finans projects: 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.
finans projects
Largest movements
- Tangible fixed assets -€4,296
down €4,296 (-52.0%), from €8,260 to €3,964
of which Furniture and vehicles: -€3,848
- Receivables within one year -€614
down €614 (-46.1%), from €1,330 to €716
of which Trade receivables: -€614
- Cash +€526
up €526 (+51.1%), from €1,030 to €1,556
mainly Debts after one year (+€14,677) and Short-term financial debts (+€3,718)
- Deferred charges and accrued income -€121
down €121 (-52.8%), from €230 to €108
- Profit (loss) carried forward -€25,056
down €25,056 (-47.1%), from -€53,151 to -€78,206
- Debts after one year +€14,677
new in 2024: €14,677
- Short-term financial debts +€3,718
new in 2024: €3,718
- Tax, wage and social debts -€3,692
down €3,692 (-73.1%), from €5,050 to €1,358
of which Remuneration and social security: -€4,642
- Current portion of long-term debt +€3,323
new in 2024: €3,323
- Gross operating margin -€16,092
down €16,092, from €4,344 to -€11,748
- Financial charges +€2,837
up €2,837 (+44.8%), from €6,327 to €9,164
- Depreciation -€2,405
down €2,405 (-71.1%), from €3,381 to €976
- Staff costs -€1,447
down €1,447 (-34.3%), from €4,216 to €2,769
- Taxes -€141
down €141 (-53.3%), from €265 to €124
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 | €10,849 | €6,345 | -€4,504 | -41.5% |
| Fixed assets | 21/28 | €8,260 | €3,964 | -€4,296 | -52.0% |
| Tangible fixed assets | 22/27 | €8,260 | €3,964 | -€4,296 | -52.0% |
| Plant, machinery and equipment | 23 | €2,671 | €2,223 | -€448 | -16.8% |
| Furniture and vehicles | 24 | €5,589 | €1,741 | -€3,848 | -68.8% |
| Current assets | 29/58 | €2,589 | €2,381 | -€208 | -8.0% |
| Amounts receivable within one year | 40/41 | €1,330 | €716 | -€614 | -46.1% |
| Trade receivables | 40 | €1,230 | €616 | -€614 | -49.9% |
| Other amounts receivable | 41 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,030 | €1,556 | +€526 | +51.1% |
| Deferred charges and accrued income | 490/1 | €230 | €108 | -€121 | -52.8% |
| Total equity and liabilities | 10/49 | €10,849 | €6,345 | -€4,504 | -41.5% |
| Equity | 10/15 | -€33,579 | -€58,635 | -€25,056 | -74.6% |
| Contributions | 10/11 | €3,952 | €3,952 | = | 0.0% |
| Reserves | 13 | €15,620 | €15,620 | = | 0.0% |
| Distributable reserves | 133 | €15,620 | €15,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,151 | -€78,206 | -€25,056 | -47.1% |
| Amounts payable | 17/49 | €44,428 | €64,980 | +€20,551 | +46.3% |
| Amounts payable after more than one year | 17 | - | €14,677 | +€14,677 | |
| Financial debts | 170/4 | - | €14,677 | +€14,677 | |
| Amounts payable within one year | 42/48 | €44,199 | €50,078 | +€5,879 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | - | €3,323 | +€3,323 | |
| Financial debts | 43 | - | €3,718 | +€3,718 | |
| Other loans | 439 | - | €3,718 | +€3,718 | |
| Trade debts | 44 | €20,959 | €23,557 | +€2,598 | +12.4% |
| Suppliers | 440/4 | €20,959 | €23,557 | +€2,598 | +12.4% |
| Taxes, remuneration and social security | 45 | €5,050 | €1,358 | -€3,692 | -73.1% |
| Taxes | 450/3 | €407 | €1,358 | +€951 | +233.4% |
| Remuneration and social security | 454/9 | €4,642 | - | -€4,642 | |
| Other amounts payable | 47/48 | €18,190 | €18,122 | -€68 | -0.4% |
| Accrued charges and deferred income | 492/3 | €230 | €225 | -€5 | -2.1% |
| Remuneration, social security and pensions | 62 | €4,216 | €2,769 | -€1,447 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,381 | €976 | -€2,405 | -71.1% |
| Other operating charges | 640/8 | €273 | €292 | +€19 | +6.9% |
| Gross operating margin | 9900 | €4,344 | -€11,748 | -€16,092 | |
| Operating profit (loss) | 9901 | -€3,526 | -€15,785 | -€12,259 | -347.7% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €6,327 | €9,164 | +€2,837 | +44.8% |
| Recurring financial charges | 65 | €6,327 | €9,164 | +€2,837 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,853 | -€24,932 | -€15,079 | -153.0% |
| Income taxes | 67/77 | €265 | €124 | -€141 | -53.3% |
| Profit (loss) for the period | 9904 | -€10,118 | -€25,056 | -€14,938 | -147.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,118 | -€25,056 | -€14,938 | -147.6% |
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 29 September 2026 via checked.be.