Plus One: 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.
Plus One
Largest movements
- Receivables within one year -€71,017
down €71,017 (-50.5%), from €140,524 to €69,507
of which Trade receivables: -€75,080
- Intangible fixed assets +€37,904
up €37,904 (+1131.6%), from €3,350 to €41,254
- Cash -€29,528
down €29,528 (-45.1%), from €65,523 to €35,995
mainly Net result for the year (-€48,927) and Investment in fixed assets (net) (-€40,553)
- Tangible fixed assets -€6,927
down €6,927 (-37.1%), from €18,676 to €11,749
- Deferred charges and accrued income -€3,606
down €3,606 (-49.7%), from €7,257 to €3,652
- Profit (loss) carried forward -€48,927
down €48,927, from €3,920 to -€45,007
- Trade debts -€26,397
down €26,397 (-49.5%), from €53,364 to €26,967
- Tax, wage and social debts -€7,551
down €7,551 (-16.7%), from €45,279 to €37,727
of which Taxes: -€9,001
- Other debts +€5,273
new in 2024: €5,273
- Current portion of long-term debt +€5,263
up €5,263 (+38.7%), from €13,616 to €18,879
- Gross operating margin -€51,459
down €51,459 (-23.7%), from €216,903 to €165,444
- Staff costs +€7,222
up €7,222 (+3.9%), from €183,958 to €191,180
- Taxes -€7,021
down €7,021 (-95.6%), from €7,346 to €326
- Write-downs -€4,500
down €4,500 (-100.0%), from €4,500 to €0
- Depreciation +€2,663
up €2,663 (+38.5%), from €6,913 to €9,576
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 | €237,830 | €164,656 | -€73,174 | -30.8% |
| Fixed assets | 21/28 | €24,525 | €55,503 | +€30,977 | +126.3% |
| Intangible fixed assets | 21 | €3,350 | €41,254 | +€37,904 | +1131.6% |
| Tangible fixed assets | 22/27 | €18,676 | €11,749 | -€6,927 | -37.1% |
| Furniture and vehicles | 24 | €18,676 | €11,749 | -€6,927 | -37.1% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €213,305 | €109,153 | -€104,151 | -48.8% |
| Amounts receivable within one year | 40/41 | €140,524 | €69,507 | -€71,017 | -50.5% |
| Trade receivables | 40 | €128,747 | €53,667 | -€75,080 | -58.3% |
| Other amounts receivable | 41 | €11,777 | €15,840 | +€4,063 | +34.5% |
| Cash at bank and in hand | 54/58 | €65,523 | €35,995 | -€29,528 | -45.1% |
| Deferred charges and accrued income | 490/1 | €7,257 | €3,652 | -€3,606 | -49.7% |
| Total equity and liabilities | 10/49 | €237,830 | €164,656 | -€73,174 | -30.8% |
| Equity | 10/15 | €79,920 | €30,993 | -€48,927 | -61.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,920 | -€45,007 | -€48,927 | |
| Amounts payable | 17/49 | €157,910 | €133,663 | -€24,247 | -15.4% |
| Amounts payable after more than one year | 17 | €45,652 | €44,792 | -€859 | -1.9% |
| Financial debts | 170/4 | €45,652 | €44,792 | -€859 | -1.9% |
| Amounts payable within one year | 42/48 | €112,258 | €88,846 | -€23,412 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €13,616 | €18,879 | +€5,263 | +38.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €53,364 | €26,967 | -€26,397 | -49.5% |
| Suppliers | 440/4 | €53,364 | €26,967 | -€26,397 | -49.5% |
| Taxes, remuneration and social security | 45 | €45,279 | €37,727 | -€7,551 | -16.7% |
| Taxes | 450/3 | €25,882 | €16,882 | -€9,001 | -34.8% |
| Remuneration and social security | 454/9 | €19,396 | €20,846 | +€1,450 | +7.5% |
| Other amounts payable | 47/48 | - | €5,273 | +€5,273 | |
| Accrued charges and deferred income | 492/3 | €0 | €24 | +€24 | |
| Remuneration, social security and pensions | 62 | €183,958 | €191,180 | +€7,222 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,913 | €9,576 | +€2,663 | +38.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,500 | €0 | -€4,500 | -100.0% |
| Other operating charges | 640/8 | €4,470 | €6,379 | +€1,910 | +42.7% |
| Gross operating margin | 9900 | €216,903 | €165,444 | -€51,459 | -23.7% |
| Operating profit (loss) | 9901 | €17,062 | -€41,691 | -€58,753 | |
| Financial income | 75/76B | €416 | €703 | +€287 | +68.8% |
| Recurring financial income | 75 | €416 | €703 | +€287 | +68.8% |
| Financial charges | 65/66B | €5,061 | €7,613 | +€2,552 | +50.4% |
| Recurring financial charges | 65 | €5,061 | €7,613 | +€2,552 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €12,417 | -€48,601 | -€61,018 | |
| Income taxes | 67/77 | €7,346 | €326 | -€7,021 | -95.6% |
| Profit (loss) for the period | 9904 | €5,070 | -€48,927 | -€53,997 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,070 | -€48,927 | -€53,997 |
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 29 September 2026 via checked.be.