FO: 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.
FO
Largest movements
- Cash -€86,938
down €86,938 (-75.0%), from €115,871 to €28,933
mainly Investment in fixed assets (net) (-€75,000) and Net result for the year (-€68,924)
- Financial fixed assets +€75,000
new in 2024: €75,000
- Receivables within one year +€53,112
up €53,112 (+85.7%), from €62,008 to €115,120
of which Trade receivables: +€76,043
- Receivables after one year +€25,000
new in 2024: €25,000
- Stocks and contracts -€6,319
no longer reported in 2024 (was €6,319)
- Profit (loss) carried forward -€68,924
down €68,924, from €25,152 to -€43,771
- Debts after one year +€52,169
new in 2024: €52,169
- Trade debts +€51,079
up €51,079 (+184.9%), from €27,627 to €78,706
- Tax, wage and social debts -€44,092
down €44,092 (-35.3%), from €125,003 to €80,912
of which Taxes: -€82,058
- Other debts +€42,392
up €42,392 (+423.9%), from €10,000 to €52,392
- Gross operating margin -€247,703
down €247,703 (-50.2%), from €493,332 to €245,629
- Staff costs -€171,622
down €171,622 (-36.3%), from €472,226 to €300,603
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 | €194,283 | €248,392 | +€54,109 | +27.9% |
| Fixed assets | 21/28 | €7,428 | €79,339 | +€71,911 | +968.1% |
| Intangible fixed assets | 21 | €3,202 | €1,702 | -€1,500 | -46.8% |
| Tangible fixed assets | 22/27 | €4,226 | €2,637 | -€1,589 | -37.6% |
| Plant, machinery and equipment | 23 | €2,650 | €1,471 | -€1,179 | -44.5% |
| Furniture and vehicles | 24 | €1,576 | €1,166 | -€410 | -26.0% |
| Financial fixed assets | 28 | - | €75,000 | +€75,000 | |
| Current assets | 29/58 | €186,855 | €169,053 | -€17,802 | -9.5% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Stocks and contracts in progress | 3 | €6,319 | - | -€6,319 | |
| Stocks | 30/36 | €6,319 | - | -€6,319 | |
| Amounts receivable within one year | 40/41 | €62,008 | €115,120 | +€53,112 | +85.7% |
| Trade receivables | 40 | €5,512 | €81,554 | +€76,043 | +1379.7% |
| Other amounts receivable | 41 | €56,497 | €33,566 | -€22,931 | -40.6% |
| Cash at bank and in hand | 54/58 | €115,871 | €28,933 | -€86,938 | -75.0% |
| Deferred charges and accrued income | 490/1 | €2,657 | - | -€2,657 | |
| Total equity and liabilities | 10/49 | €194,283 | €248,392 | +€54,109 | +27.9% |
| Equity | 10/15 | €31,652 | -€37,271 | -€68,924 | |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,152 | -€43,771 | -€68,924 | |
| Amounts payable | 17/49 | €162,630 | €285,663 | +€123,033 | +75.7% |
| Amounts payable after more than one year | 17 | - | €52,169 | +€52,169 | |
| Financial debts | 170/4 | - | €52,169 | +€52,169 | |
| Amounts payable within one year | 42/48 | €162,630 | €233,495 | +€70,864 | +43.6% |
| Current portion of amounts payable after more than one year | 42 | - | €21,485 | +€21,485 | |
| Trade debts | 44 | €27,627 | €78,706 | +€51,079 | +184.9% |
| Suppliers | 440/4 | €27,627 | €78,706 | +€51,079 | +184.9% |
| Taxes, remuneration and social security | 45 | €125,003 | €80,912 | -€44,092 | -35.3% |
| Taxes | 450/3 | €96,452 | €14,394 | -€82,058 | -85.1% |
| Remuneration and social security | 454/9 | €28,552 | €66,518 | +€37,967 | +133.0% |
| Other amounts payable | 47/48 | €10,000 | €52,392 | +€42,392 | +423.9% |
| Remuneration, social security and pensions | 62 | €472,226 | €300,603 | -€171,622 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,089 | €3,089 | = | 0.0% |
| Other operating charges | 640/8 | €2,514 | €1,879 | -€636 | -25.3% |
| Gross operating margin | 9900 | €493,332 | €245,629 | -€247,703 | -50.2% |
| Operating profit (loss) | 9901 | €15,503 | -€59,942 | -€75,446 | |
| Financial income | 75/76B | €34 | €0 | -€34 | -99.9% |
| Recurring financial income | 75 | €34 | €0 | -€34 | -99.9% |
| Financial charges | 65/66B | €2,422 | €2,982 | +€560 | +23.1% |
| Recurring financial charges | 65 | €2,422 | €2,982 | +€560 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €13,115 | -€62,924 | -€76,039 | |
| Income taxes | 67/77 | €8,314 | €6,000 | -€2,314 | -27.8% |
| Profit (loss) for the period | 9904 | €4,801 | -€68,924 | -€73,725 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,801 | -€68,924 | -€73,725 |
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 5 October 2026 via checked.be.