Margaretha's: 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.
Margaretha's
Largest movements
- Receivables within one year +€219,754
up €219,754 (+311%), from €70,598 to €290,352
of which Other amounts receivable: +€252,756
- Tangible fixed assets -€47,122
down €47,122 (-22.4%), from €210,192 to €163,070
- Cash +€33,756
up €33,756 (+51.1%), from €66,005 to €99,762
mainly Accrued charges and deferred income (+€129,813) and Tax, wage and social debts (+€83,842)
- Stocks and contracts -€30,000
down €30,000 (-30.2%), from €99,458 to €69,458
- Accrued charges and deferred income +€129,813
new in 2024: €129,813
- Trade debts -€108,344
down €108,344 (-99.5%), from €108,835 to €492
- Tax, wage and social debts +€83,842
up €83,842 (+181%), from €46,342 to €130,184
of which Taxes: +€77,901
- Reserves +€43,426
up €43,426 (+14.4%), from €300,739 to €344,165
- Other debts +€19,101
up €19,101 (+257%), from €7,421 to €26,522
- Staff costs -€118,554
down €118,554 (-20.3%), from €583,911 to €465,357
- Gross operating margin -€56,115
down €56,115 (-8.7%), from €642,482 to €586,367
- Taxes +€15,679
up €15,679 (+3,758%), from €417 to €16,096
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 | €468,337 | €637,505 | +€169,168 | +36.1% |
| Fixed assets | 21/28 | €230,055 | €177,933 | -€52,122 | -22.7% |
| Intangible fixed assets | 21 | €7,863 | €2,863 | -€5,000 | -63.6% |
| Tangible fixed assets | 22/27 | €210,192 | €163,070 | -€47,122 | -22.4% |
| Plant, machinery and equipment | 23 | €53,666 | €32,207 | -€21,459 | -40.0% |
| Furniture and vehicles | 24 | €59,102 | €44,968 | -€14,135 | -23.9% |
| Other tangible fixed assets | 26 | €97,423 | €85,895 | -€11,529 | -11.8% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €238,282 | €459,572 | +€221,290 | +92.9% |
| Stocks and contracts in progress | 3 | €99,458 | €69,458 | -€30,000 | -30.2% |
| Stocks | 30/36 | €99,458 | €69,458 | -€30,000 | -30.2% |
| Amounts receivable within one year | 40/41 | €70,598 | €290,352 | +€219,754 | +311% |
| Trade receivables | 40 | €37,720 | €4,719 | -€33,001 | -87.5% |
| Other amounts receivable | 41 | €32,878 | €285,634 | +€252,756 | +769% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €66,005 | €99,762 | +€33,756 | +51.1% |
| Deferred charges and accrued income | 490/1 | €2,220 | €0 | -€2,220 | -100% |
| Total equity and liabilities | 10/49 | €468,337 | €637,505 | +€169,168 | +36.1% |
| Equity | 10/15 | €305,739 | €349,165 | +€43,426 | +14.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €300,739 | €344,165 | +€43,426 | +14.4% |
| Distributable reserves | 133 | €300,739 | €344,165 | +€43,426 | +14.4% |
| Amounts payable | 17/49 | €162,598 | €288,340 | +€125,742 | +77.3% |
| Amounts payable within one year | 42/48 | €162,598 | €158,527 | -€4,072 | -2.5% |
| Trade debts | 44 | €108,835 | €492 | -€108,344 | -99.5% |
| Suppliers | 440/4 | €108,835 | €492 | -€108,344 | -99.5% |
| Advances received on contracts in progress | 46 | - | €1,330 | +€1,330 | |
| Taxes, remuneration and social security | 45 | €46,342 | €130,184 | +€83,842 | +181% |
| Taxes | 450/3 | €2,438 | €80,338 | +€77,901 | +3,196% |
| Remuneration and social security | 454/9 | €43,904 | €49,846 | +€5,941 | +13.5% |
| Other amounts payable | 47/48 | €7,421 | €26,522 | +€19,101 | +257% |
| Accrued charges and deferred income | 492/3 | - | €129,813 | +€129,813 | |
| Non-recurring operating income | 76A | - | €4,535 | +€4,535 | |
| Remuneration, social security and pensions | 62 | €583,911 | €465,357 | -€118,554 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,558 | €60,115 | +€5,557 | +10.2% |
| Other operating charges | 640/8 | €8,047 | €3,047 | -€5,000 | -62.1% |
| Gross operating margin | 9900 | €642,482 | €586,367 | -€56,115 | -8.7% |
| Operating profit (loss) | 9901 | -€4,034 | €57,848 | +€61,881 | |
| Financial income | 75/76B | €3,247 | €5,092 | +€1,845 | +56.8% |
| Recurring financial income | 75 | €3,247 | €4,535 | +€1,288 | +39.7% |
| Non-recurring financial income | 76B | - | €557 | +€557 | |
| Financial charges | 65/66B | €4,097 | €3,418 | -€680 | -16.6% |
| Recurring financial charges | 65 | €4,097 | €3,418 | -€680 | -16.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€4,883 | €59,523 | +€64,406 | |
| Income taxes | 67/77 | €417 | €16,096 | +€15,679 | +3,758% |
| Profit (loss) for the period | 9904 | -€5,301 | €43,426 | +€48,727 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,301 | €43,426 | +€48,727 |
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 26 October 2026 via checked.be.