First Step: 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.
First Step
Largest movements
- Cash +€13,916
up €13,916 (+106.5%), from €13,071 to €26,987
mainly Receivables within one year (+€11,963) and Depreciation (+€10,612)
- Receivables within one year -€11,963
down €11,963 (-18.5%), from €64,669 to €52,707
of which Other amounts receivable: -€18,783
- Tangible fixed assets -€8,170
down €8,170 (-12.5%), from €65,443 to €57,273
- Deferred charges and accrued income +€2,075
up €2,075 (+6.4%), from €32,600 to €34,675
- Tax, wage and social debts +€8,502
up €8,502 (+52.7%), from €16,137 to €24,639
of which Taxes: +€6,005
- Advances received -€5,657
no longer reported in 2024 (was €5,657)
- Profit (loss) carried forward -€5,392
down €5,392, from €580 to -€4,811
- Other debts +€3,437
up €3,437 (+6.1%), from €55,899 to €59,336
- Accrued charges and deferred income -€3,050
no longer reported in 2024 (was €3,050)
- Gross operating margin -€18,591
down €18,591 (-10.3%), from €180,884 to €162,293
- Staff costs -€8,887
down €8,887 (-5.4%), from €164,929 to €156,042
- Taxes -€3,237
down €3,237, from €3,100 to -€137
- Financial income -€2,150
down €2,150 (-98.7%), from €2,178 to €28
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 | €175,783 | €171,642 | -€4,142 | -2.4% |
| Fixed assets | 21/28 | €65,443 | €57,273 | -€8,170 | -12.5% |
| Tangible fixed assets | 22/27 | €65,443 | €57,273 | -€8,170 | -12.5% |
| Plant, machinery and equipment | 23 | €65,443 | €57,273 | -€8,170 | -12.5% |
| Current assets | 29/58 | €110,340 | €114,369 | +€4,028 | +3.7% |
| Amounts receivable within one year | 40/41 | €64,669 | €52,707 | -€11,963 | -18.5% |
| Trade receivables | 40 | €39,779 | €46,600 | +€6,821 | +17.1% |
| Other amounts receivable | 41 | €24,891 | €6,107 | -€18,783 | -75.5% |
| Cash at bank and in hand | 54/58 | €13,071 | €26,987 | +€13,916 | +106.5% |
| Deferred charges and accrued income | 490/1 | €32,600 | €34,675 | +€2,075 | +6.4% |
| Total equity and liabilities | 10/49 | €175,783 | €171,642 | -€4,142 | -2.4% |
| Equity | 10/15 | €20,580 | €15,189 | -€5,392 | -26.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €580 | -€4,811 | -€5,392 | |
| Amounts payable | 17/49 | €155,203 | €156,453 | +€1,250 | +0.8% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 170/4 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €112,153 | €116,453 | +€4,300 | +3.8% |
| Trade debts | 44 | €34,461 | €32,479 | -€1,982 | -5.8% |
| Suppliers | 440/4 | €34,461 | €32,479 | -€1,982 | -5.8% |
| Advances received on contracts in progress | 46 | €5,657 | - | -€5,657 | |
| Taxes, remuneration and social security | 45 | €16,137 | €24,639 | +€8,502 | +52.7% |
| Taxes | 450/3 | €3,138 | €9,144 | +€6,005 | +191.4% |
| Remuneration and social security | 454/9 | €12,998 | €15,495 | +€2,497 | +19.2% |
| Other amounts payable | 47/48 | €55,899 | €59,336 | +€3,437 | +6.1% |
| Accrued charges and deferred income | 492/3 | €3,050 | - | -€3,050 | |
| Remuneration, social security and pensions | 62 | €164,929 | €156,042 | -€8,887 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,022 | €10,612 | +€590 | +5.9% |
| Other operating charges | 640/8 | €1,331 | €832 | -€500 | -37.5% |
| Gross operating margin | 9900 | €180,884 | €162,293 | -€18,591 | -10.3% |
| Operating profit (loss) | 9901 | €4,602 | -€5,193 | -€9,794 | |
| Financial income | 75/76B | €2,178 | €28 | -€2,150 | -98.7% |
| Recurring financial income | 75 | €2,178 | €28 | -€2,150 | -98.7% |
| Financial charges | 65/66B | €1,397 | €364 | -€1,033 | -73.9% |
| Recurring financial charges | 65 | €1,397 | €364 | -€1,033 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | €5,383 | -€5,529 | -€10,912 | |
| Income taxes | 67/77 | €3,100 | -€137 | -€3,237 | |
| Profit (loss) for the period | 9904 | €2,283 | -€5,392 | -€7,675 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,283 | -€5,392 | -€7,675 |
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 28 September 2026 via checked.be.