UPSTREAM: 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.
UPSTREAM
Largest movements
- Deferred charges and accrued income -€24,100
down €24,100 (-100%), from €24,100 to €0
- Cash -€19,088
down €19,088 (-66.8%), from €28,587 to €9,499
mainly Net result for the year (-€21,475) and Trade debts (-€15,466)
- Receivables within one year +€4,381
up €4,381 (+3.7%), from €117,386 to €121,767
of which Trade receivables: +€6,216
- Reserves -€21,475
down €21,475 (-28.8%), from €74,468 to €52,993
of which Distributable reserves: -€21,475
- Trade debts -€15,466
down €15,466 (-61.3%), from €25,246 to €9,781
- Other debts -€3,765
down €3,765 (-10.4%), from €36,302 to €32,537
- Tax, wage and social debts +€1,898
up €1,898 (+12.3%), from €15,457 to €17,355
- Gross operating margin -€23,712
down €23,712, from €5,290 to -€18,422
- Financial charges +€1,603
up €1,603 (+194%), from €825 to €2,428
- Taxes -€1,599
down €1,599 (-100%), from €1,599 to €0
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 | €170,073 | €131,266 | -€38,807 | -22.8% |
| Current assets | 29/58 | €170,073 | €131,266 | -€38,807 | -22.8% |
| Amounts receivable within one year | 40/41 | €117,386 | €121,767 | +€4,381 | +3.7% |
| Trade receivables | 40 | €5,516 | €11,732 | +€6,216 | +113% |
| Other amounts receivable | 41 | €111,870 | €110,035 | -€1,835 | -1.6% |
| Cash at bank and in hand | 54/58 | €28,587 | €9,499 | -€19,088 | -66.8% |
| Deferred charges and accrued income | 490/1 | €24,100 | €0 | -€24,100 | -100% |
| Total equity and liabilities | 10/49 | €170,073 | €131,266 | -€38,807 | -22.8% |
| Equity | 10/15 | €93,068 | €71,593 | -€21,475 | -23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,468 | €52,993 | -€21,475 | -28.8% |
| Non-distributable reserves | 130/1 | €682 | €682 | = | 0.0% |
| Reserves not available under the articles | 1311 | €682 | €682 | = | 0.0% |
| Distributable reserves | 133 | €73,787 | €52,312 | -€21,475 | -29.1% |
| Amounts payable | 17/49 | €77,005 | €59,672 | -€17,332 | -22.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €77,005 | €59,672 | -€17,332 | -22.5% |
| Trade debts | 44 | €25,246 | €9,781 | -€15,466 | -61.3% |
| Suppliers | 440/4 | €25,246 | €9,781 | -€15,466 | -61.3% |
| Taxes, remuneration and social security | 45 | €15,457 | €17,355 | +€1,898 | +12.3% |
| Taxes | 450/3 | €15,457 | €17,355 | +€1,898 | +12.3% |
| Other amounts payable | 47/48 | €36,302 | €32,537 | -€3,765 | -10.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €510 | €631 | +€121 | +23.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €5,290 | -€18,422 | -€23,712 | |
| Operating profit (loss) | 9901 | €4,780 | -€19,053 | -€23,834 | |
| Financial income | 75/76B | €5 | €6 | +€1 | +10.3% |
| Recurring financial income | 75 | €5 | €6 | +€1 | +10.3% |
| Financial charges | 65/66B | €825 | €2,428 | +€1,603 | +194% |
| Recurring financial charges | 65 | €825 | €2,428 | +€1,603 | +194% |
| Profit (loss) for the period before taxes | 9903 | €3,961 | -€21,475 | -€25,436 | |
| Income taxes | 67/77 | €1,599 | €0 | -€1,599 | -100% |
| Profit (loss) for the period | 9904 | €2,361 | -€21,475 | -€23,836 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,361 | -€21,475 | -€23,836 |
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 13 October 2026 via checked.be.