20ème SIECLE: 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.
20ème SIECLE
Largest movements
- Stocks and contracts -€10,020
down €10,020 (-41.2%), from €24,331 to €14,311
- Cash -€3,258
down €3,258 (-66.8%), from €4,874 to €1,616
mainly Trade debts (-€7,846) and Tax, wage and social debts (-€4,090)
- Formation expenses -€899
no longer reported in 2024 (was €899)
- Trade debts -€7,846
down €7,846 (-95.9%), from €8,180 to €334
- Tax, wage and social debts -€4,090
no longer reported in 2024 (was €4,090)
- Other debts -€2,783
down €2,783 (-5.3%), from €52,923 to €50,140
- Financial charges -€3,302
down €3,302 (-65.2%), from €5,067 to €1,765
- Gross operating margin -€2,073
down €2,073 (-37.5%), from €5,529 to €3,456
- Depreciation +€715
up €715 (+388.6%), from €184 to €899
- Other operating charges +€97
up €97 (+21.6%), from €450 to €547
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 | €31,267 | €16,793 | -€14,474 | -46.3% |
| Formation expenses | 20 | €899 | - | -€899 | |
| Current assets | 29/58 | €30,368 | €16,793 | -€13,575 | -44.7% |
| Stocks and contracts in progress | 3 | €24,331 | €14,311 | -€10,020 | -41.2% |
| Stocks | 30/36 | €24,331 | €14,311 | -€10,020 | -41.2% |
| Amounts receivable within one year | 40/41 | €996 | €866 | -€130 | -13.1% |
| Trade receivables | 40 | €996 | - | -€996 | |
| Other amounts receivable | 41 | - | €866 | +€866 | |
| Cash at bank and in hand | 54/58 | €4,874 | €1,616 | -€3,258 | -66.8% |
| Deferred charges and accrued income | 490/1 | €167 | - | -€167 | |
| Total equity and liabilities | 10/49 | €31,267 | €16,793 | -€14,474 | -46.3% |
| Equity | 10/15 | -€33,926 | -€33,681 | +€245 | +0.7% |
| Contributions | 10/11 | €60,500 | €60,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,426 | -€94,181 | +€245 | +0.3% |
| Amounts payable | 17/49 | €65,193 | €50,474 | -€14,719 | -22.6% |
| Amounts payable within one year | 42/48 | €65,193 | €50,474 | -€14,719 | -22.6% |
| Trade debts | 44 | €8,180 | €334 | -€7,846 | -95.9% |
| Suppliers | 440/4 | €8,180 | €334 | -€7,846 | -95.9% |
| Taxes, remuneration and social security | 45 | €4,090 | - | -€4,090 | |
| Remuneration and social security | 454/9 | €4,090 | - | -€4,090 | |
| Other amounts payable | 47/48 | €52,923 | €50,140 | -€2,783 | -5.3% |
| Non-recurring operating income | 76A | - | €11,480 | +€11,480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184 | €899 | +€715 | +388.6% |
| Other operating charges | 640/8 | €450 | €547 | +€97 | +21.6% |
| Gross operating margin | 9900 | €5,529 | €3,456 | -€2,073 | -37.5% |
| Operating profit (loss) | 9901 | €4,895 | €2,010 | -€2,885 | -58.9% |
| Financial charges | 65/66B | €5,067 | €1,765 | -€3,302 | -65.2% |
| Recurring financial charges | 65 | €5,067 | €1,765 | -€3,302 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | -€172 | €245 | +€417 | |
| Profit (loss) for the period | 9904 | -€172 | €245 | +€417 | |
| Profit (loss) for the period to be appropriated | 9905 | -€172 | €245 | +€417 |
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 28 September 2026 via checked.be.