Fair-Play Construct: 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.
Fair-Play Construct
Largest movements
- Deferred charges and accrued income -€36,491
no longer reported in 2024 (was €36,491)
- Cash -€15,779
down €15,779 (-88.3%), from €17,873 to €2,094
mainly Net result for the year (-€153,607)
- Receivables within one year -€4,896
down €4,896 (-9.9%), from €49,589 to €44,693
of which Trade receivables: -€18,258
- Profit (loss) carried forward -€153,607
down €153,607, from €95,298 to -€58,308
- Trade debts +€70,518
up €70,518 (+705.2%), from €10,000 to €80,518
- Other debts +€24,902
new in 2024: €24,902
- Turnover -€322,503
no longer reported in 2024 (was €322,503)
- Purchases and services -€268,509
no longer reported in 2024 (was €268,509)
- Gross operating margin -€204,591
down €204,591, from €53,993 to -€150,598
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 | €105,398 | €47,212 | -€58,186 | -55.2% |
| Fixed assets | 21/28 | €1,445 | €425 | -€1,020 | -70.6% |
| Tangible fixed assets | 22/27 | €1,445 | €425 | -€1,020 | -70.6% |
| Furniture and vehicles | 24 | - | €425 | +€425 | |
| Other tangible fixed assets | 26 | €1,445 | - | -€1,445 | |
| Current assets | 29/58 | €103,953 | €46,787 | -€57,166 | -55.0% |
| Amounts receivable within one year | 40/41 | €49,589 | €44,693 | -€4,896 | -9.9% |
| Trade receivables | 40 | €48,122 | €29,865 | -€18,258 | -37.9% |
| Other amounts receivable | 41 | €1,467 | €14,829 | +€13,361 | +910.6% |
| Cash at bank and in hand | 54/58 | €17,873 | €2,094 | -€15,779 | -88.3% |
| Deferred charges and accrued income | 490/1 | €36,491 | - | -€36,491 | |
| Total equity and liabilities | 10/49 | €105,398 | €47,212 | -€58,186 | -55.2% |
| Equity | 10/15 | €95,398 | -€58,208 | -€153,607 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | - | -€100 | |
| Issued capital | 100 | €100 | - | -€100 | |
| Profit (loss) carried forward | 14 | €95,298 | -€58,308 | -€153,607 | |
| Amounts payable | 17/49 | €10,000 | €105,420 | +€95,420 | +954.2% |
| Amounts payable within one year | 42/48 | €10,000 | €105,420 | +€95,420 | +954.2% |
| Trade debts | 44 | €10,000 | €80,518 | +€70,518 | +705.2% |
| Suppliers | 440/4 | €10,000 | €80,518 | +€70,518 | +705.2% |
| Other amounts payable | 47/48 | - | €24,902 | +€24,902 | |
| Turnover | 70 | €322,503 | - | -€322,503 | |
| Goods, raw materials, services and sundry goods | 60/61 | €268,509 | - | -€268,509 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,020 | +€1,020 | |
| Other operating charges | 640/8 | €1,475 | €1,563 | +€87 | +5.9% |
| Gross operating margin | 9900 | €53,993 | -€150,598 | -€204,591 | |
| Operating profit (loss) | 9901 | €52,518 | -€153,181 | -€205,699 | |
| Financial charges | 65/66B | €215 | €426 | +€211 | +97.9% |
| Recurring financial charges | 65 | €215 | €426 | +€211 | +97.9% |
| Profit (loss) for the period before taxes | 9903 | €52,303 | -€153,607 | -€205,909 | |
| Profit (loss) for the period | 9904 | €52,303 | -€153,607 | -€205,909 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,303 | -€153,607 | -€205,909 |
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 9 October 2026 via checked.be.