EXPERT: 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.
EXPERT
Largest movements
- Receivables within one year +€27,073
up €27,073 (+66.7%), from €40,592 to €67,666
of which Trade receivables: +€25,763
- Tangible fixed assets -€23,519
down €23,519 (-72.6%), from €32,388 to €8,869
of which Furniture and vehicles: -€16,666
- Stocks and contracts +€2,500
up €2,500 (+46.1%), from €5,426 to €7,926
- Trade debts -€29,863
down €29,863 (-91.4%), from €32,665 to €2,802
- Profit (loss) carried forward +€23,689
up €23,689 (+209.7%), from €11,297 to €34,986
- Other debts +€11,981
up €11,981 (+739.8%), from €1,619 to €13,600
- Tax, wage and social debts +€1,112
up €1,112 (+19.2%), from €5,794 to €6,906
- Gross operating margin +€9,094
up €9,094 (+64.1%), from €14,184 to €23,278
- Taxes +€2,144
up €2,144 (+433.6%), from €495 to €2,639
- Other operating charges -€1,062
down €1,062 (-52.0%), from €2,041 to €979
- Depreciation +€777
up €777 (+7.9%), from €9,809 to €10,586
From the 2021 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,621 | €86,350 | +€6,729 | +8.5% |
| Fixed assets | 21/28 | €32,388 | €8,869 | -€23,519 | -72.6% |
| Tangible fixed assets | 22/27 | €32,388 | €8,869 | -€23,519 | -72.6% |
| Plant, machinery and equipment | 23 | €7,539 | €3,640 | -€3,900 | -51.7% |
| Furniture and vehicles | 24 | €21,895 | €5,229 | -€16,666 | -76.1% |
| Other tangible fixed assets | 26 | €2,953 | - | -€2,953 | |
| Current assets | 29/58 | €47,233 | €77,481 | +€30,248 | +64.0% |
| Stocks and contracts in progress | 3 | €5,426 | €7,926 | +€2,500 | +46.1% |
| Stocks | 30/36 | €5,426 | €7,926 | +€2,500 | +46.1% |
| Amounts receivable within one year | 40/41 | €40,592 | €67,666 | +€27,073 | +66.7% |
| Trade receivables | 40 | €40,592 | €66,356 | +€25,763 | +63.5% |
| Other amounts receivable | 41 | - | €1,310 | +€1,310 | |
| Cash at bank and in hand | 54/58 | €1,214 | €1,889 | +€674 | +55.5% |
| Total equity and liabilities | 10/49 | €79,621 | €86,350 | +€6,729 | +8.5% |
| Equity | 10/15 | €39,353 | €63,042 | +€23,689 | +60.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,456 | €9,456 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,596 | €7,596 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,297 | €34,986 | +€23,689 | +209.7% |
| Amounts payable | 17/49 | €40,268 | €23,307 | -€16,960 | -42.1% |
| Amounts payable within one year | 42/48 | €40,268 | €23,307 | -€16,960 | -42.1% |
| Trade debts | 44 | €32,665 | €2,802 | -€29,863 | -91.4% |
| Suppliers | 440/4 | €32,665 | €2,802 | -€29,863 | -91.4% |
| Advances received on contracts in progress | 46 | €190 | - | -€190 | |
| Taxes, remuneration and social security | 45 | €5,794 | €6,906 | +€1,112 | +19.2% |
| Taxes | 450/3 | €5,794 | €6,906 | +€1,112 | +19.2% |
| Other amounts payable | 47/48 | €1,619 | €13,600 | +€11,981 | +739.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,809 | €10,586 | +€777 | +7.9% |
| Other operating charges | 640/8 | €2,041 | €979 | -€1,062 | -52.0% |
| Gross operating margin | 9900 | €14,184 | €23,278 | +€9,094 | +64.1% |
| Operating profit (loss) | 9901 | €2,334 | €11,713 | +€9,379 | +401.8% |
| Financial charges | 65/66B | €46 | €67 | +€22 | +47.3% |
| Recurring financial charges | 65 | €46 | €67 | +€22 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €2,289 | €11,646 | +€9,358 | +408.9% |
| Income taxes | 67/77 | €495 | €2,639 | +€2,144 | +433.6% |
| Profit (loss) for the period | 9904 | €1,794 | €9,007 | +€7,213 | +402.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,794 | €9,007 | +€7,213 | +402.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.