B-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.
B-LINK
Largest movements
- Cash +€25,603
up €25,603 (+553.3%), from €4,627 to €30,231
mainly Net result for the year (+€45,243) and Trade debts (+€8,677)
- Deferred charges and accrued income +€9,383
up €9,383 (+32.9%), from €28,535 to €37,918
- Tangible fixed assets +€8,149
up €8,149 (+1072.2%), from €760 to €8,909
of which Furniture and vehicles: +€8,353
- Receivables within one year -€4,199
down €4,199 (-5.6%), from €75,148 to €70,948
of which Other amounts receivable: -€10,715
- Reserves +€45,243
up €45,243 (+29.4%), from €153,949 to €199,192
- Debts after one year -€13,529
down €13,529 (-17.6%), from €76,672 to €63,143
- Trade debts +€8,677
up €8,677 (+39.8%), from €21,785 to €30,462
- Gross operating margin +€3,918
up €3,918 (+6.2%), from €63,396 to €67,313
- Taxes -€2,473
down €2,473 (-15.4%), from €16,047 to €13,574
- Depreciation -€2,194
down €2,194 (-50.2%), from €4,373 to €2,179
- Financial charges +€792
up €792 (+17.4%), from €4,558 to €5,350
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 | €279,652 | €320,763 | +€41,112 | +14.7% |
| Fixed assets | 21/28 | €171,342 | €179,491 | +€8,149 | +4.8% |
| Tangible fixed assets | 22/27 | €760 | €8,909 | +€8,149 | +1072.2% |
| Plant, machinery and equipment | 23 | €760 | €556 | -€204 | -26.9% |
| Furniture and vehicles | 24 | - | €8,353 | +€8,353 | |
| Financial fixed assets | 28 | €170,582 | €170,582 | = | 0.0% |
| Current assets | 29/58 | €108,310 | €141,273 | +€32,963 | +30.4% |
| Stocks and contracts in progress | 3 | - | €2,176 | +€2,176 | |
| Stocks | 30/36 | - | €2,176 | +€2,176 | |
| Amounts receivable within one year | 40/41 | €75,148 | €70,948 | -€4,199 | -5.6% |
| Trade receivables | 40 | €64,432 | €70,948 | +€6,516 | +10.1% |
| Other amounts receivable | 41 | €10,715 | - | -€10,715 | |
| Cash at bank and in hand | 54/58 | €4,627 | €30,231 | +€25,603 | +553.3% |
| Deferred charges and accrued income | 490/1 | €28,535 | €37,918 | +€9,383 | +32.9% |
| Total equity and liabilities | 10/49 | €279,652 | €320,763 | +€41,112 | +14.7% |
| Equity | 10/15 | €153,949 | €199,192 | +€45,243 | +29.4% |
| Reserves | 13 | €153,949 | €199,192 | +€45,243 | +29.4% |
| Distributable reserves | 133 | €153,949 | €199,192 | +€45,243 | +29.4% |
| Amounts payable | 17/49 | €125,703 | €121,571 | -€4,132 | -3.3% |
| Amounts payable after more than one year | 17 | €76,672 | €63,143 | -€13,529 | -17.6% |
| Financial debts | 170/4 | €76,672 | €63,143 | -€13,529 | -17.6% |
| Amounts payable within one year | 42/48 | €49,030 | €58,428 | +€9,397 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €19,862 | €18,038 | -€1,823 | -9.2% |
| Trade debts | 44 | €21,785 | €30,462 | +€8,677 | +39.8% |
| Suppliers | 440/4 | €21,785 | €30,462 | +€8,677 | +39.8% |
| Taxes, remuneration and social security | 45 | €7,384 | €9,853 | +€2,470 | +33.4% |
| Taxes | 450/3 | €7,384 | €9,853 | +€2,470 | +33.4% |
| Other amounts payable | 47/48 | - | €74 | +€74 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,373 | €2,179 | -€2,194 | -50.2% |
| Other operating charges | 640/8 | €527 | €973 | +€446 | +84.7% |
| Gross operating margin | 9900 | €63,396 | €67,313 | +€3,918 | +6.2% |
| Operating profit (loss) | 9901 | €58,496 | €64,162 | +€5,666 | +9.7% |
| Financial income | 75/76B | €33 | €5 | -€27 | -83.5% |
| Recurring financial income | 75 | €33 | €5 | -€27 | -83.5% |
| Financial charges | 65/66B | €4,558 | €5,350 | +€792 | +17.4% |
| Recurring financial charges | 65 | €4,558 | €5,350 | +€792 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €53,971 | €58,817 | +€4,846 | +9.0% |
| Income taxes | 67/77 | €16,047 | €13,574 | -€2,473 | -15.4% |
| Profit (loss) for the period | 9904 | €37,924 | €45,243 | +€7,320 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,924 | €45,243 | +€7,320 | +19.3% |
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 3 October 2026 via checked.be.