R1D2: 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.
R1D2
Largest movements
- Cash -€29,908
down €29,908 (-40.6%), from €73,576 to €43,668
mainly Contributions, distributions and other (-€61,285) and Other debts (-€22,175)
- Current investments +€6,096
up €6,096 (+22.4%), from €27,237 to €33,333
- Deferred charges and accrued income -€2,459
down €2,459 (-56.6%), from €4,343 to €1,884
- Receivables within one year -€1,713
down €1,713 (-8.8%), from €19,402 to €17,689
of which Trade receivables: -€11,214
- Other debts -€22,175
down €22,175 (-70.1%), from €31,612 to €9,437
- Profit (loss) carried forward -€5,696
down €5,696 (-6.2%), from €91,999 to €86,303
- Tax, wage and social debts -€2,952
down €2,952 (-68.2%), from €4,326 to €1,375
- Current portion of long-term debt +€1,698
new in 2024: €1,698
- Short-term financial debts -€1,697
no longer reported in 2024 (was €1,697)
- Other operating charges -€2,414
down €2,414 (-67.0%), from €3,602 to €1,188
- Taxes +€1,333
up €1,333 (+10.2%), from €13,094 to €14,427
- Gross operating margin +€1,291
up €1,291 (+1.7%), from €74,716 to €76,007
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 | €150,607 | €121,472 | -€29,135 | -19.3% |
| Fixed assets | 21/28 | €26,048 | €24,898 | -€1,150 | -4.4% |
| Tangible fixed assets | 22/27 | €26,048 | €24,898 | -€1,150 | -4.4% |
| Furniture and vehicles | 24 | €10,436 | €11,734 | +€1,298 | +12.4% |
| Other tangible fixed assets | 26 | €15,612 | €13,164 | -€2,448 | -15.7% |
| Current assets | 29/58 | €124,558 | €96,573 | -€27,985 | -22.5% |
| Amounts receivable within one year | 40/41 | €19,402 | €17,689 | -€1,713 | -8.8% |
| Trade receivables | 40 | €16,441 | €5,227 | -€11,214 | -68.2% |
| Other amounts receivable | 41 | €2,961 | €12,462 | +€9,501 | +320.9% |
| Current investments | 50/53 | €27,237 | €33,333 | +€6,096 | +22.4% |
| Cash at bank and in hand | 54/58 | €73,576 | €43,668 | -€29,908 | -40.6% |
| Deferred charges and accrued income | 490/1 | €4,343 | €1,884 | -€2,459 | -56.6% |
| Total equity and liabilities | 10/49 | €150,607 | €121,472 | -€29,135 | -19.3% |
| Equity | 10/15 | €112,459 | €106,763 | -€5,696 | -5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €91,999 | €86,303 | -€5,696 | -6.2% |
| Amounts payable | 17/49 | €38,147 | €14,708 | -€23,439 | -61.4% |
| Amounts payable within one year | 42/48 | €38,147 | €14,708 | -€23,439 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | - | €1,698 | +€1,698 | |
| Financial debts | 43 | €1,697 | - | -€1,697 | |
| Credit institutions | 430/8 | €1,697 | - | -€1,697 | |
| Trade debts | 44 | €512 | €2,199 | +€1,687 | +329.5% |
| Suppliers | 440/4 | €512 | €2,199 | +€1,687 | +329.5% |
| Taxes, remuneration and social security | 45 | €4,326 | €1,375 | -€2,952 | -68.2% |
| Taxes | 450/3 | €4,326 | €1,375 | -€2,952 | -68.2% |
| Other amounts payable | 47/48 | €31,612 | €9,437 | -€22,175 | -70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,584 | €4,525 | -€60 | -1.3% |
| Other operating charges | 640/8 | €3,602 | €1,188 | -€2,414 | -67.0% |
| Gross operating margin | 9900 | €74,716 | €76,007 | +€1,291 | +1.7% |
| Operating profit (loss) | 9901 | €66,530 | €70,294 | +€3,764 | +5.7% |
| Financial income | 75/76B | €131 | €96 | -€35 | -26.7% |
| Recurring financial income | 75 | €131 | €96 | -€35 | -26.7% |
| Financial charges | 65/66B | €305 | €374 | +€69 | +22.5% |
| Recurring financial charges | 65 | €305 | €374 | +€69 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €66,356 | €70,016 | +€3,660 | +5.5% |
| Income taxes | 67/77 | €13,094 | €14,427 | +€1,333 | +10.2% |
| Profit (loss) for the period | 9904 | €53,262 | €55,589 | +€2,327 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,262 | €55,589 | +€2,327 | +4.4% |
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 1 October 2026 via checked.be.