WE FYND: 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.
WE FYND
Largest movements
- Receivables within one year +€296,829
up €296,829 (+988%), from €30,039 to €326,868
of which Trade receivables: +€308,575
- Deferred charges and accrued income -€27,665
down €27,665 (-100%), from €27,665 to €0
- Intangible fixed assets -€24,906
down €24,906 (-33.7%), from €73,874 to €48,968
- Cash +€17,430
up €17,430 (+274%), from €6,360 to €23,790
mainly Net result for the year (+€186,730) and Other debts (+€73,193)
- Profit (loss) carried forward +€186,730
up €186,730 (+60.2%), from -€310,023 to -€123,293
- Other debts +€73,193
up €73,193 (+2,400%), from €3,050 to €76,243
- Trade debts -€49,581
down €49,581 (-26.0%), from €190,361 to €140,780
- Tax, wage and social debts +€46,794
up €46,794 (+434%), from €10,791 to €57,585
of which Taxes: +€57,274
- Gross operating margin +€424,920
up €424,920, from -€165,077 to €259,843
- Staff costs -€23,759
down €23,759 (-36.8%), from €64,539 to €40,780
- Depreciation +€12,526
up €12,526 (+72.9%), from €17,173 to €29,699
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 | €152,989 | €409,016 | +€256,027 | +167% |
| Formation expenses | 20 | €11,972 | €8,038 | -€3,933 | -32.9% |
| Fixed assets | 21/28 | €76,825 | €50,221 | -€26,604 | -34.6% |
| Intangible fixed assets | 21 | €73,874 | €48,968 | -€24,906 | -33.7% |
| Tangible fixed assets | 22/27 | €2,951 | €1,253 | -€1,699 | -57.6% |
| Plant, machinery and equipment | 23 | €2,951 | €1,253 | -€1,699 | -57.6% |
| Current assets | 29/58 | €64,193 | €350,757 | +€286,564 | +446% |
| Amounts receivable within one year | 40/41 | €30,039 | €326,868 | +€296,829 | +988% |
| Trade receivables | 40 | €18,241 | €326,816 | +€308,575 | +1,692% |
| Other amounts receivable | 41 | €11,798 | €52 | -€11,746 | -99.6% |
| Current investments | 50/53 | €129 | €99 | -€29 | -22.9% |
| Cash at bank and in hand | 54/58 | €6,360 | €23,790 | +€17,430 | +274% |
| Deferred charges and accrued income | 490/1 | €27,665 | €0 | -€27,665 | -100% |
| Total equity and liabilities | 10/49 | €152,989 | €409,016 | +€256,027 | +167% |
| Equity | 10/15 | -€87,773 | €98,957 | +€186,730 | |
| Contributions | 10/11 | €222,250 | €222,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€310,023 | -€123,293 | +€186,730 | +60.2% |
| Amounts payable | 17/49 | €240,762 | €310,059 | +€69,297 | +28.8% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Financial debts | 170/4 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €205,762 | €275,059 | +€69,297 | +33.7% |
| Financial debts | 43 | €1,561 | €452 | -€1,109 | -71.1% |
| Credit institutions | 430/8 | €1,561 | €452 | -€1,109 | -71.1% |
| Trade debts | 44 | €190,361 | €140,780 | -€49,581 | -26.0% |
| Suppliers | 440/4 | €190,361 | €140,780 | -€49,581 | -26.0% |
| Taxes, remuneration and social security | 45 | €10,791 | €57,585 | +€46,794 | +434% |
| Taxes | 450/3 | €310 | €57,585 | +€57,274 | +18,457% |
| Remuneration and social security | 454/9 | €10,480 | €0 | -€10,480 | -100% |
| Other amounts payable | 47/48 | €3,050 | €76,243 | +€73,193 | +2,400% |
| Remuneration, social security and pensions | 62 | €64,539 | €40,780 | -€23,759 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,173 | €29,699 | +€12,526 | +72.9% |
| Other operating charges | 640/8 | €623 | €933 | +€310 | +49.7% |
| Non-recurring operating charges | 66A | - | €389 | +€389 | |
| Gross operating margin | 9900 | -€165,077 | €259,843 | +€424,920 | |
| Operating profit (loss) | 9901 | -€247,412 | €188,042 | +€435,454 | |
| Financial income | 75/76B | €120 | €15 | -€104 | -87.2% |
| Recurring financial income | 75 | €120 | €15 | -€104 | -87.2% |
| Financial charges | 65/66B | €1,406 | €1,135 | -€272 | -19.3% |
| Recurring financial charges | 65 | €1,406 | €1,135 | -€272 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€248,699 | €186,923 | +€435,622 | |
| Income taxes | 67/77 | €266 | €193 | -€74 | -27.6% |
| Profit (loss) for the period | 9904 | -€248,965 | €186,730 | +€435,695 | |
| Profit (loss) for the period to be appropriated | 9905 | -€248,965 | €186,730 | +€435,695 |
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 15 October 2026 via checked.be.