Margaux JOACHIM: what changed
Margaux JOACHIM
Largest movements
- Receivables within one year +€17,756
up €17,756 (+67.8%), from €26,197 to €43,953
of which Trade receivables: +€30,105
- Cash -€12,160
down €12,160 (-75.3%), from €16,149 to €3,989
mainly Receivables within one year (-€17,756) and Net result for the year (-€12,925)
- Tangible fixed assets -€6,206
down €6,206 (-20.4%), from €30,364 to €24,158
of which Furniture and vehicles: -€3,982
- Stocks and contracts -€2,113
down €2,113 (-4.9%), from €43,105 to €40,992
- Trade debts +€18,037
up €18,037 (+102%), from €17,707 to €35,744
- Profit (loss) carried forward -€12,925
down €12,925, from €249 to -€12,676
- Other debts -€6,300
no longer reported in 2024 (was €6,300)
- Short-term financial debts +€6,225
up €6,225 (+69.2%), from €9,000 to €15,225
- Debts after one year -€4,303
down €4,303 (-20.7%), from €20,826 to €16,523
- Gross operating margin -€19,698
down €19,698 (-98.0%), from €20,096 to €398
- Financial charges +€1,121
up €1,121 (+31.7%), from €3,535 to €4,657
of which Financial charges: +€1,136
- Depreciation +€431
up €431 (+7.5%), from €5,775 to €6,206
- Other operating charges +€315
up €315 (+15.5%), from €2,033 to €2,348
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,714 | €119,992 | -€2,722 | -2.2% |
| Fixed assets | 21/28 | €37,264 | €31,058 | -€6,206 | -16.7% |
| Tangible fixed assets | 22/27 | €30,364 | €24,158 | -€6,206 | -20.4% |
| Furniture and vehicles | 24 | €16,570 | €12,589 | -€3,982 | -24.0% |
| Other tangible fixed assets | 26 | €13,793 | €11,569 | -€2,224 | -16.1% |
| Financial fixed assets | 28 | €6,900 | €6,900 | = | 0.0% |
| Current assets | 29/58 | €85,451 | €88,934 | +€3,483 | +4.1% |
| Stocks and contracts in progress | 3 | €43,105 | €40,992 | -€2,113 | -4.9% |
| Stocks | 30/36 | €43,105 | €40,992 | -€2,113 | -4.9% |
| Amounts receivable within one year | 40/41 | €26,197 | €43,953 | +€17,756 | +67.8% |
| Trade receivables | 40 | €12,976 | €43,081 | +€30,105 | +232% |
| Other amounts receivable | 41 | €13,221 | €872 | -€12,349 | -93.4% |
| Cash at bank and in hand | 54/58 | €16,149 | €3,989 | -€12,160 | -75.3% |
| Total equity and liabilities | 10/49 | €122,714 | €119,992 | -€2,722 | -2.2% |
| Equity | 10/15 | €42,709 | €29,784 | -€12,925 | -30.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,860 | €23,860 | = | 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% |
| Distributable reserves | 133 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €249 | -€12,676 | -€12,925 | |
| Amounts payable | 17/49 | €80,005 | €90,208 | +€10,203 | +12.8% |
| Amounts payable after more than one year | 17 | €20,826 | €16,523 | -€4,303 | -20.7% |
| Financial debts | 170/4 | €20,826 | €16,523 | -€4,303 | -20.7% |
| Amounts payable within one year | 42/48 | €58,619 | €72,726 | +€14,107 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €8,019 | €4,303 | -€3,716 | -46.3% |
| Financial debts | 43 | €9,000 | €15,225 | +€6,225 | +69.2% |
| Credit institutions | 430/8 | €9,000 | €15,225 | +€6,225 | +69.2% |
| Trade debts | 44 | €17,707 | €35,744 | +€18,037 | +102% |
| Suppliers | 440/4 | €17,707 | €35,744 | +€18,037 | +102% |
| Taxes, remuneration and social security | 45 | €17,593 | €17,453 | -€139 | -0.8% |
| Taxes | 450/3 | €17,593 | €17,453 | -€139 | -0.8% |
| Other amounts payable | 47/48 | €6,300 | - | -€6,300 | |
| Accrued charges and deferred income | 492/3 | €560 | €959 | +€399 | +71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,775 | €6,206 | +€431 | +7.5% |
| Other operating charges | 640/8 | €2,033 | €2,348 | +€315 | +15.5% |
| Gross operating margin | 9900 | €20,096 | €398 | -€19,698 | -98.0% |
| Operating profit (loss) | 9901 | €12,288 | -€8,156 | -€20,444 | |
| Financial charges | 65/66B | €3,535 | €4,657 | +€1,121 | +31.7% |
| Recurring financial charges | 65 | €3,520 | €4,657 | +€1,136 | +32.3% |
| Non-recurring financial charges | 66B | €15 | - | -€15 | |
| Profit (loss) for the period before taxes | 9903 | €8,753 | -€12,812 | -€21,565 | |
| Income taxes | 67/77 | €133 | €113 | -€20 | -15.4% |
| Profit (loss) for the period | 9904 | €8,620 | -€12,925 | -€21,545 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,620 | -€12,925 | -€21,545 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.