33: 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.
33
Largest movements
- Receivables within one year +€54,859
up €54,859 (+152.5%), from €35,981 to €90,840
of which Trade receivables: +€65,726
- Stocks and contracts -€46,191
down €46,191 (-11.0%), from €419,315 to €373,124
- Tangible fixed assets -€28,743
down €28,743 (-15.6%), from €184,521 to €155,778
of which Plant, machinery and equipment: -€28,737
- Cash -€16,875
down €16,875 (-61.8%), from €27,304 to €10,429
mainly Net result for the year (-€232,612) and Receivables within one year (-€54,859)
- Profit (loss) carried forward -€232,612
down €232,612 (-45.4%), from -€512,084 to -€744,695
- Trade debts +€102,352
up €102,352 (+862.4%), from €11,869 to €114,220
- Debts after one year +€64,628
up €64,628 (+5.6%), from €1.2m to €1.2m
of which Other amounts payable: +€100,000
- Short-term financial debts +€25,194
new in 2024: €25,194
- Gross operating margin -€223,292
down €223,292, from €126,415 to -€96,877
- Depreciation +€13,815
up €13,815 (+32.6%), from €42,401 to €56,217
- Staff costs +€11,777
up €11,777 (+22.5%), from €52,423 to €64,200
- Other operating charges +€2,439
up €2,439 (+177.1%), from €1,378 to €3,817
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 | €724,332 | €683,029 | -€41,303 | -5.7% |
| Fixed assets | 21/28 | €241,732 | €208,566 | -€33,167 | -13.7% |
| Intangible fixed assets | 21 | €29,711 | €25,288 | -€4,424 | -14.9% |
| Tangible fixed assets | 22/27 | €184,521 | €155,778 | -€28,743 | -15.6% |
| Plant, machinery and equipment | 23 | €142,352 | €113,615 | -€28,737 | -20.2% |
| Furniture and vehicles | 24 | €25,902 | €28,214 | +€2,312 | +8.9% |
| Other tangible fixed assets | 26 | €16,267 | €13,949 | -€2,318 | -14.2% |
| Financial fixed assets | 28 | €27,500 | €27,500 | = | 0.0% |
| Current assets | 29/58 | €482,600 | €474,464 | -€8,136 | -1.7% |
| Stocks and contracts in progress | 3 | €419,315 | €373,124 | -€46,191 | -11.0% |
| Stocks | 30/36 | €419,315 | €373,124 | -€46,191 | -11.0% |
| Amounts receivable within one year | 40/41 | €35,981 | €90,840 | +€54,859 | +152.5% |
| Trade receivables | 40 | €25,114 | €90,840 | +€65,726 | +261.7% |
| Other amounts receivable | 41 | €10,867 | - | -€10,867 | |
| Cash at bank and in hand | 54/58 | €27,304 | €10,429 | -€16,875 | -61.8% |
| Deferred charges and accrued income | 490/1 | - | €71 | +€71 | |
| Total equity and liabilities | 10/49 | €724,332 | €683,029 | -€41,303 | -5.7% |
| Equity | 10/15 | -€493,484 | -€726,095 | -€232,612 | -47.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€512,084 | -€744,695 | -€232,612 | -45.4% |
| Amounts payable | 17/49 | €1,217,816 | €1,409,125 | +€191,309 | +15.7% |
| Amounts payable after more than one year | 17 | €1,155,938 | €1,220,566 | +€64,628 | +5.6% |
| Financial debts | 170/4 | €62,441 | €27,069 | -€35,372 | -56.6% |
| Other amounts payable | 178/9 | €1,093,497 | €1,193,497 | +€100,000 | +9.1% |
| Amounts payable within one year | 42/48 | €61,878 | €188,559 | +€126,681 | +204.7% |
| Current portion of amounts payable after more than one year | 42 | €34,566 | €35,372 | +€806 | +2.3% |
| Financial debts | 43 | - | €25,194 | +€25,194 | |
| Credit institutions | 430/8 | - | €25,194 | +€25,194 | |
| Trade debts | 44 | €11,869 | €114,220 | +€102,352 | +862.4% |
| Suppliers | 440/4 | €11,869 | €114,220 | +€102,352 | +862.4% |
| Taxes, remuneration and social security | 45 | €8,634 | €9,058 | +€424 | +4.9% |
| Taxes | 450/3 | - | €1,145 | +€1,145 | |
| Remuneration and social security | 454/9 | €8,634 | €7,912 | -€722 | -8.4% |
| Other amounts payable | 47/48 | €6,809 | €4,715 | -€2,094 | -30.8% |
| Remuneration, social security and pensions | 62 | €52,423 | €64,200 | +€11,777 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,401 | €56,217 | +€13,815 | +32.6% |
| Other operating charges | 640/8 | €1,378 | €3,817 | +€2,439 | +177.1% |
| Gross operating margin | 9900 | €126,415 | -€96,877 | -€223,292 | |
| Operating profit (loss) | 9901 | €30,213 | -€221,110 | -€251,323 | |
| Financial income | 75/76B | €1,138 | €134 | -€1,004 | -88.2% |
| Recurring financial income | 75 | €1,138 | €134 | -€1,004 | -88.2% |
| Financial charges | 65/66B | €10,782 | €11,636 | +€854 | +7.9% |
| Recurring financial charges | 65 | €10,782 | €11,636 | +€854 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €20,569 | -€232,612 | -€253,181 | |
| Profit (loss) for the period | 9904 | €20,569 | -€232,612 | -€253,181 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,569 | -€232,612 | -€253,181 |
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 12 October 2026 via checked.be.