YOU ARE WELCOME: 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.
YOU ARE WELCOME
Largest movements
- Receivables within one year +€192,328
up €192,328 (+296%), from €64,942 to €257,271
of which Other amounts receivable: +€167,328
- Tangible fixed assets -€14,447
down €14,447 (-9.5%), from €151,623 to €137,176
of which Furniture and vehicles: -€11,067
- Cash -€7,848
down €7,848 (-45.3%), from €17,341 to €9,493
mainly Contributions, distributions and other (-€204,746) and Receivables within one year (-€192,328)
- Other debts +€314,265
up €314,265 (+11,813%), from €2,660 to €316,925
- Reserves -€136,076
down €136,076 (-72.2%), from €188,412 to €52,336
- Debts after one year -€16,843
down €16,843 (-14.9%), from €112,765 to €95,921
- Tax, wage and social debts +€12,020
up €12,020 (+190%), from €6,320 to €18,340
- Gross operating margin +€60,177
up €60,177 (+123%), from €48,987 to €109,164
- Taxes +€12,720
up €12,720 (+102%), from €12,514 to €25,234
- Financial charges +€5,462
up €5,462 (+521%), from €1,048 to €6,510
- Financial income +€5,142
up €5,142 (+312%), from €1,646 to €6,788
- Depreciation +€3,186
up €3,186 (+28.3%), from €11,261 to €14,447
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 | €340,166 | €510,205 | +€170,039 | +50.0% |
| Fixed assets | 21/28 | €257,773 | €243,326 | -€14,447 | -5.6% |
| Tangible fixed assets | 22/27 | €151,623 | €137,176 | -€14,447 | -9.5% |
| Land and buildings | 22 | €119,218 | €115,838 | -€3,380 | -2.8% |
| Furniture and vehicles | 24 | €32,405 | €21,338 | -€11,067 | -34.2% |
| Financial fixed assets | 28 | €106,150 | €106,150 | = | 0.0% |
| Current assets | 29/58 | €82,393 | €266,879 | +€184,486 | +224% |
| Amounts receivable within one year | 40/41 | €64,942 | €257,271 | +€192,328 | +296% |
| Trade receivables | 40 | €20,000 | €45,000 | +€25,000 | +125% |
| Other amounts receivable | 41 | €44,942 | €212,271 | +€167,328 | +372% |
| Cash at bank and in hand | 54/58 | €17,341 | €9,493 | -€7,848 | -45.3% |
| Deferred charges and accrued income | 490/1 | €110 | €116 | +€6 | +5.5% |
| Total equity and liabilities | 10/49 | €340,166 | €510,205 | +€170,039 | +50.0% |
| Equity | 10/15 | €194,612 | €58,536 | -€136,076 | -69.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €188,412 | €52,336 | -€136,076 | -72.2% |
| Distributable reserves | 133 | €188,412 | €52,336 | -€136,076 | -72.2% |
| Amounts payable | 17/49 | €145,554 | €451,669 | +€306,116 | +210% |
| Amounts payable after more than one year | 17 | €112,765 | €95,921 | -€16,843 | -14.9% |
| Financial debts | 170/4 | €112,765 | €95,921 | -€16,843 | -14.9% |
| Amounts payable within one year | 42/48 | €32,789 | €355,748 | +€322,959 | +985% |
| Current portion of amounts payable after more than one year | 42 | €19,662 | €20,239 | +€577 | +2.9% |
| Trade debts | 44 | €4,146 | €244 | -€3,902 | -94.1% |
| Suppliers | 440/4 | €4,146 | €244 | -€3,902 | -94.1% |
| Taxes, remuneration and social security | 45 | €6,320 | €18,340 | +€12,020 | +190% |
| Taxes | 450/3 | €6,320 | €18,340 | +€12,020 | +190% |
| Other amounts payable | 47/48 | €2,660 | €316,925 | +€314,265 | +11,813% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,261 | €14,447 | +€3,186 | +28.3% |
| Other operating charges | 640/8 | €732 | €1,091 | +€358 | +49.0% |
| Gross operating margin | 9900 | €48,987 | €109,164 | +€60,177 | +123% |
| Operating profit (loss) | 9901 | €36,994 | €93,627 | +€56,633 | +153% |
| Financial income | 75/76B | €1,646 | €6,788 | +€5,142 | +312% |
| Recurring financial income | 75 | €1,646 | €6,788 | +€5,142 | +312% |
| Financial charges | 65/66B | €1,048 | €6,510 | +€5,462 | +521% |
| Recurring financial charges | 65 | €1,048 | €6,510 | +€5,462 | +521% |
| Profit (loss) for the period before taxes | 9903 | €37,592 | €93,904 | +€56,313 | +150% |
| Income taxes | 67/77 | €12,514 | €25,234 | +€12,720 | +102% |
| Profit (loss) for the period | 9904 | €25,077 | €68,670 | +€43,593 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €25,077 | €68,670 | +€43,593 | +174% |
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 25 October 2026 via checked.be.