The Circular Hub: what changed
What changed
The Circular Hub
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
€8,676
2023 · €2,172+€6,504
Equity
€28,847
2023 · €20,171+€8,676
Cash
€143,914
2023 · €143,384+€530
Balance sheet total
€355,886
2023 · €222,817+€133,069
Largest movements
Assets
- Deferred charges and accrued income +€130,405
up €130,405 (+490,614%), from €27 to €130,432
Equity and liabilities
- Debts after one year +€134,173
up €134,173 (+860%), from €15,598 to €149,771
- Accrued charges and deferred income -€75,000
down €75,000 (-99.2%), from €75,600 to €600
- Current portion of long-term debt +€46,836
up €46,836 (+1,238%), from €3,783 to €50,619
- Short-term financial debts +€31,100
up €31,100 (+4,913%), from €633 to €31,733
- Trade debts -€16,025
down €16,025 (-16.1%), from €99,410 to €83,385
Income statement
- Gross operating margin +€16,416
up €16,416 (+177%), from €9,295 to €25,711
- Taxes +€5,729
up €5,729 (+173%), from €3,305 to €9,034
- Financial charges +€3,505
up €3,505 (+251%), from €1,395 to €4,900
- Depreciation +€884
up €884 (+46.3%), from €1,907 to €2,790
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
€2,172
Gross operating margin
+€16,416
Depreciation
-€884
Other operating charges
+€126
Financial income
+€80
Financial charges
-€3,505
Taxes
-€5,729
Result 2024
€8,676
raises the resultlowers the result
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
-€206,841
Investment
-€4,738
Financing
+€212,109
Cash 2023
€143,384
From operations (derived)
-€206,841
Net result for the year
+€8,676
Depreciation
+€2,790
Receivables within one year
-€185
Deferred charges and accrued income
-€130,405
Trade debts
-€16,025
Tax, wage and social debts
+€4,654
Other debts
-€1,345
Accrued charges and deferred income
-€75,000
Investment (derived)
-€4,738
Investment in fixed assets (net)
-€4,738
Financing
+€212,109
Debts after one year
+€134,173
Current portion of long-term debt
+€46,836
Short-term financial debts
+€31,100
Cash 2024
€143,914
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €222,817 | €355,886 | +€133,069 | +59.7% |
| Fixed assets | 21/28 | €8,650 | €10,598 | +€1,948 | +22.5% |
| Intangible fixed assets | 21 | €4,178 | €3,468 | -€710 | -17.0% |
| Tangible fixed assets | 22/27 | €4,472 | €7,131 | +€2,658 | +59.4% |
| Furniture and vehicles | 24 | €1,959 | €1,046 | -€914 | -46.6% |
| Other tangible fixed assets | 26 | €2,513 | €6,085 | +€3,572 | +142% |
| Current assets | 29/58 | €214,167 | €345,288 | +€131,121 | +61.2% |
| Amounts receivable within one year | 40/41 | €70,757 | €70,942 | +€185 | +0.3% |
| Trade receivables | 40 | €38,714 | €54,674 | +€15,960 | +41.2% |
| Other amounts receivable | 41 | €32,043 | €16,268 | -€15,775 | -49.2% |
| Cash at bank and in hand | 54/58 | €143,384 | €143,914 | +€530 | +0.4% |
| Deferred charges and accrued income | 490/1 | €27 | €130,432 | +€130,405 | +490,614% |
| Total equity and liabilities | 10/49 | €222,817 | €355,886 | +€133,069 | +59.7% |
| Equity | 10/15 | €20,171 | €28,847 | +€8,676 | +43.0% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,171 | €10,847 | +€8,676 | +400% |
| Amounts payable | 17/49 | €202,646 | €327,039 | +€124,393 | +61.4% |
| Amounts payable after more than one year | 17 | €15,598 | €149,771 | +€134,173 | +860% |
| Financial debts | 170/4 | €15,598 | €149,771 | +€134,173 | +860% |
| Amounts payable within one year | 42/48 | €111,448 | €176,668 | +€65,220 | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €3,783 | €50,619 | +€46,836 | +1,238% |
| Financial debts | 43 | €633 | €31,733 | +€31,100 | +4,913% |
| Credit institutions | 430/8 | €633 | €31,733 | +€31,100 | +4,913% |
| Trade debts | 44 | €99,410 | €83,385 | -€16,025 | -16.1% |
| Suppliers | 440/4 | €99,410 | €83,385 | -€16,025 | -16.1% |
| Advances received on contracts in progress | 46 | €720 | €720 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,577 | €9,231 | +€4,654 | +102% |
| Taxes | 450/3 | €4,577 | €9,231 | +€4,654 | +102% |
| Other amounts payable | 47/48 | €2,325 | €980 | -€1,345 | -57.8% |
| Accrued charges and deferred income | 492/3 | €75,600 | €600 | -€75,000 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,907 | €2,790 | +€884 | +46.3% |
| Other operating charges | 640/8 | €516 | €391 | -€126 | -24.3% |
| Gross operating margin | 9900 | €9,295 | €25,711 | +€16,416 | +177% |
| Operating profit (loss) | 9901 | €6,872 | €22,530 | +€15,658 | +228% |
| Financial income | 75/76B | €0 | €80 | +€80 | +796,000% |
| Recurring financial income | 75 | €0 | €80 | +€80 | +796,000% |
| Financial charges | 65/66B | €1,395 | €4,900 | +€3,505 | +251% |
| Recurring financial charges | 65 | €1,395 | €4,900 | +€3,505 | +251% |
| Profit (loss) for the period before taxes | 9903 | €5,477 | €17,710 | +€12,232 | +223% |
| Income taxes | 67/77 | €3,305 | €9,034 | +€5,729 | +173% |
| Profit (loss) for the period | 9904 | €2,172 | €8,676 | +€6,504 | +299% |
| Profit (loss) for the period to be appropriated | 9905 | €2,172 | €8,676 | +€6,504 | +299% |
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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 8 November 2026 via checked.be.