Headway: 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.
Headway
Largest movements
- Cash -€5,464
down €5,464 (-19.7%), from €27,717 to €22,253
mainly Trade debts (-€11,649) and Other debts (-€899)
- Tangible fixed assets -€1,876
down €1,876 (-57.9%), from €3,241 to €1,365
of which Furniture and vehicles: -€1,465
- Receivables within one year -€642
down €642 (-69.3%), from €926 to €285
- Deferred charges and accrued income -€326
down €326 (-100.0%), from €326 to €0
- Trade debts -€11,649
down €11,649 (-95.9%), from €12,140 to €492
- Profit (loss) carried forward +€4,052
up €4,052 (+123.5%), from €3,281 to €7,333
- Other debts -€899
down €899 (-10.6%), from €8,510 to €7,611
- Accrued charges and deferred income +€408
new in 2024: €408
- Gross operating margin +€9,135
up €9,135, from -€2,529 to €6,606
- Depreciation -€520
down €520 (-21.7%), from €2,396 to €1,876
- Other operating charges -€88
down €88 (-12.9%), from €677 to €589
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 | €32,211 | €23,903 | -€8,308 | -25.8% |
| Fixed assets | 21/28 | €3,241 | €1,365 | -€1,876 | -57.9% |
| Tangible fixed assets | 22/27 | €3,241 | €1,365 | -€1,876 | -57.9% |
| Land and buildings | 22 | €1,232 | €821 | -€411 | -33.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,009 | €544 | -€1,465 | -72.9% |
| Current assets | 29/58 | €28,970 | €22,538 | -€6,432 | -22.2% |
| Amounts receivable within one year | 40/41 | €926 | €285 | -€642 | -69.3% |
| Other amounts receivable | 41 | €926 | €285 | -€642 | -69.3% |
| Cash at bank and in hand | 54/58 | €27,717 | €22,253 | -€5,464 | -19.7% |
| Deferred charges and accrued income | 490/1 | €326 | €0 | -€326 | -100.0% |
| Total equity and liabilities | 10/49 | €32,211 | €23,903 | -€8,308 | -25.8% |
| Equity | 10/15 | €11,341 | €15,393 | +€4,052 | +35.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,281 | €7,333 | +€4,052 | +123.5% |
| Amounts payable | 17/49 | €20,870 | €8,510 | -€12,360 | -59.2% |
| Amounts payable within one year | 42/48 | €20,870 | €8,103 | -€12,768 | -61.2% |
| Trade debts | 44 | €12,140 | €492 | -€11,649 | -95.9% |
| Suppliers | 440/4 | €12,140 | €492 | -€11,649 | -95.9% |
| Taxes, remuneration and social security | 45 | €220 | €0 | -€220 | -100.0% |
| Taxes | 450/3 | €220 | €0 | -€220 | -100.0% |
| Other amounts payable | 47/48 | €8,510 | €7,611 | -€899 | -10.6% |
| Accrued charges and deferred income | 492/3 | - | €408 | +€408 | |
| Non-recurring operating income | 76A | - | €11,264 | +€11,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,396 | €1,876 | -€520 | -21.7% |
| Other operating charges | 640/8 | €677 | €589 | -€88 | -12.9% |
| Gross operating margin | 9900 | -€2,529 | €6,606 | +€9,135 | |
| Operating profit (loss) | 9901 | -€5,601 | €4,141 | +€9,742 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €96 | €89 | -€7 | -7.5% |
| Recurring financial charges | 65 | €96 | €89 | -€7 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,697 | €4,052 | +€9,750 | |
| Profit (loss) for the period | 9904 | -€5,697 | €4,052 | +€9,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,697 | €4,052 | +€9,750 |
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 9 October 2026 via checked.be.