ROB HENDRIX: 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.
ROB HENDRIX
Largest movements
- Receivables within one year +€919,649
up €919,649 (+138.4%), from €664,253 to €1.6m
of which Trade receivables: +€700,466
- Cash +€44,597
up €44,597 (+54.9%), from €81,196 to €125,793
mainly Trade debts (+€691,994) and Debts after one year (+€215,000)
- Tangible fixed assets +€28,583
up €28,583 (+553.2%), from €5,167 to €33,750
of which Plant, machinery and equipment: +€32,490
- Stocks and contracts +€23,885
up €23,885 (+8.1%), from €294,115 to €318,000
- Trade debts +€691,994
up €691,994 (+111.0%), from €623,186 to €1.3m
- Debts after one year +€215,000
new in 2024: €215,000
- Profit (loss) carried forward +€92,788
up €92,788 (+69.2%), from €134,021 to €226,809
- Tax, wage and social debts +€46,632
up €46,632 (+240.0%), from €19,432 to €66,064
of which Taxes: +€31,550
- Other debts -€29,700
down €29,700 (-12.1%), from €244,992 to €215,292
- Purchases and services -€13.4m
no longer reported in 2024 (was €13.4m)
- Turnover +€777,704
up €777,704 (+5.8%), from €13.5m to €14.2m
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 | €1,044,731 | €2,061,445 | +€1.0m | +97.3% |
| Fixed assets | 21/28 | €5,167 | €33,750 | +€28,583 | +553.2% |
| Tangible fixed assets | 22/27 | €5,167 | €33,750 | +€28,583 | +553.2% |
| Plant, machinery and equipment | 23 | €1,260 | €33,750 | +€32,490 | +2578.6% |
| Furniture and vehicles | 24 | €3,907 | €0 | -€3,907 | -100.0% |
| Current assets | 29/58 | €1,039,564 | €2,027,695 | +€988,131 | +95.1% |
| Stocks and contracts in progress | 3 | €294,115 | €318,000 | +€23,885 | +8.1% |
| Stocks | 30/36 | €294,115 | €318,000 | +€23,885 | +8.1% |
| Amounts receivable within one year | 40/41 | €664,253 | €1,583,902 | +€919,649 | +138.4% |
| Trade receivables | 40 | €571,288 | €1,271,754 | +€700,466 | +122.6% |
| Other amounts receivable | 41 | €92,965 | €312,148 | +€219,183 | +235.8% |
| Cash at bank and in hand | 54/58 | €81,196 | €125,793 | +€44,597 | +54.9% |
| Total equity and liabilities | 10/49 | €1,044,731 | €2,061,445 | +€1.0m | +97.3% |
| Equity | 10/15 | €157,121 | €249,909 | +€92,788 | +59.1% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €2,100 | €2,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,021 | €226,809 | +€92,788 | +69.2% |
| Amounts payable | 17/49 | €887,610 | €1,811,536 | +€923,926 | +104.1% |
| Amounts payable after more than one year | 17 | - | €215,000 | +€215,000 | |
| Financial debts | 170/4 | - | €215,000 | +€215,000 | |
| Amounts payable within one year | 42/48 | €887,610 | €1,596,536 | +€708,926 | +79.9% |
| Trade debts | 44 | €623,186 | €1,315,180 | +€691,994 | +111.0% |
| Suppliers | 440/4 | €623,186 | €1,315,180 | +€691,994 | +111.0% |
| Taxes, remuneration and social security | 45 | €19,432 | €66,064 | +€46,632 | +240.0% |
| Taxes | 450/3 | €15,344 | €46,894 | +€31,550 | +205.6% |
| Remuneration and social security | 454/9 | €4,088 | €19,170 | +€15,082 | +368.9% |
| Other amounts payable | 47/48 | €244,992 | €215,292 | -€29,700 | -12.1% |
| Turnover | 70 | €13,463,144 | €14,240,848 | +€777,704 | +5.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,377,819 | - | -€13.4m | |
| Remuneration, social security and pensions | 62 | €17,085 | €72,014 | +€54,929 | +321.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,980 | €16,417 | -€6,563 | -28.6% |
| Other operating charges | 640/8 | €1,496 | €2,576 | +€1,080 | +72.2% |
| Gross operating margin | 9900 | €95,480 | €216,399 | +€120,919 | +126.6% |
| Operating profit (loss) | 9901 | €53,919 | €125,392 | +€71,473 | +132.6% |
| Financial charges | 65/66B | €821 | -€289 | -€1,110 | |
| Recurring financial charges | 65 | €821 | -€289 | -€1,110 | |
| Profit (loss) for the period before taxes | 9903 | €53,098 | €125,681 | +€72,583 | +136.7% |
| Income taxes | 67/77 | €13,719 | €32,893 | +€19,174 | +139.8% |
| Profit (loss) for the period | 9904 | €39,379 | €92,788 | +€53,409 | +135.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,379 | €92,788 | +€53,409 | +135.6% |
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 10 October 2026 via checked.be.