88: what changed
88
Largest movements
- Cash -€12,452
down €12,452 (-62.5%), from €19,928 to €7,476
mainly Tax, wage and social debts (-€15,713) and Trade debts (-€13,457)
- Financial fixed assets -€3,150
no longer reported in 2024 (was €3,150)
- Tangible fixed assets -€1,029
down €1,029 (-40.3%), from €2,553 to €1,524
of which Furniture and vehicles: -€529
- Deferred charges and accrued income -€575
down €575 (-27.2%), from €2,116 to €1,541
- Debts after one year +€17,500
up €17,500 (+24.0%), from €73,000 to €90,500
- Tax, wage and social debts -€15,713
down €15,713 (-46.8%), from €33,609 to €17,897
of which Remuneration and social security: -€10,634
- Trade debts -€13,457
down €13,457 (-42.5%), from €31,681 to €18,224
- Profit (loss) carried forward -€5,078
down €5,078 (-4.3%), from -€117,825 to -€122,903
- Other debts -€520
down €520 (-82.0%), from €635 to €114
- Staff costs -€84,610
down €84,610 (-48.7%), from €173,855 to €89,245
- Gross operating margin -€56,179
down €56,179 (-38.3%), from €146,788 to €90,609
- Financial charges -€4,400
down €4,400 (-50.3%), from €8,748 to €4,349
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,565 | €16,231 | -€17,334 | -51.6% |
| Fixed assets | 21/28 | €5,703 | €1,524 | -€4,179 | -73.3% |
| Tangible fixed assets | 22/27 | €2,553 | €1,524 | -€1,029 | -40.3% |
| Furniture and vehicles | 24 | €1,311 | €782 | -€529 | -40.3% |
| Other tangible fixed assets | 26 | €1,242 | €742 | -€500 | -40.3% |
| Financial fixed assets | 28 | €3,150 | - | -€3,150 | |
| Current assets | 29/58 | €27,863 | €14,707 | -€13,156 | -47.2% |
| Amounts receivable within one year | 40/41 | €5,819 | €5,691 | -€129 | -2.2% |
| Trade receivables | 40 | €5,064 | €4,939 | -€125 | -2.5% |
| Other amounts receivable | 41 | €755 | €751 | -€4 | -0.5% |
| Cash at bank and in hand | 54/58 | €19,928 | €7,476 | -€12,452 | -62.5% |
| Deferred charges and accrued income | 490/1 | €2,116 | €1,541 | -€575 | -27.2% |
| Total equity and liabilities | 10/49 | €33,565 | €16,231 | -€17,334 | -51.6% |
| Equity | 10/15 | -€105,425 | -€110,503 | -€5,078 | -4.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,825 | -€122,903 | -€5,078 | -4.3% |
| Amounts payable | 17/49 | €138,991 | €126,734 | -€12,257 | -8.8% |
| Amounts payable after more than one year | 17 | €73,000 | €90,500 | +€17,500 | +24.0% |
| Other amounts payable | 178/9 | €73,000 | €90,500 | +€17,500 | +24.0% |
| Amounts payable within one year | 42/48 | €65,925 | €36,234 | -€29,690 | -45.0% |
| Trade debts | 44 | €31,681 | €18,224 | -€13,457 | -42.5% |
| Suppliers | 440/4 | €31,681 | €18,224 | -€13,457 | -42.5% |
| Taxes, remuneration and social security | 45 | €33,609 | €17,897 | -€15,713 | -46.8% |
| Taxes | 450/3 | €7,756 | €2,677 | -€5,079 | -65.5% |
| Remuneration and social security | 454/9 | €25,853 | €15,220 | -€10,634 | -41.1% |
| Other amounts payable | 47/48 | €635 | €114 | -€520 | -82.0% |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Remuneration, social security and pensions | 62 | €173,855 | €89,245 | -€84,610 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,384 | €1,029 | -€355 | -25.7% |
| Other operating charges | 640/8 | €2,675 | €1,351 | -€1,324 | -49.5% |
| Gross operating margin | 9900 | €146,788 | €90,609 | -€56,179 | -38.3% |
| Operating profit (loss) | 9901 | -€31,125 | -€1,015 | +€30,110 | +96.7% |
| Financial income | 75/76B | €537 | €286 | -€251 | -46.7% |
| Recurring financial income | 75 | €537 | €286 | -€251 | -46.7% |
| Financial charges | 65/66B | €8,748 | €4,349 | -€4,400 | -50.3% |
| Recurring financial charges | 65 | €8,748 | €4,349 | -€4,400 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | -€39,336 | -€5,078 | +€34,259 | +87.1% |
| Profit (loss) for the period | 9904 | -€39,336 | -€5,078 | +€34,259 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,336 | -€5,078 | +€34,259 | +87.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.