C DIVISION: 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 DIVISION
Largest movements
- Stocks and contracts -€31,406
down €31,406 (-6.5%), from €481,725 to €450,319
- Receivables within one year -€19,390
down €19,390 (-94.1%), from €20,600 to €1,210
- Tangible fixed assets +€17,512
up €17,512 (+551.3%), from €3,177 to €20,689
of which Plant, machinery and equipment: +€10,518
- Profit (loss) carried forward -€47,878
down €47,878 (-78.7%), from -€60,865 to -€108,743
- Trade debts +€12,276
up €12,276 (+1682.5%), from €730 to €13,006
- Tax, wage and social debts +€6,295
up €6,295 (+44.0%), from €14,306 to €20,601
- Gross operating margin -€77,287
down €77,287, from €39,340 to -€37,947
- Financial income -€4,296
down €4,296 (-95.0%), from €4,520 to €224
- Financial charges -€2,624
down €2,624 (-28.4%), from €9,251 to €6,627
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 | €515,001 | €485,321 | -€29,680 | -5.8% |
| Fixed assets | 21/28 | €3,177 | €20,689 | +€17,512 | +551.3% |
| Tangible fixed assets | 22/27 | €3,177 | €20,689 | +€17,512 | +551.3% |
| Land and buildings | 22 | - | €8,400 | +€8,400 | |
| Plant, machinery and equipment | 23 | - | €10,518 | +€10,518 | |
| Other tangible fixed assets | 26 | €3,177 | €1,771 | -€1,406 | -44.3% |
| Current assets | 29/58 | €511,824 | €464,633 | -€47,192 | -9.2% |
| Stocks and contracts in progress | 3 | €481,725 | €450,319 | -€31,406 | -6.5% |
| Stocks | 30/36 | €481,725 | €450,319 | -€31,406 | -6.5% |
| Amounts receivable within one year | 40/41 | €20,600 | €1,210 | -€19,390 | -94.1% |
| Trade receivables | 40 | €20,600 | €1,210 | -€19,390 | -94.1% |
| Cash at bank and in hand | 54/58 | €7,366 | €10,446 | +€3,080 | +41.8% |
| Deferred charges and accrued income | 490/1 | €2,134 | €2,658 | +€524 | +24.6% |
| Total equity and liabilities | 10/49 | €515,001 | €485,321 | -€29,680 | -5.8% |
| Equity | 10/15 | -€42,265 | -€90,143 | -€47,878 | -113.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,865 | -€108,743 | -€47,878 | -78.7% |
| Amounts payable | 17/49 | €557,266 | €575,464 | +€18,198 | +3.3% |
| Amounts payable within one year | 42/48 | €557,266 | €575,464 | +€18,198 | +3.3% |
| Financial debts | 43 | €100,000 | €100,018 | +€18 | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,018 | +€18 | 0.0% |
| Trade debts | 44 | €730 | €13,006 | +€12,276 | +1682.5% |
| Suppliers | 440/4 | €730 | €13,006 | +€12,276 | +1682.5% |
| Taxes, remuneration and social security | 45 | €14,306 | €20,601 | +€6,295 | +44.0% |
| Taxes | 450/3 | €14,306 | €20,601 | +€6,295 | +44.0% |
| Other amounts payable | 47/48 | €442,230 | €441,839 | -€391 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,406 | €1,738 | +€332 | +23.6% |
| Other operating charges | 640/8 | €1,981 | €1,790 | -€190 | -9.6% |
| Gross operating margin | 9900 | €39,340 | -€37,947 | -€77,287 | |
| Operating profit (loss) | 9901 | €35,953 | -€41,476 | -€77,429 | |
| Financial income | 75/76B | €4,520 | €224 | -€4,296 | -95.0% |
| Recurring financial income | 75 | €4,520 | €224 | -€4,296 | -95.0% |
| Financial charges | 65/66B | €9,251 | €6,627 | -€2,624 | -28.4% |
| Recurring financial charges | 65 | €9,251 | €6,627 | -€2,624 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €31,223 | -€47,878 | -€79,101 | |
| Profit (loss) for the period | 9904 | €31,223 | -€47,878 | -€79,101 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,223 | -€47,878 | -€79,101 |
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 3 October 2026 via checked.be.