ITALIC: 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.
ITALIC
Largest movements
- Receivables within one year -€20,836
down €20,836 (-34.6%), from €60,295 to €39,460
of which Trade receivables: -€17,423
- Deferred charges and accrued income +€6,237
up €6,237 (+1128.4%), from €553 to €6,790
- Cash -€4,769
down €4,769 (-25.2%), from €18,897 to €14,128
mainly Investment in fixed assets (net) (-€16,024) and Net result for the year (-€12,824)
- Tangible fixed assets +€4,257
up €4,257 (+31.8%), from €13,376 to €17,633
of which Furniture and vehicles: +€4,711
- Profit (loss) carried forward -€12,824
down €12,824 (-1857.3%), from -€690 to -€13,515
- Tax, wage and social debts -€6,735
down €6,735 (-39.9%), from €16,863 to €10,128
- Trade debts +€4,522
up €4,522 (+70.4%), from €6,424 to €10,946
- Gross operating margin +€14,325
up €14,325, from -€11,673 to €2,652
- Depreciation +€2,964
up €2,964 (+33.7%), from €8,802 to €11,767
- Financial charges +€1,930
up €1,930 (+132.0%), from €1,462 to €3,392
- Financial income +€634
up €634 (+67.0%), from €946 to €1,581
- Taxes +€534
up €534 (+249.2%), from €214 to €748
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 | €95,922 | €80,811 | -€15,111 | -15.8% |
| Fixed assets | 21/28 | €16,176 | €20,433 | +€4,257 | +26.3% |
| Tangible fixed assets | 22/27 | €13,376 | €17,633 | +€4,257 | +31.8% |
| Furniture and vehicles | 24 | €12,810 | €17,521 | +€4,711 | +36.8% |
| Other tangible fixed assets | 26 | €566 | €112 | -€454 | -80.1% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €79,746 | €60,378 | -€19,368 | -24.3% |
| Amounts receivable within one year | 40/41 | €60,295 | €39,460 | -€20,836 | -34.6% |
| Trade receivables | 40 | €26,929 | €9,507 | -€17,423 | -64.7% |
| Other amounts receivable | 41 | €33,366 | €29,953 | -€3,413 | -10.2% |
| Cash at bank and in hand | 54/58 | €18,897 | €14,128 | -€4,769 | -25.2% |
| Deferred charges and accrued income | 490/1 | €553 | €6,790 | +€6,237 | +1128.4% |
| Total equity and liabilities | 10/49 | €95,922 | €80,811 | -€15,111 | -15.8% |
| Equity | 10/15 | €72,561 | €59,737 | -€12,824 | -17.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €65,192 | €65,192 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,520 | €4,520 | = | 0.0% |
| Distributable reserves | 133 | €60,672 | €60,672 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€690 | -€13,515 | -€12,824 | -1857.3% |
| Amounts payable | 17/49 | €23,360 | €21,074 | -€2,286 | -9.8% |
| Amounts payable within one year | 42/48 | €23,287 | €21,074 | -€2,213 | -9.5% |
| Trade debts | 44 | €6,424 | €10,946 | +€4,522 | +70.4% |
| Suppliers | 440/4 | €6,424 | €10,946 | +€4,522 | +70.4% |
| Taxes, remuneration and social security | 45 | €16,863 | €10,128 | -€6,735 | -39.9% |
| Taxes | 450/3 | €16,863 | €10,128 | -€6,735 | -39.9% |
| Accrued charges and deferred income | 492/3 | €73 | - | -€73 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,802 | €11,767 | +€2,964 | +33.7% |
| Other operating charges | 640/8 | €961 | €1,150 | +€189 | +19.7% |
| Gross operating margin | 9900 | -€11,673 | €2,652 | +€14,325 | |
| Operating profit (loss) | 9901 | -€21,436 | -€10,264 | +€11,172 | +52.1% |
| Financial income | 75/76B | €946 | €1,581 | +€634 | +67.0% |
| Recurring financial income | 75 | €946 | €1,581 | +€634 | +67.0% |
| Financial charges | 65/66B | €1,462 | €3,392 | +€1,930 | +132.0% |
| Recurring financial charges | 65 | €1,462 | €3,392 | +€1,930 | +132.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,952 | -€12,076 | +€9,876 | +45.0% |
| Income taxes | 67/77 | €214 | €748 | +€534 | +249.2% |
| Profit (loss) for the period | 9904 | -€22,166 | -€12,824 | +€9,342 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,166 | -€12,824 | +€9,342 | +42.1% |
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.