ADVISORY LINK: 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.
ADVISORY LINK
Largest movements
- Tangible fixed assets +€24,723
up €24,723 (+799.7%), from €3,092 to €27,815
- Current investments +€17,584
up €17,584 (+8.3%), from €211,744 to €229,328
- Cash +€9,885
up €9,885 (+636.2%), from €1,554 to €11,438
mainly Net result for the year (+€27,897) and Trade debts (+€17,443)
- Receivables within one year -€7,587
down €7,587 (-7.8%), from €97,297 to €89,710
of which Trade receivables: -€21,307
- Reserves +€27,898
up €27,898 (+10.9%), from €255,801 to €283,699
of which Distributable reserves: +€27,898
- Trade debts +€17,443
up €17,443 (+86.4%), from €20,178 to €37,620
- Financial income +€18,392
up €18,392 (+794.8%), from €2,314 to €20,706
- Gross operating margin -€3,758
down €3,758 (-13.4%), from €28,098 to €24,340
- Other operating charges +€2,585
up €2,585 (+1097.4%), from €236 to €2,821
- Depreciation +€2,231
up €2,231 (+241.0%), from €926 to €3,157
- Taxes +€1,601
up €1,601 (+18.8%), from €8,517 to €10,118
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 | €315,101 | €358,291 | +€43,190 | +13.7% |
| Fixed assets | 21/28 | €3,192 | €27,815 | +€24,623 | +771.5% |
| Tangible fixed assets | 22/27 | €3,092 | €27,815 | +€24,723 | +799.7% |
| Furniture and vehicles | 24 | €3,092 | €27,815 | +€24,723 | +799.7% |
| Financial fixed assets | 28 | €100 | €0 | -€100 | -100.0% |
| Current assets | 29/58 | €311,909 | €330,476 | +€18,567 | +6.0% |
| Amounts receivable within one year | 40/41 | €97,297 | €89,710 | -€7,587 | -7.8% |
| Trade receivables | 40 | €31,307 | €10,000 | -€21,307 | -68.1% |
| Other amounts receivable | 41 | €65,990 | €79,710 | +€13,720 | +20.8% |
| Current investments | 50/53 | €211,744 | €229,328 | +€17,584 | +8.3% |
| Cash at bank and in hand | 54/58 | €1,554 | €11,438 | +€9,885 | +636.2% |
| Deferred charges and accrued income | 490/1 | €1,315 | €0 | -€1,315 | -100.0% |
| Total equity and liabilities | 10/49 | €315,101 | €358,291 | +€43,190 | +13.7% |
| Equity | 10/15 | €268,202 | €296,099 | +€27,897 | +10.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €255,801 | €283,699 | +€27,898 | +10.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €255,801 | €283,699 | +€27,898 | +10.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | -€0 | -100.0% |
| Amounts payable | 17/49 | €46,899 | €62,192 | +€15,292 | +32.6% |
| Amounts payable within one year | 42/48 | €46,694 | €62,192 | +€15,498 | +33.2% |
| Financial debts | 43 | - | €867 | +€867 | |
| Credit institutions | 430/8 | - | €867 | +€867 | |
| Trade debts | 44 | €20,178 | €37,620 | +€17,443 | +86.4% |
| Suppliers | 440/4 | €20,178 | €37,620 | +€17,443 | +86.4% |
| Taxes, remuneration and social security | 45 | €26,517 | €23,704 | -€2,812 | -10.6% |
| Taxes | 450/3 | €26,517 | €20,704 | -€5,812 | -21.9% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | €205 | €0 | -€205 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €926 | €3,157 | +€2,231 | +241.0% |
| Other operating charges | 640/8 | €236 | €2,821 | +€2,585 | +1097.4% |
| Gross operating margin | 9900 | €28,098 | €24,340 | -€3,758 | -13.4% |
| Operating profit (loss) | 9901 | €26,936 | €18,362 | -€8,574 | -31.8% |
| Financial income | 75/76B | €2,314 | €20,706 | +€18,392 | +794.8% |
| Recurring financial income | 75 | €2,314 | €20,706 | +€18,392 | +794.8% |
| Financial charges | 65/66B | €883 | €1,053 | +€170 | +19.2% |
| Recurring financial charges | 65 | €883 | €953 | +€70 | +7.9% |
| Non-recurring financial charges | 66B | - | €100 | +€100 | |
| Profit (loss) for the period before taxes | 9903 | €28,367 | €38,015 | +€9,648 | +34.0% |
| Income taxes | 67/77 | €8,517 | €10,118 | +€1,601 | +18.8% |
| Profit (loss) for the period | 9904 | €19,850 | €27,897 | +€8,047 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,850 | €27,897 | +€8,047 | +40.5% |
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 2 October 2026 via checked.be.