Breakout: 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.
Breakout
Largest movements
- Cash +€18,518
up €18,518 (+71.5%), from €25,910 to €44,428
mainly Net result for the year (+€11,537) and Depreciation (+€10,850)
- Tangible fixed assets -€10,850
down €10,850 (-64.4%), from €16,836 to €5,986
of which Plant, machinery and equipment: -€8,649
- Deferred charges and accrued income -€2,905
no longer reported in 2024 (was €2,905)
- Receivables within one year +€789
up €789 (+24.6%), from €3,203 to €3,992
of which Other amounts receivable: +€710
- Profit (loss) carried forward +€11,537
up €11,537 (+52.4%), from €22,013 to €33,550
- Trade debts -€5,985
down €5,985 (-98.9%), from €6,051 to €66
- Gross operating margin +€11,392
up €11,392 (+100.0%), from €11,391 to €22,784
- Depreciation -€694
down €694 (-6.0%), from €11,544 to €10,850
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 | €48,854 | €54,406 | +€5,552 | +11.4% |
| Fixed assets | 21/28 | €16,836 | €5,986 | -€10,850 | -64.4% |
| Tangible fixed assets | 22/27 | €16,836 | €5,986 | -€10,850 | -64.4% |
| Plant, machinery and equipment | 23 | €14,268 | €5,619 | -€8,649 | -60.6% |
| Furniture and vehicles | 24 | €2,568 | €367 | -€2,201 | -85.7% |
| Current assets | 29/58 | €32,018 | €48,420 | +€16,402 | +51.2% |
| Amounts receivable within one year | 40/41 | €3,203 | €3,992 | +€789 | +24.6% |
| Trade receivables | 40 | - | €80 | +€80 | |
| Other amounts receivable | 41 | €3,203 | €3,912 | +€710 | +22.2% |
| Cash at bank and in hand | 54/58 | €25,910 | €44,428 | +€18,518 | +71.5% |
| Deferred charges and accrued income | 490/1 | €2,905 | - | -€2,905 | |
| Total equity and liabilities | 10/49 | €48,854 | €54,406 | +€5,552 | +11.4% |
| Equity | 10/15 | €42,803 | €54,340 | +€11,537 | +27.0% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €1,890 | €1,890 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,890 | - | -€1,890 | |
| Reserves not available under the articles | 1311 | €1,890 | - | -€1,890 | |
| Distributable reserves | 133 | - | €1,890 | +€1,890 | |
| Profit (loss) carried forward | 14 | €22,013 | €33,550 | +€11,537 | +52.4% |
| Amounts payable | 17/49 | €6,051 | €66 | -€5,985 | -98.9% |
| Amounts payable within one year | 42/48 | €6,051 | €66 | -€5,985 | -98.9% |
| Trade debts | 44 | €6,051 | €66 | -€5,985 | -98.9% |
| Suppliers | 440/4 | €6,051 | €66 | -€5,985 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,544 | €10,850 | -€694 | -6.0% |
| Other operating charges | 640/8 | €367 | €247 | -€121 | -32.8% |
| Gross operating margin | 9900 | €11,391 | €22,784 | +€11,392 | +100.0% |
| Operating profit (loss) | 9901 | -€521 | €11,687 | +€12,207 | |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €138 | €150 | +€12 | +8.4% |
| Recurring financial charges | 65 | €138 | €150 | +€12 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€638 | €11,537 | +€12,175 | |
| Profit (loss) for the period | 9904 | -€638 | €11,537 | +€12,175 | |
| Profit (loss) for the period to be appropriated | 9905 | -€638 | €11,537 | +€12,175 |
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 7 October 2026 via checked.be.