TEAM - WORK: 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.
What changed
TEAM - WORK
NACE 46.180, Agents specialised in the wholesale of other particular products
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€27,623
2023 · €22,300-€49,923
Equity
€417,834
2023 · €445,457-€27,623
Cash
€132
2023 · €4,353-€4,221
Balance sheet total
€1.5m
2023 · €1.5m-€21,134
Largest movements
Assets
- Deferred charges and accrued income +€23,408
up €23,408 (+19.2%), from €121,604 to €145,012
- Tangible fixed assets -€21,143
down €21,143 (-9.9%), from €212,836 to €191,693
of which Furniture and vehicles: -€15,908
- Receivables within one year -€19,179
down €19,179 (-5.3%), from €361,343 to €342,164
of which Other amounts receivable: -€19,179
Equity and liabilities
- Profit (loss) carried forward -€27,623
down €27,623 (-9.6%), from €288,897 to €261,274
Income statement
- Gross operating margin -€47,420
down €47,420, from €43,919 to -€3,501
- Financial charges +€5,534
up €5,534 (+52.8%), from €10,480 to €16,014
- Taxes -€2,836
down €2,836 (-28.4%), from €10,000 to €7,164
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.
Result 2023
€22,300
Gross operating margin
-€47,420
Depreciation
-€0
Other operating charges
+€408
Financial income
-€212
Financial charges
-€5,534
Taxes
+€2,836
Result 2024
-€27,623
raises the resultlowers the result
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.
From operations
-€1,721
Investment
+€0
Financing
-€2,500
Cash 2023
€4,353
From operations (derived)
-€1,721
Net result for the year
-€27,623
Depreciation
+€21,142
Receivables within one year
+€19,179
Deferred charges and accrued income
-€23,408
Smaller working-capital items
-€1
Tax, wage and social debts
+€289
Other debts
+€8,700
Investment (derived)
+€0
Investment in fixed assets (net)
+€0
Financing
-€2,500
Short-term financial debts
-€2,500
Contributions, distributions and other
+€0
Cash 2024
€132
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,482,421 | €1,461,287 | -€21,134 | -1.4% |
| Fixed assets | 21/28 | €995,121 | €973,979 | -€21,142 | -2.1% |
| Tangible fixed assets | 22/27 | €212,836 | €191,693 | -€21,143 | -9.9% |
| Land and buildings | 22 | €164,690 | €159,880 | -€4,810 | -2.9% |
| Plant, machinery and equipment | 23 | €424 | - | -€424 | |
| Furniture and vehicles | 24 | €47,722 | €31,814 | -€15,908 | -33.3% |
| Financial fixed assets | 28 | €782,285 | €782,285 | +€0 | 0.0% |
| Current assets | 29/58 | €487,300 | €487,308 | +€8 | 0.0% |
| Amounts receivable within one year | 40/41 | €361,343 | €342,164 | -€19,179 | -5.3% |
| Trade receivables | 40 | €310,596 | €310,596 | +€0 | 0.0% |
| Other amounts receivable | 41 | €50,747 | €31,568 | -€19,179 | -37.8% |
| Cash at bank and in hand | 54/58 | €4,353 | €132 | -€4,221 | -97.0% |
| Deferred charges and accrued income | 490/1 | €121,604 | €145,012 | +€23,408 | +19.2% |
| Total equity and liabilities | 10/49 | €1,482,421 | €1,461,287 | -€21,134 | -1.4% |
| Equity | 10/15 | €445,457 | €417,834 | -€27,623 | -6.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €136,560 | €136,560 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,777 | €93,777 | -€0 | 0.0% |
| Distributable reserves | 133 | €22,783 | €22,783 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €288,897 | €261,274 | -€27,623 | -9.6% |
| Provisions and deferred taxes | 16 | €571,271 | €571,271 | -€0 | 0.0% |
| Provisions for liabilities and charges | 160/5 | €522,962 | €522,961 | -€1 | 0.0% |
| Pensions and similar obligations | 160 | €261,849 | €261,849 | -€0 | 0.0% |
| Environmental obligations | 163 | €261,113 | - | -€261,113 | |
| Other liabilities and charges | 164/5 | - | €261,113 | +€261,113 | |
| Deferred taxes | 168 | €48,309 | €48,309 | +€0 | 0.0% |
| Amounts payable | 17/49 | €465,693 | €472,182 | +€6,489 | +1.4% |
| Amounts payable within one year | 42/48 | €465,693 | €472,182 | +€6,489 | +1.4% |
| Financial debts | 43 | €194,000 | €191,500 | -€2,500 | -1.3% |
| Credit institutions | 430/8 | €194,000 | €191,500 | -€2,500 | -1.3% |
| Trade debts | 44 | €129,365 | €129,365 | -€0 | 0.0% |
| Suppliers | 440/4 | €129,365 | €129,365 | -€0 | 0.0% |
| Taxes, remuneration and social security | 45 | €17,328 | €17,617 | +€289 | +1.7% |
| Taxes | 450/3 | €17,328 | €17,617 | +€289 | +1.7% |
| Other amounts payable | 47/48 | €125,000 | €133,700 | +€8,700 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,142 | €21,142 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,618 | €3,210 | -€408 | -11.3% |
| Gross operating margin | 9900 | €43,919 | -€3,501 | -€47,420 | |
| Operating profit (loss) | 9901 | €19,159 | -€27,854 | -€47,013 | |
| Financial income | 75/76B | €23,621 | €23,409 | -€212 | -0.9% |
| Recurring financial income | 75 | €23,621 | €23,409 | -€212 | -0.9% |
| Financial charges | 65/66B | €10,480 | €16,014 | +€5,534 | +52.8% |
| Recurring financial charges | 65 | €10,480 | €16,014 | +€5,534 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €32,300 | -€20,459 | -€52,759 | |
| Income taxes | 67/77 | €10,000 | €7,164 | -€2,836 | -28.4% |
| Profit (loss) for the period | 9904 | €22,300 | -€27,623 | -€49,923 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,300 | -€27,623 | -€49,923 |
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 19 October 2026 via checked.be.