CAPITAL A: 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.
CAPITAL A
Largest movements
- Stocks and contracts +€40,057
up €40,057 (+10.5%), from €383,081 to €423,138
- Cash -€18,822
down €18,822 (-99.8%), from €18,857 to €35
mainly Stocks and contracts (-€40,057) and Net result for the year (-€16,132)
- Short-term financial debts +€21,944
up €21,944 (+7.7%), from €286,000 to €307,944
- Profit (loss) carried forward -€16,132
down €16,132 (-19.9%), from -€81,030 to -€97,162
- Other debts +€9,113
up €9,113 (+6.3%), from €145,290 to €154,404
- Tax, wage and social debts +€6,158
up €6,158 (+130.9%), from €4,705 to €10,863
- Staff costs -€17,260
down €17,260 (-66.5%), from €25,941 to €8,681
- Other operating charges -€541
down €541 (-48.7%), from €1,110 to €569
- Gross operating margin +€478
up €478 (+7.6%), from -€6,274 to -€5,796
- Depreciation -€306
down €306 (-37.8%), from €810 to €503
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 | €402,790 | €423,522 | +€20,732 | +5.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €852 | €349 | -€503 | -59.0% |
| Tangible fixed assets | 22/27 | €852 | €349 | -€503 | -59.0% |
| Plant, machinery and equipment | 23 | €153 | €0 | -€153 | -100.0% |
| Furniture and vehicles | 24 | €699 | €349 | -€350 | -50.1% |
| Current assets | 29/58 | €401,938 | €423,173 | +€21,235 | +5.3% |
| Stocks and contracts in progress | 3 | €383,081 | €423,138 | +€40,057 | +10.5% |
| Stocks | 30/36 | €383,081 | €423,138 | +€40,057 | +10.5% |
| Cash at bank and in hand | 54/58 | €18,857 | €35 | -€18,822 | -99.8% |
| Total equity and liabilities | 10/49 | €402,790 | €423,522 | +€20,732 | +5.1% |
| Equity | 10/15 | -€40,530 | -€56,662 | -€16,132 | -39.8% |
| Contributions | 10/11 | €40,500 | €40,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,030 | -€97,162 | -€16,132 | -19.9% |
| Amounts payable | 17/49 | €443,320 | €480,184 | +€36,864 | +8.3% |
| Amounts payable within one year | 42/48 | €443,320 | €480,184 | +€36,864 | +8.3% |
| Financial debts | 43 | €286,000 | €307,944 | +€21,944 | +7.7% |
| Credit institutions | 430/8 | €286,000 | €307,944 | +€21,944 | +7.7% |
| Trade debts | 44 | €7,325 | €6,973 | -€352 | -4.8% |
| Suppliers | 440/4 | €7,325 | €6,973 | -€352 | -4.8% |
| Taxes, remuneration and social security | 45 | €4,705 | €10,863 | +€6,158 | +130.9% |
| Remuneration and social security | 454/9 | €4,705 | €10,863 | +€6,158 | +130.9% |
| Other amounts payable | 47/48 | €145,290 | €154,404 | +€9,113 | +6.3% |
| Remuneration, social security and pensions | 62 | €25,941 | €8,681 | -€17,260 | -66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €810 | €503 | -€306 | -37.8% |
| Other operating charges | 640/8 | €1,110 | €569 | -€541 | -48.7% |
| Gross operating margin | 9900 | -€6,274 | -€5,796 | +€478 | +7.6% |
| Operating profit (loss) | 9901 | -€34,135 | -€15,549 | +€18,585 | +54.4% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €623 | €583 | -€41 | -6.5% |
| Recurring financial charges | 65 | €623 | €583 | -€41 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,758 | -€16,132 | +€18,626 | +53.6% |
| Profit (loss) for the period | 9904 | -€34,758 | -€16,132 | +€18,626 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,758 | -€16,132 | +€18,626 | +53.6% |
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 10 October 2026 via checked.be.