Insight & Action: 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.
Insight & Action
Largest movements
- Receivables within one year +€46,155
up €46,155 (+645.5%), from €7,151 to €53,306
of which Trade receivables: +€35,215
- Cash +€15,460
up €15,460 (+208.1%), from €7,427 to €22,888
mainly Net result for the year (+€72,292) and Tax, wage and social debts (+€17,816)
- Tangible fixed assets -€14,992
down €14,992 (-21.1%), from €70,988 to €55,996
- Reserves +€63,531
new in 2024: €63,531
- Other debts -€26,319
no longer reported in 2024 (was €26,319)
- Tax, wage and social debts +€17,816
up €17,816 (+960.7%), from €1,855 to €19,670
- Debts after one year -€16,338
down €16,338 (-36.2%), from €45,159 to €28,821
- Profit (loss) carried forward +€8,761
no longer reported in 2024 (was -€8,761)
- Gross operating margin +€118,018
up €118,018, from -€3,551 to €114,467
- Taxes +€24,585
up €24,585 (+33868.5%), from €73 to €24,658
- Depreciation +€11,021
up €11,021 (+277.6%), from €3,970 to €14,992
- Financial charges +€1,373
up €1,373 (+132.8%), from €1,033 to €2,406
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 | €87,136 | €134,335 | +€47,199 | +54.2% |
| Fixed assets | 21/28 | €70,988 | €55,996 | -€14,992 | -21.1% |
| Tangible fixed assets | 22/27 | €70,988 | €55,996 | -€14,992 | -21.1% |
| Furniture and vehicles | 24 | €70,988 | €55,996 | -€14,992 | -21.1% |
| Current assets | 29/58 | €16,148 | €78,338 | +€62,190 | +385.1% |
| Amounts receivable within one year | 40/41 | €7,151 | €53,306 | +€46,155 | +645.5% |
| Trade receivables | 40 | €6,000 | €41,215 | +€35,215 | +587.0% |
| Other amounts receivable | 41 | €1,151 | €12,091 | +€10,940 | +950.5% |
| Cash at bank and in hand | 54/58 | €7,427 | €22,888 | +€15,460 | +208.1% |
| Deferred charges and accrued income | 490/1 | €1,570 | €2,145 | +€575 | +36.6% |
| Total equity and liabilities | 10/49 | €87,136 | €134,335 | +€47,199 | +54.2% |
| Equity | 10/15 | -€3,761 | €68,531 | +€72,292 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €63,531 | +€63,531 | |
| Distributable reserves | 133 | - | €63,531 | +€63,531 | |
| Profit (loss) carried forward | 14 | -€8,761 | - | +€8,761 | |
| Amounts payable | 17/49 | €90,897 | €65,803 | -€25,094 | -27.6% |
| Amounts payable after more than one year | 17 | €45,159 | €28,821 | -€16,338 | -36.2% |
| Financial debts | 170/4 | €45,159 | €28,821 | -€16,338 | -36.2% |
| Amounts payable within one year | 42/48 | €45,738 | €36,982 | -€8,756 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €15,658 | €16,338 | +€680 | +4.3% |
| Trade debts | 44 | €1,907 | €974 | -€933 | -48.9% |
| Suppliers | 440/4 | €1,907 | €974 | -€933 | -48.9% |
| Taxes, remuneration and social security | 45 | €1,855 | €19,670 | +€17,816 | +960.7% |
| Taxes | 450/3 | €1,855 | €19,670 | +€17,816 | +960.7% |
| Other amounts payable | 47/48 | €26,319 | - | -€26,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,970 | €14,992 | +€11,021 | +277.6% |
| Other operating charges | 640/8 | €134 | €432 | +€298 | +222.2% |
| Gross operating margin | 9900 | -€3,551 | €114,467 | +€118,018 | |
| Operating profit (loss) | 9901 | -€7,655 | €99,044 | +€106,699 | |
| Financial income | 75/76B | - | €312 | +€312 | |
| Recurring financial income | 75 | - | €312 | +€312 | |
| Financial charges | 65/66B | €1,033 | €2,406 | +€1,373 | +132.8% |
| Recurring financial charges | 65 | €1,033 | €2,406 | +€1,373 | +132.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,688 | €96,950 | +€105,639 | |
| Income taxes | 67/77 | €73 | €24,658 | +€24,585 | +33868.5% |
| Profit (loss) for the period | 9904 | -€8,761 | €72,292 | +€81,053 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,761 | €72,292 | +€81,053 |
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 29 September 2026 via checked.be.