THE PROCUREMENT PROJECT: 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.
THE PROCUREMENT PROJECT
Largest movements
- Cash +€95,994
up €95,994 (+302.0%), from €31,781 to €127,774
mainly Net result for the year (+€84,019) and Tax, wage and social debts (+€23,076)
- Tangible fixed assets +€2,067
new in 2024: €2,067
- Profit (loss) carried forward +€84,019
up €84,019 (+248.2%), from €33,854 to €117,873
- Tax, wage and social debts +€23,076
up €23,076 (+113.1%), from €20,398 to €43,474
- Other debts -€11,678
down €11,678 (-98.1%), from €11,907 to €229
- Gross operating margin +€65,757
up €65,757 (+153.3%), from €42,895 to €108,652
- Taxes +€13,654
up €13,654 (+153.5%), from €8,896 to €22,551
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 | €69,817 | €166,219 | +€96,402 | +138.1% |
| Fixed assets | 21/28 | €200 | €2,267 | +€2,067 | +1033.6% |
| Tangible fixed assets | 22/27 | - | €2,067 | +€2,067 | |
| Furniture and vehicles | 24 | - | €2,067 | +€2,067 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €69,617 | €163,952 | +€94,334 | +135.5% |
| Amounts receivable within one year | 40/41 | €36,654 | €35,192 | -€1,462 | -4.0% |
| Trade receivables | 40 | €36,654 | €35,192 | -€1,462 | -4.0% |
| Cash at bank and in hand | 54/58 | €31,781 | €127,774 | +€95,994 | +302.0% |
| Deferred charges and accrued income | 490/1 | €1,182 | €985 | -€197 | -16.7% |
| Total equity and liabilities | 10/49 | €69,817 | €166,219 | +€96,402 | +138.1% |
| Equity | 10/15 | €35,854 | €119,873 | +€84,019 | +234.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,854 | €117,873 | +€84,019 | +248.2% |
| Amounts payable | 17/49 | €33,964 | €46,346 | +€12,382 | +36.5% |
| Amounts payable within one year | 42/48 | €33,964 | €46,346 | +€12,382 | +36.5% |
| Trade debts | 44 | €1,659 | €2,644 | +€984 | +59.3% |
| Suppliers | 440/4 | €1,659 | €2,644 | +€984 | +59.3% |
| Taxes, remuneration and social security | 45 | €20,398 | €43,474 | +€23,076 | +113.1% |
| Taxes | 450/3 | €20,398 | €43,474 | +€23,076 | +113.1% |
| Other amounts payable | 47/48 | €11,907 | €229 | -€11,678 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €573 | +€573 | |
| Other operating charges | 640/8 | - | €296 | +€296 | |
| Gross operating margin | 9900 | €42,895 | €108,652 | +€65,757 | +153.3% |
| Operating profit (loss) | 9901 | €42,895 | €107,782 | +€64,887 | +151.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +400.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +400.0% |
| Financial charges | 65/66B | €145 | €1,212 | +€1,067 | +736.5% |
| Recurring financial charges | 65 | €145 | €1,212 | +€1,067 | +736.5% |
| Profit (loss) for the period before taxes | 9903 | €42,750 | €106,570 | +€63,820 | +149.3% |
| Income taxes | 67/77 | €8,896 | €22,551 | +€13,654 | +153.5% |
| Profit (loss) for the period | 9904 | €33,854 | €84,019 | +€50,166 | +148.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,854 | €84,019 | +€50,166 | +148.2% |
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 3 October 2026 via checked.be.