EM & GI: what changed
EM & GI
Largest movements
- Intangible fixed assets -€7,000
down €7,000 (-20.7%), from €33,833 to €26,833
- Cash +€3,020
up €3,020 (+118%), from €2,553 to €5,573
mainly Other debts (+€18,251) and Current portion of long-term debt (+€8,700)
- Profit (loss) carried forward -€21,858
down €21,858 (-21.5%), from -€101,737 to -€123,594
- Other debts +€18,251
up €18,251 (+19.4%), from €94,236 to €112,487
- Trade debts -€13,162
down €13,162 (-59.8%), from €22,026 to €8,864
of which Suppliers: -€8,206
- Current portion of long-term debt +€8,700
new in 2024: €8,700
- Tax, wage and social debts +€4,386
up €4,386 (+85.1%), from €5,153 to €9,538
of which Taxes: +€2,249
- Gross operating margin -€29,557
down €29,557, from €22,152 to -€7,405
- Staff costs -€25,279
down €25,279 (-96.3%), from €26,238 to €959
- Financial charges +€1,064
up €1,064 (+22.2%), from €4,798 to €5,862
- Depreciation -€413
down €413 (-5.5%), from €7,461 to €7,048
- Taxes +€304
up €304 (+231%), from €132 to €436
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,278 | €34,595 | -€3,683 | -9.6% |
| Fixed assets | 21/28 | €34,215 | €27,167 | -€7,048 | -20.6% |
| Intangible fixed assets | 21 | €33,833 | €26,833 | -€7,000 | -20.7% |
| Tangible fixed assets | 22/27 | €232 | €184 | -€48 | -20.7% |
| Furniture and vehicles | 24 | €232 | €184 | -€48 | -20.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €4,063 | €7,428 | +€3,365 | +82.8% |
| Stocks and contracts in progress | 3 | €1,510 | €1,855 | +€345 | +22.8% |
| Stocks | 30/36 | €1,510 | €1,855 | +€345 | +22.8% |
| Cash at bank and in hand | 54/58 | €2,553 | €5,573 | +€3,020 | +118% |
| Total equity and liabilities | 10/49 | €38,278 | €34,595 | -€3,683 | -9.6% |
| Equity | 10/15 | -€83,137 | -€104,994 | -€21,858 | -26.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,737 | -€123,594 | -€21,858 | -21.5% |
| Amounts payable | 17/49 | €121,415 | €139,590 | +€18,175 | +15.0% |
| Amounts payable within one year | 42/48 | €121,415 | €139,590 | +€18,175 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,700 | +€8,700 | |
| Trade debts | 44 | €22,026 | €8,864 | -€13,162 | -59.8% |
| Suppliers | 440/4 | €17,070 | €8,864 | -€8,206 | -48.1% |
| Bills of exchange payable | 441 | €4,956 | - | -€4,956 | |
| Taxes, remuneration and social security | 45 | €5,153 | €9,538 | +€4,386 | +85.1% |
| Taxes | 450/3 | €3,489 | €5,738 | +€2,249 | +64.4% |
| Remuneration and social security | 454/9 | €1,663 | €3,800 | +€2,137 | +128% |
| Other amounts payable | 47/48 | €94,236 | €112,487 | +€18,251 | +19.4% |
| Remuneration, social security and pensions | 62 | €26,238 | €959 | -€25,279 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,461 | €7,048 | -€413 | -5.5% |
| Other operating charges | 640/8 | €100 | €156 | +€56 | +55.8% |
| Gross operating margin | 9900 | €22,152 | -€7,405 | -€29,557 | |
| Operating profit (loss) | 9901 | -€11,647 | -€15,568 | -€3,921 | -33.7% |
| Financial income | 75/76B | €9 | €7 | -€1 | -16.9% |
| Recurring financial income | 75 | €9 | €7 | -€1 | -16.9% |
| Financial charges | 65/66B | €4,798 | €5,862 | +€1,064 | +22.2% |
| Recurring financial charges | 65 | €4,798 | €5,862 | +€1,064 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,436 | -€21,422 | -€4,986 | -30.3% |
| Income taxes | 67/77 | €132 | €436 | +€304 | +231% |
| Profit (loss) for the period | 9904 | -€16,567 | -€21,858 | -€5,290 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,567 | -€21,858 | -€5,290 | -31.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.