20 SECONDS TO MIDNIGHT: what changed
What changed
20 SECONDS TO MIDNIGHT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€18,505
2023 · €3,204+€15,301
Equity
€232,589
2023 · €214,084+€18,505
Cash
€2,206
2023 · €1,365+€841
Balance sheet total
€1.3m
2023 · €894,179+€419,750
Largest movements
Assets
- Receivables within one year +€474,528
up €474,528 (+70.1%), from €676,886 to €1.2m
of which Trade receivables: +€336,819
- Tangible fixed assets -€31,509
down €31,509 (-34.5%), from €91,264 to €59,756
of which Furniture and vehicles: -€21,453
- Deferred charges and accrued income -€21,854
down €21,854 (-72.8%), from €30,038 to €8,183
Equity and liabilities
- Trade debts +€204,759
up €204,759 (+227%), from €90,199 to €294,958
- Advances received +€95,931
up €95,931 (+142%), from €67,760 to €163,691
- Tax, wage and social debts +€37,288
up €37,288 (+19.7%), from €188,905 to €226,194
of which Taxes: +€55,705
- Short-term financial debts +€33,784
up €33,784 (+12.0%), from €280,607 to €314,391
- Other debts +€27,511
up €27,511 (+166%), from €16,583 to €44,094
Income statement
- Staff costs -€143,890
down €143,890 (-36.4%), from €395,696 to €251,806
- Gross operating margin -€75,227
down €75,227 (-16.1%), from €467,447 to €392,220
- Write-downs +€20,241
new in 2024: €20,241
- Other operating charges +€19,387
up €19,387 (+3,710%), from €523 to €19,910
- Financial charges +€16,844
up €16,844 (+69.9%), from €24,083 to €40,927
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€3,204
Gross operating margin
-€75,227
Staff costs
+€143,890
Depreciation
+€151
Write-downs
-€20,241
Other operating charges
-€19,387
Other operating items
+€558
Financial income
+€7,740
Financial charges
-€16,844
Taxes
-€5,341
Result 2024
€18,505
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€31,356
Investment
-€3,559
Financing
+€35,757
Cash 2023
€1,365
From operations (derived)
-€31,356
Net result for the year
+€18,505
Depreciation
+€37,324
Receivables within one year
-€474,528
Deferred charges and accrued income
+€21,854
Trade debts
+€204,759
Tax, wage and social debts
+€37,288
Advances received
+€95,931
Other debts
+€27,511
Investment (derived)
-€3,559
Investment in fixed assets (net)
-€3,559
Financing
+€35,757
Debts after one year
-€11,688
Current portion of long-term debt
+€13,661
Short-term financial debts
+€33,784
Cash 2024
€2,206
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €894,179 | €1,313,930 | +€419,750 | +46.9% |
| Fixed assets | 21/28 | €185,891 | €152,127 | -€33,765 | -18.2% |
| Intangible fixed assets | 21 | €7,527 | €5,271 | -€2,256 | -30.0% |
| Tangible fixed assets | 22/27 | €91,264 | €59,756 | -€31,509 | -34.5% |
| Plant, machinery and equipment | 23 | €3,288 | €2,024 | -€1,264 | -38.4% |
| Furniture and vehicles | 24 | €53,778 | €32,324 | -€21,453 | -39.9% |
| Leasing and similar rights | 25 | €34,199 | €25,407 | -€8,791 | -25.7% |
| Financial fixed assets | 28 | €87,100 | €87,100 | = | 0.0% |
| Current assets | 29/58 | €708,288 | €1,161,803 | +€453,515 | +64.0% |
| Amounts receivable within one year | 40/41 | €676,886 | €1,151,413 | +€474,528 | +70.1% |
| Trade receivables | 40 | €542,217 | €879,036 | +€336,819 | +62.1% |
| Other amounts receivable | 41 | €134,669 | €272,377 | +€137,709 | +102% |
| Cash at bank and in hand | 54/58 | €1,365 | €2,206 | +€841 | +61.6% |
| Deferred charges and accrued income | 490/1 | €30,038 | €8,183 | -€21,854 | -72.8% |
| Total equity and liabilities | 10/49 | €894,179 | €1,313,930 | +€419,750 | +46.9% |
| Equity | 10/15 | €214,084 | €232,589 | +€18,505 | +8.6% |
| Contributions | 10/11 | €166,338 | €166,338 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,886 | €64,391 | +€18,505 | +40.3% |
| Amounts payable | 17/49 | €680,095 | €1,081,341 | +€401,246 | +59.0% |
| Amounts payable after more than one year | 17 | €22,667 | €10,979 | -€11,688 | -51.6% |
| Financial debts | 170/4 | €22,667 | €10,979 | -€11,688 | -51.6% |
| Amounts payable within one year | 42/48 | €657,429 | €1,070,362 | +€412,934 | +62.8% |
| Current portion of amounts payable after more than one year | 42 | €13,374 | €27,035 | +€13,661 | +102% |
| Financial debts | 43 | €280,607 | €314,391 | +€33,784 | +12.0% |
| Credit institutions | 430/8 | €280,607 | €314,391 | +€33,784 | +12.0% |
| Trade debts | 44 | €90,199 | €294,958 | +€204,759 | +227% |
| Suppliers | 440/4 | €90,199 | €294,958 | +€204,759 | +227% |
| Advances received on contracts in progress | 46 | €67,760 | €163,691 | +€95,931 | +142% |
| Taxes, remuneration and social security | 45 | €188,905 | €226,194 | +€37,288 | +19.7% |
| Taxes | 450/3 | €64,594 | €120,300 | +€55,705 | +86.2% |
| Remuneration and social security | 454/9 | €124,311 | €105,894 | -€18,417 | -14.8% |
| Other amounts payable | 47/48 | €16,583 | €44,094 | +€27,511 | +166% |
| Remuneration, social security and pensions | 62 | €395,696 | €251,806 | -€143,890 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,475 | €37,324 | -€151 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,241 | +€20,241 | |
| Other operating charges | 640/8 | €523 | €19,910 | +€19,387 | +3,710% |
| Non-recurring operating charges | 66A | €558 | - | -€558 | |
| Gross operating margin | 9900 | €467,447 | €392,220 | -€75,227 | -16.1% |
| Operating profit (loss) | 9901 | €33,195 | €62,940 | +€29,745 | +89.6% |
| Financial income | 75/76B | €1 | €7,741 | +€7,740 | +932,580% |
| Recurring financial income | 75 | €1 | €7,741 | +€7,740 | +932,580% |
| Financial charges | 65/66B | €24,083 | €40,927 | +€16,844 | +69.9% |
| Recurring financial charges | 65 | €24,083 | €40,927 | +€16,844 | +69.9% |
| Profit (loss) for the period before taxes | 9903 | €9,113 | €29,755 | +€20,642 | +227% |
| Income taxes | 67/77 | €5,909 | €11,250 | +€5,341 | +90.4% |
| Profit (loss) for the period | 9904 | €3,204 | €18,505 | +€15,301 | +478% |
| Profit (loss) for the period to be appropriated | 9905 | €3,204 | €18,505 | +€15,301 | +478% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.