762 (+2705.9%), from €65 to €1,827
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 | €355,422 | €429,861 | +€74,438 | +20.9% |
| Fixed assets | 21/28 | €242,400 | €253,302 | +€10,902 | +4.5% |
| Intangible fixed assets | 21 | €6,712 | €5,929 | -€783 | -11.7% |
| Tangible fixed assets | 22/27 | €235,688 | €247,373 | +€11,684 | +5.0% |
| Land and buildings | 22 | €119,386 | €138,869 | +€19,483 | +16.3% |
| Plant, machinery and equipment | 23 | €101,390 | €95,135 | -€6,254 | -6.2% |
| Furniture and vehicles | 24 | €14,913 | €13,369 | -€1,545 | -10.4% |
| Current assets | 29/58 | €113,022 | €176,559 | +€63,537 | +56.2% |
| Amounts receivable within one year | 40/41 | €10,470 | €19,272 | +€8,801 | +84.1% |
| Trade receivables | 40 | €10,049 | €1,272 | -€8,777 | -87.3% |
| Other amounts receivable | 41 | €422 | €18,000 | +€17,578 | +4169.4% |
| Cash at bank and in hand | 54/58 | €100,600 | €153,811 | +€53,212 | +52.9% |
| Deferred charges and accrued income | 490/1 | €1,952 | €3,476 | +€1,524 | +78.1% |
| Total equity and liabilities | 10/49 | €355,422 | €429,861 | +€74,438 | +20.9% |
| Equity | 10/15 | €78,494 | €63,806 | -€14,688 | -18.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €23,467 | €23,467 | = | 0.0% |
| Distributable reserves | 133 | €23,467 | €23,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,026 | €10,339 | -€14,688 | -58.7% |
| Amounts payable | 17/49 | €276,929 | €366,055 | +€89,126 | +32.2% |
| Amounts payable after more than one year | 17 | €135,643 | €163,534 | +€27,892 | +20.6% |
| Financial debts | 170/4 | €135,643 | €163,534 | +€27,892 | +20.6% |
| Amounts payable within one year | 42/48 | €141,286 | €146,549 | +€5,264 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €46,832 | €53,634 | +€6,803 | +14.5% |
| Trade debts | 44 | €26,059 | €29,713 | +€3,653 | +14.0% |
| Suppliers | 440/4 | €26,059 | €29,713 | +€3,653 | +14.0% |
| Taxes, remuneration and social security | 45 | €24,398 | €19,077 | -€5,321 | -21.8% |
| Taxes | 450/3 | €23,356 | €9,270 | -€14,085 | -60.3% |
| Remuneration and social security | 454/9 | €1,042 | €9,806 | +€8,764 | +841.0% |
| Other amounts payable | 47/48 | €43,997 | €44,126 | +€129 | +0.3% |
| Accrued charges and deferred income | 492/3 | €0 | €55,971 | +€55,971 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €26,685 | €107,087 | +€80,403 | +301.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,649 | €36,562 | +€3,913 | +12.0% |
| Other operating charges | 640/8 | €18,861 | €21,379 | +€2,519 | +13.4% |
| Non-recurring operating charges | 66A | €842 | €1,558 | +€716 | +85.1% |
| Gross operating margin | 9900 | €148,112 | €154,293 | +€6,182 | +4.2% |
| Operating profit (loss) | 9901 | €69,075 | -€12,293 | -€81,369 | |
| Financial income | 75/76B | €65 | €1,827 | +€1,762 | +2705.9% |
| Recurring financial income | 75 | €65 | €1,827 | +€1,762 | +2705.9% |
| Financial charges | 65/66B | €4,670 | €4,221 | -€449 | -9.6% |
| Recurring financial charges | 65 | €4,670 | €4,221 | -€449 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €64,470 | -€14,688 | -€79,158 | |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €64,470 | -€14,688 | -€79,158 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,470 | -€14,688 | -€79,158 |
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 6 October 2026 via checked.be.