PAUL ROSEWICK: 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.
PAUL ROSEWICK
Largest movements
- Cash -€19,260
down €19,260 (-95.1%), from €20,254 to €994
mainly Net result for the year (-€17,511) and Investment in fixed assets (net) (-€9,193)
- Tangible fixed assets +€7,757
up €7,757 (+704%), from €1,102 to €8,859
of which Furniture and vehicles: +€7,919
- Receivables within one year -€4,012
down €4,012 (-66.5%), from €6,033 to €2,021
of which Trade receivables: -€3,466
- Profit (loss) carried forward -€17,511
down €17,511 (-1,070%), from -€1,637 to -€19,148
- Other debts +€5,259
up €5,259 (+570%), from €923 to €6,182
- Tax, wage and social debts -€2,940
down €2,940 (-86.9%), from €3,385 to €445
- Trade debts -€309
down €309 (-21.3%), from €1,450 to €1,141
- Gross operating margin -€9,508
down €9,508 (-190%), from -€4,995 to -€14,503
- Depreciation +€1,275
up €1,275 (+792%), from €161 to €1,436
- Other operating charges +€897
up €897 (+272%), from €330 to €1,227
- Financial charges -€330
down €330 (-69.3%), from €476 to €146
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 | €27,682 | €11,966 | -€15,716 | -56.8% |
| Fixed assets | 21/28 | €1,194 | €8,951 | +€7,757 | +650% |
| Tangible fixed assets | 22/27 | €1,102 | €8,859 | +€7,757 | +704% |
| Furniture and vehicles | 24 | - | €7,919 | +€7,919 | |
| Other tangible fixed assets | 26 | €1,102 | €940 | -€162 | -14.7% |
| Financial fixed assets | 28 | €92 | €92 | = | 0.0% |
| Current assets | 29/58 | €26,488 | €3,015 | -€23,473 | -88.6% |
| Amounts receivable within one year | 40/41 | €6,033 | €2,021 | -€4,012 | -66.5% |
| Trade receivables | 40 | €4,786 | €1,320 | -€3,466 | -72.4% |
| Other amounts receivable | 41 | €1,247 | €701 | -€546 | -43.8% |
| Cash at bank and in hand | 54/58 | €20,254 | €994 | -€19,260 | -95.1% |
| Deferred charges and accrued income | 490/1 | €201 | - | -€201 | |
| Total equity and liabilities | 10/49 | €27,682 | €11,966 | -€15,716 | -56.8% |
| Equity | 10/15 | €21,709 | €4,198 | -€17,511 | -80.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,746 | €4,746 | = | 0.0% |
| Distributable reserves | 133 | €4,746 | €4,746 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,637 | -€19,148 | -€17,511 | -1,070% |
| Amounts payable | 17/49 | €5,973 | €7,768 | +€1,795 | +30.1% |
| Amounts payable within one year | 42/48 | €5,758 | €7,768 | +€2,010 | +34.9% |
| Trade debts | 44 | €1,450 | €1,141 | -€309 | -21.3% |
| Suppliers | 440/4 | €1,450 | €1,141 | -€309 | -21.3% |
| Taxes, remuneration and social security | 45 | €3,385 | €445 | -€2,940 | -86.9% |
| Taxes | 450/3 | €3,385 | €445 | -€2,940 | -86.9% |
| Other amounts payable | 47/48 | €923 | €6,182 | +€5,259 | +570% |
| Accrued charges and deferred income | 492/3 | €215 | - | -€215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161 | €1,436 | +€1,275 | +792% |
| Other operating charges | 640/8 | €330 | €1,227 | +€897 | +272% |
| Gross operating margin | 9900 | -€4,995 | -€14,503 | -€9,508 | -190% |
| Operating profit (loss) | 9901 | -€5,486 | -€17,166 | -€11,680 | -213% |
| Financial income | 75/76B | €4 | €19 | +€15 | +375% |
| Recurring financial income | 75 | €4 | €19 | +€15 | +375% |
| Financial charges | 65/66B | €476 | €146 | -€330 | -69.3% |
| Recurring financial charges | 65 | €476 | €146 | -€330 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,958 | -€17,293 | -€11,335 | -190% |
| Income taxes | 67/77 | €172 | €218 | +€46 | +26.7% |
| Profit (loss) for the period | 9904 | -€6,130 | -€17,511 | -€11,381 | -186% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,130 | -€17,511 | -€11,381 | -186% |
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.