Performance for Assets: 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.
Performance for Assets
Largest movements
- Intangible fixed assets -€54,600
down €54,600 (-53.0%), from €103,062 to €48,462
- Receivables within one year -€52,892
down €52,892 (-53.8%), from €98,332 to €45,440
of which Trade receivables: -€48,538
- Cash -€50,379
down €50,379 (-98.9%), from €50,920 to €541
mainly Net result for the year (-€241,616) and Stocks and contracts (-€4,723)
- Deferred charges and accrued income -€5,883
no longer reported in 2024 (was €5,883)
- Stocks and contracts +€4,723
up €4,723 (+150.4%), from €3,140 to €7,863
- Profit (loss) carried forward -€241,616
down €241,616 (-23.6%), from -€1.0m to -€1.3m
- Trade debts +€77,179
up €77,179 (+13.6%), from €567,098 to €644,277
- Advances received +€5,038
up €5,038 (+98.1%), from €5,135 to €10,173
- Turnover -€30,293
down €30,293 (-23.7%), from €127,771 to €97,478
- Goods and materials -€21,889
down €21,889 (-19.3%), from €113,618 to €91,729
- Depreciation +€11,906
up €11,906 (+27.9%), from €42,694 to €54,600
- Staff costs +€11,833
up €11,833 (+10.2%), from €115,875 to €127,708
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 | €261,337 | €102,306 | -€159,031 | -60.9% |
| Fixed assets | 21/28 | €103,062 | €48,462 | -€54,600 | -53.0% |
| Intangible fixed assets | 21 | €103,062 | €48,462 | -€54,600 | -53.0% |
| Current assets | 29/58 | €158,275 | €53,844 | -€104,431 | -66.0% |
| Stocks and contracts in progress | 3 | €3,140 | €7,863 | +€4,723 | +150.4% |
| Contracts in progress | 37 | €3,140 | €7,863 | +€4,723 | +150.4% |
| Amounts receivable within one year | 40/41 | €98,332 | €45,440 | -€52,892 | -53.8% |
| Trade receivables | 40 | €87,412 | €38,874 | -€48,538 | -55.5% |
| Other amounts receivable | 41 | €10,919 | €6,566 | -€4,353 | -39.9% |
| Cash at bank and in hand | 54/58 | €50,920 | €541 | -€50,379 | -98.9% |
| Deferred charges and accrued income | 490/1 | €5,883 | - | -€5,883 | |
| Total equity and liabilities | 10/49 | €261,337 | €102,306 | -€159,031 | -60.9% |
| Equity | 10/15 | -€324,572 | -€566,188 | -€241,616 | -74.4% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Issued capital | 100 | €700,000 | €700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,024,572 | -€1,266,188 | -€241,616 | -23.6% |
| Amounts payable | 17/49 | €585,909 | €668,494 | +€82,585 | +14.1% |
| Amounts payable within one year | 42/48 | €585,909 | €668,494 | +€82,585 | +14.1% |
| Trade debts | 44 | €567,098 | €644,277 | +€77,179 | +13.6% |
| Suppliers | 440/4 | €567,098 | €644,277 | +€77,179 | +13.6% |
| Advances received on contracts in progress | 46 | €5,135 | €10,173 | +€5,038 | +98.1% |
| Taxes, remuneration and social security | 45 | €13,676 | €14,044 | +€368 | +2.7% |
| Remuneration and social security | 454/9 | €13,676 | €14,044 | +€368 | +2.7% |
| Operating income | 70/76A | €131,825 | €104,308 | -€27,517 | -20.9% |
| Turnover | 70 | €127,771 | €97,478 | -€30,293 | -23.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,856 | €4,723 | +€2,867 | +154.5% |
| Other operating income | 74 | €2,199 | €2,107 | -€92 | -4.2% |
| Operating charges | 60/66A | €343,860 | €345,021 | +€1,161 | +0.3% |
| Goods for resale, raw materials and consumables | 60 | €113,618 | €91,729 | -€21,889 | -19.3% |
| Purchases | 600/8 | €113,618 | €91,729 | -€21,889 | -19.3% |
| Services and other goods | 61 | €70,589 | €69,934 | -€655 | -0.9% |
| Remuneration, social security and pensions | 62 | €115,875 | €127,708 | +€11,833 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,694 | €54,600 | +€11,906 | +27.9% |
| Other operating charges | 640/8 | €1,084 | €1,050 | -€34 | -3.1% |
| Operating profit (loss) | 9901 | -€212,035 | -€240,713 | -€28,678 | -13.5% |
| Financial charges | 65/66B | €882 | €903 | +€21 | +2.3% |
| Recurring financial charges | 65 | €882 | €903 | +€21 | +2.3% |
| Debt charges | 650 | €633 | €650 | +€17 | +2.7% |
| Other financial charges | 652/9 | €249 | €253 | +€4 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€212,917 | -€241,616 | -€28,699 | -13.5% |
| Income taxes | 67/77 | €12 | - | -€12 | |
| Taxes | 670/3 | €12 | - | -€12 | |
| Profit (loss) for the period | 9904 | -€212,929 | -€241,616 | -€28,687 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€212,929 | -€241,616 | -€28,687 | -13.5% |
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 11 October 2026 via checked.be.