Dr. Yannick Balthasar: 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.
Dr. Yannick Balthasar
Largest movements
- Cash +€71,597
up €71,597 (+751.7%), from €9,524 to €81,121
mainly Net result for the year (+€37,348) and Trade debts (+€22,886)
- Tangible fixed assets -€4,833
down €4,833 (-34.3%), from €14,090 to €9,256
- Receivables within one year +€2,467
up €2,467 (+341.2%), from €723 to €3,190
of which Other amounts receivable: +€3,190
- Profit (loss) carried forward +€37,348
up €37,348 (+226.7%), from €16,473 to €53,821
- Trade debts +€22,886
new in 2024: €22,886
- Tax, wage and social debts +€10,881
up €10,881 (+242.9%), from €4,480 to €15,361
- Other debts -€1,884
down €1,884 (-100.0%), from €1,884 to €0
- Gross operating margin +€31,649
up €31,649 (+143.3%), from €22,081 to €53,730
- Taxes +€6,401
up €6,401 (+142.9%), from €4,480 to €10,881
- Depreciation +€4,423
up €4,423 (+1077.4%), from €411 to €4,833
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 | €24,337 | €93,567 | +€69,230 | +284.5% |
| Fixed assets | 21/28 | €14,090 | €9,256 | -€4,833 | -34.3% |
| Tangible fixed assets | 22/27 | €14,090 | €9,256 | -€4,833 | -34.3% |
| Furniture and vehicles | 24 | €14,090 | €9,256 | -€4,833 | -34.3% |
| Current assets | 29/58 | €10,247 | €84,311 | +€74,064 | +722.8% |
| Amounts receivable within one year | 40/41 | €723 | €3,190 | +€2,467 | +341.2% |
| Trade receivables | 40 | €723 | €0 | -€723 | -100.0% |
| Other amounts receivable | 41 | - | €3,190 | +€3,190 | |
| Cash at bank and in hand | 54/58 | €9,524 | €81,121 | +€71,597 | +751.7% |
| Total equity and liabilities | 10/49 | €24,337 | €93,567 | +€69,230 | +284.5% |
| Equity | 10/15 | €17,973 | €55,321 | +€37,348 | +207.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,473 | €53,821 | +€37,348 | +226.7% |
| Amounts payable | 17/49 | €6,364 | €38,247 | +€31,882 | +501.0% |
| Amounts payable within one year | 42/48 | €6,364 | €38,247 | +€31,882 | +501.0% |
| Trade debts | 44 | - | €22,886 | +€22,886 | |
| Suppliers | 440/4 | - | €22,886 | +€22,886 | |
| Taxes, remuneration and social security | 45 | €4,480 | €15,361 | +€10,881 | +242.9% |
| Taxes | 450/3 | €4,480 | €15,361 | +€10,881 | +242.9% |
| Other amounts payable | 47/48 | €1,884 | €0 | -€1,884 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €411 | €4,833 | +€4,423 | +1077.4% |
| Other operating charges | 640/8 | €705 | €682 | -€23 | -3.3% |
| Gross operating margin | 9900 | €22,081 | €53,730 | +€31,649 | +143.3% |
| Operating profit (loss) | 9901 | €20,965 | €48,214 | +€27,249 | +130.0% |
| Financial income | 75/76B | - | €97 | +€97 | |
| Recurring financial income | 75 | - | €97 | +€97 | |
| Financial charges | 65/66B | €13 | €82 | +€69 | +529.8% |
| Recurring financial charges | 65 | €13 | €82 | +€69 | +529.8% |
| Profit (loss) for the period before taxes | 9903 | €20,952 | €48,229 | +€27,277 | +130.2% |
| Income taxes | 67/77 | €4,480 | €10,881 | +€6,401 | +142.9% |
| Profit (loss) for the period | 9904 | €16,473 | €37,348 | +€20,875 | +126.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,473 | €37,348 | +€20,875 | +126.7% |
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 6 October 2026 via checked.be.