Jacky CHOFFRAY: 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.
Jacky CHOFFRAY
Largest movements
- Tangible fixed assets +€15,169
up €15,169 (+67.6%), from €22,445 to €37,613
- Cash +€4,840
up €4,840 (+55.6%), from €8,703 to €13,543
mainly Tax, wage and social debts (+€12,806) and Depreciation (+€12,179)
- Receivables within one year -€3,886
down €3,886 (-5.6%), from €69,466 to €65,580
of which Trade receivables: -€23,156
- Trade debts -€12,901
down €12,901 (-40.4%), from €31,973 to €19,072
- Tax, wage and social debts +€12,806
up €12,806 (+247.1%), from €5,181 to €17,987
- Profit (loss) carried forward +€8,219
up €8,219 (+19.8%), from €41,549 to €49,767
- Short-term financial debts +€8,000
up €8,000 (+266.7%), from €3,000 to €11,000
- Financial charges +€10,734
up €10,734 (+1672.8%), from €642 to €11,376
of which Non-recurring financial charges: +€9,168
- Gross operating margin +€9,420
up €9,420 (+38.7%), from €24,365 to €33,784
- Taxes +€1,519
new in 2024: €1,519
- Depreciation +€1,047
up €1,047 (+9.4%), from €11,132 to €12,179
- Other operating charges +€413
up €413 (+388.5%), from €106 to €519
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 | €100,814 | €116,937 | +€16,123 | +16.0% |
| Fixed assets | 21/28 | €22,645 | €37,813 | +€15,169 | +67.0% |
| Tangible fixed assets | 22/27 | €22,445 | €37,613 | +€15,169 | +67.6% |
| Furniture and vehicles | 24 | €22,445 | €37,613 | +€15,169 | +67.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €78,169 | €79,123 | +€954 | +1.2% |
| Amounts receivable within one year | 40/41 | €69,466 | €65,580 | -€3,886 | -5.6% |
| Trade receivables | 40 | €32,486 | €9,330 | -€23,156 | -71.3% |
| Other amounts receivable | 41 | €36,980 | €56,250 | +€19,270 | +52.1% |
| Cash at bank and in hand | 54/58 | €8,703 | €13,543 | +€4,840 | +55.6% |
| Total equity and liabilities | 10/49 | €100,814 | €116,937 | +€16,123 | +16.0% |
| Equity | 10/15 | €60,659 | €68,878 | +€8,219 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €511 | €511 | = | 0.0% |
| Non-distributable reserves | 130/1 | €511 | €511 | = | 0.0% |
| Reserves not available under the articles | 1311 | €511 | €511 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,549 | €49,767 | +€8,219 | +19.8% |
| Amounts payable | 17/49 | €40,155 | €48,059 | +€7,904 | +19.7% |
| Amounts payable within one year | 42/48 | €40,155 | €48,059 | +€7,904 | +19.7% |
| Financial debts | 43 | €3,000 | €11,000 | +€8,000 | +266.7% |
| Credit institutions | 430/8 | €3,000 | €11,000 | +€8,000 | +266.7% |
| Trade debts | 44 | €31,973 | €19,072 | -€12,901 | -40.4% |
| Suppliers | 440/4 | €31,973 | €19,072 | -€12,901 | -40.4% |
| Taxes, remuneration and social security | 45 | €5,181 | €17,987 | +€12,806 | +247.1% |
| Taxes | 450/3 | €5,181 | €17,987 | +€12,806 | +247.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,132 | €12,179 | +€1,047 | +9.4% |
| Other operating charges | 640/8 | €106 | €519 | +€413 | +388.5% |
| Gross operating margin | 9900 | €24,365 | €33,784 | +€9,420 | +38.7% |
| Operating profit (loss) | 9901 | €13,127 | €21,087 | +€7,960 | +60.6% |
| Financial income | 75/76B | €19 | €27 | +€9 | +47.8% |
| Recurring financial income | 75 | €19 | €27 | +€9 | +47.8% |
| Financial charges | 65/66B | €642 | €11,376 | +€10,734 | +1672.8% |
| Recurring financial charges | 65 | €642 | €2,208 | +€1,567 | +244.1% |
| Non-recurring financial charges | 66B | - | €9,168 | +€9,168 | |
| Profit (loss) for the period before taxes | 9903 | €12,503 | €9,738 | -€2,765 | -22.1% |
| Transfer to deferred taxes | 680 | €698 | - | -€698 | |
| Income taxes | 67/77 | - | €1,519 | +€1,519 | |
| Profit (loss) for the period | 9904 | €11,805 | €8,219 | -€3,587 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,805 | €8,219 | -€3,587 | -30.4% |
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 10 October 2026 via checked.be.