CORRECT PROJECT: 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.
CORRECT PROJECT
Largest movements
- Receivables within one year +€32,449
up €32,449 (+38.0%), from €85,477 to €117,926
of which Other amounts receivable: +€51,073
- Tangible fixed assets -€3,978
down €3,978 (-33.8%), from €11,769 to €7,791
of which Furniture and vehicles: -€3,548
- Cash -€1,593
down €1,593 (-17.2%), from €9,248 to €7,655
mainly Receivables within one year (-€32,449) and Tax, wage and social debts (-€18,127)
- Trade debts +€61,096
up €61,096 (+1059.2%), from €5,768 to €66,864
- Tax, wage and social debts -€18,127
down €18,127 (-83.0%), from €21,837 to €3,710
- Reserves -€10,131
down €10,131 (-21.2%), from €47,766 to €37,635
of which Distributable reserves: -€10,131
- Accrued charges and deferred income -€2,993
no longer reported in 2024 (was €2,993)
- Current portion of long-term debt -€2,966
no longer reported in 2024 (was €2,966)
- Gross operating margin -€48,700
down €48,700 (-92.8%), from €52,456 to €3,756
- Taxes -€8,696
down €8,696 (-96.4%), from €9,023 to €327
- Depreciation +€1,558
up €1,558 (+20.4%), from €7,626 to €9,184
- Financial charges +€768
up €768 (+50.9%), from €1,509 to €2,277
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 | €106,519 | €133,397 | +€26,878 | +25.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €11,794 | €7,816 | -€3,978 | -33.7% |
| Tangible fixed assets | 22/27 | €11,769 | €7,791 | -€3,978 | -33.8% |
| Plant, machinery and equipment | 23 | €4,984 | €4,554 | -€430 | -8.6% |
| Furniture and vehicles | 24 | €6,785 | €3,237 | -€3,548 | -52.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €94,725 | €125,581 | +€30,856 | +32.6% |
| Amounts receivable within one year | 40/41 | €85,477 | €117,926 | +€32,449 | +38.0% |
| Trade receivables | 40 | €18,624 | - | -€18,624 | |
| Other amounts receivable | 41 | €66,853 | €117,926 | +€51,073 | +76.4% |
| Cash at bank and in hand | 54/58 | €9,248 | €7,655 | -€1,593 | -17.2% |
| Total equity and liabilities | 10/49 | €106,519 | €133,397 | +€26,878 | +25.2% |
| Equity | 10/15 | €66,366 | €56,235 | -€10,131 | -15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €47,766 | €37,635 | -€10,131 | -21.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €45,906 | €35,775 | -€10,131 | -22.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €40,153 | €77,163 | +€37,010 | +92.2% |
| Amounts payable after more than one year | 17 | €6,589 | €6,589 | -€0 | 0.0% |
| Financial debts | 170/4 | €6,589 | €6,589 | -€0 | 0.0% |
| Amounts payable within one year | 42/48 | €30,571 | €70,574 | +€40,003 | +130.9% |
| Current portion of amounts payable after more than one year | 42 | €2,966 | - | -€2,966 | |
| Trade debts | 44 | €5,768 | €66,864 | +€61,096 | +1059.2% |
| Suppliers | 440/4 | €5,768 | €66,864 | +€61,096 | +1059.2% |
| Taxes, remuneration and social security | 45 | €21,837 | €3,710 | -€18,127 | -83.0% |
| Taxes | 450/3 | €21,837 | €3,710 | -€18,127 | -83.0% |
| Accrued charges and deferred income | 492/3 | €2,993 | - | -€2,993 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,626 | €9,184 | +€1,558 | +20.4% |
| Other operating charges | 640/8 | €2,227 | €2,099 | -€128 | -5.8% |
| Non-recurring operating charges | 66A | €22,010 | - | -€22,010 | |
| Gross operating margin | 9900 | €52,456 | €3,756 | -€48,700 | -92.8% |
| Operating profit (loss) | 9901 | €20,593 | -€7,527 | -€28,120 | |
| Financial income | 75/76B | €107 | - | -€107 | |
| Recurring financial income | 75 | €107 | - | -€107 | |
| Financial charges | 65/66B | €1,509 | €2,277 | +€768 | +50.9% |
| Recurring financial charges | 65 | €1,509 | €2,277 | +€768 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €19,191 | -€9,804 | -€28,995 | |
| Income taxes | 67/77 | €9,023 | €327 | -€8,696 | -96.4% |
| Profit (loss) for the period | 9904 | €10,168 | -€10,131 | -€20,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,168 | -€10,131 | -€20,299 |
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 3 October 2026 via checked.be.