DESIGNED: 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.
DESIGNED
Largest movements
- Receivables within one year +€98,678
up €98,678 (+831%), from €11,878 to €110,557
of which Other amounts receivable: +€77,689
- Tangible fixed assets +€34,837
new in 2024: €34,837
of which Furniture and vehicles: +€20,415
- Stocks and contracts +€6,664
up €6,664 (+14.3%), from €46,559 to €53,223
of which Stocks: +€10,085
- Cash -€4,105
down €4,105 (-52.1%), from €7,883 to €3,777
mainly Receivables within one year (-€98,678) and Investment in fixed assets (net) (-€43,039)
- Deferred charges and accrued income +€2,752
new in 2024: €2,752
- Other debts +€43,601
up €43,601 (+291%), from €14,976 to €58,577
- Trade debts +€34,044
up €34,044 (+111%), from €30,585 to €64,629
- Profit (loss) carried forward +€32,810
up €32,810 (+206%), from €15,933 to €48,743
- Tax, wage and social debts +€30,531
new in 2024: €30,531
of which Taxes: +€26,697
- Gross operating margin +€29,264
up €29,264 (+57.8%), from €50,640 to €79,904
- Staff costs +€20,747
new in 2024: €20,747
- Taxes +€18,558
new in 2024: €18,558
- Depreciation +€5,822
up €5,822 (+2,649%), from €220 to €6,042
- Financial income -€873
down €873 (-99.9%), from €874 to €1
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 | €66,494 | €207,480 | +€140,986 | +212% |
| Formation expenses | 20 | €174 | €0 | -€174 | -100% |
| Fixed assets | 21/28 | - | €37,171 | +€37,171 | |
| Intangible fixed assets | 21 | - | €2,334 | +€2,334 | |
| Tangible fixed assets | 22/27 | - | €34,837 | +€34,837 | |
| Plant, machinery and equipment | 23 | - | €14,422 | +€14,422 | |
| Furniture and vehicles | 24 | - | €20,415 | +€20,415 | |
| Current assets | 29/58 | €66,320 | €170,309 | +€103,989 | +157% |
| Stocks and contracts in progress | 3 | €46,559 | €53,223 | +€6,664 | +14.3% |
| Stocks | 30/36 | €12,000 | €22,085 | +€10,085 | +84.0% |
| Contracts in progress | 37 | €34,559 | €31,138 | -€3,421 | -9.9% |
| Amounts receivable within one year | 40/41 | €11,878 | €110,557 | +€98,678 | +831% |
| Trade receivables | 40 | €11,494 | €32,483 | +€20,989 | +183% |
| Other amounts receivable | 41 | €385 | €78,074 | +€77,689 | +20,195% |
| Cash at bank and in hand | 54/58 | €7,883 | €3,777 | -€4,105 | -52.1% |
| Deferred charges and accrued income | 490/1 | - | €2,752 | +€2,752 | |
| Total equity and liabilities | 10/49 | €66,494 | €207,480 | +€140,986 | +212% |
| Equity | 10/15 | €20,933 | €53,743 | +€32,810 | +157% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,933 | €48,743 | +€32,810 | +206% |
| Amounts payable | 17/49 | €45,561 | €153,737 | +€108,176 | +237% |
| Amounts payable within one year | 42/48 | €45,561 | €153,737 | +€108,176 | +237% |
| Trade debts | 44 | €30,585 | €64,629 | +€34,044 | +111% |
| Suppliers | 440/4 | €30,585 | €64,629 | +€34,044 | +111% |
| Taxes, remuneration and social security | 45 | - | €30,531 | +€30,531 | |
| Taxes | 450/3 | - | €26,697 | +€26,697 | |
| Remuneration and social security | 454/9 | - | €3,834 | +€3,834 | |
| Other amounts payable | 47/48 | €14,976 | €58,577 | +€43,601 | +291% |
| Remuneration, social security and pensions | 62 | - | €20,747 | +€20,747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | €6,042 | +€5,822 | +2,649% |
| Other operating charges | 640/8 | €1,148 | €846 | -€302 | -26.3% |
| Gross operating margin | 9900 | €50,640 | €79,904 | +€29,264 | +57.8% |
| Operating profit (loss) | 9901 | €49,273 | €52,268 | +€2,996 | +6.1% |
| Financial income | 75/76B | €874 | €1 | -€873 | -99.9% |
| Recurring financial income | 75 | €874 | €1 | -€873 | -99.9% |
| Financial charges | 65/66B | €443 | €901 | +€458 | +103% |
| Recurring financial charges | 65 | €443 | €901 | +€458 | +103% |
| Profit (loss) for the period before taxes | 9903 | €49,704 | €51,369 | +€1,665 | +3.3% |
| Income taxes | 67/77 | - | €18,558 | +€18,558 | |
| Profit (loss) for the period | 9904 | €49,704 | €32,810 | -€16,894 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,704 | €32,810 | -€16,894 | -34.0% |
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 31 October 2026 via checked.be.