Firepower: 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.
Firepower
Largest movements
- Cash +€122,587
new in 2024: €122,587
mainly Net result for the year (+€68,030) and Current investments (+€41,496)
- Tangible fixed assets +€46,935
up €46,935 (+2539.2%), from €1,848 to €48,783
- Current investments -€41,496
no longer reported in 2024 (was €41,496)
- Reserves +€67,171
up €67,171 (+162.0%), from €41,454 to €108,624
- Debts after one year +€33,893
new in 2024: €33,893
- Tax, wage and social debts +€17,481
up €17,481 (+90.5%), from €19,324 to €36,805
of which Taxes: +€17,508
- Current portion of long-term debt +€9,555
new in 2024: €9,555
- Other debts +€2,343
up €2,343 (+43.5%), from €5,381 to €7,725
- Gross operating margin +€40,033
up €40,033 (+72.7%), from €55,031 to €95,064
- Depreciation +€8,464
up €8,464 (+2061.8%), from €411 to €8,875
- Taxes +€6,540
up €6,540 (+58.0%), from €11,266 to €17,806
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 | €67,805 | €196,790 | +€128,985 | +190.2% |
| Fixed assets | 21/28 | €1,848 | €48,783 | +€46,935 | +2539.2% |
| Tangible fixed assets | 22/27 | €1,848 | €48,783 | +€46,935 | +2539.2% |
| Furniture and vehicles | 24 | €1,848 | €48,783 | +€46,935 | +2539.2% |
| Current assets | 29/58 | €65,957 | €148,007 | +€82,050 | +124.4% |
| Amounts receivable within one year | 40/41 | €24,461 | €24,376 | -€85 | -0.3% |
| Trade receivables | 40 | €24,461 | €24,376 | -€85 | -0.3% |
| Current investments | 50/53 | €41,496 | - | -€41,496 | |
| Cash at bank and in hand | 54/58 | - | €122,587 | +€122,587 | |
| Deferred charges and accrued income | 490/1 | - | €1,043 | +€1,043 | |
| Total equity and liabilities | 10/49 | €67,805 | €196,790 | +€128,985 | +190.2% |
| Equity | 10/15 | €41,554 | €108,724 | +€67,171 | +161.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €41,454 | €108,624 | +€67,171 | +162.0% |
| Distributable reserves | 133 | €41,454 | €108,624 | +€67,171 | +162.0% |
| Amounts payable | 17/49 | €26,251 | €88,065 | +€61,814 | +235.5% |
| Amounts payable after more than one year | 17 | - | €33,893 | +€33,893 | |
| Financial debts | 170/4 | - | €33,893 | +€33,893 | |
| Amounts payable within one year | 42/48 | €26,251 | €54,173 | +€27,922 | +106.4% |
| Current portion of amounts payable after more than one year | 42 | - | €9,555 | +€9,555 | |
| Financial debts | 43 | €1,087 | - | -€1,087 | |
| Credit institutions | 430/8 | €1,087 | - | -€1,087 | |
| Trade debts | 44 | €458 | €88 | -€370 | -80.9% |
| Suppliers | 440/4 | €458 | €88 | -€370 | -80.9% |
| Taxes, remuneration and social security | 45 | €19,324 | €36,805 | +€17,481 | +90.5% |
| Taxes | 450/3 | €18,282 | €35,790 | +€17,508 | +95.8% |
| Remuneration and social security | 454/9 | €1,043 | €1,015 | -€28 | -2.7% |
| Other amounts payable | 47/48 | €5,381 | €7,725 | +€2,343 | +43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €411 | €8,875 | +€8,464 | +2061.8% |
| Other operating charges | 640/8 | €422 | €113 | -€309 | -73.3% |
| Gross operating margin | 9900 | €55,031 | €95,064 | +€40,033 | +72.7% |
| Operating profit (loss) | 9901 | €54,198 | €86,077 | +€31,878 | +58.8% |
| Financial income | 75/76B | - | €161 | +€161 | |
| Recurring financial income | 75 | - | €161 | +€161 | |
| Financial charges | 65/66B | €29 | €403 | +€374 | +1304.6% |
| Recurring financial charges | 65 | €29 | €403 | +€374 | +1304.6% |
| Profit (loss) for the period before taxes | 9903 | €54,170 | €85,835 | +€31,665 | +58.5% |
| Income taxes | 67/77 | €11,266 | €17,806 | +€6,540 | +58.0% |
| Profit (loss) for the period | 9904 | €42,904 | €68,030 | +€25,126 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,904 | €68,030 | +€25,126 | +58.6% |
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.