James: 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.
James
Largest movements
- Receivables after one year +€790,176
new in 2024: €790,176
- Cash +€202,964
up €202,964 (+334.8%), from €60,624 to €263,588
mainly Debts after one year (+€765,000) and Net result for the year (+€251,013)
- Receivables within one year +€129,422
up €129,422 (+163.6%), from €79,118 to €208,540
of which Trade receivables: +€129,422
- Debts after one year +€765,000
new in 2024: €765,000
- Reserves +€225,000
new in 2024: €225,000
- Tax, wage and social debts +€90,227
up €90,227 (+529.9%), from €17,026 to €107,254
- Profit (loss) carried forward +€26,013
up €26,013 (+22.3%), from €116,862 to €142,875
- Trade debts +€15,624
up €15,624 (+388.4%), from €4,023 to €19,647
- Gross operating margin +€308,580
up €308,580 (+632.0%), from €48,822 to €357,402
- Taxes +€64,921
up €64,921 (+505.7%), from €12,839 to €77,760
- Staff costs +€7,989
up €7,989 (+63.9%), from €12,502 to €20,491
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 | €142,911 | €1,264,776 | +€1.1m | +785.0% |
| Fixed assets | 21/28 | €2,349 | €1,652 | -€697 | -29.7% |
| Tangible fixed assets | 22/27 | €2,349 | €1,652 | -€697 | -29.7% |
| Furniture and vehicles | 24 | €2,349 | €1,652 | -€697 | -29.7% |
| Current assets | 29/58 | €140,562 | €1,263,123 | +€1.1m | +798.6% |
| Amounts receivable after more than one year | 29 | - | €790,176 | +€790,176 | |
| Other amounts receivable | 291 | - | €790,176 | +€790,176 | |
| Amounts receivable within one year | 40/41 | €79,118 | €208,540 | +€129,422 | +163.6% |
| Trade receivables | 40 | €66,540 | €195,962 | +€129,422 | +194.5% |
| Other amounts receivable | 41 | €12,578 | €12,578 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60,624 | €263,588 | +€202,964 | +334.8% |
| Deferred charges and accrued income | 490/1 | €819 | €819 | = | 0.0% |
| Total equity and liabilities | 10/49 | €142,911 | €1,264,776 | +€1.1m | +785.0% |
| Equity | 10/15 | €121,862 | €372,875 | +€251,013 | +206.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Share premium | 1100/10 | - | €5,000 | +€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | - | €225,000 | +€225,000 | |
| Distributable reserves | 133 | - | €225,000 | +€225,000 | |
| Profit (loss) carried forward | 14 | €116,862 | €142,875 | +€26,013 | +22.3% |
| Amounts payable | 17/49 | €21,049 | €891,901 | +€870,852 | +4137.2% |
| Amounts payable after more than one year | 17 | - | €765,000 | +€765,000 | |
| Financial debts | 170/4 | - | €765,000 | +€765,000 | |
| Amounts payable within one year | 42/48 | €21,049 | €126,901 | +€105,852 | +502.9% |
| Trade debts | 44 | €4,023 | €19,647 | +€15,624 | +388.4% |
| Suppliers | 440/4 | €4,023 | €19,647 | +€15,624 | +388.4% |
| Taxes, remuneration and social security | 45 | €17,026 | €107,254 | +€90,227 | +529.9% |
| Taxes | 450/3 | €17,026 | €107,254 | +€90,227 | +529.9% |
| Remuneration, social security and pensions | 62 | €12,502 | €20,491 | +€7,989 | +63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €697 | +€697 | |
| Other operating charges | 640/8 | €1,991 | €2,502 | +€512 | +25.7% |
| Gross operating margin | 9900 | €48,822 | €357,402 | +€308,580 | +632.0% |
| Operating profit (loss) | 9901 | €34,330 | €333,712 | +€299,382 | +872.1% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €2,005 | €4,964 | +€2,959 | +147.6% |
| Recurring financial charges | 65 | €2,005 | €4,964 | +€2,959 | +147.6% |
| Profit (loss) for the period before taxes | 9903 | €32,325 | €328,773 | +€296,448 | +917.1% |
| Income taxes | 67/77 | €12,839 | €77,760 | +€64,921 | +505.7% |
| Profit (loss) for the period | 9904 | €19,486 | €251,013 | +€231,527 | +1188.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,486 | €251,013 | +€231,527 | +1188.2% |
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 5 October 2026 via checked.be.