FOR 2 PROJECTS: 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.
FOR 2 PROJECTS
Largest movements
- Receivables within one year -€125,795
down €125,795 (-41.8%), from €300,963 to €175,168
of which Other amounts receivable: -€125,795
- Tangible fixed assets -€5,304
down €5,304 (-24.3%), from €21,797 to €16,493
of which Plant, machinery and equipment: -€5,021
- Other debts -€95,402
down €95,402 (-60.2%), from €158,507 to €63,104
- Profit (loss) carried forward -€50,796
down €50,796 (-39.1%), from -€129,905 to -€180,701
- Trade debts +€11,050
up €11,050 (+6.2%), from €179,447 to €190,497
- Tax, wage and social debts -€5,252
down €5,252 (-2.9%), from €180,110 to €174,857
- Short-term financial debts +€4,608
new in 2024: €4,608
- Gross operating margin +€221,372
up €221,372 (+86.3%), from -€256,579 to -€35,207
- Other operating charges +€8,968
up €8,968 (+915%), from €981 to €9,948
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.
Derived cash bridge
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 | €455,320 | €319,528 | -€135,792 | -29.8% |
| Fixed assets | 21/28 | €22,497 | €17,193 | -€5,304 | -23.6% |
| Tangible fixed assets | 22/27 | €21,797 | €16,493 | -€5,304 | -24.3% |
| Plant, machinery and equipment | 23 | €20,349 | €15,329 | -€5,021 | -24.7% |
| Furniture and vehicles | 24 | €998 | €715 | -€283 | -28.4% |
| Other tangible fixed assets | 26 | €450 | €450 | = | 0.0% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €432,822 | €302,334 | -€130,488 | -30.1% |
| Stocks and contracts in progress | 3 | €120,000 | €120,000 | = | 0.0% |
| Stocks | 30/36 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €300,963 | €175,168 | -€125,795 | -41.8% |
| Trade receivables | 40 | €40,358 | €40,358 | = | 0.0% |
| Other amounts receivable | 41 | €260,605 | €134,810 | -€125,795 | -48.3% |
| Cash at bank and in hand | 54/58 | €2,766 | - | -€2,766 | |
| Deferred charges and accrued income | 490/1 | €9,094 | €7,167 | -€1,928 | -21.2% |
| Total equity and liabilities | 10/49 | €455,320 | €319,528 | -€135,792 | -29.8% |
| Equity | 10/15 | -€62,744 | -€113,540 | -€50,796 | -81.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €5,161 | €5,161 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,161 | €5,161 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,161 | €5,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,905 | -€180,701 | -€50,796 | -39.1% |
| Amounts payable | 17/49 | €518,064 | €433,067 | -€84,996 | -16.4% |
| Amounts payable within one year | 42/48 | €518,064 | €433,067 | -€84,996 | -16.4% |
| Financial debts | 43 | - | €4,608 | +€4,608 | |
| Credit institutions | 430/8 | - | €4,608 | +€4,608 | |
| Trade debts | 44 | €179,447 | €190,497 | +€11,050 | +6.2% |
| Suppliers | 440/4 | €179,447 | €190,497 | +€11,050 | +6.2% |
| Taxes, remuneration and social security | 45 | €180,110 | €174,857 | -€5,252 | -2.9% |
| Taxes | 450/3 | €180,110 | €174,857 | -€5,252 | -2.9% |
| Other amounts payable | 47/48 | €158,507 | €63,104 | -€95,402 | -60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,288 | €5,304 | +€16 | +0.3% |
| Other operating charges | 640/8 | €981 | €9,948 | +€8,968 | +915% |
| Gross operating margin | 9900 | -€256,579 | -€35,207 | +€221,372 | +86.3% |
| Operating profit (loss) | 9901 | -€262,847 | -€50,459 | +€212,388 | +80.8% |
| Financial charges | 65/66B | €286 | €337 | +€51 | +17.7% |
| Recurring financial charges | 65 | €286 | €337 | +€51 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | -€263,133 | -€50,796 | +€212,337 | +80.7% |
| Profit (loss) for the period | 9904 | -€263,133 | -€50,796 | +€212,337 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€263,133 | -€50,796 | +€212,337 | +80.7% |
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 14 October 2026 via checked.be.