RED CUP: 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.
RED CUP
Largest movements
- Cash -€11,646
down €11,646 (-48.6%), from €23,979 to €12,333
mainly Other debts (-€12,400) and Receivables within one year (-€11,536)
- Receivables within one year +€11,536
up €11,536 (+17169.6%), from €67 to €11,603
of which Trade receivables: +€11,288
- Tangible fixed assets -€5,624
down €5,624 (-37.2%), from €15,119 to €9,495
of which Furniture and vehicles: -€3,297
- Other debts -€12,400
down €12,400 (-63.6%), from €19,500 to €7,100
- Trade debts +€8,988
up €8,988 (+204.9%), from €4,387 to €13,375
of which Bills of exchange payable: +€10,805
- Tax, wage and social debts -€1,684
down €1,684 (-22.4%), from €7,516 to €5,832
- Reserves -€853
down €853 (-8.4%), from €10,199 to €9,346
- Gross operating margin -€24,217
down €24,217 (-68.9%), from €35,139 to €10,921
- Staff costs -€5,746
down €5,746, from €5,338 to -€408
- Taxes -€2,620
down €2,620 (-100.0%), from €2,620 to €0
- Other operating charges -€2,142
down €2,142 (-32.8%), from €6,521 to €4,379
- Depreciation -€1,567
down €1,567 (-21.8%), from €7,191 to €5,624
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 | €50,896 | €44,656 | -€6,240 | -12.3% |
| Fixed assets | 21/28 | €22,694 | €17,070 | -€5,624 | -24.8% |
| Tangible fixed assets | 22/27 | €15,119 | €9,495 | -€5,624 | -37.2% |
| Plant, machinery and equipment | 23 | €560 | €92 | -€468 | -83.6% |
| Furniture and vehicles | 24 | €8,280 | €4,982 | -€3,297 | -39.8% |
| Other tangible fixed assets | 26 | €6,279 | €4,420 | -€1,859 | -29.6% |
| Financial fixed assets | 28 | €7,575 | €7,575 | = | 0.0% |
| Current assets | 29/58 | €28,202 | €27,586 | -€616 | -2.2% |
| Stocks and contracts in progress | 3 | €1,115 | €900 | -€215 | -19.3% |
| Stocks | 30/36 | €1,115 | €900 | -€215 | -19.3% |
| Amounts receivable within one year | 40/41 | €67 | €11,603 | +€11,536 | +17169.6% |
| Trade receivables | 40 | - | €11,288 | +€11,288 | |
| Other amounts receivable | 41 | €67 | €315 | +€248 | +368.8% |
| Cash at bank and in hand | 54/58 | €23,979 | €12,333 | -€11,646 | -48.6% |
| Deferred charges and accrued income | 490/1 | €3,041 | €2,750 | -€291 | -9.6% |
| Total equity and liabilities | 10/49 | €50,896 | €44,656 | -€6,240 | -12.3% |
| Equity | 10/15 | €19,199 | €18,346 | -€853 | -4.4% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €10,199 | €9,346 | -€853 | -8.4% |
| Distributable reserves | 133 | €10,199 | €9,346 | -€853 | -8.4% |
| Amounts payable | 17/49 | €31,697 | €26,311 | -€5,386 | -17.0% |
| Amounts payable within one year | 42/48 | €31,697 | €26,311 | -€5,386 | -17.0% |
| Financial debts | 43 | €294 | €3 | -€290 | -98.8% |
| Credit institutions | 430/8 | €294 | €3 | -€290 | -98.8% |
| Trade debts | 44 | €4,387 | €13,375 | +€8,988 | +204.9% |
| Suppliers | 440/4 | €4,387 | €2,570 | -€1,817 | -41.4% |
| Bills of exchange payable | 441 | - | €10,805 | +€10,805 | |
| Taxes, remuneration and social security | 45 | €7,516 | €5,832 | -€1,684 | -22.4% |
| Taxes | 450/3 | €7,516 | €5,832 | -€1,684 | -22.4% |
| Other amounts payable | 47/48 | €19,500 | €7,100 | -€12,400 | -63.6% |
| Remuneration, social security and pensions | 62 | €5,338 | -€408 | -€5,746 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,191 | €5,624 | -€1,567 | -21.8% |
| Other operating charges | 640/8 | €6,521 | €4,379 | -€2,142 | -32.8% |
| Gross operating margin | 9900 | €35,139 | €10,921 | -€24,217 | -68.9% |
| Operating profit (loss) | 9901 | €16,089 | €1,326 | -€14,762 | -91.8% |
| Financial income | 75/76B | €38 | €0 | -€38 | -99.9% |
| Recurring financial income | 75 | €38 | €0 | -€38 | -99.9% |
| Financial charges | 65/66B | €3,308 | €2,180 | -€1,128 | -34.1% |
| Recurring financial charges | 65 | €3,308 | €2,180 | -€1,128 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €12,819 | -€853 | -€13,672 | |
| Income taxes | 67/77 | €2,620 | €0 | -€2,620 | -100.0% |
| Profit (loss) for the period | 9904 | €10,199 | -€853 | -€11,052 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,199 | -€853 | -€11,052 |
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 2 October 2026 via checked.be.