CG: 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.
CG
Largest movements
- Receivables within one year +€28,244
up €28,244 (+481.4%), from €5,867 to €34,111
of which Trade receivables: +€28,376
- Intangible fixed assets -€1,500
down €1,500 (-25.0%), from €6,000 to €4,500
- Cash +€786
up €786 (+26.4%), from €2,980 to €3,767
mainly Trade debts (+€28,483) and Net result for the year (+€13,129)
- Trade debts +€28,483
up €28,483 (+503.3%), from €5,660 to €34,142
- Profit (loss) carried forward +€13,129
up €13,129 (+22.5%), from -€58,310 to -€45,181
- Current portion of long-term debt -€6,480
down €6,480 (-55.7%), from €11,626 to €5,145
- Debts after one year -€5,145
no longer reported in 2024 (was €5,145)
- Short-term financial debts -€5,030
down €5,030 (-48.6%), from €10,348 to €5,318
- Staff costs -€22,670
down €22,670 (-34.4%), from €65,874 to €43,204
- Taxes +€3,604
up €3,604 (+323.3%), from €1,115 to €4,718
- Gross operating margin -€2,798
down €2,798 (-3.9%), from €70,891 to €68,093
- Other operating charges -€2,790
down €2,790 (-72.2%), from €3,866 to €1,076
- Depreciation -€1,806
down €1,806 (-48.7%), from €3,709 to €1,903
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 | €18,961 | €47,146 | +€28,185 | +148.7% |
| Fixed assets | 21/28 | €8,792 | €7,409 | -€1,383 | -15.7% |
| Intangible fixed assets | 21 | €6,000 | €4,500 | -€1,500 | -25.0% |
| Tangible fixed assets | 22/27 | €1,346 | €1,463 | +€117 | +8.7% |
| Plant, machinery and equipment | 23 | €1,346 | €1,463 | +€117 | +8.7% |
| Financial fixed assets | 28 | €1,446 | €1,446 | = | 0.0% |
| Current assets | 29/58 | €10,169 | €39,737 | +€29,568 | +290.8% |
| Stocks and contracts in progress | 3 | €853 | €1,256 | +€403 | +47.2% |
| Stocks | 30/36 | €853 | €1,256 | +€403 | +47.2% |
| Amounts receivable within one year | 40/41 | €5,867 | €34,111 | +€28,244 | +481.4% |
| Trade receivables | 40 | €1,681 | €30,058 | +€28,376 | +1687.9% |
| Other amounts receivable | 41 | €4,185 | €4,053 | -€132 | -3.2% |
| Cash at bank and in hand | 54/58 | €2,980 | €3,767 | +€786 | +26.4% |
| Deferred charges and accrued income | 490/1 | €469 | €603 | +€134 | +28.7% |
| Total equity and liabilities | 10/49 | €18,961 | €47,146 | +€28,185 | +148.7% |
| Equity | 10/15 | -€52,110 | -€38,981 | +€13,129 | +25.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,310 | -€45,181 | +€13,129 | +22.5% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Environmental obligations | 163 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €46,071 | €61,127 | +€15,056 | +32.7% |
| Amounts payable after more than one year | 17 | €5,145 | - | -€5,145 | |
| Financial debts | 170/4 | €5,145 | - | -€5,145 | |
| Amounts payable within one year | 42/48 | €40,022 | €61,127 | +€21,105 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €11,626 | €5,145 | -€6,480 | -55.7% |
| Financial debts | 43 | €10,348 | €5,318 | -€5,030 | -48.6% |
| Credit institutions | 430/8 | €10,348 | €5,318 | -€5,030 | -48.6% |
| Trade debts | 44 | €5,660 | €34,142 | +€28,483 | +503.3% |
| Suppliers | 440/4 | €5,660 | €34,142 | +€28,483 | +503.3% |
| Taxes, remuneration and social security | 45 | €10,166 | €9,316 | -€850 | -8.4% |
| Taxes | 450/3 | €3,096 | €5,177 | +€2,081 | +67.2% |
| Remuneration and social security | 454/9 | €7,069 | €4,139 | -€2,931 | -41.5% |
| Other amounts payable | 47/48 | €2,224 | €7,205 | +€4,981 | +224.0% |
| Accrued charges and deferred income | 492/3 | €903 | - | -€903 | |
| Remuneration, social security and pensions | 62 | €65,874 | €43,204 | -€22,670 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,709 | €1,903 | -€1,806 | -48.7% |
| Other operating charges | 640/8 | €3,866 | €1,076 | -€2,790 | -72.2% |
| Gross operating margin | 9900 | €70,891 | €68,093 | -€2,798 | -3.9% |
| Operating profit (loss) | 9901 | -€2,557 | €21,910 | +€24,467 | |
| Financial income | 75/76B | €0 | €92 | +€92 | +153383.3% |
| Recurring financial income | 75 | €0 | €92 | +€92 | +153383.3% |
| Financial charges | 65/66B | €3,891 | €4,154 | +€263 | +6.8% |
| Recurring financial charges | 65 | €3,891 | €4,154 | +€263 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,449 | €17,848 | +€24,296 | |
| Income taxes | 67/77 | €1,115 | €4,718 | +€3,604 | +323.3% |
| Profit (loss) for the period | 9904 | -€7,563 | €13,129 | +€20,692 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,563 | €13,129 | +€20,692 |
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.