RELAX BUBBLES: 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.
RELAX BUBBLES
Largest movements
- Receivables after one year +€150,000
new in 2024: €150,000
- Cash -€86,729
down €86,729 (-81.1%), from €106,913 to €20,184
mainly Receivables after one year (-€150,000) and Receivables within one year (-€28,579)
- Receivables within one year +€28,579
up €28,579 (+207.2%), from €13,794 to €42,373
- Deferred charges and accrued income +€2,897
up €2,897 (+1586.4%), from €183 to €3,079
- Reserves +€78,967
up €78,967 (+128.4%), from €61,513 to €140,480
- Tax, wage and social debts +€13,090
up €13,090 (+29.4%), from €44,534 to €57,624
- Gross operating margin -€49,416
down €49,416 (-29.8%), from €165,651 to €116,236
- Taxes +€3,635
up €3,635 (+10.4%), from €34,855 to €38,490
- Financial income +€3,038
new in 2024: €3,038
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 | €135,078 | €229,854 | +€94,776 | +70.2% |
| Fixed assets | 21/28 | €2,483 | €2,512 | +€29 | +1.2% |
| Tangible fixed assets | 22/27 | €2,483 | €2,512 | +€29 | +1.2% |
| Plant, machinery and equipment | 23 | €1,012 | €1,611 | +€599 | +59.2% |
| Furniture and vehicles | 24 | €1,472 | €902 | -€570 | -38.8% |
| Current assets | 29/58 | €132,595 | €227,341 | +€94,747 | +71.5% |
| Amounts receivable after more than one year | 29 | - | €150,000 | +€150,000 | |
| Other amounts receivable | 291 | - | €150,000 | +€150,000 | |
| Stocks and contracts in progress | 3 | €11,706 | €11,706 | = | 0.0% |
| Stocks | 30/36 | €11,706 | €11,706 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,794 | €42,373 | +€28,579 | +207.2% |
| Trade receivables | 40 | €13,794 | €42,373 | +€28,579 | +207.2% |
| Cash at bank and in hand | 54/58 | €106,913 | €20,184 | -€86,729 | -81.1% |
| Deferred charges and accrued income | 490/1 | €183 | €3,079 | +€2,897 | +1586.4% |
| Total equity and liabilities | 10/49 | €135,078 | €229,854 | +€94,776 | +70.2% |
| Equity | 10/15 | €80,113 | €159,080 | +€78,967 | +98.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,513 | €140,480 | +€78,967 | +128.4% |
| Distributable reserves | 133 | €61,513 | €140,480 | +€78,967 | +128.4% |
| Amounts payable | 17/49 | €54,965 | €70,774 | +€15,809 | +28.8% |
| Amounts payable within one year | 42/48 | €54,965 | €70,774 | +€15,809 | +28.8% |
| Trade debts | 44 | €2,700 | €3,163 | +€463 | +17.1% |
| Suppliers | 440/4 | €2,700 | €3,163 | +€463 | +17.1% |
| Taxes, remuneration and social security | 45 | €44,534 | €57,624 | +€13,090 | +29.4% |
| Taxes | 450/3 | €44,534 | €57,624 | +€13,090 | +29.4% |
| Other amounts payable | 47/48 | €7,731 | €9,987 | +€2,256 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €964 | €971 | +€7 | +0.8% |
| Other operating charges | 640/8 | €2,220 | €771 | -€1,449 | -65.3% |
| Gross operating margin | 9900 | €165,651 | €116,236 | -€49,416 | -29.8% |
| Operating profit (loss) | 9901 | €162,467 | €114,493 | -€47,974 | -29.5% |
| Financial income | 75/76B | - | €3,038 | +€3,038 | |
| Recurring financial income | 75 | - | €3,038 | +€3,038 | |
| Financial charges | 65/66B | €69 | €74 | +€5 | +6.5% |
| Recurring financial charges | 65 | €69 | €74 | +€5 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €162,398 | €117,457 | -€44,941 | -27.7% |
| Income taxes | 67/77 | €34,855 | €38,490 | +€3,635 | +10.4% |
| Profit (loss) for the period | 9904 | €127,543 | €78,967 | -€48,577 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €127,543 | €78,967 | -€48,577 | -38.1% |
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 8 October 2026 via checked.be.