SORTLIST: 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.
What changed
SORTLIST
NACE 62.100, Computer programming
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€1.1m
2023 · -€2.0m+€927,252
Equity
€2.4m
2023 · €2.7m-€304,907
Cash
€1.6m
2023 · €983,748+€617,192
Balance sheet total
€6.4m
2023 · €7.1m-€724,362
Largest movements
Assets
- Intangible fixed assets -€732,742
down €732,742 (-15.8%), from €4.7m to €3.9m
- Cash +€617,192
up €617,192 (+62.7%), from €983,748 to €1.6m
mainly Depreciation (+€3.1m) and Contributions, distributions and other (+€775,436)
- Current investments -€500,000
down €500,000 (-100.0%), from €500,000 to €0
- Financial fixed assets -€145,612
down €145,612 (-72.0%), from €202,202 to €56,590
- Receivables within one year +€122,870
up €122,870 (+27.5%), from €446,428 to €569,298
of which Other amounts receivable: +€198,265
Equity and liabilities
- Profit (loss) carried forward -€1.1m
down €1.1m (-8.9%), from -€12.1m to -€13.2m
- Contributions +€775,436
up €775,436 (+5.2%), from €14.8m to €15.6m
of which Outside capital: +€770,149
- Debts after one year -€197,617
down €197,617 (-15.8%), from €1.3m to €1.1m
- Accrued charges and deferred income -€186,948
down €186,948 (-18.0%), from €1.0m to €849,667
- Current portion of long-term debt +€121,079
up €121,079 (+22.5%), from €537,572 to €658,651
Income statement
- Gross operating margin +€669,623
up €669,623 (+14.6%), from €4.6m to €5.2m
- Depreciation -€175,398
down €175,398 (-5.3%), from €3.3m to €3.1m
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.
Result 2023
-€2.0m
Gross operating margin
+€669,623
Staff costs
+€25,336
Depreciation
+€175,398
Write-downs
-€7,013
Provisions
-€8,000
Other operating charges
+€38,139
Other operating items
+€31,405
Financial income
-€12,405
Financial charges
+€15,326
Taxes
-€557
Result 2024
-€1.1m
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.
From operations
+€1.6m
Investment
-€1.7m
Financing
+€701,949
Cash 2023
€983,748
From operations (derived)
+€1.6m
Net result for the year
-€1.1m
Depreciation
+€3.1m
Receivables after one year
+€90,722
Receivables within one year
-€122,870
Deferred charges and accrued income
-€2,690
Provisions
-€8,524
Trade debts
-€67,646
Tax, wage and social debts
+€34,979
Other debts
-€117,828
Accrued charges and deferred income
-€186,948
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€2.2m
Current investments
+€500,000
Financing
+€701,949
Debts after one year
-€197,617
Current portion of long-term debt
+€121,079
Short-term financial debts
+€3,050
Contributions, distributions and other
+€775,436
Cash 2024
€1.6m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,082,673 | €6,358,311 | -€724,362 | -10.2% |
| Fixed assets | 21/28 | €4,920,018 | €4,043,626 | -€876,393 | -17.8% |
| Intangible fixed assets | 21 | €4,651,168 | €3,918,426 | -€732,742 | -15.8% |
| Tangible fixed assets | 22/27 | €66,648 | €68,610 | +€1,962 | +2.9% |
| Plant, machinery and equipment | 23 | €28,505 | €8,501 | -€20,004 | -70.2% |
| Furniture and vehicles | 24 | €14,209 | €10,039 | -€4,170 | -29.3% |
| Other tangible fixed assets | 26 | €23,935 | €50,070 | +€26,136 | +109.2% |
| Financial fixed assets | 28 | €202,202 | €56,590 | -€145,612 | -72.0% |
| Current assets | 29/58 | €2,162,654 | €2,314,685 | +€152,031 | +7.0% |
| Amounts receivable after more than one year | 29 | €174,460 | €83,738 | -€90,722 | -52.0% |
| Other amounts receivable | 291 | €174,460 | €83,738 | -€90,722 | -52.0% |
| Amounts receivable within one year | 40/41 | €446,428 | €569,298 | +€122,870 | +27.5% |
| Trade receivables | 40 | €348,464 | €273,069 | -€75,395 | -21.6% |
