KEYMARKS: 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.
KEYMARKS
Largest movements
- Cash +€129,671
up €129,671 (+334.9%), from €38,721 to €168,392
mainly Net result for the year (+€67,426) and Receivables within one year (+€50,372)
- Receivables within one year -€50,372
down €50,372 (-100.0%), from €50,377 to €5
of which Trade receivables: -€31,664
- Tangible fixed assets -€2,213
down €2,213 (-20.5%), from €10,783 to €8,569
of which Furniture and vehicles: -€2,213
- Reserves +€61,339
up €61,339 (+87.9%), from €69,801 to €131,140
of which Distributable reserves: +€61,339
- Other debts +€19,239
up €19,239 (+442.9%), from €4,344 to €23,583
- Trade debts -€2,483
down €2,483 (-27.9%), from €8,907 to €6,424
- Gross operating margin +€62,372
up €62,372 (+159.2%), from €39,167 to €101,539
- Staff costs -€29,677
down €29,677 (-100.0%), from €29,677 to €0
- Taxes +€24,476
up €24,476 (+1848.0%), from €1,324 to €25,801
- Financial charges +€1,495
up €1,495 (+69.8%), from €2,142 to €3,637
- Financial income -€1,312
down €1,312 (-91.6%), from €1,432 to €120
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 | €105,199 | €181,279 | +€76,080 | +72.3% |
| Fixed assets | 21/28 | €10,783 | €8,569 | -€2,213 | -20.5% |
| Tangible fixed assets | 22/27 | €10,783 | €8,569 | -€2,213 | -20.5% |
| Furniture and vehicles | 24 | €9,483 | €7,269 | -€2,213 | -23.3% |
| Other tangible fixed assets | 26 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €94,416 | €172,710 | +€78,294 | +82.9% |
| Amounts receivable within one year | 40/41 | €50,377 | €5 | -€50,372 | -100.0% |
| Trade receivables | 40 | €31,664 | €0 | -€31,664 | -100.0% |
| Other amounts receivable | 41 | €18,713 | €5 | -€18,708 | -100.0% |
| Cash at bank and in hand | 54/58 | €38,721 | €168,392 | +€129,671 | +334.9% |
| Deferred charges and accrued income | 490/1 | €5,318 | €4,313 | -€1,005 | -18.9% |
| Total equity and liabilities | 10/49 | €105,199 | €181,279 | +€76,080 | +72.3% |
| Equity | 10/15 | €88,401 | €149,740 | +€61,339 | +69.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,801 | €131,140 | +€61,339 | +87.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €69,801 | €131,140 | +€61,339 | +87.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,798 | €31,540 | +€14,742 | +87.8% |
| Amounts payable within one year | 42/48 | €16,765 | €31,540 | +€14,775 | +88.1% |
| Financial debts | 43 | €1,047 | €99 | -€948 | -90.5% |
| Credit institutions | 430/8 | €1,047 | €99 | -€948 | -90.5% |
| Trade debts | 44 | €8,907 | €6,424 | -€2,483 | -27.9% |
| Suppliers | 440/4 | €8,907 | €6,424 | -€2,483 | -27.9% |
| Taxes, remuneration and social security | 45 | €2,467 | €1,434 | -€1,033 | -41.9% |
| Taxes | 450/3 | €2,467 | €1,434 | -€1,033 | -41.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,344 | €23,583 | +€19,239 | +442.9% |
| Accrued charges and deferred income | 492/3 | €33 | €0 | -€33 | -100.0% |
| Remuneration, social security and pensions | 62 | €29,677 | €0 | -€29,677 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,778 | €3,781 | +€3 | +0.1% |
| Other operating charges | 640/8 | €602 | €1,014 | +€412 | +68.3% |
| Gross operating margin | 9900 | €39,167 | €101,539 | +€62,372 | +159.2% |
| Operating profit (loss) | 9901 | €5,110 | €96,744 | +€91,634 | +1793.3% |
| Financial income | 75/76B | €1,432 | €120 | -€1,312 | -91.6% |
| Recurring financial income | 75 | €1,432 | €120 | -€1,312 | -91.6% |
| Financial charges | 65/66B | €2,142 | €3,637 | +€1,495 | +69.8% |
| Recurring financial charges | 65 | €2,142 | €3,637 | +€1,495 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | €4,399 | €93,226 | +€88,827 | +2019.1% |
| Income taxes | 67/77 | €1,324 | €25,801 | +€24,476 | +1848.0% |
| Profit (loss) for the period | 9904 | €3,075 | €67,426 | +€64,351 | +2092.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,075 | €67,426 | +€64,351 | +2092.8% |
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 9 October 2026 via checked.be.