Brussels Copy 44: 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.
Brussels Copy 44
Largest movements
- Tangible fixed assets -€66,126
down €66,126 (-72.8%), from €90,848 to €24,722
of which Land and buildings: -€49,026
- Receivables within one year -€25,540
down €25,540 (-12.0%), from €212,364 to €186,824
of which Other amounts receivable: -€25,798
- Cash -€15,605
down €15,605 (-50.5%), from €30,891 to €15,286
mainly Net result for the year (-€86,704) and Trade debts (-€43,749)
- Profit (loss) carried forward -€86,704
down €86,704 (-21.6%), from -€400,509 to -€487,213
- Trade debts -€43,749
down €43,749 (-33.3%), from €131,242 to €87,493
- Tax, wage and social debts +€34,322
up €34,322 (+259%), from €13,237 to €47,559
of which Taxes: +€34,322
- Debts after one year -€20,269
down €20,269 (-3.5%), from €574,007 to €553,737
- Other debts +€8,000
new in 2024: €8,000
- Gross operating margin -€64,025
down €64,025 (-76.5%), from €83,727 to €19,702
- Depreciation -€58,474
down €58,474 (-90.3%), from €64,771 to €6,297
- Taxes +€45,174
up €45,174 (+30,769%), from €147 to €45,321
- Financial charges +€10,559
up €10,559 (+2,792%), from €378 to €10,938
- Staff costs -€6,517
down €6,517 (-81.0%), from €8,041 to €1,524
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 | €337,424 | €229,023 | -€108,401 | -32.1% |
| Fixed assets | 21/28 | €92,433 | €25,872 | -€66,561 | -72.0% |
| Intangible fixed assets | 21 | €435 | - | -€435 | |
| Tangible fixed assets | 22/27 | €90,848 | €24,722 | -€66,126 | -72.8% |
| Land and buildings | 22 | €49,026 | - | -€49,026 | |
| Plant, machinery and equipment | 23 | €5,409 | - | -€5,409 | |
| Furniture and vehicles | 24 | €36,413 | €24,722 | -€11,691 | -32.1% |
| Financial fixed assets | 28 | €1,150 | €1,150 | = | 0.0% |
| Current assets | 29/58 | €244,991 | €203,151 | -€41,839 | -17.1% |
| Amounts receivable within one year | 40/41 | €212,364 | €186,824 | -€25,540 | -12.0% |
| Trade receivables | 40 | €40,085 | €40,342 | +€257 | +0.6% |
| Other amounts receivable | 41 | €172,279 | €146,481 | -€25,798 | -15.0% |
| Cash at bank and in hand | 54/58 | €30,891 | €15,286 | -€15,605 | -50.5% |
| Deferred charges and accrued income | 490/1 | €1,736 | €1,041 | -€695 | -40.0% |
| Total equity and liabilities | 10/49 | €337,424 | €229,023 | -€108,401 | -32.1% |
| Equity | 10/15 | -€381,909 | -€468,613 | -€86,704 | -22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€400,509 | -€487,213 | -€86,704 | -21.6% |
| Amounts payable | 17/49 | €719,333 | €697,637 | -€21,696 | -3.0% |
| Amounts payable after more than one year | 17 | €574,007 | €553,737 | -€20,269 | -3.5% |
| Other amounts payable | 178/9 | €574,007 | €553,737 | -€20,269 | -3.5% |
| Amounts payable within one year | 42/48 | €144,479 | €143,052 | -€1,427 | -1.0% |
| Trade debts | 44 | €131,242 | €87,493 | -€43,749 | -33.3% |
| Suppliers | 440/4 | €131,242 | €87,493 | -€43,749 | -33.3% |
| Taxes, remuneration and social security | 45 | €13,237 | €47,559 | +€34,322 | +259% |
| Taxes | 450/3 | €2,301 | €36,622 | +€34,322 | +1,492% |
| Remuneration and social security | 454/9 | €10,937 | €10,937 | = | 0.0% |
| Other amounts payable | 47/48 | - | €8,000 | +€8,000 | |
| Accrued charges and deferred income | 492/3 | €848 | €848 | = | 0.0% |
| Non-recurring operating income | 76A | - | €4,185 | +€4,185 | |
| Remuneration, social security and pensions | 62 | €8,041 | €1,524 | -€6,517 | -81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,771 | €6,297 | -€58,474 | -90.3% |
| Other operating charges | 640/8 | €1,432 | €1,118 | -€314 | -21.9% |
| Non-recurring operating charges | 66A | - | €42,492 | +€42,492 | |
| Gross operating margin | 9900 | €83,727 | €19,702 | -€64,025 | -76.5% |
| Operating profit (loss) | 9901 | €9,483 | -€31,729 | -€41,212 | |
| Financial income | 75/76B | €0 | €1,284 | +€1,284 | +2,567,820% |
| Recurring financial income | 75 | €0 | €1,284 | +€1,284 | +2,567,820% |
| Financial charges | 65/66B | €378 | €10,938 | +€10,559 | +2,792% |
| Recurring financial charges | 65 | €378 | €10,938 | +€10,559 | +2,792% |
| Profit (loss) for the period before taxes | 9903 | €9,105 | -€41,383 | -€50,488 | |
| Income taxes | 67/77 | €147 | €45,321 | +€45,174 | +30,769% |
| Profit (loss) for the period | 9904 | €8,958 | -€86,704 | -€95,662 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,958 | -€86,704 | -€95,662 |
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 24 October 2026 via checked.be.