BALANCE: 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.
BALANCE
Largest movements
- Tangible fixed assets +€11,462
up €11,462 (+72.3%), from €15,860 to €27,322
of which Furniture and vehicles: +€19,482
- Receivables within one year +€6,055
up €6,055 (+82.8%), from €7,311 to €13,366
of which Trade receivables: +€5,855
- Intangible fixed assets -€5,592
no longer reported in 2024 (was €5,592)
- Other debts +€122,641
up €122,641 (+79.2%), from €154,762 to €277,403
- Current portion of long-term debt -€105,718
no longer reported in 2024 (was €105,718)
- Profit (loss) carried forward -€13,019
down €13,019 (-1.1%), from -€1.2m to -€1.2m
- Trade debts +€7,775
up €7,775 (+28.8%), from €27,006 to €34,781
- Gross operating margin +€35,779
up €35,779, from -€20,119 to €15,660
- Depreciation -€18,664
down €18,664 (-45.4%), from €41,113 to €22,449
- Write-downs -€11,679
no longer reported in 2024 (was €11,679)
- Financial charges -€4,337
down €4,337 (-45.6%), from €9,514 to €5,177
- Other operating charges -€838
down €838 (-50.0%), from €1,675 to €837
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 | €29,276 | €41,006 | +€11,730 | +40.1% |
| Fixed assets | 21/28 | €21,452 | €27,322 | +€5,870 | +27.4% |
| Intangible fixed assets | 21 | €5,592 | - | -€5,592 | |
| Tangible fixed assets | 22/27 | €15,860 | €27,322 | +€11,462 | +72.3% |
| Furniture and vehicles | 24 | €7,840 | €27,322 | +€19,482 | +248% |
| Other tangible fixed assets | 26 | €8,020 | - | -€8,020 | |
| Current assets | 29/58 | €7,824 | €13,685 | +€5,861 | +74.9% |
| Amounts receivable within one year | 40/41 | €7,311 | €13,366 | +€6,055 | +82.8% |
| Trade receivables | 40 | €3,161 | €9,016 | +€5,855 | +185% |
| Other amounts receivable | 41 | €4,149 | €4,349 | +€200 | +4.8% |
| Cash at bank and in hand | 54/58 | €513 | €319 | -€194 | -37.8% |
| Total equity and liabilities | 10/49 | €29,276 | €41,006 | +€11,730 | +40.1% |
| Equity | 10/15 | -€258,880 | -€271,899 | -€13,019 | -5.0% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,158,880 | -€1,171,899 | -€13,019 | -1.1% |
| Amounts payable | 17/49 | €288,157 | €312,906 | +€24,749 | +8.6% |
| Amounts payable within one year | 42/48 | €288,157 | €312,906 | +€24,749 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €105,718 | - | -€105,718 | |
| Trade debts | 44 | €27,006 | €34,781 | +€7,775 | +28.8% |
| Suppliers | 440/4 | €27,006 | €34,781 | +€7,775 | +28.8% |
| Taxes, remuneration and social security | 45 | €670 | €722 | +€52 | +7.7% |
| Taxes | 450/3 | €670 | €722 | +€52 | +7.7% |
| Other amounts payable | 47/48 | €154,762 | €277,403 | +€122,641 | +79.2% |
| Non-recurring operating income | 76A | - | €3,401 | +€3,401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,113 | €22,449 | -€18,664 | -45.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,679 | - | -€11,679 | |
| Other operating charges | 640/8 | €1,675 | €837 | -€838 | -50.0% |
| Gross operating margin | 9900 | -€20,119 | €15,660 | +€35,779 | |
| Operating profit (loss) | 9901 | -€74,586 | -€7,626 | +€66,960 | +89.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €9,514 | €5,177 | -€4,337 | -45.6% |
| Recurring financial charges | 65 | €9,514 | €5,177 | -€4,337 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | -€84,101 | -€12,803 | +€71,298 | +84.8% |
| Income taxes | 67/77 | €132 | €216 | +€85 | +64.3% |
| Profit (loss) for the period | 9904 | -€84,232 | -€13,019 | +€71,213 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,232 | -€13,019 | +€71,213 | +84.5% |
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 16 October 2026 via checked.be.