T&C: 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.
T&C
Largest movements
- Deferred charges and accrued income +€52,812
new in 2024: €52,812
- Receivables within one year -€49,755
down €49,755 (-69.0%), from €72,128 to €22,372
of which Trade receivables: -€42,212
- Cash -€20,311
down €20,311 (-29.5%), from €68,907 to €48,596
mainly Deferred charges and accrued income (-€52,812) and Net result for the year (-€45,584)
- Advances received +€55,981
new in 2024: €55,981
- Profit (loss) carried forward -€45,584
down €45,584, from €18,815 to -€26,769
- Other debts -€25,846
down €25,846 (-11.5%), from €224,739 to €198,893
- Tax, wage and social debts -€7,496
down €7,496 (-73.5%), from €10,199 to €2,702
- Accrued charges and deferred income +€7,051
new in 2024: €7,051
- Gross operating margin -€57,669
down €57,669, from €57,032 to -€637
- Depreciation +€12,770
up €12,770 (+38.3%), from €33,382 to €46,151
- Taxes -€6,811
down €6,811, from €4,756 to -€2,054
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 | €293,409 | €275,003 | -€18,406 | -6.3% |
| Fixed assets | 21/28 | €152,374 | €151,223 | -€1,151 | -0.8% |
| Tangible fixed assets | 22/27 | €152,374 | €151,223 | -€1,151 | -0.8% |
| Plant, machinery and equipment | 23 | €10,052 | €7,897 | -€2,155 | -21.4% |
| Furniture and vehicles | 24 | €4,581 | €3,505 | -€1,076 | -23.5% |
| Other tangible fixed assets | 26 | €137,741 | €139,821 | +€2,080 | +1.5% |
| Current assets | 29/58 | €141,035 | €123,780 | -€17,255 | -12.2% |
| Amounts receivable within one year | 40/41 | €72,128 | €22,372 | -€49,755 | -69.0% |
| Trade receivables | 40 | €59,557 | €17,345 | -€42,212 | -70.9% |
| Other amounts receivable | 41 | €12,570 | €5,027 | -€7,543 | -60.0% |
| Cash at bank and in hand | 54/58 | €68,907 | €48,596 | -€20,311 | -29.5% |
| Deferred charges and accrued income | 490/1 | - | €52,812 | +€52,812 | |
| Total equity and liabilities | 10/49 | €293,409 | €275,003 | -€18,406 | -6.3% |
| Equity | 10/15 | €38,815 | -€6,769 | -€45,584 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,815 | -€26,769 | -€45,584 | |
| Amounts payable | 17/49 | €254,595 | €281,773 | +€27,178 | +10.7% |
| Amounts payable within one year | 42/48 | €254,595 | €274,722 | +€20,128 | +7.9% |
| Trade debts | 44 | €19,657 | €17,146 | -€2,511 | -12.8% |
| Suppliers | 440/4 | €19,657 | €17,146 | -€2,511 | -12.8% |
| Advances received on contracts in progress | 46 | - | €55,981 | +€55,981 | |
| Taxes, remuneration and social security | 45 | €10,199 | €2,702 | -€7,496 | -73.5% |
| Taxes | 450/3 | €10,199 | €2,702 | -€7,496 | -73.5% |
| Other amounts payable | 47/48 | €224,739 | €198,893 | -€25,846 | -11.5% |
| Accrued charges and deferred income | 492/3 | - | €7,051 | +€7,051 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,382 | €46,151 | +€12,770 | +38.3% |
| Other operating charges | 640/8 | - | €300 | +€300 | |
| Gross operating margin | 9900 | €57,032 | -€637 | -€57,669 | |
| Operating profit (loss) | 9901 | €23,651 | -€47,088 | -€70,739 | |
| Financial income | 75/76B | €0 | €76 | +€76 | +760000.0% |
| Recurring financial income | 75 | €0 | €76 | +€76 | +760000.0% |
| Financial charges | 65/66B | €80 | €626 | +€547 | +685.1% |
| Recurring financial charges | 65 | €80 | €626 | +€547 | +685.1% |
| Profit (loss) for the period before taxes | 9903 | €23,571 | -€47,638 | -€71,210 | |
| Income taxes | 67/77 | €4,756 | -€2,054 | -€6,811 | |
| Profit (loss) for the period | 9904 | €18,815 | -€45,584 | -€64,399 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,815 | -€45,584 | -€64,399 |
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.