PIPELINE: 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.
PIPELINE
Largest movements
- Cash +€6,968
up €6,968 (+19.5%), from €35,735 to €42,703
mainly Net result for the year (+€7,541) and Depreciation (+€6,861)
- Tangible fixed assets +€2,324
up €2,324 (+22.5%), from €10,340 to €12,665
of which Furniture and vehicles: +€6,124
- Receivables within one year +€2,268
up €2,268 (+55.0%), from €4,121 to €6,389
- Profit (loss) carried forward +€7,541
up €7,541 (+42.6%), from €17,685 to €25,226
- Debts after one year +€4,286
new in 2024: €4,286
- Financial charges +€644
up €644 (+307%), from €209 to €853
- Taxes -€309
down €309 (-11.3%), from €2,728 to €2,419
- Depreciation -€200
down €200 (-2.8%), from €7,061 to €6,861
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 | €50,196 | €61,757 | +€11,561 | +23.0% |
| Fixed assets | 21/28 | €10,340 | €12,665 | +€2,324 | +22.5% |
| Tangible fixed assets | 22/27 | €10,340 | €12,665 | +€2,324 | +22.5% |
| Plant, machinery and equipment | 23 | €10,340 | €6,540 | -€3,800 | -36.7% |
| Furniture and vehicles | 24 | - | €6,124 | +€6,124 | |
| Current assets | 29/58 | €39,856 | €49,093 | +€9,236 | +23.2% |
| Amounts receivable within one year | 40/41 | €4,121 | €6,389 | +€2,268 | +55.0% |
| Trade receivables | 40 | €4,121 | €6,389 | +€2,268 | +55.0% |
| Cash at bank and in hand | 54/58 | €35,735 | €42,703 | +€6,968 | +19.5% |
| Total equity and liabilities | 10/49 | €50,196 | €61,757 | +€11,561 | +23.0% |
| Equity | 10/15 | €37,685 | €45,226 | +€7,541 | +20.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,685 | €25,226 | +€7,541 | +42.6% |
| Amounts payable | 17/49 | €12,511 | €16,531 | +€4,020 | +32.1% |
| Amounts payable after more than one year | 17 | - | €4,286 | +€4,286 | |
| Financial debts | 170/4 | - | €4,286 | +€4,286 | |
| Amounts payable within one year | 42/48 | €12,511 | €12,245 | -€266 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €3,513 | €3,944 | +€431 | +12.3% |
| Trade debts | 44 | €608 | €316 | -€292 | -48.1% |
| Suppliers | 440/4 | €608 | €316 | -€292 | -48.1% |
| Taxes, remuneration and social security | 45 | €7,981 | €7,676 | -€305 | -3.8% |
| Taxes | 450/3 | €7,981 | €7,676 | -€305 | -3.8% |
| Other amounts payable | 47/48 | €410 | €310 | -€100 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,061 | €6,861 | -€200 | -2.8% |
| Other operating charges | 640/8 | €168 | €307 | +€140 | +83.1% |
| Gross operating margin | 9900 | €17,992 | €17,982 | -€10 | -0.1% |
| Operating profit (loss) | 9901 | €10,763 | €10,813 | +€50 | +0.5% |
| Financial charges | 65/66B | €209 | €853 | +€644 | +307% |
| Recurring financial charges | 65 | €209 | €853 | +€644 | +307% |
| Profit (loss) for the period before taxes | 9903 | €10,554 | €9,960 | -€594 | -5.6% |
| Income taxes | 67/77 | €2,728 | €2,419 | -€309 | -11.3% |
| Profit (loss) for the period | 9904 | €7,826 | €7,541 | -€285 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,826 | €7,541 | -€285 | -3.6% |
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 28 October 2026 via checked.be.