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.
PA-PRINT
Largest movements
- Receivables within one year +€48,364
up €48,364 (+162.4%), from €29,778 to €78,142
of which Trade receivables: +€48,364
- Cash +€12,149
up €12,149 (+12.8%), from €94,976 to €107,125
mainly Trade debts (+€51,171) and Depreciation (+€13,591)
- Tangible fixed assets -€6,690
down €6,690 (-10.1%), from €66,563 to €59,873
of which Furniture and vehicles: -€5,170
- Trade debts +€51,171
up €51,171 (+113.0%), from €45,292 to €96,463
- Debts after one year -€8,919
down €8,919 (-13.5%), from €65,959 to €57,040
- Tax, wage and social debts +€8,101
up €8,101 (+21.6%), from €37,489 to €45,590
of which Taxes: +€4,579
- Profit (loss) carried forward +€4,037
up €4,037 (+17.1%), from €23,656 to €27,693
- Staff costs +€27,234
up €27,234 (+89.2%), from €30,516 to €57,750
- Gross operating margin +€9,093
up €9,093 (+12.5%), from €72,967 to €82,060
- Other operating charges -€5,820
down €5,820 (-59.8%), from €9,728 to €3,908
- Depreciation -€2,563
down €2,563 (-15.9%), from €16,154 to €13,591
- Taxes -€2,299
down €2,299 (-51.3%), from €4,484 to €2,185
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 | €191,556 | €245,408 | +€53,852 | +28.1% |
| Fixed assets | 21/28 | €66,563 | €59,873 | -€6,690 | -10.1% |
| Tangible fixed assets | 22/27 | €66,563 | €59,873 | -€6,690 | -10.1% |
| Land and buildings | 22 | €48,378 | €46,046 | -€2,332 | -4.8% |
| Plant, machinery and equipment | 23 | €8,920 | €10,136 | +€1,216 | +13.6% |
| Furniture and vehicles | 24 | €8,088 | €2,918 | -€5,170 | -63.9% |
| Other tangible fixed assets | 26 | €1,177 | €772 | -€404 | -34.4% |
| Current assets | 29/58 | €124,993 | €185,534 | +€60,541 | +48.4% |
| Stocks and contracts in progress | 3 | €239 | €239 | = | 0.0% |
| Stocks | 30/36 | €239 | €239 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,778 | €78,142 | +€48,364 | +162.4% |
| Trade receivables | 40 | €28,949 | €77,313 | +€48,364 | +167.1% |
| Other amounts receivable | 41 | €829 | €829 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €94,976 | €107,125 | +€12,149 | +12.8% |
| Deferred charges and accrued income | 490/1 | €0 | €28 | +€28 | |
| Total equity and liabilities | 10/49 | €191,556 | €245,408 | +€53,852 | +28.1% |
| Equity | 10/15 | €42,157 | €46,194 | +€4,037 | +9.6% |
| Contributions | 10/11 | €18,501 | €18,501 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,656 | €27,693 | +€4,037 | +17.1% |
| Amounts payable | 17/49 | €149,399 | €199,213 | +€49,815 | +33.3% |
| Amounts payable after more than one year | 17 | €65,959 | €57,040 | -€8,919 | -13.5% |
| Other amounts payable | 178/9 | €65,959 | €57,040 | -€8,919 | -13.5% |
| Amounts payable within one year | 42/48 | €82,781 | €142,053 | +€59,272 | +71.6% |
| Trade debts | 44 | €45,292 | €96,463 | +€51,171 | +113.0% |
| Suppliers | 440/4 | €45,292 | €96,463 | +€51,171 | +113.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €37,489 | €45,590 | +€8,101 | +21.6% |
| Taxes | 450/3 | €31,890 | €36,469 | +€4,579 | +14.4% |
| Remuneration and social security | 454/9 | €5,599 | €9,121 | +€3,522 | +62.9% |
| Accrued charges and deferred income | 492/3 | €659 | €120 | -€539 | -81.7% |
| Remuneration, social security and pensions | 62 | €30,516 | €57,750 | +€27,234 | +89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,154 | €13,591 | -€2,563 | -15.9% |
| Other operating charges | 640/8 | €9,728 | €3,908 | -€5,820 | -59.8% |
| Non-recurring operating charges | 66A | €1,800 | - | -€1,800 | |
| Gross operating margin | 9900 | €72,967 | €82,060 | +€9,093 | +12.5% |
| Operating profit (loss) | 9901 | €14,769 | €6,811 | -€7,958 | -53.9% |
| Financial income | 75/76B | €50 | €1 | -€49 | -97.9% |
| Recurring financial income | 75 | €50 | €1 | -€49 | -97.9% |
| Financial charges | 65/66B | €2,113 | €590 | -€1,523 | -72.1% |
| Recurring financial charges | 65 | €2,113 | €590 | -€1,523 | -72.1% |
| Profit (loss) for the period before taxes | 9903 | €12,706 | €6,222 | -€6,483 | -51.0% |
| Income taxes | 67/77 | €4,484 | €2,185 | -€2,299 | -51.3% |
| Profit (loss) for the period | 9904 | €8,221 | €4,037 | -€4,184 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,221 | €4,037 | -€4,184 | -50.9% |
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 28 September 2026 via checked.be.