LINCHPIN: 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.
LINCHPIN
Largest movements
- Tangible fixed assets -€20,596
down €20,596 (-16.9%), from €121,778 to €101,182
of which Plant, machinery and equipment: -€16,009
- Cash -€11,290
down €11,290 (-41.5%), from €27,174 to €15,884
mainly Trade debts (-€37,484) and Net result for the year (-€3,642)
- Receivables within one year -€2,666
down €2,666 (-13.4%), from €19,943 to €17,277
- Trade debts -€37,484
down €37,484 (-73.3%), from €51,167 to €13,683
- Other debts +€4,148
up €4,148 (+10.7%), from €38,706 to €42,854
- Profit (loss) carried forward -€3,642
down €3,642 (-4.4%), from -€83,176 to -€86,818
- Tax, wage and social debts +€2,039
up €2,039 (+39.3%), from €5,193 to €7,232
of which Taxes: +€5,517
- Gross operating margin -€75,347
down €75,347 (-80.2%), from €93,945 to €18,598
- Staff costs -€25,016
down €25,016 (-97.7%), from €25,612 to €596
- Financial charges -€1,789
down €1,789 (-91.9%), from €1,947 to €158
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 | €196,394 | €161,843 | -€34,552 | -17.6% |
| Fixed assets | 21/28 | €149,278 | €128,682 | -€20,596 | -13.8% |
| Tangible fixed assets | 22/27 | €121,778 | €101,182 | -€20,596 | -16.9% |
| Plant, machinery and equipment | 23 | €39,002 | €22,993 | -€16,009 | -41.0% |
| Other tangible fixed assets | 26 | €82,776 | €78,188 | -€4,587 | -5.5% |
| Financial fixed assets | 28 | €27,500 | €27,500 | = | 0.0% |
| Current assets | 29/58 | €47,117 | €33,161 | -€13,956 | -29.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €19,943 | €17,277 | -€2,666 | -13.4% |
| Trade receivables | 40 | €19,943 | €17,277 | -€2,666 | -13.4% |
| Cash at bank and in hand | 54/58 | €27,174 | €15,884 | -€11,290 | -41.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €196,394 | €161,843 | -€34,552 | -17.6% |
| Equity | 10/15 | -€76,976 | -€80,618 | -€3,642 | -4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,176 | -€86,818 | -€3,642 | -4.4% |
| Amounts payable | 17/49 | €273,370 | €242,461 | -€30,909 | -11.3% |
| Amounts payable after more than one year | 17 | €175,000 | €175,000 | = | 0.0% |
| Financial debts | 170/4 | €175,000 | €175,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,404 | €64,108 | -€31,297 | -32.8% |
| Trade debts | 44 | €51,167 | €13,683 | -€37,484 | -73.3% |
| Suppliers | 440/4 | €51,167 | €13,683 | -€37,484 | -73.3% |
| Advances received on contracts in progress | 46 | €339 | €339 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,193 | €7,232 | +€2,039 | +39.3% |
| Taxes | 450/3 | €1,715 | €7,232 | +€5,517 | +321.7% |
| Remuneration and social security | 454/9 | €3,478 | €0 | -€3,478 | -100.0% |
| Other amounts payable | 47/48 | €38,706 | €42,854 | +€4,148 | +10.7% |
| Accrued charges and deferred income | 492/3 | €2,966 | €3,353 | +€387 | +13.1% |
| Remuneration, social security and pensions | 62 | €25,612 | €596 | -€25,016 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,816 | €21,513 | +€697 | +3.3% |
| Other operating charges | 640/8 | €344 | €0 | -€344 | -100.0% |
| Gross operating margin | 9900 | €93,945 | €18,598 | -€75,347 | -80.2% |
| Operating profit (loss) | 9901 | €47,173 | -€3,511 | -€50,684 | |
| Financial income | 75/76B | €402 | €27 | -€375 | -93.3% |
| Recurring financial income | 75 | €402 | €27 | -€375 | -93.3% |
| Financial charges | 65/66B | €1,947 | €158 | -€1,789 | -91.9% |
| Recurring financial charges | 65 | €1,947 | €158 | -€1,789 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | €45,628 | -€3,642 | -€49,270 | |
| Profit (loss) for the period | 9904 | €45,628 | -€3,642 | -€49,270 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,628 | -€3,642 | -€49,270 |
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 3 October 2026 via checked.be.