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.
Ellen Cortvriend
Largest movements
- Cash +€160,610
up €160,610 (+231.3%), from €69,430 to €230,040
mainly Net result for the year (+€129,739) and Tax, wage and social debts (+€53,097)
- Reserves +€129,739
up €129,739 (+315.5%), from €41,117 to €170,855
- Tax, wage and social debts +€53,097
up €53,097 (+224.2%), from €23,683 to €76,781
of which Taxes: +€55,897
- Debts after one year -€19,000
down €19,000 (-11.5%), from €165,000 to €146,000
- Current portion of long-term debt -€6,000
down €6,000 (-24.0%), from €25,000 to €19,000
- Gross operating margin +€118,686
up €118,686 (+220.4%), from €53,861 to €172,547
- Taxes +€27,621
up €27,621 (+254.6%), from €10,848 to €38,469
- Financial charges +€9,777
up €9,777 (+2297.4%), from €426 to €10,202
- Financial income +€6,650
new in 2024: €6,650
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 | €264,788 | €423,261 | +€158,473 | +59.8% |
| Fixed assets | 21/28 | €1,968 | €1,565 | -€403 | -20.5% |
| Tangible fixed assets | 22/27 | €1,968 | €1,565 | -€403 | -20.5% |
| Furniture and vehicles | 24 | €1,968 | €1,565 | -€403 | -20.5% |
| Current assets | 29/58 | €262,821 | €421,696 | +€158,875 | +60.4% |
| Amounts receivable after more than one year | 29 | €190,000 | €190,000 | = | 0.0% |
| Other amounts receivable | 291 | €190,000 | €190,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,622 | €77 | -€2,545 | -97.1% |
| Trade receivables | 40 | €2,622 | €0 | -€2,622 | -100.0% |
| Other amounts receivable | 41 | - | €77 | +€77 | |
| Cash at bank and in hand | 54/58 | €69,430 | €230,040 | +€160,610 | +231.3% |
| Deferred charges and accrued income | 490/1 | €769 | €1,579 | +€810 | +105.3% |
| Total equity and liabilities | 10/49 | €264,788 | €423,261 | +€158,473 | +59.8% |
| Equity | 10/15 | €46,117 | €175,855 | +€129,739 | +281.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €41,117 | €170,855 | +€129,739 | +315.5% |
| Distributable reserves | 133 | €41,117 | €170,855 | +€129,739 | +315.5% |
| Amounts payable | 17/49 | €218,672 | €247,406 | +€28,734 | +13.1% |
| Amounts payable after more than one year | 17 | €165,000 | €146,000 | -€19,000 | -11.5% |
| Financial debts | 170/4 | €165,000 | €146,000 | -€19,000 | -11.5% |
| Amounts payable within one year | 42/48 | €53,672 | €101,406 | +€47,734 | +88.9% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €19,000 | -€6,000 | -24.0% |
| Financial debts | 43 | €371 | €172 | -€199 | -53.5% |
| Credit institutions | 430/8 | €371 | €172 | -€199 | -53.5% |
| Trade debts | 44 | €489 | €1,591 | +€1,103 | +225.5% |
| Suppliers | 440/4 | €489 | €1,591 | +€1,103 | +225.5% |
| Taxes, remuneration and social security | 45 | €23,683 | €76,781 | +€53,097 | +224.2% |
| Taxes | 450/3 | €20,883 | €76,781 | +€55,897 | +267.7% |
| Remuneration and social security | 454/9 | €2,800 | €0 | -€2,800 | -100.0% |
| Other amounts payable | 47/48 | €4,129 | €3,861 | -€268 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,471 | €403 | -€1,068 | -72.6% |
| Other operating charges | 640/8 | - | €384 | +€384 | |
| Gross operating margin | 9900 | €53,861 | €172,547 | +€118,686 | +220.4% |
| Operating profit (loss) | 9901 | €52,390 | €171,760 | +€119,370 | +227.8% |
| Financial income | 75/76B | - | €6,650 | +€6,650 | |
| Recurring financial income | 75 | - | €6,650 | +€6,650 | |
| Financial charges | 65/66B | €426 | €10,202 | +€9,777 | +2297.4% |
| Recurring financial charges | 65 | €426 | €10,202 | +€9,777 | +2297.4% |
| Profit (loss) for the period before taxes | 9903 | €51,965 | €168,208 | +€116,243 | +223.7% |
| Income taxes | 67/77 | €10,848 | €38,469 | +€27,621 | +254.6% |
| Profit (loss) for the period | 9904 | €41,117 | €129,739 | +€88,622 | +215.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,117 | €129,739 | +€88,622 | +215.5% |
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 27 September 2026 via checked.be.