Z.S.: 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.
Z.S.
Largest movements
- Receivables within one year +€132,856
up €132,856 (+66.9%), from €198,466 to €331,322
of which Other amounts receivable: +€88,640
- Tangible fixed assets +€116,524
up €116,524 (+47.0%), from €247,908 to €364,432
of which Furniture and vehicles: +€102,576
- Trade debts +€91,007
up €91,007 (+278.1%), from €32,721 to €123,728
- Reserves +€77,214
up €77,214 (+706.4%), from €10,930 to €88,144
of which Distributable reserves: +€47,214
- Accrued charges and deferred income +€32,296
new in 2024: €32,296
- Profit (loss) carried forward +€21,009
up €21,009 (+8.4%), from €249,598 to €270,607
- Current portion of long-term debt +€9,792
up €9,792 (+36.6%), from €26,761 to €36,553
- Turnover +€275,583
up €275,583 (+103.7%), from €265,878 to €541,461
- Purchases and services +€168,273
up €168,273 (+103.7%), from €162,294 to €330,567
- Gross operating margin +€106,934
up €106,934 (+102.9%), from €103,960 to €210,894
- Depreciation +€25,813
up €25,813 (+72.4%), from €35,661 to €61,474
- Taxes +€7,500
up €7,500 (+23.5%), from €31,850 to €39,350
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €446,374 | €697,403 | +€251,029 | +56.2% |
| Fixed assets | 21/28 | €247,908 | €364,557 | +€116,649 | +47.1% |
| Tangible fixed assets | 22/27 | €247,908 | €364,432 | +€116,524 | +47.0% |
| Land and buildings | 22 | €152,224 | €147,904 | -€4,320 | -2.8% |
| Plant, machinery and equipment | 23 | €2,716 | €39,584 | +€36,868 | +1357.4% |
| Furniture and vehicles | 24 | €25,549 | €128,125 | +€102,576 | +401.5% |
| Leasing and similar rights | 25 | €67,419 | €48,819 | -€18,600 | -27.6% |
| Financial fixed assets | 28 | - | €125 | +€125 | |
| Current assets | 29/58 | €198,466 | €332,846 | +€134,380 | +67.7% |
| Amounts receivable within one year | 40/41 | €198,466 | €331,322 | +€132,856 | +66.9% |
| Trade receivables | 40 | €115,668 | €159,884 | +€44,216 | +38.2% |
| Other amounts receivable | 41 | €82,798 | €171,438 | +€88,640 | +107.1% |
| Deferred charges and accrued income | 490/1 | - | €1,524 | +€1,524 | |
| Total equity and liabilities | 10/49 | €446,374 | €697,403 | +€251,029 | +56.2% |
| Equity | 10/15 | €279,128 | €377,351 | +€98,223 | +35.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,930 | €88,144 | +€77,214 | +706.4% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Legal reserve | 130 | €930 | €930 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €30,000 | +€30,000 | |
| Distributable reserves | 133 | €10,000 | €57,214 | +€47,214 | +472.1% |
| Profit (loss) carried forward | 14 | €249,598 | €270,607 | +€21,009 | +8.4% |
| Amounts payable | 17/49 | €167,246 | €320,052 | +€152,806 | +91.4% |
| Amounts payable after more than one year | 17 | €61,524 | €68,500 | +€6,976 | +11.3% |
| Financial debts | 170/4 | €61,524 | €68,500 | +€6,976 | +11.3% |
| Amounts payable within one year | 42/48 | €105,722 | €219,256 | +€113,534 | +107.4% |
| Current portion of amounts payable after more than one year | 42 | €26,761 | €36,553 | +€9,792 | +36.6% |
| Financial debts | 43 | €20,040 | €24,015 | +€3,975 | +19.8% |
| Credit institutions | 430/8 | €20,040 | €24,015 | +€3,975 | +19.8% |
| Trade debts | 44 | €32,721 | €123,728 | +€91,007 | +278.1% |
| Suppliers | 440/4 | €32,721 | €123,728 | +€91,007 | +278.1% |
| Taxes, remuneration and social security | 45 | €26,200 | €34,960 | +€8,760 | +33.4% |
| Taxes | 450/3 | €26,200 | €34,960 | +€8,760 | +33.4% |
| Accrued charges and deferred income | 492/3 | - | €32,296 | +€32,296 | |
| Turnover | 70 | €265,878 | €541,461 | +€275,583 | +103.7% |
| Non-recurring operating income | 76A | €375 | - | -€375 | |
| Goods, raw materials, services and sundry goods | 60/61 | €162,294 | €330,567 | +€168,273 | +103.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,661 | €61,474 | +€25,813 | +72.4% |
| Other operating charges | 640/8 | €3,456 | €3,914 | +€458 | +13.3% |
| Non-recurring operating charges | 66A | €300 | €1,250 | +€950 | +316.7% |
| Gross operating margin | 9900 | €103,960 | €210,894 | +€106,934 | +102.9% |
| Operating profit (loss) | 9901 | €64,543 | €144,256 | +€79,713 | +123.5% |
| Financial income | 75/76B | - | €313 | +€313 | |
| Recurring financial income | 75 | - | €313 | +€313 | |
| Financial charges | 65/66B | €8,298 | €6,996 | -€1,302 | -15.7% |
| Recurring financial charges | 65 | €8,298 | €6,996 | -€1,302 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €56,245 | €137,573 | +€81,328 | +144.6% |
| Income taxes | 67/77 | €31,850 | €39,350 | +€7,500 | +23.5% |
| Profit (loss) for the period | 9904 | €24,395 | €98,223 | +€73,828 | +302.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,395 | €98,223 | +€73,828 | +302.6% |
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 8 October 2026 via checked.be.