LF 28: 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.
LF 28
Largest movements
- Cash -€49,420
down €49,420 (-99.3%), from €49,766 to €346
mainly Tax, wage and social debts (-€46,178) and Stocks and contracts (-€39,805)
- Stocks and contracts +€39,805
new in 2024: €39,805
- Receivables within one year -€9,657
down €9,657 (-22.1%), from €43,647 to €33,990
of which Other amounts receivable: -€21,151
- Tangible fixed assets -€3,634
down €3,634 (-40.5%), from €8,981 to €5,347
of which Plant, machinery and equipment: -€3,648
- Tax, wage and social debts -€46,178
down €46,178 (-69.4%), from €66,514 to €20,336
of which Remuneration and social security: -€42,940
- Short-term financial debts +€31,222
new in 2024: €31,222
- Profit (loss) carried forward +€21,850
up €21,850 (+69.9%), from -€31,249 to -€9,399
- Trade debts -€21,790
down €21,790 (-40.4%), from €53,969 to €32,179
- Accrued charges and deferred income -€5,614
no longer reported in 2024 (was €5,614)
- Gross operating margin -€293,713
down €293,713 (-89.6%), from €327,799 to €34,086
- Staff costs -€263,339
no longer reported in 2024 (was €263,339)
- Financial charges -€33,219
down €33,219 (-92.6%), from €35,869 to €2,650
of which Non-recurring financial charges: -€28,643
- Taxes +€8,500
new in 2024: €8,500
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 | €103,587 | €80,538 | -€23,049 | -22.3% |
| Fixed assets | 21/28 | €10,031 | €6,397 | -€3,634 | -36.2% |
| Tangible fixed assets | 22/27 | €8,981 | €5,347 | -€3,634 | -40.5% |
| Plant, machinery and equipment | 23 | €3,648 | - | -€3,648 | |
| Furniture and vehicles | 24 | €5,333 | €5,347 | +€14 | +0.3% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €93,556 | €74,141 | -€19,415 | -20.8% |
| Stocks and contracts in progress | 3 | - | €39,805 | +€39,805 | |
| Stocks | 30/36 | - | €39,805 | +€39,805 | |
| Amounts receivable within one year | 40/41 | €43,647 | €33,990 | -€9,657 | -22.1% |
| Trade receivables | 40 | - | €11,494 | +€11,494 | |
| Other amounts receivable | 41 | €43,647 | €22,496 | -€21,151 | -48.5% |
| Cash at bank and in hand | 54/58 | €49,766 | €346 | -€49,420 | -99.3% |
| Deferred charges and accrued income | 490/1 | €143 | - | -€143 | |
| Total equity and liabilities | 10/49 | €103,587 | €80,538 | -€23,049 | -22.3% |
| Equity | 10/15 | -€25,049 | -€3,199 | +€21,850 | +87.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,249 | -€9,399 | +€21,850 | +69.9% |
| Amounts payable | 17/49 | €128,636 | €83,737 | -€44,899 | -34.9% |
| Amounts payable within one year | 42/48 | €123,022 | €83,737 | -€39,285 | -31.9% |
| Financial debts | 43 | - | €31,222 | +€31,222 | |
| Other loans | 439 | - | €31,222 | +€31,222 | |
| Trade debts | 44 | €53,969 | €32,179 | -€21,790 | -40.4% |
| Suppliers | 440/4 | €53,969 | €32,179 | -€21,790 | -40.4% |
| Taxes, remuneration and social security | 45 | €66,514 | €20,336 | -€46,178 | -69.4% |
| Taxes | 450/3 | €23,574 | €20,336 | -€3,238 | -13.7% |
| Remuneration and social security | 454/9 | €42,940 | - | -€42,940 | |
| Other amounts payable | 47/48 | €2,539 | - | -€2,539 | |
| Accrued charges and deferred income | 492/3 | €5,614 | - | -€5,614 | |
| Non-recurring operating income | 76A | - | €3,547 | +€3,547 | |
| Remuneration, social security and pensions | 62 | €263,339 | - | -€263,339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,564 | €153 | -€2,411 | -94.0% |
| Other operating charges | 640/8 | €1,708 | €717 | -€991 | -58.0% |
| Non-recurring operating charges | 66A | - | €216 | +€216 | |
| Gross operating margin | 9900 | €327,799 | €34,086 | -€293,713 | -89.6% |
| Operating profit (loss) | 9901 | €60,188 | €33,000 | -€27,188 | -45.2% |
| Financial income | 75/76B | €92 | - | -€92 | |
| Recurring financial income | 75 | €92 | - | -€92 | |
| Financial charges | 65/66B | €35,869 | €2,650 | -€33,219 | -92.6% |
| Recurring financial charges | 65 | €7,226 | €2,650 | -€4,576 | -63.3% |
| Non-recurring financial charges | 66B | €28,643 | - | -€28,643 | |
| Profit (loss) for the period before taxes | 9903 | €24,411 | €30,350 | +€5,939 | +24.3% |
| Income taxes | 67/77 | - | €8,500 | +€8,500 | |
| Profit (loss) for the period | 9904 | €24,411 | €21,850 | -€2,561 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,411 | €21,850 | -€2,561 | -10.5% |
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 6 October 2026 via checked.be.