INSIGHT-IN: 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.
INSIGHT-IN
Largest movements
- Financial fixed assets -€1.0m
down €1.0m (-74.1%), from €1.4m to €350,000
- Cash -€28,290
down €28,290 (-73.1%), from €38,700 to €10,410
mainly Net result for the year (-€1.1m) and Debts after one year (-€70,649)
- Profit (loss) carried forward -€1.1m
new in 2024: -€1.1m
- Other debts +€214,267
up €214,267 (+50.8%), from €421,951 to €636,218
- Debts after one year -€70,649
down €70,649 (-23.1%), from €306,077 to €235,428
of which Financial debts: -€121,899
- Trade debts -€28,503
down €28,503 (-64.4%), from €44,242 to €15,738
- Tax, wage and social debts -€25,092
down €25,092 (-46.8%), from €53,578 to €28,486
of which Taxes: -€20,828
- Financial charges +€1.0m
up €1.0m (+9,741%), from €10,297 to €1.0m
of which Non-recurring financial charges: +€1.0m
- Gross operating margin -€124,338
down €124,338 (-64.1%), from €194,108 to €69,770
- Write-downs +€79,104
new in 2024: €79,104
- Staff costs -€20,471
down €20,471 (-18.2%), from €112,357 to €91,885
- Taxes -€6,408
down €6,408 (-95.3%), from €6,724 to €316
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 | €1,429,995 | €394,191 | -€1.0m | -72.4% |
| Fixed assets | 21/28 | €1,362,875 | €360,271 | -€1.0m | -73.6% |
| Tangible fixed assets | 22/27 | €12,875 | €10,271 | -€2,603 | -20.2% |
| Plant, machinery and equipment | 23 | €280 | €0 | -€280 | -100% |
| Furniture and vehicles | 24 | €7,149 | €4,826 | -€2,323 | -32.5% |
| Other tangible fixed assets | 26 | €5,445 | €5,445 | = | 0.0% |
| Financial fixed assets | 28 | €1,350,000 | €350,000 | -€1.0m | -74.1% |
| Current assets | 29/58 | €67,120 | €33,920 | -€33,200 | -49.5% |
| Amounts receivable within one year | 40/41 | €23,565 | €23,509 | -€56 | -0.2% |
| Trade receivables | 40 | €23,565 | €22,192 | -€1,373 | -5.8% |
| Other amounts receivable | 41 | - | €1,317 | +€1,317 | |
| Cash at bank and in hand | 54/58 | €38,700 | €10,410 | -€28,290 | -73.1% |
| Deferred charges and accrued income | 490/1 | €4,855 | €0 | -€4,855 | -100% |
| Total equity and liabilities | 10/49 | €1,429,995 | €394,191 | -€1.0m | -72.4% |
| Equity | 10/15 | €514,496 | -€604,528 | -€1.1m | |
| Contributions | 10/11 | €263,470 | €263,470 | = | 0.0% |
| Reserves | 13 | €251,025 | €251,025 | = | 0.0% |
| Distributable reserves | 133 | €251,025 | €251,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,119,024 | -€1.1m | |
| Amounts payable | 17/49 | €915,499 | €998,719 | +€83,221 | +9.1% |
| Amounts payable after more than one year | 17 | €306,077 | €235,428 | -€70,649 | -23.1% |
| Financial debts | 170/4 | €306,077 | €184,178 | -€121,899 | -39.8% |
| Other amounts payable | 178/9 | - | €51,250 | +€51,250 | |
| Amounts payable within one year | 42/48 | €608,172 | €761,131 | +€152,959 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €88,401 | €80,689 | -€7,712 | -8.7% |
| Trade debts | 44 | €44,242 | €15,738 | -€28,503 | -64.4% |
| Suppliers | 440/4 | €44,242 | €15,738 | -€28,503 | -64.4% |
| Taxes, remuneration and social security | 45 | €53,578 | €28,486 | -€25,092 | -46.8% |
| Taxes | 450/3 | €38,508 | €17,680 | -€20,828 | -54.1% |
| Remuneration and social security | 454/9 | €15,070 | €10,806 | -€4,264 | -28.3% |
| Other amounts payable | 47/48 | €421,951 | €636,218 | +€214,267 | +50.8% |
| Accrued charges and deferred income | 492/3 | €1,250 | €2,160 | +€910 | +72.8% |
| Remuneration, social security and pensions | 62 | €112,357 | €91,885 | -€20,471 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,192 | €2,603 | -€3,589 | -58.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €79,104 | +€79,104 | |
| Other operating charges | 640/8 | €1,712 | €1,616 | -€96 | -5.6% |
| Gross operating margin | 9900 | €194,108 | €69,770 | -€124,338 | -64.1% |
| Operating profit (loss) | 9901 | €73,847 | -€105,439 | -€179,286 | |
| Financial income | 75/76B | €56 | €0 | -€56 | -100% |
| Recurring financial income | 75 | €56 | €0 | -€56 | -100% |
| Financial charges | 65/66B | €10,297 | €1,013,269 | +€1.0m | +9,741% |
| Recurring financial charges | 65 | €10,297 | €13,269 | +€2,973 | +28.9% |
| Non-recurring financial charges | 66B | - | €1,000,000 | +€1.0m | |
| Profit (loss) for the period before taxes | 9903 | €63,607 | -€1,118,708 | -€1.2m | |
| Income taxes | 67/77 | €6,724 | €316 | -€6,408 | -95.3% |
| Profit (loss) for the period | 9904 | €56,883 | -€1,119,024 | -€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €56,883 | -€1,119,024 | -€1.2m |
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 15 October 2026 via checked.be.