CAPITAL: 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.
CAPITAL
Largest movements
- Intangible fixed assets +€90,000
new in 2024: €90,000
- Receivables within one year +€21,320
up €21,320 (+115%), from €18,549 to €39,869
of which Other amounts receivable: +€20,896
- Deferred charges and accrued income -€3,087
no longer reported in 2024 (was €3,087)
- Cash -€1,805
down €1,805 (-8.5%), from €21,255 to €19,450
mainly Investment in fixed assets (net) (-€90,000) and Receivables within one year (-€21,320)
- Other debts +€55,535
new in 2024: €55,535
- Current portion of long-term debt +€35,000
new in 2024: €35,000
- Profit (loss) carried forward +€12,353
up €12,353 (+50.3%), from €24,559 to €36,912
- Trade debts +€2,652
up €2,652, from €0 to €2,652
- Turnover +€29,334
up €29,334 (+20.0%), from €146,500 to €175,834
- Purchases and services +€20,350
up €20,350 (+16.7%), from €121,848 to €142,198
- Gross operating margin +€10,390
up €10,390 (+42.0%), from €24,726 to €35,116
- Other operating charges +€8,895
up €8,895 (+179%), from €4,966 to €13,861
- Staff costs +€7,206
up €7,206 (+341%), from €2,115 to €9,321
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.
Derived cash bridge
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 | €44,207 | €150,635 | +€106,428 | +241% |
| Fixed assets | 21/28 | €275 | €90,275 | +€90,000 | +32,727% |
| Intangible fixed assets | 21 | - | €90,000 | +€90,000 | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €43,932 | €60,360 | +€16,428 | +37.4% |
| Stocks and contracts in progress | 3 | €1,041 | €1,041 | +€0 | 0.0% |
| Stocks | 30/36 | €1,041 | €1,041 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €18,549 | €39,869 | +€21,320 | +115% |
| Trade receivables | 40 | - | €424 | +€424 | |
| Other amounts receivable | 41 | €18,549 | €39,445 | +€20,896 | +113% |
| Cash at bank and in hand | 54/58 | €21,255 | €19,450 | -€1,805 | -8.5% |
| Deferred charges and accrued income | 490/1 | €3,087 | - | -€3,087 | |
| Total equity and liabilities | 10/49 | €44,207 | €150,635 | +€106,428 | +241% |
| Equity | 10/15 | €43,109 | €55,462 | +€12,353 | +28.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | - | -€18,550 | |
| Issued capital | 100 | €18,550 | - | -€18,550 | |
| Contributions outside capital | 11 | - | €18,550 | +€18,550 | |
| Other | 1109/19 | - | €18,550 | +€18,550 | |
| Profit (loss) carried forward | 14 | €24,559 | €36,912 | +€12,353 | +50.3% |
| Amounts payable | 17/49 | €1,098 | €95,173 | +€94,075 | +8,568% |
| Amounts payable within one year | 42/48 | €1,098 | €95,173 | +€94,075 | +8,568% |
| Current portion of amounts payable after more than one year | 42 | - | €35,000 | +€35,000 | |
| Trade debts | 44 | €0 | €2,652 | +€2,652 | |
| Suppliers | 440/4 | €0 | €2,652 | +€2,652 | |
| Taxes, remuneration and social security | 45 | €1,098 | €1,986 | +€888 | +80.9% |
| Taxes | 450/3 | €1,098 | €1,986 | +€888 | +80.9% |
| Other amounts payable | 47/48 | - | €55,535 | +€55,535 | |
| Turnover | 70 | €146,500 | €175,834 | +€29,334 | +20.0% |
| Non-recurring operating income | 76A | €74 | €1,479 | +€1,405 | +1,899% |
| Goods, raw materials, services and sundry goods | 60/61 | €121,848 | €142,198 | +€20,350 | +16.7% |
| Remuneration, social security and pensions | 62 | €2,115 | €9,321 | +€7,206 | +341% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | - | -€240 | |
| Other operating charges | 640/8 | €4,966 | €13,861 | +€8,895 | +179% |
| Non-recurring operating charges | 66A | - | €4 | +€4 | |
| Gross operating margin | 9900 | €24,726 | €35,116 | +€10,390 | +42.0% |
| Operating profit (loss) | 9901 | €17,405 | €11,930 | -€5,475 | -31.5% |
| Financial income | 75/76B | - | €1,701 | +€1,701 | |
| Recurring financial income | 75 | - | €1,701 | +€1,701 | |
| Financial charges | 65/66B | €733 | €1,077 | +€344 | +47.0% |
| Recurring financial charges | 65 | €733 | €1,077 | +€344 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €16,672 | €12,553 | -€4,119 | -24.7% |
| Profit (loss) for the period | 9904 | €16,672 | €12,553 | -€4,119 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,672 | €12,553 | -€4,119 | -24.7% |
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 26 October 2026 via checked.be.