D. ISMAJIN: 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.
D. ISMAJIN
Largest movements
- Cash -€18,294
down €18,294 (-85.9%), from €21,291 to €2,997
mainly Net result for the year (-€88,223) and Trade debts (-€48,447)
- Tangible fixed assets -€11,564
down €11,564 (-17.8%), from €64,954 to €53,390
of which Plant, machinery and equipment: -€6,228
- Receivables within one year -€8,311
down €8,311 (-53.2%), from €15,627 to €7,316
of which Other amounts receivable: -€6,620
- Deferred charges and accrued income -€3,332
no longer reported in 2024 (was €3,332)
- Receivables after one year -€2,224
down €2,224 (-6.0%), from €37,000 to €34,776
- Tax, wage and social debts +€97,395
up €97,395 (+145%), from €67,344 to €164,739
of which Remuneration and social security: +€131,560
- Profit (loss) carried forward -€91,284
down €91,284, from €3,061 to -€88,223
- Trade debts -€48,447
down €48,447 (-92.5%), from €52,388 to €3,941
- Debts after one year -€4,095
down €4,095 (-23.7%), from €17,292 to €13,197
- Other debts +€3,284
up €3,284, from €0 to €3,284
- Turnover +€793,025
new in 2024: €793,025
- Purchases and services +€524,780
new in 2024: €524,780
- Gross operating margin -€45,313
down €45,313 (-15.4%), from €293,675 to €248,362
- Depreciation -€19,593
no longer reported in 2024 (was €19,593)
- Staff costs +€16,554
up €16,554 (+5.7%), from €291,262 to €307,817
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 | €164,437 | €121,492 | -€42,945 | -26.1% |
| Fixed assets | 21/28 | €71,228 | €59,454 | -€11,774 | -16.5% |
| Intangible fixed assets | 21 | €1,274 | €0 | -€1,274 | -100% |
| Tangible fixed assets | 22/27 | €64,954 | €53,390 | -€11,564 | -17.8% |
| Plant, machinery and equipment | 23 | €37,250 | €31,022 | -€6,228 | -16.7% |
| Furniture and vehicles | 24 | €23,824 | €22,368 | -€1,456 | -6.1% |
| Other tangible fixed assets | 26 | €3,880 | - | -€3,880 | |
| Financial fixed assets | 28 | €5,000 | €6,064 | +€1,064 | +21.3% |
| Current assets | 29/58 | €93,209 | €62,038 | -€31,171 | -33.4% |
| Amounts receivable after more than one year | 29 | €37,000 | €34,776 | -€2,224 | -6.0% |
| Other amounts receivable | 291 | €37,000 | €34,776 | -€2,224 | -6.0% |
| Stocks and contracts in progress | 3 | €15,958 | €15,958 | = | 0.0% |
| Stocks | 30/36 | €15,958 | €15,958 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,627 | €7,316 | -€8,311 | -53.2% |
| Trade receivables | 40 | €3,350 | €1,659 | -€1,691 | -50.5% |
| Other amounts receivable | 41 | €12,277 | €5,657 | -€6,620 | -53.9% |
| Current investments | 50/53 | - | €991 | +€991 | |
| Cash at bank and in hand | 54/58 | €21,291 | €2,997 | -€18,294 | -85.9% |
| Deferred charges and accrued income | 490/1 | €3,332 | - | -€3,332 | |
| Total equity and liabilities | 10/49 | €164,437 | €121,492 | -€42,945 | -26.1% |
| Equity | 10/15 | €23,521 | -€67,763 | -€91,284 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,061 | -€88,223 | -€91,284 | |
| Amounts payable | 17/49 | €140,916 | €189,256 | +€48,339 | +34.3% |
| Amounts payable after more than one year | 17 | €17,292 | €13,197 | -€4,095 | -23.7% |
| Financial debts | 170/4 | €17,292 | €13,197 | -€4,095 | -23.7% |
| Amounts payable within one year | 42/48 | €123,625 | €176,059 | +€52,434 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €3,893 | €4,095 | +€202 | +5.2% |
| Trade debts | 44 | €52,388 | €3,941 | -€48,447 | -92.5% |
| Suppliers | 440/4 | €52,388 | €3,941 | -€48,447 | -92.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €67,344 | €164,739 | +€97,395 | +145% |
| Taxes | 450/3 | €34,165 | - | -€34,165 | |
| Remuneration and social security | 454/9 | €33,179 | €164,739 | +€131,560 | +397% |
| Other amounts payable | 47/48 | €0 | €3,284 | +€3,284 | |
| Turnover | 70 | - | €793,025 | +€793,025 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €524,780 | +€524,780 | |
| Remuneration, social security and pensions | 62 | €291,262 | €307,817 | +€16,554 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,593 | - | -€19,593 | |
| Other operating charges | 640/8 | €5,721 | €4,756 | -€965 | -16.9% |
| Non-recurring operating charges | 66A | €12,365 | - | -€12,365 | |
| Gross operating margin | 9900 | €293,675 | €248,362 | -€45,313 | -15.4% |
| Operating profit (loss) | 9901 | -€35,265 | -€64,211 | -€28,946 | -82.1% |
| Financial income | 75/76B | €306 | €641 | +€335 | +109% |
| Recurring financial income | 75 | €306 | €641 | +€335 | +109% |
| Financial charges | 65/66B | €8,697 | €24,623 | +€15,927 | +183% |
| Recurring financial charges | 65 | €8,697 | €24,623 | +€15,927 | +183% |
| Profit (loss) for the period before taxes | 9903 | -€43,656 | -€88,193 | -€44,537 | -102% |
| Income taxes | 67/77 | €449 | €30 | -€419 | -93.3% |
| Profit (loss) for the period | 9904 | -€44,104 | -€88,223 | -€44,119 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,104 | -€88,223 | -€44,119 | -100% |
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.