WORK IN PROGRESS: 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.
WORK IN PROGRESS
Largest movements
- Tangible fixed assets -€20,498
down €20,498 (-18.7%), from €109,403 to €88,905
of which Leasing and similar rights: -€18,826
- Receivables within one year -€15,275
down €15,275 (-75.7%), from €20,174 to €4,899
of which Trade receivables: -€14,249
- Deferred charges and accrued income -€3,941
down €3,941 (-68.7%), from €5,739 to €1,799
- Debts after one year -€29,852
down €29,852 (-59.7%), from €50,044 to €20,192
- Trade debts -€10,610
down €10,610 (-60.5%), from €17,525 to €6,915
- Tax, wage and social debts -€5,903
no longer reported in 2024 (was €5,903)
- Reserves +€5,845
up €5,845 (+16.1%), from €36,360 to €42,205
of which Distributable reserves: +€5,845
- Other debts -€2,500
down €2,500 (-34.3%), from €7,279 to €4,779
- Gross operating margin -€14,873
down €14,873 (-30.8%), from €48,343 to €33,470
- Taxes -€3,275
down €3,275 (-55.5%), from €5,903 to €2,628
- Depreciation -€534
down €534 (-2.5%), from €21,032 to €20,498
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 | €222,252 | €180,876 | -€41,376 | -18.6% |
| Fixed assets | 21/28 | €109,403 | €88,905 | -€20,498 | -18.7% |
| Tangible fixed assets | 22/27 | €109,403 | €88,905 | -€20,498 | -18.7% |
| Land and buildings | 22 | €1,831 | €1,559 | -€272 | -14.8% |
| Plant, machinery and equipment | 23 | €3,595 | €2,805 | -€789 | -22.0% |
| Furniture and vehicles | 24 | €1,222 | €611 | -€611 | -50.0% |
| Leasing and similar rights | 25 | €102,755 | €83,929 | -€18,826 | -18.3% |
| Current assets | 29/58 | €112,849 | €91,971 | -€20,878 | -18.5% |
| Amounts receivable within one year | 40/41 | €20,174 | €4,899 | -€15,275 | -75.7% |
| Trade receivables | 40 | €18,713 | €4,464 | -€14,249 | -76.1% |
| Other amounts receivable | 41 | €1,461 | €435 | -€1,026 | -70.2% |
| Cash at bank and in hand | 54/58 | €86,936 | €85,274 | -€1,662 | -1.9% |
| Deferred charges and accrued income | 490/1 | €5,739 | €1,799 | -€3,941 | -68.7% |
| Total equity and liabilities | 10/49 | €222,252 | €180,876 | -€41,376 | -18.6% |
| Equity | 10/15 | €112,162 | €118,007 | +€5,845 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,360 | €42,205 | +€5,845 | +16.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,500 | €40,345 | +€5,845 | +16.9% |
| Profit (loss) carried forward | 14 | €57,202 | €57,202 | = | 0.0% |
| Amounts payable | 17/49 | €110,090 | €62,870 | -€47,221 | -42.9% |
| Amounts payable after more than one year | 17 | €50,044 | €20,192 | -€29,852 | -59.7% |
| Financial debts | 170/4 | €50,044 | €20,192 | -€29,852 | -59.7% |
| Amounts payable within one year | 42/48 | €60,047 | €42,678 | -€17,369 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €29,339 | €29,859 | +€519 | +1.8% |
| Financial debts | 43 | - | €1,125 | +€1,125 | |
| Credit institutions | 430/8 | - | €1,125 | +€1,125 | |
| Trade debts | 44 | €17,525 | €6,915 | -€10,610 | -60.5% |
| Suppliers | 440/4 | €17,525 | €6,915 | -€10,610 | -60.5% |
| Taxes, remuneration and social security | 45 | €5,903 | - | -€5,903 | |
| Taxes | 450/3 | €5,903 | - | -€5,903 | |
| Other amounts payable | 47/48 | €7,279 | €4,779 | -€2,500 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,032 | €20,498 | -€534 | -2.5% |
| Other operating charges | 640/8 | €2,824 | €2,915 | +€91 | +3.2% |
| Gross operating margin | 9900 | €48,343 | €33,470 | -€14,873 | -30.8% |
| Operating profit (loss) | 9901 | €24,488 | €10,058 | -€14,430 | -58.9% |
| Financial income | 75/76B | €1 | €0 | -€0 | -75.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -75.0% |
| Non-recurring financial income | 76B | €1 | €0 | -€0 | -75.0% |
| Financial charges | 65/66B | €1,956 | €1,585 | -€372 | -19.0% |
| Recurring financial charges | 65 | €1,956 | €1,585 | -€372 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €22,532 | €8,473 | -€14,059 | -62.4% |
| Income taxes | 67/77 | €5,903 | €2,628 | -€3,275 | -55.5% |
| Profit (loss) for the period | 9904 | €16,629 | €5,845 | -€10,784 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,629 | €5,845 | -€10,784 | -64.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.