AVANT-PROPOS: 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.
AVANT-PROPOS
Largest movements
- Receivables within one year -€2,162
down €2,162 (-5.6%), from €38,421 to €36,259
of which Other amounts receivable: -€2,172
- Other debts +€7,815
up €7,815 (+28.6%), from €27,278 to €35,093
- Trade debts -€5,781
down €5,781 (-47.1%), from €12,280 to €6,498
- Tax, wage and social debts -€3,609
down €3,609 (-40.1%), from €8,997 to €5,388
- Profit (loss) carried forward -€983
down €983 (-2.1%), from -€47,650 to -€48,633
- Gross operating margin -€32,607
down €32,607, from €32,204 to -€403
- Provisions -€11,765
down €11,765 (-100%), from €11,765 to €0
- Taxes -€4,451
down €4,451 (-100%), from €4,451 to €0
- Financial charges -€2,676
down €2,676 (-98.9%), from €2,706 to €30
of which Non-recurring financial charges: -€2,674
- Write-downs -€1,827
down €1,827 (-100%), from €1,827 to €0
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 | €79,670 | €77,112 | -€2,558 | -3.2% |
| Fixed assets | 21/28 | €50 | €0 | -€50 | -100% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100% |
| Current assets | 29/58 | €79,620 | €77,112 | -€2,508 | -3.2% |
| Stocks and contracts in progress | 3 | €41,195 | €40,843 | -€352 | -0.9% |
| Stocks | 30/36 | €41,195 | €40,843 | -€352 | -0.9% |
| Amounts receivable within one year | 40/41 | €38,421 | €36,259 | -€2,162 | -5.6% |
| Trade receivables | 40 | €30,471 | €30,481 | +€10 | 0.0% |
| Other amounts receivable | 41 | €7,950 | €5,779 | -€2,172 | -27.3% |
| Cash at bank and in hand | 54/58 | €4 | €9 | +€5 | +131% |
| Total equity and liabilities | 10/49 | €79,670 | €77,112 | -€2,558 | -3.2% |
| Equity | 10/15 | €14,350 | €13,367 | -€983 | -6.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,650 | -€48,633 | -€983 | -2.1% |
| Provisions and deferred taxes | 16 | €16,765 | €16,765 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,765 | €16,765 | = | 0.0% |
| Environmental obligations | 163 | €5,000 | €5,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €11,765 | €11,765 | = | 0.0% |
| Amounts payable | 17/49 | €48,555 | €46,979 | -€1,575 | -3.2% |
| Amounts payable within one year | 42/48 | €48,555 | €46,979 | -€1,575 | -3.2% |
| Trade debts | 44 | €12,280 | €6,498 | -€5,781 | -47.1% |
| Suppliers | 440/4 | €12,280 | €6,498 | -€5,781 | -47.1% |
| Taxes, remuneration and social security | 45 | €8,997 | €5,388 | -€3,609 | -40.1% |
| Taxes | 450/3 | €8,997 | €5,388 | -€3,609 | -40.1% |
| Other amounts payable | 47/48 | €27,278 | €35,093 | +€7,815 | +28.6% |
| Non-recurring operating income | 76A | €33,792 | €0 | -€33,792 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,827 | €0 | -€1,827 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €11,765 | €0 | -€11,765 | -100% |
| Other operating charges | 640/8 | €1,195 | €550 | -€645 | -54.0% |
| Gross operating margin | 9900 | €32,204 | -€403 | -€32,607 | |
| Operating profit (loss) | 9901 | €17,417 | -€953 | -€18,370 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,706 | €30 | -€2,676 | -98.9% |
| Recurring financial charges | 65 | €32 | €30 | -€2 | -5.7% |
| Non-recurring financial charges | 66B | €2,674 | €0 | -€2,674 | -100% |
| Profit (loss) for the period before taxes | 9903 | €14,711 | -€983 | -€15,694 | |
| Income taxes | 67/77 | €4,451 | €0 | -€4,451 | -100% |
| Profit (loss) for the period | 9904 | €10,260 | -€983 | -€11,243 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,260 | -€983 | -€11,243 |
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 17 October 2026 via checked.be.