PAGES: 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.
PAGES
Largest movements
- Cash -€3,962
down €3,962 (-87.8%), from €4,513 to €551
mainly Net result for the year (-€3,721) and Investment in fixed assets (net) (-€3,075)
- Tangible fixed assets +€2,479
up €2,479 (+72.5%), from €3,420 to €5,899
of which Plant, machinery and equipment: +€2,986
- Receivables within one year +€1,236
up €1,236 (+110.4%), from €1,120 to €2,356
- Deferred charges and accrued income -€1,187
down €1,187 (-87.5%), from €1,357 to €170
- Stocks and contracts +€391
up €391 (+2.9%), from €13,555 to €13,947
- Profit (loss) carried forward -€3,721
down €3,721 (-166.7%), from -€2,232 to -€5,953
- Tax, wage and social debts +€1,942
up €1,942 (+26.2%), from €7,410 to €9,353
of which Remuneration and social security: +€2,803
- Trade debts +€621
up €621 (+34.5%), from €1,802 to €2,423
- Gross operating margin -€12,720
down €12,720 (-97.2%), from €13,081 to €361
- Other operating charges +€2,260
up €2,260 (+1170.8%), from €193 to €2,453
- Financial charges -€1,032
down €1,032 (-40.6%), from €2,540 to €1,508
- Write-downs +€796
no longer reported in 2024 (was -€796)
- Financial income +€470
up €470 (+9272.8%), from €5 to €475
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 | €24,367 | €23,325 | -€1,042 | -4.3% |
| Fixed assets | 21/28 | €3,822 | €6,301 | +€2,479 | +64.9% |
| Tangible fixed assets | 22/27 | €3,420 | €5,899 | +€2,479 | +72.5% |
| Plant, machinery and equipment | 23 | - | €2,986 | +€2,986 | |
| Other tangible fixed assets | 26 | €3,420 | €2,913 | -€507 | -14.8% |
| Financial fixed assets | 28 | €402 | €402 | = | 0.0% |
| Current assets | 29/58 | €20,545 | €17,024 | -€3,521 | -17.1% |
| Stocks and contracts in progress | 3 | €13,555 | €13,947 | +€391 | +2.9% |
| Stocks | 30/36 | €13,555 | €13,947 | +€391 | +2.9% |
| Amounts receivable within one year | 40/41 | €1,120 | €2,356 | +€1,236 | +110.4% |
| Trade receivables | 40 | €1,120 | €2,356 | +€1,236 | +110.4% |
| Cash at bank and in hand | 54/58 | €4,513 | €551 | -€3,962 | -87.8% |
| Deferred charges and accrued income | 490/1 | €1,357 | €170 | -€1,187 | -87.5% |
| Total equity and liabilities | 10/49 | €24,367 | €23,325 | -€1,042 | -4.3% |
| Equity | 10/15 | €7,768 | €4,047 | -€3,721 | -47.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,232 | -€5,953 | -€3,721 | -166.7% |
| Amounts payable | 17/49 | €16,599 | €19,278 | +€2,679 | +16.1% |
| Amounts payable within one year | 42/48 | €16,551 | €19,278 | +€2,726 | +16.5% |
| Trade debts | 44 | €1,802 | €2,423 | +€621 | +34.5% |
| Suppliers | 440/4 | €1,802 | €2,423 | +€621 | +34.5% |
| Taxes, remuneration and social security | 45 | €7,410 | €9,353 | +€1,942 | +26.2% |
| Taxes | 450/3 | €7,410 | €6,550 | -€860 | -11.6% |
| Remuneration and social security | 454/9 | - | €2,803 | +€2,803 | |
| Other amounts payable | 47/48 | €7,339 | €7,502 | +€163 | +2.2% |
| Accrued charges and deferred income | 492/3 | €48 | - | -€48 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €507 | €596 | +€89 | +17.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€796 | - | +€796 | |
| Other operating charges | 640/8 | €193 | €2,453 | +€2,260 | +1170.8% |
| Gross operating margin | 9900 | €13,081 | €361 | -€12,720 | -97.2% |
| Operating profit (loss) | 9901 | €13,177 | -€2,688 | -€15,865 | |
| Financial income | 75/76B | €5 | €475 | +€470 | +9272.8% |
| Recurring financial income | 75 | €5 | €475 | +€470 | +9272.8% |
| Financial charges | 65/66B | €2,540 | €1,508 | -€1,032 | -40.6% |
| Recurring financial charges | 65 | €2,540 | €1,508 | -€1,032 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €10,642 | -€3,721 | -€14,362 | |
| Profit (loss) for the period | 9904 | €10,642 | -€3,721 | -€14,362 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,642 | -€3,721 | -€14,362 |
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 7 October 2026 via checked.be.