C 3: 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.
C 3
Largest movements
- Cash -€164,425
down €164,425 (-58.4%), from €281,723 to €117,298
mainly Investment in fixed assets (net) (-€606,029) and Debts after one year (-€394,260)
- Receivables within one year +€119,939
up €119,939 (+6.6%), from €1.8m to €1.9m
of which Trade receivables: +€83,704
- Intangible fixed assets +€118,170
up €118,170 (+2.6%), from €4.6m to €4.8m
- Profit (loss) carried forward +€559,436
up €559,436, from -€151,755 to €407,681
- Debts after one year -€394,260
down €394,260 (-53.5%), from €737,260 to €343,000
- Accrued charges and deferred income -€70,745
down €70,745 (-93.5%), from €75,643 to €4,898
- Gross operating margin -€962,068
down €962,068 (-36.6%), from €2.6m to €1.7m
- Taxes +€59,735
up €59,735 (+54.3%), from €110,000 to €169,735
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 | €6,740,419 | €6,815,900 | +€75,481 | +1.1% |
| Fixed assets | 21/28 | €4,632,708 | €4,750,878 | +€118,170 | +2.6% |
| Intangible fixed assets | 21 | €4,632,178 | €4,750,348 | +€118,170 | +2.6% |
| Financial fixed assets | 28 | €530 | €530 | = | 0.0% |
| Current assets | 29/58 | €2,107,711 | €2,065,022 | -€42,689 | -2.0% |
| Amounts receivable within one year | 40/41 | €1,822,257 | €1,942,196 | +€119,939 | +6.6% |
| Trade receivables | 40 | €178,678 | €262,382 | +€83,704 | +46.8% |
| Other amounts receivable | 41 | €1,643,579 | €1,679,814 | +€36,235 | +2.2% |
| Cash at bank and in hand | 54/58 | €281,723 | €117,298 | -€164,425 | -58.4% |
| Deferred charges and accrued income | 490/1 | €3,731 | €5,528 | +€1,797 | +48.2% |
| Total equity and liabilities | 10/49 | €6,740,419 | €6,815,900 | +€75,481 | +1.1% |
| Equity | 10/15 | €5,368,265 | €5,927,702 | +€559,436 | +10.4% |
| Contributions | 10/11 | €5,508,245 | €5,508,245 | = | 0.0% |
| Capital | 10 | €5,508,245 | €5,508,245 | = | 0.0% |
| Issued capital | 100 | €5,508,245 | €5,508,245 | = | 0.0% |
| Reserves | 13 | €11,775 | €11,775 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €9,916 | €9,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,755 | €407,681 | +€559,436 | |
| Amounts payable | 17/49 | €1,372,154 | €888,199 | -€483,955 | -35.3% |
| Amounts payable after more than one year | 17 | €737,260 | €343,000 | -€394,260 | -53.5% |
| Financial debts | 170/4 | €737,260 | €343,000 | -€394,260 | -53.5% |
| Amounts payable within one year | 42/48 | €559,250 | €540,301 | -€18,950 | -3.4% |
| Trade debts | 44 | €329,229 | €332,638 | +€3,408 | +1.0% |
| Suppliers | 440/4 | €329,229 | €332,638 | +€3,408 | +1.0% |
| Taxes, remuneration and social security | 45 | €230,021 | €207,663 | -€22,358 | -9.7% |
| Taxes | 450/3 | €133,183 | €127,205 | -€5,978 | -4.5% |
| Remuneration and social security | 454/9 | €96,838 | €80,458 | -€16,380 | -16.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €75,643 | €4,898 | -€70,745 | -93.5% |
| Remuneration, social security and pensions | 62 | €435,795 | €416,376 | -€19,419 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €491,866 | €487,859 | -€4,007 | -0.8% |
| Other operating charges | 640/8 | €14,766 | €7,734 | -€7,032 | -47.6% |
| Non-recurring operating charges | 66A | €407 | €0 | -€407 | -100.0% |
| Gross operating margin | 9900 | €2,627,143 | €1,665,075 | -€962,068 | -36.6% |
| Operating profit (loss) | 9901 | €1,684,309 | €753,106 | -€931,203 | -55.3% |
| Financial income | 75/76B | €1 | €1 | -€0 | -49.0% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -49.0% |
| Financial charges | 65/66B | €43,751 | €23,935 | -€19,816 | -45.3% |
| Recurring financial charges | 65 | €43,751 | €23,935 | -€19,816 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €1,640,559 | €729,172 | -€911,387 | -55.6% |
| Income taxes | 67/77 | €110,000 | €169,735 | +€59,735 | +54.3% |
| Profit (loss) for the period | 9904 | €1,530,559 | €559,436 | -€971,122 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,530,559 | €559,436 | -€971,122 | -63.4% |
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 1 October 2026 via checked.be.