Ars Legis: 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.
Ars Legis
Largest movements
- Cash +€58,946
up €58,946 (+72.6%), from €81,159 to €140,105
mainly Net result for the year (+€55,826) and Receivables within one year (+€4,445)
- Receivables within one year -€4,445
down €4,445 (-24.4%), from €18,179 to €13,735
of which Other amounts receivable: -€3,224
- Reserves +€55,800
up €55,800 (+63.0%), from €88,600 to €144,400
- Trade debts -€3,301
down €3,301 (-65.2%), from €5,062 to €1,761
- Gross operating margin +€21,262
up €21,262 (+36.5%), from €58,252 to €79,515
- Taxes +€5,459
up €5,459 (+31.8%), from €17,185 to €22,644
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 | €101,275 | €155,073 | +€53,798 | +53.1% |
| Fixed assets | 21/28 | €1,849 | €1,233 | -€617 | -33.3% |
| Tangible fixed assets | 22/27 | €1,849 | €1,233 | -€617 | -33.3% |
| Furniture and vehicles | 24 | €1,849 | €1,233 | -€617 | -33.3% |
| Current assets | 29/58 | €99,425 | €153,840 | +€54,415 | +54.7% |
| Amounts receivable within one year | 40/41 | €18,179 | €13,735 | -€4,445 | -24.4% |
| Trade receivables | 40 | €3,217 | €1,997 | -€1,221 | -37.9% |
| Other amounts receivable | 41 | €14,962 | €11,738 | -€3,224 | -21.5% |
| Cash at bank and in hand | 54/58 | €81,159 | €140,105 | +€58,946 | +72.6% |
| Deferred charges and accrued income | 490/1 | €87 | €0 | -€87 | -100.0% |
| Total equity and liabilities | 10/49 | €101,275 | €155,073 | +€53,798 | +53.1% |
| Equity | 10/15 | €92,133 | €147,959 | +€55,826 | +60.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €88,600 | €144,400 | +€55,800 | +63.0% |
| Distributable reserves | 133 | €88,600 | €144,400 | +€55,800 | +63.0% |
| Profit (loss) carried forward | 14 | €533 | €559 | +€26 | +4.8% |
| Amounts payable | 17/49 | €9,141 | €7,114 | -€2,028 | -22.2% |
| Amounts payable within one year | 42/48 | €9,020 | €7,114 | -€1,906 | -21.1% |
| Trade debts | 44 | €5,062 | €1,761 | -€3,301 | -65.2% |
| Suppliers | 440/4 | €5,062 | €1,761 | -€3,301 | -65.2% |
| Taxes, remuneration and social security | 45 | €3,958 | €5,353 | +€1,395 | +35.2% |
| Taxes | 450/3 | €3,958 | €5,353 | +€1,395 | +35.2% |
| Accrued charges and deferred income | 492/3 | €121 | €0 | -€121 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €617 | +€616 | +87997.1% |
| Other operating charges | 640/8 | €982 | €1,087 | +€105 | +10.7% |
| Gross operating margin | 9900 | €58,252 | €79,515 | +€21,262 | +36.5% |
| Operating profit (loss) | 9901 | €57,269 | €77,811 | +€20,542 | +35.9% |
| Financial income | 75/76B | €400 | €705 | +€305 | +76.2% |
| Recurring financial income | 75 | €400 | €705 | +€305 | +76.2% |
| Financial charges | 65/66B | €28 | €47 | +€19 | +68.2% |
| Recurring financial charges | 65 | €28 | €47 | +€19 | +68.2% |
| Profit (loss) for the period before taxes | 9903 | €57,642 | €78,469 | +€20,828 | +36.1% |
| Income taxes | 67/77 | €17,185 | €22,644 | +€5,459 | +31.8% |
| Profit (loss) for the period | 9904 | €40,457 | €55,826 | +€15,368 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,457 | €55,826 | +€15,368 | +38.0% |
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 30 September 2026 via checked.be.