TWO ONE THREE: 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.
TWO ONE THREE
Largest movements
- Receivables within one year +€56,954
up €56,954 (+73.8%), from €77,210 to €134,163
of which Other amounts receivable: +€67,733
- Intangible fixed assets +€8,167
new in 2024: €8,167
- Cash -€1,765
down €1,765 (-23.7%), from €7,462 to €5,697
mainly Receivables within one year (-€56,954) and Investment in fixed assets (net) (-€14,784)
- Tangible fixed assets +€1,674
up €1,674 (+15.7%), from €10,688 to €12,362
- Deferred charges and accrued income -€1,611
no longer reported in 2024 (was €1,611)
- Profit (loss) carried forward +€31,094
up €31,094 (+116%), from €26,758 to €57,851
- Tax, wage and social debts +€25,019
up €25,019 (+63.4%), from €39,493 to €64,512
of which Taxes: +€24,969
- Investment grants +€4,152
new in 2024: €4,152
- Contributions +€2,000
new in 2024: €2,000
- Gross operating margin -€22,632
down €22,632 (-31.8%), from €71,266 to €48,633
- Financial income +€5,794
new in 2024: €5,794
of which Non-recurring financial income: +€5,446
- Depreciation +€4,677
up €4,677 (+1,752%), from €267 to €4,944
- Other operating charges +€3,862
up €3,862 (+1,650%), from €234 to €4,096
- Financial charges +€1,058
up €1,058 (+511%), from €207 to €1,265
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 | €96,971 | €160,389 | +€63,418 | +65.4% |
| Fixed assets | 21/28 | €10,688 | €20,529 | +€9,841 | +92.1% |
| Intangible fixed assets | 21 | - | €8,167 | +€8,167 | |
| Tangible fixed assets | 22/27 | €10,688 | €12,362 | +€1,674 | +15.7% |
| Furniture and vehicles | 24 | €10,688 | €12,362 | +€1,674 | +15.7% |
| Current assets | 29/58 | €86,283 | €139,860 | +€53,577 | +62.1% |
| Amounts receivable within one year | 40/41 | €77,210 | €134,163 | +€56,954 | +73.8% |
| Trade receivables | 40 | €19,576 | €8,797 | -€10,779 | -55.1% |
| Other amounts receivable | 41 | €57,633 | €125,366 | +€67,733 | +118% |
| Cash at bank and in hand | 54/58 | €7,462 | €5,697 | -€1,765 | -23.7% |
| Deferred charges and accrued income | 490/1 | €1,611 | - | -€1,611 | |
| Total equity and liabilities | 10/49 | €96,971 | €160,389 | +€63,418 | +65.4% |
| Equity | 10/15 | €56,758 | €94,004 | +€37,246 | +65.6% |
| Contributions | 10/11 | - | €2,000 | +€2,000 | |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,758 | €57,851 | +€31,094 | +116% |
| Investment grants | 15 | - | €4,152 | +€4,152 | |
| Amounts payable | 17/49 | €40,213 | €66,385 | +€26,172 | +65.1% |
| Amounts payable within one year | 42/48 | €40,213 | €66,385 | +€26,172 | +65.1% |
| Trade debts | 44 | €720 | €1,873 | +€1,153 | +160% |
| Suppliers | 440/4 | €720 | €1,873 | +€1,153 | +160% |
| Taxes, remuneration and social security | 45 | €39,493 | €64,512 | +€25,019 | +63.4% |
| Taxes | 450/3 | €39,493 | €64,462 | +€24,969 | +63.2% |
| Remuneration and social security | 454/9 | - | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267 | €4,944 | +€4,677 | +1,752% |
| Other operating charges | 640/8 | €234 | €4,096 | +€3,862 | +1,650% |
| Gross operating margin | 9900 | €71,266 | €48,633 | -€22,632 | -31.8% |
| Operating profit (loss) | 9901 | €70,765 | €39,594 | -€31,171 | -44.0% |
| Financial income | 75/76B | - | €5,794 | +€5,794 | |
| Recurring financial income | 75 | - | €348 | +€348 | |
| Non-recurring financial income | 76B | - | €5,446 | +€5,446 | |
| Financial charges | 65/66B | €207 | €1,265 | +€1,058 | +511% |
| Recurring financial charges | 65 | €207 | €1,265 | +€1,058 | +511% |
| Profit (loss) for the period before taxes | 9903 | €70,558 | €44,123 | -€26,435 | -37.5% |
| Income taxes | 67/77 | €13,800 | €13,029 | -€771 | -5.6% |
| Profit (loss) for the period | 9904 | €56,758 | €31,094 | -€25,664 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,758 | €31,094 | -€25,664 | -45.2% |
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 17 October 2026 via checked.be.