CODE MARROW: 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.
CODE MARROW
Largest movements
- Receivables within one year -€13,228
down €13,228 (-39.1%), from €33,849 to €20,622
- Cash +€9,055
up €9,055 (+8.4%), from €107,351 to €116,406
mainly Net result for the year (+€21,185) and Receivables within one year (+€13,228)
- Profit (loss) carried forward +€21,185
up €21,185 (+39.0%), from €54,359 to €75,544
- Tax, wage and social debts -€18,320
down €18,320 (-60.8%), from €30,130 to €11,810
- Other debts -€5,008
down €5,008 (-31.0%), from €16,144 to €11,136
- Trade debts -€2,028
down €2,028 (-16.3%), from €12,444 to €10,416
- Gross operating margin -€5,750
down €5,750 (-17.4%), from €33,135 to €27,385
- Taxes -€1,332
down €1,332 (-18.1%), from €7,363 to €6,031
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 | €141,200 | €137,028 | -€4,172 | -3.0% |
| Current assets | 29/58 | €141,200 | €137,028 | -€4,172 | -3.0% |
| Amounts receivable within one year | 40/41 | €33,849 | €20,622 | -€13,228 | -39.1% |
| Trade receivables | 40 | €33,849 | €20,622 | -€13,228 | -39.1% |
| Cash at bank and in hand | 54/58 | €107,351 | €116,406 | +€9,055 | +8.4% |
| Total equity and liabilities | 10/49 | €141,200 | €137,028 | -€4,172 | -3.0% |
| Equity | 10/15 | €82,482 | €103,666 | +€21,185 | +25.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €26,122 | €26,122 | = | 0.0% |
| Distributable reserves | 133 | €26,122 | €26,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,359 | €75,544 | +€21,185 | +39.0% |
| Amounts payable | 17/49 | €58,719 | €33,362 | -€25,357 | -43.2% |
| Amounts payable within one year | 42/48 | €58,719 | €33,362 | -€25,357 | -43.2% |
| Trade debts | 44 | €12,444 | €10,416 | -€2,028 | -16.3% |
| Suppliers | 440/4 | €12,444 | €10,416 | -€2,028 | -16.3% |
| Taxes, remuneration and social security | 45 | €30,130 | €11,810 | -€18,320 | -60.8% |
| Taxes | 450/3 | €30,130 | €11,810 | -€18,320 | -60.8% |
| Other amounts payable | 47/48 | €16,144 | €11,136 | -€5,008 | -31.0% |
| Gross operating margin | 9900 | €33,135 | €27,385 | -€5,750 | -17.4% |
| Operating profit (loss) | 9901 | €33,135 | €27,385 | -€5,750 | -17.4% |
| Financial charges | 65/66B | €147 | €169 | +€22 | +15.1% |
| Recurring financial charges | 65 | €147 | €169 | +€22 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €32,988 | €27,216 | -€5,772 | -17.5% |
| Income taxes | 67/77 | €7,363 | €6,031 | -€1,332 | -18.1% |
| Profit (loss) for the period | 9904 | €25,625 | €21,185 | -€4,440 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,625 | €21,185 | -€4,440 | -17.3% |
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.