Upcast: 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.
Upcast
Largest movements
- Cash +€42,570
up €42,570 (+60.3%), from €70,613 to €113,182
mainly Net result for the year (+€43,295) and Receivables within one year (+€25,025)
- Receivables within one year -€25,025
down €25,025 (-87.3%), from €28,663 to €3,638
of which Trade receivables: -€28,646
- Deferred charges and accrued income -€2,463
down €2,463 (-30.5%), from €8,086 to €5,623
- Tangible fixed assets +€1,737
up €1,737 (+557.2%), from €312 to €2,049
- Profit (loss) carried forward +€43,295
new in 2024: €43,295
- Tax, wage and social debts -€27,070
down €27,070 (-76.8%), from €35,228 to €8,159
- Gross operating margin -€43,215
down €43,215 (-43.5%), from €99,271 to €56,056
- Taxes -€15,817
down €15,817 (-57.1%), from €27,718 to €11,901
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 | €107,674 | €124,492 | +€16,819 | +15.6% |
| Fixed assets | 21/28 | €312 | €2,049 | +€1,737 | +557.2% |
| Tangible fixed assets | 22/27 | €312 | €2,049 | +€1,737 | +557.2% |
| Furniture and vehicles | 24 | €312 | €2,049 | +€1,737 | +557.2% |
| Current assets | 29/58 | €107,362 | €122,443 | +€15,081 | +14.0% |
| Amounts receivable within one year | 40/41 | €28,663 | €3,638 | -€25,025 | -87.3% |
| Trade receivables | 40 | €28,646 | €0 | -€28,646 | -100.0% |
| Other amounts receivable | 41 | €17 | €3,638 | +€3,621 | +21051.6% |
| Cash at bank and in hand | 54/58 | €70,613 | €113,182 | +€42,570 | +60.3% |
| Deferred charges and accrued income | 490/1 | €8,086 | €5,623 | -€2,463 | -30.5% |
| Total equity and liabilities | 10/49 | €107,674 | €124,492 | +€16,819 | +15.6% |
| Equity | 10/15 | €71,825 | €115,120 | +€43,295 | +60.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €70,825 | €70,825 | = | 0.0% |
| Distributable reserves | 133 | €70,825 | €70,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €43,295 | +€43,295 | |
| Amounts payable | 17/49 | €35,848 | €9,373 | -€26,476 | -73.9% |
| Amounts payable within one year | 42/48 | €35,848 | €9,373 | -€26,476 | -73.9% |
| Trade debts | 44 | €620 | €1,214 | +€594 | +95.7% |
| Suppliers | 440/4 | €620 | €1,214 | +€594 | +95.7% |
| Taxes, remuneration and social security | 45 | €35,228 | €8,159 | -€27,070 | -76.8% |
| Taxes | 450/3 | €35,228 | €8,159 | -€27,070 | -76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117 | €412 | +€295 | +251.7% |
| Other operating charges | 640/8 | €408 | €379 | -€28 | -7.0% |
| Gross operating margin | 9900 | €99,271 | €56,056 | -€43,215 | -43.5% |
| Operating profit (loss) | 9901 | €98,746 | €55,265 | -€43,481 | -44.0% |
| Financial charges | 65/66B | €203 | €69 | -€134 | -66.0% |
| Recurring financial charges | 65 | €203 | €69 | -€134 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | €98,543 | €55,196 | -€43,347 | -44.0% |
| Income taxes | 67/77 | €27,718 | €11,901 | -€15,817 | -57.1% |
| Profit (loss) for the period | 9904 | €70,825 | €43,295 | -€27,530 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,825 | €43,295 | -€27,530 | -38.9% |
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 1 October 2026 via checked.be.