R2 CONCEPT: 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.
R2 CONCEPT
Largest movements
- Receivables within one year +€81,523
up €81,523 (+163.7%), from €49,809 to €131,332
of which Trade receivables: +€80,390
- Tangible fixed assets +€5,819
up €5,819 (+231.7%), from €2,511 to €8,330
of which Furniture and vehicles: +€6,630
- Cash +€3,537
up €3,537 (+7.1%), from €49,916 to €53,453
mainly Trade debts (+€118,860) and Advances received (+€3,706)
- Trade debts +€118,860
up €118,860 (+746.6%), from €15,920 to €134,780
- Profit (loss) carried forward -€22,927
down €22,927 (-34.3%), from €66,897 to €43,971
- Tax, wage and social debts -€7,541
down €7,541 (-80.8%), from €9,338 to €1,797
of which Taxes: -€4,965
- Advances received +€3,706
new in 2024: €3,706
- Gross operating margin -€27,293
down €27,293, from €10,209 to -€17,084
- Depreciation +€2,349
up €2,349 (+349.3%), from €672 to €3,021
- Taxes -€1,711
down €1,711 (-79.7%), from €2,148 to €437
- Financial charges -€473
down €473 (-39.8%), from €1,189 to €715
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 | €103,122 | €194,254 | +€91,132 | +88.4% |
| Fixed assets | 21/28 | €2,601 | €8,420 | +€5,819 | +223.7% |
| Tangible fixed assets | 22/27 | €2,511 | €8,330 | +€5,819 | +231.7% |
| Plant, machinery and equipment | 23 | €2,511 | €1,700 | -€811 | -32.3% |
| Furniture and vehicles | 24 | - | €6,630 | +€6,630 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €100,521 | €185,834 | +€85,313 | +84.9% |
| Amounts receivable within one year | 40/41 | €49,809 | €131,332 | +€81,523 | +163.7% |
| Trade receivables | 40 | €48,184 | €128,574 | +€80,390 | +166.8% |
| Other amounts receivable | 41 | €1,625 | €2,757 | +€1,133 | +69.7% |
| Cash at bank and in hand | 54/58 | €49,916 | €53,453 | +€3,537 | +7.1% |
| Deferred charges and accrued income | 490/1 | €796 | €1,050 | +€254 | +31.9% |
| Total equity and liabilities | 10/49 | €103,122 | €194,254 | +€91,132 | +88.4% |
| Equity | 10/15 | €76,897 | €53,971 | -€22,927 | -29.8% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €140 | €140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,897 | €43,971 | -€22,927 | -34.3% |
| Amounts payable | 17/49 | €26,225 | €140,284 | +€114,059 | +434.9% |
| Amounts payable within one year | 42/48 | €26,225 | €140,284 | +€114,059 | +434.9% |
| Trade debts | 44 | €15,920 | €134,780 | +€118,860 | +746.6% |
| Suppliers | 440/4 | €15,920 | €134,780 | +€118,860 | +746.6% |
| Advances received on contracts in progress | 46 | - | €3,706 | +€3,706 | |
| Taxes, remuneration and social security | 45 | €9,338 | €1,797 | -€7,541 | -80.8% |
| Taxes | 450/3 | €6,763 | €1,797 | -€4,965 | -73.4% |
| Remuneration and social security | 454/9 | €2,575 | - | -€2,575 | |
| Other amounts payable | 47/48 | €967 | - | -€967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €672 | €3,021 | +€2,349 | +349.3% |
| Other operating charges | 640/8 | €1,727 | €1,697 | -€31 | -1.8% |
| Gross operating margin | 9900 | €10,209 | -€17,084 | -€27,293 | |
| Operating profit (loss) | 9901 | €7,809 | -€21,802 | -€29,611 | |
| Financial income | 75/76B | €88 | €27 | -€62 | -69.6% |
| Recurring financial income | 75 | €88 | €27 | -€62 | -69.6% |
| Financial charges | 65/66B | €1,189 | €715 | -€473 | -39.8% |
| Recurring financial charges | 65 | €1,189 | €715 | -€473 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €6,709 | -€22,490 | -€29,199 | |
| Income taxes | 67/77 | €2,148 | €437 | -€1,711 | -79.7% |
| Profit (loss) for the period | 9904 | €4,561 | -€22,927 | -€27,488 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,561 | -€22,927 | -€27,488 |
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 7 October 2026 via checked.be.