110 GROUP: 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.
110 GROUP
Largest movements
- Cash -€35,088
down €35,088 (-59.6%), from €58,836 to €23,749
mainly Trade debts (-€32,011) and Investment in fixed assets (net) (-€25,000)
- Tangible fixed assets +€16,667
new in 2024: €16,667
- Trade debts -€32,011
down €32,011 (-85.8%), from €37,326 to €5,315
- Profit (loss) carried forward +€8,947
up €8,947 (+95.9%), from €9,330 to €18,277
- Other debts +€4,487
up €4,487 (+28.5%), from €15,748 to €20,235
- Depreciation +€8,333
new in 2024: €8,333
- Other operating charges -€6,286
down €6,286 (-85.4%), from €7,361 to €1,075
- Gross operating margin +€2,553
up €2,553 (+15.4%), from €16,618 to €19,172
- Financial income -€1,616
down €1,616 (-100.0%), from €1,616 to €0
- Financial charges +€310
up €310 (+61.3%), from €506 to €817
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 | €62,809 | €44,047 | -€18,762 | -29.9% |
| Fixed assets | 21/28 | - | €16,667 | +€16,667 | |
| Tangible fixed assets | 22/27 | - | €16,667 | +€16,667 | |
| Furniture and vehicles | 24 | - | €16,667 | +€16,667 | |
| Current assets | 29/58 | €62,809 | €27,381 | -€35,429 | -56.4% |
| Amounts receivable within one year | 40/41 | €3,973 | €3,632 | -€341 | -8.6% |
| Trade receivables | 40 | €1,450 | €1,880 | +€430 | +29.7% |
| Other amounts receivable | 41 | €2,523 | €1,752 | -€771 | -30.6% |
| Cash at bank and in hand | 54/58 | €58,836 | €23,749 | -€35,088 | -59.6% |
| Total equity and liabilities | 10/49 | €62,809 | €44,047 | -€18,762 | -29.9% |
| Equity | 10/15 | €9,330 | €18,277 | +€8,947 | +95.9% |
| Profit (loss) carried forward | 14 | €9,330 | €18,277 | +€8,947 | +95.9% |
| Amounts payable | 17/49 | €53,480 | €25,771 | -€27,709 | -51.8% |
| Amounts payable within one year | 42/48 | €53,480 | €25,771 | -€27,709 | -51.8% |
| Trade debts | 44 | €37,326 | €5,315 | -€32,011 | -85.8% |
| Suppliers | 440/4 | €37,326 | €5,315 | -€32,011 | -85.8% |
| Taxes, remuneration and social security | 45 | €406 | €221 | -€185 | -45.5% |
| Taxes | 450/3 | €406 | €221 | -€185 | -45.5% |
| Other amounts payable | 47/48 | €15,748 | €20,235 | +€4,487 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,333 | +€8,333 | |
| Other operating charges | 640/8 | €7,361 | €1,075 | -€6,286 | -85.4% |
| Gross operating margin | 9900 | €16,618 | €19,172 | +€2,553 | +15.4% |
| Operating profit (loss) | 9901 | €9,258 | €9,764 | +€506 | +5.5% |
| Financial income | 75/76B | €1,616 | €0 | -€1,616 | -100.0% |
| Recurring financial income | 75 | €1,616 | €0 | -€1,616 | -100.0% |
| Financial charges | 65/66B | €506 | €817 | +€310 | +61.3% |
| Recurring financial charges | 65 | €506 | €817 | +€310 | +61.3% |
| Profit (loss) for the period before taxes | 9903 | €10,367 | €8,947 | -€1,420 | -13.7% |
| Profit (loss) for the period | 9904 | €10,367 | €8,947 | -€1,420 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,367 | €8,947 | -€1,420 | -13.7% |
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 1 October 2026 via checked.be.