Cinquanta: 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.
Cinquanta
Largest movements
- Receivables within one year +€13,206
up €13,206 (+1543.8%), from €855 to €14,062
of which Trade receivables: +€14,062
- Tangible fixed assets +€12,522
new in 2024: €12,522
- Cash +€9,628
up €9,628 (+513.9%), from €1,874 to €11,502
mainly Other debts (+€18,801) and Net result for the year (+€10,278)
- Profit (loss) carried forward +€23,347
up €23,347, from -€13,069 to €10,278
- Other debts +€18,801
up €18,801 (+855.3%), from €2,198 to €20,999
- Contributions -€10,855
down €10,855 (-97.3%), from €11,155 to €300
- Trade debts +€4,489
up €4,489 (+222.3%), from €2,019 to €6,508
- Reserves -€426
no longer reported in 2024 (was €426)
- Turnover +€124,586
new in 2024: €124,586
- Purchases and services +€81,500
new in 2024: €81,500
- Gross operating margin +€47,570
up €47,570, from -€4,484 to €43,086
- Staff costs +€18,401
new in 2024: €18,401
- Other operating charges +€8,747
up €8,747 (+2275.2%), from €384 to €9,131
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 | €2,729 | €38,085 | +€35,356 | +1295.5% |
| Fixed assets | 21/28 | - | €12,522 | +€12,522 | |
| Tangible fixed assets | 22/27 | - | €12,522 | +€12,522 | |
| Furniture and vehicles | 24 | - | €12,522 | +€12,522 | |
| Current assets | 29/58 | €2,729 | €25,564 | +€22,834 | +836.7% |
| Amounts receivable within one year | 40/41 | €855 | €14,062 | +€13,206 | +1543.8% |
| Trade receivables | 40 | - | €14,062 | +€14,062 | |
| Other amounts receivable | 41 | €855 | - | -€855 | |
| Cash at bank and in hand | 54/58 | €1,874 | €11,502 | +€9,628 | +513.9% |
| Total equity and liabilities | 10/49 | €2,729 | €38,085 | +€35,356 | +1295.5% |
| Equity | 10/15 | -€1,488 | €10,578 | +€12,066 | |
| Contributions | 10/11 | €11,155 | €300 | -€10,855 | -97.3% |
| Reserves | 13 | €426 | - | -€426 | |
| Distributable reserves | 133 | €426 | - | -€426 | |
| Profit (loss) carried forward | 14 | -€13,069 | €10,278 | +€23,347 | |
| Amounts payable | 17/49 | €4,217 | €27,507 | +€23,290 | +552.3% |
| Amounts payable within one year | 42/48 | €4,217 | €27,507 | +€23,290 | +552.3% |
| Trade debts | 44 | €2,019 | €6,508 | +€4,489 | +222.3% |
| Suppliers | 440/4 | €2,019 | €6,508 | +€4,489 | +222.3% |
| Other amounts payable | 47/48 | €2,198 | €20,999 | +€18,801 | +855.3% |
| Turnover | 70 | - | €124,586 | +€124,586 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €81,500 | +€81,500 | |
| Remuneration, social security and pensions | 62 | - | €18,401 | +€18,401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,562 | +€2,562 | |
| Other operating charges | 640/8 | €384 | €9,131 | +€8,747 | +2275.2% |
| Gross operating margin | 9900 | -€4,484 | €43,086 | +€47,570 | |
| Operating profit (loss) | 9901 | -€4,868 | €12,992 | +€17,860 | |
| Financial charges | 65/66B | €215 | €151 | -€63 | -29.5% |
| Recurring financial charges | 65 | €215 | €151 | -€63 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,083 | €12,841 | +€17,924 | |
| Income taxes | 67/77 | - | €2,562 | +€2,562 | |
| Profit (loss) for the period | 9904 | -€5,083 | €10,278 | +€15,361 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,083 | €10,278 | +€15,361 |
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 5 October 2026 via checked.be.