AS FINANCE: 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.
AS FINANCE
Largest movements
- Deferred charges and accrued income -€10,100
down €10,100 (-97.1%), from €10,402 to €302
- Tangible fixed assets -€8,019
no longer reported in 2024 (was €8,019)
of which Furniture and vehicles: -€6,649
- Receivables within one year +€948
up €948 (+16.2%), from €5,842 to €6,790
of which Trade receivables: +€4,500
- Cash +€593
up €593 (+2,774%), from €21 to €615
mainly Deferred charges and accrued income (+€10,100) and Investment in fixed assets (net) (+€8,019)
- Other debts -€15,689
no longer reported in 2024 (was €15,689)
- Profit (loss) carried forward -€1,476
down €1,476 (-5.1%), from -€28,698 to -€30,175
- Short-term financial debts +€1,337
up €1,337 (+17.6%), from €7,603 to €8,940
- Trade debts -€749
down €749 (-21.2%), from €3,538 to €2,789
- Depreciation -€3,084
no longer reported in 2024 (was €3,084)
- Other operating charges +€2,428
new in 2024: €2,428
- Gross operating margin +€1,935
up €1,935 (+100%), from €1,930 to €3,866
- Financial charges -€382
down €382 (-19.9%), from €1,925 to €1,543
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 | €26,254 | €9,676 | -€16,578 | -63.1% |
| Fixed assets | 21/28 | €9,989 | €1,970 | -€8,019 | -80.3% |
| Tangible fixed assets | 22/27 | €8,019 | - | -€8,019 | |
| Furniture and vehicles | 24 | €6,649 | - | -€6,649 | |
| Other tangible fixed assets | 26 | €1,371 | - | -€1,371 | |
| Financial fixed assets | 28 | €1,970 | €1,970 | = | 0.0% |
| Current assets | 29/58 | €16,265 | €7,706 | -€8,558 | -52.6% |
| Amounts receivable within one year | 40/41 | €5,842 | €6,790 | +€948 | +16.2% |
| Trade receivables | 40 | - | €4,500 | +€4,500 | |
| Other amounts receivable | 41 | €5,842 | €2,290 | -€3,552 | -60.8% |
| Cash at bank and in hand | 54/58 | €21 | €615 | +€593 | +2,774% |
| Deferred charges and accrued income | 490/1 | €10,402 | €302 | -€10,100 | -97.1% |
| Total equity and liabilities | 10/49 | €26,254 | €9,676 | -€16,578 | -63.1% |
| Equity | 10/15 | -€7,835 | -€9,311 | -€1,476 | -18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,264 | €2,264 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,264 | €2,264 | = | 0.0% |
| Legal reserve | 130 | €2,264 | €2,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,698 | -€30,175 | -€1,476 | -5.1% |
| Amounts payable | 17/49 | €34,089 | €18,987 | -€15,102 | -44.3% |
| Amounts payable within one year | 42/48 | €34,089 | €18,987 | -€15,102 | -44.3% |
| Financial debts | 43 | €7,603 | €8,940 | +€1,337 | +17.6% |
| Credit institutions | 430/8 | €7,603 | €8,940 | +€1,337 | +17.6% |
| Trade debts | 44 | €3,538 | €2,789 | -€749 | -21.2% |
| Suppliers | 440/4 | €3,538 | €2,789 | -€749 | -21.2% |
| Taxes, remuneration and social security | 45 | €7,258 | €7,258 | = | 0.0% |
| Taxes | 450/3 | €7,258 | €7,258 | = | 0.0% |
| Other amounts payable | 47/48 | €15,689 | - | -€15,689 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,084 | - | -€3,084 | |
| Other operating charges | 640/8 | - | €2,428 | +€2,428 | |
| Non-recurring operating charges | 66A | - | €1,371 | +€1,371 | |
| Gross operating margin | 9900 | €1,930 | €3,866 | +€1,935 | +100% |
| Operating profit (loss) | 9901 | -€1,154 | €67 | +€1,221 | |
| Financial charges | 65/66B | €1,925 | €1,543 | -€382 | -19.9% |
| Recurring financial charges | 65 | €1,925 | €1,543 | -€382 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,079 | -€1,476 | +€1,603 | +52.1% |
| Profit (loss) for the period | 9904 | -€3,079 | -€1,476 | +€1,603 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,079 | -€1,476 | +€1,603 | +52.1% |
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 30 October 2026 via checked.be.