SURFACE & COLOR: 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.
SURFACE & COLOR
Largest movements
- Receivables within one year -€18,943
down €18,943 (-72.7%), from €26,069 to €7,126
of which Trade receivables: -€16,585
- Tangible fixed assets -€4,815
down €4,815 (-9.9%), from €48,579 to €43,764
of which Plant, machinery and equipment: -€5,596
- Intangible fixed assets -€3,732
down €3,732 (-22.2%), from €16,801 to €13,069
- Profit (loss) carried forward -€41,228
down €41,228, from €7,589 to -€33,640
- Trade debts +€33,284
up €33,284 (+270.7%), from €12,294 to €45,578
- Short-term financial debts +€9,631
up €9,631 (+219.6%), from €4,387 to €14,018
of which Other loans: +€9,200
- Other debts -€9,266
down €9,266 (-45.1%), from €20,547 to €11,281
- Tax, wage and social debts -€7,767
down €7,767 (-87.5%), from €8,878 to €1,112
of which Remuneration and social security: -€5,229
- Gross operating margin -€29,818
down €29,818, from €28,408 to -€1,410
- Depreciation +€8,378
up €8,378 (+68.8%), from €12,170 to €20,548
- Staff costs -€8,093
down €8,093 (-46.1%), from €17,560 to €9,466
- Write-downs +€2,363
new in 2024: €2,363
- Financial charges +€2,286
up €2,286 (+125.1%), from €1,828 to €4,114
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 | €92,361 | €65,161 | -€27,200 | -29.4% |
| Fixed assets | 21/28 | €65,680 | €57,133 | -€8,548 | -13.0% |
| Intangible fixed assets | 21 | €16,801 | €13,069 | -€3,732 | -22.2% |
| Tangible fixed assets | 22/27 | €48,579 | €43,764 | -€4,815 | -9.9% |
| Plant, machinery and equipment | 23 | €18,577 | €12,981 | -€5,596 | -30.1% |
| Furniture and vehicles | 24 | €30,002 | €30,783 | +€781 | +2.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €26,681 | €8,029 | -€18,652 | -69.9% |
| Amounts receivable within one year | 40/41 | €26,069 | €7,126 | -€18,943 | -72.7% |
| Trade receivables | 40 | €22,881 | €6,296 | -€16,585 | -72.5% |
| Other amounts receivable | 41 | €3,188 | €830 | -€2,357 | -74.0% |
| Cash at bank and in hand | 54/58 | €0 | €197 | +€197 | |
| Deferred charges and accrued income | 490/1 | €612 | €706 | +€94 | +15.4% |
| Total equity and liabilities | 10/49 | €92,361 | €65,161 | -€27,200 | -29.4% |
| Equity | 10/15 | €10,589 | -€30,640 | -€41,228 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | €7,589 | -€33,640 | -€41,228 | |
| Amounts payable | 17/49 | €81,772 | €95,801 | +€14,029 | +17.2% |
| Amounts payable after more than one year | 17 | €21,933 | €16,697 | -€5,236 | -23.9% |
| Financial debts | 170/4 | €21,933 | €16,697 | -€5,236 | -23.9% |
| Amounts payable within one year | 42/48 | €56,224 | €77,225 | +€21,001 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €10,117 | €5,236 | -€4,882 | -48.3% |
| Financial debts | 43 | €4,387 | €14,018 | +€9,631 | +219.6% |
| Credit institutions | 430/8 | €4,387 | €4,818 | +€431 | +9.8% |
| Other loans | 439 | - | €9,200 | +€9,200 | |
| Trade debts | 44 | €12,294 | €45,578 | +€33,284 | +270.7% |
| Suppliers | 440/4 | €12,294 | €45,578 | +€33,284 | +270.7% |
| Taxes, remuneration and social security | 45 | €8,878 | €1,112 | -€7,767 | -87.5% |
| Taxes | 450/3 | €2,993 | €456 | -€2,537 | -84.8% |
| Remuneration and social security | 454/9 | €5,885 | €656 | -€5,229 | -88.9% |
| Other amounts payable | 47/48 | €20,547 | €11,281 | -€9,266 | -45.1% |
| Accrued charges and deferred income | 492/3 | €3,616 | €1,879 | -€1,737 | -48.0% |
| Remuneration, social security and pensions | 62 | €17,560 | €9,466 | -€8,093 | -46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,170 | €20,548 | +€8,378 | +68.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,363 | +€2,363 | |
| Other operating charges | 640/8 | €1,365 | €3,074 | +€1,709 | +125.2% |
| Gross operating margin | 9900 | €28,408 | -€1,410 | -€29,818 | |
| Operating profit (loss) | 9901 | -€2,688 | -€36,862 | -€34,174 | -1271.4% |
| Financial income | 75/76B | €1,475 | €97 | -€1,378 | -93.4% |
| Recurring financial income | 75 | €1,475 | €97 | -€1,378 | -93.4% |
| Financial charges | 65/66B | €1,828 | €4,114 | +€2,286 | +125.1% |
| Recurring financial charges | 65 | €1,828 | €4,114 | +€2,286 | +125.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,040 | -€40,878 | -€37,838 | -1244.6% |
| Income taxes | 67/77 | €21 | €350 | +€329 | +1585.1% |
| Profit (loss) for the period | 9904 | -€3,061 | -€41,228 | -€38,167 | -1246.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,061 | -€41,228 | -€38,167 | -1246.9% |
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 12 October 2026 via checked.be.