2SIMPLIFY: 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.
2SIMPLIFY
Largest movements
- Cash +€20,165
up €20,165 (+41.8%), from €48,254 to €68,419
mainly Depreciation (+€17,789) and Receivables within one year (+€9,475)
- Tangible fixed assets -€11,117
down €11,117 (-22.5%), from €49,422 to €38,305
of which Plant, machinery and equipment: -€13,555
- Receivables within one year -€9,475
down €9,475 (-66.9%), from €14,166 to €4,691
of which Trade receivables: -€14,166
- Short-term financial debts +€5,000
new in 2024: €5,000
- Debts after one year -€4,300
down €4,300 (-39.5%), from €10,874 to €6,575
- Profit (loss) carried forward -€3,245
down €3,245 (-23.6%), from €13,767 to €10,522
- Current portion of long-term debt +€1,299
up €1,299 (+15.8%), from €8,214 to €9,513
- Gross operating margin -€18,223
down €18,223 (-52.3%), from €34,830 to €16,607
- Taxes -€4,655
down €4,655 (-93.8%), from €4,965 to €309
- Staff costs -€725
down €725 (-42.4%), from €1,712 to €987
- Depreciation +€384
up €384 (+2.2%), from €17,405 to €17,789
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 | €111,842 | €111,414 | -€428 | -0.4% |
| Fixed assets | 21/28 | €49,422 | €38,305 | -€11,117 | -22.5% |
| Tangible fixed assets | 22/27 | €49,422 | €38,305 | -€11,117 | -22.5% |
| Plant, machinery and equipment | 23 | €43,392 | €29,837 | -€13,555 | -31.2% |
| Furniture and vehicles | 24 | €6,030 | €8,467 | +€2,438 | +40.4% |
| Current assets | 29/58 | €62,420 | €73,110 | +€10,689 | +17.1% |
| Amounts receivable within one year | 40/41 | €14,166 | €4,691 | -€9,475 | -66.9% |
| Trade receivables | 40 | €14,166 | - | -€14,166 | |
| Other amounts receivable | 41 | - | €4,691 | +€4,691 | |
| Cash at bank and in hand | 54/58 | €48,254 | €68,419 | +€20,165 | +41.8% |
| Total equity and liabilities | 10/49 | €111,842 | €111,414 | -€428 | -0.4% |
| Equity | 10/15 | €70,525 | €67,280 | -€3,245 | -4.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €44,358 | €44,358 | = | 0.0% |
| Distributable reserves | 133 | €44,358 | €44,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,767 | €10,522 | -€3,245 | -23.6% |
| Amounts payable | 17/49 | €41,317 | €44,134 | +€2,817 | +6.8% |
| Amounts payable after more than one year | 17 | €10,874 | €6,575 | -€4,300 | -39.5% |
| Financial debts | 170/4 | €10,874 | €6,575 | -€4,300 | -39.5% |
| Amounts payable within one year | 42/48 | €30,443 | €37,559 | +€7,116 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €8,214 | €9,513 | +€1,299 | +15.8% |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €4,980 | €3,994 | -€987 | -19.8% |
| Suppliers | 440/4 | €4,980 | €3,994 | -€987 | -19.8% |
| Taxes, remuneration and social security | 45 | €7,758 | €8,513 | +€755 | +9.7% |
| Taxes | 450/3 | €7,758 | €8,513 | +€755 | +9.7% |
| Other amounts payable | 47/48 | €9,491 | €10,540 | +€1,049 | +11.1% |
| Remuneration, social security and pensions | 62 | €1,712 | €987 | -€725 | -42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,405 | €17,789 | +€384 | +2.2% |
| Other operating charges | 640/8 | €240 | €399 | +€159 | +66.3% |
| Gross operating margin | 9900 | €34,830 | €16,607 | -€18,223 | -52.3% |
| Operating profit (loss) | 9901 | €15,473 | -€2,568 | -€18,040 | |
| Financial income | 75/76B | - | €138 | +€138 | |
| Recurring financial income | 75 | - | €138 | +€138 | |
| Financial charges | 65/66B | €756 | €505 | -€251 | -33.2% |
| Recurring financial charges | 65 | €756 | €505 | -€251 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €14,717 | -€2,935 | -€17,652 | |
| Income taxes | 67/77 | €4,965 | €309 | -€4,655 | -93.8% |
| Profit (loss) for the period | 9904 | €9,752 | -€3,245 | -€12,997 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,752 | -€3,245 | -€12,997 |
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 8 October 2026 via checked.be.