CHRISTOPHE SELECK: 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.
CHRISTOPHE SELECK
Largest movements
- Receivables within one year +€19,208
up €19,208 (+17.6%), from €109,218 to €128,426
of which Trade receivables: +€12,725
- Cash -€15,789
down €15,789 (-100%), from €15,789 to €0
mainly Tax, wage and social debts (-€37,913) and Net result for the year (-€21,591)
- Tangible fixed assets -€11,296
down €11,296 (-47.7%), from €23,687 to €12,390
of which Other tangible fixed assets: -€8,894
- Tax, wage and social debts -€37,913
down €37,913 (-95.3%), from €39,767 to €1,854
of which Remuneration and social security: -€37,097
- Other debts +€30,084
up €30,084 (+38.9%), from €77,390 to €107,473
- Profit (loss) carried forward -€21,591
down €21,591 (-66.3%), from -€32,551 to -€54,142
- Trade debts +€13,139
up €13,139 (+29.9%), from €43,999 to €57,138
of which Suppliers: +€13,139
- Short-term financial debts +€8,403
up €8,403 (+457%), from €1,841 to €10,244
- Gross operating margin -€47,408
down €47,408 (-29.1%), from €162,813 to €115,405
- Staff costs -€37,399
down €37,399 (-23.3%), from €160,334 to €122,935
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 | €151,068 | €143,191 | -€7,878 | -5.2% |
| Fixed assets | 21/28 | €24,401 | €13,104 | -€11,296 | -46.3% |
| Tangible fixed assets | 22/27 | €23,687 | €12,390 | -€11,296 | -47.7% |
| Plant, machinery and equipment | 23 | €1,208 | €585 | -€623 | -51.6% |
| Furniture and vehicles | 24 | €2,355 | €575 | -€1,780 | -75.6% |
| Other tangible fixed assets | 26 | €20,123 | €11,229 | -€8,894 | -44.2% |
| Financial fixed assets | 28 | €714 | €714 | = | 0.0% |
| Current assets | 29/58 | €126,668 | €130,086 | +€3,419 | +2.7% |
| Stocks and contracts in progress | 3 | €1,660 | €1,660 | = | 0.0% |
| Stocks | 30/36 | €1,660 | €1,660 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €109,218 | €128,426 | +€19,208 | +17.6% |
| Trade receivables | 40 | €104,675 | €117,400 | +€12,725 | +12.2% |
| Other amounts receivable | 41 | €4,544 | €11,027 | +€6,483 | +143% |
| Cash at bank and in hand | 54/58 | €15,789 | €0 | -€15,789 | -100% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €151,068 | €143,191 | -€7,878 | -5.2% |
| Equity | 10/15 | -€11,992 | -€33,583 | -€21,591 | -180% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,551 | -€54,142 | -€21,591 | -66.3% |
| Amounts payable | 17/49 | €163,060 | €176,774 | +€13,713 | +8.4% |
| Amounts payable within one year | 42/48 | €162,997 | €176,710 | +€13,713 | +8.4% |
| Financial debts | 43 | €1,841 | €10,244 | +€8,403 | +457% |
| Credit institutions | 430/8 | €1,841 | €10,244 | +€8,403 | +457% |
| Trade debts | 44 | €43,999 | €57,138 | +€13,139 | +29.9% |
| Suppliers | 440/4 | €4,213 | €17,352 | +€13,139 | +312% |
| Bills of exchange payable | 441 | €39,786 | €39,786 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €39,767 | €1,854 | -€37,913 | -95.3% |
| Taxes | 450/3 | €2,453 | €1,636 | -€817 | -33.3% |
| Remuneration and social security | 454/9 | €37,314 | €218 | -€37,097 | -99.4% |
| Other amounts payable | 47/48 | €77,390 | €107,473 | +€30,084 | +38.9% |
| Accrued charges and deferred income | 492/3 | €64 | €64 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €160,334 | €122,935 | -€37,399 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,296 | €11,296 | = | 0.0% |
| Other operating charges | 640/8 | €1,126 | €1,139 | +€13 | +1.2% |
| Gross operating margin | 9900 | €162,813 | €115,405 | -€47,408 | -29.1% |
| Operating profit (loss) | 9901 | -€9,943 | -€19,966 | -€10,022 | -101% |
| Financial income | 75/76B | €2 | €5 | +€3 | +150% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +150% |
| Financial charges | 65/66B | €1,695 | €1,681 | -€14 | -0.8% |
| Recurring financial charges | 65 | €1,695 | €1,681 | -€14 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,636 | -€21,641 | -€10,005 | -86.0% |
| Income taxes | 67/77 | - | -€51 | -€51 | |
| Profit (loss) for the period | 9904 | -€11,636 | -€21,591 | -€9,955 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,636 | -€21,591 | -€9,955 | -85.5% |
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 24 October 2026 via checked.be.