GREEN FLAG: 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.
GREEN FLAG
Largest movements
- Receivables within one year +€30,656
up €30,656 (+409.9%), from €7,479 to €38,135
of which Trade receivables: +€37,442
- Stocks and contracts -€28,926
down €28,926 (-100.0%), from €28,926 to €0
- Deferred charges and accrued income -€6,895
down €6,895 (-87.3%), from €7,900 to €1,006
- Tangible fixed assets -€6,350
down €6,350 (-13.3%), from €47,792 to €41,442
of which Other tangible fixed assets: -€6,057
- Other debts +€48,767
up €48,767 (+56.5%), from €86,282 to €135,048
- Trade debts -€48,497
down €48,497 (-68.4%), from €70,927 to €22,431
- Advances received +€30,000
new in 2024: €30,000
- Profit (loss) carried forward -€24,220
down €24,220 (-19.6%), from -€123,377 to -€147,597
- Accrued charges and deferred income -€10,650
down €10,650 (-89.6%), from €11,882 to €1,232
- Gross operating margin +€16,048
up €16,048 (+60.5%), from -€26,538 to -€10,490
- Other operating charges +€2,404
up €2,404 (+399.8%), from €601 to €3,006
- Staff costs -€1,563
down €1,563 (-95.7%), from €1,634 to €71
- Financial charges +€356
up €356 (+9.0%), from €3,947 to €4,303
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 | €95,713 | €84,847 | -€10,866 | -11.4% |
| Fixed assets | 21/28 | €47,792 | €41,442 | -€6,350 | -13.3% |
| Tangible fixed assets | 22/27 | €47,792 | €41,442 | -€6,350 | -13.3% |
| Furniture and vehicles | 24 | €823 | €529 | -€293 | -35.6% |
| Other tangible fixed assets | 26 | €46,970 | €40,913 | -€6,057 | -12.9% |
| Current assets | 29/58 | €47,921 | €43,405 | -€4,516 | -9.4% |
| Stocks and contracts in progress | 3 | €28,926 | €0 | -€28,926 | -100.0% |
| Stocks | 30/36 | €28,926 | €0 | -€28,926 | -100.0% |
| Amounts receivable within one year | 40/41 | €7,479 | €38,135 | +€30,656 | +409.9% |
| Trade receivables | 40 | €378 | €37,820 | +€37,442 | +9905.3% |
| Other amounts receivable | 41 | €7,101 | €314 | -€6,786 | -95.6% |
| Cash at bank and in hand | 54/58 | €3,616 | €4,265 | +€648 | +17.9% |
| Deferred charges and accrued income | 490/1 | €7,900 | €1,006 | -€6,895 | -87.3% |
| Total equity and liabilities | 10/49 | €95,713 | €84,847 | -€10,866 | -11.4% |
| Equity | 10/15 | -€83,377 | -€107,597 | -€24,220 | -29.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,377 | -€147,597 | -€24,220 | -19.6% |
| Amounts payable | 17/49 | €179,091 | €192,444 | +€13,353 | +7.5% |
| Amounts payable within one year | 42/48 | €167,209 | €191,212 | +€24,003 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €0 | -€10,000 | -100.0% |
| Trade debts | 44 | €70,927 | €22,431 | -€48,497 | -68.4% |
| Suppliers | 440/4 | €70,927 | €22,431 | -€48,497 | -68.4% |
| Advances received on contracts in progress | 46 | - | €30,000 | +€30,000 | |
| Taxes, remuneration and social security | 45 | €0 | €3,734 | +€3,734 | |
| Taxes | 450/3 | - | €3,734 | +€3,734 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €86,282 | €135,048 | +€48,767 | +56.5% |
| Accrued charges and deferred income | 492/3 | €11,882 | €1,232 | -€10,650 | -89.6% |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,634 | €71 | -€1,563 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,350 | €6,350 | = | 0.0% |
| Other operating charges | 640/8 | €601 | €3,006 | +€2,404 | +399.8% |
| Gross operating margin | 9900 | -€26,538 | -€10,490 | +€16,048 | +60.5% |
| Operating profit (loss) | 9901 | -€35,124 | -€19,916 | +€15,207 | +43.3% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100.0% |
| Financial charges | 65/66B | €3,947 | €4,303 | +€356 | +9.0% |
| Recurring financial charges | 65 | €3,947 | €4,303 | +€356 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,065 | -€24,220 | +€14,845 | +38.0% |
| Profit (loss) for the period | 9904 | -€39,065 | -€24,220 | +€14,845 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,065 | -€24,220 | +€14,845 | +38.0% |
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 5 October 2026 via checked.be.