CONCEPT LINK: 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.
CONCEPT LINK
Largest movements
- Stocks and contracts +€11,402
up €11,402 (+9.0%), from €126,852 to €138,254
- Cash -€5,028
down €5,028 (-64.5%), from €7,792 to €2,764
mainly Stocks and contracts (-€11,402) and Receivables within one year (-€3,077)
- Receivables within one year +€3,077
up €3,077 (+375%), from €820 to €3,898
- Other debts +€9,514
up €9,514 (+6.4%), from €147,622 to €157,136
- Tax, wage and social debts -€1,881
down €1,881 (-83.3%), from €2,257 to €376
- Gross operating margin -€6,158
down €6,158 (-70.9%), from €8,680 to €2,522
- Financial charges -€415
down €415 (-48.9%), from €848 to €434
- Financial income -€298
down €298 (-100.0%), from €298 to €0
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 | €140,795 | €149,098 | +€8,303 | +5.9% |
| Fixed assets | 21/28 | €3,157 | €2,253 | -€903 | -28.6% |
| Tangible fixed assets | 22/27 | €3,157 | €2,253 | -€903 | -28.6% |
| Land and buildings | 22 | €799 | €453 | -€346 | -43.3% |
| Plant, machinery and equipment | 23 | €1,663 | €1,440 | -€224 | -13.4% |
| Furniture and vehicles | 24 | €695 | €361 | -€334 | -48.1% |
| Current assets | 29/58 | €137,638 | €146,845 | +€9,207 | +6.7% |
| Stocks and contracts in progress | 3 | €126,852 | €138,254 | +€11,402 | +9.0% |
| Stocks | 30/36 | €126,852 | €138,254 | +€11,402 | +9.0% |
| Amounts receivable within one year | 40/41 | €820 | €3,898 | +€3,077 | +375% |
| Trade receivables | 40 | €820 | €3,898 | +€3,077 | +375% |
| Cash at bank and in hand | 54/58 | €7,792 | €2,764 | -€5,028 | -64.5% |
| Deferred charges and accrued income | 490/1 | €2,175 | €1,930 | -€245 | -11.3% |
| Total equity and liabilities | 10/49 | €140,795 | €149,098 | +€8,303 | +5.9% |
| Equity | 10/15 | -€9,322 | -€8,525 | +€797 | +8.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €89,126 | €89,126 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €87,126 | €87,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,448 | -€117,651 | +€797 | +0.7% |
| Amounts payable | 17/49 | €150,117 | €157,623 | +€7,506 | +5.0% |
| Amounts payable within one year | 42/48 | €150,117 | €157,623 | +€7,506 | +5.0% |
| Trade debts | 44 | €238 | €111 | -€127 | -53.2% |
| Suppliers | 440/4 | €238 | €111 | -€127 | -53.2% |
| Taxes, remuneration and social security | 45 | €2,257 | €376 | -€1,881 | -83.3% |
| Taxes | 450/3 | €2,257 | €376 | -€1,881 | -83.3% |
| Other amounts payable | 47/48 | €147,622 | €157,136 | +€9,514 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €903 | €903 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €8,680 | €2,522 | -€6,158 | -70.9% |
| Operating profit (loss) | 9901 | €7,392 | €1,231 | -€6,161 | -83.3% |
| Financial income | 75/76B | €298 | €0 | -€298 | -100.0% |
| Recurring financial income | 75 | €298 | €0 | -€298 | -100.0% |
| Financial charges | 65/66B | €848 | €434 | -€415 | -48.9% |
| Recurring financial charges | 65 | €848 | €434 | -€415 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €6,842 | €797 | -€6,045 | -88.3% |
| Profit (loss) for the period | 9904 | €6,842 | €797 | -€6,045 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,842 | €797 | -€6,045 | -88.3% |
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 13 October 2026 via checked.be.