C.S.G.: 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.
C.S.G.
Largest movements
- Receivables within one year -€46,065
down €46,065 (-58.0%), from €79,401 to €33,336
of which Trade receivables: -€26,426
- Cash +€16,139
up €16,139 (+364%), from €4,437 to €20,577
mainly Receivables within one year (+€46,065) and Trade debts (+€30,782)
- Profit (loss) carried forward -€64,874
down €64,874, from €10,199 to -€54,675
- Trade debts +€30,782
up €30,782 (+1,454%), from €2,117 to €32,899
- Other debts +€2,579
up €2,579, from €0 to €2,579
- Tax, wage and social debts +€1,282
up €1,282 (+258%), from €497 to €1,779
- Other operating charges -€11,125
down €11,125 (-92.7%), from €12,005 to €880
- Gross operating margin +€6,576
up €6,576 (+9.5%), from -€69,309 to -€62,733
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 | €85,685 | €55,455 | -€30,230 | -35.3% |
| Fixed assets | 21/28 | €1,651 | €1,481 | -€170 | -10.3% |
| Tangible fixed assets | 22/27 | €535 | €364 | -€170 | -31.8% |
| Plant, machinery and equipment | 23 | €535 | €364 | -€170 | -31.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,117 | €1,117 | = | 0.0% |
| Current assets | 29/58 | €84,034 | €53,974 | -€30,060 | -35.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €79,401 | €33,336 | -€46,065 | -58.0% |
| Trade receivables | 40 | €50,676 | €24,250 | -€26,426 | -52.1% |
| Other amounts receivable | 41 | €28,725 | €9,086 | -€19,639 | -68.4% |
| Cash at bank and in hand | 54/58 | €4,437 | €20,577 | +€16,139 | +364% |
| Deferred charges and accrued income | 490/1 | €196 | €62 | -€135 | -68.6% |
| Total equity and liabilities | 10/49 | €85,685 | €55,455 | -€30,230 | -35.3% |
| Equity | 10/15 | €83,072 | €18,198 | -€64,874 | -78.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,273 | €54,273 | = | 0.0% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Reserves not available under the articles | 1311 | €930 | €930 | = | 0.0% |
| Distributable reserves | 133 | €53,343 | €53,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,199 | -€54,675 | -€64,874 | |
| Amounts payable | 17/49 | €2,614 | €37,257 | +€34,643 | +1,325% |
| Amounts payable within one year | 42/48 | €2,614 | €37,257 | +€34,643 | +1,325% |
| Trade debts | 44 | €2,117 | €32,899 | +€30,782 | +1,454% |
| Suppliers | 440/4 | €2,117 | €32,899 | +€30,782 | +1,454% |
| Taxes, remuneration and social security | 45 | €497 | €1,779 | +€1,282 | +258% |
| Taxes | 450/3 | €497 | €1,779 | +€1,282 | +258% |
| Other amounts payable | 47/48 | €0 | €2,579 | +€2,579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €595 | €170 | -€425 | -71.4% |
| Other operating charges | 640/8 | €12,005 | €880 | -€11,125 | -92.7% |
| Gross operating margin | 9900 | -€69,309 | -€62,733 | +€6,576 | +9.5% |
| Operating profit (loss) | 9901 | -€81,910 | -€63,784 | +€18,126 | +22.1% |
| Financial income | 75/76B | €465 | €0 | -€465 | -100% |
| Recurring financial income | 75 | €465 | €0 | -€465 | -100% |
| Financial charges | 65/66B | €896 | €1,090 | +€194 | +21.6% |
| Recurring financial charges | 65 | €896 | €1,090 | +€194 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | -€82,341 | -€64,874 | +€17,467 | +21.2% |
| Income taxes | 67/77 | €72 | €0 | -€72 | -100% |
| Profit (loss) for the period | 9904 | -€82,413 | -€64,874 | +€17,539 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,413 | -€64,874 | +€17,539 | +21.3% |
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 16 October 2026 via checked.be.