exCHAINge: 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.
exCHAINge
Largest movements
- Cash +€52,905
up €52,905 (+58.8%), from €89,907 to €142,812
mainly Net result for the year (+€49,256) and Tax, wage and social debts (+€11,118)
- Tangible fixed assets +€6,875
up €6,875 (+110.8%), from €6,206 to €13,081
of which Land and buildings: +€8,916
- Profit (loss) carried forward +€47,656
up €47,656 (+65.2%), from €73,125 to €120,781
- Tax, wage and social debts +€11,118
up €11,118 (+34.6%), from €32,153 to €43,271
- Gross operating margin -€32,303
down €32,303 (-32.7%), from €98,685 to €66,381
- Taxes -€6,316
down €6,316 (-32.6%), from €19,371 to €13,055
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 | €110,925 | €170,428 | +€59,504 | +53.6% |
| Fixed assets | 21/28 | €6,206 | €13,081 | +€6,875 | +110.8% |
| Tangible fixed assets | 22/27 | €6,206 | €13,081 | +€6,875 | +110.8% |
| Land and buildings | 22 | - | €8,916 | +€8,916 | |
| Furniture and vehicles | 24 | €6,206 | €4,165 | -€2,042 | -32.9% |
| Current assets | 29/58 | €104,718 | €157,348 | +€52,629 | +50.3% |
| Amounts receivable within one year | 40/41 | €12,705 | €12,772 | +€67 | +0.5% |
| Trade receivables | 40 | €12,705 | €12,772 | +€67 | +0.5% |
| Cash at bank and in hand | 54/58 | €89,907 | €142,812 | +€52,905 | +58.8% |
| Deferred charges and accrued income | 490/1 | €2,106 | €1,764 | -€343 | -16.3% |
| Total equity and liabilities | 10/49 | €110,925 | €170,428 | +€59,504 | +53.6% |
| Equity | 10/15 | €73,625 | €121,281 | +€47,656 | +64.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,125 | €120,781 | +€47,656 | +65.2% |
| Amounts payable | 17/49 | €37,299 | €49,147 | +€11,848 | +31.8% |
| Amounts payable within one year | 42/48 | €37,299 | €49,147 | +€11,848 | +31.8% |
| Trade debts | 44 | €2,385 | €2,438 | +€54 | +2.2% |
| Suppliers | 440/4 | €2,385 | €2,438 | +€54 | +2.2% |
| Taxes, remuneration and social security | 45 | €32,153 | €43,271 | +€11,118 | +34.6% |
| Taxes | 450/3 | €32,153 | €43,271 | +€11,118 | +34.6% |
| Other amounts payable | 47/48 | €2,761 | €3,438 | +€676 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,062 | €2,230 | +€169 | +8.2% |
| Other operating charges | 640/8 | €173 | €187 | +€14 | +8.0% |
| Gross operating margin | 9900 | €98,685 | €66,381 | -€32,303 | -32.7% |
| Operating profit (loss) | 9901 | €96,450 | €63,964 | -€32,486 | -33.7% |
| Financial charges | 65/66B | €2,354 | €1,654 | -€700 | -29.7% |
| Recurring financial charges | 65 | €2,354 | €1,654 | -€700 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €94,096 | €62,311 | -€31,786 | -33.8% |
| Income taxes | 67/77 | €19,371 | €13,055 | -€6,316 | -32.6% |
| Profit (loss) for the period | 9904 | €74,725 | €49,256 | -€25,470 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,725 | €49,256 | -€25,470 | -34.1% |
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 29 September 2026 via checked.be.