STUDIO DAVID: 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.
STUDIO DAVID
Largest movements
- Receivables within one year +€18,233
up €18,233 (+85.7%), from €21,287 to €39,520
of which Trade receivables: +€13,462
- Cash +€4,713
up €4,713 (+1.7%), from €276,999 to €281,712
mainly Net result for the year (+€19,677) and Trade debts (+€2,097)
- Reserves +€19,677
up €19,677 (+7.1%), from €278,757 to €298,434
- Gross operating margin +€9,800
up €9,800 (+46.8%), from €20,933 to €30,733
- Taxes +€2,826
up €2,826 (+39.4%), from €7,168 to €9,993
- Depreciation -€1,900
down €1,900 (-74.0%), from €2,568 to €668
- Financial income +€357
up €357 (+92.4%), from €387 to €744
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 | €299,618 | €321,896 | +€22,278 | +7.4% |
| Fixed assets | 21/28 | €1,332 | €664 | -€668 | -50.1% |
| Tangible fixed assets | 22/27 | €1,332 | €664 | -€668 | -50.1% |
| Furniture and vehicles | 24 | €1,332 | €664 | -€668 | -50.1% |
| Current assets | 29/58 | €298,286 | €321,232 | +€22,946 | +7.7% |
| Amounts receivable within one year | 40/41 | €21,287 | €39,520 | +€18,233 | +85.7% |
| Trade receivables | 40 | €1,186 | €14,648 | +€13,462 | +1135.3% |
| Other amounts receivable | 41 | €20,101 | €24,873 | +€4,771 | +23.7% |
| Cash at bank and in hand | 54/58 | €276,999 | €281,712 | +€4,713 | +1.7% |
| Total equity and liabilities | 10/49 | €299,618 | €321,896 | +€22,278 | +7.4% |
| Equity | 10/15 | €297,349 | €317,026 | +€19,677 | +6.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €278,757 | €298,434 | +€19,677 | +7.1% |
| Distributable reserves | 133 | €278,757 | €298,434 | +€19,677 | +7.1% |
| Amounts payable | 17/49 | €2,269 | €4,870 | +€2,601 | +114.6% |
| Amounts payable within one year | 42/48 | €2,269 | €4,870 | +€2,601 | +114.6% |
| Trade debts | 44 | €714 | €2,812 | +€2,097 | +293.6% |
| Suppliers | 440/4 | €714 | €2,812 | +€2,097 | +293.6% |
| Taxes, remuneration and social security | 45 | €1,555 | €2,059 | +€504 | +32.4% |
| Taxes | 450/3 | €1,555 | €2,059 | +€504 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,568 | €668 | -€1,900 | -74.0% |
| Other operating charges | 640/8 | €842 | €868 | +€25 | +3.0% |
| Gross operating margin | 9900 | €20,933 | €30,733 | +€9,800 | +46.8% |
| Operating profit (loss) | 9901 | €17,523 | €29,197 | +€11,674 | +66.6% |
| Financial income | 75/76B | €387 | €744 | +€357 | +92.4% |
| Recurring financial income | 75 | €387 | €744 | +€357 | +92.4% |
| Financial charges | 65/66B | €374 | €271 | -€104 | -27.7% |
| Recurring financial charges | 65 | €374 | €271 | -€104 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €17,535 | €29,671 | +€12,135 | +69.2% |
| Income taxes | 67/77 | €7,168 | €9,993 | +€2,826 | +39.4% |
| Profit (loss) for the period | 9904 | €10,368 | €19,677 | +€9,310 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,368 | €19,677 | +€9,310 | +89.8% |
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 29 September 2026 via checked.be.