Steven Simons: what changed
Two financial 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.
Steven Simons
Largest movements
- Cash -€14,735
down €14,735 (-41.4%), from €35,574 to €20,838
mainly Net result for the year (-€11,879) and Investment in fixed assets (net) (-€8,328)
- Receivables within one year -€3,498
down €3,498 (-39.7%), from €8,820 to €5,322
of which Trade receivables: -€4,470
- Stocks and contracts -€2,856
down €2,856 (-57.1%), from €5,000 to €2,144
- Tangible fixed assets +€2,072
up €2,072 (+5.9%), from €34,909 to €36,981
of which Plant, machinery and equipment: +€2,116
- Deferred charges and accrued income +€1,404
up €1,404 (+446%), from €315 to €1,719
- Reserves -€11,879
down €11,879 (-41.6%), from €28,582 to €16,703
- Trade debts +€10,467
up €10,467 (+70.7%), from €14,803 to €25,270
- Current portion of long-term debt -€6,500
no longer reported in 2024 (was €6,500)
- Other debts -€5,718
down €5,718 (-96.3%), from €5,937 to €219
- Tax, wage and social debts -€5,624
down €5,624 (-17.2%), from €32,697 to €27,073
of which Remuneration and social security: -€3,348
- Gross operating margin -€22,989
down €22,989 (-19.3%), from €118,887 to €95,897
- Staff costs +€17,883
up €17,883 (+22.1%), from €80,799 to €98,682
- Taxes -€5,878
no longer reported in 2024 (was €5,878)
- Depreciation +€1,839
up €1,839 (+31.9%), from €5,766 to €7,604
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.
Derived cash bridge
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 | €93,519 | €74,557 | -€18,962 | -20.3% |
| Fixed assets | 21/28 | €43,810 | €44,534 | +€724 | +1.7% |
| Intangible fixed assets | 21 | €8,900 | €7,553 | -€1,348 | -15.1% |
| Tangible fixed assets | 22/27 | €34,909 | €36,981 | +€2,072 | +5.9% |
| Plant, machinery and equipment | 23 | €29,148 | €31,264 | +€2,116 | +7.3% |
| Furniture and vehicles | 24 | €2,230 | €1,730 | -€499 | -22.4% |
| Other tangible fixed assets | 26 | €3,532 | €3,987 | +€455 | +12.9% |
| Current assets | 29/58 | €49,709 | €30,024 | -€19,685 | -39.6% |
| Stocks and contracts in progress | 3 | €5,000 | €2,144 | -€2,856 | -57.1% |
| Stocks | 30/36 | €5,000 | €2,144 | -€2,856 | -57.1% |
| Amounts receivable within one year | 40/41 | €8,820 | €5,322 | -€3,498 | -39.7% |
| Trade receivables | 40 | €4,859 | €389 | -€4,470 | -92.0% |
| Other amounts receivable | 41 | €3,961 | €4,933 | +€972 | +24.5% |
| Cash at bank and in hand | 54/58 | €35,574 | €20,838 | -€14,735 | -41.4% |
| Deferred charges and accrued income | 490/1 | €315 | €1,719 | +€1,404 | +446% |
| Total equity and liabilities | 10/49 | €93,519 | €74,557 | -€18,962 | -20.3% |
| Equity | 10/15 | €33,582 | €21,703 | -€11,879 | -35.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,582 | €16,703 | -€11,879 | -41.6% |
| Distributable reserves | 133 | €28,582 | €16,703 | -€11,879 | -41.6% |
| Amounts payable | 17/49 | €59,937 | €52,854 | -€7,083 | -11.8% |
| Amounts payable within one year | 42/48 | €59,937 | €52,562 | -€7,375 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €6,500 | - | -€6,500 | |
| Trade debts | 44 | €14,803 | €25,270 | +€10,467 | +70.7% |
| Suppliers | 440/4 | €14,803 | €25,270 | +€10,467 | +70.7% |
| Taxes, remuneration and social security | 45 | €32,697 | €27,073 | -€5,624 | -17.2% |
| Taxes | 450/3 | €18,913 | €16,637 | -€2,276 | -12.0% |
| Remuneration and social security | 454/9 | €13,784 | €10,436 | -€3,348 | -24.3% |
| Other amounts payable | 47/48 | €5,937 | €219 | -€5,718 | -96.3% |
| Accrued charges and deferred income | 492/3 | - | €292 | +€292 | |
| Remuneration, social security and pensions | 62 | €80,799 | €98,682 | +€17,883 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,766 | €7,604 | +€1,839 | +31.9% |
| Other operating charges | 640/8 | €925 | €657 | -€268 | -29.0% |
| Gross operating margin | 9900 | €118,887 | €95,897 | -€22,989 | -19.3% |
| Operating profit (loss) | 9901 | €31,397 | -€11,046 | -€42,443 | |
| Financial income | 75/76B | €151 | €645 | +€495 | +328% |
| Recurring financial income | 75 | €151 | €645 | +€495 | +328% |
| Financial charges | 65/66B | €830 | €1,478 | +€647 | +78.0% |
| Recurring financial charges | 65 | €830 | €1,478 | +€647 | +78.0% |
| Profit (loss) for the period before taxes | 9903 | €30,718 | -€11,879 | -€42,596 | |
| Income taxes | 67/77 | €5,878 | - | -€5,878 | |
| Profit (loss) for the period | 9904 | €24,840 | -€11,879 | -€36,719 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,840 | -€11,879 | -€36,719 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.