WORDSWORTH: 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.
WORDSWORTH
Largest movements
- Cash +€9,244
up €9,244 (+46.6%), from €19,842 to €29,086
mainly Receivables within one year (+€5,996) and Net result for the year (+€3,679)
- Receivables within one year -€5,996
down €5,996 (-63.2%), from €9,484 to €3,488
of which Trade receivables: -€9,420
- Tangible fixed assets +€1,625
up €1,625 (+111.9%), from €1,452 to €3,077
of which Furniture and vehicles: +€2,333
- Profit (loss) carried forward +€3,679
up €3,679 (+11322.0%), from €32 to €3,711
- Trade debts +€3,478
up €3,478 (+10557.1%), from €33 to €3,510
- Tax, wage and social debts -€2,283
down €2,283 (-71.5%), from €3,191 to €908
- Gross operating margin +€7,641
up €7,641, from -€2,122 to €5,519
- Write-downs -€970
no longer reported in 2024 (was €970)
- Taxes +€678
up €678 (+5165.3%), from €13 to €691
- Depreciation +€117
up €117 (+16.5%), from €708 to €825
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 | €30,778 | €35,651 | +€4,873 | +15.8% |
| Fixed assets | 21/28 | €1,452 | €3,077 | +€1,625 | +111.9% |
| Tangible fixed assets | 22/27 | €1,452 | €3,077 | +€1,625 | +111.9% |
| Plant, machinery and equipment | 23 | €1,452 | €744 | -€708 | -48.8% |
| Furniture and vehicles | 24 | - | €2,333 | +€2,333 | |
| Current assets | 29/58 | €29,326 | €32,574 | +€3,248 | +11.1% |
| Amounts receivable within one year | 40/41 | €9,484 | €3,488 | -€5,996 | -63.2% |
| Trade receivables | 40 | €9,484 | €64 | -€9,420 | -99.3% |
| Other amounts receivable | 41 | - | €3,424 | +€3,424 | |
| Cash at bank and in hand | 54/58 | €19,842 | €29,086 | +€9,244 | +46.6% |
| Total equity and liabilities | 10/49 | €30,778 | €35,651 | +€4,873 | +15.8% |
| Equity | 10/15 | €27,554 | €31,233 | +€3,679 | +13.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €21,324 | €21,324 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €19,465 | €19,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32 | €3,711 | +€3,679 | +11322.0% |
| Amounts payable | 17/49 | €3,224 | €4,419 | +€1,195 | +37.1% |
| Amounts payable within one year | 42/48 | €3,224 | €4,419 | +€1,195 | +37.1% |
| Trade debts | 44 | €33 | €3,510 | +€3,478 | +10557.1% |
| Suppliers | 440/4 | €33 | €3,510 | +€3,478 | +10557.1% |
| Taxes, remuneration and social security | 45 | €3,191 | €908 | -€2,283 | -71.5% |
| Taxes | 450/3 | €3,191 | €908 | -€2,283 | -71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €708 | €825 | +€117 | +16.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €970 | - | -€970 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€2,122 | €5,519 | +€7,641 | |
| Operating profit (loss) | 9901 | -€4,185 | €4,306 | +€8,491 | |
| Financial income | 75/76B | €45 | €79 | +€33 | +73.5% |
| Recurring financial income | 75 | €45 | €79 | +€33 | +73.5% |
| Financial charges | 65/66B | - | €15 | +€15 | |
| Recurring financial charges | 65 | - | €15 | +€15 | |
| Profit (loss) for the period before taxes | 9903 | -€4,139 | €4,369 | +€8,508 | |
| Income taxes | 67/77 | €13 | €691 | +€678 | +5165.3% |
| Profit (loss) for the period | 9904 | -€4,152 | €3,679 | +€7,831 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,152 | €3,679 | +€7,831 |
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.