CO3-DEVELOPMENT: 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.
CO3-DEVELOPMENT
Largest movements
- Stocks and contracts -€1.1m
down €1.1m (-95.0%), from €1.2m to €57,514
- Receivables within one year +€110,167
up €110,167 (+379.5%), from €29,028 to €139,195
of which Other amounts receivable: +€95,235
- Cash +€42,724
new in 2024: €42,724
mainly Stocks and contracts (+€1.1m) and Net result for the year (+€109,689)
- Debts after one year -€919,763
down €919,763 (-82.6%), from €1.1m to €193,123
- Profit (loss) carried forward +€109,689
up €109,689 (+91.2%), from -€120,280 to -€10,592
- Other debts -€80,740
no longer reported in 2024 (was €80,740)
- Trade debts -€59,881
down €59,881 (-85.6%), from €69,952 to €10,071
- Gross operating margin +€434,687
up €434,687 (+750.6%), from €57,908 to €492,595
- Write-downs +€273,190
new in 2024: €273,190
- Financial charges +€70,414
up €70,414 (+152.2%), from €46,269 to €116,683
- Financial income +€5,681
up €5,681 (+211.0%), from €2,692 to €8,373
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 | €1,188,297 | €239,433 | -€948,864 | -79.9% |
| Fixed assets | 21/28 | €126 | - | -€126 | |
| Tangible fixed assets | 22/27 | €126 | - | -€126 | |
| Furniture and vehicles | 24 | €126 | - | -€126 | |
| Current assets | 29/58 | €1,188,172 | €239,433 | -€948,739 | -79.8% |
| Stocks and contracts in progress | 3 | €1,156,452 | €57,514 | -€1.1m | -95.0% |
| Stocks | 30/36 | €1,156,452 | €57,514 | -€1.1m | -95.0% |
| Amounts receivable within one year | 40/41 | €29,028 | €139,195 | +€110,167 | +379.5% |
| Trade receivables | 40 | - | €14,932 | +€14,932 | |
| Other amounts receivable | 41 | €29,028 | €124,263 | +€95,235 | +328.1% |
| Cash at bank and in hand | 54/58 | - | €42,724 | +€42,724 | |
| Deferred charges and accrued income | 490/1 | €2,692 | - | -€2,692 | |
| Total equity and liabilities | 10/49 | €1,188,297 | €239,433 | -€948,864 | -79.9% |
| Equity | 10/15 | -€78,280 | €31,408 | +€109,689 | |
| Contributions | 10/11 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,280 | -€10,592 | +€109,689 | +91.2% |
| Amounts payable | 17/49 | €1,266,578 | €208,025 | -€1.1m | -83.6% |
| Amounts payable after more than one year | 17 | €1,112,886 | €193,123 | -€919,763 | -82.6% |
| Financial debts | 170/4 | €1,112,886 | €193,123 | -€919,763 | -82.6% |
| Amounts payable within one year | 42/48 | €150,692 | €11,902 | -€138,790 | -92.1% |
| Trade debts | 44 | €69,952 | €10,071 | -€59,881 | -85.6% |
| Suppliers | 440/4 | €69,952 | €10,071 | -€59,881 | -85.6% |
| Taxes, remuneration and social security | 45 | - | €1,831 | +€1,831 | |
| Taxes | 450/3 | - | €1,831 | +€1,831 | |
| Other amounts payable | 47/48 | €80,740 | - | -€80,740 | |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €361 | €126 | -€235 | -65.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €273,190 | +€273,190 | |
| Other operating charges | 640/8 | €3,348 | €1,281 | -€2,067 | -61.7% |
| Gross operating margin | 9900 | €57,908 | €492,595 | +€434,687 | +750.6% |
| Operating profit (loss) | 9901 | €54,199 | €217,999 | +€163,800 | +302.2% |
| Financial income | 75/76B | €2,692 | €8,373 | +€5,681 | +211.0% |
| Recurring financial income | 75 | €2,692 | €8,373 | +€5,681 | +211.0% |
| Financial charges | 65/66B | €46,269 | €116,683 | +€70,414 | +152.2% |
| Recurring financial charges | 65 | €46,269 | €116,683 | +€70,414 | +152.2% |
| Profit (loss) for the period before taxes | 9903 | €10,622 | €109,689 | +€99,067 | +932.6% |
| Profit (loss) for the period | 9904 | €10,622 | €109,689 | +€99,067 | +932.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,622 | €109,689 | +€99,067 | +932.6% |
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 2 October 2026 via checked.be.