BSC: 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.
BSC
Largest movements
- Receivables within one year +€6,044
up €6,044 (+14213.7%), from €43 to €6,086
of which Trade receivables: +€6,078
- Tangible fixed assets -€4,492
down €4,492 (-14.9%), from €30,104 to €25,612
- Deferred charges and accrued income +€1,611
new in 2024: €1,611
- Cash +€534
up €534 (+6.5%), from €8,192 to €8,726
mainly Net result for the year (+€37,528) and Depreciation (+€7,093)
- Profit (loss) carried forward +€37,528
up €37,528 (+18.8%), from -€199,940 to -€162,411
- Debts after one year -€36,000
down €36,000 (-15.7%), from €230,000 to €194,000
- Tax, wage and social debts +€2,075
up €2,075 (+48.3%), from €4,294 to €6,369
- Gross operating margin +€32,199
up €32,199 (+110.1%), from €29,245 to €61,445
- Depreciation +€3,697
up €3,697 (+108.9%), from €3,396 to €7,093
- Financial charges +€2,759
up €2,759 (+22.9%), from €12,063 to €14,822
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 | €38,499 | €42,195 | +€3,696 | +9.6% |
| Fixed assets | 21/28 | €30,264 | €25,772 | -€4,492 | -14.8% |
| Tangible fixed assets | 22/27 | €30,104 | €25,612 | -€4,492 | -14.9% |
| Furniture and vehicles | 24 | €30,104 | €25,612 | -€4,492 | -14.9% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €8,235 | €16,423 | +€8,188 | +99.4% |
| Amounts receivable within one year | 40/41 | €43 | €6,086 | +€6,044 | +14213.7% |
| Trade receivables | 40 | - | €6,078 | +€6,078 | |
| Other amounts receivable | 41 | €43 | €9 | -€34 | -79.6% |
| Cash at bank and in hand | 54/58 | €8,192 | €8,726 | +€534 | +6.5% |
| Deferred charges and accrued income | 490/1 | - | €1,611 | +€1,611 | |
| Total equity and liabilities | 10/49 | €38,499 | €42,195 | +€3,696 | +9.6% |
| Equity | 10/15 | -€196,940 | -€159,411 | +€37,528 | +19.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,940 | -€162,411 | +€37,528 | +18.8% |
| Amounts payable | 17/49 | €235,438 | €201,606 | -€33,832 | -14.4% |
| Amounts payable after more than one year | 17 | €230,000 | €194,000 | -€36,000 | -15.7% |
| Financial debts | 170/4 | €230,000 | €194,000 | -€36,000 | -15.7% |
| Amounts payable within one year | 42/48 | €5,438 | €7,606 | +€2,168 | +39.9% |
| Trade debts | 44 | €103 | €392 | +€290 | +281.6% |
| Suppliers | 440/4 | €103 | €392 | +€290 | +281.6% |
| Taxes, remuneration and social security | 45 | €4,294 | €6,369 | +€2,075 | +48.3% |
| Taxes | 450/3 | €4,294 | €6,369 | +€2,075 | +48.3% |
| Other amounts payable | 47/48 | €1,042 | €845 | -€197 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,396 | €7,093 | +€3,697 | +108.9% |
| Other operating charges | 640/8 | €2,043 | €1,730 | -€312 | -15.3% |
| Gross operating margin | 9900 | €29,245 | €61,445 | +€32,199 | +110.1% |
| Operating profit (loss) | 9901 | €23,807 | €52,622 | +€28,815 | +121.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €12,063 | €14,822 | +€2,759 | +22.9% |
| Recurring financial charges | 65 | €12,063 | €14,822 | +€2,759 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €11,744 | €37,800 | +€26,056 | +221.9% |
| Income taxes | 67/77 | €133 | €272 | +€139 | +104.8% |
| Profit (loss) for the period | 9904 | €11,611 | €37,528 | +€25,917 | +223.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,611 | €37,528 | +€25,917 | +223.2% |
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 29 September 2026 via checked.be.