ONE PHANTOM: 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.
ONE PHANTOM
Largest movements
- Tangible fixed assets -€16,411
down €16,411 (-50.1%), from €32,781 to €16,370
- Cash -€4,704
down €4,704 (-50.2%), from €9,364 to €4,660
mainly Net result for the year (-€17,279) and Debts after one year (-€4,402)
- Receivables within one year +€1,676
up €1,676 (+132.1%), from €1,268 to €2,945
of which Other amounts receivable: +€1,676
- Deferred charges and accrued income +€540
new in 2024: €540
- Profit (loss) carried forward -€17,279
down €17,279, from €9,629 to -€7,650
- Debts after one year -€4,402
down €4,402 (-29.1%), from €15,138 to €10,735
- Trade debts +€1,996
up €1,996 (+165.6%), from €1,205 to €3,202
- Other debts +€1,008
up €1,008 (+15.2%), from €6,617 to €7,625
- Tax, wage and social debts -€681
down €681 (-17.5%), from €3,880 to €3,200
- Gross operating margin -€23,667
down €23,667 (-96.6%), from €24,510 to €843
- Depreciation +€15,963
up €15,963 (+3562.3%), from €448 to €16,411
- Write-downs -€6,000
no longer reported in 2024 (was €6,000)
- Taxes -€2,500
down €2,500 (-97.1%), from €2,574 to €74
- Financial charges +€788
up €788 (+170.8%), from €462 to €1,250
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 | €43,414 | €24,515 | -€18,899 | -43.5% |
| Fixed assets | 21/28 | €32,781 | €16,370 | -€16,411 | -50.1% |
| Tangible fixed assets | 22/27 | €32,781 | €16,370 | -€16,411 | -50.1% |
| Furniture and vehicles | 24 | €32,781 | €16,370 | -€16,411 | -50.1% |
| Current assets | 29/58 | €10,633 | €8,145 | -€2,488 | -23.4% |
| Amounts receivable within one year | 40/41 | €1,268 | €2,945 | +€1,676 | +132.1% |
| Trade receivables | 40 | €1,260 | €1,260 | = | 0.0% |
| Other amounts receivable | 41 | €8 | €1,685 | +€1,676 | +19836.9% |
| Cash at bank and in hand | 54/58 | €9,364 | €4,660 | -€4,704 | -50.2% |
| Deferred charges and accrued income | 490/1 | - | €540 | +€540 | |
| Total equity and liabilities | 10/49 | €43,414 | €24,515 | -€18,899 | -43.5% |
| Equity | 10/15 | €12,629 | -€4,650 | -€17,279 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,629 | -€7,650 | -€17,279 | |
| Amounts payable | 17/49 | €30,784 | €29,165 | -€1,619 | -5.3% |
| Amounts payable after more than one year | 17 | €15,138 | €10,735 | -€4,402 | -29.1% |
| Financial debts | 170/4 | €15,138 | €10,735 | -€4,402 | -29.1% |
| Amounts payable within one year | 42/48 | €15,647 | €18,430 | +€2,783 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €3,944 | €4,402 | +€459 | +11.6% |
| Trade debts | 44 | €1,205 | €3,202 | +€1,996 | +165.6% |
| Suppliers | 440/4 | €1,205 | €3,202 | +€1,996 | +165.6% |
| Taxes, remuneration and social security | 45 | €3,880 | €3,200 | -€681 | -17.5% |
| Taxes | 450/3 | €3,880 | €3,200 | -€681 | -17.5% |
| Other amounts payable | 47/48 | €6,617 | €7,625 | +€1,008 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €448 | €16,411 | +€15,963 | +3562.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,000 | - | -€6,000 | |
| Other operating charges | 640/8 | €575 | €387 | -€187 | -32.6% |
| Gross operating margin | 9900 | €24,510 | €843 | -€23,667 | -96.6% |
| Operating profit (loss) | 9901 | €17,488 | -€15,955 | -€33,443 | |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €462 | €1,250 | +€788 | +170.8% |
| Recurring financial charges | 65 | €462 | €1,250 | +€788 | +170.8% |
| Profit (loss) for the period before taxes | 9903 | €17,032 | -€17,205 | -€34,237 | |
| Income taxes | 67/77 | €2,574 | €74 | -€2,500 | -97.1% |
| Profit (loss) for the period | 9904 | €14,458 | -€17,279 | -€31,737 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,458 | -€17,279 | -€31,737 |
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 3 October 2026 via checked.be.