WATCH MIDI: 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.
WATCH MIDI
Largest movements
- Stocks and contracts +€133,697
up €133,697 (+518.2%), from €25,803 to €159,500
- Receivables within one year -€7,541
no longer reported in 2024 (was €7,541)
- Cash -€7,518
down €7,518 (-77.1%), from €9,750 to €2,232
mainly Stocks and contracts (-€133,697) and Other debts (-€26,473)
- Trade debts +€141,185
up €141,185 (+288.2%), from €48,987 to €190,172
- Short-term financial debts +€30,857
new in 2024: €30,857
- Other debts -€26,473
down €26,473 (-26.9%), from €98,580 to €72,107
- Profit (loss) carried forward -€23,418
down €23,418 (-17.2%), from -€135,832 to -€159,250
- Tax, wage and social debts -€3,417
down €3,417 (-17.6%), from €19,371 to €15,954
of which Taxes: -€1,772
- Turnover +€49,910
up €49,910 (+47.5%), from €105,162 to €155,072
- Purchases and services +€46,081
up €46,081 (+35.8%), from €128,679 to €174,759
- Staff costs -€12,278
down €12,278 (-96.4%), from €12,732 to €454
- Financial charges -€5,114
down €5,114 (-63.9%), from €8,004 to €2,889
of which Non-recurring financial charges: -€6,537
- Gross operating margin +€3,830
up €3,830 (+16.3%), from -€23,517 to -€19,687
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 | €43,506 | €162,240 | +€118,734 | +272.9% |
| Fixed assets | 21/28 | €413 | €413 | = | 0.0% |
| Tangible fixed assets | 22/27 | €413 | €413 | = | 0.0% |
| Furniture and vehicles | 24 | €413 | €413 | = | 0.0% |
| Current assets | 29/58 | €43,093 | €161,827 | +€118,734 | +275.5% |
| Stocks and contracts in progress | 3 | €25,803 | €159,500 | +€133,697 | +518.2% |
| Stocks | 30/36 | €25,803 | €159,500 | +€133,697 | +518.2% |
| Amounts receivable within one year | 40/41 | €7,541 | - | -€7,541 | |
| Other amounts receivable | 41 | €7,541 | - | -€7,541 | |
| Cash at bank and in hand | 54/58 | €9,750 | €2,232 | -€7,518 | -77.1% |
| Deferred charges and accrued income | 490/1 | - | €95 | +€95 | |
| Total equity and liabilities | 10/49 | €43,506 | €162,240 | +€118,734 | +272.9% |
| Equity | 10/15 | -€123,432 | -€146,850 | -€23,418 | -19.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,832 | -€159,250 | -€23,418 | -17.2% |
| Amounts payable | 17/49 | €166,938 | €309,090 | +€142,152 | +85.2% |
| Amounts payable within one year | 42/48 | €166,938 | €309,090 | +€142,152 | +85.2% |
| Financial debts | 43 | - | €30,857 | +€30,857 | |
| Credit institutions | 430/8 | - | €30,857 | +€30,857 | |
| Trade debts | 44 | €48,987 | €190,172 | +€141,185 | +288.2% |
| Suppliers | 440/4 | €48,987 | €190,172 | +€141,185 | +288.2% |
| Taxes, remuneration and social security | 45 | €19,371 | €15,954 | -€3,417 | -17.6% |
| Taxes | 450/3 | €17,726 | €15,954 | -€1,772 | -10.0% |
| Remuneration and social security | 454/9 | €1,645 | - | -€1,645 | |
| Other amounts payable | 47/48 | €98,580 | €72,107 | -€26,473 | -26.9% |
| Turnover | 70 | €105,162 | €155,072 | +€49,910 | +47.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €128,679 | €174,759 | +€46,081 | +35.8% |
| Remuneration, social security and pensions | 62 | €12,732 | €454 | -€12,278 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413 | - | -€413 | |
| Other operating charges | 640/8 | €1,219 | €387 | -€832 | -68.2% |
| Gross operating margin | 9900 | -€23,517 | -€19,687 | +€3,830 | +16.3% |
| Operating profit (loss) | 9901 | -€37,881 | -€20,529 | +€17,352 | +45.8% |
| Financial charges | 65/66B | €8,004 | €2,889 | -€5,114 | -63.9% |
| Recurring financial charges | 65 | €1,404 | €2,826 | +€1,422 | +101.3% |
| Non-recurring financial charges | 66B | €6,600 | €63 | -€6,537 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | -€45,884 | -€23,418 | +€22,466 | +49.0% |
| Profit (loss) for the period | 9904 | -€45,884 | -€23,418 | +€22,466 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,884 | -€23,418 | +€22,466 | +49.0% |
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 8 October 2026 via checked.be.