Wage Project: 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.
Wage Project
Largest movements
- Receivables within one year -€31,128
down €31,128 (-68.5%), from €45,470 to €14,342
of which Trade receivables: -€26,968
- Cash -€22,321
down €22,321 (-52.8%), from €42,256 to €19,935
mainly Other debts (-€25,901) and Tax, wage and social debts (-€11,419)
- Current investments +€5,700
up €5,700 (+300.0%), from €1,900 to €7,600
- Tangible fixed assets -€1,961
down €1,961 (-36.3%), from €5,396 to €3,435
- Other debts -€25,901
down €25,901 (-56.5%), from €45,816 to €19,915
- Tax, wage and social debts -€11,419
down €11,419 (-74.1%), from €15,414 to €3,996
- Trade debts -€4,645
down €4,645 (-94.9%), from €4,896 to €252
- Current portion of long-term debt -€4,448
no longer reported in 2024 (was €4,448)
- Reserves -€4,101
down €4,101 (-17.5%), from €23,382 to €19,281
- Gross operating margin -€65,196
down €65,196 (-99.6%), from €65,489 to €292
- Taxes -€12,650
down €12,650 (-91.4%), from €13,839 to €1,189
- Depreciation -€4,927
down €4,927 (-71.5%), from €6,889 to €1,961
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 | €96,957 | €47,360 | -€49,597 | -51.2% |
| Fixed assets | 21/28 | €5,596 | €3,635 | -€1,961 | -35.0% |
| Tangible fixed assets | 22/27 | €5,396 | €3,435 | -€1,961 | -36.3% |
| Furniture and vehicles | 24 | €5,396 | €3,435 | -€1,961 | -36.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €91,361 | €43,725 | -€47,636 | -52.1% |
| Amounts receivable within one year | 40/41 | €45,470 | €14,342 | -€31,128 | -68.5% |
| Trade receivables | 40 | €41,309 | €14,342 | -€26,968 | -65.3% |
| Other amounts receivable | 41 | €4,161 | - | -€4,161 | |
| Current investments | 50/53 | €1,900 | €7,600 | +€5,700 | +300.0% |
| Cash at bank and in hand | 54/58 | €42,256 | €19,935 | -€22,321 | -52.8% |
| Deferred charges and accrued income | 490/1 | €1,735 | €1,848 | +€113 | +6.5% |
| Total equity and liabilities | 10/49 | €96,957 | €47,360 | -€49,597 | -51.2% |
| Equity | 10/15 | €26,382 | €22,281 | -€4,101 | -15.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,382 | €19,281 | -€4,101 | -17.5% |
| Distributable reserves | 133 | €23,382 | €19,281 | -€4,101 | -17.5% |
| Amounts payable | 17/49 | €70,575 | €25,078 | -€45,497 | -64.5% |
| Amounts payable within one year | 42/48 | €70,575 | €24,162 | -€46,413 | -65.8% |
| Current portion of amounts payable after more than one year | 42 | €4,448 | - | -€4,448 | |
| Trade debts | 44 | €4,896 | €252 | -€4,645 | -94.9% |
| Suppliers | 440/4 | €4,896 | €252 | -€4,645 | -94.9% |
| Taxes, remuneration and social security | 45 | €15,414 | €3,996 | -€11,419 | -74.1% |
| Taxes | 450/3 | €15,414 | €3,996 | -€11,419 | -74.1% |
| Other amounts payable | 47/48 | €45,816 | €19,915 | -€25,901 | -56.5% |
| Accrued charges and deferred income | 492/3 | - | €916 | +€916 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,889 | €1,961 | -€4,927 | -71.5% |
| Gross operating margin | 9900 | €65,489 | €292 | -€65,196 | -99.6% |
| Operating profit (loss) | 9901 | €58,600 | -€1,669 | -€60,269 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €808 | €1,242 | +€434 | +53.8% |
| Recurring financial charges | 65 | €808 | €1,242 | +€434 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | €57,792 | -€2,911 | -€60,704 | |
| Income taxes | 67/77 | €13,839 | €1,189 | -€12,650 | -91.4% |
| Profit (loss) for the period | 9904 | €43,953 | -€4,101 | -€48,053 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,953 | -€4,101 | -€48,053 |
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.