DEVELOPING INITIATIVES: 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.
DEVELOPING INITIATIVES
Largest movements
- Current investments +€1.0m
new in 2024: €1.0m
- Receivables within one year +€735,481
up €735,481 (+919.4%), from €80,000 to €815,481
of which Other amounts receivable: +€661,000
- Cash +€413,458
up €413,458 (+13.7%), from €3.0m to €3.4m
mainly Net result for the year (+€3.2m) and Tax, wage and social debts (+€13,644)
- Profit (loss) carried forward +€2.4m
up €2.4m (+81.6%), from €2.9m to €5.3m
- Other debts -€179,241
down €179,241 (-99.2%), from €180,635 to €1,394
- Financial income +€3.2m
up €3.2m (+5147.0%), from €61,741 to €3.2m
- Staff costs +€91,082
new in 2024: €91,082
- Turnover +€72,000
new in 2024: €72,000
- Services and other goods +€41,547
up €41,547 (+1996.5%), from €2,081 to €43,628
- Depreciation +€7,882
new in 2024: €7,882
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 | €5,715,180 | €7,921,296 | +€2.2m | +38.6% |
| Fixed assets | 21/28 | €2,610,903 | €2,662,015 | +€51,112 | +2.0% |
| Intangible fixed assets | 21 | - | €4,370 | +€4,370 | |
| Tangible fixed assets | 22/27 | - | €46,743 | +€46,743 | |
| Furniture and vehicles | 24 | - | €46,743 | +€46,743 | |
| Financial fixed assets | 28 | €2,610,903 | €2,610,902 | -€1 | 0.0% |
| Affiliated companies | 280/1 | €2,610,903 | €2,610,902 | -€1 | 0.0% |
| Participating interests | 280 | €2,610,903 | €2,610,902 | -€1 | 0.0% |
| Current assets | 29/58 | €3,104,277 | €5,259,281 | +€2.2m | +69.4% |
| Amounts receivable within one year | 40/41 | €80,000 | €815,481 | +€735,481 | +919.4% |
| Trade receivables | 40 | - | €74,481 | +€74,481 | |
| Other amounts receivable | 41 | €80,000 | €741,000 | +€661,000 | +826.3% |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Other investments | 51/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €3,024,277 | €3,437,735 | +€413,458 | +13.7% |
| Deferred charges and accrued income | 490/1 | - | €6,065 | +€6,065 | |
| Total equity and liabilities | 10/49 | €5,715,180 | €7,921,296 | +€2.2m | +38.6% |
| Equity | 10/15 | €5,534,545 | €7,904,321 | +€2.4m | +42.8% |
| Contributions | 10/11 | €2,629,503 | €2,629,503 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,903,182 | €5,272,958 | +€2.4m | +81.6% |
| Amounts payable | 17/49 | €180,635 | €16,975 | -€163,660 | -90.6% |
| Amounts payable within one year | 42/48 | €180,635 | €16,975 | -€163,660 | -90.6% |
| Trade debts | 44 | - | €1,937 | +€1,937 | |
| Suppliers | 440/4 | - | €1,937 | +€1,937 | |
| Taxes, remuneration and social security | 45 | - | €13,644 | +€13,644 | |
| Taxes | 450/3 | - | €1,278 | +€1,278 | |
| Remuneration and social security | 454/9 | - | €12,366 | +€12,366 | |
| Other amounts payable | 47/48 | €180,635 | €1,394 | -€179,241 | -99.2% |
| Operating income | 70/76A | - | €74,485 | +€74,485 | |
| Turnover | 70 | - | €72,000 | +€72,000 | |
| Other operating income | 74 | - | €2,485 | +€2,485 | |
| Operating charges | 60/66A | €3,641 | €143,960 | +€140,319 | +3853.9% |
| Services and other goods | 61 | €2,081 | €43,628 | +€41,547 | +1996.5% |
| Remuneration, social security and pensions | 62 | - | €91,082 | +€91,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,882 | +€7,882 | |
| Other operating charges | 640/8 | €1,560 | €1,368 | -€192 | -12.3% |
| Operating profit (loss) | 9901 | -€3,641 | -€69,475 | -€65,834 | -1808.1% |
| Financial income | 75/76B | €61,741 | €3,239,565 | +€3.2m | +5147.0% |
| Recurring financial income | 75 | €61,741 | €3,239,565 | +€3.2m | +5147.0% |
| Income from financial fixed assets | 750 | €61,500 | €3,210,750 | +€3.1m | +5120.7% |
| Income from current assets | 751 | €241 | €28,815 | +€28,574 | +11856.4% |
| Financial charges | 65/66B | €39 | €43 | +€4 | +10.3% |
| Recurring financial charges | 65 | €39 | €43 | +€4 | +10.3% |
| Other financial charges | 652/9 | €39 | €43 | +€4 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €58,061 | €3,170,047 | +€3.1m | +5359.9% |
| Income taxes | 67/77 | - | €271 | +€271 | |
| Taxes | 670/3 | - | €271 | +€271 | |
| Profit (loss) for the period | 9904 | €58,061 | €3,169,776 | +€3.1m | +5359.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,061 | €3,169,776 | +€3.1m | +5359.4% |
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 9 October 2026 via checked.be.