CLOSE OUT SHOP: 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.
CLOSE OUT SHOP
Largest movements
- Tangible fixed assets -€7,168
down €7,168 (-31.3%), from €22,914 to €15,746
of which Other tangible fixed assets: -€6,288
- Receivables within one year -€4,578
down €4,578 (-12.8%), from €35,631 to €31,053
of which Other amounts receivable: -€4,578
- Debts after one year +€425,000
up €425,000 (+3,269%), from €13,000 to €438,000
of which Financial debts: +€438,000
- Trade debts -€289,611
down €289,611 (-85.9%), from €337,163 to €47,553
- Profit (loss) carried forward -€220,124
down €220,124 (-98.5%), from -€223,439 to -€443,563
- Advances received +€89,418
new in 2024: €89,418
- Tax, wage and social debts -€31,102
down €31,102 (-35.6%), from €87,408 to €56,307
of which Taxes: -€64,094
- Turnover -€285,336
down €285,336 (-18.2%), from €1.6m to €1.3m
- Purchases and services -€175,779
down €175,779 (-13.5%), from €1.3m to €1.1m
- Gross operating margin -€109,557
down €109,557 (-42.1%), from €260,022 to €150,465
- Staff costs +€66,081
up €66,081 (+43.0%), from €153,563 to €219,643
- Financial charges +€16,096
up €16,096 (+256%), from €6,287 to €22,383
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 | €386,607 | €367,739 | -€18,868 | -4.9% |
| Fixed assets | 21/28 | €24,300 | €17,133 | -€7,168 | -29.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €22,914 | €15,746 | -€7,168 | -31.3% |
| Land and buildings | 22 | €327 | €327 | = | 0.0% |
| Furniture and vehicles | 24 | €6,865 | €5,985 | -€880 | -12.8% |
| Other tangible fixed assets | 26 | €15,722 | €9,434 | -€6,288 | -40.0% |
| Financial fixed assets | 28 | €1,386 | €1,386 | = | 0.0% |
| Current assets | 29/58 | €362,307 | €350,606 | -€11,700 | -3.2% |
| Stocks and contracts in progress | 3 | €286,233 | €282,692 | -€3,541 | -1.2% |
| Stocks | 30/36 | €286,233 | €282,692 | -€3,541 | -1.2% |
| Amounts receivable within one year | 40/41 | €35,631 | €31,053 | -€4,578 | -12.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €35,631 | €31,053 | -€4,578 | -12.8% |
| Cash at bank and in hand | 54/58 | €40,443 | €36,862 | -€3,581 | -8.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €386,607 | €367,739 | -€18,868 | -4.9% |
| Equity | 10/15 | -€58,260 | -€278,384 | -€220,124 | -378% |
| Contributions | 10/11 | €161,500 | €161,500 | = | 0.0% |
| Capital | 10 | €161,500 | €161,500 | = | 0.0% |
| Issued capital | 100 | €161,500 | €161,500 | = | 0.0% |
| Reserves | 13 | €3,679 | €3,679 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,817 | €1,817 | = | 0.0% |
| Legal reserve | 130 | €1,550 | €1,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €267 | €267 | = | 0.0% |
| Distributable reserves | 133 | €1,862 | €1,862 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€223,439 | -€443,563 | -€220,124 | -98.5% |
| Amounts payable | 17/49 | €444,867 | €646,123 | +€201,256 | +45.2% |
| Amounts payable after more than one year | 17 | €13,000 | €438,000 | +€425,000 | +3,269% |
| Financial debts | 170/4 | - | €438,000 | +€438,000 | |
| Other amounts payable | 178/9 | €13,000 | - | -€13,000 | |
| Amounts payable within one year | 42/48 | €431,867 | €208,123 | -€223,744 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €7,295 | - | -€7,295 | |
| Trade debts | 44 | €337,163 | €47,553 | -€289,611 | -85.9% |
| Suppliers | 440/4 | €337,163 | €47,553 | -€289,611 | -85.9% |
| Advances received on contracts in progress | 46 | - | €89,418 | +€89,418 | |
| Taxes, remuneration and social security | 45 | €87,408 | €56,307 | -€31,102 | -35.6% |
| Taxes | 450/3 | €71,132 | €7,038 | -€64,094 | -90.1% |
| Remuneration and social security | 454/9 | €16,277 | €49,269 | +€32,992 | +203% |
| Other amounts payable | 47/48 | €0 | €14,845 | +€14,845 | |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Turnover | 70 | €1,564,206 | €1,278,870 | -€285,336 | -18.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,304,185 | €1,128,406 | -€175,779 | -13.5% |
| Remuneration, social security and pensions | 62 | €153,563 | €219,643 | +€66,081 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,871 | €9,679 | -€1,192 | -11.0% |
| Other operating charges | 640/8 | - | €8,345 | +€8,345 | |
| Operating charges capitalised as restructuring costs | 649 | -€1 | - | +€1 | |
| Non-recurring operating charges | 66A | €19 | €110,538 | +€110,519 | +588,807% |
| Gross operating margin | 9900 | €260,022 | €150,465 | -€109,557 | -42.1% |
| Operating profit (loss) | 9901 | €95,571 | -€197,741 | -€293,311 | |
| Financial charges | 65/66B | €6,287 | €22,383 | +€16,096 | +256% |
| Recurring financial charges | 65 | €6,287 | €22,383 | +€16,096 | +256% |
| Profit (loss) for the period before taxes | 9903 | €89,284 | -€220,124 | -€309,408 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €89,284 | -€220,124 | -€309,408 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,284 | -€220,124 | -€309,408 |
Source: filed annual accounts (NBB), financial years ended 31 May 2023 and 31 May 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.