ShiftLeft: 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.
ShiftLeft
Largest movements
- Cash -€99,603
down €99,603 (-46.1%), from €215,908 to €116,304
mainly Contributions, distributions and other (-€123,310) and Investment in fixed assets (net) (-€7,172)
- Receivables within one year +€5,214
up €5,214 (+6.0%), from €86,359 to €91,573
of which Other amounts receivable: +€19,253
- Reserves -€93,045
down €93,045 (-30.2%), from €308,293 to €215,248
- Gross operating margin -€52,439
down €52,439 (-47.1%), from €111,285 to €58,846
- Taxes -€15,137
down €15,137 (-53.4%), from €28,373 to €13,236
- Financial charges +€1,857
up €1,857 (+39.2%), from €4,732 to €6,588
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 | €325,916 | €233,385 | -€92,531 | -28.4% |
| Fixed assets | 21/28 | €21,141 | €19,789 | -€1,352 | -6.4% |
| Tangible fixed assets | 22/27 | €21,141 | €19,789 | -€1,352 | -6.4% |
| Plant, machinery and equipment | 23 | €2,363 | €2,768 | +€406 | +17.2% |
| Furniture and vehicles | 24 | €7,511 | €8,412 | +€900 | +12.0% |
| Other tangible fixed assets | 26 | €11,267 | €8,609 | -€2,658 | -23.6% |
| Current assets | 29/58 | €304,775 | €213,596 | -€91,179 | -29.9% |
| Amounts receivable within one year | 40/41 | €86,359 | €91,573 | +€5,214 | +6.0% |
| Trade receivables | 40 | €43,322 | €29,283 | -€14,039 | -32.4% |
| Other amounts receivable | 41 | €43,037 | €62,290 | +€19,253 | +44.7% |
| Cash at bank and in hand | 54/58 | €215,908 | €116,304 | -€99,603 | -46.1% |
| Deferred charges and accrued income | 490/1 | €2,508 | €5,718 | +€3,211 | +128.0% |
| Total equity and liabilities | 10/49 | €325,916 | €233,385 | -€92,531 | -28.4% |
| Equity | 10/15 | €308,793 | €215,748 | -€93,045 | -30.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €308,293 | €215,248 | -€93,045 | -30.2% |
| Distributable reserves | 133 | €308,293 | €215,248 | -€93,045 | -30.2% |
| Amounts payable | 17/49 | €17,123 | €17,637 | +€514 | +3.0% |
| Amounts payable within one year | 42/48 | €17,123 | €17,637 | +€514 | +3.0% |
| Trade debts | 44 | €1,560 | €3,271 | +€1,711 | +109.7% |
| Suppliers | 440/4 | €1,560 | €3,271 | +€1,711 | +109.7% |
| Taxes, remuneration and social security | 45 | €14,839 | €13,662 | -€1,177 | -7.9% |
| Taxes | 450/3 | €14,839 | €13,662 | -€1,177 | -7.9% |
| Other amounts payable | 47/48 | €725 | €705 | -€20 | -2.8% |
| Non-recurring operating income | 76A | €15,322 | €3,795 | -€11,526 | -75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,816 | €8,524 | +€708 | +9.1% |
| Other operating charges | 640/8 | €757 | €648 | -€109 | -14.3% |
| Gross operating margin | 9900 | €111,285 | €58,846 | -€52,439 | -47.1% |
| Operating profit (loss) | 9901 | €102,712 | €49,674 | -€53,039 | -51.6% |
| Financial income | 75/76B | €552 | €415 | -€137 | -24.8% |
| Recurring financial income | 75 | €552 | €415 | -€137 | -24.8% |
| Financial charges | 65/66B | €4,732 | €6,588 | +€1,857 | +39.2% |
| Recurring financial charges | 65 | €4,732 | €6,588 | +€1,857 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €98,533 | €43,500 | -€55,033 | -55.9% |
| Income taxes | 67/77 | €28,373 | €13,236 | -€15,137 | -53.4% |
| Profit (loss) for the period | 9904 | €70,160 | €30,265 | -€39,895 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,160 | €30,265 | -€39,895 | -56.9% |
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.