UPSIDE DOWN: 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.
UPSIDE DOWN
Largest movements
- Cash -€3,746
down €3,746 (-87.1%), from €4,301 to €555
mainly Other debts (-€9,357) and Investment in fixed assets (net) (-€2,500)
- Receivables within one year +€1,870
up €1,870 (+38.5%), from €4,858 to €6,727
of which Trade receivables: +€4,589
- Tangible fixed assets +€1,043
up €1,043 (+50.8%), from €2,053 to €3,095
of which Furniture and vehicles: +€1,709
- Deferred charges and accrued income -€777
down €777 (-87.4%), from €889 to €112
- Other debts -€9,357
down €9,357 (-80.3%), from €11,651 to €2,293
- Short-term financial debts +€6,187
up €6,187 (+642.1%), from €964 to €7,150
- Profit (loss) carried forward +€1,164
up €1,164 (+4.9%), from -€23,867 to -€22,703
- Trade debts +€355
up €355 (+12.2%), from €2,901 to €3,256
- Gross operating margin -€25,345
down €25,345 (-83.0%), from €30,533 to €5,188
- Write-downs -€3,120
no longer reported in 2024 (was €3,120)
- Financial charges +€605
up €605 (+107.7%), from €562 to €1,167
- Other operating charges -€408
down €408 (-22.6%), from €1,809 to €1,400
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 | €12,100 | €10,490 | -€1,610 | -13.3% |
| Fixed assets | 21/28 | €2,053 | €3,095 | +€1,043 | +50.8% |
| Tangible fixed assets | 22/27 | €2,053 | €3,095 | +€1,043 | +50.8% |
| Plant, machinery and equipment | 23 | €1,156 | €489 | -€667 | -57.7% |
| Furniture and vehicles | 24 | €896 | €2,606 | +€1,709 | +190.7% |
| Current assets | 29/58 | €10,047 | €7,394 | -€2,653 | -26.4% |
| Amounts receivable within one year | 40/41 | €4,858 | €6,727 | +€1,870 | +38.5% |
| Trade receivables | 40 | €891 | €5,480 | +€4,589 | +515.0% |
| Other amounts receivable | 41 | €3,966 | €1,247 | -€2,719 | -68.6% |
| Cash at bank and in hand | 54/58 | €4,301 | €555 | -€3,746 | -87.1% |
| Deferred charges and accrued income | 490/1 | €889 | €112 | -€777 | -87.4% |
| Total equity and liabilities | 10/49 | €12,100 | €10,490 | -€1,610 | -13.3% |
| Equity | 10/15 | -€3,416 | -€2,252 | +€1,164 | +34.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,867 | -€22,703 | +€1,164 | +4.9% |
| Amounts payable | 17/49 | €15,515 | €12,741 | -€2,774 | -17.9% |
| Amounts payable within one year | 42/48 | €15,515 | €12,741 | -€2,774 | -17.9% |
| Financial debts | 43 | €964 | €7,150 | +€6,187 | +642.1% |
| Credit institutions | 430/8 | €964 | €7,150 | +€6,187 | +642.1% |
| Trade debts | 44 | €2,901 | €3,256 | +€355 | +12.2% |
| Suppliers | 440/4 | €2,901 | €3,256 | +€355 | +12.2% |
| Taxes, remuneration and social security | 45 | - | €41 | +€41 | |
| Taxes | 450/3 | - | €41 | +€41 | |
| Other amounts payable | 47/48 | €11,651 | €2,293 | -€9,357 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,448 | €1,457 | +€9 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,120 | - | -€3,120 | |
| Other operating charges | 640/8 | €1,809 | €1,400 | -€408 | -22.6% |
| Gross operating margin | 9900 | €30,533 | €5,188 | -€25,345 | -83.0% |
| Operating profit (loss) | 9901 | €24,157 | €2,331 | -€21,826 | -90.4% |
| Financial charges | 65/66B | €562 | €1,167 | +€605 | +107.7% |
| Recurring financial charges | 65 | €562 | €1,167 | +€605 | +107.7% |
| Profit (loss) for the period before taxes | 9903 | €23,595 | €1,164 | -€22,431 | -95.1% |
| Profit (loss) for the period | 9904 | €23,595 | €1,164 | -€22,431 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,595 | €1,164 | -€22,431 | -95.1% |
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 1 October 2026 via checked.be.