P A 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.
P A CONCEPT
Largest movements
- Receivables within one year -€563,470
down €563,470 (-62.8%), from €897,768 to €334,298
of which Trade receivables: -€641,609
- Cash +€17,552
up €17,552 (+554%), from €3,169 to €20,721
mainly Receivables within one year (+€563,470) and Net result for the year (+€51,827)
- Trade debts -€635,720
down €635,720 (-85.1%), from €747,372 to €111,652
- Profit (loss) carried forward +€51,827
up €51,827 (+49.4%), from €104,993 to €156,820
- Tax, wage and social debts +€35,692
up €35,692 (+107%), from €33,485 to €69,177
- Financial income +€11,655
up €11,655 (+316%), from €3,688 to €15,343
- Taxes +€11,059
up €11,059 (+58.0%), from €19,069 to €30,128
- Gross operating margin +€3,981
up €3,981 (+5.9%), from €67,180 to €71,161
- Financial charges +€2,687
up €2,687 (+144%), from €1,862 to €4,549
of which Financial charges: +€1,907
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 | €900,937 | €355,020 | -€545,918 | -60.6% |
| Current assets | 29/58 | €900,937 | €355,020 | -€545,918 | -60.6% |
| Amounts receivable within one year | 40/41 | €897,768 | €334,298 | -€563,470 | -62.8% |
| Trade receivables | 40 | €767,070 | €125,461 | -€641,609 | -83.6% |
| Other amounts receivable | 41 | €130,698 | €208,837 | +€78,139 | +59.8% |
| Cash at bank and in hand | 54/58 | €3,169 | €20,721 | +€17,552 | +554% |
| Total equity and liabilities | 10/49 | €900,937 | €355,020 | -€545,918 | -60.6% |
| Equity | 10/15 | €109,993 | €161,820 | +€51,827 | +47.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,993 | €156,820 | +€51,827 | +49.4% |
| Amounts payable | 17/49 | €790,944 | €193,199 | -€597,745 | -75.6% |
| Amounts payable within one year | 42/48 | €790,944 | €193,199 | -€597,745 | -75.6% |
| Financial debts | 43 | €10,086 | €12,370 | +€2,283 | +22.6% |
| Credit institutions | 430/8 | €10,086 | €12,370 | +€2,283 | +22.6% |
| Trade debts | 44 | €747,372 | €111,652 | -€635,720 | -85.1% |
| Suppliers | 440/4 | €747,372 | €111,652 | -€635,720 | -85.1% |
| Taxes, remuneration and social security | 45 | €33,485 | €69,177 | +€35,692 | +107% |
| Taxes | 450/3 | €33,485 | €69,177 | +€35,692 | +107% |
| Gross operating margin | 9900 | €67,180 | €71,161 | +€3,981 | +5.9% |
| Operating profit (loss) | 9901 | €67,180 | €71,161 | +€3,981 | +5.9% |
| Financial income | 75/76B | €3,688 | €15,343 | +€11,655 | +316% |
| Recurring financial income | 75 | €3,688 | €15,343 | +€11,655 | +316% |
| Financial charges | 65/66B | €1,862 | €4,549 | +€2,687 | +144% |
| Recurring financial charges | 65 | €1,462 | €3,369 | +€1,907 | +130% |
| Non-recurring financial charges | 66B | €400 | €1,180 | +€780 | +195% |
| Profit (loss) for the period before taxes | 9903 | €69,005 | €81,955 | +€12,950 | +18.8% |
| Income taxes | 67/77 | €19,069 | €30,128 | +€11,059 | +58.0% |
| Profit (loss) for the period | 9904 | €49,936 | €51,827 | +€1,891 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,936 | €51,827 | +€1,891 | +3.8% |
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 17 October 2026 via checked.be.