DIRECT: 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.
DIRECT
Largest movements
- Receivables within one year -€64,124
no longer reported in 2024 (was €64,124)
- Tangible fixed assets +€21,595
up €21,595 (+410.5%), from €5,261 to €26,856
- Stocks and contracts -€11,591
down €11,591 (-1.8%), from €656,251 to €644,660
- Profit (loss) carried forward -€76,016
down €76,016 (-745.4%), from -€10,198 to -€86,214
- Trade debts +€63,818
up €63,818 (+308.5%), from €20,685 to €84,503
- Debts after one year -€39,437
down €39,437 (-10.5%), from €374,665 to €335,228
- Tax, wage and social debts -€38,045
down €38,045 (-61.0%), from €62,320 to €24,275
of which Taxes: -€32,262
- Current portion of long-term debt +€23,632
up €23,632 (+93.9%), from €25,154 to €48,786
- Gross operating margin -€112,098
down €112,098, from €81,536 to -€30,563
- Financial charges -€33,746
down €33,746 (-98.2%), from €34,359 to €613
- Other operating charges -€7,865
down €7,865 (-96.3%), from €8,165 to €300
- Depreciation +€5,397
up €5,397 (+314.1%), from €1,718 to €7,115
- Staff costs +€1,918
up €1,918 (+5.4%), from €35,426 to €37,344
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 | €746,387 | €693,369 | -€53,018 | -7.1% |
| Fixed assets | 21/28 | €6,620 | €28,216 | +€21,595 | +326.2% |
| Tangible fixed assets | 22/27 | €5,261 | €26,856 | +€21,595 | +410.5% |
| Furniture and vehicles | 24 | €5,261 | €26,856 | +€21,595 | +410.5% |
| Financial fixed assets | 28 | €1,359 | €1,359 | = | 0.0% |
| Current assets | 29/58 | €739,767 | €665,153 | -€74,613 | -10.1% |
| Stocks and contracts in progress | 3 | €656,251 | €644,660 | -€11,591 | -1.8% |
| Stocks | 30/36 | €656,251 | €644,660 | -€11,591 | -1.8% |
| Amounts receivable within one year | 40/41 | €64,124 | - | -€64,124 | |
| Other amounts receivable | 41 | €64,124 | - | -€64,124 | |
| Cash at bank and in hand | 54/58 | €19,392 | €20,493 | +€1,101 | +5.7% |
| Total equity and liabilities | 10/49 | €746,387 | €693,369 | -€53,018 | -7.1% |
| Equity | 10/15 | €235,235 | €159,220 | -€76,016 | -32.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | - | -€62,000 | |
| Issued capital | 100 | €62,000 | - | -€62,000 | |
| Outside capital | 11 | - | €62,000 | +€62,000 | |
| Share premium | 1100/10 | - | €62,000 | +€62,000 | |
| Reserves | 13 | €183,434 | €183,434 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €177,234 | €177,234 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,198 | -€86,214 | -€76,016 | -745.4% |
| Amounts payable | 17/49 | €511,152 | €534,149 | +€22,997 | +4.5% |
| Amounts payable after more than one year | 17 | €374,665 | €335,228 | -€39,437 | -10.5% |
| Financial debts | 170/4 | €374,665 | €335,228 | -€39,437 | -10.5% |
| Amounts payable within one year | 42/48 | €136,487 | €198,921 | +€62,434 | +45.7% |
| Current portion of amounts payable after more than one year | 42 | €25,154 | €48,786 | +€23,632 | +93.9% |
| Financial debts | 43 | €28,328 | €31,726 | +€3,397 | +12.0% |
| Credit institutions | 430/8 | €28,328 | €31,726 | +€3,397 | +12.0% |
| Trade debts | 44 | €20,685 | €84,503 | +€63,818 | +308.5% |
| Suppliers | 440/4 | €20,685 | €84,503 | +€63,818 | +308.5% |
| Taxes, remuneration and social security | 45 | €62,320 | €24,275 | -€38,045 | -61.0% |
| Taxes | 450/3 | €55,225 | €22,964 | -€32,262 | -58.4% |
| Remuneration and social security | 454/9 | €7,095 | €1,311 | -€5,784 | -81.5% |
| Other amounts payable | 47/48 | - | €9,632 | +€9,632 | |
| Remuneration, social security and pensions | 62 | €35,426 | €37,344 | +€1,918 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,718 | €7,115 | +€5,397 | +314.1% |
| Other operating charges | 640/8 | €8,165 | €300 | -€7,865 | -96.3% |
| Gross operating margin | 9900 | €81,536 | -€30,563 | -€112,098 | |
| Operating profit (loss) | 9901 | €36,226 | -€75,322 | -€111,548 | |
| Financial income | 75/76B | - | €133 | +€133 | |
| Recurring financial income | 75 | - | €133 | +€133 | |
| Financial charges | 65/66B | €34,359 | €613 | -€33,746 | -98.2% |
| Recurring financial charges | 65 | €34,359 | €613 | -€33,746 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €1,867 | -€75,802 | -€77,669 | |
| Income taxes | 67/77 | €1,676 | €213 | -€1,463 | -87.3% |
| Profit (loss) for the period | 9904 | €191 | -€76,016 | -€76,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €191 | -€76,016 | -€76,207 |
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 30 September 2026 via checked.be.