DG2: 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.
DG2
Largest movements
- Cash -€814,348
down €814,348 (-92.2%), from €883,217 to €68,869
mainly Tax, wage and social debts (-€797,091) and Stocks and contracts (-€268,358)
- Stocks and contracts +€268,358
up €268,358 (+37.8%), from €710,260 to €978,618
- Receivables within one year -€252,066
down €252,066 (-28.6%), from €880,085 to €628,019
of which Trade receivables: -€493,187
- Tax, wage and social debts -€797,091
down €797,091 (-99.4%), from €801,631 to €4,540
of which Taxes: -€795,547
- Other debts +€189,753
up €189,753 (+22.2%), from €855,351 to €1.0m
- Trade debts -€177,970
no longer reported in 2024 (was €177,970)
- Debts after one year -€29,642
down €29,642 (-39.4%), from €75,237 to €45,595
- Gross operating margin -€165,970
down €165,970 (-44.8%), from €370,387 to €204,417
- Financial charges -€83,820
down €83,820 (-71.6%), from €117,074 to €33,254
- Staff costs -€71,544
down €71,544 (-39.7%), from €180,303 to €108,759
- Depreciation -€9,947
down €9,947 (-16.4%), from €60,678 to €50,731
- Taxes +€4,724
up €4,724 (+2684.1%), from €176 to €4,900
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 | €2,605,849 | €1,796,686 | -€809,163 | -31.1% |
| Fixed assets | 21/28 | €124,435 | €121,180 | -€3,255 | -2.6% |
| Tangible fixed assets | 22/27 | €121,405 | €118,150 | -€3,255 | -2.7% |
| Plant, machinery and equipment | 23 | €2,948 | - | -€2,948 | |
| Furniture and vehicles | 24 | €118,457 | €118,150 | -€307 | -0.3% |
| Financial fixed assets | 28 | €3,030 | €3,030 | = | 0.0% |
| Current assets | 29/58 | €2,481,414 | €1,675,506 | -€805,908 | -32.5% |
| Stocks and contracts in progress | 3 | €710,260 | €978,618 | +€268,358 | +37.8% |
| Stocks | 30/36 | €710,260 | €978,618 | +€268,358 | +37.8% |
| Amounts receivable within one year | 40/41 | €880,085 | €628,019 | -€252,066 | -28.6% |
| Trade receivables | 40 | €803,285 | €310,098 | -€493,187 | -61.4% |
| Other amounts receivable | 41 | €76,800 | €317,921 | +€241,121 | +314.0% |
| Cash at bank and in hand | 54/58 | €883,217 | €68,869 | -€814,348 | -92.2% |
| Deferred charges and accrued income | 490/1 | €7,852 | - | -€7,852 | |
| Total equity and liabilities | 10/49 | €2,605,849 | €1,796,686 | -€809,163 | -31.1% |
| Equity | 10/15 | €61,804 | €64,450 | +€2,646 | +4.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Capital | 10 | €18,750 | - | -€18,750 | |
| Issued capital | 100 | €18,750 | - | -€18,750 | |
| Reserves | 13 | €2,600 | €2,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,600 | €2,600 | = | 0.0% |
| Legal reserve | 130 | €2,600 | - | -€2,600 | |
| Reserves not available under the articles | 1311 | - | €2,600 | +€2,600 | |
| Profit (loss) carried forward | 14 | €40,454 | €43,100 | +€2,646 | +6.5% |
| Amounts payable | 17/49 | €2,544,045 | €1,732,236 | -€811,809 | -31.9% |
| Amounts payable after more than one year | 17 | €75,237 | €45,595 | -€29,642 | -39.4% |
| Financial debts | 170/4 | €75,237 | €45,595 | -€29,642 | -39.4% |
| Amounts payable within one year | 42/48 | €2,468,808 | €1,686,641 | -€782,167 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €38,749 | €29,642 | -€9,107 | -23.5% |
| Financial debts | 43 | €595,107 | €588,917 | -€6,190 | -1.0% |
| Credit institutions | 430/8 | €470,107 | €463,917 | -€6,190 | -1.3% |
| Other loans | 439 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €177,970 | - | -€177,970 | |
| Suppliers | 440/4 | €177,970 | - | -€177,970 | |
| Advances received on contracts in progress | 46 | - | €18,438 | +€18,438 | |
| Taxes, remuneration and social security | 45 | €801,631 | €4,540 | -€797,091 | -99.4% |
| Taxes | 450/3 | €795,547 | - | -€795,547 | |
| Remuneration and social security | 454/9 | €6,084 | €4,540 | -€1,544 | -25.4% |
| Other amounts payable | 47/48 | €855,351 | €1,045,104 | +€189,753 | +22.2% |
| Non-recurring operating income | 76A | €21,500 | - | -€21,500 | |
| Remuneration, social security and pensions | 62 | €180,303 | €108,759 | -€71,544 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,678 | €50,731 | -€9,947 | -16.4% |
| Other operating charges | 640/8 | €7,721 | €3,257 | -€4,464 | -57.8% |
| Non-recurring operating charges | 66A | €849 | €870 | +€21 | +2.5% |
| Gross operating margin | 9900 | €370,387 | €204,417 | -€165,970 | -44.8% |
| Operating profit (loss) | 9901 | €120,836 | €40,800 | -€80,036 | -66.2% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €117,074 | €33,254 | -€83,820 | -71.6% |
| Recurring financial charges | 65 | €117,074 | €33,254 | -€83,820 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €3,770 | €7,546 | +€3,776 | +100.2% |
| Income taxes | 67/77 | €176 | €4,900 | +€4,724 | +2684.1% |
| Profit (loss) for the period | 9904 | €3,594 | €2,646 | -€948 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,594 | €2,646 | -€948 | -26.4% |
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 29 September 2026 via checked.be.