Expert Solution: 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 Solution
Largest movements
- Receivables within one year +€64,370
up €64,370 (+63.9%), from €100,713 to €165,083
of which Other amounts receivable: +€69,803
- Tangible fixed assets -€12,514
down €12,514 (-33.3%), from €37,586 to €25,072
of which Furniture and vehicles: -€8,199
- Trade debts -€88,146
down €88,146 (-99.9%), from €88,273 to €126
- Other debts +€79,000
up €79,000 (+465%), from €17,000 to €96,000
- Tax, wage and social debts +€62,108
up €62,108 (+167%), from €37,155 to €99,264
of which Taxes: +€60,392
- Gross operating margin +€135,641
up €135,641 (+72.6%), from €186,729 to €322,369
- Taxes +€34,778
up €34,778 (+459%), from €7,572 to €42,350
- Staff costs +€21,808
up €21,808 (+14.9%), from €146,284 to €168,092
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 | €145,310 | €197,155 | +€51,845 | +35.7% |
| Fixed assets | 21/28 | €44,586 | €32,072 | -€12,514 | -28.1% |
| Tangible fixed assets | 22/27 | €37,586 | €25,072 | -€12,514 | -33.3% |
| Plant, machinery and equipment | 23 | €17,983 | €13,668 | -€4,315 | -24.0% |
| Furniture and vehicles | 24 | €19,603 | €11,404 | -€8,199 | -41.8% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €100,724 | €165,083 | +€64,359 | +63.9% |
| Amounts receivable within one year | 40/41 | €100,713 | €165,083 | +€64,370 | +63.9% |
| Trade receivables | 40 | €28,047 | €22,615 | -€5,433 | -19.4% |
| Other amounts receivable | 41 | €72,665 | €142,468 | +€69,803 | +96.1% |
| Cash at bank and in hand | 54/58 | €11 | - | -€11 | |
| Total equity and liabilities | 10/49 | €145,310 | €197,155 | +€51,845 | +35.7% |
| Equity | 10/15 | €2,882 | €1,765 | -€1,117 | -38.8% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,282 | €165 | -€1,117 | -87.1% |
| Amounts payable | 17/49 | €142,428 | €195,390 | +€52,962 | +37.2% |
| Amounts payable within one year | 42/48 | €142,428 | €195,390 | +€52,962 | +37.2% |
| Trade debts | 44 | €88,273 | €126 | -€88,146 | -99.9% |
| Suppliers | 440/4 | €88,273 | €126 | -€88,146 | -99.9% |
| Taxes, remuneration and social security | 45 | €37,155 | €99,264 | +€62,108 | +167% |
| Taxes | 450/3 | €23,797 | €84,189 | +€60,392 | +254% |
| Remuneration and social security | 454/9 | €13,358 | €15,075 | +€1,717 | +12.9% |
| Other amounts payable | 47/48 | €17,000 | €96,000 | +€79,000 | +465% |
| Remuneration, social security and pensions | 62 | €146,284 | €168,092 | +€21,808 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,885 | €8,497 | +€2,612 | +44.4% |
| Other operating charges | 640/8 | €10,359 | €10,786 | +€427 | +4.1% |
| Gross operating margin | 9900 | €186,729 | €322,369 | +€135,641 | +72.6% |
| Operating profit (loss) | 9901 | €24,201 | €134,994 | +€110,794 | +458% |
| Financial income | 75/76B | €4,496 | €5,868 | +€1,372 | +30.5% |
| Recurring financial income | 75 | €4,496 | €5,868 | +€1,372 | +30.5% |
| Financial charges | 65/66B | €3,274 | €3,629 | +€356 | +10.9% |
| Recurring financial charges | 65 | €3,274 | €3,629 | +€356 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €25,423 | €137,233 | +€111,810 | +440% |
| Income taxes | 67/77 | €7,572 | €42,350 | +€34,778 | +459% |
| Profit (loss) for the period | 9904 | €17,851 | €94,883 | +€77,032 | +432% |
| Profit (loss) for the period to be appropriated | 9905 | €17,851 | €94,883 | +€77,032 | +432% |
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 14 October 2026 via checked.be.