LE CODE BAR: 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.
LE CODE BAR
Largest movements
- Tangible fixed assets -€4,390
down €4,390 (-79.2%), from €5,543 to €1,154
of which Furniture and vehicles: -€3,469
- Stocks and contracts +€1,108
up €1,108 (+21.1%), from €5,241 to €6,349
- Cash -€648
down €648 (-23.3%), from €2,780 to €2,132
mainly Short-term financial debts (-€10,154) and Net result for the year (-€8,555)
- Receivables within one year +€406
new in 2024: €406
- Other debts +€17,076
up €17,076 (+51.0%), from €33,479 to €50,555
- Short-term financial debts -€10,154
no longer reported in 2024 (was €10,154)
- Profit (loss) carried forward -€8,555
down €8,555 (-8.0%), from -€106,417 to -€114,973
- Current portion of long-term debt -€4,689
down €4,689 (-76.8%), from €6,107 to €1,418
- Trade debts +€4,134
up €4,134 (+11.8%), from €35,087 to €39,221
- Staff costs -€29,308
down €29,308 (-49.9%), from €58,727 to €29,419
- Gross operating margin -€14,076
down €14,076 (-33.0%), from €42,638 to €28,563
- Depreciation -€2,823
down €2,823 (-36.0%), from €7,843 to €5,020
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 | €15,647 | €12,124 | -€3,523 | -22.5% |
| Fixed assets | 21/28 | €7,626 | €3,237 | -€4,390 | -57.6% |
| Tangible fixed assets | 22/27 | €5,543 | €1,154 | -€4,390 | -79.2% |
| Furniture and vehicles | 24 | €3,469 | - | -€3,469 | |
| Other tangible fixed assets | 26 | €2,074 | €1,154 | -€921 | -44.4% |
| Financial fixed assets | 28 | €2,083 | €2,083 | = | 0.0% |
| Current assets | 29/58 | €8,021 | €8,887 | +€866 | +10.8% |
| Stocks and contracts in progress | 3 | €5,241 | €6,349 | +€1,108 | +21.1% |
| Stocks | 30/36 | €5,241 | €6,349 | +€1,108 | +21.1% |
| Amounts receivable within one year | 40/41 | - | €406 | +€406 | |
| Trade receivables | 40 | - | €406 | +€406 | |
| Cash at bank and in hand | 54/58 | €2,780 | €2,132 | -€648 | -23.3% |
| Total equity and liabilities | 10/49 | €15,647 | €12,124 | -€3,523 | -22.5% |
| Equity | 10/15 | -€84,747 | -€93,303 | -€8,555 | -10.1% |
| Contributions | 10/11 | €19,810 | €19,810 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,417 | -€114,973 | -€8,555 | -8.0% |
| Amounts payable | 17/49 | €100,394 | €105,426 | +€5,032 | +5.0% |
| Amounts payable after more than one year | 17 | €1,418 | - | -€1,418 | |
| Financial debts | 170/4 | €1,418 | - | -€1,418 | |
| Amounts payable within one year | 42/48 | €98,977 | €105,426 | +€6,450 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €6,107 | €1,418 | -€4,689 | -76.8% |
| Financial debts | 43 | €10,154 | - | -€10,154 | |
| Credit institutions | 430/8 | €10,154 | - | -€10,154 | |
| Trade debts | 44 | €35,087 | €39,221 | +€4,134 | +11.8% |
| Suppliers | 440/4 | €35,087 | €39,221 | +€4,134 | +11.8% |
| Advances received on contracts in progress | 46 | - | €4,000 | +€4,000 | |
| Taxes, remuneration and social security | 45 | €14,150 | €10,232 | -€3,918 | -27.7% |
| Taxes | 450/3 | €3,428 | €166 | -€3,262 | -95.2% |
| Remuneration and social security | 454/9 | €10,722 | €10,066 | -€655 | -6.1% |
| Other amounts payable | 47/48 | €33,479 | €50,555 | +€17,076 | +51.0% |
| Remuneration, social security and pensions | 62 | €58,727 | €29,419 | -€29,308 | -49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,843 | €5,020 | -€2,823 | -36.0% |
| Other operating charges | 640/8 | €1,118 | €1,173 | +€54 | +4.8% |
| Gross operating margin | 9900 | €42,638 | €28,563 | -€14,076 | -33.0% |
| Operating profit (loss) | 9901 | -€25,051 | -€7,049 | +€18,002 | +71.9% |
| Financial income | 75/76B | €5 | €40 | +€34 | +648.7% |
| Recurring financial income | 75 | €5 | €40 | +€34 | +648.7% |
| Financial charges | 65/66B | €1,210 | €1,546 | +€336 | +27.8% |
| Recurring financial charges | 65 | €1,210 | €1,546 | +€336 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,255 | -€8,555 | +€17,700 | +67.4% |
| Profit (loss) for the period | 9904 | -€26,255 | -€8,555 | +€17,700 | +67.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,255 | -€8,555 | +€17,700 | +67.4% |
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 29 September 2026 via checked.be.