Bob Maes: 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.
Bob Maes
Largest movements
- Receivables within one year +€26,055
up €26,055 (+79.2%), from €32,906 to €58,961
of which Other amounts receivable: +€32,999
- Tangible fixed assets -€14,468
down €14,468 (-29.7%), from €48,685 to €34,217
of which Furniture and vehicles: -€14,465
- Cash +€13,570
up €13,570 (+194.6%), from €6,973 to €20,543
mainly Short-term financial debts (+€24,778) and Depreciation (+€14,468)
- Short-term financial debts +€24,778
up €24,778 (+37204.9%), from €67 to €24,845
- Reserves +€10,000
up €10,000 (+33.3%), from €30,000 to €40,000
- Debts after one year -€7,642
down €7,642 (-56.6%), from €13,497 to €5,855
- Other debts -€5,432
down €5,432 (-100.0%), from €5,432 to €0
- Tax, wage and social debts +€4,980
up €4,980 (+26.7%), from €18,655 to €23,635
- Financial charges +€2,536
up €2,536 (+213.5%), from €1,188 to €3,724
- Depreciation +€1,999
up €1,999 (+16.0%), from €12,469 to €14,468
- Gross operating margin +€1,390
up €1,390 (+4.3%), from €32,324 to €33,714
- Other operating charges -€877
down €877 (-41.5%), from €2,115 to €1,238
- Taxes -€826
down €826 (-15.9%), from €5,207 to €4,381
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 | €89,292 | €114,302 | +€25,010 | +28.0% |
| Fixed assets | 21/28 | €48,685 | €34,217 | -€14,468 | -29.7% |
| Tangible fixed assets | 22/27 | €48,685 | €34,217 | -€14,468 | -29.7% |
| Plant, machinery and equipment | 23 | €3 | €0 | -€3 | -100.0% |
| Furniture and vehicles | 24 | €48,681 | €34,217 | -€14,465 | -29.7% |
| Current assets | 29/58 | €40,607 | €80,085 | +€39,478 | +97.2% |
| Amounts receivable within one year | 40/41 | €32,906 | €58,961 | +€26,055 | +79.2% |
| Trade receivables | 40 | €28,078 | €21,134 | -€6,944 | -24.7% |
| Other amounts receivable | 41 | €4,828 | €37,827 | +€32,999 | +683.4% |
| Cash at bank and in hand | 54/58 | €6,973 | €20,543 | +€13,570 | +194.6% |
| Deferred charges and accrued income | 490/1 | €728 | €581 | -€147 | -20.2% |
| Total equity and liabilities | 10/49 | €89,292 | €114,302 | +€25,010 | +28.0% |
| Equity | 10/15 | €36,581 | €47,546 | +€10,964 | +30.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €40,000 | +€10,000 | +33.3% |
| Distributable reserves | 133 | €30,000 | €40,000 | +€10,000 | +33.3% |
| Profit (loss) carried forward | 14 | €3,581 | €4,546 | +€964 | +26.9% |
| Amounts payable | 17/49 | €52,711 | €66,757 | +€14,046 | +26.6% |
| Amounts payable after more than one year | 17 | €13,497 | €5,855 | -€7,642 | -56.6% |
| Financial debts | 170/4 | €13,497 | €5,855 | -€7,642 | -56.6% |
| Amounts payable within one year | 42/48 | €39,214 | €60,901 | +€21,688 | +55.3% |
| Current portion of amounts payable after more than one year | 42 | €7,196 | €7,642 | +€446 | +6.2% |
| Financial debts | 43 | €67 | €24,845 | +€24,778 | +37204.9% |
| Credit institutions | 430/8 | €67 | €24,845 | +€24,778 | +37204.9% |
| Trade debts | 44 | €7,864 | €4,780 | -€3,084 | -39.2% |
| Suppliers | 440/4 | €7,864 | €4,780 | -€3,084 | -39.2% |
| Taxes, remuneration and social security | 45 | €18,655 | €23,635 | +€4,980 | +26.7% |
| Taxes | 450/3 | €18,655 | €23,635 | +€4,980 | +26.7% |
| Other amounts payable | 47/48 | €5,432 | €0 | -€5,432 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,469 | €14,468 | +€1,999 | +16.0% |
| Other operating charges | 640/8 | €2,115 | €1,238 | -€877 | -41.5% |
| Gross operating margin | 9900 | €32,324 | €33,714 | +€1,390 | +4.3% |
| Operating profit (loss) | 9901 | €17,740 | €18,008 | +€268 | +1.5% |
| Financial income | 75/76B | €257 | €1,061 | +€805 | +313.1% |
| Recurring financial income | 75 | €257 | €1,061 | +€805 | +313.1% |
| Financial charges | 65/66B | €1,188 | €3,724 | +€2,536 | +213.5% |
| Recurring financial charges | 65 | €1,188 | €3,724 | +€2,536 | +213.5% |
| Profit (loss) for the period before taxes | 9903 | €16,809 | €15,345 | -€1,464 | -8.7% |
| Income taxes | 67/77 | €5,207 | €4,381 | -€826 | -15.9% |
| Profit (loss) for the period | 9904 | €11,602 | €10,964 | -€638 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,602 | €10,964 | -€638 | -5.5% |
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 8 October 2026 via checked.be.