Friction Circle: 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.
Friction Circle
Largest movements
- Stocks and contracts +€309,376
new in 2024: €309,376
- Cash -€233,081
down €233,081 (-94.5%), from €246,775 to €13,694
mainly Stocks and contracts (-€309,376) and Tax, wage and social debts (-€34,632)
- Other debts +€130,820
up €130,820 (+47.4%), from €275,739 to €406,560
- Tax, wage and social debts -€34,632
no longer reported in 2024 (was €34,632)
- Profit (loss) carried forward -€19,125
down €19,125 (-28.9%), from -€66,168 to -€85,293
- Gross operating margin -€23,399
down €23,399, from €6,051 to -€17,348
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 | €246,873 | €326,931 | +€80,058 | +32.4% |
| Fixed assets | 21/28 | €98 | - | -€98 | |
| Tangible fixed assets | 22/27 | €98 | - | -€98 | |
| Plant, machinery and equipment | 23 | €98 | - | -€98 | |
| Current assets | 29/58 | €246,775 | €326,931 | +€80,156 | +32.5% |
| Stocks and contracts in progress | 3 | - | €309,376 | +€309,376 | |
| Stocks | 30/36 | - | €309,376 | +€309,376 | |
| Amounts receivable within one year | 40/41 | - | €1,964 | +€1,964 | |
| Trade receivables | 40 | - | €94 | +€94 | |
| Other amounts receivable | 41 | - | €1,870 | +€1,870 | |
| Cash at bank and in hand | 54/58 | €246,775 | €13,694 | -€233,081 | -94.5% |
| Deferred charges and accrued income | 490/1 | - | €1,897 | +€1,897 | |
| Total equity and liabilities | 10/49 | €246,873 | €326,931 | +€80,058 | +32.4% |
| Equity | 10/15 | -€64,168 | -€83,293 | -€19,125 | -29.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,168 | -€85,293 | -€19,125 | -28.9% |
| Amounts payable | 17/49 | €311,041 | €410,225 | +€99,183 | +31.9% |
| Amounts payable within one year | 42/48 | €311,041 | €410,225 | +€99,183 | +31.9% |
| Trade debts | 44 | €670 | €3,665 | +€2,995 | +447.0% |
| Suppliers | 440/4 | €670 | €3,665 | +€2,995 | +447.0% |
| Taxes, remuneration and social security | 45 | €34,632 | - | -€34,632 | |
| Taxes | 450/3 | €34,632 | - | -€34,632 | |
| Other amounts payable | 47/48 | €275,739 | €406,560 | +€130,820 | +47.4% |
| Non-recurring operating income | 76A | €9,379 | - | -€9,379 | |
| Remuneration, social security and pensions | 62 | €30 | - | -€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231 | €98 | -€133 | -57.5% |
| Other operating charges | 640/8 | €1,422 | €1,591 | +€169 | +11.9% |
| Gross operating margin | 9900 | €6,051 | -€17,348 | -€23,399 | |
| Operating profit (loss) | 9901 | €4,368 | -€19,037 | -€23,405 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €40 | €88 | +€48 | +119.4% |
| Recurring financial charges | 65 | €40 | €88 | +€48 | +119.4% |
| Profit (loss) for the period before taxes | 9903 | €4,328 | -€19,125 | -€23,453 | |
| Profit (loss) for the period | 9904 | €4,328 | -€19,125 | -€23,453 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,328 | -€19,125 | -€23,453 |
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.