GET YOUR WAY: 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.
GET YOUR WAY
Largest movements
- Cash +€308,242
up €308,242 (+202%), from €152,254 to €460,495
mainly Debts after one year (+€595,000) and Accrued charges and deferred income (+€59,853)
- Intangible fixed assets +€227,657
up €227,657 (+5,790%), from €3,932 to €231,589
- Receivables within one year +€120,042
up €120,042 (+292%), from €41,104 to €161,146
of which Trade receivables: +€81,575
- Tangible fixed assets -€64,802
down €64,802 (-65.4%), from €99,105 to €34,302
of which Other tangible fixed assets: -€58,363
- Debts after one year +€595,000
up €595,000 (+278%), from €214,000 to €809,000
- Profit (loss) carried forward -€126,211
down €126,211 (-188%), from -€67,021 to -€193,232
- Accrued charges and deferred income +€59,853
up €59,853 (+3,661%), from €1,635 to €61,488
- Investment grants +€49,593
up €49,593 (+248%), from €20,000 to €69,593
- Tax, wage and social debts +€15,072
up €15,072 (+194%), from €7,772 to €22,845
of which Remuneration and social security: +€13,390
- Gross operating margin -€20,988
down €20,988 (-33.2%), from -€63,194 to -€84,182
- Staff costs +€17,993
up €17,993 (+235%), from €7,659 to €25,652
- Depreciation +€15,415
up €15,415 (+75.3%), from €20,465 to €35,881
- Financial income -€10,149
down €10,149 (-26.6%), from €38,172 to €28,022
- Financial charges +€4,251
up €4,251 (+114%), from €3,727 to €7,978
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 | €297,348 | €893,038 | +€595,690 | +200% |
| Fixed assets | 21/28 | €103,242 | €266,096 | +€162,855 | +158% |
| Intangible fixed assets | 21 | €3,932 | €231,589 | +€227,657 | +5,790% |
| Tangible fixed assets | 22/27 | €99,105 | €34,302 | -€64,802 | -65.4% |
| Land and buildings | 22 | - | €1,560 | +€1,560 | |
| Plant, machinery and equipment | 23 | €1,525 | €1,981 | +€456 | +29.9% |
| Furniture and vehicles | 24 | €12,086 | €3,631 | -€8,455 | -70.0% |
| Other tangible fixed assets | 26 | €85,494 | €27,131 | -€58,363 | -68.3% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €194,107 | €626,942 | +€432,835 | +223% |
| Amounts receivable within one year | 40/41 | €41,104 | €161,146 | +€120,042 | +292% |
| Trade receivables | 40 | €31,560 | €113,134 | +€81,575 | +258% |
| Other amounts receivable | 41 | €9,544 | €48,012 | +€38,468 | +403% |
| Cash at bank and in hand | 54/58 | €152,254 | €460,495 | +€308,242 | +202% |
| Deferred charges and accrued income | 490/1 | €749 | €5,300 | +€4,551 | +607% |
| Total equity and liabilities | 10/49 | €297,348 | €893,038 | +€595,690 | +200% |
| Equity | 10/15 | €44,569 | -€32,049 | -€76,618 | |
| Contributions | 10/11 | €91,590 | €91,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,021 | -€193,232 | -€126,211 | -188% |
| Investment grants | 15 | €20,000 | €69,593 | +€49,593 | +248% |
| Amounts payable | 17/49 | €252,779 | €925,087 | +€672,308 | +266% |
| Amounts payable after more than one year | 17 | €214,000 | €809,000 | +€595,000 | +278% |
| Financial debts | 170/4 | €214,000 | €809,000 | +€595,000 | +278% |
| Amounts payable within one year | 42/48 | €37,144 | €54,600 | +€17,455 | +47.0% |
| Trade debts | 44 | €8,244 | €6,929 | -€1,314 | -15.9% |
| Suppliers | 440/4 | €8,244 | €6,929 | -€1,314 | -15.9% |
| Taxes, remuneration and social security | 45 | €7,772 | €22,845 | +€15,072 | +194% |
| Taxes | 450/3 | €6,165 | €7,848 | +€1,683 | +27.3% |
| Remuneration and social security | 454/9 | €1,607 | €14,997 | +€13,390 | +833% |
| Other amounts payable | 47/48 | €21,129 | €24,826 | +€3,697 | +17.5% |
| Accrued charges and deferred income | 492/3 | €1,635 | €61,488 | +€59,853 | +3,661% |
| Remuneration, social security and pensions | 62 | €7,659 | €25,652 | +€17,993 | +235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,465 | €35,881 | +€15,415 | +75.3% |
| Other operating charges | 640/8 | €94 | €361 | +€267 | +284% |
| Gross operating margin | 9900 | -€63,194 | -€84,182 | -€20,988 | -33.2% |
| Operating profit (loss) | 9901 | -€91,412 | -€146,075 | -€54,663 | -59.8% |
| Financial income | 75/76B | €38,172 | €28,022 | -€10,149 | -26.6% |
| Recurring financial income | 75 | €38,172 | €28,022 | -€10,149 | -26.6% |
| Financial charges | 65/66B | €3,727 | €7,978 | +€4,251 | +114% |
| Recurring financial charges | 65 | €3,727 | €7,978 | +€4,251 | +114% |
| Profit (loss) for the period before taxes | 9903 | -€56,967 | -€126,030 | -€69,063 | -121% |
| Income taxes | 67/77 | €123 | €180 | +€57 | +46.3% |
| Profit (loss) for the period | 9904 | -€57,090 | -€126,211 | -€69,120 | -121% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,090 | -€126,211 | -€69,120 | -121% |
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.