| Other amounts receivable | 41 | €97,964 | €296,229 | +€198,265 | +202.4% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €983,748 | €1,600,940 | +€617,192 | +62.7% |
| Deferred charges and accrued income | 490/1 | €58,019 | €60,709 | +€2,690 | +4.6% |
| Total equity and liabilities | 10/49 | €7,082,673 | €6,358,311 | -€724,362 | -10.2% |
| Equity | 10/15 | €2,665,655 | €2,360,747 | -€304,907 | -11.4% |
| Contributions | 10/11 | €14,796,007 | €15,571,443 | +€775,436 | +5.2% |
| Capital | 10 | €117,459 | €122,745 | +€5,287 | +4.5% |
| Issued capital | 100 | €117,459 | €122,745 | +€5,287 | +4.5% |
| Outside capital | 11 | €14,678,548 | €15,448,697 | +€770,149 | +5.2% |
| Share premium | 1100/10 | €14,678,548 | €15,448,697 | +€770,149 | +5.2% |
| Profit (loss) carried forward | 14 | -€12,130,352 | -€13,210,695 | -€1.1m | -8.9% |
| Provisions and deferred taxes | 16 | €400,631 | €392,107 | -€8,524 | -2.1% |
| Provisions for liabilities and charges | 160/5 | €400,631 | €392,107 | -€8,524 | -2.1% |
| Taxes | 161 | €131,000 | €0 | -€131,000 | -100.0% |
| Other liabilities and charges | 164/5 | €269,631 | €392,107 | +€122,476 | +45.4% |
| Amounts payable | 17/49 | €4,016,387 | €3,605,457 | -€410,930 | -10.2% |
| Amounts payable after more than one year | 17 | €1,250,592 | €1,052,975 | -€197,617 | -15.8% |
| Financial debts | 170/4 | €1,250,592 | €1,052,975 | -€197,617 | -15.8% |
| Amounts payable within one year | 42/48 | €1,729,180 | €1,702,814 | -€26,365 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €537,572 | €658,651 | +€121,079 | +22.5% |
| Financial debts | 43 | €58,092 | €61,142 | +€3,050 | +5.3% |
| Credit institutions | 430/8 | €58,092 | €61,142 | +€3,050 | +5.3% |
| Trade debts | 44 | €558,472 | €490,826 | -€67,646 | -12.1% |
| Suppliers | 440/4 | €558,472 | €490,826 | -€67,646 | -12.1% |
| Taxes, remuneration and social security | 45 | €437,157 | €472,136 | +€34,979 | +8.0% |
| Taxes | 450/3 | €91,597 | €65,405 | -€26,192 | -28.6% |
| Remuneration and social security | 454/9 | €345,560 | €406,732 | +€61,172 | +17.7% |
| Other amounts payable | 47/48 | €137,888 | €20,059 | -€117,828 | -85.5% |
| Accrued charges and deferred income | 492/3 | €1,036,615 | €849,667 | -€186,948 | -18.0% |
| Non-recurring operating income | 76A | €217,500 | €95,712 | -€121,788 | -56.0% |
| Remuneration, social security and pensions | 62 | €2,867,784 | €2,842,448 | -€25,336 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,280,404 | €3,105,006 | -€175,398 | -5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,013 | +€7,013 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€139,000 | -€131,000 | +€8,000 | +5.8% |
| Other operating charges | 640/8 | €55,412 | €17,273 | -€38,139 | -68.8% |
| Non-recurring operating charges | 66A | €162,131 | €130,726 | -€31,405 | -19.4% |
| Gross operating margin | 9900 | €4,573,789 | €5,243,412 | +€669,623 | +14.6% |
| Operating profit (loss) | 9901 | -€1,652,942 | -€728,054 | +€924,889 | +56.0% |
| Financial income | 75/76B | €66,450 | €54,045 | -€12,405 | -18.7% |
| Recurring financial income | 75 | €66,450 | €54,045 | -€12,405 | -18.7% |
| Financial charges | 65/66B | €418,572 | €403,246 | -€15,326 | -3.7% |
| Recurring financial charges | 65 | €270,809 | €255,484 | -€15,326 | -5.7% |
| Non-recurring financial charges | 66B | €147,762 | €147,762 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,005,064 | -€1,077,255 | +€927,809 | +46.3% |
| Income taxes | 67/77 | €2,532 | €3,088 | +€557 | +22.0% |
| Profit (loss) for the period | 9904 | -€2,007,596 | -€1,080,343 | +€927,252 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,007,596 | -€1,080,343 | +€927,252 | +46.2% |
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 2 October 2026 via checked.be.