C2: 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.
C2
Largest movements
- Receivables within one year -€24,085
down €24,085 (-46.8%), from €51,467 to €27,383
of which Trade receivables: -€32,340
- Tangible fixed assets -€8,974
down €8,974 (-61.0%), from €14,707 to €5,734
of which Furniture and vehicles: -€9,229
- Cash -€4,228
down €4,228 (-100%), from €4,228 to €0
mainly Net result for the year (-€39,072) and Tax, wage and social debts (-€26,230)
- Deferred charges and accrued income -€960
down €960 (-23.7%), from €4,050 to €3,090
- Profit (loss) carried forward -€39,072
down €39,072, from €2,845 to -€36,227
- Tax, wage and social debts -€26,230
down €26,230 (-58.0%), from €45,200 to €18,970
of which Remuneration and social security: -€16,143
- Other debts +€18,885
up €18,885 (+369%), from €5,114 to €23,999
- Trade debts +€9,940
up €9,940 (+66.2%), from €15,025 to €24,965
- Current portion of long-term debt -€4,801
down €4,801 (-82.2%), from €5,843 to €1,042
- Gross operating margin -€115,017
down €115,017 (-54.7%), from €210,443 to €95,426
- Write-downs -€37,171
down €37,171 (-84.8%), from €43,830 to €6,659
- Staff costs -€13,296
down €13,296 (-10.6%), from €125,353 to €112,057
- Depreciation -€4,677
down €4,677 (-49.7%), from €9,403 to €4,726
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 | €77,027 | €38,009 | -€39,018 | -50.7% |
| Formation expenses | 20 | €131 | €0 | -€131 | -100% |
| Fixed assets | 21/28 | €17,150 | €7,536 | -€9,614 | -56.1% |
| Intangible fixed assets | 21 | €2,443 | €1,803 | -€640 | -26.2% |
| Tangible fixed assets | 22/27 | €14,707 | €5,734 | -€8,974 | -61.0% |
| Plant, machinery and equipment | 23 | €2,307 | €2,563 | +€256 | +11.1% |
| Furniture and vehicles | 24 | €10,200 | €971 | -€9,229 | -90.5% |
| Other tangible fixed assets | 26 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €59,746 | €30,473 | -€29,273 | -49.0% |
| Amounts receivable within one year | 40/41 | €51,467 | €27,383 | -€24,085 | -46.8% |
| Trade receivables | 40 | €46,923 | €14,583 | -€32,340 | -68.9% |
| Other amounts receivable | 41 | €4,544 | €12,800 | +€8,255 | +182% |
| Cash at bank and in hand | 54/58 | €4,228 | €0 | -€4,228 | -100% |
| Deferred charges and accrued income | 490/1 | €4,050 | €3,090 | -€960 | -23.7% |
| Total equity and liabilities | 10/49 | €77,027 | €38,009 | -€39,018 | -50.7% |
| Equity | 10/15 | €5,845 | -€33,227 | -€39,072 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,845 | -€36,227 | -€39,072 | |
| Amounts payable | 17/49 | €71,182 | €71,236 | +€54 | +0.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €71,182 | €71,236 | +€54 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €5,843 | €1,042 | -€4,801 | -82.2% |
| Financial debts | 43 | - | €2,261 | +€2,261 | |
| Credit institutions | 430/8 | - | €2,261 | +€2,261 | |
| Trade debts | 44 | €15,025 | €24,965 | +€9,940 | +66.2% |
| Suppliers | 440/4 | €15,025 | €24,965 | +€9,940 | +66.2% |
| Taxes, remuneration and social security | 45 | €45,200 | €18,970 | -€26,230 | -58.0% |
| Taxes | 450/3 | €12,363 | €2,275 | -€10,088 | -81.6% |
| Remuneration and social security | 454/9 | €32,838 | €16,695 | -€16,143 | -49.2% |
| Other amounts payable | 47/48 | €5,114 | €23,999 | +€18,885 | +369% |
| Non-recurring operating income | 76A | €43,830 | €3,081 | -€40,749 | -93.0% |
| Remuneration, social security and pensions | 62 | €125,353 | €112,057 | -€13,296 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,403 | €4,726 | -€4,677 | -49.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,830 | €6,659 | -€37,171 | -84.8% |
| Other operating charges | 640/8 | €7,041 | €7,929 | +€888 | +12.6% |
| Non-recurring operating charges | 66A | €2,072 | €0 | -€2,072 | -100% |
| Gross operating margin | 9900 | €210,443 | €95,426 | -€115,017 | -54.7% |
| Operating profit (loss) | 9901 | €22,744 | -€35,944 | -€58,689 | |
| Financial income | 75/76B | €515 | €315 | -€201 | -38.9% |
| Recurring financial income | 75 | €515 | €315 | -€201 | -38.9% |
| Financial charges | 65/66B | €3,465 | €3,442 | -€23 | -0.6% |
| Recurring financial charges | 65 | €3,465 | €3,442 | -€23 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €19,795 | -€39,072 | -€58,867 | |
| Income taxes | 67/77 | €991 | €0 | -€991 | -100% |
| Profit (loss) for the period | 9904 | €18,804 | -€39,072 | -€57,876 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,804 | -€39,072 | -€57,876 |
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 25 October 2026 via checked.be.