BE A PROJECT: 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.
BE A PROJECT
Largest movements
- Cash -€14,357
down €14,357 (-11.2%), from €127,755 to €113,398
mainly Other debts (-€12,021) and Investment in fixed assets (net) (-€11,862)
- Tangible fixed assets +€10,510
up €10,510 (+1341.3%), from €784 to €11,294
of which Furniture and vehicles: +€7,465
- Receivables within one year +€8,470
up €8,470 (+171.6%), from €4,937 to €13,407
of which Trade receivables: +€8,470
- Reserves +€15,801
up €15,801 (+17.4%), from €90,835 to €106,636
of which Distributable reserves: +€15,801
- Accrued charges and deferred income +€12,432
new in 2024: €12,432
- Other debts -€12,021
no longer reported in 2024 (was €12,021)
- Tax, wage and social debts -€10,288
down €10,288 (-59.3%), from €17,343 to €7,055
of which Taxes: -€5,658
- Gross operating margin +€17,181
up €17,181 (+191.3%), from €8,979 to €26,160
- Financial charges +€3,327
up €3,327 (+7509.2%), from €44 to €3,371
- Taxes +€1,448
up €1,448 (+46.7%), from €3,099 to €4,547
- Other operating charges -€534
down €534 (-32.9%), from €1,624 to €1,090
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 | €134,020 | €139,431 | +€5,410 | +4.0% |
| Fixed assets | 21/28 | €784 | €11,294 | +€10,510 | +1341.3% |
| Tangible fixed assets | 22/27 | €784 | €11,294 | +€10,510 | +1341.3% |
| Plant, machinery and equipment | 23 | €784 | €3,829 | +€3,045 | +388.6% |
| Furniture and vehicles | 24 | - | €7,465 | +€7,465 | |
| Current assets | 29/58 | €133,237 | €128,137 | -€5,100 | -3.8% |
| Amounts receivable within one year | 40/41 | €4,937 | €13,407 | +€8,470 | +171.6% |
| Trade receivables | 40 | - | €8,470 | +€8,470 | |
| Other amounts receivable | 41 | €4,937 | €4,937 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €127,755 | €113,398 | -€14,357 | -11.2% |
| Deferred charges and accrued income | 490/1 | €545 | €1,332 | +€787 | +144.3% |
| Total equity and liabilities | 10/49 | €134,020 | €139,431 | +€5,410 | +4.0% |
| Equity | 10/15 | €97,335 | €113,136 | +€15,801 | +16.2% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Capital | 10 | €6,500 | €6,500 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,100 | €12,100 | = | 0.0% |
| Reserves | 13 | €90,835 | €106,636 | +€15,801 | +17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €88,975 | €104,776 | +€15,801 | +17.8% |
| Amounts payable | 17/49 | €36,685 | €26,294 | -€10,391 | -28.3% |
| Amounts payable within one year | 42/48 | €36,685 | €13,862 | -€22,823 | -62.2% |
| Financial debts | 43 | - | €59 | +€59 | |
| Credit institutions | 430/8 | - | €59 | +€59 | |
| Trade debts | 44 | €7,321 | €6,748 | -€573 | -7.8% |
| Suppliers | 440/4 | €7,321 | €6,748 | -€573 | -7.8% |
| Taxes, remuneration and social security | 45 | €17,343 | €7,055 | -€10,288 | -59.3% |
| Taxes | 450/3 | €10,564 | €4,906 | -€5,658 | -53.6% |
| Remuneration and social security | 454/9 | €6,778 | €2,149 | -€4,630 | -68.3% |
| Other amounts payable | 47/48 | €12,021 | - | -€12,021 | |
| Accrued charges and deferred income | 492/3 | - | €12,432 | +€12,432 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,584 | €1,351 | -€233 | -14.7% |
| Other operating charges | 640/8 | €1,624 | €1,090 | -€534 | -32.9% |
| Gross operating margin | 9900 | €8,979 | €26,160 | +€17,181 | +191.3% |
| Operating profit (loss) | 9901 | €5,771 | €23,718 | +€17,947 | +311.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €44 | €3,371 | +€3,327 | +7509.2% |
| Recurring financial charges | 65 | €44 | €3,371 | +€3,327 | +7509.2% |
| Profit (loss) for the period before taxes | 9903 | €5,727 | €20,347 | +€14,621 | +255.3% |
| Income taxes | 67/77 | €3,099 | €4,547 | +€1,448 | +46.7% |
| Profit (loss) for the period | 9904 | €2,628 | €15,801 | +€13,173 | +501.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,628 | €15,801 | +€13,173 | +501.2% |
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.