THEOREM: what changed
THEOREM
Largest movements
- Receivables within one year +€6,102
up €6,102 (+258%), from €2,362 to €8,463
- Tangible fixed assets -€2,886
down €2,886 (-4.1%), from €70,881 to €67,996
- Cash -€2,473
down €2,473 (-30.7%), from €8,063 to €5,590
mainly Trade debts (-€7,560) and Receivables within one year (-€6,102)
- Deferred charges and accrued income +€1,073
new in 2024: €1,073
- Reserves +€12,826
up €12,826 (+45.8%), from €27,990 to €40,816
of which Distributable reserves: +€12,826
- Trade debts -€7,560
down €7,560 (-99.1%), from €7,626 to €66
- Tax, wage and social debts -€1,567
down €1,567 (-14.0%), from €11,193 to €9,626
- Other debts -€1,412
down €1,412 (-5.1%), from €27,750 to €26,338
- Gross operating margin +€676
up €676 (+2.6%), from €25,572 to €26,248
- Other operating charges +€417
up €417 (+12.0%), from €3,478 to €3,896
- Financial charges +€282
up €282 (+280%), from €101 to €383
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,306 | €83,122 | +€1,816 | +2.2% |
| Fixed assets | 21/28 | €70,881 | €67,996 | -€2,886 | -4.1% |
| Tangible fixed assets | 22/27 | €70,881 | €67,996 | -€2,886 | -4.1% |
| Land and buildings | 22 | €70,881 | €67,996 | -€2,886 | -4.1% |
| Current assets | 29/58 | €10,424 | €15,127 | +€4,702 | +45.1% |
| Amounts receivable within one year | 40/41 | €2,362 | €8,463 | +€6,102 | +258% |
| Other amounts receivable | 41 | €2,362 | €8,463 | +€6,102 | +258% |
| Cash at bank and in hand | 54/58 | €8,063 | €5,590 | -€2,473 | -30.7% |
| Deferred charges and accrued income | 490/1 | - | €1,073 | +€1,073 | |
| Total equity and liabilities | 10/49 | €81,306 | €83,122 | +€1,816 | +2.2% |
| Equity | 10/15 | €34,267 | €47,093 | +€12,826 | +37.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €27,990 | €40,816 | +€12,826 | +45.8% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €26,090 | €38,916 | +€12,826 | +49.2% |
| Profit (loss) carried forward | 14 | €80 | €80 | = | 0.0% |
| Amounts payable | 17/49 | €47,039 | €36,029 | -€11,009 | -23.4% |
| Amounts payable within one year | 42/48 | €46,568 | €36,029 | -€10,539 | -22.6% |
| Trade debts | 44 | €7,626 | €66 | -€7,560 | -99.1% |
| Suppliers | 440/4 | €7,626 | €66 | -€7,560 | -99.1% |
| Taxes, remuneration and social security | 45 | €11,193 | €9,626 | -€1,567 | -14.0% |
| Taxes | 450/3 | €11,193 | €9,626 | -€1,567 | -14.0% |
| Other amounts payable | 47/48 | €27,750 | €26,338 | -€1,412 | -5.1% |
| Accrued charges and deferred income | 492/3 | €470 | - | -€470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,886 | €2,886 | = | 0.0% |
| Other operating charges | 640/8 | €3,478 | €3,896 | +€417 | +12.0% |
| Gross operating margin | 9900 | €25,572 | €26,248 | +€676 | +2.6% |
| Operating profit (loss) | 9901 | €19,208 | €19,467 | +€259 | +1.3% |
| Financial charges | 65/66B | €101 | €383 | +€282 | +280% |
| Recurring financial charges | 65 | €101 | €383 | +€282 | +280% |
| Profit (loss) for the period before taxes | 9903 | €19,107 | €19,084 | -€23 | -0.1% |
| Income taxes | 67/77 | €6,417 | €6,258 | -€159 | -2.5% |
| Profit (loss) for the period | 9904 | €12,690 | €12,826 | +€136 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,690 | €12,826 | +€136 | +1.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.