THE VALIDATION OFFICE: 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 VALIDATION OFFICE
Largest movements
- Cash -€60,908
down €60,908 (-35.3%), from €172,736 to €111,828
mainly Net result for the year (-€57,861) and Tax, wage and social debts (-€5,165)
- Receivables within one year -€4,587
down €4,587 (-23.8%), from €19,313 to €14,726
of which Other amounts receivable: -€4,587
- Profit (loss) carried forward -€57,861
down €57,861 (-426.5%), from -€13,566 to -€71,427
- Tax, wage and social debts -€5,165
down €5,165 (-57.6%), from €8,960 to €3,795
- Trade debts -€3,556
down €3,556 (-90.8%), from €3,917 to €361
- Other operating charges +€8,791
up €8,791 (+8139.4%), from €108 to €8,899
- Depreciation -€2,981
down €2,981 (-100.0%), from €2,981 to €0
- Gross operating margin +€1,249
up €1,249 (+2.5%), from -€49,485 to -€48,235
- Financial income +€669
new in 2024: €669
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 | €193,136 | €126,554 | -€66,582 | -34.5% |
| Fixed assets | 21/28 | €1,087 | €0 | -€1,087 | -100.0% |
| Tangible fixed assets | 22/27 | €1,087 | €0 | -€1,087 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,087 | €0 | -€1,087 | -100.0% |
| Current assets | 29/58 | €192,049 | €126,554 | -€65,495 | -34.1% |
| Amounts receivable within one year | 40/41 | €19,313 | €14,726 | -€4,587 | -23.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €19,313 | €14,726 | -€4,587 | -23.8% |
| Cash at bank and in hand | 54/58 | €172,736 | €111,828 | -€60,908 | -35.3% |
| Total equity and liabilities | 10/49 | €193,136 | €126,554 | -€66,582 | -34.5% |
| Equity | 10/15 | €180,259 | €122,398 | -€57,861 | -32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,225 | €175,225 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,844 | €37,844 | = | 0.0% |
| Distributable reserves | 133 | €135,521 | €135,521 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,566 | -€71,427 | -€57,861 | -426.5% |
| Amounts payable | 17/49 | €12,877 | €4,156 | -€8,721 | -67.7% |
| Amounts payable within one year | 42/48 | €12,877 | €4,156 | -€8,721 | -67.7% |
| Trade debts | 44 | €3,917 | €361 | -€3,556 | -90.8% |
| Suppliers | 440/4 | €3,917 | €361 | -€3,556 | -90.8% |
| Taxes, remuneration and social security | 45 | €8,960 | €3,795 | -€5,165 | -57.6% |
| Taxes | 450/3 | €8,960 | €3,795 | -€5,165 | -57.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,981 | €0 | -€2,981 | -100.0% |
| Other operating charges | 640/8 | €108 | €8,899 | +€8,791 | +8139.4% |
| Non-recurring operating charges | 66A | - | €1,087 | +€1,087 | |
| Gross operating margin | 9900 | -€49,485 | -€48,235 | +€1,249 | +2.5% |
| Operating profit (loss) | 9901 | -€52,574 | -€58,221 | -€5,647 | -10.7% |
| Financial income | 75/76B | - | €669 | +€669 | |
| Recurring financial income | 75 | - | €669 | +€669 | |
| Financial charges | 65/66B | €56 | €52 | -€4 | -6.5% |
| Recurring financial charges | 65 | €56 | €52 | -€4 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€52,630 | -€57,604 | -€4,974 | -9.5% |
| Income taxes | 67/77 | €200 | €257 | +€57 | +28.5% |
| Profit (loss) for the period | 9904 | -€52,830 | -€57,861 | -€5,031 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,830 | -€57,861 | -€5,031 | -9.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.