CEDRIC BERNARD: 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.
CEDRIC BERNARD
Largest movements
- Deferred charges and accrued income +€25,728
up €25,728 (+8504.3%), from €303 to €26,031
- Receivables within one year +€15,238
up €15,238 (+51.3%), from €29,698 to €44,936
- Cash -€12,527
no longer reported in 2024 (was €12,527)
mainly Deferred charges and accrued income (-€25,728) and Receivables within one year (-€15,238)
- Tangible fixed assets +€1,254
new in 2024: €1,254
- Short-term financial debts +€19,826
up €19,826 (+206.5%), from €9,600 to €29,426
- Debts after one year -€7,686
no longer reported in 2024 (was €7,686)
- Current portion of long-term debt +€6,000
new in 2024: €6,000
- Trade debts +€5,482
up €5,482 (+46.6%), from €11,769 to €17,252
- Profit (loss) carried forward +€4,666
up €4,666 (+178.0%), from €2,621 to €7,287
- Gross operating margin -€25,038
down €25,038 (-67.8%), from €36,938 to €11,900
- Financial charges +€3,294
up €3,294 (+94.0%), from €3,503 to €6,796
- Taxes +€2,061
new in 2024: €2,061
- Financial income +€1,685
up €1,685 (+3410.7%), from €49 to €1,734
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 | €42,528 | €72,220 | +€29,692 | +69.8% |
| Fixed assets | 21/28 | - | €1,254 | +€1,254 | |
| Tangible fixed assets | 22/27 | - | €1,254 | +€1,254 | |
| Plant, machinery and equipment | 23 | - | €1,254 | +€1,254 | |
| Current assets | 29/58 | €42,528 | €70,967 | +€28,439 | +66.9% |
| Amounts receivable within one year | 40/41 | €29,698 | €44,936 | +€15,238 | +51.3% |
| Trade receivables | 40 | €29,698 | €44,936 | +€15,238 | +51.3% |
| Cash at bank and in hand | 54/58 | €12,527 | - | -€12,527 | |
| Deferred charges and accrued income | 490/1 | €303 | €26,031 | +€25,728 | +8504.3% |
| Total equity and liabilities | 10/49 | €42,528 | €72,220 | +€29,692 | +69.8% |
| Equity | 10/15 | €5,121 | €9,787 | +€4,666 | +91.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,621 | €7,287 | +€4,666 | +178.0% |
| Amounts payable | 17/49 | €37,407 | €62,433 | +€25,026 | +66.9% |
| Amounts payable after more than one year | 17 | €7,686 | - | -€7,686 | |
| Other amounts payable | 178/9 | €7,686 | - | -€7,686 | |
| Amounts payable within one year | 42/48 | €29,721 | €62,433 | +€32,712 | +110.1% |
| Current portion of amounts payable after more than one year | 42 | - | €6,000 | +€6,000 | |
| Financial debts | 43 | €9,600 | €29,426 | +€19,826 | +206.5% |
| Credit institutions | 430/8 | €9,600 | €29,426 | +€19,826 | +206.5% |
| Trade debts | 44 | €11,769 | €17,252 | +€5,482 | +46.6% |
| Suppliers | 440/4 | €11,769 | €17,252 | +€5,482 | +46.6% |
| Taxes, remuneration and social security | 45 | €8,352 | €9,756 | +€1,404 | +16.8% |
| Taxes | 450/3 | €8,352 | €9,756 | +€1,404 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €219 | +€219 | |
| Other operating charges | 640/8 | €1,152 | €1,023 | -€129 | -11.2% |
| Non-recurring operating charges | 66A | €300 | - | -€300 | |
| Gross operating margin | 9900 | €36,938 | €11,900 | -€25,038 | -67.8% |
| Operating profit (loss) | 9901 | €35,486 | €10,659 | -€24,827 | -70.0% |
| Financial income | 75/76B | €49 | €1,734 | +€1,685 | +3410.7% |
| Recurring financial income | 75 | €49 | €1,734 | +€1,685 | +3410.7% |
| Financial charges | 65/66B | €3,503 | €6,796 | +€3,294 | +94.0% |
| Recurring financial charges | 65 | €3,503 | €6,796 | +€3,294 | +94.0% |
| Profit (loss) for the period before taxes | 9903 | €32,033 | €5,596 | -€26,436 | -82.5% |
| Income taxes | 67/77 | - | €2,061 | +€2,061 | |
| Profit (loss) for the period | 9904 | €32,033 | €3,535 | -€28,498 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,033 | €3,535 | -€28,498 | -89.0% |
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 8 October 2026 via checked.be.