AR DRIVE: 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.
AR DRIVE
Largest movements
- Receivables within one year +€13,773
up €13,773 (+176.3%), from €7,814 to €21,587
of which Trade receivables: +€7,411
- Tangible fixed assets -€11,088
down €11,088 (-52.0%), from €21,312 to €10,225
- Cash +€8,502
up €8,502 (+279.3%), from €3,044 to €11,546
mainly Depreciation (+€11,088) and Trade debts (+€9,213)
- Other debts -€9,238
down €9,238 (-41.4%), from €22,294 to €13,056
- Trade debts +€9,213
up €9,213 (+1135.7%), from €811 to €10,024
- Tax, wage and social debts +€6,386
up €6,386 (+221.9%), from €2,878 to €9,264
of which Taxes: +€4,974
- Profit (loss) carried forward +€4,826
up €4,826 (+83.0%), from -€5,813 to -€987
- Turnover +€37,284
up €37,284 (+171.0%), from €21,799 to €59,083
- Purchases and services +€23,790
up €23,790 (+197.5%), from €12,044 to €35,834
- Gross operating margin +€13,130
up €13,130 (+89.4%), from €14,694 to €27,824
- Staff costs +€1,838
up €1,838 (+21.6%), from €8,516 to €10,353
- Other operating charges -€1,783
down €1,783 (-56.2%), from €3,174 to €1,390
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 | €32,170 | €43,357 | +€11,187 | +34.8% |
| Fixed assets | 21/28 | €21,312 | €10,225 | -€11,088 | -52.0% |
| Tangible fixed assets | 22/27 | €21,312 | €10,225 | -€11,088 | -52.0% |
| Furniture and vehicles | 24 | €21,312 | €10,225 | -€11,088 | -52.0% |
| Current assets | 29/58 | €10,858 | €33,132 | +€22,275 | +205.2% |
| Amounts receivable within one year | 40/41 | €7,814 | €21,587 | +€13,773 | +176.3% |
| Trade receivables | 40 | €7,814 | €15,225 | +€7,411 | +94.8% |
| Other amounts receivable | 41 | - | €6,362 | +€6,362 | |
| Cash at bank and in hand | 54/58 | €3,044 | €11,546 | +€8,502 | +279.3% |
| Total equity and liabilities | 10/49 | €32,170 | €43,357 | +€11,187 | +34.8% |
| Equity | 10/15 | €6,187 | €11,013 | +€4,826 | +78.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Contributions outside capital | 11 | €12,000 | €12,000 | = | 0.0% |
| Other | 1109/19 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,813 | -€987 | +€4,826 | +83.0% |
| Amounts payable | 17/49 | €25,983 | €32,343 | +€6,361 | +24.5% |
| Amounts payable within one year | 42/48 | €25,983 | €32,343 | +€6,361 | +24.5% |
| Trade debts | 44 | €811 | €10,024 | +€9,213 | +1135.7% |
| Suppliers | 440/4 | €811 | €10,024 | +€9,213 | +1135.7% |
| Taxes, remuneration and social security | 45 | €2,878 | €9,264 | +€6,386 | +221.9% |
| Taxes | 450/3 | €171 | €5,146 | +€4,974 | +2901.9% |
| Remuneration and social security | 454/9 | €2,706 | €4,118 | +€1,412 | +52.2% |
| Other amounts payable | 47/48 | €22,294 | €13,056 | -€9,238 | -41.4% |
| Turnover | 70 | €21,799 | €59,083 | +€37,284 | +171.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €12,044 | €35,834 | +€23,790 | +197.5% |
| Remuneration, social security and pensions | 62 | €8,516 | €10,353 | +€1,838 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,049 | €11,088 | +€1,039 | +10.3% |
| Other operating charges | 640/8 | €3,174 | €1,390 | -€1,783 | -56.2% |
| Gross operating margin | 9900 | €14,694 | €27,824 | +€13,130 | +89.4% |
| Operating profit (loss) | 9901 | -€7,044 | €4,992 | +€12,037 | |
| Financial charges | 65/66B | €153 | €166 | +€13 | +8.4% |
| Recurring financial charges | 65 | €153 | €166 | +€13 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,197 | €4,826 | +€12,024 | |
| Profit (loss) for the period | 9904 | -€7,197 | €4,826 | +€12,024 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,197 | €4,826 | +€12,024 |
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 12 October 2026 via checked.be.