CIRCULE: 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.
CIRCULE
Largest movements
- Tangible fixed assets -€1,675
down €1,675 (-41.2%), from €4,063 to €2,388
- Cash -€1,444
down €1,444 (-16.7%), from €8,662 to €7,218
mainly Net result for the year (-€3,569) and Trade debts (-€1,861)
- Receivables within one year +€922
up €922 (+486.8%), from €189 to €1,111
of which Other amounts receivable: +€500
- Intangible fixed assets -€642
down €642 (-53.4%), from €1,203 to €561
- Stocks and contracts +€419
up €419 (+15.6%), from €2,680 to €3,099
- Profit (loss) carried forward -€3,569
down €3,569 (-43.7%), from -€8,159 to -€11,728
- Other debts +€3,011
up €3,011 (+43.4%), from €6,945 to €9,955
- Trade debts -€1,861
down €1,861 (-92.5%), from €2,011 to €150
- Gross operating margin +€4,697
up €4,697 (+94.3%), from -€4,984 to -€286
- Purchases and services -€4,612
down €4,612 (-67.4%), from €6,842 to €2,230
- Depreciation +€630
up €630 (+37.4%), from €1,686 to €2,317
- Financial charges -€346
down €346 (-46.4%), from €746 to €400
- Other operating charges -€176
down €176 (-23.7%), from €743 to €567
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 | €16,797 | €14,377 | -€2,420 | -14.4% |
| Fixed assets | 21/28 | €5,266 | €2,949 | -€2,317 | -44.0% |
| Intangible fixed assets | 21 | €1,203 | €561 | -€642 | -53.4% |
| Tangible fixed assets | 22/27 | €4,063 | €2,388 | -€1,675 | -41.2% |
| Furniture and vehicles | 24 | €4,063 | €2,388 | -€1,675 | -41.2% |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €11,531 | €11,428 | -€103 | -0.9% |
| Stocks and contracts in progress | 3 | €2,680 | €3,099 | +€419 | +15.6% |
| Stocks | 30/36 | €2,680 | €3,099 | +€419 | +15.6% |
| Amounts receivable within one year | 40/41 | €189 | €1,111 | +€922 | +486.8% |
| Trade receivables | 40 | €54 | €476 | +€422 | +787.2% |
| Other amounts receivable | 41 | €136 | €636 | +€500 | +368.2% |
| Cash at bank and in hand | 54/58 | €8,662 | €7,218 | -€1,444 | -16.7% |
| Total equity and liabilities | 10/49 | €16,797 | €14,377 | -€2,420 | -14.4% |
| Equity | 10/15 | €7,841 | €4,272 | -€3,569 | -45.5% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,159 | -€11,728 | -€3,569 | -43.7% |
| Amounts payable | 17/49 | €8,956 | €10,105 | +€1,149 | +12.8% |
| Amounts payable within one year | 42/48 | €8,956 | €10,105 | +€1,149 | +12.8% |
| Trade debts | 44 | €2,011 | €150 | -€1,861 | -92.5% |
| Suppliers | 440/4 | €2,011 | €150 | -€1,861 | -92.5% |
| Other amounts payable | 47/48 | €6,945 | €9,955 | +€3,011 | +43.4% |
| Turnover | 70 | €1,859 | €1,944 | +€85 | +4.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,842 | €2,230 | -€4,612 | -67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,686 | €2,317 | +€630 | +37.4% |
| Other operating charges | 640/8 | €743 | €567 | -€176 | -23.7% |
| Gross operating margin | 9900 | -€4,984 | -€286 | +€4,697 | +94.3% |
| Operating profit (loss) | 9901 | -€7,413 | -€3,170 | +€4,243 | +57.2% |
| Financial charges | 65/66B | €746 | €400 | -€346 | -46.4% |
| Recurring financial charges | 65 | €746 | €400 | -€346 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,159 | -€3,569 | +€4,590 | +56.3% |
| Profit (loss) for the period | 9904 | -€8,159 | -€3,569 | +€4,590 | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,159 | -€3,569 | +€4,590 | +56.3% |
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.