Boundbreakers: 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.
Boundbreakers
Largest movements
- Intangible fixed assets -€171,711
no longer reported in 2024 (was €171,711)
- Cash -€90,401
down €90,401 (-75.8%), from €119,288 to €28,887
mainly Net result for the year (-€131,675) and Accrued charges and deferred income (-€109,311)
- Receivables within one year +€51,544
up €51,544 (+102.8%), from €50,142 to €101,686
of which Trade receivables: +€68,314
- Deferred charges and accrued income -€42,790
no longer reported in 2024 (was €42,790)
- Tangible fixed assets -€23,135
down €23,135 (-69.9%), from €33,077 to €9,942
of which Furniture and vehicles: -€22,818
- Profit (loss) carried forward -€131,675
new in 2024: -€131,675
- Accrued charges and deferred income -€109,311
no longer reported in 2024 (was €109,311)
- Investment grants -€34,375
no longer reported in 2024 (was €34,375)
- Trade debts +€16,764
up €16,764 (+9.6%), from €174,947 to €191,711
- Short-term financial debts +€14,000
new in 2024: €14,000
- Gross operating margin -€185,464
down €185,464 (-63.0%), from €294,242 to €108,778
- Depreciation +€152,402
up €152,402 (+565.7%), from €26,939 to €179,342
- Financial income +€106,250
up €106,250 (+3400.0%), from €3,125 to €109,375
- Staff costs -€51,410
down €51,410 (-21.0%), from €245,175 to €193,764
- Taxes -€5,021
no longer reported in 2024 (was €5,021)
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 | €417,007 | €140,515 | -€276,492 | -66.3% |
| Fixed assets | 21/28 | €204,787 | €9,942 | -€194,845 | -95.1% |
| Intangible fixed assets | 21 | €171,711 | - | -€171,711 | |
| Tangible fixed assets | 22/27 | €33,077 | €9,942 | -€23,135 | -69.9% |
| Plant, machinery and equipment | 23 | €1,391 | €1,075 | -€317 | -22.8% |
| Furniture and vehicles | 24 | €31,685 | €8,867 | -€22,818 | -72.0% |
| Current assets | 29/58 | €212,219 | €130,573 | -€81,647 | -38.5% |
| Amounts receivable within one year | 40/41 | €50,142 | €101,686 | +€51,544 | +102.8% |
| Trade receivables | 40 | €29,393 | €97,707 | +€68,314 | +232.4% |
| Other amounts receivable | 41 | €20,749 | €3,979 | -€16,770 | -80.8% |
| Cash at bank and in hand | 54/58 | €119,288 | €28,887 | -€90,401 | -75.8% |
| Deferred charges and accrued income | 490/1 | €42,790 | - | -€42,790 | |
| Total equity and liabilities | 10/49 | €417,007 | €140,515 | -€276,492 | -66.3% |
| Equity | 10/15 | €52,539 | -€113,510 | -€166,050 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €8,164 | €8,164 | = | 0.0% |
| Distributable reserves | 133 | €8,164 | €8,164 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€131,675 | -€131,675 | |
| Investment grants | 15 | €34,375 | - | -€34,375 | |
| Provisions and deferred taxes | 16 | €12,500 | - | -€12,500 | |
| Deferred taxes | 168 | €12,500 | - | -€12,500 | |
| Amounts payable | 17/49 | €351,967 | €254,025 | -€97,942 | -27.8% |
| Amounts payable after more than one year | 17 | €21,696 | €8,860 | -€12,837 | -59.2% |
| Financial debts | 170/4 | €21,696 | €8,860 | -€12,837 | -59.2% |
| Amounts payable within one year | 42/48 | €220,960 | €245,165 | +€24,205 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €12,312 | €12,837 | +€524 | +4.3% |
| Financial debts | 43 | - | €14,000 | +€14,000 | |
| Credit institutions | 430/8 | - | €14,000 | +€14,000 | |
| Trade debts | 44 | €174,947 | €191,711 | +€16,764 | +9.6% |
| Suppliers | 440/4 | €174,947 | €191,711 | +€16,764 | +9.6% |
| Taxes, remuneration and social security | 45 | €33,701 | €26,617 | -€7,084 | -21.0% |
| Taxes | 450/3 | €5,448 | €5,712 | +€264 | +4.8% |
| Remuneration and social security | 454/9 | €28,253 | €20,905 | -€7,348 | -26.0% |
| Accrued charges and deferred income | 492/3 | €109,311 | - | -€109,311 | |
| Non-recurring operating income | 76A | - | €3,916 | +€3,916 | |
| Remuneration, social security and pensions | 62 | €245,175 | €193,764 | -€51,410 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,939 | €179,342 | +€152,402 | +565.7% |
| Other operating charges | 640/8 | €274 | - | -€274 | |
| Gross operating margin | 9900 | €294,242 | €108,778 | -€185,464 | -63.0% |
| Operating profit (loss) | 9901 | €21,854 | -€264,328 | -€286,181 | |
| Financial income | 75/76B | €3,125 | €109,375 | +€106,250 | +3400.0% |
| Recurring financial income | 75 | €3,125 | €109,375 | +€106,250 | +3400.0% |
| Financial charges | 65/66B | €11,793 | €14,222 | +€2,429 | +20.6% |
| Recurring financial charges | 65 | €11,793 | €14,222 | +€2,429 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €13,186 | -€169,175 | -€182,360 | |
| Transfer from deferred taxes | 780 | - | €37,500 | +€37,500 | |
| Income taxes | 67/77 | €5,021 | - | -€5,021 | |
| Profit (loss) for the period | 9904 | €8,164 | -€131,675 | -€139,839 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,164 | -€131,675 | -€139,839 |
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 4 October 2026 via checked.be.