RED START LINE: 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 START LINE
Largest movements
- Intangible fixed assets +€8,174
up €8,174 (+79.0%), from €10,343 to €18,517
- Receivables within one year +€5,320
up €5,320 (+25.5%), from €20,834 to €26,154
of which Trade receivables: +€7,677
- Cash +€5,021
up €5,021 (+93.1%), from €5,393 to €10,414
mainly Net result for the year (+€11,828) and Trade debts (+€6,635)
- Tangible fixed assets -€2,376
down €2,376 (-39.1%), from €6,069 to €3,693
of which Furniture and vehicles: -€1,325
- Deferred charges and accrued income +€1,165
up €1,165 (+670%), from €174 to €1,339
- Profit (loss) carried forward +€11,828
up €11,828 (+35.9%), from €32,977 to €44,805
- Trade debts +€6,635
up €6,635 (+118%), from €5,641 to €12,276
- Turnover -€22,990
down €22,990 (-16.0%), from €143,987 to €120,997
- Gross operating margin -€10,680
down €10,680 (-37.9%), from €28,144 to €17,464
- Taxes +€7,350
up €7,350, from -€4,395 to €2,955
- Depreciation +€2,541
new in 2024: €2,541
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 | €44,412 | €62,725 | +€18,313 | +41.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €17,162 | €23,968 | +€6,806 | +39.7% |
| Intangible fixed assets | 21 | €10,343 | €18,517 | +€8,174 | +79.0% |
| Tangible fixed assets | 22/27 | €6,069 | €3,693 | -€2,376 | -39.1% |
| Plant, machinery and equipment | 23 | €2,091 | €1,041 | -€1,050 | -50.2% |
| Furniture and vehicles | 24 | €3,977 | €2,652 | -€1,325 | -33.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €750 | €1,758 | +€1,008 | +134% |
| Current assets | 29/58 | €27,250 | €38,757 | +€11,507 | +42.2% |
| Stocks and contracts in progress | 3 | €850 | €850 | = | 0.0% |
| Stocks | 30/36 | €850 | €850 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,834 | €26,154 | +€5,320 | +25.5% |
| Trade receivables | 40 | €14,061 | €21,738 | +€7,677 | +54.6% |
| Other amounts receivable | 41 | €6,772 | €4,416 | -€2,356 | -34.8% |
| Cash at bank and in hand | 54/58 | €5,393 | €10,414 | +€5,021 | +93.1% |
| Deferred charges and accrued income | 490/1 | €174 | €1,339 | +€1,165 | +670% |
| Total equity and liabilities | 10/49 | €44,412 | €62,725 | +€18,313 | +41.2% |
| Equity | 10/15 | €34,377 | €46,205 | +€11,828 | +34.4% |
| Contributions | 10/11 | €1,400 | €1,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,977 | €44,805 | +€11,828 | +35.9% |
| Amounts payable | 17/49 | €10,035 | €16,520 | +€6,485 | +64.6% |
| Amounts payable within one year | 42/48 | €10,035 | €16,520 | +€6,485 | +64.6% |
| Trade debts | 44 | €5,641 | €12,276 | +€6,635 | +118% |
| Suppliers | 440/4 | €5,641 | €12,276 | +€6,635 | +118% |
| Taxes, remuneration and social security | 45 | €4,395 | €4,244 | -€151 | -3.4% |
| Taxes | 450/3 | €4,395 | €4,244 | -€151 | -3.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | €143,987 | €120,997 | -€22,990 | -16.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€367 | - | +€367 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,541 | +€2,541 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €28,144 | €17,464 | -€10,680 | -37.9% |
| Operating profit (loss) | 9901 | €28,511 | €14,923 | -€13,588 | -47.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | -€71 | €140 | +€211 | |
| Recurring financial charges | 65 | -€71 | €140 | +€211 | |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €28,583 | €14,783 | -€13,800 | -48.3% |
| Income taxes | 67/77 | -€4,395 | €2,955 | +€7,350 | |
| Profit (loss) for the period | 9904 | €32,977 | €11,828 | -€21,149 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,977 | €11,828 | -€21,149 | -64.1% |
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.