Origins explained: 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.
Origins explained
Largest movements
- Cash -€241,814
down €241,814 (-55.8%), from €433,548 to €191,734
mainly Other debts (-€125,963) and Tax, wage and social debts (-€84,775)
- Receivables after one year -€10,000
no longer reported in 2024 (was €10,000)
- Receivables within one year -€5,768
down €5,768 (-6.3%), from €91,937 to €86,169
of which Trade receivables: -€16,408
- Other debts -€125,963
down €125,963 (-43.1%), from €292,501 to €166,538
- Tax, wage and social debts -€84,775
down €84,775 (-96.8%), from €87,597 to €2,822
- Trade debts -€21,859
down €21,859 (-39.7%), from €54,994 to €33,136
- Profit (loss) carried forward -€16,204
down €16,204 (-18.2%), from €88,986 to €72,782
- Current portion of long-term debt -€7,618
down €7,618 (-75.0%), from €10,156 to €2,538
- Gross operating margin -€43,725
down €43,725, from €28,798 to -€14,927
- Taxes -€7,426
no longer reported in 2024 (was €7,426)
- Other operating charges +€838
up €838 (+694.8%), from €121 to €959
- Financial income +€555
up €555 (+111.0%), from €500 to €1,055
- Depreciation +€346
new in 2024: €346
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 | €535,484 | €279,065 | -€256,420 | -47.9% |
| Fixed assets | 21/28 | - | €1,162 | +€1,162 | |
| Tangible fixed assets | 22/27 | - | €1,162 | +€1,162 | |
| Plant, machinery and equipment | 23 | - | €1,162 | +€1,162 | |
| Current assets | 29/58 | €535,484 | €277,903 | -€257,581 | -48.1% |
| Amounts receivable after more than one year | 29 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 291 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €91,937 | €86,169 | -€5,768 | -6.3% |
| Trade receivables | 40 | €56,482 | €40,074 | -€16,408 | -29.1% |
| Other amounts receivable | 41 | €35,454 | €46,095 | +€10,640 | +30.0% |
| Cash at bank and in hand | 54/58 | €433,548 | €191,734 | -€241,814 | -55.8% |
| Total equity and liabilities | 10/49 | €535,484 | €279,065 | -€256,420 | -47.9% |
| Equity | 10/15 | €89,486 | €73,282 | -€16,204 | -18.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,986 | €72,782 | -€16,204 | -18.2% |
| Amounts payable | 17/49 | €445,998 | €205,783 | -€240,215 | -53.9% |
| Amounts payable within one year | 42/48 | €445,248 | €205,033 | -€240,215 | -54.0% |
| Current portion of amounts payable after more than one year | 42 | €10,156 | €2,538 | -€7,618 | -75.0% |
| Trade debts | 44 | €54,994 | €33,136 | -€21,859 | -39.7% |
| Suppliers | 440/4 | €54,994 | €33,136 | -€21,859 | -39.7% |
| Taxes, remuneration and social security | 45 | €87,597 | €2,822 | -€84,775 | -96.8% |
| Taxes | 450/3 | €87,597 | €2,822 | -€84,775 | -96.8% |
| Other amounts payable | 47/48 | €292,501 | €166,538 | -€125,963 | -43.1% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €346 | +€346 | |
| Other operating charges | 640/8 | €121 | €959 | +€838 | +694.8% |
| Gross operating margin | 9900 | €28,798 | -€14,927 | -€43,725 | |
| Operating profit (loss) | 9901 | €28,677 | -€16,232 | -€44,909 | |
| Financial income | 75/76B | €500 | €1,055 | +€555 | +111.0% |
| Recurring financial income | 75 | €500 | €1,055 | +€555 | +111.0% |
| Financial charges | 65/66B | €1,054 | €1,027 | -€27 | -2.6% |
| Recurring financial charges | 65 | €1,054 | €1,027 | -€27 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €28,123 | -€16,204 | -€44,327 | |
| Income taxes | 67/77 | €7,426 | - | -€7,426 | |
| Profit (loss) for the period | 9904 | €20,696 | -€16,204 | -€36,901 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,696 | -€16,204 | -€36,901 |
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 12 October 2026 via checked.be.