GROWTHAGENT: 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.
GROWTHAGENT
Largest movements
- Receivables within one year -€48,538
down €48,538 (-35.8%), from €135,428 to €86,890
of which Trade receivables: -€43,673
- Cash +€4,528
up €4,528 (+261.8%), from €1,730 to €6,258
mainly Receivables within one year (+€48,538) and Tax, wage and social debts (+€1,485)
- Trade debts -€34,031
down €34,031 (-34.4%), from €98,820 to €64,789
- Current portion of long-term debt -€7,145
down €7,145 (-100.0%), from €7,145 to €0
- Debts after one year -€4,400
down €4,400 (-28.0%), from €15,700 to €11,300
- Tax, wage and social debts +€1,485
up €1,485 (+62.5%), from €2,376 to €3,861
- Other operating charges -€11,927
down €11,927 (-91.8%), from €12,986 to €1,059
- Gross operating margin -€11,276
down €11,276 (-79.7%), from €14,149 to €2,872
- Financial charges -€368
down €368 (-49.1%), from €751 to €382
- Taxes +€185
up €185 (+83.8%), from €220 to €405
- Depreciation +€165
up €165 (+128.1%), from €128 to €293
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 | €138,494 | €94,562 | -€43,932 | -31.7% |
| Fixed assets | 21/28 | €1,337 | €1,202 | -€135 | -10.1% |
| Intangible fixed assets | 21 | €1,337 | €1,044 | -€293 | -21.9% |
| Financial fixed assets | 28 | - | €158 | +€158 | |
| Current assets | 29/58 | €137,158 | €93,361 | -€43,797 | -31.9% |
| Amounts receivable within one year | 40/41 | €135,428 | €86,890 | -€48,538 | -35.8% |
| Trade receivables | 40 | €117,371 | €73,698 | -€43,673 | -37.2% |
| Other amounts receivable | 41 | €18,057 | €13,192 | -€4,865 | -26.9% |
| Cash at bank and in hand | 54/58 | €1,730 | €6,258 | +€4,528 | +261.8% |
| Deferred charges and accrued income | 490/1 | - | €213 | +€213 | |
| Total equity and liabilities | 10/49 | €138,494 | €94,562 | -€43,932 | -31.7% |
| Equity | 10/15 | €8,695 | €9,479 | +€784 | +9.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €40 | €40 | = | 0.0% |
| Distributable reserves | 133 | €40 | €40 | = | 0.0% |
| Profit (loss) carried forward | 14 | €655 | €1,439 | +€784 | +119.6% |
| Amounts payable | 17/49 | €129,799 | €85,084 | -€44,715 | -34.4% |
| Amounts payable after more than one year | 17 | €15,700 | €11,300 | -€4,400 | -28.0% |
| Financial debts | 170/4 | €15,700 | €11,300 | -€4,400 | -28.0% |
| Amounts payable within one year | 42/48 | €114,099 | €73,784 | -€40,315 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €7,145 | €0 | -€7,145 | -100.0% |
| Financial debts | 43 | €624 | €0 | -€624 | -100.0% |
| Credit institutions | 430/8 | €624 | €0 | -€624 | -100.0% |
| Trade debts | 44 | €98,820 | €64,789 | -€34,031 | -34.4% |
| Suppliers | 440/4 | €98,820 | €64,789 | -€34,031 | -34.4% |
| Taxes, remuneration and social security | 45 | €2,376 | €3,861 | +€1,485 | +62.5% |
| Taxes | 450/3 | €2,376 | €3,861 | +€1,485 | +62.5% |
| Other amounts payable | 47/48 | €5,133 | €5,133 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128 | €293 | +€165 | +128.1% |
| Other operating charges | 640/8 | €12,986 | €1,059 | -€11,927 | -91.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €14,149 | €2,872 | -€11,276 | -79.7% |
| Operating profit (loss) | 9901 | €1,035 | €1,521 | +€486 | +46.9% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €751 | €382 | -€368 | -49.1% |
| Recurring financial charges | 65 | €751 | €382 | -€368 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | €284 | €1,188 | +€904 | +318.3% |
| Income taxes | 67/77 | €220 | €405 | +€185 | +83.8% |
| Profit (loss) for the period | 9904 | €64 | €784 | +€720 | +1125.7% |
| Profit (loss) for the period to be appropriated | 9905 | €64 | €784 | +€720 | +1125.7% |
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 6 October 2026 via checked.be.