EXPAND SOLUTIONS: 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.
EXPAND SOLUTIONS
Largest movements
- Receivables within one year -€10,744
down €10,744 (-18.8%), from €57,075 to €46,331
of which Other amounts receivable: -€5,889
- Cash -€5,093
down €5,093 (-82.0%), from €6,212 to €1,120
mainly Trade debts (-€21,201) and Tax, wage and social debts (-€1,557)
- Trade debts -€21,201
down €21,201 (-87.8%), from €24,147 to €2,946
- Advances received +€8,000
new in 2024: €8,000
- Tax, wage and social debts -€1,557
down €1,557 (-65.2%), from €2,387 to €830
- Gross operating margin -€29,051
down €29,051 (-87.9%), from €33,039 to €3,989
- Taxes -€3,593
down €3,593 (-56.3%), from €6,387 to €2,794
- Other operating charges +€790
new in 2024: €790
- Financial charges +€335
up €335 (+98.0%), from €342 to €677
of which Non-recurring financial charges: +€525
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 | €128,012 | €112,979 | -€15,032 | -11.7% |
| Fixed assets | 21/28 | €7,140 | €7,140 | = | 0.0% |
| Financial fixed assets | 28 | €7,140 | €7,140 | = | 0.0% |
| Current assets | 29/58 | €120,872 | €105,839 | -€15,032 | -12.4% |
| Stocks and contracts in progress | 3 | €57,585 | €57,585 | = | 0.0% |
| Stocks | 30/36 | €57,585 | €57,585 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,075 | €46,331 | -€10,744 | -18.8% |
| Trade receivables | 40 | €30,984 | €26,129 | -€4,855 | -15.7% |
| Other amounts receivable | 41 | €26,090 | €20,202 | -€5,889 | -22.6% |
| Cash at bank and in hand | 54/58 | €6,212 | €1,120 | -€5,093 | -82.0% |
| Deferred charges and accrued income | 490/1 | - | €804 | +€804 | |
| Total equity and liabilities | 10/49 | €128,012 | €112,979 | -€15,032 | -11.7% |
| Equity | 10/15 | €52,697 | €52,424 | -€273 | -0.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,697 | €50,424 | -€273 | -0.5% |
| Amounts payable | 17/49 | €75,314 | €60,555 | -€14,759 | -19.6% |
| Amounts payable within one year | 42/48 | €75,314 | €60,555 | -€14,759 | -19.6% |
| Trade debts | 44 | €24,147 | €2,946 | -€21,201 | -87.8% |
| Suppliers | 440/4 | €24,147 | €2,946 | -€21,201 | -87.8% |
| Advances received on contracts in progress | 46 | - | €8,000 | +€8,000 | |
| Taxes, remuneration and social security | 45 | €2,387 | €830 | -€1,557 | -65.2% |
| Taxes | 450/3 | €2,387 | €830 | -€1,557 | -65.2% |
| Other amounts payable | 47/48 | €48,780 | €48,780 | = | 0.0% |
| Other operating charges | 640/8 | - | €790 | +€790 | |
| Gross operating margin | 9900 | €33,039 | €3,989 | -€29,051 | -87.9% |
| Operating profit (loss) | 9901 | €33,039 | €3,198 | -€29,841 | -90.3% |
| Financial charges | 65/66B | €342 | €677 | +€335 | +98.0% |
| Recurring financial charges | 65 | €342 | €152 | -€190 | -55.4% |
| Non-recurring financial charges | 66B | - | €525 | +€525 | |
| Profit (loss) for the period before taxes | 9903 | €32,697 | €2,521 | -€30,177 | -92.3% |
| Income taxes | 67/77 | €6,387 | €2,794 | -€3,593 | -56.3% |
| Profit (loss) for the period | 9904 | €26,310 | -€273 | -€26,583 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,310 | -€273 | -€26,583 |
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.