S.Ines: 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.
S.Ines
Largest movements
- Receivables after one year +€100,000
new in 2024: €100,000
- Receivables within one year -€81,466
down €81,466 (-66.7%), from €122,218 to €40,752
of which Other amounts receivable: -€80,521
- Tangible fixed assets -€8,127
down €8,127 (-36.0%), from €22,587 to €14,460
- Cash +€7,548
up €7,548 (+57.7%), from €13,076 to €20,623
mainly Other debts (+€100,000) and Receivables within one year (+€81,466)
- Other debts +€100,000
new in 2024: €100,000
- Profit (loss) carried forward -€80,439
down €80,439 (-62.5%), from €128,741 to €48,302
- Gross operating margin -€23,778
down €23,778 (-42.1%), from €56,480 to €32,702
- Depreciation +€6,843
up €6,843 (+533.1%), from €1,284 to €8,127
- Taxes -€5,703
down €5,703 (-45.1%), from €12,652 to €6,948
- Financial income -€2,382
down €2,382 (-46.4%), from €5,128 to €2,746
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 | €157,881 | €175,835 | +€17,955 | +11.4% |
| Fixed assets | 21/28 | €22,587 | €14,460 | -€8,127 | -36.0% |
| Tangible fixed assets | 22/27 | €22,587 | €14,460 | -€8,127 | -36.0% |
| Furniture and vehicles | 24 | €22,587 | €14,460 | -€8,127 | -36.0% |
| Current assets | 29/58 | €135,294 | €161,375 | +€26,081 | +19.3% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €122,218 | €40,752 | -€81,466 | -66.7% |
| Trade receivables | 40 | €945 | - | -€945 | |
| Other amounts receivable | 41 | €121,273 | €40,752 | -€80,521 | -66.4% |
| Cash at bank and in hand | 54/58 | €13,076 | €20,623 | +€7,548 | +57.7% |
| Total equity and liabilities | 10/49 | €157,881 | €175,835 | +€17,955 | +11.4% |
| Equity | 10/15 | €130,741 | €50,302 | -€80,439 | -61.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,741 | €48,302 | -€80,439 | -62.5% |
| Amounts payable | 17/49 | €27,139 | €125,533 | +€98,394 | +362.5% |
| Amounts payable within one year | 42/48 | €27,139 | €125,533 | +€98,394 | +362.5% |
| Trade debts | 44 | €2,782 | €1,419 | -€1,363 | -49.0% |
| Suppliers | 440/4 | €2,782 | €1,419 | -€1,363 | -49.0% |
| Taxes, remuneration and social security | 45 | €24,358 | €24,114 | -€244 | -1.0% |
| Taxes | 450/3 | €24,358 | €24,114 | -€244 | -1.0% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,284 | €8,127 | +€6,843 | +533.1% |
| Other operating charges | 640/8 | €706 | €607 | -€99 | -14.0% |
| Gross operating margin | 9900 | €56,480 | €32,702 | -€23,778 | -42.1% |
| Operating profit (loss) | 9901 | €54,490 | €23,969 | -€30,522 | -56.0% |
| Financial income | 75/76B | €5,128 | €2,746 | -€2,382 | -46.4% |
| Recurring financial income | 75 | €5,128 | €2,746 | -€2,382 | -46.4% |
| Financial charges | 65/66B | €218 | €206 | -€12 | -5.7% |
| Recurring financial charges | 65 | €218 | €206 | -€12 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €59,400 | €26,509 | -€32,891 | -55.4% |
| Income taxes | 67/77 | €12,652 | €6,948 | -€5,703 | -45.1% |
| Profit (loss) for the period | 9904 | €46,749 | €19,561 | -€27,188 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,749 | €19,561 | -€27,188 | -58.2% |
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 9 October 2026 via checked.be.