A.G.M.: 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.
A.G.M.
Largest movements
- Receivables within one year -€127,500
down €127,500 (-53.6%), from €237,663 to €110,163
of which Other amounts receivable: -€123,753
- Tangible fixed assets +€80,000
up €80,000 (+51.0%), from €157,000 to €237,000
- Stocks and contracts -€72,000
down €72,000 (-57.6%), from €124,968 to €52,968
- Cash -€10,000
down €10,000 (-98.2%), from €10,179 to €179
mainly Net result for the year (-€112,150) and Investment in fixed assets (net) (-€79,050)
- Profit (loss) carried forward -€112,150
down €112,150 (-55.9%), from -€200,487 to -€312,637
- Tax, wage and social debts -€18,300
no longer reported in 2024 (was €18,300)
- Gross operating margin +€8,987
up €8,987 (+53.7%), from -€16,745 to -€7,758
- Financial income +€1,878
new in 2024: €1,878
- Other operating charges +€177
up €177 (+51.0%), from €348 to €525
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.
Derived cash bridge
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 | €678,734 | €548,284 | -€130,450 | -19.2% |
| Fixed assets | 21/28 | €157,950 | €237,000 | +€79,050 | +50.0% |
| Tangible fixed assets | 22/27 | €157,000 | €237,000 | +€80,000 | +51.0% |
| Land and buildings | 22 | €157,000 | €237,000 | +€80,000 | +51.0% |
| Financial fixed assets | 28 | €950 | - | -€950 | |
| Current assets | 29/58 | €520,784 | €311,284 | -€209,500 | -40.2% |
| Amounts receivable after more than one year | 29 | €147,974 | €147,974 | = | 0.0% |
| Other amounts receivable | 291 | €147,974 | €147,974 | = | 0.0% |
| Stocks and contracts in progress | 3 | €124,968 | €52,968 | -€72,000 | -57.6% |
| Stocks | 30/36 | €124,968 | €52,968 | -€72,000 | -57.6% |
| Amounts receivable within one year | 40/41 | €237,663 | €110,163 | -€127,500 | -53.6% |
| Trade receivables | 40 | €3,747 | - | -€3,747 | |
| Other amounts receivable | 41 | €233,917 | €110,163 | -€123,753 | -52.9% |
| Cash at bank and in hand | 54/58 | €10,179 | €179 | -€10,000 | -98.2% |
| Total equity and liabilities | 10/49 | €678,734 | €548,284 | -€130,450 | -19.2% |
| Equity | 10/15 | €497,491 | €385,340 | -€112,150 | -22.5% |
| Contributions | 10/11 | €43,592 | €43,592 | = | 0.0% |
| Capital | 10 | €43,592 | €43,592 | = | 0.0% |
| Issued capital | 100 | €43,592 | €43,592 | = | 0.0% |
| Revaluation surpluses | 12 | €193,781 | €193,781 | = | 0.0% |
| Reserves | 13 | €460,604 | €460,604 | = | 0.0% |
| Distributable reserves | 133 | €460,604 | €460,604 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€200,487 | -€312,637 | -€112,150 | -55.9% |
| Amounts payable | 17/49 | €181,243 | €162,943 | -€18,300 | -10.1% |
| Amounts payable after more than one year | 17 | €141,175 | €141,175 | = | 0.0% |
| Financial debts | 170/4 | €141,175 | €141,175 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,068 | €21,768 | -€18,300 | -45.7% |
| Taxes, remuneration and social security | 45 | €18,300 | - | -€18,300 | |
| Taxes | 450/3 | €18,300 | - | -€18,300 | |
| Other amounts payable | 47/48 | €21,768 | €21,768 | = | 0.0% |
| Other operating charges | 640/8 | €348 | €525 | +€177 | +51.0% |
| Non-recurring operating charges | 66A | €74,623 | €105,525 | +€30,903 | +41.4% |
| Gross operating margin | 9900 | -€16,745 | -€7,758 | +€8,987 | +53.7% |
| Operating profit (loss) | 9901 | -€91,715 | -€113,808 | -€22,093 | -24.1% |
| Financial income | 75/76B | - | €1,878 | +€1,878 | |
| Recurring financial income | 75 | - | €1,878 | +€1,878 | |
| Financial charges | 65/66B | €127 | €120 | -€7 | -5.5% |
| Recurring financial charges | 65 | €127 | €120 | -€7 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€91,842 | -€112,050 | -€20,208 | -22.0% |
| Income taxes | 67/77 | - | €100 | +€100 | |
| Profit (loss) for the period | 9904 | -€91,842 | -€112,150 | -€20,308 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,842 | -€112,150 | -€20,308 | -22.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.