CARTOON: 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.
CARTOON
Largest movements
- Cash -€40,693
down €40,693 (-65.3%), from €62,326 to €21,633
mainly Net result for the year (-€29,784) and Debts after one year (-€18,232)
- Tangible fixed assets -€27,656
down €27,656 (-24.4%), from €113,543 to €85,887
of which Furniture and vehicles: -€19,781
- Receivables after one year -€11,400
down €11,400 (-14.3%), from €80,000 to €68,600
- Profit (loss) carried forward -€29,784
down €29,784, from €43 to -€29,741
- Debts after one year -€18,232
down €18,232 (-34.4%), from €53,041 to €34,809
- Other debts -€16,286
no longer reported in 2024 (was €16,286)
- Tax, wage and social debts -€11,985
down €11,985 (-57.1%), from €21,003 to €9,017
of which Remuneration and social security: -€8,400
- Trade debts -€8,787
down €8,787 (-77.8%), from €11,288 to €2,501
- Gross operating margin -€79,921
down €79,921 (-45.1%), from €177,236 to €97,315
- Staff costs -€39,857
down €39,857 (-29.4%), from €135,363 to €95,506
- Depreciation -€3,755
down €3,755 (-10.8%), from €34,683 to €30,928
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 | €298,251 | €213,582 | -€84,669 | -28.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €113,543 | €85,887 | -€27,656 | -24.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €113,543 | €85,887 | -€27,656 | -24.4% |
| Land and buildings | 22 | €16,160 | €12,368 | -€3,792 | -23.5% |
| Plant, machinery and equipment | 23 | €17,608 | €13,525 | -€4,084 | -23.2% |
| Furniture and vehicles | 24 | €79,774 | €59,994 | -€19,781 | -24.8% |
| Current assets | 29/58 | €184,709 | €127,696 | -€57,013 | -30.9% |
| Amounts receivable after more than one year | 29 | €80,000 | €68,600 | -€11,400 | -14.3% |
| Other amounts receivable | 291 | €80,000 | €68,600 | -€11,400 | -14.3% |
| Stocks and contracts in progress | 3 | €7,485 | €7,485 | = | 0.0% |
| Stocks | 30/36 | €7,485 | €7,485 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,432 | €29,481 | -€2,951 | -9.1% |
| Trade receivables | 40 | €8 | - | -€8 | |
| Other amounts receivable | 41 | €32,424 | €29,481 | -€2,943 | -9.1% |
| Cash at bank and in hand | 54/58 | €62,326 | €21,633 | -€40,693 | -65.3% |
| Deferred charges and accrued income | 490/1 | €2,465 | €496 | -€1,969 | -79.9% |
| Total equity and liabilities | 10/49 | €298,251 | €213,582 | -€84,669 | -28.4% |
| Equity | 10/15 | €178,808 | €149,023 | -€29,784 | -16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,164 | €160,164 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €220 | €220 | = | 0.0% |
| Distributable reserves | 133 | €158,084 | €158,084 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43 | -€29,741 | -€29,784 | |
| Amounts payable | 17/49 | €119,444 | €64,559 | -€54,885 | -46.0% |
| Amounts payable after more than one year | 17 | €53,041 | €34,809 | -€18,232 | -34.4% |
| Financial debts | 170/4 | €53,041 | €34,809 | -€18,232 | -34.4% |
| Amounts payable within one year | 42/48 | €66,294 | €29,750 | -€36,544 | -55.1% |
| Current portion of amounts payable after more than one year | 42 | €17,718 | €18,232 | +€514 | +2.9% |
| Trade debts | 44 | €11,288 | €2,501 | -€8,787 | -77.8% |
| Suppliers | 440/4 | €11,288 | €2,501 | -€8,787 | -77.8% |
| Taxes, remuneration and social security | 45 | €21,003 | €9,017 | -€11,985 | -57.1% |
| Taxes | 450/3 | €10,735 | €7,149 | -€3,586 | -33.4% |
| Remuneration and social security | 454/9 | €10,268 | €1,868 | -€8,400 | -81.8% |
| Other amounts payable | 47/48 | €16,286 | - | -€16,286 | |
| Accrued charges and deferred income | 492/3 | €109 | - | -€109 | |
| Remuneration, social security and pensions | 62 | €135,363 | €95,506 | -€39,857 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,683 | €30,928 | -€3,755 | -10.8% |
| Other operating charges | 640/8 | €702 | €177 | -€526 | -74.9% |
| Gross operating margin | 9900 | €177,236 | €97,315 | -€79,921 | -45.1% |
| Operating profit (loss) | 9901 | €6,488 | -€29,296 | -€35,784 | |
| Financial income | 75/76B | €2,804 | €2,940 | +€136 | +4.8% |
| Recurring financial income | 75 | €2,804 | €2,940 | +€136 | +4.8% |
| Financial charges | 65/66B | €4,203 | €3,147 | -€1,056 | -25.1% |
| Recurring financial charges | 65 | €4,203 | €3,147 | -€1,056 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €5,089 | -€29,503 | -€34,592 | |
| Income taxes | 67/77 | €1,714 | €281 | -€1,433 | -83.6% |
| Profit (loss) for the period | 9904 | €3,374 | -€29,784 | -€33,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,374 | -€29,784 | -€33,159 |
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 30 September 2026 via checked.be.