FINANCE FOR FUTURE: 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.
FINANCE FOR FUTURE
Largest movements
- Intangible fixed assets -€29,328
down €29,328 (-14.2%), from €205,860 to €176,532
- Receivables within one year -€19,914
down €19,914 (-8.4%), from €238,342 to €218,428
of which Other amounts receivable: -€36,193
- Cash -€8,525
no longer reported in 2024 (was €8,525)
mainly Debts after one year (-€56,169) and Tax, wage and social debts (-€43,953)
- Tangible fixed assets -€8,239
down €8,239 (-3.1%), from €267,079 to €258,840
of which Land and buildings: -€8,239
- Debts after one year -€56,169
down €56,169 (-11.2%), from €500,927 to €444,758
- Tax, wage and social debts -€43,953
down €43,953 (-93.1%), from €47,215 to €3,262
of which Remuneration and social security: -€37,358
- Other debts +€25,000
new in 2024: €25,000
- Trade debts +€10,782
up €10,782 (+247.9%), from €4,349 to €15,130
- Other operating charges +€34,935
new in 2024: €34,935
- Depreciation -€20,441
down €20,441 (-35.2%), from €58,008 to €37,567
- Staff costs -€18,342
down €18,342 (-24.9%), from €73,663 to €55,322
- Financial charges +€14,365
up €14,365 (+195.3%), from €7,354 to €21,719
- Taxes +€9,549
up €9,549, from -€6,287 to €3,262
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 | €719,998 | €654,100 | -€65,898 | -9.2% |
| Fixed assets | 21/28 | €473,131 | €435,564 | -€37,567 | -7.9% |
| Intangible fixed assets | 21 | €205,860 | €176,532 | -€29,328 | -14.2% |
| Tangible fixed assets | 22/27 | €267,079 | €258,840 | -€8,239 | -3.1% |
| Land and buildings | 22 | €267,079 | €258,840 | -€8,239 | -3.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €193 | €193 | = | 0.0% |
| Current assets | 29/58 | €246,867 | €218,536 | -€28,332 | -11.5% |
| Amounts receivable within one year | 40/41 | €238,342 | €218,428 | -€19,914 | -8.4% |
| Trade receivables | 40 | €0 | €16,279 | +€16,279 | |
| Other amounts receivable | 41 | €238,342 | €202,149 | -€36,193 | -15.2% |
| Cash at bank and in hand | 54/58 | €8,525 | - | -€8,525 | |
| Deferred charges and accrued income | 490/1 | - | €108 | +€108 | |
| Total equity and liabilities | 10/49 | €719,998 | €654,100 | -€65,898 | -9.2% |
| Equity | 10/15 | €142,911 | €141,921 | -€990 | -0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,460 | €121,470 | -€990 | -0.8% |
| Amounts payable | 17/49 | €577,088 | €512,179 | -€64,908 | -11.2% |
| Amounts payable after more than one year | 17 | €500,927 | €444,758 | -€56,169 | -11.2% |
| Financial debts | 170/4 | €500,927 | €444,758 | -€56,169 | -11.2% |
| Amounts payable within one year | 42/48 | €76,161 | €67,422 | -€8,739 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €24,597 | €24,029 | -€568 | -2.3% |
| Credit institutions | 430/8 | €24,597 | €24,029 | -€568 | -2.3% |
| Trade debts | 44 | €4,349 | €15,130 | +€10,782 | +247.9% |
| Suppliers | 440/4 | €4,349 | €15,130 | +€10,782 | +247.9% |
| Taxes, remuneration and social security | 45 | €47,215 | €3,262 | -€43,953 | -93.1% |
| Taxes | 450/3 | €9,857 | €3,262 | -€6,595 | -66.9% |
| Remuneration and social security | 454/9 | €37,358 | - | -€37,358 | |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Remuneration, social security and pensions | 62 | €73,663 | €55,322 | -€18,342 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,008 | €37,567 | -€20,441 | -35.2% |
| Other operating charges | 640/8 | - | €34,935 | +€34,935 | |
| Gross operating margin | 9900 | €171,035 | €176,738 | +€5,703 | +3.3% |
| Operating profit (loss) | 9901 | €39,364 | €48,915 | +€9,551 | +24.3% |
| Financial income | 75/76B | €6,502 | €76 | -€6,426 | -98.8% |
| Recurring financial income | 75 | €6,502 | €76 | -€6,426 | -98.8% |
| Financial charges | 65/66B | €7,354 | €21,719 | +€14,365 | +195.3% |
| Recurring financial charges | 65 | €7,354 | €21,719 | +€14,365 | +195.3% |
| Profit (loss) for the period before taxes | 9903 | €38,512 | €27,272 | -€11,240 | -29.2% |
| Income taxes | 67/77 | -€6,287 | €3,262 | +€9,549 | |
| Profit (loss) for the period | 9904 | €44,799 | €24,010 | -€20,789 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,799 | €24,010 | -€20,789 | -46.4% |
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 1 October 2026 via checked.be.