Fold: 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.
Fold
Largest movements
- Tangible fixed assets +€26,392
up €26,392 (+392%), from €6,735 to €33,127
of which Plant, machinery and equipment: +€27,603
- Receivables within one year -€8,505
down €8,505 (-6.6%), from €127,987 to €119,481
of which Trade receivables: -€8,797
- Cash +€3,675
up €3,675 (+618%), from €594 to €4,269
mainly Trade debts (+€44,201) and Net result for the year (+€27,575)
- Deferred charges and accrued income -€3,213
no longer reported in 2024 (was €3,213)
- Trade debts +€44,201
up €44,201 (+166%), from €26,658 to €70,858
- Other debts -€37,928
down €37,928 (-67.0%), from €56,647 to €18,719
- Profit (loss) carried forward +€27,575
up €27,575, from -€4,169 to €23,406
- Tax, wage and social debts -€10,231
down €10,231 (-70.2%), from €14,576 to €4,344
- Accrued charges and deferred income -€5,268
down €5,268 (-31.9%), from €16,492 to €11,224
- Gross operating margin -€70,030
down €70,030 (-55.1%), from €127,160 to €57,129
- Staff costs -€40,741
down €40,741 (-81.5%), from €50,012 to €9,271
- Depreciation -€22,302
down €22,302 (-84.0%), from €26,534 to €4,232
- Taxes +€13,000
up €13,000, from -€175 to €12,825
- Financial charges -€1,402
down €1,402 (-77.1%), from €1,818 to €416
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 | €138,943 | €157,291 | +€18,348 | +13.2% |
| Fixed assets | 21/28 | €7,149 | €33,541 | +€26,392 | +369% |
| Tangible fixed assets | 22/27 | €6,735 | €33,127 | +€26,392 | +392% |
| Land and buildings | 22 | €128 | - | -€128 | |
| Plant, machinery and equipment | 23 | €1,047 | €28,650 | +€27,603 | +2,636% |
| Furniture and vehicles | 24 | €5,560 | €4,477 | -€1,083 | -19.5% |
| Financial fixed assets | 28 | €414 | €414 | = | 0.0% |
| Current assets | 29/58 | €131,794 | €123,751 | -€8,044 | -6.1% |
| Amounts receivable within one year | 40/41 | €127,987 | €119,481 | -€8,505 | -6.6% |
| Trade receivables | 40 | €122,748 | €113,951 | -€8,797 | -7.2% |
| Other amounts receivable | 41 | €5,239 | €5,531 | +€292 | +5.6% |
| Cash at bank and in hand | 54/58 | €594 | €4,269 | +€3,675 | +618% |
| Deferred charges and accrued income | 490/1 | €3,213 | - | -€3,213 | |
| Total equity and liabilities | 10/49 | €138,943 | €157,291 | +€18,348 | +13.2% |
| Equity | 10/15 | €24,571 | €52,146 | +€27,575 | +112% |
| Contributions | 10/11 | €17,100 | €17,100 | = | 0.0% |
| Reserves | 13 | €11,640 | €11,640 | = | 0.0% |
| Non-distributable reserves | 130/1 | €772 | €772 | = | 0.0% |
| Reserves not available under the articles | 1311 | €772 | €772 | = | 0.0% |
| Distributable reserves | 133 | €10,868 | €10,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,169 | €23,406 | +€27,575 | |
| Amounts payable | 17/49 | €114,372 | €105,145 | -€9,226 | -8.1% |
| Amounts payable within one year | 42/48 | €97,880 | €93,921 | -€3,959 | -4.0% |
| Trade debts | 44 | €26,658 | €70,858 | +€44,201 | +166% |
| Suppliers | 440/4 | €26,658 | €70,858 | +€44,201 | +166% |
| Taxes, remuneration and social security | 45 | €14,576 | €4,344 | -€10,231 | -70.2% |
| Taxes | 450/3 | €14,576 | €4,344 | -€10,231 | -70.2% |
| Other amounts payable | 47/48 | €56,647 | €18,719 | -€37,928 | -67.0% |
| Accrued charges and deferred income | 492/3 | €16,492 | €11,224 | -€5,268 | -31.9% |
| Remuneration, social security and pensions | 62 | €50,012 | €9,271 | -€40,741 | -81.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,534 | €4,232 | -€22,302 | -84.0% |
| Other operating charges | 640/8 | €1,797 | €2,810 | +€1,013 | +56.4% |
| Gross operating margin | 9900 | €127,160 | €57,129 | -€70,030 | -55.1% |
| Operating profit (loss) | 9901 | €48,816 | €40,816 | -€8,000 | -16.4% |
| Financial income | 75/76B | €316 | €0 | -€316 | -100.0% |
| Recurring financial income | 75 | €316 | €0 | -€316 | -100.0% |
| Financial charges | 65/66B | €1,818 | €416 | -€1,402 | -77.1% |
| Recurring financial charges | 65 | €1,818 | €416 | -€1,402 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | €47,315 | €40,400 | -€6,914 | -14.6% |
| Income taxes | 67/77 | -€175 | €12,825 | +€13,000 | |
| Profit (loss) for the period | 9904 | €47,489 | €27,575 | -€19,914 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,489 | €27,575 | -€19,914 | -41.9% |
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 26 October 2026 via checked.be.