REZ-O: 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.
REZ-O
Largest movements
- Deferred charges and accrued income -€3,543
down €3,543 (-100.0%), from €3,543 to €0
- Formation expenses -€1,224
down €1,224 (-100.0%), from €1,224 to €0
- Cash -€639
down €639 (-52.2%), from €1,224 to €585
mainly Net result for the year (-€8,150)
- Receivables within one year -€227
down €227 (-16.4%), from €1,380 to €1,154
of which Trade receivables: -€1,213
- Profit (loss) carried forward -€8,150
down €8,150 (-96.9%), from -€8,414 to -€16,564
- Trade debts +€992
up €992 (+12.7%), from €7,820 to €8,812
- Tax, wage and social debts +€794
up €794 (+31.0%), from €2,562 to €3,357
- Short-term financial debts +€574
up €574 (+1688.4%), from €34 to €608
of which Other loans: +€608
- Other debts +€157
up €157 (+2.8%), from €5,569 to €5,726
- Gross operating margin +€1,809
up €1,809 (+26.8%), from -€6,753 to -€4,944
- Other operating charges +€807
up €807 (+209.8%), from €384 to €1,191
- Financial charges +€760
up €760 (+2320.1%), from €33 to €792
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 | €8,571 | €2,938 | -€5,633 | -65.7% |
| Formation expenses | 20 | €1,224 | €0 | -€1,224 | -100.0% |
| Fixed assets | 21/28 | €1,200 | €1,200 | = | 0.0% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €6,147 | €1,738 | -€4,409 | -71.7% |
| Amounts receivable within one year | 40/41 | €1,380 | €1,154 | -€227 | -16.4% |
| Trade receivables | 40 | €1,213 | €0 | -€1,213 | -100.0% |
| Other amounts receivable | 41 | €168 | €1,154 | +€986 | +587.4% |
| Cash at bank and in hand | 54/58 | €1,224 | €585 | -€639 | -52.2% |
| Deferred charges and accrued income | 490/1 | €3,543 | €0 | -€3,543 | -100.0% |
| Total equity and liabilities | 10/49 | €8,571 | €2,938 | -€5,633 | -65.7% |
| Equity | 10/15 | -€7,414 | -€15,564 | -€8,150 | -109.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,414 | -€16,564 | -€8,150 | -96.9% |
| Amounts payable | 17/49 | €15,985 | €18,502 | +€2,517 | +15.7% |
| Amounts payable within one year | 42/48 | €15,985 | €18,502 | +€2,517 | +15.7% |
| Financial debts | 43 | €34 | €608 | +€574 | +1688.4% |
| Credit institutions | 430/8 | €34 | €0 | -€34 | -100.0% |
| Other loans | 439 | - | €608 | +€608 | |
| Trade debts | 44 | €7,820 | €8,812 | +€992 | +12.7% |
| Suppliers | 440/4 | €7,820 | €8,812 | +€992 | +12.7% |
| Taxes, remuneration and social security | 45 | €2,562 | €3,357 | +€794 | +31.0% |
| Taxes | 450/3 | €2,562 | €3,357 | +€794 | +31.0% |
| Other amounts payable | 47/48 | €5,569 | €5,726 | +€157 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,244 | €1,224 | -€20 | -1.6% |
| Other operating charges | 640/8 | €384 | €1,191 | +€807 | +209.8% |
| Gross operating margin | 9900 | -€6,753 | -€4,944 | +€1,809 | +26.8% |
| Operating profit (loss) | 9901 | -€8,381 | -€7,359 | +€1,022 | +12.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €33 | €792 | +€760 | +2320.1% |
| Recurring financial charges | 65 | €33 | €792 | +€760 | +2320.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,414 | -€8,150 | +€264 | +3.1% |
| Profit (loss) for the period | 9904 | -€8,414 | -€8,150 | +€264 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,414 | -€8,150 | +€264 | +3.1% |
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.