All Windows: 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.
All Windows
Largest movements
- Receivables within one year +€30,780
up €30,780 (+12.1%), from €253,864 to €284,644
of which Trade receivables: +€30,392
- Cash +€22,689
up €22,689 (+35.7%), from €63,479 to €86,168
mainly Net result for the year (+€93,382) and Tax, wage and social debts (+€29,459)
- Tangible fixed assets +€8,292
up €8,292 (+87.3%), from €9,501 to €17,794
of which Furniture and vehicles: +€8,779
- Reserves +€130,000
up €130,000 (+591%), from €22,000 to €152,000
of which Distributable reserves: +€132,000
- Other debts -€44,609
down €44,609 (-18.0%), from €248,350 to €203,742
- Profit (loss) carried forward -€36,618
down €36,618 (-86.7%), from €42,240 to €5,622
- Tax, wage and social debts +€29,459
up €29,459 (+225%), from €13,078 to €42,537
- Trade debts -€8,508
down €8,508 (-32.2%), from €26,423 to €17,914
- Gross operating margin +€27,341
up €27,341 (+22.0%), from €124,037 to €151,378
- Write-downs -€24,453
down €24,453, from €22,431 to -€2,022
- Taxes +€15,721
up €15,721 (+113%), from €13,965 to €29,686
- Depreciation -€10,985
down €10,985 (-64.5%), from €17,031 to €6,046
- Staff costs +€4,662
up €4,662 (+31.6%), from €14,746 to €19,409
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 | €367,494 | €431,815 | +€64,321 | +17.5% |
| Fixed assets | 21/28 | €10,294 | €18,586 | +€8,292 | +80.6% |
| Tangible fixed assets | 22/27 | €9,501 | €17,794 | +€8,292 | +87.3% |
| Plant, machinery and equipment | 23 | €2,185 | €2,248 | +€63 | +2.9% |
| Furniture and vehicles | 24 | €6,766 | €15,545 | +€8,779 | +130% |
| Other tangible fixed assets | 26 | €550 | - | -€550 | |
| Financial fixed assets | 28 | €793 | €793 | = | 0.0% |
| Current assets | 29/58 | €357,200 | €413,229 | +€56,029 | +15.7% |
| Stocks and contracts in progress | 3 | €39,857 | €42,417 | +€2,560 | +6.4% |
| Stocks | 30/36 | €39,857 | €42,417 | +€2,560 | +6.4% |
| Amounts receivable within one year | 40/41 | €253,864 | €284,644 | +€30,780 | +12.1% |
| Trade receivables | 40 | €238,909 | €269,301 | +€30,392 | +12.7% |
| Other amounts receivable | 41 | €14,955 | €15,343 | +€388 | +2.6% |
| Cash at bank and in hand | 54/58 | €63,479 | €86,168 | +€22,689 | +35.7% |
| Total equity and liabilities | 10/49 | €367,494 | €431,815 | +€64,321 | +17.5% |
| Equity | 10/15 | €74,240 | €167,622 | +€93,382 | +126% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | - | -€10,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Uncalled capital | 101 | €10,000 | - | -€10,000 | |
| Reserves | 13 | €22,000 | €152,000 | +€130,000 | +591% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €20,000 | €152,000 | +€132,000 | +660% |
| Profit (loss) carried forward | 14 | €42,240 | €5,622 | -€36,618 | -86.7% |
| Amounts payable | 17/49 | €293,254 | €264,193 | -€29,061 | -9.9% |
| Amounts payable within one year | 42/48 | €293,254 | €264,193 | -€29,061 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €5,403 | - | -€5,403 | |
| Trade debts | 44 | €26,423 | €17,914 | -€8,508 | -32.2% |
| Suppliers | 440/4 | €26,423 | €17,914 | -€8,508 | -32.2% |
| Taxes, remuneration and social security | 45 | €13,078 | €42,537 | +€29,459 | +225% |
| Taxes | 450/3 | €13,078 | €42,537 | +€29,459 | +225% |
| Other amounts payable | 47/48 | €248,350 | €203,742 | -€44,609 | -18.0% |
| Remuneration, social security and pensions | 62 | €14,746 | €19,409 | +€4,662 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,031 | €6,046 | -€10,985 | -64.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,431 | -€2,022 | -€24,453 | |
| Other operating charges | 640/8 | €3,393 | €3,808 | +€414 | +12.2% |
| Gross operating margin | 9900 | €124,037 | €151,378 | +€27,341 | +22.0% |
| Operating profit (loss) | 9901 | €66,435 | €124,138 | +€57,702 | +86.9% |
| Financial income | 75/76B | €783 | €259 | -€524 | -67.0% |
| Recurring financial income | 75 | €783 | €259 | -€524 | -67.0% |
| Non-recurring financial income | 76B | €783 | €259 | -€524 | -67.0% |
| Financial charges | 65/66B | €358 | €1,328 | +€970 | +271% |
| Recurring financial charges | 65 | €158 | €53 | -€105 | -66.6% |
| Non-recurring financial charges | 66B | €200 | €1,275 | +€1,075 | +538% |
| Profit (loss) for the period before taxes | 9903 | €66,861 | €123,068 | +€56,208 | +84.1% |
| Income taxes | 67/77 | €13,965 | €29,686 | +€15,721 | +113% |
| Profit (loss) for the period | 9904 | €52,895 | €93,382 | +€40,487 | +76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,895 | €93,382 | +€40,487 | +76.5% |
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 18 October 2026 via checked.be.