Resistance: 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.
Resistance
Largest movements
- Receivables within one year +€128,575
up €128,575 (+245%), from €52,490 to €181,064
of which Trade receivables: +€74,075
- Tangible fixed assets +€9,420
up €9,420 (+57.1%), from €16,509 to €25,930
of which Furniture and vehicles: +€13,112
- Cash -€2,718
down €2,718 (-7.1%), from €38,527 to €35,809
mainly Receivables within one year (-€128,575) and Investment in fixed assets (net) (-€15,313)
- Trade debts +€84,841
up €84,841 (+283%), from €30,000 to €114,841
- Tax, wage and social debts +€31,628
up €31,628 (+736%), from €4,296 to €35,924
of which Remuneration and social security: +€25,008
- Profit (loss) carried forward +€17,366
up €17,366 (+27.1%), from €64,083 to €81,450
- Gross operating margin -€20,721
down €20,721 (-32.4%), from €63,866 to €43,146
- Staff costs +€13,863
up €13,863 (+1,010%), from €1,372 to €15,236
- Depreciation +€3,033
up €3,033 (+106%), from €2,860 to €5,893
- Other operating charges +€1,463
up €1,463 (+88.5%), from €1,653 to €3,117
- Financial charges +€843
up €843 (+298%), from €283 to €1,126
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 | €107,526 | €242,803 | +€135,277 | +126% |
| Fixed assets | 21/28 | €16,509 | €25,930 | +€9,420 | +57.1% |
| Tangible fixed assets | 22/27 | €16,509 | €25,930 | +€9,420 | +57.1% |
| Plant, machinery and equipment | 23 | €16,509 | €12,817 | -€3,692 | -22.4% |
| Furniture and vehicles | 24 | - | €13,112 | +€13,112 | |
| Current assets | 29/58 | €91,017 | €216,873 | +€125,857 | +138% |
| Amounts receivable within one year | 40/41 | €52,490 | €181,064 | +€128,575 | +245% |
| Trade receivables | 40 | €51,676 | €125,751 | +€74,075 | +143% |
| Other amounts receivable | 41 | €814 | €55,314 | +€54,500 | +6,695% |
| Cash at bank and in hand | 54/58 | €38,527 | €35,809 | -€2,718 | -7.1% |
| Total equity and liabilities | 10/49 | €107,526 | €242,803 | +€135,277 | +126% |
| Equity | 10/15 | €73,230 | €90,596 | +€17,366 | +23.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,147 | €4,147 | = | 0.0% |
| Distributable reserves | 133 | €4,147 | €4,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,083 | €81,450 | +€17,366 | +27.1% |
| Amounts payable | 17/49 | €34,296 | €152,207 | +€117,910 | +344% |
| Amounts payable within one year | 42/48 | €34,296 | €152,207 | +€117,910 | +344% |
| Current portion of amounts payable after more than one year | 42 | - | €1,441 | +€1,441 | |
| Trade debts | 44 | €30,000 | €114,841 | +€84,841 | +283% |
| Suppliers | 440/4 | €30,000 | €114,841 | +€84,841 | +283% |
| Taxes, remuneration and social security | 45 | €4,296 | €35,924 | +€31,628 | +736% |
| Taxes | 450/3 | €4,200 | €10,820 | +€6,620 | +158% |
| Remuneration and social security | 454/9 | €96 | €25,104 | +€25,008 | +25,950% |
| Remuneration, social security and pensions | 62 | €1,372 | €15,236 | +€13,863 | +1,010% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,860 | €5,893 | +€3,033 | +106% |
| Other operating charges | 640/8 | €1,653 | €3,117 | +€1,463 | +88.5% |
| Gross operating margin | 9900 | €63,866 | €43,146 | -€20,721 | -32.4% |
| Operating profit (loss) | 9901 | €57,981 | €18,901 | -€39,081 | -67.4% |
| Financial income | 75/76B | €95 | €0 | -€95 | -100.0% |
| Recurring financial income | 75 | €95 | €0 | -€95 | -100.0% |
| Financial charges | 65/66B | €283 | €1,126 | +€843 | +298% |
| Recurring financial charges | 65 | €283 | €1,126 | +€843 | +298% |
| Profit (loss) for the period before taxes | 9903 | €57,793 | €17,775 | -€40,018 | -69.2% |
| Income taxes | 67/77 | - | €409 | +€409 | |
| Profit (loss) for the period | 9904 | €57,793 | €17,366 | -€40,427 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,793 | €17,366 | -€40,427 | -70.0% |
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 22 October 2026 via checked.be.