LOGIC SOLUTION: 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.
LOGIC SOLUTION
Largest movements
- Cash +€12,534
up €12,534 (+36.7%), from €34,124 to €46,658
mainly Net result for the year (+€14,595) and Deferred charges and accrued income (+€4,911)
- Deferred charges and accrued income -€4,911
no longer reported in 2024 (was €4,911)
- Receivables within one year -€2,769
down €2,769 (-10.8%), from €25,717 to €22,948
of which Other amounts receivable: -€14,966
- Tangible fixed assets -€735
down €735 (-31.5%), from €2,331 to €1,596
of which Furniture and vehicles: -€735
- Profit (loss) carried forward +€14,595
up €14,595 (+93.6%), from €15,595 to €30,191
- Other debts -€9,998
down €9,998 (-99.7%), from €10,025 to €26
- Gross operating margin -€11,649
down €11,649 (-26.7%), from €43,630 to €31,981
- Staff costs +€2,075
up €2,075 (+26.4%), from €7,848 to €9,923
- Taxes -€1,523
down €1,523 (-21.0%), from €7,250 to €5,726
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 | €68,666 | €72,785 | +€4,119 | +6.0% |
| Fixed assets | 21/28 | €2,934 | €2,199 | -€735 | -25.1% |
| Tangible fixed assets | 22/27 | €2,331 | €1,596 | -€735 | -31.5% |
| Furniture and vehicles | 24 | €1,929 | €1,194 | -€735 | -38.1% |
| Other tangible fixed assets | 26 | €402 | €402 | = | 0.0% |
| Financial fixed assets | 28 | €603 | €603 | = | 0.0% |
| Current assets | 29/58 | €65,732 | €70,586 | +€4,854 | +7.4% |
| Stocks and contracts in progress | 3 | €980 | €980 | = | 0.0% |
| Stocks | 30/36 | €980 | €980 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,717 | €22,948 | -€2,769 | -10.8% |
| Trade receivables | 40 | - | €12,196 | +€12,196 | |
| Other amounts receivable | 41 | €25,717 | €10,752 | -€14,966 | -58.2% |
| Cash at bank and in hand | 54/58 | €34,124 | €46,658 | +€12,534 | +36.7% |
| Deferred charges and accrued income | 490/1 | €4,911 | - | -€4,911 | |
| Total equity and liabilities | 10/49 | €68,666 | €72,785 | +€4,119 | +6.0% |
| Equity | 10/15 | €34,195 | €48,791 | +€14,595 | +42.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,595 | €30,191 | +€14,595 | +93.6% |
| Amounts payable | 17/49 | €34,471 | €23,994 | -€10,477 | -30.4% |
| Amounts payable within one year | 42/48 | €34,471 | €23,994 | -€10,477 | -30.4% |
| Trade debts | 44 | €7,155 | €6,742 | -€413 | -5.8% |
| Suppliers | 440/4 | €7,155 | €6,742 | -€413 | -5.8% |
| Taxes, remuneration and social security | 45 | €17,291 | €17,225 | -€66 | -0.4% |
| Taxes | 450/3 | €8,616 | €16,340 | +€7,724 | +89.7% |
| Remuneration and social security | 454/9 | €8,675 | €886 | -€7,790 | -89.8% |
| Other amounts payable | 47/48 | €10,025 | €26 | -€9,998 | -99.7% |
| Remuneration, social security and pensions | 62 | €7,848 | €9,923 | +€2,075 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,741 | €1,313 | -€428 | -24.6% |
| Other operating charges | 640/8 | - | €50 | +€50 | |
| Gross operating margin | 9900 | €43,630 | €31,981 | -€11,649 | -26.7% |
| Operating profit (loss) | 9901 | €34,041 | €20,695 | -€13,346 | -39.2% |
| Financial charges | 65/66B | €447 | €373 | -€73 | -16.4% |
| Recurring financial charges | 65 | €447 | €360 | -€87 | -19.5% |
| Non-recurring financial charges | 66B | - | €13 | +€13 | |
| Profit (loss) for the period before taxes | 9903 | €33,594 | €20,322 | -€13,272 | -39.5% |
| Income taxes | 67/77 | €7,250 | €5,726 | -€1,523 | -21.0% |
| Profit (loss) for the period | 9904 | €26,345 | €14,595 | -€11,749 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,345 | €14,595 | -€11,749 | -44.6% |
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 28 September 2026 via checked.be.