WRITE ON TARGET: 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.
WRITE ON TARGET
Largest movements
- Cash -€2,273
down €2,273 (-39.4%), from €5,770 to €3,497
mainly Net result for the year (-€2,263) and Investment in fixed assets (net) (-€1,679)
- Tangible fixed assets +€1,679
up €1,679 (+21.3%), from €7,896 to €9,575
of which Furniture and vehicles: +€1,679
- Receivables within one year -€722
down €722 (-12.5%), from €5,764 to €5,042
of which Trade receivables: -€1,465
- Reserves -€29,493
down €29,493 (-83.1%), from €35,512 to €6,019
of which Distributable reserves: -€29,493
- Profit (loss) carried forward +€27,230
up €27,230 (+84.5%), from -€32,212 to -€4,981
- Other debts +€727
up €727 (+14.9%), from €4,869 to €5,597
- Trade debts +€210
up €210 (+4.3%), from €4,897 to €5,108
- Gross operating margin +€3,362
up €3,362 (+73.2%), from -€4,593 to -€1,231
- Depreciation -€2,504
no longer reported in 2024 (was €2,504)
- Taxes -€141
down €141 (-44.7%), from €314 to €174
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 | €19,429 | €18,114 | -€1,315 | -6.8% |
| Fixed assets | 21/28 | €7,896 | €9,575 | +€1,679 | +21.3% |
| Tangible fixed assets | 22/27 | €7,896 | €9,575 | +€1,679 | +21.3% |
| Land and buildings | 22 | €7,028 | €7,028 | = | 0.0% |
| Furniture and vehicles | 24 | €868 | €2,547 | +€1,679 | +193.6% |
| Current assets | 29/58 | €11,534 | €8,539 | -€2,995 | -26.0% |
| Amounts receivable within one year | 40/41 | €5,764 | €5,042 | -€722 | -12.5% |
| Trade receivables | 40 | €5,223 | €3,757 | -€1,465 | -28.1% |
| Other amounts receivable | 41 | €541 | €1,285 | +€744 | +137.4% |
| Cash at bank and in hand | 54/58 | €5,770 | €3,497 | -€2,273 | -39.4% |
| Total equity and liabilities | 10/49 | €19,429 | €18,114 | -€1,315 | -6.8% |
| Equity | 10/15 | €9,498 | €7,235 | -€2,263 | -23.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €35,512 | €6,019 | -€29,493 | -83.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,160 | €4,160 | = | 0.0% |
| Distributable reserves | 133 | €29,493 | - | -€29,493 | |
| Profit (loss) carried forward | 14 | -€32,212 | -€4,981 | +€27,230 | +84.5% |
| Amounts payable | 17/49 | €9,932 | €10,879 | +€947 | +9.5% |
| Amounts payable within one year | 42/48 | €9,932 | €10,879 | +€947 | +9.5% |
| Trade debts | 44 | €4,897 | €5,108 | +€210 | +4.3% |
| Suppliers | 440/4 | €4,897 | €5,108 | +€210 | +4.3% |
| Taxes, remuneration and social security | 45 | €165 | €174 | +€9 | +5.7% |
| Taxes | 450/3 | €165 | €174 | +€9 | +5.7% |
| Other amounts payable | 47/48 | €4,869 | €5,597 | +€727 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,504 | - | -€2,504 | |
| Other operating charges | 640/8 | €759 | €781 | +€22 | +3.0% |
| Gross operating margin | 9900 | -€4,593 | -€1,231 | +€3,362 | +73.2% |
| Operating profit (loss) | 9901 | -€7,856 | -€2,012 | +€5,844 | +74.4% |
| Financial charges | 65/66B | €98 | €77 | -€21 | -21.9% |
| Recurring financial charges | 65 | €72 | €77 | +€5 | +6.3% |
| Non-recurring financial charges | 66B | €26 | - | -€26 | |
| Profit (loss) for the period before taxes | 9903 | -€7,954 | -€2,089 | +€5,865 | +73.7% |
| Income taxes | 67/77 | €314 | €174 | -€141 | -44.7% |
| Profit (loss) for the period | 9904 | -€8,268 | -€2,263 | +€6,006 | +72.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,268 | -€2,263 | +€6,006 | +72.6% |
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 8 October 2026 via checked.be.