AR ACADEMY: 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.
AR ACADEMY
Largest movements
- Tangible fixed assets +€17,040
new in 2024: €17,040
- Current investments +€11,006
up €11,006 (+1552.3%), from €709 to €11,715
- Receivables after one year +€3,908
new in 2024: €3,908
- Receivables within one year -€3,049
down €3,049 (-38.1%), from €8,000 to €4,951
- Financial fixed assets +€1,380
new in 2024: €1,380
- Tax, wage and social debts +€23,478
up €23,478 (+1826.8%), from €1,285 to €24,764
- Profit (loss) carried forward +€7,592
up €7,592, from -€4,904 to €2,689
- Other debts -€2,382
no longer reported in 2024 (was €2,382)
- Debts after one year +€1,542
new in 2024: €1,542
- Turnover +€101,248
up €101,248 (+1654.4%), from €6,120 to €107,368
- Purchases and services +€73,972
up €73,972 (+710.2%), from €10,416 to €84,388
- Gross operating margin +€27,392
up €27,392, from -€4,296 to €23,096
- Staff costs +€13,193
new in 2024: €13,193
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 | €8,764 | €38,994 | +€30,231 | +345.0% |
| Fixed assets | 21/28 | - | €18,420 | +€18,420 | |
| Tangible fixed assets | 22/27 | - | €17,040 | +€17,040 | |
| Furniture and vehicles | 24 | - | €17,040 | +€17,040 | |
| Financial fixed assets | 28 | - | €1,380 | +€1,380 | |
| Current assets | 29/58 | €8,764 | €20,574 | +€11,810 | +134.8% |
| Amounts receivable after more than one year | 29 | - | €3,908 | +€3,908 | |
| Trade receivables | 290 | - | €3,908 | +€3,908 | |
| Amounts receivable within one year | 40/41 | €8,000 | €4,951 | -€3,049 | -38.1% |
| Other amounts receivable | 41 | €8,000 | €4,951 | -€3,049 | -38.1% |
| Current investments | 50/53 | €709 | €11,715 | +€11,006 | +1552.3% |
| Deferred charges and accrued income | 490/1 | €55 | - | -€55 | |
| Total equity and liabilities | 10/49 | €8,764 | €38,994 | +€30,231 | +345.0% |
| Equity | 10/15 | €5,096 | €12,689 | +€7,592 | +149.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,904 | €2,689 | +€7,592 | |
| Amounts payable | 17/49 | €3,667 | €26,306 | +€22,638 | +617.3% |
| Amounts payable after more than one year | 17 | - | €1,542 | +€1,542 | |
| Trade debts | 175 | - | €1,542 | +€1,542 | |
| Amounts payable within one year | 42/48 | €3,667 | €24,764 | +€21,096 | +575.3% |
| Taxes, remuneration and social security | 45 | €1,285 | €24,764 | +€23,478 | +1826.8% |
| Taxes | 450/3 | €1,285 | €24,764 | +€23,478 | +1826.8% |
| Other amounts payable | 47/48 | €2,382 | - | -€2,382 | |
| Turnover | 70 | €6,120 | €107,368 | +€101,248 | +1654.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,416 | €84,388 | +€73,972 | +710.2% |
| Remuneration, social security and pensions | 62 | - | €13,193 | +€13,193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €910 | +€910 | |
| Other operating charges | 640/8 | €585 | €1,358 | +€773 | +132.1% |
| Gross operating margin | 9900 | -€4,296 | €23,096 | +€27,392 | |
| Operating profit (loss) | 9901 | -€4,881 | €7,636 | +€12,517 | |
| Financial charges | 65/66B | €23 | €44 | +€21 | +91.2% |
| Recurring financial charges | 65 | €23 | €44 | +€21 | +91.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,904 | €7,592 | +€12,496 | |
| Profit (loss) for the period | 9904 | -€4,904 | €7,592 | +€12,496 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,904 | €7,592 | +€12,496 |
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 4 October 2026 via checked.be.