THEOREM: 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.
THEOREM
Largest movements
- Receivables within one year +€6,102
up €6,102 (+258%), from €2,362 to €8,463
- Tangible fixed assets -€2,886
down €2,886 (-4.1%), from €70,881 to €67,996
- Cash -€2,473
down €2,473 (-30.7%), from €8,063 to €5,590
mainly Trade debts (-€7,560) and Receivables within one year (-€6,102)
- Deferred charges and accrued income +€1,073
new in 2024: €1,073
- Reserves +€12,826
up €12,826 (+45.8%), from €27,990 to €40,816
of which Distributable reserves: +€12,826
- Trade debts -€7,560
down €7,560 (-99.1%), from €7,626 to €66
- Tax, wage and social debts -€1,567
down €1,567 (-14.0%), from €11,193 to €9,626
- Other debts -€1,412
down €1,412 (-5.1%), from €27,750 to €26,338
- Gross operating margin +€676
up €676 (+2.6%), from €25,572 to €26,248
- Other operating charges +€417
up €417 (+12.0%), from €3,478 to €3,896
- Financial charges +€282
up €282 (+280%), from €101 to €383
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 | €81,306 | €83,122 | +€1,816 | +2.2% |
| Fixed assets | 21/28 | €70,881 | €67,996 | -€2,886 | -4.1% |
| Tangible fixed assets | 22/27 | €70,881 | €67,996 | -€2,886 | -4.1% |
| Land and buildings | 22 | €70,881 | €67,996 | -€2,886 | -4.1% |
| Current assets | 29/58 | €10,424 | €15,127 | +€4,702 | +45.1% |
| Amounts receivable within one year | 40/41 | €2,362 | €8,463 | +€6,102 | +258% |
| Other amounts receivable | 41 | €2,362 | €8,463 | +€6,102 | +258% |
| Cash at bank and in hand | 54/58 | €8,063 | €5,590 | -€2,473 | -30.7% |
| Deferred charges and accrued income | 490/1 | - | €1,073 | +€1,073 | |
| Total equity and liabilities | 10/49 | €81,306 | €83,122 | +€1,816 | +2.2% |
| Equity | 10/15 | €34,267 | €47,093 | +€12,826 | +37.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €27,990 | €40,816 | +€12,826 | +45.8% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €26,090 | €38,916 | +€12,826 | +49.2% |
| Profit (loss) carried forward | 14 | €80 | €80 | = | 0.0% |
| Amounts payable | 17/49 | €47,039 | €36,029 | -€11,009 | -23.4% |
| Amounts payable within one year | 42/48 | €46,568 | €36,029 | -€10,539 | -22.6% |
| Trade debts | 44 | €7,626 | €66 | -€7,560 | -99.1% |
| Suppliers | 440/4 | €7,626 | €66 | -€7,560 | -99.1% |
| Taxes, remuneration and social security | 45 | €11,193 | €9,626 | -€1,567 | -14.0% |
| Taxes | 450/3 | €11,193 | €9,626 | -€1,567 | -14.0% |
| Other amounts payable | 47/48 | €27,750 | €26,338 | -€1,412 | -5.1% |
| Accrued charges and deferred income | 492/3 | €470 | - | -€470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,886 | €2,886 | = | 0.0% |
| Other operating charges | 640/8 | €3,478 | €3,896 | +€417 | +12.0% |
| Gross operating margin | 9900 | €25,572 | €26,248 | +€676 | +2.6% |
| Operating profit (loss) | 9901 | €19,208 | €19,467 | +€259 | +1.3% |
| Financial charges | 65/66B | €101 | €383 | +€282 | +280% |
| Recurring financial charges | 65 | €101 | €383 | +€282 | +280% |
| Profit (loss) for the period before taxes | 9903 | €19,107 | €19,084 | -€23 | -0.1% |
| Income taxes | 67/77 | €6,417 | €6,258 | -€159 | -2.5% |
| Profit (loss) for the period | 9904 | €12,690 | €12,826 | +€136 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,690 | €12,826 | +€136 | +1.1% |
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 15 October 2026 via checked.be.