Initial Films: 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.
Initial Films
Largest movements
- Intangible fixed assets +€58,521
up €58,521 (+266%), from €21,977 to €80,497
- Receivables within one year +€19,778
up €19,778 (+341%), from €5,801 to €25,579
of which Trade receivables: +€21,423
- Accrued charges and deferred income +€70,700
new in 2024: €70,700
- Trade debts +€20,885
up €20,885 (+425%), from €4,919 to €25,805
- Debts after one year -€10,772
down €10,772 (-44.5%), from €24,196 to €13,425
- Profit (loss) carried forward -€3,877
down €3,877 (-310%), from -€1,250 to -€5,127
- Gross operating margin +€44,636
up €44,636 (+450%), from €9,923 to €54,559
- Staff costs +€31,011
up €31,011 (+289%), from €10,723 to €41,734
- Depreciation +€15,702
up €15,702 (+2,692%), from €583 to €16,285
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 | €31,091 | €108,449 | +€77,358 | +249% |
| Formation expenses | 20 | €906 | €566 | -€340 | -37.5% |
| Fixed assets | 21/28 | €23,778 | €81,644 | +€57,866 | +243% |
| Intangible fixed assets | 21 | €21,977 | €80,497 | +€58,521 | +266% |
| Tangible fixed assets | 22/27 | €1,802 | €1,147 | -€655 | -36.4% |
| Furniture and vehicles | 24 | €1,802 | €1,147 | -€655 | -36.4% |
| Current assets | 29/58 | €6,406 | €26,239 | +€19,832 | +310% |
| Amounts receivable within one year | 40/41 | €5,801 | €25,579 | +€19,778 | +341% |
| Trade receivables | 40 | - | €21,423 | +€21,423 | |
| Other amounts receivable | 41 | €5,801 | €4,156 | -€1,644 | -28.3% |
| Cash at bank and in hand | 54/58 | €360 | €449 | +€89 | +24.7% |
| Deferred charges and accrued income | 490/1 | €246 | €211 | -€35 | -14.2% |
| Total equity and liabilities | 10/49 | €31,091 | €108,449 | +€77,358 | +249% |
| Equity | 10/15 | €750 | -€3,127 | -€3,877 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,250 | -€5,127 | -€3,877 | -310% |
| Amounts payable | 17/49 | €30,341 | €111,576 | +€81,235 | +268% |
| Amounts payable after more than one year | 17 | €24,196 | €13,425 | -€10,772 | -44.5% |
| Other amounts payable | 178/9 | €24,196 | €13,425 | -€10,772 | -44.5% |
| Amounts payable within one year | 42/48 | €6,144 | €27,451 | +€21,306 | +347% |
| Trade debts | 44 | €4,919 | €25,805 | +€20,885 | +425% |
| Suppliers | 440/4 | €4,919 | €25,805 | +€20,885 | +425% |
| Taxes, remuneration and social security | 45 | €1,225 | €1,646 | +€421 | +34.4% |
| Taxes | 450/3 | €564 | €219 | -€345 | -61.1% |
| Remuneration and social security | 454/9 | €661 | €1,427 | +€766 | +116% |
| Accrued charges and deferred income | 492/3 | - | €70,700 | +€70,700 | |
| Remuneration, social security and pensions | 62 | €10,723 | €41,734 | +€31,011 | +289% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €583 | €16,285 | +€15,702 | +2,692% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €9,923 | €54,559 | +€44,636 | +450% |
| Operating profit (loss) | 9901 | -€1,383 | -€3,560 | -€2,177 | -157% |
| Financial income | 75/76B | €0 | €4 | +€4 | +39,300% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +39,300% |
| Financial charges | 65/66B | €249 | €312 | +€63 | +25.4% |
| Recurring financial charges | 65 | €249 | €312 | +€63 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,632 | -€3,868 | -€2,236 | -137% |
| Income taxes | 67/77 | - | €9 | +€9 | |
| Profit (loss) for the period | 9904 | -€1,632 | -€3,877 | -€2,245 | -138% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,632 | -€3,877 | -€2,245 | -138% |
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 17 October 2026 via checked.be.