METAMORPHOSE: 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.
METAMORPHOSE
Largest movements
- Tangible fixed assets -€185,785
down €185,785 (-98.5%), from €188,656 to €2,871
of which Land and buildings: -€182,261
- Receivables within one year -€84,954
down €84,954 (-56.0%), from €151,740 to €66,786
of which Trade receivables: -€83,204
- Cash +€39,116
up €39,116 (+466.5%), from €8,384 to €47,500
mainly Investment in fixed assets (net) (+€182,261) and Receivables within one year (+€84,954)
- Debts after one year -€327,275
no longer reported in 2024 (was €327,275)
- Trade debts +€54,790
up €54,790 (+502.3%), from €10,907 to €65,697
- Other debts +€20,691
up €20,691 (+311.5%), from €6,642 to €27,333
- Profit (loss) carried forward +€18,197
up €18,197 (+98.0%), from -€18,566 to -€369
- Tax, wage and social debts +€3,513
up €3,513 (+544.6%), from €645 to €4,158
of which Taxes: +€2,346
- Gross operating margin +€10,750
up €10,750 (+30.8%), from €34,863 to €45,613
- Other operating charges +€9,314
up €9,314 (+156.9%), from €5,938 to €15,251
- Depreciation -€7,992
down €7,992 (-69.4%), from €11,516 to €3,524
- Staff costs -€3,195
down €3,195 (-37.5%), from €8,518 to €5,322
- Taxes +€2,956
new in 2024: €2,956
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 | €348,903 | €118,819 | -€230,084 | -65.9% |
| Fixed assets | 21/28 | €188,716 | €2,931 | -€185,785 | -98.4% |
| Tangible fixed assets | 22/27 | €188,656 | €2,871 | -€185,785 | -98.5% |
| Land and buildings | 22 | €182,261 | - | -€182,261 | |
| Furniture and vehicles | 24 | €6,395 | €2,871 | -€3,524 | -55.1% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €160,186 | €115,888 | -€44,299 | -27.7% |
| Amounts receivable within one year | 40/41 | €151,740 | €66,786 | -€84,954 | -56.0% |
| Trade receivables | 40 | €149,385 | €66,181 | -€83,204 | -55.7% |
| Other amounts receivable | 41 | €2,355 | €605 | -€1,750 | -74.3% |
| Cash at bank and in hand | 54/58 | €8,384 | €47,500 | +€39,116 | +466.5% |
| Deferred charges and accrued income | 490/1 | €62 | €1,601 | +€1,539 | +2483.9% |
| Total equity and liabilities | 10/49 | €348,903 | €118,819 | -€230,084 | -65.9% |
| Equity | 10/15 | €3,434 | €21,631 | +€18,197 | +529.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,566 | -€369 | +€18,197 | +98.0% |
| Amounts payable | 17/49 | €345,469 | €97,188 | -€248,281 | -71.9% |
| Amounts payable after more than one year | 17 | €327,275 | - | -€327,275 | |
| Financial debts | 170/4 | €327,275 | - | -€327,275 | |
| Amounts payable within one year | 42/48 | €18,194 | €97,188 | +€78,994 | +434.2% |
| Trade debts | 44 | €10,907 | €65,697 | +€54,790 | +502.3% |
| Suppliers | 440/4 | €10,907 | €65,697 | +€54,790 | +502.3% |
| Taxes, remuneration and social security | 45 | €645 | €4,158 | +€3,513 | +544.6% |
| Taxes | 450/3 | €610 | €2,956 | +€2,346 | +384.5% |
| Remuneration and social security | 454/9 | €35 | €1,202 | +€1,167 | +3346.7% |
| Other amounts payable | 47/48 | €6,642 | €27,333 | +€20,691 | +311.5% |
| Non-recurring operating income | 76A | - | €85,985 | +€85,985 | |
| Remuneration, social security and pensions | 62 | €8,518 | €5,322 | -€3,195 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,516 | €3,524 | -€7,992 | -69.4% |
| Other operating charges | 640/8 | €5,938 | €15,251 | +€9,314 | +156.9% |
| Gross operating margin | 9900 | €34,863 | €45,613 | +€10,750 | +30.8% |
| Operating profit (loss) | 9901 | €8,892 | €21,515 | +€12,623 | +142.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +250.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +250.0% |
| Financial charges | 65/66B | €123 | €362 | +€239 | +193.8% |
| Recurring financial charges | 65 | €123 | €362 | +€239 | +193.8% |
| Profit (loss) for the period before taxes | 9903 | €8,769 | €21,154 | +€12,385 | +141.2% |
| Income taxes | 67/77 | - | €2,956 | +€2,956 | |
| Profit (loss) for the period | 9904 | €8,769 | €18,197 | +€9,428 | +107.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,769 | €18,197 | +€9,428 | +107.5% |
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 1 October 2026 via checked.be.