WORKING TEAM: 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.
WORKING TEAM
Largest movements
- Cash +€114,541
up €114,541 (+1548.9%), from €7,395 to €121,937
mainly Net result for the year (+€100,887) and Debts after one year (+€50,000)
- Receivables within one year -€17,904
down €17,904 (-7.4%), from €243,312 to €225,408
of which Trade receivables: -€28,929
- Profit (loss) carried forward +€50,887
up €50,887 (+32.3%), from €157,379 to €208,266
- Debts after one year +€50,000
new in 2024: €50,000
- Trade debts -€29,758
down €29,758 (-88.4%), from €33,664 to €3,906
- Other debts +€25,491
up €25,491 (+145.9%), from €17,467 to €42,958
- Turnover +€315,078
new in 2024: €315,078
- Purchases and services +€213,871
new in 2024: €213,871
- Gross operating margin +€22,835
up €22,835 (+27.4%), from €83,286 to €106,120
- Taxes -€7,270
down €7,270 (-33.1%), from €21,990 to €14,721
- Financial income +€6,323
up €6,323 (+96.8%), from €6,534 to €12,857
of which Financial income: +€6,323
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 | €255,101 | €351,804 | +€96,703 | +37.9% |
| Current assets | 29/58 | €255,101 | €351,804 | +€96,703 | +37.9% |
| Stocks and contracts in progress | 3 | €1,850 | €2,009 | +€159 | +8.6% |
| Stocks | 30/36 | €1,850 | €2,009 | +€159 | +8.6% |
| Amounts receivable within one year | 40/41 | €243,312 | €225,408 | -€17,904 | -7.4% |
| Trade receivables | 40 | €36,691 | €7,762 | -€28,929 | -78.8% |
| Other amounts receivable | 41 | €206,621 | €217,646 | +€11,026 | +5.3% |
| Cash at bank and in hand | 54/58 | €7,395 | €121,937 | +€114,541 | +1548.9% |
| Deferred charges and accrued income | 490/1 | €2,544 | €2,450 | -€94 | -3.7% |
| Total equity and liabilities | 10/49 | €255,101 | €351,804 | +€96,703 | +37.9% |
| Equity | 10/15 | €165,439 | €216,326 | +€50,887 | +30.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €157,379 | €208,266 | +€50,887 | +32.3% |
| Amounts payable | 17/49 | €89,662 | €135,478 | +€45,816 | +51.1% |
| Amounts payable after more than one year | 17 | - | €50,000 | +€50,000 | |
| Other amounts payable | 178/9 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €89,662 | €85,478 | -€4,184 | -4.7% |
| Trade debts | 44 | €33,664 | €3,906 | -€29,758 | -88.4% |
| Suppliers | 440/4 | €33,664 | €3,906 | -€29,758 | -88.4% |
| Taxes, remuneration and social security | 45 | €38,531 | €38,615 | +€84 | +0.2% |
| Taxes | 450/3 | €38,531 | €38,615 | +€84 | +0.2% |
| Other amounts payable | 47/48 | €17,467 | €42,958 | +€25,491 | +145.9% |
| Turnover | 70 | - | €315,078 | +€315,078 | |
| Non-recurring operating income | 76A | €4,042 | €3,810 | -€232 | -5.7% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €213,871 | +€213,871 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167 | - | -€167 | |
| Other operating charges | 640/8 | €3,104 | €1,088 | -€2,016 | -65.0% |
| Non-recurring operating charges | 66A | - | €15 | +€15 | |
| Gross operating margin | 9900 | €83,286 | €106,120 | +€22,835 | +27.4% |
| Operating profit (loss) | 9901 | €80,015 | €105,018 | +€25,003 | +31.2% |
| Financial income | 75/76B | €6,534 | €12,857 | +€6,323 | +96.8% |
| Recurring financial income | 75 | €6,534 | €12,856 | +€6,323 | +96.8% |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,377 | €2,267 | -€110 | -4.6% |
| Recurring financial charges | 65 | €2,377 | €2,267 | -€110 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €84,171 | €115,607 | +€31,436 | +37.3% |
| Income taxes | 67/77 | €21,990 | €14,721 | -€7,270 | -33.1% |
| Profit (loss) for the period | 9904 | €62,180 | €100,887 | +€38,706 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,180 | €100,887 | +€38,706 | +62.2% |
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 7 October 2026 via checked.be.