TRANSFORMATION MINDSET: 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.
TRANSFORMATION MINDSET
Largest movements
- Cash +€434
up €434 (+566.3%), from €77 to €510
mainly Tax, wage and social debts (+€8,097) and Trade debts (+€1,367)
- Other debts -€10,000
no longer reported in 2024 (was €10,000)
- Tax, wage and social debts +€8,097
up €8,097 (+140.4%), from €5,765 to €13,863
- Trade debts +€1,367
up €1,367 (+86.3%), from €1,583 to €2,950
- Reserves +€721
up €721 (+5.5%), from €13,150 to €13,871
- Gross operating margin -€29,836
down €29,836 (-98.0%), from €30,460 to €623
- Taxes -€4,868
down €4,868 (-93.9%), from €5,184 to €316
- Financial charges -€2,077
down €2,077 (-92.1%), from €2,256 to €179
- Financial income +€629
up €629 (+80.2%), from €784 to €1,413
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 | €33,499 | €33,684 | +€185 | +0.6% |
| Current assets | 29/58 | €33,499 | €33,684 | +€185 | +0.6% |
| Amounts receivable within one year | 40/41 | €33,422 | €33,174 | -€249 | -0.7% |
| Trade receivables | 40 | €3,060 | €437 | -€2,623 | -85.7% |
| Other amounts receivable | 41 | €30,362 | €32,737 | +€2,375 | +7.8% |
| Cash at bank and in hand | 54/58 | €77 | €510 | +€434 | +566.3% |
| Total equity and liabilities | 10/49 | €33,499 | €33,684 | +€185 | +0.6% |
| Equity | 10/15 | €16,150 | €16,871 | +€721 | +4.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,150 | €13,871 | +€721 | +5.5% |
| Distributable reserves | 133 | €13,150 | €13,871 | +€721 | +5.5% |
| Amounts payable | 17/49 | €17,349 | €16,813 | -€536 | -3.1% |
| Amounts payable within one year | 42/48 | €17,349 | €16,813 | -€536 | -3.1% |
| Trade debts | 44 | €1,583 | €2,950 | +€1,367 | +86.3% |
| Suppliers | 440/4 | €1,583 | €2,950 | +€1,367 | +86.3% |
| Taxes, remuneration and social security | 45 | €5,765 | €13,863 | +€8,097 | +140.4% |
| Taxes | 450/3 | €5,765 | €13,863 | +€8,097 | +140.4% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Other operating charges | 640/8 | €654 | €820 | +€167 | +25.5% |
| Gross operating margin | 9900 | €30,460 | €623 | -€29,836 | -98.0% |
| Operating profit (loss) | 9901 | €29,806 | -€197 | -€30,003 | |
| Financial income | 75/76B | €784 | €1,413 | +€629 | +80.2% |
| Recurring financial income | 75 | €784 | €1,413 | +€629 | +80.2% |
| Financial charges | 65/66B | €2,256 | €179 | -€2,077 | -92.1% |
| Recurring financial charges | 65 | €2,256 | €179 | -€2,077 | -92.1% |
| Profit (loss) for the period before taxes | 9903 | €28,334 | €1,037 | -€27,297 | -96.3% |
| Income taxes | 67/77 | €5,184 | €316 | -€4,868 | -93.9% |
| Profit (loss) for the period | 9904 | €23,150 | €721 | -€22,430 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,150 | €721 | -€22,430 | -96.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.