RED: 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.
RED
Largest movements
- Cash +€15,728
up €15,728 (+177%), from €8,904 to €24,631
mainly Net result for the year (+€39,015) and Trade debts (+€791)
- Receivables within one year +€10,902
up €10,902 (+4.3%), from €252,898 to €263,800
- Profit (loss) carried forward +€39,015
up €39,015 (+22.3%), from €174,804 to €213,819
- Tax, wage and social debts -€13,176
down €13,176 (-50.6%), from €26,049 to €12,872
of which Taxes: -€16,295
- Turnover -€51,692
down €51,692 (-17.7%), from €292,168 to €240,477
- Gross operating margin -€44,475
down €44,475 (-40.7%), from €109,194 to €64,719
- Staff costs +€19,585
up €19,585 (+344%), from €5,695 to €25,280
- Taxes -€14,066
down €14,066 (-52.9%), from €26,592 to €12,527
- Purchases and services -€6,947
down €6,947 (-3.8%), from €183,148 to €176,201
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 | €261,801 | €288,431 | +€26,630 | +10.2% |
| Current assets | 29/58 | €261,801 | €288,431 | +€26,630 | +10.2% |
| Amounts receivable within one year | 40/41 | €252,898 | €263,800 | +€10,902 | +4.3% |
| Other amounts receivable | 41 | €252,898 | €263,800 | +€10,902 | +4.3% |
| Cash at bank and in hand | 54/58 | €8,904 | €24,631 | +€15,728 | +177% |
| Total equity and liabilities | 10/49 | €261,801 | €288,431 | +€26,630 | +10.2% |
| Equity | 10/15 | €225,804 | €264,819 | +€39,015 | +17.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,804 | €213,819 | +€39,015 | +22.3% |
| Amounts payable | 17/49 | €35,997 | €23,612 | -€12,385 | -34.4% |
| Amounts payable within one year | 42/48 | €35,997 | €23,612 | -€12,385 | -34.4% |
| Trade debts | 44 | €9,949 | €10,740 | +€791 | +8.0% |
| Suppliers | 440/4 | €9,949 | €10,740 | +€791 | +8.0% |
| Taxes, remuneration and social security | 45 | €26,049 | €12,872 | -€13,176 | -50.6% |
| Taxes | 450/3 | €26,049 | €9,754 | -€16,295 | -62.6% |
| Remuneration and social security | 454/9 | - | €3,119 | +€3,119 | |
| Turnover | 70 | €292,168 | €240,477 | -€51,692 | -17.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €183,148 | €176,201 | -€6,947 | -3.8% |
| Remuneration, social security and pensions | 62 | €5,695 | €25,280 | +€19,585 | +344% |
| Other operating charges | 640/8 | €347 | €1,129 | +€782 | +225% |
| Gross operating margin | 9900 | €109,194 | €64,719 | -€44,475 | -40.7% |
| Operating profit (loss) | 9901 | €103,152 | €38,309 | -€64,843 | -62.9% |
| Financial income | 75/76B | €13,053 | €15,518 | +€2,465 | +18.9% |
| Recurring financial income | 75 | €13,053 | €15,518 | +€2,465 | +18.9% |
| Financial charges | 65/66B | €250 | €2,286 | +€2,036 | +816% |
| Recurring financial charges | 65 | €250 | €2,286 | +€2,036 | +816% |
| Profit (loss) for the period before taxes | 9903 | €115,955 | €51,542 | -€64,414 | -55.6% |
| Income taxes | 67/77 | €26,592 | €12,527 | -€14,066 | -52.9% |
| Profit (loss) for the period | 9904 | €89,363 | €39,015 | -€50,348 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €89,363 | €39,015 | -€50,348 | -56.3% |
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 13 October 2026 via checked.be.