MULTIPLE CHOICE: what changed
Two financial 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.
MULTIPLE CHOICE
Largest movements
- Receivables within one year -€28,438
down €28,438 (-12.0%), from €236,685 to €208,247
of which Other amounts receivable: -€103,007
- Cash -€21,030
down €21,030 (-69.2%), from €30,369 to €9,339
mainly Other debts (-€39,000) and Trade debts (-€38,720)
- Other debts -€39,000
no longer reported in 2024 (was €39,000)
- Trade debts -€38,720
down €38,720 (-87.2%), from €44,383 to €5,663
- Debts after one year +€13,465
up €13,465 (+15.1%), from €89,286 to €102,750
- Reserves +€7,544
up €7,544 (+3.9%), from €193,189 to €200,734
- Write-downs +€82,788
new in 2024: €82,788
- Financial charges -€35,426
down €35,426 (-87.4%), from €40,517 to €5,091
- Gross operating margin +€35,394
up €35,394 (+53.9%), from €65,655 to €101,049
- Other operating charges -€11,477
down €11,477 (-92.8%), from €12,372 to €895
- Depreciation -€1,606
down €1,606 (-46.7%), from €3,436 to €1,830
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 | €427,445 | €373,394 | -€54,051 | -12.6% |
| Fixed assets | 21/28 | €5,899 | €4,070 | -€1,830 | -31.0% |
| Tangible fixed assets | 22/27 | €5,649 | €3,820 | -€1,830 | -32.4% |
| Furniture and vehicles | 24 | €5,649 | €3,820 | -€1,830 | -32.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €421,546 | €369,324 | -€52,222 | -12.4% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €236,685 | €208,247 | -€28,438 | -12.0% |
| Trade receivables | 40 | €26,699 | €101,268 | +€74,569 | +279.3% |
| Other amounts receivable | 41 | €209,986 | €106,979 | -€103,007 | -49.1% |
| Cash at bank and in hand | 54/58 | €30,369 | €9,339 | -€21,030 | -69.2% |
| Deferred charges and accrued income | 490/1 | €4,492 | €1,738 | -€2,754 | -61.3% |
| Total equity and liabilities | 10/49 | €427,445 | €373,394 | -€54,051 | -12.6% |
| Equity | 10/15 | €211,781 | €219,326 | +€7,544 | +3.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €193,189 | €200,734 | +€7,544 | +3.9% |
| Distributable reserves | 133 | €193,189 | €200,734 | +€7,544 | +3.9% |
| Amounts payable | 17/49 | €215,664 | €154,068 | -€61,596 | -28.6% |
| Amounts payable after more than one year | 17 | €89,286 | €102,750 | +€13,465 | +15.1% |
| Financial debts | 170/4 | €89,286 | €102,750 | +€13,465 | +15.1% |
| Amounts payable within one year | 42/48 | €126,378 | €51,318 | -€75,061 | -59.4% |
| Current portion of amounts payable after more than one year | 42 | €30,354 | €33,672 | +€3,318 | +10.9% |
| Trade debts | 44 | €44,383 | €5,663 | -€38,720 | -87.2% |
| Suppliers | 440/4 | €44,383 | €5,663 | -€38,720 | -87.2% |
| Taxes, remuneration and social security | 45 | €12,641 | €11,983 | -€659 | -5.2% |
| Taxes | 450/3 | €12,641 | €11,983 | -€659 | -5.2% |
| Other amounts payable | 47/48 | €39,000 | - | -€39,000 | |
| Non-recurring operating income | 76A | €4,401 | - | -€4,401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,436 | €1,830 | -€1,606 | -46.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €82,788 | +€82,788 | |
| Other operating charges | 640/8 | €12,372 | €895 | -€11,477 | -92.8% |
| Gross operating margin | 9900 | €65,655 | €101,049 | +€35,394 | +53.9% |
| Operating profit (loss) | 9901 | €49,847 | €15,536 | -€34,311 | -68.8% |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €40,517 | €5,091 | -€35,426 | -87.4% |
| Recurring financial charges | 65 | €40,517 | €5,091 | -€35,426 | -87.4% |
| Profit (loss) for the period before taxes | 9903 | €9,352 | €10,445 | +€1,093 | +11.7% |
| Income taxes | 67/77 | €3,566 | €2,900 | -€665 | -18.7% |
| Profit (loss) for the period | 9904 | €5,787 | €7,544 | +€1,758 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,787 | €7,544 | +€1,758 | +30.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.