TOO: 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.
TOO
Largest movements
- Receivables after one year -€156,700
down €156,700 (-75.8%), from €206,700 to €50,000
- Cash +€102,760
up €102,760 (+140.6%), from €73,065 to €175,825
mainly Net result for the year (+€191,724) and Receivables after one year (+€156,700)
- Deferred charges and accrued income -€5,524
no longer reported in 2024 (was €5,524)
- Tangible fixed assets -€4,395
down €4,395 (-37.3%), from €11,775 to €7,380
- Reserves -€61,571
down €61,571 (-21.7%), from €284,373 to €222,802
- Tax, wage and social debts +€5,477
up €5,477 (+60.9%), from €8,988 to €14,465
- Accrued charges and deferred income -€3,776
down €3,776 (-74.3%), from €5,080 to €1,304
- Trade debts -€3,557
down €3,557 (-82.2%), from €4,325 to €768
- Gross operating margin +€33,171
up €33,171 (+14.5%), from €228,078 to €261,249
- Taxes +€10,712
up €10,712 (+19.7%), from €54,344 to €65,055
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 | €315,266 | €252,042 | -€63,224 | -20.1% |
| Fixed assets | 21/28 | €11,775 | €7,380 | -€4,395 | -37.3% |
| Tangible fixed assets | 22/27 | €11,775 | €7,380 | -€4,395 | -37.3% |
| Furniture and vehicles | 24 | €11,775 | €7,380 | -€4,395 | -37.3% |
| Current assets | 29/58 | €303,490 | €244,662 | -€58,829 | -19.4% |
| Amounts receivable after more than one year | 29 | €206,700 | €50,000 | -€156,700 | -75.8% |
| Other amounts receivable | 291 | €206,700 | €50,000 | -€156,700 | -75.8% |
| Amounts receivable within one year | 40/41 | €18,201 | €18,837 | +€636 | +3.5% |
| Trade receivables | 40 | €13,034 | €16,392 | +€3,358 | +25.8% |
| Other amounts receivable | 41 | €5,167 | €2,445 | -€2,722 | -52.7% |
| Cash at bank and in hand | 54/58 | €73,065 | €175,825 | +€102,760 | +140.6% |
| Deferred charges and accrued income | 490/1 | €5,524 | - | -€5,524 | |
| Total equity and liabilities | 10/49 | €315,266 | €252,042 | -€63,224 | -20.1% |
| Equity | 10/15 | €296,873 | €235,302 | -€61,571 | -20.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €284,373 | €222,802 | -€61,571 | -21.7% |
| Distributable reserves | 133 | €284,373 | €222,802 | -€61,571 | -21.7% |
| Amounts payable | 17/49 | €18,393 | €16,740 | -€1,653 | -9.0% |
| Amounts payable within one year | 42/48 | €13,313 | €15,436 | +€2,123 | +15.9% |
| Trade debts | 44 | €4,325 | €768 | -€3,557 | -82.2% |
| Suppliers | 440/4 | €4,325 | €768 | -€3,557 | -82.2% |
| Taxes, remuneration and social security | 45 | €8,988 | €14,465 | +€5,477 | +60.9% |
| Taxes | 450/3 | €8,988 | €14,465 | +€5,477 | +60.9% |
| Other amounts payable | 47/48 | - | €203 | +€203 | |
| Accrued charges and deferred income | 492/3 | €5,080 | €1,304 | -€3,776 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,613 | €4,395 | +€1,782 | +68.2% |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Gross operating margin | 9900 | €228,078 | €261,249 | +€33,171 | +14.5% |
| Operating profit (loss) | 9901 | €225,465 | €256,788 | +€31,324 | +13.9% |
| Financial income | 75/76B | €156 | €1,226 | +€1,071 | +687.7% |
| Recurring financial income | 75 | €156 | €1,226 | +€1,071 | +687.7% |
| Financial charges | 65/66B | €827 | €1,236 | +€409 | +49.5% |
| Recurring financial charges | 65 | €827 | €1,236 | +€409 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €224,794 | €256,779 | +€31,985 | +14.2% |
| Income taxes | 67/77 | €54,344 | €65,055 | +€10,712 | +19.7% |
| Profit (loss) for the period | 9904 | €170,450 | €191,724 | +€21,273 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €170,450 | €191,724 | +€21,273 | +12.5% |
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 29 September 2026 via checked.be.