2*PI*R: what changed
Two financial 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.
2*PI*R
Largest movements
- Stocks and contracts +€842,569
new in 2024: €842,569
- Receivables within one year +€144,166
up €144,166 (+572%), from €25,214 to €169,380
of which Trade receivables: +€137,178
- Tangible fixed assets -€24,413
down €24,413 (-5.0%), from €483,627 to €459,215
of which Land and buildings: -€14,473
- Other debts +€434,879
up €434,879 (+753%), from €57,739 to €492,618
- Debts after one year +€406,595
up €406,595 (+63.7%), from €637,813 to €1.0m
of which Financial debts: +€406,595
- Trade debts +€219,214
up €219,214, from €0 to €219,214
- Profit (loss) carried forward -€92,355
down €92,355 (-41.3%), from -€223,534 to -€315,888
- Purchases and services +€64,868
new in 2024: €64,868
- Gross operating margin -€34,340
down €34,340 (-278%), from -€12,343 to -€46,683
- Turnover +€13,244
new in 2024: €13,244
- Financial charges +€12,947
up €12,947 (+2,959%), from €438 to €13,385
- Depreciation -€5,735
down €5,735 (-18.8%), from €30,586 to €24,850
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.
Derived cash bridge
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 | €571,389 | €1,539,963 | +€968,574 | +170% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €504,387 | €479,537 | -€24,850 | -4.9% |
| Intangible fixed assets | 21 | €14,945 | €14,507 | -€438 | -2.9% |
| Tangible fixed assets | 22/27 | €483,627 | €459,215 | -€24,413 | -5.0% |
| Land and buildings | 22 | €444,680 | €430,206 | -€14,473 | -3.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €38,948 | €29,008 | -€9,939 | -25.5% |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €5,815 | €5,815 | = | 0.0% |
| Current assets | 29/58 | €67,002 | €1,060,426 | +€993,424 | +1,483% |
| Stocks and contracts in progress | 3 | - | €842,569 | +€842,569 | |
| Stocks | 30/36 | - | €842,569 | +€842,569 | |
| Amounts receivable within one year | 40/41 | €25,214 | €169,380 | +€144,166 | +572% |
| Trade receivables | 40 | €3,973 | €141,150 | +€137,178 | +3,453% |
| Other amounts receivable | 41 | €21,241 | €28,229 | +€6,988 | +32.9% |
| Cash at bank and in hand | 54/58 | €40,924 | €42,470 | +€1,547 | +3.8% |
| Deferred charges and accrued income | 490/1 | €864 | €6,007 | +€5,142 | +595% |
| Total equity and liabilities | 10/49 | €571,389 | €1,539,963 | +€968,574 | +170% |
| Equity | 10/15 | -€134,834 | -€227,188 | -€92,355 | -68.5% |
| Contributions | 10/11 | €88,700 | €88,700 | = | 0.0% |
| Capital | 10 | €88,700 | €88,700 | = | 0.0% |
| Issued capital | 100 | €88,700 | €88,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€223,534 | -€315,888 | -€92,355 | -41.3% |
| Amounts payable | 17/49 | €706,223 | €1,767,151 | +€1.1m | +150% |
| Amounts payable after more than one year | 17 | €637,813 | €1,044,408 | +€406,595 | +63.7% |
| Financial debts | 170/4 | €633,193 | €1,039,788 | +€406,595 | +64.2% |
| Other amounts payable | 178/9 | €4,620 | €4,620 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68,410 | €722,304 | +€653,895 | +956% |
| Current portion of amounts payable after more than one year | 42 | €10,671 | €10,282 | -€388 | -3.6% |
| Trade debts | 44 | €0 | €219,214 | +€219,214 | |
| Suppliers | 440/4 | - | €219,214 | +€219,214 | |
| Taxes, remuneration and social security | 45 | €0 | €190 | +€190 | |
| Taxes | 450/3 | - | €190 | +€190 | |
| Other amounts payable | 47/48 | €57,739 | €492,618 | +€434,879 | +753% |
| Accrued charges and deferred income | 492/3 | - | €438 | +€438 | |
| Turnover | 70 | - | €13,244 | +€13,244 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €64,868 | +€64,868 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,586 | €24,850 | -€5,735 | -18.8% |
| Other operating charges | 640/8 | €3,802 | €7,247 | +€3,444 | +90.6% |
| Gross operating margin | 9900 | -€12,343 | -€46,683 | -€34,340 | -278% |
| Operating profit (loss) | 9901 | -€46,731 | -€78,780 | -€32,049 | -68.6% |
| Financial charges | 65/66B | €438 | €13,385 | +€12,947 | +2,959% |
| Recurring financial charges | 65 | €438 | €13,385 | +€12,947 | +2,959% |
| Profit (loss) for the period before taxes | 9903 | -€47,169 | -€92,165 | -€44,996 | -95.4% |
| Income taxes | 67/77 | €0 | €190 | +€190 | |
| Profit (loss) for the period | 9904 | -€47,169 | -€92,355 | -€45,186 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,169 | -€92,355 | -€45,186 | -95.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.