FS2J: 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.
FS2J
Largest movements
- Tangible fixed assets +€60,729
up €60,729 (+6812.3%), from €891 to €61,620
of which Furniture and vehicles: +€58,907
- Receivables within one year -€42,640
down €42,640 (-35.1%), from €121,518 to €78,877
of which Trade receivables: -€42,758
- Cash +€22,718
up €22,718 (+87.7%), from €25,901 to €48,619
mainly Receivables within one year (+€42,640) and Debts after one year (+€37,251)
- Debts after one year +€37,251
new in 2024: €37,251
- Profit (loss) carried forward +€30,953
up €30,953 (+44.4%), from €69,772 to €100,724
- Tax, wage and social debts -€23,039
down €23,039 (-61.8%), from €37,276 to €14,237
of which Taxes: -€17,438
- Other debts -€19,096
down €19,096 (-26.9%), from €71,012 to €51,916
- Current portion of long-term debt +€9,191
new in 2024: €9,191
- Gross operating margin -€49,466
down €49,466 (-42.8%), from €115,672 to €66,206
- Staff costs -€11,557
down €11,557 (-40.1%), from €28,809 to €17,252
- Taxes -€9,095
down €9,095 (-44.8%), from €20,318 to €11,223
- Depreciation +€3,212
up €3,212 (+857.4%), from €375 to €3,586
- Other operating charges +€1,849
up €1,849 (+166.5%), from €1,111 to €2,960
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 | €187,375 | €228,323 | +€40,948 | +21.9% |
| Fixed assets | 21/28 | €37,791 | €98,520 | +€60,729 | +160.7% |
| Tangible fixed assets | 22/27 | €891 | €61,620 | +€60,729 | +6812.3% |
| Plant, machinery and equipment | 23 | - | €1,821 | +€1,821 | |
| Furniture and vehicles | 24 | €891 | €59,799 | +€58,907 | +6608.0% |
| Financial fixed assets | 28 | €36,900 | €36,900 | = | 0.0% |
| Current assets | 29/58 | €149,583 | €129,802 | -€19,781 | -13.2% |
| Amounts receivable within one year | 40/41 | €121,518 | €78,877 | -€42,640 | -35.1% |
| Trade receivables | 40 | €98,418 | €55,659 | -€42,758 | -43.4% |
| Other amounts receivable | 41 | €23,100 | €23,218 | +€118 | +0.5% |
| Cash at bank and in hand | 54/58 | €25,901 | €48,619 | +€22,718 | +87.7% |
| Deferred charges and accrued income | 490/1 | €2,165 | €2,306 | +€141 | +6.5% |
| Total equity and liabilities | 10/49 | €187,375 | €228,323 | +€40,948 | +21.9% |
| Equity | 10/15 | €75,772 | €106,724 | +€30,953 | +40.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,772 | €100,724 | +€30,953 | +44.4% |
| Amounts payable | 17/49 | €111,603 | €121,598 | +€9,995 | +9.0% |
| Amounts payable after more than one year | 17 | - | €37,251 | +€37,251 | |
| Financial debts | 170/4 | - | €37,251 | +€37,251 | |
| Amounts payable within one year | 42/48 | €111,603 | €84,347 | -€27,256 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | - | €9,191 | +€9,191 | |
| Trade debts | 44 | €3,315 | €9,002 | +€5,687 | +171.5% |
| Suppliers | 440/4 | €3,315 | €9,002 | +€5,687 | +171.5% |
| Taxes, remuneration and social security | 45 | €37,276 | €14,237 | -€23,039 | -61.8% |
| Taxes | 450/3 | €31,675 | €14,237 | -€17,438 | -55.1% |
| Remuneration and social security | 454/9 | €5,601 | €0 | -€5,601 | -100.0% |
| Other amounts payable | 47/48 | €71,012 | €51,916 | -€19,096 | -26.9% |
| Remuneration, social security and pensions | 62 | €28,809 | €17,252 | -€11,557 | -40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375 | €3,586 | +€3,212 | +857.4% |
| Other operating charges | 640/8 | €1,111 | €2,960 | +€1,849 | +166.5% |
| Gross operating margin | 9900 | €115,672 | €66,206 | -€49,466 | -42.8% |
| Operating profit (loss) | 9901 | €85,377 | €42,408 | -€42,969 | -50.3% |
| Financial income | 75/76B | €59 | €172 | +€114 | +194.9% |
| Recurring financial income | 75 | €59 | €172 | +€114 | +194.9% |
| Financial charges | 65/66B | - | €405 | +€405 | |
| Recurring financial charges | 65 | - | €405 | +€405 | |
| Profit (loss) for the period before taxes | 9903 | €85,436 | €42,175 | -€43,261 | -50.6% |
| Income taxes | 67/77 | €20,318 | €11,223 | -€9,095 | -44.8% |
| Profit (loss) for the period | 9904 | €65,118 | €30,953 | -€34,166 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,118 | €30,953 | -€34,166 | -52.5% |
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 28 September 2026 via checked.be.