WORKING GROUP: 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.
WORKING GROUP
Largest movements
- Receivables within one year -€113,210
down €113,210 (-99.5%), from €113,805 to €595
of which Other amounts receivable: -€106,722
- Tangible fixed assets +€68,302
up €68,302 (+7.4%), from €925,785 to €994,087
of which Land and buildings: +€75,648
- Profit (loss) carried forward -€53,052
down €53,052 (-10.3%), from -€515,688 to -€568,740
- Current portion of long-term debt +€46,894
up €46,894 (+844.8%), from €5,551 to €52,444
- Trade debts -€19,117
down €19,117 (-80.7%), from €23,683 to €4,566
- Debts after one year -€11,510
down €11,510 (-5.1%), from €224,449 to €212,940
- Gross operating margin +€8,844
up €8,844, from -€1,803 to €7,042
- Depreciation +€7,926
up €7,926 (+22.2%), from €35,750 to €43,676
- Financial charges +€5,064
up €5,064 (+105.4%), from €4,804 to €9,868
of which Financial charges: +€5,624
- Other operating charges +€846
up €846 (+14.8%), from €5,709 to €6,555
- Taxes -€310
no longer reported in 2024 (was €310)
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 | €1,043,643 | €998,114 | -€45,529 | -4.4% |
| Fixed assets | 21/28 | €927,450 | €995,751 | +€68,302 | +7.4% |
| Tangible fixed assets | 22/27 | €925,785 | €994,087 | +€68,302 | +7.4% |
| Land and buildings | 22 | €895,239 | €970,887 | +€75,648 | +8.5% |
| Furniture and vehicles | 24 | €30,546 | €23,200 | -€7,346 | -24.0% |
| Financial fixed assets | 28 | €1,664 | €1,664 | = | 0.0% |
| Current assets | 29/58 | €116,194 | €2,362 | -€113,831 | -98.0% |
| Amounts receivable within one year | 40/41 | €113,805 | €595 | -€113,210 | -99.5% |
| Trade receivables | 40 | €6,488 | - | -€6,488 | |
| Other amounts receivable | 41 | €107,317 | €595 | -€106,722 | -99.4% |
| Cash at bank and in hand | 54/58 | €249 | €224 | -€25 | -9.9% |
| Deferred charges and accrued income | 490/1 | €2,140 | €1,543 | -€597 | -27.9% |
| Total equity and liabilities | 10/49 | €1,043,643 | €998,114 | -€45,529 | -4.4% |
| Equity | 10/15 | €430,826 | €377,774 | -€53,052 | -12.3% |
| Contributions | 10/11 | €730,000 | €730,000 | = | 0.0% |
| Capital | 10 | €730,000 | €730,000 | = | 0.0% |
| Issued capital | 100 | €730,000 | €730,000 | = | 0.0% |
| Reserves | 13 | €216,514 | €216,514 | = | 0.0% |
| Distributable reserves | 133 | €216,514 | €216,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€515,688 | -€568,740 | -€53,052 | -10.3% |
| Amounts payable | 17/49 | €612,817 | €620,340 | +€7,523 | +1.2% |
| Amounts payable after more than one year | 17 | €224,449 | €212,940 | -€11,510 | -5.1% |
| Financial debts | 170/4 | €224,449 | €212,940 | -€11,510 | -5.1% |
| Amounts payable within one year | 42/48 | €388,342 | €407,400 | +€19,058 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €5,551 | €52,444 | +€46,894 | +844.8% |
| Financial debts | 43 | €2,242 | - | -€2,242 | |
| Credit institutions | 430/8 | €2,242 | - | -€2,242 | |
| Trade debts | 44 | €23,683 | €4,566 | -€19,117 | -80.7% |
| Suppliers | 440/4 | €23,683 | €4,566 | -€19,117 | -80.7% |
| Taxes, remuneration and social security | 45 | €1,126 | €311 | -€815 | -72.4% |
| Taxes | 450/3 | €1,126 | €311 | -€815 | -72.4% |
| Other amounts payable | 47/48 | €355,741 | €350,080 | -€5,662 | -1.6% |
| Accrued charges and deferred income | 492/3 | €26 | - | -€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,750 | €43,676 | +€7,926 | +22.2% |
| Other operating charges | 640/8 | €5,709 | €6,555 | +€846 | +14.8% |
| Gross operating margin | 9900 | -€1,803 | €7,042 | +€8,844 | |
| Operating profit (loss) | 9901 | -€43,262 | -€43,189 | +€73 | +0.2% |
| Financial income | 75/76B | €115 | €5 | -€110 | -95.6% |
| Recurring financial income | 75 | €115 | €5 | -€110 | -95.6% |
| Financial charges | 65/66B | €4,804 | €9,868 | +€5,064 | +105.4% |
| Recurring financial charges | 65 | €4,244 | €9,868 | +€5,624 | +132.5% |
| Non-recurring financial charges | 66B | €560 | - | -€560 | |
| Profit (loss) for the period before taxes | 9903 | -€47,950 | -€53,052 | -€5,102 | -10.6% |
| Income taxes | 67/77 | €310 | - | -€310 | |
| Profit (loss) for the period | 9904 | -€48,261 | -€53,052 | -€4,791 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,261 | -€53,052 | -€4,791 | -9.9% |
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 5 October 2026 via checked.be.