SN: 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.
SN
Largest movements
- Cash +€1,821
up €1,821 (+95.4%), from €1,909 to €3,730
mainly Other debts (+€14,999) and Stocks and contracts (+€1,586)
- Stocks and contracts -€1,586
down €1,586 (-8.0%), from €19,874 to €18,288
- Tangible fixed assets -€1,257
down €1,257 (-39.8%), from €3,156 to €1,899
- Receivables within one year -€844
down €844 (-22.2%), from €3,801 to €2,957
- Other debts +€14,999
up €14,999 (+47.1%), from €31,855 to €46,854
- Profit (loss) carried forward -€10,466
down €10,466 (-16.2%), from -€64,589 to -€75,055
- Trade debts -€4,557
down €4,557 (-29.9%), from €15,230 to €10,673
- Tax, wage and social debts -€1,842
down €1,842 (-24.7%), from €7,459 to €5,617
- Staff costs -€27,223
down €27,223 (-80.6%), from €33,782 to €6,559
- Gross operating margin -€17,975
down €17,975 (-84.3%), from €21,333 to €3,358
- Other operating charges +€2,806
up €2,806 (+820.5%), from €342 to €3,148
- Financial charges +€2,155
up €2,155 (+305.7%), from €705 to €2,860
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 | €28,740 | €26,874 | -€1,866 | -6.5% |
| Fixed assets | 21/28 | €3,156 | €1,899 | -€1,257 | -39.8% |
| Tangible fixed assets | 22/27 | €3,156 | €1,899 | -€1,257 | -39.8% |
| Plant, machinery and equipment | 23 | €3,156 | €1,899 | -€1,257 | -39.8% |
| Current assets | 29/58 | €25,584 | €24,975 | -€609 | -2.4% |
| Stocks and contracts in progress | 3 | €19,874 | €18,288 | -€1,586 | -8.0% |
| Stocks | 30/36 | €19,874 | €18,288 | -€1,586 | -8.0% |
| Amounts receivable within one year | 40/41 | €3,801 | €2,957 | -€844 | -22.2% |
| Other amounts receivable | 41 | €3,801 | €2,957 | -€844 | -22.2% |
| Cash at bank and in hand | 54/58 | €1,909 | €3,730 | +€1,821 | +95.4% |
| Total equity and liabilities | 10/49 | €28,740 | €26,874 | -€1,866 | -6.5% |
| Equity | 10/15 | -€25,804 | -€36,270 | -€10,466 | -40.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €20,193 | €20,193 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €18,334 | €18,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,589 | -€75,055 | -€10,466 | -16.2% |
| Amounts payable | 17/49 | €54,544 | €63,144 | +€8,600 | +15.8% |
| Amounts payable within one year | 42/48 | €54,544 | €63,144 | +€8,600 | +15.8% |
| Trade debts | 44 | €15,230 | €10,673 | -€4,557 | -29.9% |
| Suppliers | 440/4 | €15,230 | €10,673 | -€4,557 | -29.9% |
| Taxes, remuneration and social security | 45 | €7,459 | €5,617 | -€1,842 | -24.7% |
| Remuneration and social security | 454/9 | €7,459 | €5,617 | -€1,842 | -24.7% |
| Other amounts payable | 47/48 | €31,855 | €46,854 | +€14,999 | +47.1% |
| Remuneration, social security and pensions | 62 | €33,782 | €6,559 | -€27,223 | -80.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,257 | €1,257 | = | 0.0% |
| Other operating charges | 640/8 | €342 | €3,148 | +€2,806 | +820.5% |
| Gross operating margin | 9900 | €21,333 | €3,358 | -€17,975 | -84.3% |
| Operating profit (loss) | 9901 | -€14,048 | -€7,606 | +€6,442 | +45.9% |
| Financial income | 75/76B | €114 | - | -€114 | |
| Recurring financial income | 75 | €114 | - | -€114 | |
| Financial charges | 65/66B | €705 | €2,860 | +€2,155 | +305.7% |
| Recurring financial charges | 65 | €705 | €2,860 | +€2,155 | +305.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,639 | -€10,466 | +€4,173 | +28.5% |
| Profit (loss) for the period | 9904 | -€14,639 | -€10,466 | +€4,173 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,639 | -€10,466 | +€4,173 | +28.5% |
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.