Y & Z: what changed
Two financial 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.
Y & Z
Largest movements
- Cash +€246,793
up €246,793 (+1,343%), from €18,377 to €265,170
mainly Net result for the year (+€219,053) and Receivables within one year (+€58,559)
- Receivables within one year -€58,559
down €58,559 (-81.8%), from €71,596 to €13,037
of which Trade receivables: -€56,914
- Tangible fixed assets -€29,026
down €29,026 (-60.8%), from €47,715 to €18,689
of which Land and buildings: -€21,162
- Stocks and contracts -€11,900
down €11,900 (-64.3%), from €18,500 to €6,600
- Profit (loss) carried forward +€173,598
up €173,598, from -€113,564 to €60,034
- Trade debts -€99,985
down €99,985 (-66.0%), from €151,499 to €51,514
- Reserves +€45,455
up €45,455 (+106%), from €42,893 to €88,348
of which Distributable reserves: +€47,314
- Tax, wage and social debts +€28,457
up €28,457 (+96.1%), from €29,618 to €58,075
of which Taxes: +€34,633
- Gross operating margin +€287,067
up €287,067 (+204%), from €140,734 to €427,801
- Staff costs +€35,448
up €35,448 (+28.0%), from €126,667 to €162,115
- Taxes +€15,896
new in 2024: €15,896
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.
Derived cash bridge
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 | €159,046 | €306,571 | +€147,525 | +92.8% |
| Fixed assets | 21/28 | €47,715 | €18,689 | -€29,026 | -60.8% |
| Tangible fixed assets | 22/27 | €47,715 | €18,689 | -€29,026 | -60.8% |
| Land and buildings | 22 | €30,138 | €8,976 | -€21,162 | -70.2% |
| Plant, machinery and equipment | 23 | €13,898 | €9,087 | -€4,811 | -34.6% |
| Furniture and vehicles | 24 | €3,679 | €626 | -€3,053 | -83.0% |
| Current assets | 29/58 | €111,331 | €287,882 | +€176,551 | +159% |
| Stocks and contracts in progress | 3 | €18,500 | €6,600 | -€11,900 | -64.3% |
| Stocks | 30/36 | €18,500 | €6,600 | -€11,900 | -64.3% |
| Amounts receivable within one year | 40/41 | €71,596 | €13,037 | -€58,559 | -81.8% |
| Trade receivables | 40 | €56,914 | - | -€56,914 | |
| Other amounts receivable | 41 | €14,682 | €13,037 | -€1,645 | -11.2% |
| Cash at bank and in hand | 54/58 | €18,377 | €265,170 | +€246,793 | +1,343% |
| Deferred charges and accrued income | 490/1 | €2,858 | €3,075 | +€217 | +7.6% |
| Total equity and liabilities | 10/49 | €159,046 | €306,571 | +€147,525 | +92.8% |
| Equity | 10/15 | -€52,071 | €166,982 | +€219,053 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,893 | €88,348 | +€45,455 | +106% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €41,034 | €88,348 | +€47,314 | +115% |
| Profit (loss) carried forward | 14 | -€113,564 | €60,034 | +€173,598 | |
| Amounts payable | 17/49 | €211,117 | €139,589 | -€71,528 | -33.9% |
| Amounts payable within one year | 42/48 | €211,117 | €139,589 | -€71,528 | -33.9% |
| Trade debts | 44 | €151,499 | €51,514 | -€99,985 | -66.0% |
| Suppliers | 440/4 | €151,499 | €51,514 | -€99,985 | -66.0% |
| Taxes, remuneration and social security | 45 | €29,618 | €58,075 | +€28,457 | +96.1% |
| Taxes | 450/3 | €7,292 | €41,925 | +€34,633 | +475% |
| Remuneration and social security | 454/9 | €22,326 | €16,150 | -€6,176 | -27.7% |
| Other amounts payable | 47/48 | €30,000 | €30,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €126,667 | €162,115 | +€35,448 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,276 | €30,121 | -€155 | -0.5% |
| Other operating charges | 640/8 | €830 | €609 | -€221 | -26.6% |
| Gross operating margin | 9900 | €140,734 | €427,801 | +€287,067 | +204% |
| Operating profit (loss) | 9901 | -€17,039 | €234,956 | +€251,995 | |
| Financial charges | 65/66B | €66 | €7 | -€59 | -89.4% |
| Recurring financial charges | 65 | €66 | €7 | -€59 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,105 | €234,949 | +€252,054 | |
| Income taxes | 67/77 | - | €15,896 | +€15,896 | |
| Profit (loss) for the period | 9904 | -€17,105 | €219,053 | +€236,158 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,105 | €219,053 | +€236,158 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.