SHOE MINUTE: 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.
SHOE MINUTE
Largest movements
- Cash +€29,206
up €29,206 (+35.0%), from €83,531 to €112,737
mainly Net result for the year (+€33,830) and Tax, wage and social debts (+€11,442)
- Receivables within one year -€1,956
down €1,956 (-22.3%), from €8,754 to €6,798
of which Other amounts receivable: -€2,089
- Trade debts -€22,571
down €22,571 (-36.3%), from €62,131 to €39,559
- Reserves +€20,000
up €20,000 (+1,075%), from €1,860 to €21,860
of which Distributable reserves: +€20,000
- Profit (loss) carried forward +€13,830
up €13,830, from -€1,430 to €12,401
- Tax, wage and social debts +€11,442
up €11,442 (+480%), from €2,385 to €13,827
- Other debts +€3,533
up €3,533 (+22.5%), from €15,708 to €19,241
- Gross operating margin +€31,446
up €31,446 (+154%), from €20,423 to €51,869
- Taxes +€11,958
new in 2024: €11,958
- Other operating charges +€3,548
up €3,548 (+497%), from €714 to €4,262
- Financial charges -€798
down €798 (-31.4%), from €2,546 to €1,748
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 | €99,254 | €125,489 | +€26,234 | +26.4% |
| Fixed assets | 21/28 | €3,309 | €2,169 | -€1,140 | -34.4% |
| Financial fixed assets | 28 | €3,309 | €2,169 | -€1,140 | -34.4% |
| Current assets | 29/58 | €95,945 | €123,319 | +€27,374 | +28.5% |
| Stocks and contracts in progress | 3 | €3,276 | €3,276 | = | 0.0% |
| Stocks | 30/36 | €3,276 | €3,276 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,754 | €6,798 | -€1,956 | -22.3% |
| Trade receivables | 40 | €1,665 | €1,798 | +€133 | +8.0% |
| Other amounts receivable | 41 | €7,089 | €5,000 | -€2,089 | -29.5% |
| Cash at bank and in hand | 54/58 | €83,531 | €112,737 | +€29,206 | +35.0% |
| Deferred charges and accrued income | 490/1 | €383 | €508 | +€124 | +32.4% |
| Total equity and liabilities | 10/49 | €99,254 | €125,489 | +€26,234 | +26.4% |
| Equity | 10/15 | €19,030 | €52,861 | +€33,830 | +178% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €21,860 | +€20,000 | +1,075% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | -€1,430 | €12,401 | +€13,830 | |
| Amounts payable | 17/49 | €80,224 | €72,628 | -€7,596 | -9.5% |
| Amounts payable within one year | 42/48 | €80,224 | €72,628 | -€7,596 | -9.5% |
| Trade debts | 44 | €62,131 | €39,559 | -€22,571 | -36.3% |
| Suppliers | 440/4 | €62,131 | €39,559 | -€22,571 | -36.3% |
| Taxes, remuneration and social security | 45 | €2,385 | €13,827 | +€11,442 | +480% |
| Taxes | 450/3 | €2,385 | €13,827 | +€11,442 | +480% |
| Other amounts payable | 47/48 | €15,708 | €19,241 | +€3,533 | +22.5% |
| Remuneration, social security and pensions | 62 | €194 | €70 | -€124 | -63.9% |
| Other operating charges | 640/8 | €714 | €4,262 | +€3,548 | +497% |
| Gross operating margin | 9900 | €20,423 | €51,869 | +€31,446 | +154% |
| Operating profit (loss) | 9901 | €19,514 | €47,536 | +€28,022 | +144% |
| Financial charges | 65/66B | €2,546 | €1,748 | -€798 | -31.4% |
| Recurring financial charges | 65 | €2,546 | €1,748 | -€798 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €16,968 | €45,789 | +€28,821 | +170% |
| Income taxes | 67/77 | - | €11,958 | +€11,958 | |
| Profit (loss) for the period | 9904 | €16,968 | €33,830 | +€16,862 | +99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,968 | €33,830 | +€16,862 | +99.4% |
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 18 October 2026 via checked.be.