R&E Concept: 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.
R&E Concept
Largest movements
- Receivables within one year -€15,418
down €15,418 (-87.8%), from €17,551 to €2,133
- Cash -€12,707
down €12,707 (-44.8%), from €28,395 to €15,688
mainly Net result for the year (-€22,206) and Tax, wage and social debts (-€6,092)
- Tangible fixed assets -€512
down €512 (-34.3%), from €1,494 to €982
of which Plant, machinery and equipment: -€343
- Profit (loss) carried forward -€22,206
down €22,206 (-1251.3%), from -€1,775 to -€23,981
- Tax, wage and social debts -€6,092
down €6,092 (-90.5%), from €6,730 to €638
- Trade debts +€1,283
up €1,283 (+130.8%), from €980 to €2,263
- Other debts -€1,145
down €1,145 (-55.4%), from €2,065 to €920
- Gross operating margin -€27,980
down €27,980, from €8,213 to -€19,767
- Depreciation -€213
down €213 (-29.4%), from €725 to €512
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 | €48,905 | €20,744 | -€28,161 | -57.6% |
| Fixed assets | 21/28 | €1,869 | €1,357 | -€512 | -27.4% |
| Tangible fixed assets | 22/27 | €1,494 | €982 | -€512 | -34.3% |
| Plant, machinery and equipment | 23 | €1,030 | €687 | -€343 | -33.3% |
| Furniture and vehicles | 24 | €463 | €295 | -€168 | -36.4% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €47,037 | €19,387 | -€27,649 | -58.8% |
| Amounts receivable within one year | 40/41 | €17,551 | €2,133 | -€15,418 | -87.8% |
| Trade receivables | 40 | €17,551 | €2,133 | -€15,418 | -87.8% |
| Cash at bank and in hand | 54/58 | €28,395 | €15,688 | -€12,707 | -44.8% |
| Deferred charges and accrued income | 490/1 | €1,090 | €1,566 | +€476 | +43.6% |
| Total equity and liabilities | 10/49 | €48,905 | €20,744 | -€28,161 | -57.6% |
| Equity | 10/15 | €39,130 | €16,924 | -€22,206 | -56.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,305 | €22,305 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,153 | €1,153 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,153 | €1,153 | = | 0.0% |
| Distributable reserves | 133 | €21,152 | €21,152 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,775 | -€23,981 | -€22,206 | -1251.3% |
| Amounts payable | 17/49 | €9,775 | €3,820 | -€5,955 | -60.9% |
| Amounts payable within one year | 42/48 | €9,775 | €3,820 | -€5,955 | -60.9% |
| Trade debts | 44 | €980 | €2,263 | +€1,283 | +130.8% |
| Suppliers | 440/4 | €980 | €2,263 | +€1,283 | +130.8% |
| Taxes, remuneration and social security | 45 | €6,730 | €638 | -€6,092 | -90.5% |
| Taxes | 450/3 | €6,730 | €638 | -€6,092 | -90.5% |
| Other amounts payable | 47/48 | €2,065 | €920 | -€1,145 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725 | €512 | -€213 | -29.4% |
| Other operating charges | 640/8 | €1,499 | €1,488 | -€10 | -0.7% |
| Gross operating margin | 9900 | €8,213 | -€19,767 | -€27,980 | |
| Operating profit (loss) | 9901 | €5,989 | -€21,767 | -€27,756 | |
| Financial income | 75/76B | €178 | €28 | -€150 | -84.2% |
| Recurring financial income | 75 | €178 | €28 | -€150 | -84.2% |
| Financial charges | 65/66B | €83 | €88 | +€4 | +5.3% |
| Recurring financial charges | 65 | €83 | €88 | +€4 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €6,084 | -€21,827 | -€27,911 | |
| Income taxes | 67/77 | €362 | €379 | +€17 | +4.7% |
| Profit (loss) for the period | 9904 | €5,721 | -€22,206 | -€27,928 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,721 | -€22,206 | -€27,928 |
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 29 September 2026 via checked.be.