SA&AR: what changed
Two financial 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.
SA&AR
Largest movements
- Cash -€25,609
down €25,609 (-19.6%), from €130,872 to €105,264
mainly Other debts (-€42,280) and Trade debts (-€34,492)
- Receivables within one year +€17,394
up €17,394 (+149.8%), from €11,613 to €29,007
of which Trade receivables: +€10,855
- Stocks and contracts -€4,560
down €4,560 (-12.8%), from €35,680 to €31,120
- Tax, wage and social debts +€45,973
up €45,973 (+280.6%), from €16,387 to €62,360
of which Taxes: +€46,523
- Other debts -€42,280
no longer reported in 2024 (was €42,280)
- Trade debts -€34,492
down €34,492 (-63.1%), from €54,695 to €20,203
- Profit (loss) carried forward +€17,132
up €17,132 (+27.5%), from €62,306 to €79,439
- Gross operating margin -€66,525
down €66,525 (-62.8%), from €105,908 to €39,384
- Taxes -€9,199
down €9,199 (-58.6%), from €15,700 to €6,501
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 | €181,167 | €167,501 | -€13,666 | -7.5% |
| Formation expenses | 20 | €691 | €459 | -€231 | -33.5% |
| Fixed assets | 21/28 | €2,255 | €1,355 | -€900 | -39.9% |
| Tangible fixed assets | 22/27 | €2,255 | €1,355 | -€900 | -39.9% |
| Furniture and vehicles | 24 | €2,255 | €1,355 | -€900 | -39.9% |
| Current assets | 29/58 | €178,222 | €165,688 | -€12,534 | -7.0% |
| Stocks and contracts in progress | 3 | €35,680 | €31,120 | -€4,560 | -12.8% |
| Stocks | 30/36 | €35,680 | €31,120 | -€4,560 | -12.8% |
| Amounts receivable within one year | 40/41 | €11,613 | €29,007 | +€17,394 | +149.8% |
| Trade receivables | 40 | - | €10,855 | +€10,855 | |
| Other amounts receivable | 41 | €11,613 | €18,152 | +€6,539 | +56.3% |
| Cash at bank and in hand | 54/58 | €130,872 | €105,264 | -€25,609 | -19.6% |
| Deferred charges and accrued income | 490/1 | €57 | €297 | +€240 | +421.8% |
| Total equity and liabilities | 10/49 | €181,167 | €167,501 | -€13,666 | -7.5% |
| Equity | 10/15 | €67,806 | €84,939 | +€17,132 | +25.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,306 | €79,439 | +€17,132 | +27.5% |
| Amounts payable | 17/49 | €113,361 | €82,563 | -€30,798 | -27.2% |
| Amounts payable within one year | 42/48 | €113,361 | €82,563 | -€30,798 | -27.2% |
| Trade debts | 44 | €54,695 | €20,203 | -€34,492 | -63.1% |
| Suppliers | 440/4 | €54,695 | €20,203 | -€34,492 | -63.1% |
| Taxes, remuneration and social security | 45 | €16,387 | €62,360 | +€45,973 | +280.6% |
| Taxes | 450/3 | €15,837 | €62,360 | +€46,523 | +293.8% |
| Remuneration and social security | 454/9 | €550 | - | -€550 | |
| Other amounts payable | 47/48 | €42,280 | - | -€42,280 | |
| Remuneration, social security and pensions | 62 | €171 | - | -€171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €911 | €1,131 | +€220 | +24.1% |
| Other operating charges | 640/8 | €1,170 | €389 | -€781 | -66.7% |
| Gross operating margin | 9900 | €105,908 | €39,384 | -€66,525 | -62.8% |
| Operating profit (loss) | 9901 | €103,656 | €37,863 | -€65,793 | -63.5% |
| Financial income | 75/76B | €0 | €10 | +€10 | +4661.9% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +4661.9% |
| Financial charges | 65/66B | €150 | €240 | +€89 | +59.4% |
| Recurring financial charges | 65 | €150 | €240 | +€89 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €103,506 | €37,634 | -€65,872 | -63.6% |
| Income taxes | 67/77 | €15,700 | €6,501 | -€9,199 | -58.6% |
| Profit (loss) for the period | 9904 | €87,806 | €31,132 | -€56,674 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,806 | €31,132 | -€56,674 | -64.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.