S.J.: 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.J.
Largest movements
- Receivables within one year -€2,954
down €2,954 (-74.9%), from €3,944 to €990
of which Trade receivables: -€2,902
- Cash -€1,702
down €1,702 (-99.4%), from €1,711 to €10
mainly Net result for the year (-€12,306) and Trade debts (-€3,462)
- Tangible fixed assets -€327
down €327 (-41.4%), from €791 to €464
- Profit (loss) carried forward -€12,306
down €12,306 (-12.1%), from -€101,839 to -€114,144
- Other debts +€10,839
up €10,839 (+12.5%), from €86,432 to €97,271
- Trade debts -€3,462
down €3,462 (-89.9%), from €3,849 to €387
- Depreciation -€1,021
down €1,021 (-75.7%), from €1,348 to €327
- Gross operating margin -€719
down €719 (-7.0%), from -€10,304 to -€11,023
- Financial charges -€209
down €209 (-72.7%), from €288 to €79
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 | €8,936 | €4,007 | -€4,929 | -55.2% |
| Fixed assets | 21/28 | €3,091 | €2,764 | -€327 | -10.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €791 | €464 | -€327 | -41.4% |
| Furniture and vehicles | 24 | €791 | €464 | -€327 | -41.4% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €5,846 | €1,244 | -€4,602 | -78.7% |
| Amounts receivable within one year | 40/41 | €3,944 | €990 | -€2,954 | -74.9% |
| Trade receivables | 40 | €2,902 | - | -€2,902 | |
| Other amounts receivable | 41 | €1,042 | €990 | -€52 | -5.0% |
| Cash at bank and in hand | 54/58 | €1,711 | €10 | -€1,702 | -99.4% |
| Deferred charges and accrued income | 490/1 | €190 | €244 | +€54 | +28.5% |
| Total equity and liabilities | 10/49 | €8,936 | €4,007 | -€4,929 | -55.2% |
| Equity | 10/15 | -€81,387 | -€93,693 | -€12,306 | -15.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,839 | -€114,144 | -€12,306 | -12.1% |
| Amounts payable | 17/49 | €90,324 | €97,700 | +€7,377 | +8.2% |
| Amounts payable within one year | 42/48 | €90,324 | €97,700 | +€7,377 | +8.2% |
| Trade debts | 44 | €3,849 | €387 | -€3,462 | -89.9% |
| Suppliers | 440/4 | €3,849 | €387 | -€3,462 | -89.9% |
| Taxes, remuneration and social security | 45 | €42 | €42 | = | 0.0% |
| Taxes | 450/3 | €42 | €42 | = | 0.0% |
| Other amounts payable | 47/48 | €86,432 | €97,271 | +€10,839 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,348 | €327 | -€1,021 | -75.7% |
| Other operating charges | 640/8 | €604 | €577 | -€26 | -4.3% |
| Non-recurring operating charges | 66A | €63 | €300 | +€237 | +376.0% |
| Gross operating margin | 9900 | -€10,304 | -€11,023 | -€719 | -7.0% |
| Operating profit (loss) | 9901 | -€12,319 | -€12,227 | +€92 | +0.7% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €288 | €79 | -€209 | -72.7% |
| Recurring financial charges | 65 | €288 | €79 | -€209 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,595 | -€12,306 | +€289 | +2.3% |
| Profit (loss) for the period | 9904 | -€12,595 | -€12,306 | +€289 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,595 | -€12,306 | +€289 | +2.3% |
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 30 September 2026 via checked.be.