PUZZLE ACTIVITIES: 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.
PUZZLE ACTIVITIES
Largest movements
- Financial fixed assets -€30,000
down €30,000 (-94.6%), from €31,698 to €1,698
- Tangible fixed assets -€15,330
down €15,330 (-22.0%), from €69,704 to €54,374
of which Plant, machinery and equipment: -€13,332
- Receivables within one year +€13,736
up €13,736 (+40.7%), from €33,764 to €47,500
of which Other amounts receivable: +€18,221
- Deferred charges and accrued income +€3,391
up €3,391 (+224%), from €1,514 to €4,905
- Cash +€2,301
up €2,301 (+28.6%), from €8,037 to €10,338
mainly Accrued charges and deferred income (+€41,580) and Depreciation (+€32,611)
- Accrued charges and deferred income +€41,580
up €41,580 (+213%), from €19,548 to €61,128
- Debts after one year -€30,462
down €30,462 (-23.4%), from €130,140 to €99,678
- Tax, wage and social debts -€24,860
down €24,860 (-89.6%), from €27,751 to €2,891
of which Remuneration and social security: -€22,680
- Profit (loss) carried forward +€23,007
up €23,007 (+12.6%), from -€182,899 to -€159,892
- Trade debts -€20,582
down €20,582 (-26.9%), from €76,597 to €56,015
- Staff costs -€206,305
down €206,305 (-79.3%), from €260,074 to €53,769
- Gross operating margin -€85,471
down €85,471 (-41.9%), from €204,118 to €118,647
- Depreciation -€25,384
down €25,384 (-43.8%), from €57,995 to €32,611
- Other operating charges -€8,008
down €8,008 (-76.6%), from €10,456 to €2,448
- Financial income -€3,190
down €3,190 (-84.5%), from €3,775 to €585
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 | €151,560 | €124,658 | -€26,902 | -17.8% |
| Fixed assets | 21/28 | €108,245 | €61,915 | -€46,330 | -42.8% |
| Intangible fixed assets | 21 | €6,843 | €5,843 | -€1,000 | -14.6% |
| Tangible fixed assets | 22/27 | €69,704 | €54,374 | -€15,330 | -22.0% |
| Plant, machinery and equipment | 23 | €26,668 | €13,336 | -€13,332 | -50.0% |
| Furniture and vehicles | 24 | €9,501 | €5,501 | -€4,000 | -42.1% |
| Other tangible fixed assets | 26 | €33,535 | €35,537 | +€2,002 | +6.0% |
| Financial fixed assets | 28 | €31,698 | €1,698 | -€30,000 | -94.6% |
| Current assets | 29/58 | €43,315 | €62,743 | +€19,428 | +44.9% |
| Amounts receivable within one year | 40/41 | €33,764 | €47,500 | +€13,736 | +40.7% |
| Trade receivables | 40 | €5,740 | €1,255 | -€4,485 | -78.1% |
| Other amounts receivable | 41 | €28,024 | €46,245 | +€18,221 | +65.0% |
| Cash at bank and in hand | 54/58 | €8,037 | €10,338 | +€2,301 | +28.6% |
| Deferred charges and accrued income | 490/1 | €1,514 | €4,905 | +€3,391 | +224% |
| Total equity and liabilities | 10/49 | €151,560 | €124,658 | -€26,902 | -17.8% |
| Equity | 10/15 | -€174,844 | -€151,837 | +€23,007 | +13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,899 | -€159,892 | +€23,007 | +12.6% |
| Amounts payable | 17/49 | €326,404 | €276,495 | -€49,909 | -15.3% |
| Amounts payable after more than one year | 17 | €130,140 | €99,678 | -€30,462 | -23.4% |
| Financial debts | 170/4 | €130,140 | €99,678 | -€30,462 | -23.4% |
| Amounts payable within one year | 42/48 | €176,716 | €115,689 | -€61,027 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €61,499 | €49,193 | -€12,306 | -20.0% |
| Trade debts | 44 | €76,597 | €56,015 | -€20,582 | -26.9% |
| Suppliers | 440/4 | €76,597 | €56,015 | -€20,582 | -26.9% |
| Advances received on contracts in progress | 46 | €10,869 | €7,590 | -€3,279 | -30.2% |
| Taxes, remuneration and social security | 45 | €27,751 | €2,891 | -€24,860 | -89.6% |
| Taxes | 450/3 | €2,844 | €664 | -€2,180 | -76.7% |
| Remuneration and social security | 454/9 | €24,907 | €2,227 | -€22,680 | -91.1% |
| Accrued charges and deferred income | 492/3 | €19,548 | €61,128 | +€41,580 | +213% |
| Non-recurring operating income | 76A | €18,500 | €10,000 | -€8,500 | -45.9% |
| Remuneration, social security and pensions | 62 | €260,074 | €53,769 | -€206,305 | -79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,995 | €32,611 | -€25,384 | -43.8% |
| Other operating charges | 640/8 | €10,456 | €2,448 | -€8,008 | -76.6% |
| Non-recurring operating charges | 66A | €2,037 | - | -€2,037 | |
| Gross operating margin | 9900 | €204,118 | €118,647 | -€85,471 | -41.9% |
| Operating profit (loss) | 9901 | -€126,444 | €29,819 | +€156,263 | |
| Financial income | 75/76B | €3,775 | €585 | -€3,190 | -84.5% |
| Recurring financial income | 75 | €3,775 | €585 | -€3,190 | -84.5% |
| Financial charges | 65/66B | €8,587 | €7,397 | -€1,190 | -13.9% |
| Recurring financial charges | 65 | €8,587 | €7,397 | -€1,190 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€131,256 | €23,007 | +€154,263 | |
| Profit (loss) for the period | 9904 | -€131,256 | €23,007 | +€154,263 | |
| Profit (loss) for the period to be appropriated | 9905 | -€131,256 | €23,007 | +€154,263 |
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 24 October 2026 via checked.be.