C. M.: 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.
C. M.
Largest movements
- Cash +€83,255
up €83,255 (+82.4%), from €101,072 to €184,327
mainly Net result for the year (+€38,803) and Other debts (+€34,950)
- Receivables within one year -€10,388
down €10,388 (-62.0%), from €16,745 to €6,357
of which Other amounts receivable: -€6,858
- Tangible fixed assets -€8,815
down €8,815 (-47.3%), from €18,633 to €9,818
of which Furniture and vehicles: -€8,421
- Stocks and contracts -€5,173
down €5,173 (-22.6%), from €22,872 to €17,699
- Deferred charges and accrued income +€2,396
up €2,396 (+110.8%), from €2,162 to €4,558
- Other debts +€34,950
up €34,950 (+453.9%), from €7,700 to €42,650
- Tax, wage and social debts +€27,049
up €27,049 (+74.3%), from €36,413 to €63,462
of which Taxes: +€18,280
- Reserves -€13,000
down €13,000 (-13.1%), from €99,550 to €86,550
- Trade debts +€12,472
up €12,472 (+3305.8%), from €377 to €12,850
- Gross operating margin +€48,253
up €48,253 (+89.7%), from €53,799 to €102,052
- Staff costs +€29,444
up €29,444 (+363.5%), from €8,101 to €37,544
- Other operating charges +€4,406
up €4,406 (+346.7%), from €1,271 to €5,676
- Depreciation +€2,613
up €2,613 (+81.1%), from €3,222 to €5,835
- Taxes +€1,686
up €1,686 (+17.0%), from €9,908 to €11,594
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 | €164,912 | €226,187 | +€61,275 | +37.2% |
| Fixed assets | 21/28 | €22,061 | €13,246 | -€8,815 | -40.0% |
| Tangible fixed assets | 22/27 | €18,633 | €9,818 | -€8,815 | -47.3% |
| Furniture and vehicles | 24 | €17,225 | €8,804 | -€8,421 | -48.9% |
| Other tangible fixed assets | 26 | €1,407 | €1,014 | -€393 | -28.0% |
| Financial fixed assets | 28 | €3,428 | €3,428 | = | 0.0% |
| Current assets | 29/58 | €142,851 | €212,941 | +€70,089 | +49.1% |
| Stocks and contracts in progress | 3 | €22,872 | €17,699 | -€5,173 | -22.6% |
| Stocks | 30/36 | €22,872 | €17,699 | -€5,173 | -22.6% |
| Amounts receivable within one year | 40/41 | €16,745 | €6,357 | -€10,388 | -62.0% |
| Trade receivables | 40 | €8,121 | €4,591 | -€3,530 | -43.5% |
| Other amounts receivable | 41 | €8,624 | €1,766 | -€6,858 | -79.5% |
| Cash at bank and in hand | 54/58 | €101,072 | €184,327 | +€83,255 | +82.4% |
| Deferred charges and accrued income | 490/1 | €2,162 | €4,558 | +€2,396 | +110.8% |
| Total equity and liabilities | 10/49 | €164,912 | €226,187 | +€61,275 | +37.2% |
| Equity | 10/15 | €120,422 | €107,225 | -€13,197 | -11.0% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €99,550 | €86,550 | -€13,000 | -13.1% |
| Distributable reserves | 133 | €99,550 | €86,550 | -€13,000 | -13.1% |
| Profit (loss) carried forward | 14 | €421 | €224 | -€197 | -46.7% |
| Amounts payable | 17/49 | €44,490 | €118,961 | +€74,471 | +167.4% |
| Amounts payable within one year | 42/48 | €44,490 | €118,961 | +€74,471 | +167.4% |
| Trade debts | 44 | €377 | €12,850 | +€12,472 | +3305.8% |
| Suppliers | 440/4 | €377 | €12,850 | +€12,472 | +3305.8% |
| Taxes, remuneration and social security | 45 | €36,413 | €63,462 | +€27,049 | +74.3% |
| Taxes | 450/3 | €36,349 | €54,629 | +€18,280 | +50.3% |
| Remuneration and social security | 454/9 | €64 | €8,833 | +€8,768 | +13683.6% |
| Other amounts payable | 47/48 | €7,700 | €42,650 | +€34,950 | +453.9% |
| Remuneration, social security and pensions | 62 | €8,101 | €37,544 | +€29,444 | +363.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,222 | €5,835 | +€2,613 | +81.1% |
| Other operating charges | 640/8 | €1,271 | €5,676 | +€4,406 | +346.7% |
| Non-recurring operating charges | 66A | €1,430 | - | -€1,430 | |
| Gross operating margin | 9900 | €53,799 | €102,052 | +€48,253 | +89.7% |
| Operating profit (loss) | 9901 | €39,775 | €52,995 | +€13,220 | +33.2% |
| Financial income | 75/76B | €39 | - | -€39 | |
| Recurring financial income | 75 | €39 | - | -€39 | |
| Financial charges | 65/66B | €1,913 | €2,597 | +€685 | +35.8% |
| Recurring financial charges | 65 | €1,913 | €2,597 | +€685 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €37,901 | €50,398 | +€12,497 | +33.0% |
| Income taxes | 67/77 | €9,908 | €11,594 | +€1,686 | +17.0% |
| Profit (loss) for the period | 9904 | €27,993 | €38,803 | +€10,811 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,993 | €38,803 | +€10,811 | +38.6% |
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.