A.-EVENTS: 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.
A.-EVENTS
Largest movements
- Receivables within one year +€211,102
up €211,102 (+42.7%), from €494,940 to €706,041
of which Other amounts receivable: +€182,898
- Cash -€194,311
down €194,311 (-96.3%), from €201,760 to €7,450
mainly Receivables within one year (-€211,102) and Tax, wage and social debts (-€16,090)
- Profit (loss) carried forward +€25,784
up €25,784 (+5.6%), from €459,092 to €484,876
- Tax, wage and social debts -€16,090
down €16,090 (-58.1%), from €27,704 to €11,614
of which Taxes: -€15,088
- Advances received +€11,422
up €11,422 (+209.8%), from €5,445 to €16,867
- Financial income -€206,676
down €206,676 (-93.6%), from €220,858 to €14,182
of which Non-recurring financial income: -€216,666
- Gross operating margin -€30,277
down €30,277 (-29.2%), from €103,858 to €73,582
- Staff costs +€8,702
up €8,702 (+18.2%), from €47,888 to €56,590
- Other operating charges +€2,095
up €2,095 (+203.1%), from €1,031 to €3,126
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 | €722,964 | €742,270 | +€19,307 | +2.7% |
| Fixed assets | 21/28 | €26,264 | €28,521 | +€2,258 | +8.6% |
| Tangible fixed assets | 22/27 | €1,263 | €3,520 | +€2,258 | +178.8% |
| Furniture and vehicles | 24 | €1,263 | €3,520 | +€2,258 | +178.8% |
| Financial fixed assets | 28 | €25,001 | €25,001 | = | 0.0% |
| Current assets | 29/58 | €696,700 | €713,749 | +€17,049 | +2.4% |
| Amounts receivable within one year | 40/41 | €494,940 | €706,041 | +€211,102 | +42.7% |
| Trade receivables | 40 | €115,058 | €143,262 | +€28,204 | +24.5% |
| Other amounts receivable | 41 | €379,881 | €562,779 | +€182,898 | +48.1% |
| Cash at bank and in hand | 54/58 | €201,760 | €7,450 | -€194,311 | -96.3% |
| Deferred charges and accrued income | 490/1 | €0 | €258 | +€258 | |
| Total equity and liabilities | 10/49 | €722,964 | €742,270 | +€19,307 | +2.7% |
| Equity | 10/15 | €679,092 | €704,876 | +€25,784 | +3.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €459,092 | €484,876 | +€25,784 | +5.6% |
| Amounts payable | 17/49 | €43,872 | €37,395 | -€6,477 | -14.8% |
| Amounts payable within one year | 42/48 | €43,872 | €37,395 | -€6,477 | -14.8% |
| Trade debts | 44 | €7,124 | €5,314 | -€1,809 | -25.4% |
| Suppliers | 440/4 | €7,124 | €5,314 | -€1,809 | -25.4% |
| Advances received on contracts in progress | 46 | €5,445 | €16,867 | +€11,422 | +209.8% |
| Taxes, remuneration and social security | 45 | €27,704 | €11,614 | -€16,090 | -58.1% |
| Taxes | 450/3 | €26,702 | €11,614 | -€15,088 | -56.5% |
| Remuneration and social security | 454/9 | €1,002 | €0 | -€1,002 | -100.0% |
| Other amounts payable | 47/48 | €3,600 | €3,600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €47,888 | €56,590 | +€8,702 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €625 | €859 | +€234 | +37.5% |
| Other operating charges | 640/8 | €1,031 | €3,126 | +€2,095 | +203.1% |
| Gross operating margin | 9900 | €103,858 | €73,582 | -€30,277 | -29.2% |
| Operating profit (loss) | 9901 | €54,314 | €13,008 | -€41,307 | -76.1% |
| Financial income | 75/76B | €220,858 | €14,182 | -€206,676 | -93.6% |
| Recurring financial income | 75 | €4,192 | €14,182 | +€9,990 | +238.3% |
| Non-recurring financial income | 76B | €216,666 | €0 | -€216,666 | -100.0% |
| Financial charges | 65/66B | €1,676 | €1,405 | -€271 | -16.1% |
| Recurring financial charges | 65 | €1,676 | €1,405 | -€271 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €273,496 | €25,784 | -€247,712 | -90.6% |
| Profit (loss) for the period | 9904 | €273,496 | €25,784 | -€247,712 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €273,496 | €25,784 | -€247,712 | -90.6% |
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.