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Two Impress: 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.

What changed

Two Impress

BE 0759.818.024
NACE 73.110, Advertising agencies
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€20,431
2023 · €7,699+€12,732
Equity
€36,438
2023 · €16,007+€20,431
Cash
€12,042
2023 · €11,630+€412
Balance sheet total
€100,964
2023 · €93,047+€7,918

Largest movements

2023 to 2024
Assets
  • Receivables within one year +€17,594

    up €17,594 (+134.8%), from €13,052 to €30,646

    of which Trade receivables: +€17,184

  • Tangible fixed assets -€7,399

    down €7,399 (-35.1%), from €21,063 to €13,664

    of which Furniture and vehicles: -€6,832

  • Intangible fixed assets -€4,418

    down €4,418 (-22.6%), from €19,571 to €15,153

Equity and liabilities
  • Reserves +€20,431

    up €20,431 (+185.6%), from €11,007 to €31,438

  • Debts after one year -€11,449

    down €11,449 (-40.2%), from €28,491 to €17,042

  • Trade debts -€7,890

    down €7,890 (-40.1%), from €19,689 to €11,799

  • Tax, wage and social debts +€6,275

    up €6,275 (+42.6%), from €14,725 to €21,000

    of which Taxes: +€6,275

Income statement
  • Gross operating margin +€5,632

    up €5,632 (+13.9%), from €40,561 to €46,193

  • Depreciation -€2,973

    down €2,973 (-19.4%), from €15,360 to €12,386

  • Financial charges +€1,209

    up €1,209 (+45.4%), from €2,665 to €3,874

  • Taxes -€1,016

    down €1,016 (-11.0%), from €9,262 to €8,246

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €7,699
Gross operating margin +€5,632
Staff costs -€24
Depreciation +€2,973
Other operating charges -€302
Other operating items +€4,653
Financial income -€6
Financial charges -€1,209
Taxes +€1,016
Result 2024 €20,431

Cash bridge derived

cash 2023 to 2024

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.

From operations +€11,698
Investment -€569
Financing -€10,718
Cash 2023 €11,630
Net result for the year +€20,431
Depreciation +€12,386
Stocks and contracts -€1,000
Receivables within one year -€17,594
Deferred charges and accrued income -€730
Trade debts -€7,890
Tax, wage and social debts +€6,275
Other debts -€63
Accrued charges and deferred income -€116
Investment in fixed assets (net) -€569
Debts after one year -€11,449
Current portion of long-term debt +€659
Short-term financial debts +€73
Cash 2024 €12,042
Every line side by side 52 lines
Line Code 2023 2024 Change %
Total assets 20/58 €93,047 €100,964 +€7,918 +8.5%
Fixed assets 21/28 €40,755 €28,937 -€11,817 -29.0%
Intangible fixed assets 21 €19,571 €15,153 -€4,418 -22.6%
Tangible fixed assets 22/27 €21,063 €13,664 -€7,399 -35.1%
Plant, machinery and equipment 23 €8,099 €7,532 -€567 -7.0%
Furniture and vehicles 24 €12,964 €6,132 -€6,832 -52.7%
Leasing and similar rights 25 €0 - =
Financial fixed assets 28 €120 €120 = 0.0%
Current assets 29/58 €52,292 €72,027 +€19,735 +37.7%
Amounts receivable after more than one year 29 €12,000 €12,000 = 0.0%
Other amounts receivable 291 €12,000 €12,000 = 0.0%
Stocks and contracts in progress 3 €15,000 €16,000 +€1,000 +6.7%
Contracts in progress 37 €15,000 €16,000 +€1,000 +6.7%
Amounts receivable within one year 40/41 €13,052 €30,646 +€17,594 +134.8%
Trade receivables 40 €13,052 €30,236 +€17,184 +131.7%
Other amounts receivable 41 - €410 +€410
Cash at bank and in hand 54/58 €11,630 €12,042 +€412 +3.5%
Deferred charges and accrued income 490/1 €610 €1,339 +€730 +119.7%
Total equity and liabilities 10/49 €93,047 €100,964 +€7,918 +8.5%
Equity 10/15 €16,007 €36,438 +€20,431 +127.6%
Contributions 10/11 €5,000 €5,000 = 0.0%
Reserves 13 €11,007 €31,438 +€20,431 +185.6%
Distributable reserves 133 €11,007 €31,438 +€20,431 +185.6%
Amounts payable 17/49 €77,039 €64,526 -€12,513 -16.2%
Amounts payable after more than one year 17 €28,491 €17,042 -€11,449 -40.2%
Financial debts 170/4 €28,491 €17,042 -€11,449 -40.2%
Amounts payable within one year 42/48 €48,432 €47,484 -€947 -2.0%
Current portion of amounts payable after more than one year 42 €10,791 €11,449 +€659 +6.1%
Financial debts 43 - €73 +€73
Credit institutions 430/8 - €73 +€73
Trade debts 44 €19,689 €11,799 -€7,890 -40.1%
Suppliers 440/4 €19,689 €11,799 -€7,890 -40.1%
Taxes, remuneration and social security 45 €14,725 €21,000 +€6,275 +42.6%
Taxes 450/3 €14,725 €21,000 +€6,275 +42.6%
Remuneration and social security 454/9 €0 - =
Other amounts payable 47/48 €3,227 €3,164 -€63 -2.0%
Accrued charges and deferred income 492/3 €116 €0 -€116 -100.0%
Non-recurring operating income 76A €0 €8,581 +€8,581
Remuneration, social security and pensions 62 - €24 +€24
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €15,360 €12,386 -€2,973 -19.4%
Other operating charges 640/8 €1,285 €1,588 +€302 +23.5%
Non-recurring operating charges 66A €4,653 €0 -€4,653 -100.0%
Gross operating margin 9900 €40,561 €46,193 +€5,632 +13.9%
Operating profit (loss) 9901 €19,264 €32,195 +€12,931 +67.1%
Financial income 75/76B €362 €355 -€6 -1.7%
Recurring financial income 75 €362 €355 -€6 -1.7%
Financial charges 65/66B €2,665 €3,874 +€1,209 +45.4%
Recurring financial charges 65 €2,665 €3,874 +€1,209 +45.4%
Profit (loss) for the period before taxes 9903 €16,960 €28,676 +€11,716 +69.1%
Income taxes 67/77 €9,262 €8,246 -€1,016 -11.0%
Profit (loss) for the period 9904 €7,699 €20,431 +€12,732 +165.4%
Profit (loss) for the period to be appropriated 9905 €7,699 €20,431 +€12,732 +165.4%

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 30 September 2026 via checked.be.