READ ALL: 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.
READ ALL
Largest movements
- Cash -€35,124
down €35,124 (-63.5%), from €55,287 to €20,164
mainly Net result for the year (-€39,580) and Trade debts (-€16,291)
- Stocks and contracts -€13,090
no longer reported in 2024 (was €13,090)
- Tangible fixed assets -€9,386
down €9,386 (-14.1%), from €66,368 to €56,982
of which Land and buildings: -€8,828
- Profit (loss) carried forward -€39,580
down €39,580 (-41.1%), from €96,322 to €56,742
- Trade debts -€16,291
down €16,291 (-76.3%), from €21,361 to €5,071
- Debts after one year -€2,041
down €2,041 (-25.3%), from €8,067 to €6,027
- Gross operating margin -€39,501
down €39,501, from €9,814 to -€29,687
- Other operating charges -€11,634
down €11,634 (-99.1%), from €11,736 to €102
- Taxes -€2,577
down €2,577 (-100.0%), from €2,577 to €0
- Financial charges -€853
down €853 (-61.0%), from €1,398 to €545
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 | €184,220 | €126,654 | -€57,566 | -31.2% |
| Fixed assets | 21/28 | €66,368 | €56,982 | -€9,386 | -14.1% |
| Tangible fixed assets | 22/27 | €66,368 | €56,982 | -€9,386 | -14.1% |
| Land and buildings | 22 | €55,181 | €46,353 | -€8,828 | -16.0% |
| Plant, machinery and equipment | 23 | €11,187 | €10,629 | -€558 | -5.0% |
| Current assets | 29/58 | €117,852 | €69,672 | -€48,180 | -40.9% |
| Stocks and contracts in progress | 3 | €13,090 | - | -€13,090 | |
| Stocks | 30/36 | €13,090 | - | -€13,090 | |
| Amounts receivable within one year | 40/41 | €49,276 | €49,437 | +€161 | +0.3% |
| Trade receivables | 40 | €5,285 | - | -€5,285 | |
| Other amounts receivable | 41 | €43,991 | €49,437 | +€5,446 | +12.4% |
| Cash at bank and in hand | 54/58 | €55,287 | €20,164 | -€35,124 | -63.5% |
| Deferred charges and accrued income | 490/1 | €199 | €72 | -€127 | -64.0% |
| Total equity and liabilities | 10/49 | €184,220 | €126,654 | -€57,566 | -31.2% |
| Equity | 10/15 | €152,394 | €112,813 | -€39,580 | -26.0% |
| Contributions | 10/11 | €9,800 | €9,800 | = | 0.0% |
| Reserves | 13 | €46,271 | €46,271 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €43,171 | €43,171 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,322 | €56,742 | -€39,580 | -41.1% |
| Amounts payable | 17/49 | €31,826 | €13,841 | -€17,986 | -56.5% |
| Amounts payable after more than one year | 17 | €8,067 | €6,027 | -€2,041 | -25.3% |
| Financial debts | 170/4 | €8,067 | €6,027 | -€2,041 | -25.3% |
| Amounts payable within one year | 42/48 | €23,759 | €7,814 | -€15,945 | -67.1% |
| Current portion of amounts payable after more than one year | 42 | - | €345 | +€345 | |
| Trade debts | 44 | €21,361 | €5,071 | -€16,291 | -76.3% |
| Suppliers | 440/4 | €21,361 | €5,071 | -€16,291 | -76.3% |
| Taxes, remuneration and social security | 45 | €2,397 | €2,397 | = | 0.0% |
| Taxes | 450/3 | €2,397 | €2,397 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,491 | €9,386 | -€105 | -1.1% |
| Other operating charges | 640/8 | €11,736 | €102 | -€11,634 | -99.1% |
| Gross operating margin | 9900 | €9,814 | -€29,687 | -€39,501 | |
| Operating profit (loss) | 9901 | -€11,412 | -€39,175 | -€27,763 | -243.3% |
| Financial income | 75/76B | €123 | €140 | +€17 | +13.8% |
| Recurring financial income | 75 | €123 | €1 | -€122 | -99.0% |
| Non-recurring financial income | 76B | - | €139 | +€139 | |
| Financial charges | 65/66B | €1,398 | €545 | -€853 | -61.0% |
| Recurring financial charges | 65 | €1,398 | €545 | -€853 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,688 | -€39,580 | -€26,892 | -212.0% |
| Income taxes | 67/77 | €2,577 | €0 | -€2,577 | -100.0% |
| Profit (loss) for the period | 9904 | -€15,265 | -€39,580 | -€24,315 | -159.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,265 | -€39,580 | -€24,315 | -159.3% |
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 7 October 2026 via checked.be.