VERTICAL SOLUTION: 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.
VERTICAL SOLUTION
Largest movements
- Cash +€22,331
up €22,331 (+133.0%), from €16,793 to €39,124
mainly Deferred charges and accrued income (+€12,042) and Depreciation (+€9,243)
- Deferred charges and accrued income -€12,042
down €12,042 (-42.9%), from €28,042 to €16,000
- Tangible fixed assets -€9,243
down €9,243 (-29.9%), from €30,954 to €21,711
of which Furniture and vehicles: -€9,243
- Receivables within one year +€1,888
up €1,888 (+7.7%), from €24,472 to €26,360
of which Other amounts receivable: +€5,414
- Trade debts +€3,723
up €3,723 (+255.6%), from €1,456 to €5,179
- Debts after one year -€3,425
down €3,425 (-36.8%), from €9,300 to €5,875
- Tax, wage and social debts +€2,974
up €2,974 (+93.7%), from €3,175 to €6,149
of which Taxes: +€6,149
- Taxes +€17,756
new in 2024: €17,756
- Gross operating margin +€9,999
up €9,999 (+30.8%), from €32,508 to €42,507
- Depreciation +€9,243
new in 2024: €9,243
- Financial charges +€2,651
up €2,651 (+122.4%), from €2,166 to €4,817
- Other operating charges -€1,421
down €1,421 (-57.7%), from €2,464 to €1,043
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 | €144,639 | €147,683 | +€3,044 | +2.1% |
| Fixed assets | 21/28 | €33,204 | €23,961 | -€9,243 | -27.8% |
| Tangible fixed assets | 22/27 | €30,954 | €21,711 | -€9,243 | -29.9% |
| Furniture and vehicles | 24 | €20,836 | €11,593 | -€9,243 | -44.4% |
| Leasing and similar rights | 25 | €10,118 | €10,118 | = | 0.0% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €111,435 | €123,722 | +€12,287 | +11.0% |
| Amounts receivable after more than one year | 29 | €42,127 | €42,237 | +€110 | +0.3% |
| Other amounts receivable | 291 | €42,127 | €42,237 | +€110 | +0.3% |
| Amounts receivable within one year | 40/41 | €24,472 | €26,360 | +€1,888 | +7.7% |
| Trade receivables | 40 | €17,492 | €13,967 | -€3,525 | -20.2% |
| Other amounts receivable | 41 | €6,980 | €12,394 | +€5,414 | +77.6% |
| Cash at bank and in hand | 54/58 | €16,793 | €39,124 | +€22,331 | +133.0% |
| Deferred charges and accrued income | 490/1 | €28,042 | €16,000 | -€12,042 | -42.9% |
| Total equity and liabilities | 10/49 | €144,639 | €147,683 | +€3,044 | +2.1% |
| Equity | 10/15 | €120,898 | €120,957 | +€59 | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,898 | €118,957 | +€59 | 0.0% |
| Amounts payable | 17/49 | €23,741 | €26,726 | +€2,985 | +12.6% |
| Amounts payable after more than one year | 17 | €9,300 | €5,875 | -€3,425 | -36.8% |
| Financial debts | 170/4 | €9,300 | €5,875 | -€3,425 | -36.8% |
| Amounts payable within one year | 42/48 | €14,441 | €20,851 | +€6,410 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €9,810 | €9,523 | -€286 | -2.9% |
| Trade debts | 44 | €1,456 | €5,179 | +€3,723 | +255.6% |
| Suppliers | 440/4 | €1,456 | €5,179 | +€3,723 | +255.6% |
| Taxes, remuneration and social security | 45 | €3,175 | €6,149 | +€2,974 | +93.7% |
| Taxes | 450/3 | - | €6,149 | +€6,149 | |
| Remuneration and social security | 454/9 | €3,175 | - | -€3,175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,243 | +€9,243 | |
| Other operating charges | 640/8 | €2,464 | €1,043 | -€1,421 | -57.7% |
| Non-recurring operating charges | 66A | - | €9,604 | +€9,604 | |
| Gross operating margin | 9900 | €32,508 | €42,507 | +€9,999 | +30.8% |
| Operating profit (loss) | 9901 | €30,044 | €22,617 | -€7,427 | -24.7% |
| Financial income | 75/76B | €1 | €15 | +€14 | +1780.2% |
| Recurring financial income | 75 | €1 | €15 | +€14 | +1780.2% |
| Financial charges | 65/66B | €2,166 | €4,817 | +€2,651 | +122.4% |
| Recurring financial charges | 65 | €2,166 | €4,817 | +€2,651 | +122.4% |
| Profit (loss) for the period before taxes | 9903 | €27,879 | €17,815 | -€10,064 | -36.1% |
| Income taxes | 67/77 | - | €17,756 | +€17,756 | |
| Profit (loss) for the period | 9904 | €27,879 | €59 | -€27,820 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,879 | €59 | -€27,820 | -99.8% |
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 5 October 2026 via checked.be.