SupplyStack: 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.
SupplyStack
Largest movements
- Intangible fixed assets -€2.8m
down €2.8m (-33.2%), from €8.4m to €5.6m
- Cash +€874,280
up €874,280 (+450.0%), from €194,285 to €1.1m
mainly Depreciation (+€2.8m) and Debts after one year (+€2.6m)
- Receivables within one year +€299,913
up €299,913 (+15.4%), from €1.9m to €2.2m
of which Trade receivables: +€361,117
- Profit (loss) carried forward -€4.8m
down €4.8m (-89.4%), from -€5.4m to -€10.1m
- Debts after one year +€2.6m
up €2.6m (+39.4%), from €6.6m to €9.2m
- Accrued charges and deferred income +€299,175
up €299,175 (+37.7%), from €793,654 to €1.1m
- Trade debts +€241,900
up €241,900 (+24.5%), from €988,246 to €1.2m
- Depreciation +€1.5m
up €1.5m (+111.2%), from €1.3m to €2.8m
- Gross operating margin -€876,729
down €876,729 (-61.0%), from €1.4m to €559,595
- Staff costs +€735,086
up €735,086 (+53.6%), from €1.4m to €2.1m
- Financial charges +€171,009
up €171,009 (+83.7%), from €204,393 to €375,401
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 | €10,632,016 | €9,017,306 | -€1.6m | -15.2% |
| Fixed assets | 21/28 | €8,446,051 | €5,648,927 | -€2.8m | -33.1% |
| Intangible fixed assets | 21 | €8,417,213 | €5,620,951 | -€2.8m | -33.2% |
| Tangible fixed assets | 22/27 | €23,214 | €22,351 | -€863 | -3.7% |
| Plant, machinery and equipment | 23 | €4,825 | €9,887 | +€5,062 | +104.9% |
| Furniture and vehicles | 24 | €2,590 | - | -€2,590 | |
| Other tangible fixed assets | 26 | €15,798 | €12,464 | -€3,334 | -21.1% |
| Financial fixed assets | 28 | €5,625 | €5,625 | = | 0.0% |
| Current assets | 29/58 | €2,185,964 | €3,368,379 | +€1.2m | +54.1% |
| Amounts receivable within one year | 40/41 | €1,942,987 | €2,242,900 | +€299,913 | +15.4% |
| Trade receivables | 40 | €1,868,988 | €2,230,105 | +€361,117 | +19.3% |
| Other amounts receivable | 41 | €73,999 | €12,796 | -€61,203 | -82.7% |
| Cash at bank and in hand | 54/58 | €194,285 | €1,068,565 | +€874,280 | +450.0% |
| Deferred charges and accrued income | 490/1 | €48,692 | €56,914 | +€8,222 | +16.9% |
| Total equity and liabilities | 10/49 | €10,632,016 | €9,017,306 | -€1.6m | -15.2% |
| Equity | 10/15 | €2,114,946 | -€2,711,600 | -€4.8m | |
| Contributions | 10/11 | €7,404,030 | €7,404,030 | = | 0.0% |
| Capital | 10 | €195,572 | €195,572 | = | 0.0% |
| Issued capital | 100 | €195,572 | €195,572 | = | 0.0% |
| Outside capital | 11 | €7,208,458 | €7,208,458 | = | 0.0% |
| Share premium | 1100/10 | €7,208,458 | €7,208,458 | = | 0.0% |
| Reserves | 13 | €1,728 | €1,728 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,728 | €1,728 | = | 0.0% |
| Legal reserve | 130 | €1,728 | €1,728 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,352,259 | -€10,137,840 | -€4.8m | -89.4% |
| Investment grants | 15 | €61,447 | €20,482 | -€40,965 | -66.7% |
| Amounts payable | 17/49 | €8,517,069 | €11,728,906 | +€3.2m | +37.7% |
| Amounts payable after more than one year | 17 | €6,600,000 | €9,200,000 | +€2.6m | +39.4% |
| Financial debts | 170/4 | €6,600,000 | €9,200,000 | +€2.6m | +39.4% |
| Amounts payable within one year | 42/48 | €1,123,415 | €1,436,077 | +€312,662 | +27.8% |
| Trade debts | 44 | €988,246 | €1,230,146 | +€241,900 | +24.5% |
| Suppliers | 440/4 | €988,246 | €1,230,146 | +€241,900 | +24.5% |
| Taxes, remuneration and social security | 45 | €135,169 | €205,931 | +€70,762 | +52.4% |
| Taxes | 450/3 | - | €5,312 | +€5,312 | |
| Remuneration and social security | 454/9 | €135,169 | €200,618 | +€65,450 | +48.4% |
| Accrued charges and deferred income | 492/3 | €793,654 | €1,092,829 | +€299,175 | +37.7% |
| Remuneration, social security and pensions | 62 | €1,371,508 | €2,106,594 | +€735,086 | +53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,329,664 | €2,808,816 | +€1.5m | +111.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €84,459 | €93,896 | +€9,438 | +11.2% |
| Other operating charges | 640/8 | €582 | €1,527 | +€945 | +162.4% |
| Non-recurring operating charges | 66A | €383 | - | -€383 | |
| Gross operating margin | 9900 | €1,436,324 | €559,595 | -€876,729 | -61.0% |
| Operating profit (loss) | 9901 | -€1,350,272 | -€4,451,239 | -€3.1m | -229.7% |
| Financial income | 75/76B | €41,223 | €43,964 | +€2,741 | +6.6% |
| Recurring financial income | 75 | €41,223 | €43,964 | +€2,741 | +6.6% |
| Financial charges | 65/66B | €204,393 | €375,401 | +€171,009 | +83.7% |
| Recurring financial charges | 65 | €204,393 | €375,401 | +€171,009 | +83.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,513,441 | -€4,782,676 | -€3.3m | -216.0% |
| Income taxes | 67/77 | €2,110 | €2,905 | +€795 | +37.7% |
| Profit (loss) for the period | 9904 | -€1,515,551 | -€4,785,582 | -€3.3m | -215.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,515,551 | -€4,785,582 | -€3.3m | -215.8% |
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 3 October 2026 via checked.be.