The Bridge: 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.
The Bridge
Largest movements
- Receivables within one year -€274,459
down €274,459 (-82.3%), from €333,503 to €59,043
- Cash -€15,122
down €15,122 (-71.3%), from €21,198 to €6,076
mainly Trade debts (-€307,802) and Smaller working-capital items (-€218)
- Trade debts -€307,802
down €307,802 (-96.8%), from €317,953 to €10,151
- Reserves +€14,849
up €14,849 (+66.6%), from €22,302 to €37,151
- Gross operating margin -€9,447
down €9,447 (-31.2%), from €30,328 to €20,881
- Taxes -€2,489
down €2,489 (-32.4%), from €7,680 to €5,191
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 | €356,243 | €66,841 | -€289,402 | -81.2% |
| Current assets | 29/58 | €356,243 | €66,841 | -€289,402 | -81.2% |
| Amounts receivable within one year | 40/41 | €333,503 | €59,043 | -€274,459 | -82.3% |
| Trade receivables | 40 | €333,503 | €59,043 | -€274,459 | -82.3% |
| Cash at bank and in hand | 54/58 | €21,198 | €6,076 | -€15,122 | -71.3% |
| Deferred charges and accrued income | 490/1 | €1,542 | €1,722 | +€179 | +11.6% |
| Total equity and liabilities | 10/49 | €356,243 | €66,841 | -€289,402 | -81.2% |
| Equity | 10/15 | €27,302 | €42,151 | +€14,849 | +54.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,302 | €37,151 | +€14,849 | +66.6% |
| Distributable reserves | 133 | €22,302 | €37,151 | +€14,849 | +66.6% |
| Amounts payable | 17/49 | €328,940 | €24,690 | -€304,251 | -92.5% |
| Amounts payable within one year | 42/48 | €328,901 | €24,690 | -€304,211 | -92.5% |
| Trade debts | 44 | €317,953 | €10,151 | -€307,802 | -96.8% |
| Suppliers | 440/4 | €317,953 | €10,151 | -€307,802 | -96.8% |
| Advances received on contracts in progress | 46 | - | €1,119 | +€1,119 | |
| Taxes, remuneration and social security | 45 | €10,591 | €13,063 | +€2,472 | +23.3% |
| Taxes | 450/3 | €10,591 | €13,063 | +€2,472 | +23.3% |
| Other amounts payable | 47/48 | €356 | €356 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €39 | - | -€39 | |
| Non-recurring operating income | 76A | - | €528 | +€528 | |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Non-recurring operating charges | 66A | - | €300 | +€300 | |
| Gross operating margin | 9900 | €30,328 | €20,881 | -€9,447 | -31.2% |
| Operating profit (loss) | 9901 | €30,213 | €20,455 | -€9,758 | -32.3% |
| Financial charges | 65/66B | €231 | €415 | +€184 | +79.8% |
| Recurring financial charges | 65 | €231 | €415 | +€184 | +79.8% |
| Profit (loss) for the period before taxes | 9903 | €29,982 | €20,039 | -€9,943 | -33.2% |
| Income taxes | 67/77 | €7,680 | €5,191 | -€2,489 | -32.4% |
| Profit (loss) for the period | 9904 | €22,302 | €14,849 | -€7,454 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,302 | €14,849 | -€7,454 | -33.4% |
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 7 October 2026 via checked.be.