EASY WORD: 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.
EASY WORD
Largest movements
- Receivables within one year +€279,457
up €279,457 (+225%), from €124,014 to €403,471
of which Trade receivables: +€300,528
- Cash +€27,012
up €27,012 (+225%), from €11,988 to €39,000
mainly Trade debts (+€276,746) and Tax, wage and social debts (+€55,867)
- Deferred charges and accrued income +€18,000
new in 2024: €18,000
- Tangible fixed assets +€7,022
up €7,022 (+37.9%), from €18,550 to €25,572
of which Furniture and vehicles: +€7,977
- Trade debts +€276,746
up €276,746 (+687%), from €40,262 to €317,008
- Tax, wage and social debts +€55,867
up €55,867 (+158%), from €35,285 to €91,152
of which Remuneration and social security: +€35,128
- Other debts -€16,935
down €16,935 (-67.8%), from €24,991 to €8,056
- Profit (loss) carried forward +€15,813
up €15,813 (+55.9%), from €28,304 to €44,117
- Gross operating margin +€57,810
up €57,810 (+92.8%), from €62,304 to €120,114
- Staff costs +€49,540
up €49,540 (+119%), from €41,478 to €91,017
- Depreciation -€7,639
down €7,639 (-44.0%), from €17,352 to €9,713
- Financial income -€1,277
down €1,277 (-62.6%), from €2,039 to €762
of which Financial income: -€1,277
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.
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 | €158,842 | €490,333 | +€331,491 | +209% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €22,840 | €29,862 | +€7,022 | +30.7% |
| Tangible fixed assets | 22/27 | €18,550 | €25,572 | +€7,022 | +37.9% |
| Plant, machinery and equipment | 23 | €2,755 | €1,800 | -€955 | -34.7% |
| Furniture and vehicles | 24 | €15,795 | €23,772 | +€7,977 | +50.5% |
| Financial fixed assets | 28 | €4,290 | €4,290 | = | 0.0% |
| Current assets | 29/58 | €136,002 | €460,471 | +€324,469 | +239% |
| Amounts receivable within one year | 40/41 | €124,014 | €403,471 | +€279,457 | +225% |
| Trade receivables | 40 | €102,943 | €403,471 | +€300,528 | +292% |
| Other amounts receivable | 41 | €21,071 | - | -€21,071 | |
| Cash at bank and in hand | 54/58 | €11,988 | €39,000 | +€27,012 | +225% |
| Deferred charges and accrued income | 490/1 | - | €18,000 | +€18,000 | |
| Total equity and liabilities | 10/49 | €158,842 | €490,333 | +€331,491 | +209% |
| Equity | 10/15 | €58,304 | €74,117 | +€15,813 | +27.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €30,000 | +€30,000 | |
| Other | 1109/19 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €28,304 | €44,117 | +€15,813 | +55.9% |
| Amounts payable | 17/49 | €100,538 | €416,216 | +€315,678 | +314% |
| Amounts payable within one year | 42/48 | €100,538 | €416,216 | +€315,678 | +314% |
| Trade debts | 44 | €40,262 | €317,008 | +€276,746 | +687% |
| Suppliers | 440/4 | €40,262 | €317,008 | +€276,746 | +687% |
| Taxes, remuneration and social security | 45 | €35,285 | €91,152 | +€55,867 | +158% |
| Taxes | 450/3 | €8 | €20,747 | +€20,739 | +253,225% |
| Remuneration and social security | 454/9 | €35,277 | €70,405 | +€35,128 | +99.6% |
| Other amounts payable | 47/48 | €24,991 | €8,056 | -€16,935 | -67.8% |
| Remuneration, social security and pensions | 62 | €41,478 | €91,017 | +€49,540 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,352 | €9,713 | -€7,639 | -44.0% |
| Other operating charges | 640/8 | €2,472 | €3,245 | +€773 | +31.3% |
| Gross operating margin | 9900 | €62,304 | €120,114 | +€57,810 | +92.8% |
| Operating profit (loss) | 9901 | €1,002 | €16,139 | +€15,137 | +1,511% |
| Financial income | 75/76B | €2,039 | €762 | -€1,277 | -62.6% |
| Recurring financial income | 75 | €2,039 | €762 | -€1,277 | -62.6% |
| Non-recurring financial income | 76B | €2,039 | €762 | -€1,277 | -62.6% |
| Financial charges | 65/66B | €125 | €465 | +€340 | +271% |
| Recurring financial charges | 65 | €125 | €465 | +€340 | +271% |
| Profit (loss) for the period before taxes | 9903 | €2,916 | €16,436 | +€13,520 | +464% |
| Income taxes | 67/77 | €517 | €623 | +€105 | +20.4% |
| Profit (loss) for the period | 9904 | €2,399 | €15,813 | +€13,415 | +559% |
| Profit (loss) for the period to be appropriated | 9905 | €2,399 | €15,813 | +€13,415 | +559% |
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 18 October 2026 via checked.be.