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Refresh Now: 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.

What changed

Refresh Now

BE 0779.510.113
NACE 85.592, Vocational training
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€21,712
2023 · €19,323+€2,389
Equity
€60,274
2023 · €38,562+€21,712
Cash
€59,094
2023 · €36,345+€22,749
Balance sheet total
€76,278
2023 · €54,975+€21,303

Largest movements

2023 to 2024
Assets
  • Cash +€22,749

    up €22,749 (+62.6%), from €36,345 to €59,094

    mainly Net result for the year (+€21,712) and Depreciation (+€1,932)

  • Receivables within one year -€1,299

    down €1,299 (-10.0%), from €12,988 to €11,689

  • Deferred charges and accrued income -€1,273

    down €1,273 (-88.5%), from €1,439 to €166

  • Tangible fixed assets +€1,126

    up €1,126 (+26.8%), from €4,203 to €5,330

    of which Furniture and vehicles: +€567

Equity and liabilities
  • Profit (loss) carried forward +€21,712

    up €21,712 (+59.4%), from €36,562 to €58,274

  • Trade debts -€904

    down €904 (-91.8%), from €985 to €81

Income statement
  • Gross operating margin +€4,947

    up €4,947 (+19.2%), from €25,816 to €30,763

  • Depreciation +€1,324

    up €1,324 (+217.8%), from €608 to €1,932

  • Taxes +€832

    up €832 (+15.2%), from €5,464 to €6,295

  • Other operating charges +€411

    up €411 (+97.5%), from €422 to €833

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €19,323
Gross operating margin +€4,947
Depreciation -€1,324
Other operating charges -€411
Financial income +€172
Financial charges -€162
Taxes -€832
Result 2024 €21,712

Cash bridge derived

cash 2023 to 2024

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.

From operations +€25,808
Investment -€3,059
Financing €0
Cash 2023 €36,345
Net result for the year +€21,712
Depreciation +€1,932
Receivables within one year +€1,299
Deferred charges and accrued income +€1,273
Trade debts -€904
Tax, wage and social debts +€495
Investment in fixed assets (net) -€3,059
Cash 2024 €59,094
Every line side by side 32 lines
Line Code 2023 2024 Change %
Total assets 20/58 €54,975 €76,278 +€21,303 +38.7%
Fixed assets 21/28 €4,203 €5,330 +€1,126 +26.8%
Tangible fixed assets 22/27 €4,203 €5,330 +€1,126 +26.8%
Plant, machinery and equipment 23 €3,292 €3,851 +€559 +17.0%
Furniture and vehicles 24 €911 €1,479 +€567 +62.2%
Current assets 29/58 €50,772 €70,949 +€20,177 +39.7%
Amounts receivable within one year 40/41 €12,988 €11,689 -€1,299 -10.0%
Trade receivables 40 €12,988 €11,689 -€1,299 -10.0%
Cash at bank and in hand 54/58 €36,345 €59,094 +€22,749 +62.6%
Deferred charges and accrued income 490/1 €1,439 €166 -€1,273 -88.5%
Total equity and liabilities 10/49 €54,975 €76,278 +€21,303 +38.7%
Equity 10/15 €38,562 €60,274 +€21,712 +56.3%
Contributions 10/11 €2,000 €2,000 = 0.0%
Profit (loss) carried forward 14 €36,562 €58,274 +€21,712 +59.4%
Amounts payable 17/49 €16,413 €16,004 -€409 -2.5%
Amounts payable within one year 42/48 €16,413 €16,004 -€409 -2.5%
Trade debts 44 €985 €81 -€904 -91.8%
Suppliers 440/4 €985 €81 -€904 -91.8%
Taxes, remuneration and social security 45 €15,428 €15,924 +€495 +3.2%
Taxes 450/3 €15,428 €15,924 +€495 +3.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €608 €1,932 +€1,324 +217.8%
Other operating charges 640/8 €422 €833 +€411 +97.5%
Gross operating margin 9900 €25,816 €30,763 +€4,947 +19.2%
Operating profit (loss) 9901 €24,787 €27,998 +€3,211 +13.0%
Financial income 75/76B - €172 +€172
Recurring financial income 75 - €172 +€172
Financial charges 65/66B €0 €162 +€162 +108173.3%
Recurring financial charges 65 €0 €162 +€162 +108173.3%
Profit (loss) for the period before taxes 9903 €24,787 €28,007 +€3,221 +13.0%
Income taxes 67/77 €5,464 €6,295 +€832 +15.2%
Profit (loss) for the period 9904 €19,323 €21,712 +€2,389 +12.4%
Profit (loss) for the period to be appropriated 9905 €19,323 €21,712 +€2,389 +12.4%

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.