TOTSPOT: 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.
TOTSPOT
Largest movements
- Stocks and contracts -€435,691
down €435,691 (-43.4%), from €1.0m to €568,858
- Receivables within one year -€74,383
down €74,383 (-40.6%), from €183,326 to €108,943
of which Other amounts receivable: -€60,547
- Intangible fixed assets -€70,023
down €70,023 (-25.6%), from €273,435 to €203,412
- Cash -€57,912
down €57,912 (-48.3%), from €119,885 to €61,973
mainly Net result for the year (-€750,116) and Debts after one year (-€266,519)
- Tangible fixed assets -€46,185
down €46,185 (-12.9%), from €359,221 to €313,036
of which Other tangible fixed assets: -€41,893
- Profit (loss) carried forward -€750,116
down €750,116 (-173.2%), from -€433,127 to -€1.2m
- Debts after one year -€266,519
down €266,519 (-37.3%), from €714,974 to €448,455
- Trade debts +€182,535
up €182,535 (+54.4%), from €335,728 to €518,263
- Short-term financial debts +€75,671
new in 2024: €75,671
- Other debts +€51,210
up €51,210 (+19.7%), from €259,524 to €310,733
- Gross operating margin -€609,416
down €609,416 (-59.5%), from €1.0m to €414,759
- Staff costs -€81,413
down €81,413 (-7.7%), from €1.1m to €980,760
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 | €1,999,265 | €1,275,821 | -€723,444 | -36.2% |
| Fixed assets | 21/28 | €649,156 | €532,948 | -€116,208 | -17.9% |
| Intangible fixed assets | 21 | €273,435 | €203,412 | -€70,023 | -25.6% |
| Tangible fixed assets | 22/27 | €359,221 | €313,036 | -€46,185 | -12.9% |
| Land and buildings | 22 | €27,936 | €26,475 | -€1,461 | -5.2% |
| Plant, machinery and equipment | 23 | €18,227 | €12,101 | -€6,126 | -33.6% |
| Furniture and vehicles | 24 | €8,136 | €11,431 | +€3,295 | +40.5% |
| Other tangible fixed assets | 26 | €304,921 | €263,028 | -€41,893 | -13.7% |
| Financial fixed assets | 28 | €16,500 | €16,500 | = | 0.0% |
| Current assets | 29/58 | €1,350,109 | €742,873 | -€607,236 | -45.0% |
| Stocks and contracts in progress | 3 | €1,004,549 | €568,858 | -€435,691 | -43.4% |
| Stocks | 30/36 | €1,004,549 | €568,858 | -€435,691 | -43.4% |
| Amounts receivable within one year | 40/41 | €183,326 | €108,943 | -€74,383 | -40.6% |
| Trade receivables | 40 | €71,136 | €57,300 | -€13,836 | -19.4% |
| Other amounts receivable | 41 | €112,190 | €51,643 | -€60,547 | -54.0% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €119,885 | €61,973 | -€57,912 | -48.3% |
| Deferred charges and accrued income | 490/1 | €42,099 | €2,849 | -€39,250 | -93.2% |
| Total equity and liabilities | 10/49 | €1,999,265 | €1,275,821 | -€723,444 | -36.2% |
| Equity | 10/15 | €208,373 | -€541,744 | -€750,116 | |
| Contributions | 10/11 | €12,000 | €12,000 | +€0 | 0.0% |
| Reserves | 13 | €629,500 | €629,500 | = | 0.0% |
| Distributable reserves | 133 | €629,500 | €629,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€433,127 | -€1,183,244 | -€750,116 | -173.2% |
| Amounts payable | 17/49 | €1,790,892 | €1,817,564 | +€26,672 | +1.5% |
| Amounts payable after more than one year | 17 | €714,974 | €448,455 | -€266,519 | -37.3% |
| Financial debts | 170/4 | €714,974 | €448,455 | -€266,519 | -37.3% |
| Amounts payable within one year | 42/48 | €1,067,107 | €1,362,148 | +€295,041 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €176,625 | €176,519 | -€106 | -0.1% |
| Financial debts | 43 | - | €75,671 | +€75,671 | |
| Credit institutions | 430/8 | - | €75,671 | +€75,671 | |
| Trade debts | 44 | €335,728 | €518,263 | +€182,535 | +54.4% |
| Suppliers | 440/4 | €335,728 | €518,263 | +€182,535 | +54.4% |
| Advances received on contracts in progress | 46 | €14,559 | €3,917 | -€10,642 | -73.1% |
| Taxes, remuneration and social security | 45 | €280,671 | €277,044 | -€3,627 | -1.3% |
| Taxes | 450/3 | €157,256 | €128,497 | -€28,759 | -18.3% |
| Remuneration and social security | 454/9 | €123,415 | €148,547 | +€25,132 | +20.4% |
| Other amounts payable | 47/48 | €259,524 | €310,733 | +€51,210 | +19.7% |
| Accrued charges and deferred income | 492/3 | €8,811 | €6,962 | -€1,850 | -21.0% |
| Non-recurring operating income | 76A | €14,330 | - | -€14,330 | |
| Remuneration, social security and pensions | 62 | €1,062,173 | €980,760 | -€81,413 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,147 | €135,721 | +€7,574 | +5.9% |
| Other operating charges | 640/8 | €27,276 | €22,221 | -€5,056 | -18.5% |
| Non-recurring operating charges | 66A | €2,432 | - | -€2,432 | |
| Gross operating margin | 9900 | €1,024,176 | €414,759 | -€609,416 | -59.5% |
| Operating profit (loss) | 9901 | -€195,853 | -€723,942 | -€528,089 | -269.6% |
| Financial income | 75/76B | €8,615 | €12,601 | +€3,986 | +46.3% |
| Recurring financial income | 75 | €8,615 | €12,601 | +€3,986 | +46.3% |
| Financial charges | 65/66B | €35,726 | €38,151 | +€2,425 | +6.8% |
| Recurring financial charges | 65 | €35,726 | €38,151 | +€2,425 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | -€222,964 | -€749,493 | -€526,528 | -236.1% |
| Income taxes | 67/77 | €860 | €624 | -€237 | -27.5% |
| Profit (loss) for the period | 9904 | -€223,825 | -€750,116 | -€526,292 | -235.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€223,825 | -€750,116 | -€526,292 | -235.1% |
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 11 October 2026 via checked.be.