7R: 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.
7R
Largest movements
- Financial fixed assets +€150,000
new in 2024: €150,000
- Cash -€66,824
down €66,824 (-95.6%), from €69,872 to €3,049
mainly Investment in fixed assets (net) (-€151,402) and Receivables within one year (-€35,568)
- Receivables within one year +€35,568
up €35,568 (+147.9%), from €24,050 to €59,618
of which Trade receivables: +€35,063
- Deferred charges and accrued income -€19,351
no longer reported in 2024 (was €19,351)
- Debts after one year +€101,955
new in 2024: €101,955
- Other debts -€18,510
down €18,510 (-31.1%), from €59,515 to €41,004
- Current portion of long-term debt +€16,780
new in 2024: €16,780
- Tax, wage and social debts -€9,918
down €9,918 (-48.6%), from €20,424 to €10,506
- Trade debts +€7,818
up €7,818 (+363.1%), from €2,153 to €9,971
- Gross operating margin -€14,704
down €14,704 (-60.1%), from €24,468 to €9,764
- Other operating charges +€1,977
new in 2024: €1,977
- Taxes -€1,495
down €1,495 (-24.9%), from €6,000 to €4,506
- Financial charges +€341
up €341 (+126.5%), from €269 to €610
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 | €113,274 | €213,960 | +€100,686 | +88.9% |
| Fixed assets | 21/28 | - | €151,293 | +€151,293 | |
| Tangible fixed assets | 22/27 | - | €1,293 | +€1,293 | |
| Plant, machinery and equipment | 23 | - | €564 | +€564 | |
| Furniture and vehicles | 24 | - | €728 | +€728 | |
| Financial fixed assets | 28 | - | €150,000 | +€150,000 | |
| Current assets | 29/58 | €113,274 | €62,667 | -€50,606 | -44.7% |
| Amounts receivable within one year | 40/41 | €24,050 | €59,618 | +€35,568 | +147.9% |
| Trade receivables | 40 | €24,050 | €59,113 | +€35,063 | +145.8% |
| Other amounts receivable | 41 | - | €506 | +€506 | |
| Cash at bank and in hand | 54/58 | €69,872 | €3,049 | -€66,824 | -95.6% |
| Deferred charges and accrued income | 490/1 | €19,351 | - | -€19,351 | |
| Total equity and liabilities | 10/49 | €113,274 | €213,960 | +€100,686 | +88.9% |
| Equity | 10/15 | €31,182 | €33,744 | +€2,562 | +8.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,182 | €29,744 | +€2,562 | +9.4% |
| Amounts payable | 17/49 | €82,091 | €180,216 | +€98,125 | +119.5% |
| Amounts payable after more than one year | 17 | - | €101,955 | +€101,955 | |
| Financial debts | 170/4 | - | €101,955 | +€101,955 | |
| Amounts payable within one year | 42/48 | €82,091 | €78,262 | -€3,830 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | - | €16,780 | +€16,780 | |
| Trade debts | 44 | €2,153 | €9,971 | +€7,818 | +363.1% |
| Suppliers | 440/4 | €2,153 | €9,971 | +€7,818 | +363.1% |
| Taxes, remuneration and social security | 45 | €20,424 | €10,506 | -€9,918 | -48.6% |
| Taxes | 450/3 | €20,424 | €10,506 | -€9,918 | -48.6% |
| Other amounts payable | 47/48 | €59,515 | €41,004 | -€18,510 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €110 | +€110 | |
| Other operating charges | 640/8 | - | €1,977 | +€1,977 | |
| Gross operating margin | 9900 | €24,468 | €9,764 | -€14,704 | -60.1% |
| Operating profit (loss) | 9901 | €24,468 | €7,677 | -€16,790 | -68.6% |
| Financial charges | 65/66B | €269 | €610 | +€341 | +126.5% |
| Recurring financial charges | 65 | €269 | €610 | +€341 | +126.5% |
| Profit (loss) for the period before taxes | 9903 | €24,198 | €7,067 | -€17,131 | -70.8% |
| Income taxes | 67/77 | €6,000 | €4,506 | -€1,495 | -24.9% |
| Profit (loss) for the period | 9904 | €18,198 | €2,562 | -€15,637 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,198 | €2,562 | -€15,637 | -85.9% |
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 7 October 2026 via checked.be.