Initiative Formation Insertion: 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.
What changed
Initiative Formation Insertion
NACE 94.992, Activities of membership organisations
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€287,428
2023 · -€29,313-€258,115
Equity
€375,213
2023 · €668,936-€293,723
Cash
€364,870
2023 · €474,352-€109,481
Balance sheet total
€967,065
2023 · €1.1m-€92,969
Largest movements
Assets
- Cash -€109,481
down €109,481 (-23.1%), from €474,352 to €364,870
mainly Net result for the year (-€287,428) and Debts within one year (-€96,715)
- Receivables within one year +€64,900
up €64,900 (+32.0%), from €202,764 to €267,664
- Tangible fixed assets -€46,412
down €46,412 (-32.2%), from €143,957 to €97,545
Equity and liabilities
- Provisions +€301,404
new in 2024: €301,404
- Profit (loss) carried forward -€287,428
down €287,428 (-1,258%), from -€22,855 to -€310,283
- Debts within one year -€96,715
down €96,715 (-27.6%), from €350,965 to €254,250
Income statement
- Gross operating margin +€85,644
up €85,644 (+9.9%), from €865,856 to €951,500
- Staff costs +€51,331
up €51,331 (+6.1%), from €844,162 to €895,492
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.
Result 2023
-€29,313
Gross operating margin
+€85,644
Staff costs
-€51,331
Depreciation
+€1,857
Other operating charges
+€1,507
Other operating items
-€298,967
Financial income
+€244
Financial charges
+€2,931
Result 2024
-€287,428
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€99,251
Investment
€0
Financing
-€10,230
Cash 2023
€474,352
From operations (derived)
-€99,251
Net result for the year
-€287,428
Depreciation
+€46,412
Receivables after one year
+€3,935
Receivables within one year
-€64,900
Deferred charges and accrued income
-€1,959
Provisions
+€301,404
Debts within one year
-€96,715
Financing
-€10,230
Debts after one year
-€3,935
Contributions, distributions and other
-€6,295
Cash 2024
€364,870
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,060,034 | €967,065 | -€92,969 | -8.8% |
| Fixed assets | 21/28 | €338,668 | €292,256 | -€46,412 | -13.7% |
| Tangible fixed assets | 22/27 | €143,957 | €97,545 | -€46,412 | -32.2% |
| Land and buildings | 22 | €5,600 | €5,600 | = | 0.0% |
| Plant, machinery and equipment | 23 | €24,530 | €18,398 | -€6,133 | -25.0% |
| Furniture and vehicles | 24 | €67,441 | €45,536 | -€21,905 | -32.5% |
| Other tangible fixed assets | 26 | €46,385 | €28,011 | -€18,374 | -39.6% |
| Financial fixed assets | 28 | €194,711 | €194,711 | = | 0.0% |
| Current assets | 29/58 | €721,366 | €674,809 | -€46,557 | -6.5% |
| Amounts receivable after more than one year | 29 | €40,133 | €36,198 | -€3,935 | -9.8% |
| Other amounts receivable | 291 | €40,133 | €36,198 | -€3,935 | -9.8% |
| Amounts receivable within one year | 40/41 | €202,764 | €267,664 | +€64,900 | +32.0% |
| Other amounts receivable | 41 | €202,764 | €267,664 | +€64,900 | +32.0% |
| Cash at bank and in hand | 54/58 | €474,352 | €364,870 | -€109,481 | -23.1% |
| Deferred charges and accrued income | 490/1 | €4,118 | €6,076 | +€1,959 | +47.6% |
| Total equity and liabilities | 10/49 | €1,060,034 | €967,065 | -€92,969 | -8.8% |
| Equity | 10/15 | €668,936 | €375,213 | -€293,723 | -43.9% |
| Reserves | 13 | €679,200 | €679,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,855 | -€310,283 | -€287,428 | -1,258% |
| Investment grants | 15 | €12,591 | €6,295 | -€6,295 | -50.0% |
| Provisions and deferred taxes | 16 | - | €301,404 | +€301,404 | |
| Provisions for liabilities and charges | 160/5 | - | €301,404 | +€301,404 | |
| Other liabilities and charges | 164/5 | - | €301,404 | +€301,404 | |
| Amounts payable | 17/49 | €391,098 | €290,448 | -€100,649 | -25.7% |
| Amounts payable after more than one year | 17 | €40,133 | €36,198 | -€3,935 | -9.8% |
| Financial debts | 170/4 | - | €36,198 | +€36,198 | |
| Other amounts payable | 178/9 | €40,133 | - | -€40,133 | |
| Amounts payable within one year | 42/48 | €350,965 | €254,250 | -€96,715 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €3,148 | €3,148 | = | 0.0% |
| Trade debts | 44 | €40,271 | €20,259 | -€20,012 | -49.7% |
| Suppliers | 440/4 | €40,271 | €20,259 | -€20,012 | -49.7% |
| Taxes, remuneration and social security | 45 | €121,670 | €127,935 | +€6,265 | +5.1% |
| Taxes | 450/3 | €22,857 | €19,533 | -€3,324 | -14.5% |
| Remuneration and social security | 454/9 | €98,813 | €108,402 | +€9,590 | +9.7% |
| Remuneration, social security and pensions | 62 | €844,162 | €895,492 | +€51,331 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,268 | €46,412 | -€1,857 | -3.8% |
| Other operating charges | 640/8 | €3,186 | €1,679 | -€1,507 | -47.3% |
| Non-recurring operating charges | 66A | €2,438 | €301,405 | +€298,967 | +12,262% |
| Gross operating margin | 9900 | €865,856 | €951,500 | +€85,644 | +9.9% |
| Operating profit (loss) | 9901 | -€32,198 | -€293,488 | -€261,290 | -812% |
| Financial income | 75/76B | €6,535 | €6,779 | +€244 | +3.7% |
| Recurring financial income | 75 | €6,535 | €6,779 | +€244 | +3.7% |
| Financial charges | 65/66B | €3,650 | €720 | -€2,931 | -80.3% |
| Recurring financial charges | 65 | €3,650 | €720 | -€2,931 | -80.3% |
| Profit (loss) for the period before taxes | 9903 | -€29,313 | -€287,428 | -€258,115 | -881% |
| Profit (loss) for the period | 9904 | -€29,313 | -€287,428 | -€258,115 | -881% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,313 | -€287,428 | -€258,115 | -881% |
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 1 November 2026 via checked.be.