TAX MIND: 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.
TAX MIND
Largest movements
- Receivables within one year +€68,940
up €68,940 (+57.9%), from €119,153 to €188,093
of which Trade receivables: +€37,197
- Tangible fixed assets -€14,890
down €14,890 (-24.0%), from €61,956 to €47,067
- Cash -€10,418
no longer reported in 2024 (was €10,418)
mainly Receivables within one year (-€68,940) and Contributions, distributions and other (-€20,000)
- Intangible fixed assets -€6,600
down €6,600 (-50.0%), from €13,200 to €6,600
- Tax, wage and social debts +€21,916
up €21,916 (+58.2%), from €37,639 to €59,555
of which Taxes: +€24,416
- Other debts +€20,000
new in 2024: €20,000
- Trade debts +€11,589
up €11,589 (+26.6%), from €43,568 to €55,157
- Debts after one year -€9,875
down €9,875 (-29.3%), from €33,735 to €23,860
- Current portion of long-term debt -€8,517
down €8,517 (-46.3%), from €18,392 to €9,875
- Gross operating margin -€15,646
down €15,646 (-23.1%), from €67,687 to €52,041
- Other operating charges -€3,620
down €3,620 (-45.2%), from €8,011 to €4,391
- Depreciation +€3,391
up €3,391 (+18.7%), from €18,099 to €21,490
- Taxes -€1,648
down €1,648 (-14.2%), from €11,589 to €9,941
- Financial income +€1,221
up €1,221 (+26.1%), from €4,680 to €5,901
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 | €224,651 | €262,172 | +€37,521 | +16.7% |
| Fixed assets | 21/28 | €75,156 | €53,667 | -€21,490 | -28.6% |
| Intangible fixed assets | 21 | €13,200 | €6,600 | -€6,600 | -50.0% |
| Tangible fixed assets | 22/27 | €61,956 | €47,067 | -€14,890 | -24.0% |
| Furniture and vehicles | 24 | €61,956 | €47,067 | -€14,890 | -24.0% |
| Current assets | 29/58 | €149,495 | €208,505 | +€59,010 | +39.5% |
| Amounts receivable after more than one year | 29 | €19,513 | €20,063 | +€550 | +2.8% |
| Trade receivables | 290 | €19,513 | €20,063 | +€550 | +2.8% |
| Amounts receivable within one year | 40/41 | €119,153 | €188,093 | +€68,940 | +57.9% |
| Trade receivables | 40 | €46,738 | €83,935 | +€37,197 | +79.6% |
| Other amounts receivable | 41 | €72,415 | €104,158 | +€31,743 | +43.8% |
| Cash at bank and in hand | 54/58 | €10,418 | - | -€10,418 | |
| Deferred charges and accrued income | 490/1 | €411 | €349 | -€61 | -15.0% |
| Total equity and liabilities | 10/49 | €224,651 | €262,172 | +€37,521 | +16.7% |
| Equity | 10/15 | €90,300 | €89,641 | -€659 | -0.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,895 | €69,236 | -€659 | -0.9% |
| Amounts payable | 17/49 | €134,351 | €172,531 | +€38,180 | +28.4% |
| Amounts payable after more than one year | 17 | €33,735 | €23,860 | -€9,875 | -29.3% |
| Financial debts | 170/4 | €33,735 | €23,860 | -€9,875 | -29.3% |
| Amounts payable within one year | 42/48 | €99,599 | €148,624 | +€49,025 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | €18,392 | €9,875 | -€8,517 | -46.3% |
| Financial debts | 43 | - | €4,037 | +€4,037 | |
| Credit institutions | 430/8 | - | €4,037 | +€4,037 | |
| Trade debts | 44 | €43,568 | €55,157 | +€11,589 | +26.6% |
| Suppliers | 440/4 | €43,568 | €55,157 | +€11,589 | +26.6% |
| Taxes, remuneration and social security | 45 | €37,639 | €59,555 | +€21,916 | +58.2% |
| Taxes | 450/3 | €35,139 | €59,555 | +€24,416 | +69.5% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €1,017 | €47 | -€970 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,099 | €21,490 | +€3,391 | +18.7% |
| Other operating charges | 640/8 | €8,011 | €4,391 | -€3,620 | -45.2% |
| Gross operating margin | 9900 | €67,687 | €52,041 | -€15,646 | -23.1% |
| Operating profit (loss) | 9901 | €41,577 | €26,160 | -€15,417 | -37.1% |
| Financial income | 75/76B | €4,680 | €5,901 | +€1,221 | +26.1% |
| Recurring financial income | 75 | €4,680 | €5,901 | +€1,221 | +26.1% |
| Financial charges | 65/66B | €3,132 | €2,779 | -€353 | -11.3% |
| Recurring financial charges | 65 | €3,132 | €2,779 | -€353 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €43,125 | €29,282 | -€13,844 | -32.1% |
| Income taxes | 67/77 | €11,589 | €9,941 | -€1,648 | -14.2% |
| Profit (loss) for the period | 9904 | €31,536 | €19,341 | -€12,195 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,536 | €19,341 | -€12,195 | -38.7% |
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 15 October 2026 via checked.be.