LAW DE BACKER: 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.
LAW DE BACKER
Largest movements
- Receivables within one year +€5,907
up €5,907 (+37.7%), from €15,671 to €21,577
of which Trade receivables: +€11,532
- Tangible fixed assets +€5,446
up €5,446 (+28.1%), from €19,390 to €24,836
of which Furniture and vehicles: +€3,082
- Other debts +€23,234
up €23,234 (+8.4%), from €277,543 to €300,777
- Trade debts -€7,455
down €7,455 (-42.5%), from €17,525 to €10,070
- Profit (loss) carried forward -€3,891
down €3,891 (-0.6%), from -€668,431 to -€672,322
- Gross operating margin +€24,089
up €24,089, from -€18,717 to €5,371
- Financial income -€395
down €395 (-98.9%), from €399 to €4
- Depreciation +€291
up €291 (+7.4%), from €3,932 to €4,223
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 | €40,643 | €52,559 | +€11,916 | +29.3% |
| Fixed assets | 21/28 | €19,390 | €24,836 | +€5,446 | +28.1% |
| Tangible fixed assets | 22/27 | €19,390 | €24,836 | +€5,446 | +28.1% |
| Furniture and vehicles | 24 | €2,396 | €5,478 | +€3,082 | +129% |
| Other tangible fixed assets | 26 | €16,994 | €19,358 | +€2,364 | +13.9% |
| Current assets | 29/58 | €21,253 | €27,723 | +€6,470 | +30.4% |
| Amounts receivable within one year | 40/41 | €15,671 | €21,577 | +€5,907 | +37.7% |
| Trade receivables | 40 | €9,649 | €21,181 | +€11,532 | +120% |
| Other amounts receivable | 41 | €6,022 | €396 | -€5,625 | -93.4% |
| Cash at bank and in hand | 54/58 | €629 | €766 | +€137 | +21.9% |
| Deferred charges and accrued income | 490/1 | €4,954 | €5,380 | +€426 | +8.6% |
| Total equity and liabilities | 10/49 | €40,643 | €52,559 | +€11,916 | +29.3% |
| Equity | 10/15 | -€254,685 | -€258,576 | -€3,891 | -1.5% |
| Contributions | 10/11 | €411,887 | €411,887 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€668,431 | -€672,322 | -€3,891 | -0.6% |
| Amounts payable | 17/49 | €295,328 | €311,135 | +€15,807 | +5.4% |
| Amounts payable within one year | 42/48 | €295,328 | €311,135 | +€15,807 | +5.4% |
| Trade debts | 44 | €17,525 | €10,070 | -€7,455 | -42.5% |
| Suppliers | 440/4 | €17,525 | €10,070 | -€7,455 | -42.5% |
| Taxes, remuneration and social security | 45 | €260 | €288 | +€28 | +10.6% |
| Taxes | 450/3 | €260 | €288 | +€28 | +10.6% |
| Other amounts payable | 47/48 | €277,543 | €300,777 | +€23,234 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,932 | €4,223 | +€291 | +7.4% |
| Other operating charges | 640/8 | €4,556 | €4,479 | -€77 | -1.7% |
| Gross operating margin | 9900 | -€18,717 | €5,371 | +€24,089 | |
| Operating profit (loss) | 9901 | -€27,205 | -€3,331 | +€23,874 | +87.8% |
| Financial income | 75/76B | €399 | €4 | -€395 | -98.9% |
| Recurring financial income | 75 | €399 | €4 | -€395 | -98.9% |
| Financial charges | 65/66B | €442 | €276 | -€165 | -37.4% |
| Recurring financial charges | 65 | €442 | €276 | -€165 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,248 | -€3,603 | +€23,644 | +86.8% |
| Income taxes | 67/77 | €263 | €288 | +€25 | +9.6% |
| Profit (loss) for the period | 9904 | -€27,510 | -€3,891 | +€23,619 | +85.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,510 | -€3,891 | +€23,619 | +85.9% |
Source: filed annual accounts (NBB), financial years ended 31 October 2023 and 31 October 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.