ERIC KRZESLO: 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.
ERIC KRZESLO
Largest movements
- Cash -€46,717
down €46,717 (-73.0%), from €63,957 to €17,240
mainly Receivables within one year (-€28,774) and Debts after one year (-€13,250)
- Receivables within one year +€28,774
up €28,774 (+22.9%), from €125,833 to €154,607
of which Trade receivables: +€16,630
- Tangible fixed assets -€10,805
down €10,805 (-14.9%), from €72,608 to €61,803
of which Land and buildings: -€10,049
- Debts after one year -€13,250
down €13,250 (-18.0%), from €73,451 to €60,201
- Tax, wage and social debts -€9,980
down €9,980 (-29.4%), from €33,980 to €24,000
- Gross operating margin -€79,484
down €79,484 (-88.9%), from €89,446 to €9,962
- Depreciation -€7,500
down €7,500 (-41.0%), from €18,305 to €10,805
- Financial charges -€3,824
down €3,824 (-43.1%), from €8,867 to €5,043
of which Non-recurring financial charges: -€3,079
- Financial income +€1,615
up €1,615 (+69.1%), from €2,336 to €3,951
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 | €511,456 | €486,588 | -€24,868 | -4.9% |
| Fixed assets | 21/28 | €241,232 | €230,427 | -€10,805 | -4.5% |
| Tangible fixed assets | 22/27 | €72,608 | €61,803 | -€10,805 | -14.9% |
| Land and buildings | 22 | €70,339 | €60,290 | -€10,049 | -14.3% |
| Furniture and vehicles | 24 | €2,269 | €1,513 | -€756 | -33.3% |
| Financial fixed assets | 28 | €168,624 | €168,624 | = | 0.0% |
| Current assets | 29/58 | €270,224 | €256,161 | -€14,063 | -5.2% |
| Amounts receivable within one year | 40/41 | €125,833 | €154,607 | +€28,774 | +22.9% |
| Trade receivables | 40 | - | €16,630 | +€16,630 | |
| Other amounts receivable | 41 | €125,833 | €137,977 | +€12,144 | +9.7% |
| Current investments | 50/53 | €50,743 | €50,743 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,957 | €17,240 | -€46,717 | -73.0% |
| Deferred charges and accrued income | 490/1 | €29,691 | €33,571 | +€3,880 | +13.1% |
| Total equity and liabilities | 10/49 | €511,456 | €486,588 | -€24,868 | -4.9% |
| Equity | 10/15 | €383,360 | €380,116 | -€3,244 | -0.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €369,100 | €365,856 | -€3,244 | -0.9% |
| Amounts payable | 17/49 | €128,096 | €106,472 | -€21,624 | -16.9% |
| Amounts payable after more than one year | 17 | €73,451 | €60,201 | -€13,250 | -18.0% |
| Financial debts | 170/4 | €73,451 | €60,201 | -€13,250 | -18.0% |
| Amounts payable within one year | 42/48 | €54,645 | €46,271 | -€8,374 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €13,250 | €13,250 | = | 0.0% |
| Trade debts | 44 | €7,415 | €9,021 | +€1,606 | +21.7% |
| Suppliers | 440/4 | €7,415 | €9,021 | +€1,606 | +21.7% |
| Taxes, remuneration and social security | 45 | €33,980 | €24,000 | -€9,980 | -29.4% |
| Taxes | 450/3 | €33,980 | €24,000 | -€9,980 | -29.4% |
| Non-recurring operating income | 76A | €24,000 | - | -€24,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,305 | €10,805 | -€7,500 | -41.0% |
| Other operating charges | 640/8 | €750 | €1,309 | +€559 | +74.5% |
| Gross operating margin | 9900 | €89,446 | €9,962 | -€79,484 | -88.9% |
| Operating profit (loss) | 9901 | €70,391 | -€2,152 | -€72,543 | |
| Financial income | 75/76B | €2,336 | €3,951 | +€1,615 | +69.1% |
| Recurring financial income | 75 | €2,336 | €3,951 | +€1,615 | +69.1% |
| Financial charges | 65/66B | €8,867 | €5,043 | -€3,824 | -43.1% |
| Recurring financial charges | 65 | €5,788 | €5,043 | -€745 | -12.9% |
| Non-recurring financial charges | 66B | €3,079 | - | -€3,079 | |
| Profit (loss) for the period before taxes | 9903 | €63,860 | -€3,244 | -€67,104 | |
| Profit (loss) for the period | 9904 | €63,860 | -€3,244 | -€67,104 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,860 | -€3,244 | -€67,104 |
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 8 October 2026 via checked.be.