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.
O25
Largest movements
- Stocks and contracts -€17,291
down €17,291 (-50.0%), from €34,581 to €17,291
- Intangible fixed assets -€7,432
down €7,432 (-32.8%), from €22,674 to €15,242
- Receivables within one year -€4,168
down €4,168 (-77.4%), from €5,384 to €1,216
of which Trade receivables: -€2,904
- Tangible fixed assets -€3,203
down €3,203 (-43.7%), from €7,323 to €4,120
of which Furniture and vehicles: -€2,505
- Profit (loss) carried forward -€39,838
down €39,838 (-8.8%), from -€451,030 to -€490,868
- Debts after one year +€8,400
up €8,400 (+10.4%), from €80,963 to €89,363
- Trade debts -€1,694
down €1,694 (-74.6%), from €2,272 to €578
- Other debts +€1,336
up €1,336 (+139.6%), from €957 to €2,293
- Financial charges -€17,169
down €17,169 (-98.5%), from €17,439 to €270
- Gross operating margin +€16,108
up €16,108 (+36.1%), from -€44,575 to -€28,467
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 | €70,525 | €38,729 | -€31,796 | -45.1% |
| Fixed assets | 21/28 | €29,997 | €19,362 | -€10,636 | -35.5% |
| Intangible fixed assets | 21 | €22,674 | €15,242 | -€7,432 | -32.8% |
| Tangible fixed assets | 22/27 | €7,323 | €4,120 | -€3,203 | -43.7% |
| Plant, machinery and equipment | 23 | €3,864 | €3,166 | -€698 | -18.1% |
| Furniture and vehicles | 24 | €3,459 | €954 | -€2,505 | -72.4% |
| Current assets | 29/58 | €40,527 | €19,367 | -€21,160 | -52.2% |
| Stocks and contracts in progress | 3 | €34,581 | €17,291 | -€17,291 | -50.0% |
| Stocks | 30/36 | €34,581 | €17,291 | -€17,291 | -50.0% |
| Amounts receivable within one year | 40/41 | €5,384 | €1,216 | -€4,168 | -77.4% |
| Trade receivables | 40 | €3,325 | €421 | -€2,904 | -87.3% |
| Other amounts receivable | 41 | €2,059 | €795 | -€1,264 | -61.4% |
| Cash at bank and in hand | 54/58 | €284 | €321 | +€37 | +13.0% |
| Deferred charges and accrued income | 490/1 | €279 | €540 | +€261 | +93.8% |
| Total equity and liabilities | 10/49 | €70,525 | €38,729 | -€31,796 | -45.1% |
| Equity | 10/15 | -€146,030 | -€185,868 | -€39,838 | -27.3% |
| Contributions | 10/11 | €305,000 | €305,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€451,030 | -€490,868 | -€39,838 | -8.8% |
| Amounts payable | 17/49 | €216,555 | €224,597 | +€8,042 | +3.7% |
| Amounts payable after more than one year | 17 | €80,963 | €89,363 | +€8,400 | +10.4% |
| Financial debts | 170/4 | €80,963 | €89,363 | +€8,400 | +10.4% |
| Amounts payable within one year | 42/48 | €135,592 | €135,234 | -€358 | -0.3% |
| Financial debts | 43 | €132,363 | €132,363 | = | 0.0% |
| Credit institutions | 430/8 | €132,363 | €132,363 | = | 0.0% |
| Trade debts | 44 | €2,272 | €578 | -€1,694 | -74.6% |
| Suppliers | 440/4 | €2,272 | €578 | -€1,694 | -74.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €957 | €2,293 | +€1,336 | +139.6% |
| Remuneration, social security and pensions | 62 | €81 | €110 | +€29 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,636 | €10,636 | = | 0.0% |
| Other operating charges | 640/8 | €462 | €387 | -€75 | -16.2% |
| Gross operating margin | 9900 | -€44,575 | -€28,467 | +€16,108 | +36.1% |
| Operating profit (loss) | 9901 | -€55,754 | -€39,600 | +€16,154 | +29.0% |
| Financial income | 75/76B | €11 | €32 | +€21 | +199.5% |
| Recurring financial income | 75 | €11 | €32 | +€21 | +199.5% |
| Financial charges | 65/66B | €17,439 | €270 | -€17,169 | -98.5% |
| Recurring financial charges | 65 | €17,439 | €270 | -€17,169 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | -€73,183 | -€39,838 | +€33,345 | +45.6% |
| Profit (loss) for the period | 9904 | -€73,183 | -€39,838 | +€33,345 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,183 | -€39,838 | +€33,345 | +45.6% |
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 26 September 2026 via checked.be.