MY CONCEPT: 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.
MY CONCEPT
Largest movements
- Tangible fixed assets -€527,273
down €527,273 (-33.7%), from €1.6m to €1.0m
of which Land and buildings: -€437,870
- Cash +€58,132
up €58,132 (+304,355%), from €19 to €58,151
mainly Investment in fixed assets (net) (+€486,688) and Stocks and contracts (+€52,000)
- Stocks and contracts -€52,000
down €52,000 (-46.0%), from €113,000 to €61,000
- Debts after one year -€485,412
down €485,412 (-24.0%), from €2.0m to €1.5m
of which Financial debts: -€478,412
- Profit (loss) carried forward +€49,852
up €49,852 (+8.1%), from -€616,637 to -€566,785
- Other debts -€40,586
down €40,586 (-24.5%), from €165,462 to €124,876
- Current portion of long-term debt -€39,299
down €39,299 (-64.8%), from €60,666 to €21,367
- Gross operating margin +€239,065
up €239,065, from -€86,706 to €152,359
- Other operating charges -€83,156
down €83,156 (-86.9%), from €95,674 to €12,518
- Depreciation -€34,684
down €34,684 (-46.1%), from €75,269 to €40,585
- Staff costs -€27,174
no longer reported in 2024 (was €27,174)
- Financial charges -€9,724
down €9,724 (-17.0%), from €57,073 to €47,349
of which Financial charges: -€9,724
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.
Derived cash bridge
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 | €1,700,415 | €1,166,532 | -€533,883 | -31.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,566,303 | €1,039,030 | -€527,273 | -33.7% |
| Tangible fixed assets | 22/27 | €1,566,303 | €1,039,030 | -€527,273 | -33.7% |
| Land and buildings | 22 | €1,228,419 | €790,550 | -€437,870 | -35.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €10,936 | - | -€10,936 | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €326,947 | €248,480 | -€78,467 | -24.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €134,113 | €127,503 | -€6,610 | -4.9% |
| Stocks and contracts in progress | 3 | €113,000 | €61,000 | -€52,000 | -46.0% |
| Stocks | 30/36 | €113,000 | €61,000 | -€52,000 | -46.0% |
| Amounts receivable within one year | 40/41 | €21,031 | €8,352 | -€12,680 | -60.3% |
| Trade receivables | 40 | €14,519 | €2,750 | -€11,769 | -81.1% |
| Other amounts receivable | 41 | €6,512 | €5,602 | -€910 | -14.0% |
| Cash at bank and in hand | 54/58 | €19 | €58,151 | +€58,132 | +304,355% |
| Deferred charges and accrued income | 490/1 | €62 | - | -€62 | |
| Total equity and liabilities | 10/49 | €1,700,415 | €1,166,532 | -€533,883 | -31.4% |
| Equity | 10/15 | -€602,687 | -€548,185 | +€54,502 | +9.0% |
| Contributions | 10/11 | €13,950 | €18,600 | +€4,650 | +33.3% |
| Profit (loss) carried forward | 14 | -€616,637 | -€566,785 | +€49,852 | +8.1% |
| Amounts payable | 17/49 | €2,303,102 | €1,714,717 | -€588,385 | -25.5% |
| Amounts payable after more than one year | 17 | €2,021,599 | €1,536,187 | -€485,412 | -24.0% |
| Financial debts | 170/4 | €1,070,310 | €591,898 | -€478,412 | -44.7% |
| Other amounts payable | 178/9 | €951,289 | €944,289 | -€7,000 | -0.7% |
| Amounts payable within one year | 42/48 | €281,503 | €178,529 | -€102,974 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €60,666 | €21,367 | -€39,299 | -64.8% |
| Financial debts | 43 | €10,002 | - | -€10,002 | |
| Credit institutions | 430/8 | €10,002 | - | -€10,002 | |
| Trade debts | 44 | €27,613 | €17,416 | -€10,197 | -36.9% |
| Suppliers | 440/4 | €27,613 | €17,416 | -€10,197 | -36.9% |
| Taxes, remuneration and social security | 45 | €17,760 | €14,870 | -€2,890 | -16.3% |
| Taxes | 450/3 | €17,760 | €14,870 | -€2,890 | -16.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €165,462 | €124,876 | -€40,586 | -24.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €27,174 | - | -€27,174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,269 | €40,585 | -€34,684 | -46.1% |
| Other operating charges | 640/8 | €95,674 | €12,518 | -€83,156 | -86.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€86,706 | €152,359 | +€239,065 | |
| Operating profit (loss) | 9901 | -€284,823 | €99,256 | +€384,079 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €57,073 | €47,349 | -€9,724 | -17.0% |
| Recurring financial charges | 65 | €57,073 | €47,349 | -€9,724 | -17.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€341,896 | €51,907 | +€393,803 | |
| Income taxes | 67/77 | €5,568 | €2,055 | -€3,513 | -63.1% |
| Profit (loss) for the period | 9904 | -€347,464 | €49,852 | +€397,316 | |
| Profit (loss) for the period to be appropriated | 9905 | -€347,464 | €49,852 | +€397,316 |
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 13 October 2026 via checked.be.