B.S.E.: 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.
B.S.E.
Largest movements
- Cash -€2,671
down €2,671 (-71.6%), from €3,731 to €1,060
mainly Net result for the year (-€5,392) and Tax, wage and social debts (-€800)
- Deferred charges and accrued income -€2,273
down €2,273 (-22.6%), from €10,039 to €7,766
- Tangible fixed assets -€928
down €928 (-21.0%), from €4,426 to €3,498
- Formation expenses -€562
down €562 (-28.5%), from €1,976 to €1,413
- Profit (loss) carried forward -€5,392
new in 2024: -€5,392
- Tax, wage and social debts -€800
down €800 (-15.7%), from €5,080 to €4,280
of which Remuneration and social security: -€400
- Trade debts -€321
down €321 (-48.3%), from €664 to €343
- Turnover -€112,760
down €112,760 (-77.6%), from €145,344 to €32,584
- Purchases and services -€92,300
down €92,300 (-70.4%), from €131,024 to €38,724
- Gross operating margin -€17,739
down €17,739, from €14,320 to -€3,419
- Taxes -€3,779
down €3,779 (-93.8%), from €4,030 to €250
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 | €20,625 | €14,168 | -€6,457 | -31.3% |
| Formation expenses | 20 | €1,976 | €1,413 | -€562 | -28.5% |
| Fixed assets | 21/28 | €4,426 | €3,498 | -€928 | -21.0% |
| Tangible fixed assets | 22/27 | €4,426 | €3,498 | -€928 | -21.0% |
| Furniture and vehicles | 24 | €4,426 | €3,498 | -€928 | -21.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €14,223 | €9,257 | -€4,967 | -34.9% |
| Amounts receivable within one year | 40/41 | €453 | €430 | -€22 | -4.9% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €453 | €430 | -€22 | -4.9% |
| Cash at bank and in hand | 54/58 | €3,731 | €1,060 | -€2,671 | -71.6% |
| Deferred charges and accrued income | 490/1 | €10,039 | €7,766 | -€2,273 | -22.6% |
| Total equity and liabilities | 10/49 | €20,625 | €14,168 | -€6,457 | -31.3% |
| Equity | 10/15 | €14,881 | €9,488 | -€5,392 | -36.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,881 | €9,881 | = | 0.0% |
| Distributable reserves | 133 | €9,881 | €9,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,392 | -€5,392 | |
| Amounts payable | 17/49 | €5,744 | €4,680 | -€1,064 | -18.5% |
| Amounts payable within one year | 42/48 | €5,744 | €4,680 | -€1,064 | -18.5% |
| Trade debts | 44 | €664 | €343 | -€321 | -48.3% |
| Suppliers | 440/4 | €664 | €343 | -€321 | -48.3% |
| Taxes, remuneration and social security | 45 | €5,080 | €4,280 | -€800 | -15.7% |
| Taxes | 450/3 | €4,680 | €4,280 | -€400 | -8.5% |
| Remuneration and social security | 454/9 | €400 | €0 | -€400 | -100.0% |
| Other amounts payable | 47/48 | €0 | €56 | +€56 | |
| Turnover | 70 | €145,344 | €32,584 | -€112,760 | -77.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €131,024 | €38,724 | -€92,300 | -70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,495 | €1,490 | -€5 | -0.3% |
| Other operating charges | 640/8 | €62 | €158 | +€96 | +155.0% |
| Gross operating margin | 9900 | €14,320 | -€3,419 | -€17,739 | |
| Operating profit (loss) | 9901 | €12,764 | -€5,067 | -€17,831 | |
| Financial income | 75/76B | €1,447 | - | -€1,447 | |
| Recurring financial income | 75 | €1,447 | - | -€1,447 | |
| Financial charges | 65/66B | €300 | €75 | -€225 | -75.0% |
| Recurring financial charges | 65 | €300 | €75 | -€225 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €13,911 | -€5,142 | -€19,053 | |
| Income taxes | 67/77 | €4,030 | €250 | -€3,779 | -93.8% |
| Profit (loss) for the period | 9904 | €9,881 | -€5,392 | -€15,273 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,881 | -€5,392 | -€15,273 |
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 30 September 2026 via checked.be.