ECON: 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.
ECON
Largest movements
- Cash -€58,659
down €58,659 (-92.1%), from €63,682 to €5,024
mainly Trade debts (-€36,986) and Net result for the year (-€21,604)
- Receivables within one year +€10,763
up €10,763 (+116.6%), from €9,230 to €19,993
of which Trade receivables: +€11,804
- Trade debts -€36,986
down €36,986 (-50.7%), from €73,010 to €36,024
- Profit (loss) carried forward -€21,604
down €21,604 (-30.1%), from -€71,840 to -€93,445
- Other debts +€8,839
up €8,839 (+9.8%), from €89,957 to €98,796
- Gross operating margin +€8,860
up €8,860 (+43.5%), from -€20,380 to -€11,520
- Depreciation -€4,566
down €4,566 (-100.0%), from €4,566 to €0
- Other operating charges +€1,321
up €1,321 (+34.2%), from €3,866 to €5,188
- Financial charges +€432
up €432 (+10.1%), from €4,282 to €4,714
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 | €163,194 | €114,501 | -€48,693 | -29.8% |
| Fixed assets | 21/28 | €24,306 | €24,306 | = | 0.0% |
| Tangible fixed assets | 22/27 | €23,401 | €23,401 | = | 0.0% |
| Land and buildings | 22 | €23,401 | €23,401 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €905 | €905 | = | 0.0% |
| Current assets | 29/58 | €138,888 | €90,195 | -€48,693 | -35.1% |
| Stocks and contracts in progress | 3 | €62,818 | €62,818 | = | 0.0% |
| Stocks | 30/36 | €62,818 | €62,818 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,230 | €19,993 | +€10,763 | +116.6% |
| Trade receivables | 40 | €4,566 | €16,369 | +€11,804 | +258.5% |
| Other amounts receivable | 41 | €4,664 | €3,623 | -€1,041 | -22.3% |
| Cash at bank and in hand | 54/58 | €63,682 | €5,024 | -€58,659 | -92.1% |
| Deferred charges and accrued income | 490/1 | €3,158 | €2,360 | -€798 | -25.3% |
| Total equity and liabilities | 10/49 | €163,194 | €114,501 | -€48,693 | -29.8% |
| Equity | 10/15 | -€4,292 | -€25,896 | -€21,604 | -503.4% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €61,343 | €61,343 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €61,343 | €61,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,840 | -€93,445 | -€21,604 | -30.1% |
| Amounts payable | 17/49 | €167,486 | €140,397 | -€27,089 | -16.2% |
| Amounts payable within one year | 42/48 | €163,121 | €135,002 | -€28,118 | -17.2% |
| Trade debts | 44 | €73,010 | €36,024 | -€36,986 | -50.7% |
| Suppliers | 440/4 | €73,010 | €36,024 | -€36,986 | -50.7% |
| Taxes, remuneration and social security | 45 | €154 | €182 | +€29 | +18.6% |
| Taxes | 450/3 | €154 | €182 | +€29 | +18.6% |
| Other amounts payable | 47/48 | €89,957 | €98,796 | +€8,839 | +9.8% |
| Accrued charges and deferred income | 492/3 | €4,365 | €5,395 | +€1,029 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,566 | €0 | -€4,566 | -100.0% |
| Other operating charges | 640/8 | €3,866 | €5,188 | +€1,321 | +34.2% |
| Gross operating margin | 9900 | -€20,380 | -€11,520 | +€8,860 | +43.5% |
| Operating profit (loss) | 9901 | -€28,813 | -€16,708 | +€12,105 | +42.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,282 | €4,714 | +€432 | +10.1% |
| Recurring financial charges | 65 | €4,282 | €4,714 | +€432 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | -€33,095 | -€21,422 | +€11,673 | +35.3% |
| Income taxes | 67/77 | €154 | €182 | +€29 | +18.6% |
| Profit (loss) for the period | 9904 | -€33,249 | -€21,604 | +€11,644 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,249 | -€21,604 | +€11,644 | +35.0% |
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 11 October 2026 via checked.be.