ACTE 1: 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.
ACTE 1
Largest movements
- Cash -€43,156
down €43,156 (-44.6%), from €96,749 to €53,593
mainly Investment in fixed assets (net) (-€37,838) and Other debts (-€16,600)
- Tangible fixed assets +€32,691
up €32,691 (+1322.9%), from €2,471 to €35,162
- Other debts -€16,600
no longer reported in 2024 (was €16,600)
- Tax, wage and social debts +€4,457
up €4,457 (+51.8%), from €8,599 to €13,056
- Debts after one year +€2,402
up €2,402 (+4.2%), from €57,850 to €60,253
- Gross operating margin -€7,979
down €7,979 (-33.1%), from €24,102 to €16,123
- Financial charges +€6,032
up €6,032 (+461.7%), from €1,306 to €7,338
- Taxes -€4,143
down €4,143 (-67.5%), from €6,133 to €1,990
- Depreciation +€3,867
up €3,867 (+301.9%), from €1,281 to €5,147
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 | €112,319 | €102,588 | -€9,732 | -8.7% |
| Fixed assets | 21/28 | €2,521 | €35,212 | +€32,691 | +1296.6% |
| Tangible fixed assets | 22/27 | €2,471 | €35,162 | +€32,691 | +1322.9% |
| Furniture and vehicles | 24 | €2,471 | €35,162 | +€32,691 | +1322.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €109,798 | €67,375 | -€42,423 | -38.6% |
| Amounts receivable within one year | 40/41 | €11,011 | €11,482 | +€471 | +4.3% |
| Trade receivables | 40 | €11,011 | €11,482 | +€471 | +4.3% |
| Cash at bank and in hand | 54/58 | €96,749 | €53,593 | -€43,156 | -44.6% |
| Deferred charges and accrued income | 490/1 | €2,038 | €2,301 | +€263 | +12.9% |
| Total equity and liabilities | 10/49 | €112,319 | €102,588 | -€9,732 | -8.7% |
| Equity | 10/15 | €29,015 | €29,032 | +€18 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,000 | €36,000 | = | 0.0% |
| Distributable reserves | 133 | €36,000 | €36,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,585 | -€25,568 | +€18 | +0.1% |
| Amounts payable | 17/49 | €83,305 | €73,555 | -€9,750 | -11.7% |
| Amounts payable after more than one year | 17 | €57,850 | €60,253 | +€2,402 | +4.2% |
| Other amounts payable | 178/9 | €57,850 | €60,253 | +€2,402 | +4.2% |
| Amounts payable within one year | 42/48 | €25,455 | €13,303 | -€12,152 | -47.7% |
| Trade debts | 44 | €255 | €247 | -€9 | -3.4% |
| Suppliers | 440/4 | €255 | €247 | -€9 | -3.4% |
| Taxes, remuneration and social security | 45 | €8,599 | €13,056 | +€4,457 | +51.8% |
| Taxes | 450/3 | €8,599 | €13,056 | +€4,457 | +51.8% |
| Other amounts payable | 47/48 | €16,600 | - | -€16,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,281 | €5,147 | +€3,867 | +301.9% |
| Other operating charges | 640/8 | €1,650 | €1,806 | +€157 | +9.5% |
| Gross operating margin | 9900 | €24,102 | €16,123 | -€7,979 | -33.1% |
| Operating profit (loss) | 9901 | €21,171 | €9,170 | -€12,002 | -56.7% |
| Financial income | 75/76B | €5 | €176 | +€171 | +3274.2% |
| Recurring financial income | 75 | €5 | €176 | +€171 | +3274.2% |
| Financial charges | 65/66B | €1,306 | €7,338 | +€6,032 | +461.7% |
| Recurring financial charges | 65 | €1,306 | €7,338 | +€6,032 | +461.7% |
| Profit (loss) for the period before taxes | 9903 | €19,870 | €2,008 | -€17,862 | -89.9% |
| Income taxes | 67/77 | €6,133 | €1,990 | -€4,143 | -67.5% |
| Profit (loss) for the period | 9904 | €13,737 | €18 | -€13,719 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,737 | €18 | -€13,719 | -99.9% |
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 9 October 2026 via checked.be.