Seeking Alpha: 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.
Seeking Alpha
Largest movements
- Cash -€53,028
down €53,028 (-45.0%), from €117,803 to €64,775
mainly Debts after one year (-€50,000) and Net result for the year (-€1,376)
- Debts after one year -€50,000
down €50,000 (-2.0%), from €2.5m to €2.5m
- Financial income -€35,750
down €35,750 (-32.8%), from €108,875 to €73,125
- Financial charges +€5,997
up €5,997 (+9.0%), from €66,295 to €72,292
- Gross operating margin -€631
down €631 (-134.5%), from -€469 to -€1,100
- Other operating charges +€348
up €348 (+45.8%), from €760 to €1,108
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 | €2,636,553 | €2,583,525 | -€53,028 | -2.0% |
| Fixed assets | 21/28 | €2,518,750 | €2,518,750 | = | 0.0% |
| Financial fixed assets | 28 | €2,518,750 | €2,518,750 | = | 0.0% |
| Current assets | 29/58 | €117,803 | €64,775 | -€53,028 | -45.0% |
| Cash at bank and in hand | 54/58 | €117,803 | €64,775 | -€53,028 | -45.0% |
| Total equity and liabilities | 10/49 | €2,636,553 | €2,583,525 | -€53,028 | -2.0% |
| Equity | 10/15 | €110,231 | €108,855 | -€1,376 | -1.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,231 | €83,855 | -€1,376 | -1.6% |
| Amounts payable | 17/49 | €2,526,323 | €2,474,670 | -€51,653 | -2.0% |
| Amounts payable after more than one year | 17 | €2,512,500 | €2,462,500 | -€50,000 | -2.0% |
| Financial debts | 170/4 | €2,512,500 | €2,462,500 | -€50,000 | -2.0% |
| Amounts payable within one year | 42/48 | €13,823 | €12,170 | -€1,653 | -12.0% |
| Trade debts | 44 | €985 | €0 | -€985 | -100.0% |
| Suppliers | 440/4 | €985 | €0 | -€985 | -100.0% |
| Other amounts payable | 47/48 | €12,837 | €12,170 | -€667 | -5.2% |
| Other operating charges | 640/8 | €760 | €1,108 | +€348 | +45.8% |
| Gross operating margin | 9900 | -€469 | -€1,100 | -€631 | -134.5% |
| Operating profit (loss) | 9901 | -€1,229 | -€2,208 | -€979 | -79.7% |
| Financial income | 75/76B | €108,875 | €73,125 | -€35,750 | -32.8% |
| Recurring financial income | 75 | €108,875 | €73,125 | -€35,750 | -32.8% |
| Financial charges | 65/66B | €66,295 | €72,292 | +€5,997 | +9.0% |
| Recurring financial charges | 65 | €66,295 | €72,292 | +€5,997 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €41,351 | -€1,376 | -€42,727 | |
| Profit (loss) for the period | 9904 | €41,351 | -€1,376 | -€42,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,351 | -€1,376 | -€42,727 |
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.