STATE ONE: 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.
STATE ONE
Largest movements
- Cash -€108,835
down €108,835 (-75.2%), from €144,714 to €35,879
mainly Short-term financial debts (-€1.4m) and Net result for the year (-€139,494)
- Tangible fixed assets -€42,591
down €42,591 (-3.1%), from €1.4m to €1.3m
of which Land and buildings: -€47,865
- Short-term financial debts -€1.4m
no longer reported in 2024 (was €1.4m)
- Debts after one year +€1.1m
up €1.1m (+485.9%), from €230,000 to €1.3m
of which Financial debts: +€1.1m
- Other debts +€222,190
up €222,190 (+291.8%), from €76,150 to €298,340
- Profit (loss) carried forward -€139,494
down €139,494 (-55.8%), from -€249,883 to -€389,377
- Current portion of long-term debt +€70,759
new in 2024: €70,759
- Financial charges +€62,654
up €62,654 (+158.1%), from €39,621 to €102,275
- Gross operating margin +€46,040
up €46,040 (+131.6%), from €34,979 to €81,020
- Depreciation +€36,630
up €36,630 (+47.4%), from €77,327 to €113,958
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 | €1,505,209 | €1,352,156 | -€153,053 | -10.2% |
| Fixed assets | 21/28 | €1,358,693 | €1,316,102 | -€42,591 | -3.1% |
| Tangible fixed assets | 22/27 | €1,358,693 | €1,316,102 | -€42,591 | -3.1% |
| Land and buildings | 22 | €1,358,693 | €1,310,828 | -€47,865 | -3.5% |
| Furniture and vehicles | 24 | - | €5,274 | +€5,274 | |
| Current assets | 29/58 | €146,516 | €36,054 | -€110,462 | -75.4% |
| Amounts receivable within one year | 40/41 | - | €175 | +€175 | |
| Other amounts receivable | 41 | - | €175 | +€175 | |
| Cash at bank and in hand | 54/58 | €144,714 | €35,879 | -€108,835 | -75.2% |
| Deferred charges and accrued income | 490/1 | €1,801 | - | -€1,801 | |
| Total equity and liabilities | 10/49 | €1,505,209 | €1,352,156 | -€153,053 | -10.2% |
| Equity | 10/15 | -€231,283 | -€370,777 | -€139,494 | -60.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€249,883 | -€389,377 | -€139,494 | -55.8% |
| Amounts payable | 17/49 | €1,736,492 | €1,722,933 | -€13,558 | -0.8% |
| Amounts payable after more than one year | 17 | €230,000 | €1,347,682 | +€1.1m | +485.9% |
| Financial debts | 170/4 | - | €1,117,682 | +€1.1m | |
| Other amounts payable | 178/9 | €230,000 | €230,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,502,739 | €369,098 | -€1.1m | -75.4% |
| Current portion of amounts payable after more than one year | 42 | - | €70,759 | +€70,759 | |
| Financial debts | 43 | €1,421,000 | - | -€1.4m | |
| Credit institutions | 430/8 | €1,421,000 | - | -€1.4m | |
| Trade debts | 44 | €5,589 | - | -€5,589 | |
| Suppliers | 440/4 | €5,589 | - | -€5,589 | |
| Other amounts payable | 47/48 | €76,150 | €298,340 | +€222,190 | +291.8% |
| Accrued charges and deferred income | 492/3 | €3,753 | €6,153 | +€2,400 | +63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,327 | €113,958 | +€36,630 | +47.4% |
| Other operating charges | 640/8 | €5,078 | €4,285 | -€793 | -15.6% |
| Gross operating margin | 9900 | €34,979 | €81,020 | +€46,040 | +131.6% |
| Operating profit (loss) | 9901 | -€47,426 | -€37,222 | +€10,203 | +21.5% |
| Financial income | 75/76B | €100 | €3 | -€97 | -96.6% |
| Recurring financial income | 75 | €100 | €3 | -€97 | -96.6% |
| Financial charges | 65/66B | €39,621 | €102,275 | +€62,654 | +158.1% |
| Recurring financial charges | 65 | €39,621 | €102,275 | +€62,654 | +158.1% |
| Profit (loss) for the period before taxes | 9903 | -€86,947 | -€139,494 | -€52,547 | -60.4% |
| Profit (loss) for the period | 9904 | -€86,947 | -€139,494 | -€52,547 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,947 | -€139,494 | -€52,547 | -60.4% |
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.