Subtile: 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.
Subtile
Largest movements
- Receivables within one year +€160,000
up €160,000 (+800.0%), from €20,000 to €180,000
of which Other amounts receivable: +€160,000
- Deferred charges and accrued income +€85,000
new in 2024: €85,000
- Cash -€59,890
down €59,890 (-27.1%), from €221,388 to €161,498
mainly Receivables within one year (-€160,000) and Deferred charges and accrued income (-€85,000)
- Tangible fixed assets -€14,795
down €14,795 (-32.9%), from €44,935 to €30,140
of which Furniture and vehicles: -€12,913
- Profit (loss) carried forward +€213,437
up €213,437 (+314.3%), from €67,906 to €281,342
- Other debts +€29,322
up €29,322 (+2283.9%), from €1,284 to €30,605
- Tax, wage and social debts -€26,181
down €26,181 (-41.3%), from €63,463 to €37,282
of which Taxes: -€27,874
- Advances received -€24,404
no longer reported in 2024 (was €24,404)
- Trade debts -€19,928
down €19,928 (-74.9%), from €26,622 to €6,694
- Gross operating margin +€137,168
up €137,168 (+113.9%), from €120,421 to €257,589
- Taxes -€22,736
down €22,736 (-99.7%), from €22,798 to €62
- Staff costs +€8,486
up €8,486 (+60.6%), from €14,004 to €22,490
- Depreciation +€5,578
up €5,578 (+51.7%), from €10,787 to €16,365
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 | €303,389 | €476,093 | +€172,704 | +56.9% |
| Fixed assets | 21/28 | €50,935 | €36,140 | -€14,795 | -29.0% |
| Tangible fixed assets | 22/27 | €44,935 | €30,140 | -€14,795 | -32.9% |
| Plant, machinery and equipment | 23 | €1,926 | €713 | -€1,212 | -62.9% |
| Furniture and vehicles | 24 | €42,340 | €29,427 | -€12,913 | -30.5% |
| Other tangible fixed assets | 26 | €669 | - | -€669 | |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €252,454 | €439,953 | +€187,499 | +74.3% |
| Stocks and contracts in progress | 3 | €11,066 | €13,455 | +€2,389 | +21.6% |
| Stocks | 30/36 | €11,066 | €13,455 | +€2,389 | +21.6% |
| Amounts receivable within one year | 40/41 | €20,000 | €180,000 | +€160,000 | +800.0% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €20,000 | €180,000 | +€160,000 | +800.0% |
| Cash at bank and in hand | 54/58 | €221,388 | €161,498 | -€59,890 | -27.1% |
| Deferred charges and accrued income | 490/1 | - | €85,000 | +€85,000 | |
| Total equity and liabilities | 10/49 | €303,389 | €476,093 | +€172,704 | +56.9% |
| Equity | 10/15 | €145,768 | €359,205 | +€213,437 | +146.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €67,863 | €67,863 | = | 0.0% |
| Distributable reserves | 133 | €67,863 | €67,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,906 | €281,342 | +€213,437 | +314.3% |
| Amounts payable | 17/49 | €157,621 | €116,888 | -€40,733 | -25.8% |
| Amounts payable after more than one year | 17 | €21,628 | €15,758 | -€5,870 | -27.1% |
| Financial debts | 170/4 | €21,628 | €15,758 | -€5,870 | -27.1% |
| Amounts payable within one year | 42/48 | €134,393 | €99,130 | -€35,262 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €6,638 | €6,871 | +€233 | +3.5% |
| Financial debts | 43 | €11,982 | €17,678 | +€5,696 | +47.5% |
| Credit institutions | 430/8 | €11,982 | €17,678 | +€5,696 | +47.5% |
| Trade debts | 44 | €26,622 | €6,694 | -€19,928 | -74.9% |
| Suppliers | 440/4 | €26,622 | €6,694 | -€19,928 | -74.9% |
| Advances received on contracts in progress | 46 | €24,404 | - | -€24,404 | |
| Taxes, remuneration and social security | 45 | €63,463 | €37,282 | -€26,181 | -41.3% |
| Taxes | 450/3 | €54,378 | €26,504 | -€27,874 | -51.3% |
| Remuneration and social security | 454/9 | €9,085 | €10,778 | +€1,693 | +18.6% |
| Other amounts payable | 47/48 | €1,284 | €30,605 | +€29,322 | +2283.9% |
| Accrued charges and deferred income | 492/3 | €1,600 | €2,000 | +€400 | +25.0% |
| Remuneration, social security and pensions | 62 | €14,004 | €22,490 | +€8,486 | +60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,787 | €16,365 | +€5,578 | +51.7% |
| Other operating charges | 640/8 | €2,442 | €2,571 | +€130 | +5.3% |
| Gross operating margin | 9900 | €120,421 | €257,589 | +€137,168 | +113.9% |
| Operating profit (loss) | 9901 | €93,189 | €216,163 | +€122,974 | +132.0% |
| Financial income | 75/76B | €0 | €528 | +€527 | +175740.0% |
| Recurring financial income | 75 | €0 | €528 | +€527 | +175740.0% |
| Financial charges | 65/66B | €2,485 | €1,904 | -€581 | -23.4% |
| Recurring financial charges | 65 | €2,485 | €1,904 | -€581 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €90,703 | €214,786 | +€124,083 | +136.8% |
| Income taxes | 67/77 | €22,798 | €62 | -€22,736 | -99.7% |
| Profit (loss) for the period | 9904 | €67,906 | €214,724 | +€146,819 | +216.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,906 | €214,724 | +€146,819 | +216.2% |
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 5 October 2026 via checked.be.