HELLO WORLD: 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.
HELLO WORLD
Largest movements
- Receivables within one year +€219,301
up €219,301 (+95.6%), from €229,501 to €448,802
of which Other amounts receivable: +€227,494
- Cash +€26,285
up €26,285 (+359%), from €7,322 to €33,607
mainly Net result for the year (+€219,361) and Tax, wage and social debts (+€102,677)
- Deferred charges and accrued income +€23,485
up €23,485 (+571%), from €4,112 to €27,597
- Reserves +€219,361
up €219,361 (+16.1%), from €1.4m to €1.6m
of which Distributable reserves: +€219,361
- Tax, wage and social debts +€102,677
up €102,677 (+63.3%), from €162,098 to €264,775
- Debts after one year -€53,272
down €53,272 (-14.2%), from €376,275 to €323,003
- Other operating charges -€11,265
down €11,265 (-80.7%), from €13,951 to €2,686
- Financial income -€10,092
down €10,092 (-26.8%), from €37,690 to €27,598
- Taxes +€8,119
up €8,119 (+10.6%), from €76,948 to €85,066
- Gross operating margin +€5,733
up €5,733 (+1.9%), from €302,860 to €308,593
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 | €1,986,088 | €2,236,371 | +€250,282 | +12.6% |
| Fixed assets | 21/28 | €750,153 | €731,365 | -€18,788 | -2.5% |
| Tangible fixed assets | 22/27 | €625,153 | €606,365 | -€18,788 | -3.0% |
| Land and buildings | 22 | €623,553 | €605,165 | -€18,388 | -2.9% |
| Furniture and vehicles | 24 | €1,600 | €1,200 | -€400 | -25.0% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €1,235,935 | €1,505,006 | +€269,071 | +21.8% |
| Amounts receivable after more than one year | 29 | €995,000 | €995,000 | = | 0.0% |
| Other amounts receivable | 291 | €995,000 | €995,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €229,501 | €448,802 | +€219,301 | +95.6% |
| Trade receivables | 40 | €228,632 | €220,439 | -€8,193 | -3.6% |
| Other amounts receivable | 41 | €870 | €228,363 | +€227,494 | +26,163% |
| Cash at bank and in hand | 54/58 | €7,322 | €33,607 | +€26,285 | +359% |
| Deferred charges and accrued income | 490/1 | €4,112 | €27,597 | +€23,485 | +571% |
| Total equity and liabilities | 10/49 | €1,986,088 | €2,236,371 | +€250,282 | +12.6% |
| Equity | 10/15 | €1,367,221 | €1,586,582 | +€219,361 | +16.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,361,021 | €1,580,382 | +€219,361 | +16.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,975 | €10,975 | = | 0.0% |
| Distributable reserves | 133 | €1,348,186 | €1,567,548 | +€219,361 | +16.3% |
| Amounts payable | 17/49 | €618,868 | €649,789 | +€30,921 | +5.0% |
| Amounts payable after more than one year | 17 | €376,275 | €323,003 | -€53,272 | -14.2% |
| Financial debts | 170/4 | €376,275 | €323,003 | -€53,272 | -14.2% |
| Amounts payable within one year | 42/48 | €241,633 | €325,818 | +€84,185 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €65,083 | €53,242 | -€11,841 | -18.2% |
| Trade debts | 44 | €8,452 | €1,801 | -€6,651 | -78.7% |
| Suppliers | 440/4 | €8,452 | €1,801 | -€6,651 | -78.7% |
| Taxes, remuneration and social security | 45 | €162,098 | €264,775 | +€102,677 | +63.3% |
| Taxes | 450/3 | €162,098 | €264,775 | +€102,677 | +63.3% |
| Other amounts payable | 47/48 | €6,000 | €6,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €960 | €968 | +€7 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,351 | €18,788 | -€563 | -2.9% |
| Other operating charges | 640/8 | €13,951 | €2,686 | -€11,265 | -80.7% |
| Gross operating margin | 9900 | €302,860 | €308,593 | +€5,733 | +1.9% |
| Operating profit (loss) | 9901 | €269,558 | €287,119 | +€17,561 | +6.5% |
| Financial income | 75/76B | €37,690 | €27,598 | -€10,092 | -26.8% |
| Recurring financial income | 75 | €37,690 | €27,598 | -€10,092 | -26.8% |
| Financial charges | 65/66B | €12,773 | €10,289 | -€2,484 | -19.4% |
| Recurring financial charges | 65 | €12,773 | €10,289 | -€2,484 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €294,476 | €304,428 | +€9,952 | +3.4% |
| Income taxes | 67/77 | €76,948 | €85,066 | +€8,119 | +10.6% |
| Profit (loss) for the period | 9904 | €217,528 | €219,361 | +€1,833 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €217,528 | €219,361 | +€1,833 | +0.8% |
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 29 October 2026 via checked.be.