XTRACT: 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.
XTRACT
Largest movements
- Cash -€214,358
down €214,358 (-51.6%), from €415,736 to €201,378
mainly Debts after one year (-€357,332) and Receivables within one year (-€185,130)
- Receivables within one year +€185,130
up €185,130 (+18.8%), from €985,575 to €1.2m
of which Trade receivables: +€202,513
- Financial fixed assets -€110,198
down €110,198 (-99.5%), from €110,778 to €580
- Tangible fixed assets -€103,558
down €103,558 (-12.1%), from €855,879 to €752,321
- Stocks and contracts +€37,844
new in 2024: €37,844
- Debts after one year -€357,332
down €357,332 (-27.3%), from €1.3m to €950,417
of which Other amounts payable: -€250,000
- Trade debts +€227,449
up €227,449 (+74.2%), from €306,367 to €533,816
- Current portion of long-term debt -€100,204
down €100,204 (-31.1%), from €322,149 to €221,945
- Reserves +€55,322
up €55,322 (+12.7%), from €435,543 to €490,865
of which Distributable reserves: +€55,322
- Financial income -€197,694
down €197,694 (-65.3%), from €302,677 to €104,982
- Gross operating margin -€91,484
down €91,484 (-5.0%), from €1.8m to €1.7m
- Staff costs -€50,820
down €50,820 (-3.1%), from €1.6m to €1.6m
- Other operating charges -€33,703
down €33,703 (-76.8%), from €43,899 to €10,196
- Taxes -€22,125
down €22,125 (-53.0%), from €41,725 to €19,600
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 | €3,149,641 | €2,958,109 | -€191,532 | -6.1% |
| Fixed assets | 21/28 | €967,208 | €753,257 | -€213,950 | -22.1% |
| Intangible fixed assets | 21 | €551 | €357 | -€194 | -35.2% |
| Tangible fixed assets | 22/27 | €855,879 | €752,321 | -€103,558 | -12.1% |
| Land and buildings | 22 | €131,006 | €79,473 | -€51,534 | -39.3% |
| Plant, machinery and equipment | 23 | €61,979 | €34,788 | -€27,191 | -43.9% |
| Furniture and vehicles | 24 | €22,103 | €17,162 | -€4,941 | -22.4% |
| Leasing and similar rights | 25 | €639,791 | €592,396 | -€47,395 | -7.4% |
| Other tangible fixed assets | 26 | €1,000 | €28,502 | +€27,502 | +2750.2% |
| Financial fixed assets | 28 | €110,778 | €580 | -€110,198 | -99.5% |
| Current assets | 29/58 | €2,182,434 | €2,204,852 | +€22,418 | +1.0% |
| Stocks and contracts in progress | 3 | - | €37,844 | +€37,844 | |
| Stocks | 30/36 | - | €37,844 | +€37,844 | |
| Amounts receivable within one year | 40/41 | €985,575 | €1,170,705 | +€185,130 | +18.8% |
| Trade receivables | 40 | €862,836 | €1,065,349 | +€202,513 | +23.5% |
| Other amounts receivable | 41 | €122,739 | €105,356 | -€17,383 | -14.2% |
| Current investments | 50/53 | €779,739 | €779,739 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €415,736 | €201,378 | -€214,358 | -51.6% |
| Deferred charges and accrued income | 490/1 | €1,384 | €15,186 | +€13,802 | +996.9% |
| Total equity and liabilities | 10/49 | €3,149,641 | €2,958,109 | -€191,532 | -6.1% |
| Equity | 10/15 | €831,967 | €887,289 | +€55,322 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €435,543 | €490,865 | +€55,322 | +12.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €8,994 | €8,994 | = | 0.0% |
| Distributable reserves | 133 | €424,689 | €480,011 | +€55,322 | +13.0% |
| Profit (loss) carried forward | 14 | €377,824 | €377,824 | = | 0.0% |
| Amounts payable | 17/49 | €2,317,675 | €2,070,820 | -€246,855 | -10.7% |
| Amounts payable after more than one year | 17 | €1,307,749 | €950,417 | -€357,332 | -27.3% |
| Financial debts | 170/4 | €1,057,749 | €950,417 | -€107,332 | -10.1% |
| Other amounts payable | 178/9 | €250,000 | €0 | -€250,000 | -100.0% |
| Amounts payable within one year | 42/48 | €1,009,926 | €1,120,403 | +€110,477 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €322,149 | €221,945 | -€100,204 | -31.1% |
| Financial debts | 43 | €25,000 | €0 | -€25,000 | -100.0% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100.0% |
| Trade debts | 44 | €306,367 | €533,816 | +€227,449 | +74.2% |
| Suppliers | 440/4 | €306,367 | €533,816 | +€227,449 | +74.2% |
| Taxes, remuneration and social security | 45 | €356,409 | €363,218 | +€6,809 | +1.9% |
| Taxes | 450/3 | €157,408 | €145,129 | -€12,279 | -7.8% |
| Remuneration and social security | 454/9 | €199,001 | €218,089 | +€19,088 | +9.6% |
| Other amounts payable | 47/48 | €0 | €1,423 | +€1,423 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €6,180 | €81,575 | +€75,395 | +1220.0% |
| Remuneration, social security and pensions | 62 | €1,630,760 | €1,579,941 | -€50,820 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,390 | €110,995 | +€4,604 | +4.3% |
| Other operating charges | 640/8 | €43,899 | €10,196 | -€33,703 | -76.8% |
| Gross operating margin | 9900 | €1,823,373 | €1,731,889 | -€91,484 | -5.0% |
| Operating profit (loss) | 9901 | €42,323 | €30,757 | -€11,566 | -27.3% |
| Financial income | 75/76B | €302,677 | €104,982 | -€197,694 | -65.3% |
| Recurring financial income | 75 | €302,677 | €104,982 | -€197,694 | -65.3% |
| Financial charges | 65/66B | €56,231 | €60,817 | +€4,586 | +8.2% |
| Recurring financial charges | 65 | €56,231 | €60,817 | +€4,586 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €288,768 | €74,922 | -€213,846 | -74.1% |
| Income taxes | 67/77 | €41,725 | €19,600 | -€22,125 | -53.0% |
| Profit (loss) for the period | 9904 | €247,043 | €55,322 | -€191,720 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €247,043 | €55,322 | -€191,720 | -77.6% |
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 1 October 2026 via checked.be.