Le Second Degré: 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.
Le Second Degré
Largest movements
- Receivables within one year -€36,647
no longer reported in 2024 (was €36,647)
of which Trade receivables: -€36,352
- Cash +€19,871
up €19,871 (+5265.4%), from €377 to €20,248
mainly Receivables within one year (+€36,647) and Trade debts (+€14,486)
- Debts after one year -€20,066
down €20,066 (-26.3%), from €76,252 to €56,186
- Other debts -€18,106
down €18,106 (-17.9%), from €100,903 to €82,796
- Trade debts +€14,486
up €14,486 (+5946.8%), from €244 to €14,730
of which Bills of exchange payable: +€14,730
- Reserves +€9,000
up €9,000 (+483.9%), from €1,860 to €10,860
of which Distributable reserves: +€9,000
- Gross operating margin -€22,690
down €22,690 (-56.4%), from €40,207 to €17,517
- Taxes -€4,320
down €4,320 (-44.8%), from €9,640 to €5,321
- Other operating charges +€968
up €968 (+1382.4%), from €70 to €1,038
- Financial charges -€440
down €440 (-19.4%), from €2,266 to €1,826
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 | €287,024 | €270,248 | -€16,776 | -5.8% |
| Fixed assets | 21/28 | €250,000 | €250,000 | = | 0.0% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €37,024 | €20,248 | -€16,776 | -45.3% |
| Amounts receivable within one year | 40/41 | €36,647 | - | -€36,647 | |
| Trade receivables | 40 | €36,352 | - | -€36,352 | |
| Other amounts receivable | 41 | €295 | - | -€295 | |
| Cash at bank and in hand | 54/58 | €377 | €20,248 | +€19,871 | +5265.4% |
| Total equity and liabilities | 10/49 | €287,024 | €270,248 | -€16,776 | -5.8% |
| Equity | 10/15 | €76,424 | €85,758 | +€9,333 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €10,860 | +€9,000 | +483.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €9,000 | +€9,000 | |
| Profit (loss) carried forward | 14 | €55,964 | €56,298 | +€333 | +0.6% |
| Amounts payable | 17/49 | €210,600 | €184,491 | -€26,109 | -12.4% |
| Amounts payable after more than one year | 17 | €76,252 | €56,186 | -€20,066 | -26.3% |
| Financial debts | 170/4 | €76,252 | €56,186 | -€20,066 | -26.3% |
| Amounts payable within one year | 42/48 | €134,348 | €128,305 | -€6,043 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €18,148 | €18,537 | +€389 | +2.1% |
| Trade debts | 44 | €244 | €14,730 | +€14,486 | +5946.8% |
| Suppliers | 440/4 | €244 | - | -€244 | |
| Bills of exchange payable | 441 | - | €14,730 | +€14,730 | |
| Taxes, remuneration and social security | 45 | €15,053 | €12,241 | -€2,812 | -18.7% |
| Taxes | 450/3 | €15,053 | €12,241 | -€2,812 | -18.7% |
| Other amounts payable | 47/48 | €100,903 | €82,796 | -€18,106 | -17.9% |
| Other operating charges | 640/8 | €70 | €1,038 | +€968 | +1382.4% |
| Gross operating margin | 9900 | €40,207 | €17,517 | -€22,690 | -56.4% |
| Operating profit (loss) | 9901 | €40,137 | €16,480 | -€23,657 | -58.9% |
| Financial charges | 65/66B | €2,266 | €1,826 | -€440 | -19.4% |
| Recurring financial charges | 65 | €2,266 | €1,826 | -€440 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €37,871 | €14,654 | -€23,218 | -61.3% |
| Income taxes | 67/77 | €9,640 | €5,321 | -€4,320 | -44.8% |
| Profit (loss) for the period | 9904 | €28,231 | €9,333 | -€18,898 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,231 | €9,333 | -€18,898 | -66.9% |
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 12 October 2026 via checked.be.