WE ARE UP: 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.
WE ARE UP
Largest movements
- Cash -€7,794
down €7,794 (-29.1%), from €26,826 to €19,032
mainly Trade debts (-€198,892) and Net result for the year (-€81,111)
- Receivables within one year +€6,383
up €6,383 (+29.6%), from €21,545 to €27,928
of which Other amounts receivable: +€6,435
- Tangible fixed assets -€2,577
down €2,577 (-1.7%), from €153,080 to €150,503
of which Plant, machinery and equipment: -€13,861
- Deferred charges and accrued income +€2,483
new in 2024: €2,483
- Tax, wage and social debts +€268,131
up €268,131 (+370%), from €72,403 to €340,534
of which Remuneration and social security: +€136,027
- Trade debts -€198,892
down €198,892 (-74.9%), from €265,546 to €66,654
- Profit (loss) carried forward -€81,111
down €81,111 (-56.9%), from -€142,467 to -€223,579
- Other debts +€10,900
up €10,900 (+33.3%), from €32,702 to €43,602
- Staff costs -€56,377
down €56,377 (-10.1%), from €556,283 to €499,905
- Gross operating margin -€36,078
down €36,078 (-6.8%), from €534,193 to €498,115
- Financial charges +€11,579
up €11,579 (+83.2%), from €13,917 to €25,495
- Depreciation +€6,916
up €6,916 (+26.1%), from €26,502 to €33,418
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 | €231,333 | €230,612 | -€721 | -0.3% |
| Fixed assets | 21/28 | €153,080 | €150,503 | -€2,577 | -1.7% |
| Tangible fixed assets | 22/27 | €153,080 | €150,503 | -€2,577 | -1.7% |
| Land and buildings | 22 | €63,830 | €57,619 | -€6,211 | -9.7% |
| Plant, machinery and equipment | 23 | €73,366 | €59,505 | -€13,861 | -18.9% |
| Furniture and vehicles | 24 | €15,884 | €22,421 | +€6,537 | +41.2% |
| Other tangible fixed assets | 26 | - | €10,958 | +€10,958 | |
| Current assets | 29/58 | €78,253 | €80,108 | +€1,855 | +2.4% |
| Stocks and contracts in progress | 3 | €29,882 | €30,666 | +€783 | +2.6% |
| Stocks | 30/36 | €29,882 | €30,666 | +€783 | +2.6% |
| Amounts receivable within one year | 40/41 | €21,545 | €27,928 | +€6,383 | +29.6% |
| Trade receivables | 40 | €11,405 | €11,353 | -€51 | -0.5% |
| Other amounts receivable | 41 | €10,140 | €16,575 | +€6,435 | +63.5% |
| Current investments | 50/53 | €0 | - | -€0 | |
| Cash at bank and in hand | 54/58 | €26,826 | €19,032 | -€7,794 | -29.1% |
| Deferred charges and accrued income | 490/1 | - | €2,483 | +€2,483 | |
| Total equity and liabilities | 10/49 | €231,333 | €230,612 | -€721 | -0.3% |
| Equity | 10/15 | -€139,467 | -€220,579 | -€81,111 | -58.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,467 | -€223,579 | -€81,111 | -56.9% |
| Amounts payable | 17/49 | €370,801 | €451,190 | +€80,390 | +21.7% |
| Amounts payable within one year | 42/48 | €370,801 | €451,190 | +€80,390 | +21.7% |
| Financial debts | 43 | €149 | €400 | +€251 | +169% |
| Credit institutions | 430/8 | €149 | €400 | +€251 | +169% |
| Trade debts | 44 | €265,546 | €66,654 | -€198,892 | -74.9% |
| Suppliers | 440/4 | €265,546 | €66,654 | -€198,892 | -74.9% |
| Taxes, remuneration and social security | 45 | €72,403 | €340,534 | +€268,131 | +370% |
| Taxes | 450/3 | €32,981 | €165,085 | +€132,104 | +401% |
| Remuneration and social security | 454/9 | €39,422 | €175,449 | +€136,027 | +345% |
| Other amounts payable | 47/48 | €32,702 | €43,602 | +€10,900 | +33.3% |
| Remuneration, social security and pensions | 62 | €556,283 | €499,905 | -€56,377 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,502 | €33,418 | +€6,916 | +26.1% |
| Other operating charges | 640/8 | €17,224 | €18,820 | +€1,597 | +9.3% |
| Non-recurring operating charges | 66A | €168 | €1,347 | +€1,179 | +702% |
| Gross operating margin | 9900 | €534,193 | €498,115 | -€36,078 | -6.8% |
| Operating profit (loss) | 9901 | -€65,984 | -€55,376 | +€10,608 | +16.1% |
| Financial income | 75/76B | €110 | €23 | -€87 | -79.3% |
| Recurring financial income | 75 | €110 | €23 | -€87 | -79.3% |
| Financial charges | 65/66B | €13,917 | €25,495 | +€11,579 | +83.2% |
| Recurring financial charges | 65 | €13,917 | €25,495 | +€11,579 | +83.2% |
| Profit (loss) for the period before taxes | 9903 | -€79,790 | -€80,848 | -€1,058 | -1.3% |
| Income taxes | 67/77 | - | €263 | +€263 | |
| Profit (loss) for the period | 9904 | -€79,790 | -€81,111 | -€1,321 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,790 | -€81,111 | -€1,321 | -1.7% |
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 17 October 2026 via checked.be.