LIVE PROJECT: 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.
LIVE PROJECT
Largest movements
- Receivables within one year -€219,655
down €219,655 (-29.4%), from €747,221 to €527,566
of which Trade receivables: -€173,589
- Deferred charges and accrued income -€18,567
down €18,567 (-68.1%), from €27,251 to €8,685
- Trade debts -€86,726
down €86,726 (-24.0%), from €361,286 to €274,559
- Reserves -€65,794
no longer reported in 2024 (was €65,794)
- Profit (loss) carried forward -€62,896
new in 2024: -€62,896
- Tax, wage and social debts -€32,046
down €32,046 (-31.1%), from €102,887 to €70,840
of which Remuneration and social security: -€18,936
- Other debts +€29,161
new in 2024: €29,161
- Gross operating margin -€159,561
down €159,561, from €158,761 to -€800
- Staff costs -€56,734
down €56,734 (-51.2%), from €110,824 to €54,090
- Other operating charges +€41,631
up €41,631 (+361.2%), from €11,527 to €53,158
- Financial charges -€9,771
down €9,771 (-35.8%), from €27,265 to €17,493
- Taxes -€4,461
down €4,461 (-62.0%), from €7,201 to €2,739
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 | €775,433 | €536,632 | -€238,801 | -30.8% |
| Fixed assets | 21/28 | €961 | €382 | -€579 | -60.3% |
| Tangible fixed assets | 22/27 | €961 | €382 | -€579 | -60.3% |
| Furniture and vehicles | 24 | €961 | €382 | -€579 | -60.3% |
| Current assets | 29/58 | €774,472 | €536,251 | -€238,222 | -30.8% |
| Amounts receivable within one year | 40/41 | €747,221 | €527,566 | -€219,655 | -29.4% |
| Trade receivables | 40 | €537,597 | €364,007 | -€173,589 | -32.3% |
| Other amounts receivable | 41 | €209,624 | €163,558 | -€46,065 | -22.0% |
| Cash at bank and in hand | 54/58 | - | €0 | = | |
| Deferred charges and accrued income | 490/1 | €27,251 | €8,685 | -€18,567 | -68.1% |
| Total equity and liabilities | 10/49 | €775,433 | €536,632 | -€238,801 | -30.8% |
| Equity | 10/15 | €71,994 | -€56,696 | -€128,689 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,794 | - | -€65,794 | |
| Distributable reserves | 133 | €65,794 | - | -€65,794 | |
| Profit (loss) carried forward | 14 | - | -€62,896 | -€62,896 | |
| Amounts payable | 17/49 | €703,440 | €593,328 | -€110,112 | -15.7% |
| Amounts payable after more than one year | 17 | €49,218 | €35,366 | -€13,852 | -28.1% |
| Financial debts | 170/4 | €49,218 | €35,366 | -€13,852 | -28.1% |
| Amounts payable within one year | 42/48 | €654,222 | €557,962 | -€96,260 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €15,224 | €14,827 | -€397 | -2.6% |
| Financial debts | 43 | €174,826 | €168,574 | -€6,252 | -3.6% |
| Credit institutions | 430/8 | €174,826 | €168,574 | -€6,252 | -3.6% |
| Trade debts | 44 | €361,286 | €274,559 | -€86,726 | -24.0% |
| Suppliers | 440/4 | €361,286 | €274,559 | -€86,726 | -24.0% |
| Taxes, remuneration and social security | 45 | €102,887 | €70,840 | -€32,046 | -31.1% |
| Taxes | 450/3 | €83,951 | €70,840 | -€13,110 | -15.6% |
| Remuneration and social security | 454/9 | €18,936 | - | -€18,936 | |
| Other amounts payable | 47/48 | - | €29,161 | +€29,161 | |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €110,824 | €54,090 | -€56,734 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,322 | €579 | -€1,743 | -75.1% |
| Other operating charges | 640/8 | €11,527 | €53,158 | +€41,631 | +361.2% |
| Gross operating margin | 9900 | €158,761 | -€800 | -€159,561 | |
| Operating profit (loss) | 9901 | €34,088 | -€108,627 | -€142,716 | |
| Financial income | 75/76B | €2,813 | €171 | -€2,642 | -93.9% |
| Recurring financial income | 75 | €2,813 | €171 | -€2,642 | -93.9% |
| Financial charges | 65/66B | €27,265 | €17,493 | -€9,771 | -35.8% |
| Recurring financial charges | 65 | €27,265 | €17,493 | -€9,771 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €9,637 | -€125,950 | -€135,587 | |
| Income taxes | 67/77 | €7,201 | €2,739 | -€4,461 | -62.0% |
| Profit (loss) for the period | 9904 | €2,436 | -€128,689 | -€131,125 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,436 | -€128,689 | -€131,125 |
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 7 October 2026 via checked.be.