Squarebracket: 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.
Squarebracket
Largest movements
- Receivables within one year +€95,675
up €95,675 (+458.9%), from €20,849 to €116,525
of which Trade receivables: +€94,320
- Tangible fixed assets +€37,518
up €37,518 (+75.8%), from €49,473 to €86,991
of which Furniture and vehicles: +€39,367
- Cash +€7,491
up €7,491 (+43.6%), from €17,174 to €24,665
mainly Trade debts (+€83,696) and Net result for the year (+€68,202)
- Trade debts +€83,696
up €83,696 (+1793.1%), from €4,668 to €88,363
- Profit (loss) carried forward +€68,202
up €68,202, from -€8,974 to €59,228
- Debts after one year -€10,075
down €10,075 (-35.0%), from €28,823 to €18,748
- Gross operating margin +€112,014
up €112,014 (+91.6%), from €122,304 to €234,318
- Taxes +€13,942
up €13,942 (+278.8%), from €5,000 to €18,942
- Staff costs +€13,150
up €13,150 (+10.9%), from €120,099 to €133,248
- Depreciation +€6,841
up €6,841 (+153.8%), from €4,447 to €11,289
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 | €91,916 | €230,463 | +€138,547 | +150.7% |
| Fixed assets | 21/28 | €49,937 | €87,455 | +€37,518 | +75.1% |
| Tangible fixed assets | 22/27 | €49,473 | €86,991 | +€37,518 | +75.8% |
| Plant, machinery and equipment | 23 | €4,626 | €2,777 | -€1,849 | -40.0% |
| Furniture and vehicles | 24 | €44,847 | €84,214 | +€39,367 | +87.8% |
| Financial fixed assets | 28 | €464 | €464 | = | 0.0% |
| Current assets | 29/58 | €41,978 | €143,008 | +€101,030 | +240.7% |
| Amounts receivable within one year | 40/41 | €20,849 | €116,525 | +€95,675 | +458.9% |
| Trade receivables | 40 | €20,849 | €115,169 | +€94,320 | +452.4% |
| Other amounts receivable | 41 | - | €1,356 | +€1,356 | |
| Cash at bank and in hand | 54/58 | €17,174 | €24,665 | +€7,491 | +43.6% |
| Deferred charges and accrued income | 490/1 | €3,955 | €1,818 | -€2,136 | -54.0% |
| Total equity and liabilities | 10/49 | €91,916 | €230,463 | +€138,547 | +150.7% |
| Equity | 10/15 | €10,735 | €78,937 | +€68,202 | +635.3% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €13,409 | €13,409 | = | 0.0% |
| Distributable reserves | 133 | €13,409 | €13,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,974 | €59,228 | +€68,202 | |
| Amounts payable | 17/49 | €81,181 | €151,526 | +€70,345 | +86.7% |
| Amounts payable after more than one year | 17 | €28,823 | €18,748 | -€10,075 | -35.0% |
| Financial debts | 170/4 | €28,823 | €18,748 | -€10,075 | -35.0% |
| Amounts payable within one year | 42/48 | €52,337 | €132,596 | +€80,259 | +153.4% |
| Current portion of amounts payable after more than one year | 42 | €9,636 | €8,228 | -€1,408 | -14.6% |
| Trade debts | 44 | €4,668 | €88,363 | +€83,696 | +1793.1% |
| Suppliers | 440/4 | €4,668 | €88,363 | +€83,696 | +1793.1% |
| Taxes, remuneration and social security | 45 | €38,033 | €36,004 | -€2,029 | -5.3% |
| Taxes | 450/3 | €13,216 | €32,373 | +€19,157 | +144.9% |
| Remuneration and social security | 454/9 | €24,816 | €3,631 | -€21,185 | -85.4% |
| Accrued charges and deferred income | 492/3 | €21 | €183 | +€162 | +759.8% |
| Remuneration, social security and pensions | 62 | €120,099 | €133,248 | +€13,150 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,447 | €11,289 | +€6,841 | +153.8% |
| Other operating charges | 640/8 | €1,017 | €610 | -€407 | -40.0% |
| Gross operating margin | 9900 | €122,304 | €234,318 | +€112,014 | +91.6% |
| Operating profit (loss) | 9901 | -€3,259 | €89,171 | +€92,430 | |
| Financial charges | 65/66B | €715 | €2,026 | +€1,311 | +183.4% |
| Recurring financial charges | 65 | €715 | €2,026 | +€1,311 | +183.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,974 | €87,144 | +€91,118 | |
| Income taxes | 67/77 | €5,000 | €18,942 | +€13,942 | +278.8% |
| Profit (loss) for the period | 9904 | -€8,974 | €68,202 | +€77,176 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,974 | €68,202 | +€77,176 |
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 30 September 2026 via checked.be.