R&R: 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.
R&R
Largest movements
- Receivables within one year +€95,869
up €95,869 (+411%), from €23,349 to €119,218
of which Other amounts receivable: +€81,258
- Intangible fixed assets -€93,000
down €93,000 (-74.7%), from €124,493 to €31,493
- Tangible fixed assets +€9,572
up €9,572 (+618%), from €1,549 to €11,120
of which Furniture and vehicles: +€8,727
- Cash +€9,151
up €9,151 (+3,887%), from €235 to €9,386
- Other debts -€43,495
down €43,495 (-51.9%), from €83,753 to €40,258
- Profit (loss) carried forward +€30,069
up €30,069 (+61.8%), from €48,625 to €78,694
- Debts after one year +€20,523
new in 2024: €20,523
- Trade debts +€17,131
up €17,131 (+1,917%), from €894 to €18,025
- Current portion of long-term debt +€10,017
new in 2024: €10,017
- Gross operating margin -€41,651
down €41,651 (-57.6%), from €72,328 to €30,677
- Taxes -€5,492
down €5,492 (-94.5%), from €5,809 to €317
- Other operating charges +€5,090
up €5,090 (+363%), from €1,400 to €6,491
- Depreciation +€3,042
up €3,042 (+9.8%), from €30,886 to €33,928
- Financial charges +€1,294
up €1,294 (+313%), from €413 to €1,707
From the 2021 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,626 | €171,307 | +€21,680 | +14.5% |
| Fixed assets | 21/28 | €126,042 | €42,614 | -€83,428 | -66.2% |
| Intangible fixed assets | 21 | €124,493 | €31,493 | -€93,000 | -74.7% |
| Tangible fixed assets | 22/27 | €1,549 | €11,120 | +€9,572 | +618% |
| Plant, machinery and equipment | 23 | - | €844 | +€844 | |
| Furniture and vehicles | 24 | €1,549 | €10,276 | +€8,727 | +563% |
| Current assets | 29/58 | €23,584 | €128,693 | +€105,109 | +446% |
| Amounts receivable within one year | 40/41 | €23,349 | €119,218 | +€95,869 | +411% |
| Trade receivables | 40 | - | €14,610 | +€14,610 | |
| Other amounts receivable | 41 | €23,349 | €104,607 | +€81,258 | +348% |
| Cash at bank and in hand | 54/58 | €235 | €9,386 | +€9,151 | +3,887% |
| Deferred charges and accrued income | 490/1 | - | €90 | +€90 | |
| Total equity and liabilities | 10/49 | €149,626 | €171,307 | +€21,680 | +14.5% |
| Equity | 10/15 | €49,625 | €79,694 | +€30,069 | +60.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,625 | €78,694 | +€30,069 | +61.8% |
| Amounts payable | 17/49 | €100,001 | €91,613 | -€8,388 | -8.4% |
| Amounts payable after more than one year | 17 | - | €20,523 | +€20,523 | |
| Financial debts | 170/4 | - | €20,523 | +€20,523 | |
| Amounts payable within one year | 42/48 | €97,401 | €71,090 | -€26,311 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | - | €10,017 | +€10,017 | |
| Trade debts | 44 | €894 | €18,025 | +€17,131 | +1,917% |
| Suppliers | 440/4 | €894 | €18,025 | +€17,131 | +1,917% |
| Taxes, remuneration and social security | 45 | €12,755 | €2,790 | -€9,964 | -78.1% |
| Taxes | 450/3 | €12,755 | €2,790 | -€9,964 | -78.1% |
| Other amounts payable | 47/48 | €83,753 | €40,258 | -€43,495 | -51.9% |
| Accrued charges and deferred income | 492/3 | €2,600 | - | -€2,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,886 | €33,928 | +€3,042 | +9.8% |
| Other operating charges | 640/8 | €1,400 | €6,491 | +€5,090 | +363% |
| Gross operating margin | 9900 | €72,328 | €30,677 | -€41,651 | -57.6% |
| Operating profit (loss) | 9901 | €40,041 | -€9,742 | -€49,783 | |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €413 | €1,707 | +€1,294 | +313% |
| Recurring financial charges | 65 | €413 | €1,707 | +€1,294 | +313% |
| Profit (loss) for the period before taxes | 9903 | €39,628 | -€11,412 | -€51,040 | |
| Income taxes | 67/77 | €5,809 | €317 | -€5,492 | -94.5% |
| Profit (loss) for the period | 9904 | €33,819 | -€11,728 | -€45,547 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,819 | -€11,728 | -€45,547 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.