SI: 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.
SI
Largest movements
- Cash -€18,118
down €18,118 (-24.7%), from €73,287 to €55,169
mainly Net result for the year (-€11,894) and Receivables within one year (-€4,950)
- Tangible fixed assets -€8,296
down €8,296 (-59.7%), from €13,899 to €5,603
of which Leasing and similar rights: -€7,296
- Receivables within one year +€4,950
up €4,950 (+36.0%), from €13,749 to €18,699
of which Trade receivables: +€4,697
- Stocks and contracts -€4,328
down €4,328 (-9.3%), from €46,406 to €42,078
- Profit (loss) carried forward -€8,819
new in 2024: -€8,819
- Trade debts -€4,348
down €4,348 (-6.0%), from €72,374 to €68,026
- Current portion of long-term debt -€3,658
down €3,658 (-58.0%), from €6,305 to €2,647
- Reserves -€3,075
down €3,075 (-5.4%), from €57,468 to €54,393
- Debts after one year -€2,647
no longer reported in 2024 (was €2,647)
- Staff costs +€33,931
up €33,931 (+455.7%), from €7,446 to €41,377
- Gross operating margin +€27,773
up €27,773 (+185.2%), from €14,999 to €42,773
- Other operating charges -€1,614
down €1,614 (-47.7%), from €3,384 to €1,769
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 | €149,761 | €125,093 | -€24,667 | -16.5% |
| Fixed assets | 21/28 | €15,219 | €6,923 | -€8,296 | -54.5% |
| Tangible fixed assets | 22/27 | €13,899 | €5,603 | -€8,296 | -59.7% |
| Plant, machinery and equipment | 23 | €3,374 | €2,373 | -€1,000 | -29.7% |
| Leasing and similar rights | 25 | €10,525 | €3,229 | -€7,296 | -69.3% |
| Financial fixed assets | 28 | €1,320 | €1,320 | = | 0.0% |
| Current assets | 29/58 | €134,541 | €118,170 | -€16,371 | -12.2% |
| Stocks and contracts in progress | 3 | €46,406 | €42,078 | -€4,328 | -9.3% |
| Stocks | 30/36 | €46,406 | €42,078 | -€4,328 | -9.3% |
| Amounts receivable within one year | 40/41 | €13,749 | €18,699 | +€4,950 | +36.0% |
| Trade receivables | 40 | €7,607 | €12,304 | +€4,697 | +61.8% |
| Other amounts receivable | 41 | €6,142 | €6,395 | +€253 | +4.1% |
| Cash at bank and in hand | 54/58 | €73,287 | €55,169 | -€18,118 | -24.7% |
| Deferred charges and accrued income | 490/1 | €1,100 | €2,225 | +€1,125 | +102.3% |
| Total equity and liabilities | 10/49 | €149,761 | €125,093 | -€24,667 | -16.5% |
| Equity | 10/15 | €63,868 | €51,975 | -€11,894 | -18.6% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €57,468 | €54,393 | -€3,075 | -5.4% |
| Distributable reserves | 133 | €57,468 | €54,393 | -€3,075 | -5.4% |
| Profit (loss) carried forward | 14 | - | -€8,819 | -€8,819 | |
| Amounts payable | 17/49 | €85,892 | €73,119 | -€12,774 | -14.9% |
| Amounts payable after more than one year | 17 | €2,647 | - | -€2,647 | |
| Financial debts | 170/4 | €2,647 | - | -€2,647 | |
| Amounts payable within one year | 42/48 | €83,229 | €73,119 | -€10,110 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €6,305 | €2,647 | -€3,658 | -58.0% |
| Trade debts | 44 | €72,374 | €68,026 | -€4,348 | -6.0% |
| Suppliers | 440/4 | €72,374 | €68,026 | -€4,348 | -6.0% |
| Taxes, remuneration and social security | 45 | €4,255 | €2,417 | -€1,838 | -43.2% |
| Taxes | 450/3 | €2,330 | - | -€2,330 | |
| Remuneration and social security | 454/9 | €1,925 | €2,417 | +€492 | +25.6% |
| Other amounts payable | 47/48 | €294 | €29 | -€266 | -90.3% |
| Accrued charges and deferred income | 492/3 | €17 | - | -€17 | |
| Non-recurring operating income | 76A | €10,552 | - | -€10,552 | |
| Remuneration, social security and pensions | 62 | €7,446 | €41,377 | +€33,931 | +455.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,296 | €8,296 | = | 0.0% |
| Other operating charges | 640/8 | €3,384 | €1,769 | -€1,614 | -47.7% |
| Gross operating margin | 9900 | €14,999 | €42,773 | +€27,773 | +185.2% |
| Operating profit (loss) | 9901 | -€4,127 | -€8,670 | -€4,543 | -110.1% |
| Financial income | 75/76B | €244 | €360 | +€117 | +48.0% |
| Recurring financial income | 75 | €244 | €360 | +€117 | +48.0% |
| Financial charges | 65/66B | €3,506 | €3,436 | -€70 | -2.0% |
| Recurring financial charges | 65 | €3,274 | €3,276 | +€1 | 0.0% |
| Non-recurring financial charges | 66B | €232 | €160 | -€72 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,390 | -€11,746 | -€4,356 | -59.0% |
| Income taxes | 67/77 | €123 | €148 | +€24 | +19.9% |
| Profit (loss) for the period | 9904 | -€7,513 | -€11,894 | -€4,381 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,513 | -€11,894 | -€4,381 | -58.3% |
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.