TRADITIONS: 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.
TRADITIONS
Largest movements
- Cash -€1,316
down €1,316 (-77.8%), from €1,693 to €376
mainly Net result for the year (-€10,452) and Trade debts (-€5,643)
- Tangible fixed assets +€747
up €747 (+72.7%), from €1,028 to €1,775
of which Furniture and vehicles: +€1,254
- Stocks and contracts -€669
down €669 (-3.4%), from €19,818 to €19,150
- Deferred charges and accrued income -€483
no longer reported in 2024 (was €483)
- Other debts +€16,038
up €16,038 (+187%), from €8,564 to €24,603
- Profit (loss) carried forward -€10,452
down €10,452 (-639%), from -€1,637 to -€12,088
- Trade debts -€5,643
down €5,643 (-62.4%), from €9,037 to €3,394
- Tax, wage and social debts -€1,907
down €1,907 (-21.7%), from €8,800 to €6,892
of which Remuneration and social security: -€3,218
- Gross operating margin -€4,570
down €4,570 (-64.3%), from €7,107 to €2,538
- Staff costs -€2,599
down €2,599 (-21.2%), from €12,277 to €9,678
- Taxes -€1,183
no longer reported in 2024 (was €1,183)
- Other operating charges +€1,092
up €1,092 (+119%), from €916 to €2,009
- Depreciation +€230
up €230 (+26.0%), from €883 to €1,113
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 | €24,764 | €22,800 | -€1,964 | -7.9% |
| Fixed assets | 21/28 | €1,028 | €1,775 | +€747 | +72.7% |
| Tangible fixed assets | 22/27 | €1,028 | €1,775 | +€747 | +72.7% |
| Plant, machinery and equipment | 23 | €565 | €58 | -€507 | -89.7% |
| Furniture and vehicles | 24 | €463 | €1,717 | +€1,254 | +271% |
| Current assets | 29/58 | €23,736 | €21,026 | -€2,711 | -11.4% |
| Stocks and contracts in progress | 3 | €19,818 | €19,150 | -€669 | -3.4% |
| Stocks | 30/36 | €19,818 | €19,150 | -€669 | -3.4% |
| Amounts receivable within one year | 40/41 | €1,742 | €1,500 | -€242 | -13.9% |
| Trade receivables | 40 | €1,742 | - | -€1,742 | |
| Other amounts receivable | 41 | - | €1,500 | +€1,500 | |
| Cash at bank and in hand | 54/58 | €1,693 | €376 | -€1,316 | -77.8% |
| Deferred charges and accrued income | 490/1 | €483 | - | -€483 | |
| Total equity and liabilities | 10/49 | €24,764 | €22,800 | -€1,964 | -7.9% |
| Equity | 10/15 | -€1,637 | -€12,088 | -€10,452 | -639% |
| Profit (loss) carried forward | 14 | -€1,637 | -€12,088 | -€10,452 | -639% |
| Amounts payable | 17/49 | €26,401 | €34,889 | +€8,488 | +32.2% |
| Amounts payable within one year | 42/48 | €26,401 | €34,889 | +€8,488 | +32.2% |
| Trade debts | 44 | €9,037 | €3,394 | -€5,643 | -62.4% |
| Suppliers | 440/4 | €9,037 | €3,394 | -€5,643 | -62.4% |
| Taxes, remuneration and social security | 45 | €8,800 | €6,892 | -€1,907 | -21.7% |
| Taxes | 450/3 | €1,175 | €2,485 | +€1,311 | +112% |
| Remuneration and social security | 454/9 | €7,625 | €4,407 | -€3,218 | -42.2% |
| Other amounts payable | 47/48 | €8,564 | €24,603 | +€16,038 | +187% |
| Remuneration, social security and pensions | 62 | €12,277 | €9,678 | -€2,599 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €883 | €1,113 | +€230 | +26.0% |
| Other operating charges | 640/8 | €916 | €2,009 | +€1,092 | +119% |
| Gross operating margin | 9900 | €7,107 | €2,538 | -€4,570 | -64.3% |
| Operating profit (loss) | 9901 | -€6,969 | -€10,261 | -€3,293 | -47.2% |
| Financial income | 75/76B | €227 | - | -€227 | |
| Recurring financial income | 75 | €227 | - | -€227 | |
| Financial charges | 65/66B | €178 | €191 | +€13 | +7.2% |
| Recurring financial charges | 65 | €178 | €191 | +€13 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,919 | -€10,452 | -€3,533 | -51.1% |
| Income taxes | 67/77 | €1,183 | - | -€1,183 | |
| Profit (loss) for the period | 9904 | -€8,101 | -€10,452 | -€2,350 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,101 | -€10,452 | -€2,350 | -29.0% |
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 15 October 2026 via checked.be.