FSCNS: 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.
FSCNS
Largest movements
- Receivables within one year -€159,648
down €159,648 (-45.6%), from €349,807 to €190,159
of which Trade receivables: -€159,952
- Stocks and contracts -€42,421
down €42,421 (-92.6%), from €45,808 to €3,387
- Cash -€33,698
down €33,698 (-96.8%), from €34,811 to €1,113
mainly Advances received (-€104,952) and Trade debts (-€100,108)
- Advances received -€104,952
down €104,952 (-97.7%), from €107,437 to €2,485
- Trade debts -€100,108
down €100,108 (-27.3%), from €366,896 to €266,788
- Profit (loss) carried forward -€25,295
down €25,295 (-31.4%), from -€80,553 to -€105,848
- Gross operating margin +€54,907
up €54,907 (+74.1%), from -€74,093 to -€19,185
- Financial income +€2,722
up €2,722 (+6791.6%), from €40 to €2,762
- Financial charges +€1,663
up €1,663 (+24.4%), from €6,811 to €8,474
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 | €431,647 | €197,502 | -€234,145 | -54.2% |
| Fixed assets | 21/28 | €355 | €1,740 | +€1,385 | +389.6% |
| Tangible fixed assets | 22/27 | €10 | €1,395 | +€1,385 | +13313.5% |
| Furniture and vehicles | 24 | €10 | - | -€10 | |
| Assets under construction and advance payments | 27 | - | €1,395 | +€1,395 | |
| Financial fixed assets | 28 | €345 | €345 | = | 0.0% |
| Current assets | 29/58 | €431,292 | €195,762 | -€235,530 | -54.6% |
| Stocks and contracts in progress | 3 | €45,808 | €3,387 | -€42,421 | -92.6% |
| Stocks | 30/36 | €45,808 | €3,387 | -€42,421 | -92.6% |
| Amounts receivable within one year | 40/41 | €349,807 | €190,159 | -€159,648 | -45.6% |
| Trade receivables | 40 | €349,244 | €189,292 | -€159,952 | -45.8% |
| Other amounts receivable | 41 | €563 | €868 | +€305 | +54.2% |
| Cash at bank and in hand | 54/58 | €34,811 | €1,113 | -€33,698 | -96.8% |
| Deferred charges and accrued income | 490/1 | €866 | €1,102 | +€236 | +27.2% |
| Total equity and liabilities | 10/49 | €431,647 | €197,502 | -€234,145 | -54.2% |
| Equity | 10/15 | -€60,148 | -€85,443 | -€25,295 | -42.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,553 | -€105,848 | -€25,295 | -31.4% |
| Amounts payable | 17/49 | €491,795 | €282,945 | -€208,850 | -42.5% |
| Amounts payable within one year | 42/48 | €487,985 | €282,538 | -€205,448 | -42.1% |
| Trade debts | 44 | €366,896 | €266,788 | -€100,108 | -27.3% |
| Suppliers | 440/4 | €366,896 | €266,788 | -€100,108 | -27.3% |
| Advances received on contracts in progress | 46 | €107,437 | €2,485 | -€104,952 | -97.7% |
| Other amounts payable | 47/48 | €13,653 | €13,265 | -€388 | -2.8% |
| Accrued charges and deferred income | 492/3 | €3,810 | €407 | -€3,402 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375 | €10 | -€365 | -97.2% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€74,093 | -€19,185 | +€54,907 | +74.1% |
| Operating profit (loss) | 9901 | -€74,852 | -€19,583 | +€55,269 | +73.8% |
| Financial income | 75/76B | €40 | €2,762 | +€2,722 | +6791.6% |
| Recurring financial income | 75 | €40 | €2,762 | +€2,722 | +6791.6% |
| Financial charges | 65/66B | €6,811 | €8,474 | +€1,663 | +24.4% |
| Recurring financial charges | 65 | €6,811 | €8,474 | +€1,663 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | -€81,623 | -€25,295 | +€56,328 | +69.0% |
| Profit (loss) for the period | 9904 | -€81,623 | -€25,295 | +€56,328 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,623 | -€25,295 | +€56,328 | +69.0% |
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 6 October 2026 via checked.be.