PULSE & LINK: 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.
PULSE & LINK
Largest movements
- Cash +€36,028
up €36,028 (+63.9%), from €56,344 to €92,372
mainly Net result for the year (+€59,170) and Depreciation (+€13,847)
- Receivables within one year +€15,387
up €15,387 (+91.0%), from €16,908 to €32,295
of which Other amounts receivable: +€8,546
- Tangible fixed assets +€8,584
up €8,584 (+23.1%), from €37,114 to €45,698
of which Other tangible fixed assets: +€13,534
- Profit (loss) carried forward +€59,170
up €59,170 (+65.4%), from €90,469 to €149,639
- Tax, wage and social debts +€4,530
up €4,530 (+34.2%), from €13,228 to €17,757
- Other debts -€2,042
down €2,042 (-100.0%), from €2,042 to €0
- Gross operating margin +€8,149
up €8,149 (+9.7%), from €83,975 to €92,124
- Depreciation +€2,292
up €2,292 (+19.8%), from €11,555 to €13,847
- Taxes +€1,797
up €1,797 (+10.8%), from €16,707 to €18,503
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 | €112,989 | €173,207 | +€60,218 | +53.3% |
| Fixed assets | 21/28 | €37,114 | €45,698 | +€8,584 | +23.1% |
| Tangible fixed assets | 22/27 | €37,114 | €45,698 | +€8,584 | +23.1% |
| Plant, machinery and equipment | 23 | - | €3,199 | +€3,199 | |
| Furniture and vehicles | 24 | €33,059 | €24,910 | -€8,150 | -24.7% |
| Other tangible fixed assets | 26 | €4,055 | €17,589 | +€13,534 | +333.8% |
| Current assets | 29/58 | €75,875 | €127,509 | +€51,634 | +68.1% |
| Amounts receivable within one year | 40/41 | €16,908 | €32,295 | +€15,387 | +91.0% |
| Trade receivables | 40 | €16,908 | €23,749 | +€6,841 | +40.5% |
| Other amounts receivable | 41 | €0 | €8,546 | +€8,546 | |
| Cash at bank and in hand | 54/58 | €56,344 | €92,372 | +€36,028 | +63.9% |
| Deferred charges and accrued income | 490/1 | €2,623 | €2,842 | +€219 | +8.4% |
| Total equity and liabilities | 10/49 | €112,989 | €173,207 | +€60,218 | +53.3% |
| Equity | 10/15 | €92,969 | €152,139 | +€59,170 | +63.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,469 | €149,639 | +€59,170 | +65.4% |
| Amounts payable | 17/49 | €20,020 | €21,068 | +€1,048 | +5.2% |
| Amounts payable within one year | 42/48 | €19,020 | €20,002 | +€982 | +5.2% |
| Trade debts | 44 | €3,750 | €2,244 | -€1,506 | -40.2% |
| Suppliers | 440/4 | €3,750 | €2,244 | -€1,506 | -40.2% |
| Taxes, remuneration and social security | 45 | €13,228 | €17,757 | +€4,530 | +34.2% |
| Taxes | 450/3 | €13,228 | €17,757 | +€4,530 | +34.2% |
| Other amounts payable | 47/48 | €2,042 | €0 | -€2,042 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,066 | +€66 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,555 | €13,847 | +€2,292 | +19.8% |
| Other operating charges | 640/8 | €395 | €704 | +€310 | +78.4% |
| Gross operating margin | 9900 | €83,975 | €92,124 | +€8,149 | +9.7% |
| Operating profit (loss) | 9901 | €72,026 | €77,573 | +€5,547 | +7.7% |
| Financial income | 75/76B | €125 | €267 | +€142 | +113.3% |
| Recurring financial income | 75 | €125 | €267 | +€142 | +113.3% |
| Financial charges | 65/66B | €140 | €167 | +€27 | +19.2% |
| Recurring financial charges | 65 | €140 | €167 | +€27 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €72,011 | €77,673 | +€5,662 | +7.9% |
| Income taxes | 67/77 | €16,707 | €18,503 | +€1,797 | +10.8% |
| Profit (loss) for the period | 9904 | €55,304 | €59,170 | +€3,865 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,304 | €59,170 | +€3,865 | +7.0% |
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 30 September 2026 via checked.be.