Target Advisory: 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.
Target Advisory
Largest movements
- Tangible fixed assets +€3,272
up €3,272 (+253.5%), from €1,291 to €4,562
of which Plant, machinery and equipment: +€2,557
- Cash -€2,740
down €2,740 (-6.2%), from €44,366 to €41,626
mainly Tax, wage and social debts (-€6,789) and Contributions, distributions and other (-€6,327)
- Receivables within one year +€2,135
up €2,135 (+6.3%), from €33,946 to €36,081
of which Other amounts receivable: +€8,449
- Reserves +€9,892
up €9,892 (+18.9%), from €52,368 to €62,259
- Tax, wage and social debts -€6,789
down €6,789 (-68.7%), from €9,884 to €3,096
of which Remuneration and social security: -€6,248
- Other debts -€3,363
down €3,363 (-34.7%), from €9,690 to €6,327
- Trade debts +€2,527
new in 2024: €2,527
- Gross operating margin -€3,512
down €3,512 (-12.1%), from €28,994 to €25,482
- Taxes -€1,307
down €1,307 (-15.8%), from €8,294 to €6,987
- Financial charges +€578
up €578 (+460.7%), from €126 to €704
- Depreciation +€532
up €532 (+54.5%), from €977 to €1,509
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 | €80,002 | €82,269 | +€2,266 | +2.8% |
| Fixed assets | 21/28 | €1,691 | €4,562 | +€2,872 | +169.8% |
| Tangible fixed assets | 22/27 | €1,291 | €4,562 | +€3,272 | +253.5% |
| Plant, machinery and equipment | 23 | - | €2,557 | +€2,557 | |
| Furniture and vehicles | 24 | €1,291 | €2,006 | +€715 | +55.4% |
| Financial fixed assets | 28 | €400 | - | -€400 | |
| Current assets | 29/58 | €78,312 | €77,706 | -€605 | -0.8% |
| Amounts receivable within one year | 40/41 | €33,946 | €36,081 | +€2,135 | +6.3% |
| Trade receivables | 40 | €33,541 | €27,227 | -€6,314 | -18.8% |
| Other amounts receivable | 41 | €404 | €8,853 | +€8,449 | +2089.4% |
| Cash at bank and in hand | 54/58 | €44,366 | €41,626 | -€2,740 | -6.2% |
| Total equity and liabilities | 10/49 | €80,002 | €82,269 | +€2,266 | +2.8% |
| Equity | 10/15 | €60,428 | €70,319 | +€9,892 | +16.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €52,368 | €62,259 | +€9,892 | +18.9% |
| Distributable reserves | 133 | €52,368 | €62,259 | +€9,892 | +18.9% |
| Amounts payable | 17/49 | €19,574 | €11,949 | -€7,625 | -39.0% |
| Amounts payable within one year | 42/48 | €19,574 | €11,949 | -€7,625 | -39.0% |
| Trade debts | 44 | - | €2,527 | +€2,527 | |
| Suppliers | 440/4 | - | €2,527 | +€2,527 | |
| Taxes, remuneration and social security | 45 | €9,884 | €3,096 | -€6,789 | -68.7% |
| Taxes | 450/3 | €3,637 | €3,096 | -€541 | -14.9% |
| Remuneration and social security | 454/9 | €6,248 | - | -€6,248 | |
| Other amounts payable | 47/48 | €9,690 | €6,327 | -€3,363 | -34.7% |
| Non-recurring operating income | 76A | - | €10,332 | +€10,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €977 | €1,509 | +€532 | +54.5% |
| Other operating charges | 640/8 | €342 | €64 | -€279 | -81.4% |
| Gross operating margin | 9900 | €28,994 | €25,482 | -€3,512 | -12.1% |
| Operating profit (loss) | 9901 | €27,675 | €23,909 | -€3,766 | -13.6% |
| Financial income | 75/76B | €9 | €0 | -€9 | -99.1% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -99.1% |
| Financial charges | 65/66B | €126 | €704 | +€578 | +460.7% |
| Recurring financial charges | 65 | €126 | €704 | +€578 | +460.7% |
| Profit (loss) for the period before taxes | 9903 | €27,558 | €23,205 | -€4,353 | -15.8% |
| Income taxes | 67/77 | €8,294 | €6,987 | -€1,307 | -15.8% |
| Profit (loss) for the period | 9904 | €19,265 | €16,218 | -€3,046 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,265 | €16,218 | -€3,046 | -15.8% |
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 5 October 2026 via checked.be.