FIERCE: 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.
FIERCE
Largest movements
- Cash +€34,022
up €34,022 (+86.2%), from €39,449 to €73,471
mainly Receivables within one year (+€27,927) and Net result for the year (+€6,401)
- Receivables within one year -€27,927
down €27,927 (-87.8%), from €31,799 to €3,872
of which Trade receivables: -€31,470
- Profit (loss) carried forward +€6,401
up €6,401 (+10.1%), from €63,506 to €69,906
- Trade debts +€4,457
up €4,457 (+108%), from €4,115 to €8,572
- Other debts -€3,402
no longer reported in 2024 (was €3,402)
- Tax, wage and social debts -€1,220
down €1,220 (-16.7%), from €7,312 to €6,092
- Gross operating margin -€49,883
down €49,883 (-79.2%), from €62,979 to €13,096
- Taxes -€10,870
down €10,870 (-80.7%), from €13,463 to €2,593
- Depreciation +€1,901
up €1,901 (+143%), from €1,331 to €3,231
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 | €80,335 | €86,570 | +€6,235 | +7.8% |
| Fixed assets | 21/28 | €9,087 | €9,064 | -€23 | -0.3% |
| Tangible fixed assets | 22/27 | €8,937 | €8,914 | -€23 | -0.3% |
| Furniture and vehicles | 24 | €8,937 | €8,914 | -€23 | -0.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €71,248 | €77,506 | +€6,258 | +8.8% |
| Amounts receivable within one year | 40/41 | €31,799 | €3,872 | -€27,927 | -87.8% |
| Trade receivables | 40 | €31,799 | €329 | -€31,470 | -99.0% |
| Other amounts receivable | 41 | - | €3,543 | +€3,543 | |
| Cash at bank and in hand | 54/58 | €39,449 | €73,471 | +€34,022 | +86.2% |
| Deferred charges and accrued income | 490/1 | - | €164 | +€164 | |
| Total equity and liabilities | 10/49 | €80,335 | €86,570 | +€6,235 | +7.8% |
| Equity | 10/15 | €65,506 | €71,906 | +€6,401 | +9.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,506 | €69,906 | +€6,401 | +10.1% |
| Amounts payable | 17/49 | €14,829 | €14,663 | -€166 | -1.1% |
| Amounts payable within one year | 42/48 | €14,829 | €14,663 | -€166 | -1.1% |
| Trade debts | 44 | €4,115 | €8,572 | +€4,457 | +108% |
| Suppliers | 440/4 | €4,115 | €8,572 | +€4,457 | +108% |
| Taxes, remuneration and social security | 45 | €7,312 | €6,092 | -€1,220 | -16.7% |
| Taxes | 450/3 | €7,312 | €6,092 | -€1,220 | -16.7% |
| Other amounts payable | 47/48 | €3,402 | - | -€3,402 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,331 | €3,231 | +€1,901 | +143% |
| Other operating charges | 640/8 | €1,123 | €854 | -€269 | -24.0% |
| Gross operating margin | 9900 | €62,979 | €13,096 | -€49,883 | -79.2% |
| Operating profit (loss) | 9901 | €60,525 | €9,011 | -€51,515 | -85.1% |
| Financial income | 75/76B | €25 | €60 | +€35 | +140% |
| Recurring financial income | 75 | €25 | €60 | +€35 | +140% |
| Financial charges | 65/66B | €195 | €78 | -€118 | -60.3% |
| Recurring financial charges | 65 | €195 | €78 | -€118 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €60,355 | €8,993 | -€51,362 | -85.1% |
| Income taxes | 67/77 | €13,463 | €2,593 | -€10,870 | -80.7% |
| Profit (loss) for the period | 9904 | €46,892 | €6,401 | -€40,492 | -86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,892 | €6,401 | -€40,492 | -86.4% |
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 16 October 2026 via checked.be.