STYLE A PART: 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.
STYLE A PART
Largest movements
- Receivables within one year -€299,373
down €299,373 (-92.2%), from €324,642 to €25,269
of which Trade receivables: -€321,876
- Tangible fixed assets +€43,949
up €43,949 (+309%), from €14,209 to €58,158
of which Furniture and vehicles: +€45,118
- Stocks and contracts -€22,900
down €22,900 (-22.4%), from €102,400 to €79,500
- Cash +€8,063
up €8,063 (+60.2%), from €13,398 to €21,461
mainly Receivables within one year (+€299,373) and Other debts (+€36,000)
- Trade debts -€221,596
down €221,596 (-96.4%), from €229,919 to €8,324
- Advances received -€97,881
down €97,881 (-84.2%), from €116,200 to €18,319
- Other debts +€36,000
up €36,000 (+407%), from €8,847 to €44,847
- Tax, wage and social debts +€12,278
up €12,278 (+49.7%), from €24,707 to €36,986
of which Remuneration and social security: +€10,831
- Staff costs -€13,253
down €13,253 (-89.9%), from €14,736 to €1,483
- Gross operating margin -€7,512
down €7,512 (-22.7%), from €33,040 to €25,528
- Depreciation -€2,222
down €2,222 (-12.3%), from €18,076 to €15,854
- Taxes -€1,421
no longer reported in 2024 (was €1,421)
- Other operating charges +€1,318
up €1,318 (+23.6%), from €5,572 to €6,890
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 | €454,909 | €184,648 | -€270,261 | -59.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €14,469 | €58,418 | +€43,949 | +304% |
| Tangible fixed assets | 22/27 | €14,209 | €58,158 | +€43,949 | +309% |
| Plant, machinery and equipment | 23 | €2,919 | €1,750 | -€1,169 | -40.0% |
| Furniture and vehicles | 24 | €11,290 | €56,408 | +€45,118 | +400% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €440,440 | €126,230 | -€314,210 | -71.3% |
| Stocks and contracts in progress | 3 | €102,400 | €79,500 | -€22,900 | -22.4% |
| Stocks | 30/36 | €102,400 | €79,500 | -€22,900 | -22.4% |
| Amounts receivable within one year | 40/41 | €324,642 | €25,269 | -€299,373 | -92.2% |
| Trade receivables | 40 | €321,876 | - | -€321,876 | |
| Other amounts receivable | 41 | €2,765 | €25,269 | +€22,503 | +814% |
| Cash at bank and in hand | 54/58 | €13,398 | €21,461 | +€8,063 | +60.2% |
| Total equity and liabilities | 10/49 | €454,909 | €184,648 | -€270,261 | -59.4% |
| Equity | 10/15 | €75,236 | €76,173 | +€937 | +1.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,236 | €16,173 | +€937 | +6.2% |
| Amounts payable | 17/49 | €379,673 | €108,475 | -€271,198 | -71.4% |
| Amounts payable within one year | 42/48 | €379,673 | €108,475 | -€271,198 | -71.4% |
| Trade debts | 44 | €229,919 | €8,324 | -€221,596 | -96.4% |
| Suppliers | 440/4 | €229,919 | €8,324 | -€221,596 | -96.4% |
| Advances received on contracts in progress | 46 | €116,200 | €18,319 | -€97,881 | -84.2% |
| Taxes, remuneration and social security | 45 | €24,707 | €36,986 | +€12,278 | +49.7% |
| Taxes | 450/3 | €876 | €2,323 | +€1,448 | +165% |
| Remuneration and social security | 454/9 | €23,832 | €34,662 | +€10,831 | +45.4% |
| Other amounts payable | 47/48 | €8,847 | €44,847 | +€36,000 | +407% |
| Non-recurring operating income | 76A | - | €16,009 | +€16,009 | |
| Remuneration, social security and pensions | 62 | €14,736 | €1,483 | -€13,253 | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,076 | €15,854 | -€2,222 | -12.3% |
| Other operating charges | 640/8 | €5,572 | €6,890 | +€1,318 | +23.6% |
| Gross operating margin | 9900 | €33,040 | €25,528 | -€7,512 | -22.7% |
| Operating profit (loss) | 9901 | -€5,344 | €1,301 | +€6,645 | |
| Financial charges | 65/66B | €307 | €364 | +€56 | +18.4% |
| Recurring financial charges | 65 | €307 | €364 | +€56 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,651 | €937 | +€6,588 | |
| Income taxes | 67/77 | €1,421 | - | -€1,421 | |
| Profit (loss) for the period | 9904 | -€7,072 | €937 | +€8,009 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,072 | €937 | +€8,009 |
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 15 October 2026 via checked.be.