START TO GO: 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.
START TO GO
Largest movements
- Receivables within one year +€22,615
up €22,615 (+11.8%), from €191,608 to €214,223
of which Trade receivables: +€25,353
- Tangible fixed assets -€9,567
down €9,567 (-48.1%), from €19,892 to €10,325
- Tax, wage and social debts +€15,630
up €15,630 (+36.2%), from €43,165 to €58,795
of which Taxes: +€12,298
- Profit (loss) carried forward +€15,440
up €15,440 (+10.9%), from €141,330 to €156,770
- Debts after one year -€11,925
no longer reported in 2024 (was €11,925)
- Gross operating margin -€13,097
down €13,097 (-19.6%), from €66,951 to €53,854
- Depreciation +€9,567
new in 2024: €9,567
- Taxes +€2,082
up €2,082 (+22.5%), from €9,245 to €11,327
- Other operating charges -€1,565
down €1,565 (-43.1%), from €3,629 to €2,063
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 | €230,285 | €244,750 | +€14,464 | +6.3% |
| Fixed assets | 21/28 | €28,484 | €18,918 | -€9,567 | -33.6% |
| Tangible fixed assets | 22/27 | €19,892 | €10,325 | -€9,567 | -48.1% |
| Leasing and similar rights | 25 | €19,892 | €10,325 | -€9,567 | -48.1% |
| Financial fixed assets | 28 | €8,593 | €8,593 | = | 0.0% |
| Current assets | 29/58 | €201,801 | €225,832 | +€24,031 | +11.9% |
| Amounts receivable within one year | 40/41 | €191,608 | €214,223 | +€22,615 | +11.8% |
| Trade receivables | 40 | €5,865 | €31,219 | +€25,353 | +432% |
| Other amounts receivable | 41 | €185,743 | €183,005 | -€2,738 | -1.5% |
| Cash at bank and in hand | 54/58 | €9,507 | €10,690 | +€1,183 | +12.4% |
| Deferred charges and accrued income | 490/1 | €686 | €919 | +€233 | +33.9% |
| Total equity and liabilities | 10/49 | €230,285 | €244,750 | +€14,464 | +6.3% |
| Equity | 10/15 | €151,568 | €167,008 | +€15,440 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,038 | €4,038 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,178 | €2,178 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,330 | €156,770 | +€15,440 | +10.9% |
| Amounts payable | 17/49 | €78,718 | €77,742 | -€976 | -1.2% |
| Amounts payable after more than one year | 17 | €11,925 | - | -€11,925 | |
| Financial debts | 170/4 | €11,925 | - | -€11,925 | |
| Amounts payable within one year | 42/48 | €66,793 | €77,742 | +€10,949 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €16,202 | €13,820 | -€2,382 | -14.7% |
| Financial debts | 43 | €1,463 | - | -€1,463 | |
| Credit institutions | 430/8 | €1,463 | - | -€1,463 | |
| Trade debts | 44 | €5,963 | €5,127 | -€836 | -14.0% |
| Suppliers | 440/4 | €5,963 | €5,127 | -€836 | -14.0% |
| Taxes, remuneration and social security | 45 | €43,165 | €58,795 | +€15,630 | +36.2% |
| Taxes | 450/3 | €41,291 | €53,589 | +€12,298 | +29.8% |
| Remuneration and social security | 454/9 | €1,874 | €5,206 | +€3,332 | +178% |
| Remuneration, social security and pensions | 62 | €2,785 | €2,483 | -€302 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,567 | +€9,567 | |
| Other operating charges | 640/8 | €3,629 | €2,063 | -€1,565 | -43.1% |
| Gross operating margin | 9900 | €66,951 | €53,854 | -€13,097 | -19.6% |
| Operating profit (loss) | 9901 | €60,537 | €39,740 | -€20,797 | -34.4% |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | €3,635 | €2,973 | -€662 | -18.2% |
| Recurring financial charges | 65 | €3,635 | €2,973 | -€662 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €56,931 | €36,767 | -€20,164 | -35.4% |
| Income taxes | 67/77 | €9,245 | €11,327 | +€2,082 | +22.5% |
| Profit (loss) for the period | 9904 | €47,686 | €25,440 | -€22,246 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,686 | €25,440 | -€22,246 | -46.7% |
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 13 October 2026 via checked.be.