The Two Continents: 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.
The Two Continents
Largest movements
- Cash -€8,494
down €8,494 (-100%), from €8,494 to €0
mainly Tax, wage and social debts (-€4,909) and Net result for the year (-€3,896)
- Tangible fixed assets -€733
down €733 (-71.6%), from €1,024 to €291
of which Furniture and vehicles: -€509
- Receivables within one year +€290
up €290, from €0 to €290
of which Other amounts receivable: +€290
- Tax, wage and social debts -€4,909
down €4,909 (-95.3%), from €5,154 to €245
- Profit (loss) carried forward -€3,896
down €3,896 (-30.5%), from -€12,795 to -€16,691
- Other debts -€1,390
down €1,390 (-12.5%), from €11,091 to €9,701
- Trade debts +€1,258
up €1,258 (+395%), from €319 to €1,576
- Gross operating margin +€6,878
up €6,878 (+75.5%), from -€9,106 to -€2,228
- Other operating charges -€2,084
down €2,084 (-74.9%), from €2,784 to €700
- Depreciation -€1,025
down €1,025 (-58.3%), from €1,758 to €733
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 | €9,969 | €1,031 | -€8,937 | -89.7% |
| Fixed assets | 21/28 | €1,474 | €741 | -€733 | -49.7% |
| Tangible fixed assets | 22/27 | €1,024 | €291 | -€733 | -71.6% |
| Plant, machinery and equipment | 23 | €515 | €291 | -€224 | -43.5% |
| Furniture and vehicles | 24 | €509 | €0 | -€509 | -100% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €8,494 | €290 | -€8,204 | -96.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €0 | €290 | +€290 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €290 | +€290 | |
| Cash at bank and in hand | 54/58 | €8,494 | €0 | -€8,494 | -100% |
| Total equity and liabilities | 10/49 | €9,969 | €1,031 | -€8,937 | -89.7% |
| Equity | 10/15 | -€6,595 | -€10,491 | -€3,896 | -59.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,795 | -€16,691 | -€3,896 | -30.5% |
| Amounts payable | 17/49 | €16,563 | €11,522 | -€5,041 | -30.4% |
| Amounts payable within one year | 42/48 | €16,563 | €11,522 | -€5,041 | -30.4% |
| Trade debts | 44 | €319 | €1,576 | +€1,258 | +395% |
| Suppliers | 440/4 | €319 | €1,576 | +€1,258 | +395% |
| Taxes, remuneration and social security | 45 | €5,154 | €245 | -€4,909 | -95.3% |
| Taxes | 450/3 | €5,154 | €245 | -€4,909 | -95.3% |
| Other amounts payable | 47/48 | €11,091 | €9,701 | -€1,390 | -12.5% |
| Remuneration, social security and pensions | 62 | €70 | €0 | -€70 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,758 | €733 | -€1,025 | -58.3% |
| Other operating charges | 640/8 | €2,784 | €700 | -€2,084 | -74.9% |
| Gross operating margin | 9900 | -€9,106 | -€2,228 | +€6,878 | +75.5% |
| Operating profit (loss) | 9901 | -€13,719 | -€3,661 | +€10,058 | +73.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €326 | €235 | -€91 | -27.9% |
| Recurring financial charges | 65 | €326 | €235 | -€91 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,045 | -€3,896 | +€10,149 | +72.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€14,045 | -€3,896 | +€10,149 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,045 | -€3,896 | +€10,149 | +72.3% |
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 18 October 2026 via checked.be.