UPDATE: 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.
UPDATE
Largest movements
- Stocks and contracts -€2,267
down €2,267 (-14.1%), from €16,051 to €13,784
- Cash -€2,192
down €2,192 (-67.5%), from €3,247 to €1,055
mainly Net result for the year (-€3,776) and Trade debts (-€526)
- Receivables within one year +€267
up €267 (+254.3%), from €105 to €372
- Profit (loss) carried forward -€3,776
down €3,776 (-6.3%), from -€59,745 to -€63,521
- Trade debts -€526
down €526 (-42.7%), from €1,231 to €705
- Turnover -€3,398
down €3,398 (-100.0%), from €3,398 to €0
- Purchases and services -€2,111
down €2,111 (-59.6%), from €3,543 to €1,432
- Gross operating margin -€1,287
down €1,287 (-887.6%), from -€145 to -€1,432
- Other operating charges -€384
no longer reported in 2024 (was €384)
- Financial charges -€123
down €123 (-60.9%), from €202 to €79
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 | €19,403 | €15,211 | -€4,192 | -21.6% |
| Current assets | 29/58 | €19,403 | €15,211 | -€4,192 | -21.6% |
| Stocks and contracts in progress | 3 | €16,051 | €13,784 | -€2,267 | -14.1% |
| Stocks | 30/36 | €16,051 | €13,784 | -€2,267 | -14.1% |
| Amounts receivable within one year | 40/41 | €105 | €372 | +€267 | +254.3% |
| Other amounts receivable | 41 | €105 | €372 | +€267 | +254.3% |
| Cash at bank and in hand | 54/58 | €3,247 | €1,055 | -€2,192 | -67.5% |
| Total equity and liabilities | 10/49 | €19,403 | €15,211 | -€4,192 | -21.6% |
| Equity | 10/15 | €6,255 | €2,479 | -€3,776 | -60.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Capital | 10 | €60,000 | €60,000 | = | 0.0% |
| Issued capital | 100 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Legal reserve | 130 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,745 | -€63,521 | -€3,776 | -6.3% |
| Amounts payable | 17/49 | €13,148 | €12,732 | -€416 | -3.2% |
| Amounts payable within one year | 42/48 | €13,148 | €12,732 | -€416 | -3.2% |
| Trade debts | 44 | €1,231 | €705 | -€526 | -42.7% |
| Suppliers | 440/4 | €1,231 | €705 | -€526 | -42.7% |
| Other amounts payable | 47/48 | €11,917 | €12,027 | +€110 | +0.9% |
| Turnover | 70 | €3,398 | €0 | -€3,398 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,543 | €1,432 | -€2,111 | -59.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,267 | €2,267 | = | 0.0% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | -€145 | -€1,432 | -€1,287 | -887.6% |
| Operating profit (loss) | 9901 | -€2,796 | -€3,699 | -€903 | -32.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €202 | €79 | -€123 | -60.9% |
| Recurring financial charges | 65 | €202 | €79 | -€123 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,998 | -€3,776 | -€778 | -26.0% |
| Profit (loss) for the period | 9904 | -€2,998 | -€3,776 | -€778 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,998 | -€3,776 | -€778 | -26.0% |
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 30 September 2026 via checked.be.