Jürgen MÜLLER: 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.
Jürgen MÜLLER
Largest movements
- Receivables within one year +€37,973
up €37,973 (+43.6%), from €87,080 to €125,053
of which Trade receivables: +€37,973
- Tangible fixed assets -€16,380
down €16,380 (-26.5%), from €61,874 to €45,494
of which Furniture and vehicles: -€10,098
- Cash -€9,963
down €9,963 (-67.1%), from €14,851 to €4,888
mainly Receivables within one year (-€37,973) and Debts after one year (-€13,953)
- Debts after one year -€13,953
down €13,953 (-67.9%), from €20,536 to €6,583
- Profit (loss) carried forward +€13,741
up €13,741, from -€13,741 to €0
- Other debts +€8,537
up €8,537 (+13.8%), from €61,839 to €70,376
- Trade debts +€7,398
up €7,398 (+21.4%), from €34,559 to €41,958
- Tax, wage and social debts -€3,285
down €3,285 (-69.0%), from €4,762 to €1,476
of which Remuneration and social security: -€3,271
- Staff costs -€16,101
down €16,101 (-100%), from €16,101 to €0
- Gross operating margin +€6,555
up €6,555 (+21.0%), from €31,278 to €37,833
- Depreciation -€5,331
down €5,331 (-19.9%), from €26,773 to €21,442
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.
Derived cash bridge
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 | €164,493 | €176,074 | +€11,581 | +7.0% |
| Fixed assets | 21/28 | €61,874 | €45,494 | -€16,380 | -26.5% |
| Tangible fixed assets | 22/27 | €61,874 | €45,494 | -€16,380 | -26.5% |
| Plant, machinery and equipment | 23 | €12,487 | €6,204 | -€6,283 | -50.3% |
| Furniture and vehicles | 24 | €49,387 | €39,290 | -€10,098 | -20.4% |
| Current assets | 29/58 | €102,619 | €130,580 | +€27,961 | +27.2% |
| Amounts receivable within one year | 40/41 | €87,080 | €125,053 | +€37,973 | +43.6% |
| Trade receivables | 40 | €87,080 | €125,053 | +€37,973 | +43.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,851 | €4,888 | -€9,963 | -67.1% |
| Deferred charges and accrued income | 490/1 | €689 | €639 | -€49 | -7.2% |
| Total equity and liabilities | 10/49 | €164,493 | €176,074 | +€11,581 | +7.0% |
| Equity | 10/15 | €27,469 | €41,673 | +€14,204 | +51.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,610 | €23,073 | +€464 | +2.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,750 | €21,213 | +€464 | +2.2% |
| Profit (loss) carried forward | 14 | -€13,741 | €0 | +€13,741 | |
| Amounts payable | 17/49 | €137,024 | €134,400 | -€2,624 | -1.9% |
| Amounts payable after more than one year | 17 | €20,536 | €6,583 | -€13,953 | -67.9% |
| Financial debts | 170/4 | €20,536 | €6,583 | -€13,953 | -67.9% |
| Amounts payable within one year | 42/48 | €116,446 | €127,763 | +€11,317 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €15,286 | €13,953 | -€1,333 | -8.7% |
| Trade debts | 44 | €34,559 | €41,958 | +€7,398 | +21.4% |
| Suppliers | 440/4 | €34,559 | €41,958 | +€7,398 | +21.4% |
| Taxes, remuneration and social security | 45 | €4,762 | €1,476 | -€3,285 | -69.0% |
| Taxes | 450/3 | €1,491 | €1,476 | -€14 | -1.0% |
| Remuneration and social security | 454/9 | €3,271 | €0 | -€3,271 | -100% |
| Other amounts payable | 47/48 | €61,839 | €70,376 | +€8,537 | +13.8% |
| Accrued charges and deferred income | 492/3 | €42 | €54 | +€12 | +28.6% |
| Remuneration, social security and pensions | 62 | €16,101 | €0 | -€16,101 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,773 | €21,442 | -€5,331 | -19.9% |
| Other operating charges | 640/8 | €1,073 | €1,338 | +€265 | +24.7% |
| Gross operating margin | 9900 | €31,278 | €37,833 | +€6,555 | +21.0% |
| Operating profit (loss) | 9901 | -€12,669 | €15,053 | +€27,722 | |
| Financial income | 75/76B | €3 | €4 | +€1 | +24.4% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +24.4% |
| Financial charges | 65/66B | €1,074 | €806 | -€268 | -25.0% |
| Recurring financial charges | 65 | €1,074 | €806 | -€268 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,741 | €14,250 | +€27,991 | |
| Income taxes | 67/77 | €0 | €46 | +€46 | |
| Profit (loss) for the period | 9904 | -€13,741 | €14,204 | +€27,945 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,741 | €14,204 | +€27,945 |
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 28 October 2026 via checked.be.