NICOLAS PONTHIEU: 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.
NICOLAS PONTHIEU
Largest movements
- Receivables within one year +€70,192
up €70,192 (+596%), from €11,771 to €81,963
of which Other amounts receivable: +€43,579
- Intangible fixed assets -€24,957
down €24,957 (-40.9%), from €61,062 to €36,104
- Cash +€19,961
up €19,961 (+76.5%), from €26,084 to €46,045
mainly Other debts (+€46,064) and Net result for the year (+€36,337)
- Other debts +€46,064
up €46,064 (+172%), from €26,753 to €72,817
- Profit (loss) carried forward +€26,088
up €26,088 (+46.8%), from €55,752 to €81,840
- Trade debts -€6,956
down €6,956 (-49.2%), from €14,150 to €7,194
- Gross operating margin +€12,031
up €12,031 (+30.3%), from €39,763 to €51,794
- Depreciation +€2,623
up €2,623 (+204%), from €1,284 to €3,907
- Taxes +€1,639
up €1,639 (+18.2%), from €9,000 to €10,639
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 | €99,655 | €164,851 | +€65,196 | +65.4% |
| Fixed assets | 21/28 | €61,800 | €36,842 | -€24,957 | -40.4% |
| Intangible fixed assets | 21 | €61,062 | €36,104 | -€24,957 | -40.9% |
| Financial fixed assets | 28 | €738 | €738 | = | 0.0% |
| Current assets | 29/58 | €37,855 | €128,009 | +€90,153 | +238% |
| Amounts receivable within one year | 40/41 | €11,771 | €81,963 | +€70,192 | +596% |
| Trade receivables | 40 | - | €26,613 | +€26,613 | |
| Other amounts receivable | 41 | €11,771 | €55,350 | +€43,579 | +370% |
| Cash at bank and in hand | 54/58 | €26,084 | €46,045 | +€19,961 | +76.5% |
| Total equity and liabilities | 10/49 | €99,655 | €164,851 | +€65,196 | +65.4% |
| Equity | 10/15 | €58,752 | €84,840 | +€26,088 | +44.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,752 | €81,840 | +€26,088 | +46.8% |
| Amounts payable | 17/49 | €40,903 | €80,011 | +€39,108 | +95.6% |
| Amounts payable within one year | 42/48 | €40,903 | €80,011 | +€39,108 | +95.6% |
| Trade debts | 44 | €14,150 | €7,194 | -€6,956 | -49.2% |
| Suppliers | 440/4 | €14,150 | €7,194 | -€6,956 | -49.2% |
| Other amounts payable | 47/48 | €26,753 | €72,817 | +€46,064 | +172% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,284 | €3,907 | +€2,623 | +204% |
| Other operating charges | 640/8 | €643 | €730 | +€87 | +13.6% |
| Gross operating margin | 9900 | €39,763 | €51,794 | +€12,031 | +30.3% |
| Operating profit (loss) | 9901 | €37,836 | €47,156 | +€9,320 | +24.6% |
| Financial charges | 65/66B | €118 | €180 | +€62 | +52.0% |
| Recurring financial charges | 65 | €118 | €180 | +€62 | +52.0% |
| Profit (loss) for the period before taxes | 9903 | €37,718 | €46,976 | +€9,258 | +24.5% |
| Income taxes | 67/77 | €9,000 | €10,639 | +€1,639 | +18.2% |
| Profit (loss) for the period | 9904 | €28,718 | €36,337 | +€7,619 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,718 | €36,337 | +€7,619 | +26.5% |
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 18 October 2026 via checked.be.