TargetSpot Belgium: what changed
What changed
TargetSpot Belgium
NACE 73.120, Media representation
filed annual accounts (NBB)
Net result for the year
€584,467
2023 · -€696,580+€1.3m
Equity
-€4.5m
2023 · -€5.1m+€584,467
Cash
€18,655
2023 · €50,881-€32,226
Balance sheet total
€8.1m
2023 · €6.7m+€1.4m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+21.9%), from €5.2m to €6.3m
of which Other amounts receivable: +€905,864
- Financial fixed assets +€520,806
up €520,806 (+52.0%), from €1.0m to €1.5m
- Intangible fixed assets -€194,977
down €194,977 (-45.4%), from €429,547 to €234,570
Equity and liabilities
- Debts after one year +€1.1m
up €1.1m (+16.6%), from €6.5m to €7.6m
- Trade debts +€740,216
up €740,216 (+23.8%), from €3.1m to €3.8m
- Other debts -€603,301
down €603,301 (-40.0%), from €1.5m to €905,156
- Profit (loss) carried forward +€584,467
up €584,467 (+11.3%), from -€5.2m to -€4.6m
- Tax, wage and social debts -€425,060
down €425,060 (-70.1%), from €606,444 to €181,384
of which Taxes: -€266,770
Income statement
- Staff costs -€946,299
down €946,299, from €919,386 to -€26,913
- Gross operating margin -€411,654
down €411,654 (-33.4%), from €1.2m to €820,074
- Other operating charges -€375,183
down €375,183 (-95.4%), from €393,305 to €18,122
- Financial charges -€353,997
down €353,997 (-90.0%), from €393,357 to €39,360
- Provisions -€154,628
no longer reported in 2024 (was €154,628)
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€696,580
Gross operating margin
-€411,654
Staff costs
+€946,299
Depreciation
+€17,129
Provisions
+€154,628
Other operating charges
+€375,183
Other operating items
-€27,874
Financial income
-€126,660
Financial charges
+€353,997
Result 2024
€584,467
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€588,954
Investment
-€520,806
Financing
+€1.1m
Cash 2023
€50,881
From operations (derived)
-€588,954
Net result for the year
+€584,467
Depreciation
+€196,535
Receivables within one year
-€1.1m
Deferred charges and accrued income
+€26,758
Trade debts
+€740,216
Tax, wage and social debts
-€425,060
Other debts
-€603,301
Accrued charges and deferred income
+€29,809
Investment (derived)
-€520,806
Investment in fixed assets (net)
-€520,806
Financing
+€1.1m
Debts after one year
+€1.1m
Cash 2024
€18,655
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,733,304 | €8,136,969 | +€1.4m | +20.8% |
| Fixed assets | 21/28 | €1,433,221 | €1,757,493 | +€324,272 | +22.6% |
| Intangible fixed assets | 21 | €429,547 | €234,570 | -€194,977 | -45.4% |
| Tangible fixed assets | 22/27 | €1,558 | €0 | -€1,558 | -100% |
| Furniture and vehicles | 24 | €1,558 | €0 | -€1,558 | -100% |
| Financial fixed assets | 28 | €1,002,117 | €1,522,923 | +€520,806 | +52.0% |
| Current assets | 29/58 | €5,300,082 | €6,379,476 | +€1.1m | +20.4% |
| Amounts receivable within one year | 40/41 | €5,206,640 | €6,345,018 | +€1.1m | +21.9% |
| Trade receivables | 40 | €4,991,405 | €5,223,919 | +€232,514 | +4.7% |
| Other amounts receivable | 41 | €215,235 | €1,121,099 | +€905,864 | +421% |
| Cash at bank and in hand | 54/58 | €50,881 | €18,655 | -€32,226 | -63.3% |
| Deferred charges and accrued income | 490/1 | €42,561 | €15,803 | -€26,758 | -62.9% |
| Total equity and liabilities | 10/49 | €6,733,304 | €8,136,969 | +€1.4m | +20.8% |
| Equity | 10/15 | -€5,128,768 | -€4,544,301 | +€584,467 | +11.4% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,163,768 | -€4,579,301 | +€584,467 | +11.3% |
| Provisions and deferred taxes | 16 | €154,628 | €154,628 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €154,628 | €154,628 | = | 0.0% |
| Other liabilities and charges | 164/5 | €154,628 | €154,628 | = | 0.0% |
| Amounts payable | 17/49 | €11,707,444 | €12,526,642 | +€819,198 | +7.0% |
| Amounts payable after more than one year | 17 | €6,479,794 | €7,557,329 | +€1.1m | +16.6% |
| Financial debts | 170/4 | €6,479,794 | €7,557,329 | +€1.1m | +16.6% |
| Amounts payable within one year | 42/48 | €5,220,417 | €4,932,272 | -€288,145 | -5.5% |
| Trade debts | 44 | €3,105,517 | €3,845,733 | +€740,216 | +23.8% |
| Suppliers | 440/4 | €3,105,517 | €3,845,733 | +€740,216 | +23.8% |
| Taxes, remuneration and social security | 45 | €606,444 | €181,384 | -€425,060 | -70.1% |
| Taxes | 450/3 | €309,165 | €42,395 | -€266,770 | -86.3% |
| Remuneration and social security | 454/9 | €297,279 | €138,989 | -€158,290 | -53.2% |
| Other amounts payable | 47/48 | €1,508,456 | €905,156 | -€603,301 | -40.0% |
| Accrued charges and deferred income | 492/3 | €7,232 | €37,041 | +€29,809 | +412% |
| Remuneration, social security and pensions | 62 | €919,386 | -€26,913 | -€946,299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213,664 | €196,535 | -€17,129 | -8.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €154,628 | - | -€154,628 | |
| Other operating charges | 640/8 | €393,305 | €18,122 | -€375,183 | -95.4% |
| Non-recurring operating charges | 66A | - | €27,874 | +€27,874 | |
| Gross operating margin | 9900 | €1,231,727 | €820,074 | -€411,654 | -33.4% |
| Operating profit (loss) | 9901 | -€449,255 | €604,455 | +€1.1m | |
| Financial income | 75/76B | €146,032 | €19,371 | -€126,660 | -86.7% |
| Recurring financial income | 75 | €146,032 | €19,371 | -€126,660 | -86.7% |
| Financial charges | 65/66B | €393,357 | €39,360 | -€353,997 | -90.0% |
| Recurring financial charges | 65 | €393,357 | €39,360 | -€353,997 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | -€696,580 | €584,467 | +€1.3m | |
| Profit (loss) for the period | 9904 | -€696,580 | €584,467 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€696,580 | €584,467 | +€1.3m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.