Rope System: 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.
Rope System
Largest movements
- Receivables within one year +€55,707
up €55,707 (+470.6%), from €11,838 to €67,545
of which Other amounts receivable: +€57,257
- Receivables after one year +€32,788
up €32,788 (+16.3%), from €200,949 to €233,737
- Deferred charges and accrued income +€8,693
up €8,693 (+35.6%), from €24,431 to €33,123
- Cash -€6,374
down €6,374 (-15.9%), from €40,108 to €33,734
- Reserves +€95,166
up €95,166 (+146.8%), from €64,830 to €159,996
of which Distributable reserves: +€97,026
- Trade debts -€4,468
down €4,468 (-100.0%), from €4,468 to €0
- Taxes -€6,693
down €6,693 (-30.6%), from €21,901 to €15,208
- Gross operating margin +€3,136
up €3,136 (+8.5%), from €36,758 to €39,894
- Other operating charges -€2,600
down €2,600 (-89.7%), from €2,900 to €300
- Financial income +€2,352
up €2,352 (+37.8%), from €6,218 to €8,570
From the 2021 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €277,911 | €369,898 | +€91,988 | +33.1% |
| Fixed assets | 21/28 | €585 | €1,759 | +€1,174 | +200.7% |
| Tangible fixed assets | 22/27 | €585 | €1,759 | +€1,174 | +200.7% |
| Furniture and vehicles | 24 | €585 | €1,759 | +€1,174 | +200.7% |
| Current assets | 29/58 | €277,326 | €368,139 | +€90,813 | +32.7% |
| Amounts receivable after more than one year | 29 | €200,949 | €233,737 | +€32,788 | +16.3% |
| Other amounts receivable | 291 | €200,949 | €233,737 | +€32,788 | +16.3% |
| Amounts receivable within one year | 40/41 | €11,838 | €67,545 | +€55,707 | +470.6% |
| Trade receivables | 40 | €8,140 | €6,590 | -€1,550 | -19.0% |
| Other amounts receivable | 41 | €3,698 | €60,955 | +€57,257 | +1548.2% |
| Cash at bank and in hand | 54/58 | €40,108 | €33,734 | -€6,374 | -15.9% |
| Deferred charges and accrued income | 490/1 | €24,431 | €33,123 | +€8,693 | +35.6% |
| Total equity and liabilities | 10/49 | €277,911 | €369,898 | +€91,988 | +33.1% |
| Equity | 10/15 | €244,759 | €340,021 | +€95,262 | +38.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €64,830 | €159,996 | +€95,166 | +146.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €44,970 | €141,996 | +€97,026 | +215.8% |
| Profit (loss) carried forward | 14 | €167,429 | €167,525 | +€96 | +0.1% |
| Amounts payable | 17/49 | €33,152 | €29,877 | -€3,275 | -9.9% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Financial debts | 170/4 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €33,152 | €29,877 | -€3,275 | -9.9% |
| Trade debts | 44 | €4,468 | €0 | -€4,468 | -100.0% |
| Suppliers | 440/4 | €4,468 | €0 | -€4,468 | -100.0% |
| Taxes, remuneration and social security | 45 | €28,684 | €29,877 | +€1,193 | +4.2% |
| Taxes | 450/3 | €28,684 | €29,877 | +€1,193 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34 | - | -€34 | |
| Other operating charges | 640/8 | €2,900 | €300 | -€2,600 | -89.7% |
| Gross operating margin | 9900 | €36,758 | €39,894 | +€3,136 | +8.5% |
| Operating profit (loss) | 9901 | €33,824 | €39,595 | +€5,771 | +17.1% |
| Financial income | 75/76B | €6,218 | €8,570 | +€2,352 | +37.8% |
| Recurring financial income | 75 | €6,218 | €8,570 | +€2,352 | +37.8% |
| Financial charges | 65/66B | €141 | €303 | +€163 | +115.8% |
| Recurring financial charges | 65 | €141 | €303 | +€163 | +115.8% |
| Profit (loss) for the period before taxes | 9903 | €39,901 | €47,862 | +€7,960 | +20.0% |
| Income taxes | 67/77 | €21,901 | €15,208 | -€6,693 | -30.6% |
| Profit (loss) for the period | 9904 | €18,001 | €32,654 | +€14,653 | +81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,001 | €32,654 | +€14,653 | +81.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 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.