IF-THEN: 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.
IF-THEN
Largest movements
- Receivables within one year +€19,348
up €19,348 (+9.7%), from €198,959 to €218,307
of which Other amounts receivable: +€19,333
- Trade debts +€18,078
up €18,078 (+49.5%), from €36,509 to €54,587
- Profit (loss) carried forward +€14,676
up €14,676 (+13.7%), from €107,342 to €122,017
- Other debts -€8,580
down €8,580 (-62.2%), from €13,794 to €5,214
- Short-term financial debts -€6,986
down €6,986 (-37.9%), from €18,435 to €11,449
- Gross operating margin +€43,749
up €43,749, from -€21,489 to €22,260
- Other operating charges -€2,888
down €2,888 (-98.9%), from €2,920 to €32
- Taxes +€2,106
up €2,106 (+1036.4%), from €203 to €2,309
- Financial income +€524
up €524 (+873650.0%), from €0 to €524
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 | €202,386 | €221,702 | +€19,316 | +9.5% |
| Fixed assets | 21/28 | €3,409 | €3,310 | -€99 | -2.9% |
| Tangible fixed assets | 22/27 | €3,309 | €3,210 | -€99 | -3.0% |
| Land and buildings | 22 | €3,309 | €3,210 | -€99 | -3.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €198,977 | €218,392 | +€19,414 | +9.8% |
| Amounts receivable within one year | 40/41 | €198,959 | €218,307 | +€19,348 | +9.7% |
| Trade receivables | 40 | €198,230 | €198,245 | +€15 | 0.0% |
| Other amounts receivable | 41 | €729 | €20,062 | +€19,333 | +2653.0% |
| Cash at bank and in hand | 54/58 | €19 | €85 | +€66 | +354.2% |
| Total equity and liabilities | 10/49 | €202,386 | €221,702 | +€19,316 | +9.5% |
| Equity | 10/15 | €115,402 | €130,077 | +€14,676 | +12.7% |
| 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 | €107,342 | €122,017 | +€14,676 | +13.7% |
| Amounts payable | 17/49 | €86,984 | €91,624 | +€4,640 | +5.3% |
| Amounts payable within one year | 42/48 | €86,984 | €91,092 | +€4,108 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €18,435 | €11,449 | -€6,986 | -37.9% |
| Credit institutions | 430/8 | €18,435 | €11,449 | -€6,986 | -37.9% |
| Trade debts | 44 | €36,509 | €54,587 | +€18,078 | +49.5% |
| Suppliers | 440/4 | €36,509 | €54,587 | +€18,078 | +49.5% |
| Taxes, remuneration and social security | 45 | €18,246 | €19,842 | +€1,596 | +8.7% |
| Taxes | 450/3 | €18,246 | €19,842 | +€1,596 | +8.7% |
| Other amounts payable | 47/48 | €13,794 | €5,214 | -€8,580 | -62.2% |
| Accrued charges and deferred income | 492/3 | - | €532 | +€532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98 | €99 | +€1 | +0.9% |
| Other operating charges | 640/8 | €2,920 | €32 | -€2,888 | -98.9% |
| Gross operating margin | 9900 | -€21,489 | €22,260 | +€43,749 | |
| Operating profit (loss) | 9901 | -€24,507 | €22,129 | +€46,636 | |
| Financial income | 75/76B | €0 | €524 | +€524 | +873650.0% |
| Recurring financial income | 75 | €0 | €524 | +€524 | +873650.0% |
| Financial charges | 65/66B | €5,836 | €5,669 | -€167 | -2.9% |
| Recurring financial charges | 65 | €5,836 | €5,669 | -€167 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,343 | €16,984 | +€47,328 | |
| Income taxes | 67/77 | €203 | €2,309 | +€2,106 | +1036.4% |
| Profit (loss) for the period | 9904 | -€30,546 | €14,676 | +€45,222 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,546 | €14,676 | +€45,222 |
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.