THE ONLY ONE: 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.
THE ONLY ONE
Largest movements
- Receivables within one year +€26,347
up €26,347 (+76.9%), from €34,252 to €60,600
of which Trade receivables: +€24,037
- Stocks and contracts +€17,002
up €17,002 (+27.0%), from €62,902 to €79,904
- Tangible fixed assets -€4,481
down €4,481 (-53.5%), from €8,382 to €3,900
of which Furniture and vehicles: -€3,890
- Cash +€1,730
up €1,730 (+28.6%), from €6,056 to €7,786
mainly Advances received (+€19,079) and Other debts (+€17,002)
- Advances received +€19,079
up €19,079 (+113%), from €16,915 to €35,994
- Other debts +€17,002
up €17,002 (+48.6%), from €35,006 to €52,008
- Trade debts +€4,168
up €4,168 (+21.4%), from €19,463 to €23,631
- Gross operating margin -€488
down €488 (-7.0%), from €6,976 to €6,488
- Depreciation -€481
down €481 (-9.7%), from €4,963 to €4,481
- Other operating charges -€143
down €143 (-10.8%), from €1,330 to €1,187
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 | €117,905 | €158,659 | +€40,754 | +34.6% |
| Fixed assets | 21/28 | €14,682 | €10,200 | -€4,481 | -30.5% |
| Tangible fixed assets | 22/27 | €8,382 | €3,900 | -€4,481 | -53.5% |
| Plant, machinery and equipment | 23 | €934 | €343 | -€591 | -63.3% |
| Furniture and vehicles | 24 | €7,448 | €3,558 | -€3,890 | -52.2% |
| Financial fixed assets | 28 | €6,300 | €6,300 | = | 0.0% |
| Current assets | 29/58 | €103,223 | €148,459 | +€45,235 | +43.8% |
| Stocks and contracts in progress | 3 | €62,902 | €79,904 | +€17,002 | +27.0% |
| Stocks | 30/36 | €62,902 | €79,904 | +€17,002 | +27.0% |
| Amounts receivable within one year | 40/41 | €34,252 | €60,600 | +€26,347 | +76.9% |
| Trade receivables | 40 | €32,130 | €56,167 | +€24,037 | +74.8% |
| Other amounts receivable | 41 | €2,123 | €4,433 | +€2,310 | +109% |
| Cash at bank and in hand | 54/58 | €6,056 | €7,786 | +€1,730 | +28.6% |
| Deferred charges and accrued income | 490/1 | €13 | €169 | +€157 | +1,226% |
| Total equity and liabilities | 10/49 | €117,905 | €158,659 | +€40,754 | +34.6% |
| Equity | 10/15 | €46,152 | €46,335 | +€182 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,703 | €24,885 | +€182 | +0.7% |
| Distributable reserves | 133 | €24,703 | €24,885 | +€182 | +0.7% |
| Profit (loss) carried forward | 14 | €2,849 | €2,849 | = | 0.0% |
| Amounts payable | 17/49 | €71,753 | €112,324 | +€40,571 | +56.5% |
| Amounts payable within one year | 42/48 | €71,737 | €112,324 | +€40,587 | +56.6% |
| Trade debts | 44 | €19,463 | €23,631 | +€4,168 | +21.4% |
| Suppliers | 440/4 | €19,463 | €23,631 | +€4,168 | +21.4% |
| Advances received on contracts in progress | 46 | €16,915 | €35,994 | +€19,079 | +113% |
| Taxes, remuneration and social security | 45 | €352 | €690 | +€338 | +95.9% |
| Taxes | 450/3 | €352 | €690 | +€338 | +95.9% |
| Other amounts payable | 47/48 | €35,006 | €52,008 | +€17,002 | +48.6% |
| Accrued charges and deferred income | 492/3 | €16 | - | -€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,963 | €4,481 | -€481 | -9.7% |
| Other operating charges | 640/8 | €1,330 | €1,187 | -€143 | -10.8% |
| Gross operating margin | 9900 | €6,976 | €6,488 | -€488 | -7.0% |
| Operating profit (loss) | 9901 | €683 | €820 | +€136 | +19.9% |
| Financial income | 75/76B | €28 | €1 | -€27 | -95.5% |
| Recurring financial income | 75 | €28 | €1 | -€27 | -95.5% |
| Financial charges | 65/66B | €341 | €301 | -€40 | -11.8% |
| Recurring financial charges | 65 | €341 | €301 | -€40 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €371 | €520 | +€149 | +40.2% |
| Income taxes | 67/77 | €352 | €338 | -€15 | -4.1% |
| Profit (loss) for the period | 9904 | €19 | €182 | +€164 | +876% |
| Profit (loss) for the period to be appropriated | 9905 | €19 | €182 | +€164 | +876% |
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 20 October 2026 via checked.be.