TEAMWORK ('S) PROJECTS: 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.
TEAMWORK ('S) PROJECTS
Largest movements
- Receivables within one year +€46,953
up €46,953 (+1710.1%), from €2,746 to €49,698
of which Trade receivables: +€38,397
- Tangible fixed assets +€824
new in 2024: €824
- Cash +€787
up €787, from €0 to €787
mainly Trade debts (+€49,111) and Net result for the year (+€14,455)
- Trade debts +€49,111
up €49,111 (+19555.2%), from €251 to €49,362
- Profit (loss) carried forward +€14,455
up €14,455 (+43.2%), from -€33,430 to -€18,975
- Other debts -€12,480
no longer reported in 2024 (was €12,480)
- Accrued charges and deferred income -€3,063
no longer reported in 2024 (was €3,063)
- Gross operating margin +€17,176
up €17,176, from -€1,334 to €15,842
- Other operating charges -€525
down €525 (-89.4%), from €587 to €62
- Financial charges +€199
up €199 (+18.0%), from €1,105 to €1,303
of which Non-recurring financial charges: +€493
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 | €2,845 | €51,309 | +€48,464 | +1703.5% |
| Fixed assets | 21/28 | - | €824 | +€824 | |
| Tangible fixed assets | 22/27 | - | €824 | +€824 | |
| Plant, machinery and equipment | 23 | - | €824 | +€824 | |
| Current assets | 29/58 | €2,845 | €50,485 | +€47,640 | +1674.5% |
| Amounts receivable within one year | 40/41 | €2,746 | €49,698 | +€46,953 | +1710.1% |
| Trade receivables | 40 | - | €38,397 | +€38,397 | |
| Other amounts receivable | 41 | €2,746 | €11,302 | +€8,556 | +311.6% |
| Cash at bank and in hand | 54/58 | €0 | €787 | +€787 | |
| Deferred charges and accrued income | 490/1 | €99 | - | -€99 | |
| Total equity and liabilities | 10/49 | €2,845 | €51,309 | +€48,464 | +1703.5% |
| Equity | 10/15 | -€12,970 | €1,485 | +€14,455 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,430 | -€18,975 | +€14,455 | +43.2% |
| Amounts payable | 17/49 | €15,815 | €49,824 | +€34,009 | +215.0% |
| Amounts payable within one year | 42/48 | €12,751 | €49,824 | +€37,072 | +290.7% |
| Financial debts | 43 | €20 | - | -€20 | |
| Credit institutions | 430/8 | €20 | - | -€20 | |
| Trade debts | 44 | €251 | €49,362 | +€49,111 | +19555.2% |
| Suppliers | 440/4 | €251 | €49,362 | +€49,111 | +19555.2% |
| Taxes, remuneration and social security | 45 | - | €462 | +€462 | |
| Taxes | 450/3 | - | €462 | +€462 | |
| Other amounts payable | 47/48 | €12,480 | - | -€12,480 | |
| Accrued charges and deferred income | 492/3 | €3,063 | - | -€3,063 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €69 | +€69 | |
| Other operating charges | 640/8 | €587 | €62 | -€525 | -89.4% |
| Gross operating margin | 9900 | -€1,334 | €15,842 | +€17,176 | |
| Operating profit (loss) | 9901 | -€1,921 | €15,711 | +€17,632 | |
| Financial income | 75/76B | €99 | €48 | -€52 | -51.8% |
| Recurring financial income | 75 | €99 | €48 | -€52 | -51.8% |
| Financial charges | 65/66B | €1,105 | €1,303 | +€199 | +18.0% |
| Recurring financial charges | 65 | €1,105 | €810 | -€294 | -26.6% |
| Non-recurring financial charges | 66B | - | €493 | +€493 | |
| Profit (loss) for the period before taxes | 9903 | -€2,926 | €14,455 | +€17,382 | |
| Profit (loss) for the period | 9904 | -€2,926 | €14,455 | +€17,382 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,926 | €14,455 | +€17,382 |
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.