88: 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.
88
Largest movements
- Cash -€12,452
down €12,452 (-62.5%), from €19,928 to €7,476
mainly Tax, wage and social debts (-€15,713) and Trade debts (-€13,457)
- Financial fixed assets -€3,150
no longer reported in 2024 (was €3,150)
- Tangible fixed assets -€1,029
down €1,029 (-40.3%), from €2,553 to €1,524
of which Furniture and vehicles: -€529
- Deferred charges and accrued income -€575
down €575 (-27.2%), from €2,116 to €1,541
- Debts after one year +€17,500
up €17,500 (+24.0%), from €73,000 to €90,500
- Tax, wage and social debts -€15,713
down €15,713 (-46.8%), from €33,609 to €17,897
of which Remuneration and social security: -€10,634
- Trade debts -€13,457
down €13,457 (-42.5%), from €31,681 to €18,224
- Profit (loss) carried forward -€5,078
down €5,078 (-4.3%), from -€117,825 to -€122,903
- Other debts -€520
down €520 (-82.0%), from €635 to €114
- Staff costs -€84,610
down €84,610 (-48.7%), from €173,855 to €89,245
- Gross operating margin -€56,179
down €56,179 (-38.3%), from €146,788 to €90,609
- Financial charges -€4,400
down €4,400 (-50.3%), from €8,748 to €4,349
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 | €33,565 | €16,231 | -€17,334 | -51.6% |
| Fixed assets | 21/28 | €5,703 | €1,524 | -€4,179 | -73.3% |
| Tangible fixed assets | 22/27 | €2,553 | €1,524 | -€1,029 | -40.3% |
| Furniture and vehicles | 24 | €1,311 | €782 | -€529 | -40.3% |
| Other tangible fixed assets | 26 | €1,242 | €742 | -€500 | -40.3% |
| Financial fixed assets | 28 | €3,150 | - | -€3,150 | |
| Current assets | 29/58 | €27,863 | €14,707 | -€13,156 | -47.2% |
| Amounts receivable within one year | 40/41 | €5,819 | €5,691 | -€129 | -2.2% |
| Trade receivables | 40 | €5,064 | €4,939 | -€125 | -2.5% |
| Other amounts receivable | 41 | €755 | €751 | -€4 | -0.5% |
| Cash at bank and in hand | 54/58 | €19,928 | €7,476 | -€12,452 | -62.5% |
| Deferred charges and accrued income | 490/1 | €2,116 | €1,541 | -€575 | -27.2% |
| Total equity and liabilities | 10/49 | €33,565 | €16,231 | -€17,334 | -51.6% |
| Equity | 10/15 | -€105,425 | -€110,503 | -€5,078 | -4.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,825 | -€122,903 | -€5,078 | -4.3% |
| Amounts payable | 17/49 | €138,991 | €126,734 | -€12,257 | -8.8% |
| Amounts payable after more than one year | 17 | €73,000 | €90,500 | +€17,500 | +24.0% |
| Other amounts payable | 178/9 | €73,000 | €90,500 | +€17,500 | +24.0% |
| Amounts payable within one year | 42/48 | €65,925 | €36,234 | -€29,690 | -45.0% |
| Trade debts | 44 | €31,681 | €18,224 | -€13,457 | -42.5% |
| Suppliers | 440/4 | €31,681 | €18,224 | -€13,457 | -42.5% |
| Taxes, remuneration and social security | 45 | €33,609 | €17,897 | -€15,713 | -46.8% |
| Taxes | 450/3 | €7,756 | €2,677 | -€5,079 | -65.5% |
| Remuneration and social security | 454/9 | €25,853 | €15,220 | -€10,634 | -41.1% |
| Other amounts payable | 47/48 | €635 | €114 | -€520 | -82.0% |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Remuneration, social security and pensions | 62 | €173,855 | €89,245 | -€84,610 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,384 | €1,029 | -€355 | -25.7% |
| Other operating charges | 640/8 | €2,675 | €1,351 | -€1,324 | -49.5% |
| Gross operating margin | 9900 | €146,788 | €90,609 | -€56,179 | -38.3% |
| Operating profit (loss) | 9901 | -€31,125 | -€1,015 | +€30,110 | +96.7% |
| Financial income | 75/76B | €537 | €286 | -€251 | -46.7% |
| Recurring financial income | 75 | €537 | €286 | -€251 | -46.7% |
| Financial charges | 65/66B | €8,748 | €4,349 | -€4,400 | -50.3% |
| Recurring financial charges | 65 | €8,748 | €4,349 | -€4,400 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | -€39,336 | -€5,078 | +€34,259 | +87.1% |
| Profit (loss) for the period | 9904 | -€39,336 | -€5,078 | +€34,259 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,336 | -€5,078 | +€34,259 | +87.1% |
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 29 September 2026 via checked.be.