Financials · financial year 2014, full format
Annual accounts 2014 filed on 29-07-2015 PDF all 2 filings
Turnover
€70,322▼ 14.4%
2013 · €82,194
EBIT margin
-5.7%▼ 11.8pp
2013 · 6.1%
Net result
-€1,807
2013 · €2,895
Working capital
-€19,198▲ 13.2%
2013 · -€22,105
Multi-year overview
2013 to 2014, 2 financial yearsTurnover
€70,322
▼ 14.4%
2014
20132014
Operating result
-€3,989
2014
20132014
Net result
-€1,807
2014
20132014
EBIT margin
-5.7%
▼ 11.8pp
2014
20132014
Equity
€11,016
▼ 14.1%
2014
20132014
Total assets
€115,552
▼ 9.7%
2014
20132014
Debt
€104,536
▼ 9.2%
2014
20132014
Working capital
-€19,198
▲ 13.2%
2014
20132014
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014
Turnover€82,194-€70,322▼ 14.4%
Operating result€4,998--€3,989
Net result€2,895--€1,807
EBIT margin6.1%--5.7%▼ 11.8pp
Equity€12,822-€11,016▼ 14.1%
Total assets€127,933-€115,552▼ 9.7%
Debt€115,111-€104,536▼ 9.2%
Working capital-€22,105--€19,198▲ 13.2%
The operating result for 2014 is a loss of €3,989, after a profit of €4,998 in 2013.
Balance-sheet composition
2014 in colour, 2013 as the grey bar beneath
Assets €115,552
Fixed assets
€39,055 ▲ 1.1%
Current assets
€76,497 ▼ 14.4%
Equity and liabilities €115,552
Equity
€11,016 ▼ 14.1%
Debt
€104,536 ▼ 9.2%
Debt's share of the balance-sheet total rises from 90.0% to 90.5%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.80▼
2013 · 0.80
Quick ratio
0.11▼
2013 · 0.21
ROE
-16.4%▼
2013 · 22.6%
ROA
-1.6%▼
2013 · 2.3%
Debt ≤ 1 year
€95,695▼
2013 · €111,422
Income taxes
-€928▼
2013 · €964
Customer credit
39 days▼
2013 · 98 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | Change |
|---|---|---|---|
| Turnover70 | €82,194 | €70,322 | ▼ 14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,381 | - | - |
| Gross operating margin9900 | €18,776 | -€3,591 | - |
| Operating profit (loss)9901 | €4,998 | -€3,989 | - |
| Recurring financial income75 | €71 | €72 | ▲ 2.6% |
| Recurring financial charges65 | €1,209 | €376 | ▼ 68.9% |
| Profit (loss) for the period before taxes9903 | €3,859 | -€2,735 | - |
| Income taxes67/77 | €964 | -€928 | - |
| Profit (loss) for the period9904 | €2,895 | -€1,807 | - |
| Profit (loss) for the period to be appropriated9905 | €2,895 | -€1,807 | - |
| Line | 2013 | 2014 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €127,933 | €115,552 | ▼ 9.7% |
| Fixed assets21/28 | €38,616 | €39,055 | ▲ 1.1% |
| Tangible fixed assets22/27 | €38,616 | €39,055 | ▲ 1.1% |
| Current assets29/58 | €89,317 | €76,497 | ▼ 14.4% |
| Stocks and contracts in progress3 | €66,302 | €65,553 | ▼ 1.1% |
| Amounts receivable within one year40/41 | €22,130 | €7,596 | ▼ 65.7% |
| Cash at bank and in hand54/58 | €885 | €658 | ▼ 25.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €127,933 | €115,552 | ▼ 9.7% |
| Equity10/15 | €12,822 | €11,016 | ▼ 14.1% |
| Contributions10/11 | €30,987 | €30,987 | = |
| Profit (loss) carried forward14 | -€18,165 | -€19,971 | ▼ 9.9% |
| Amounts payable17/49 | €115,111 | €104,536 | ▼ 9.2% |
| Amounts payable within one year42/48 | €111,422 | €95,695 | ▼ 14.1% |
| Trade debts44 | €11,587 | €5,696 | ▼ 50.8% |
| Line | 2013 | 2014 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €2,895 | -€1,807 | - |
| + Depreciation and write-downs630 | €13,381 | - | - |
| Operating cash flow (approximation) | €16,276 | -€1,807 | - |
| Investment in fixed assets (approximation) | - | -€439 | - |
| Change in cash | - | -€226 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.