Andreas De Schryver: 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.
Andreas De Schryver
Largest movements
- Cash +€43,784
up €43,784 (+22.4%), from €195,257 to €239,041
mainly Net result for the year (+€85,525) and Other debts (+€32,155)
- Deferred charges and accrued income +€21,618
up €21,618 (+41.8%), from €51,706 to €73,324
- Receivables within one year -€10,903
down €10,903 (-35.7%), from €30,561 to €19,658
of which Trade receivables: -€8,592
- Stocks and contracts -€6,403
down €6,403 (-43.8%), from €14,629 to €8,225
- Tangible fixed assets +€3,719
up €3,719 (+66.5%), from €5,590 to €9,309
of which Other tangible fixed assets: +€5,962
- Other debts +€32,155
up €32,155 (+9,314%), from €345 to €32,500
- Reserves +€30,000
up €30,000 (+11.9%), from €251,855 to €281,855
of which Distributable reserves: +€30,000
- Profit (loss) carried forward -€4,475
down €4,475 (-79.0%), from €5,667 to €1,192
- Gross operating margin +€30,163
up €30,163 (+25.0%), from €120,879 to €151,042
- Taxes +€7,263
up €7,263 (+45.0%), from €16,122 to €23,384
- Depreciation -€2,123
down €2,123 (-44.3%), from €4,790 to €2,667
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 | €298,694 | €350,509 | +€51,815 | +17.3% |
| Fixed assets | 21/28 | €6,541 | €10,260 | +€3,719 | +56.9% |
| Tangible fixed assets | 22/27 | €5,590 | €9,309 | +€3,719 | +66.5% |
| Land and buildings | 22 | €375 | €0 | -€375 | -100% |
| Plant, machinery and equipment | 23 | €1,522 | €928 | -€594 | -39.1% |
| Furniture and vehicles | 24 | €2,404 | €1,130 | -€1,274 | -53.0% |
| Other tangible fixed assets | 26 | €1,290 | €7,252 | +€5,962 | +462% |
| Financial fixed assets | 28 | €951 | €951 | = | 0.0% |
| Current assets | 29/58 | €292,153 | €340,248 | +€48,096 | +16.5% |
| Stocks and contracts in progress | 3 | €14,629 | €8,225 | -€6,403 | -43.8% |
| Stocks | 30/36 | €14,629 | €8,225 | -€6,403 | -43.8% |
| Amounts receivable within one year | 40/41 | €30,561 | €19,658 | -€10,903 | -35.7% |
| Trade receivables | 40 | €21,730 | €13,138 | -€8,592 | -39.5% |
| Other amounts receivable | 41 | €8,831 | €6,520 | -€2,311 | -26.2% |
| Cash at bank and in hand | 54/58 | €195,257 | €239,041 | +€43,784 | +22.4% |
| Deferred charges and accrued income | 490/1 | €51,706 | €73,324 | +€21,618 | +41.8% |
| Total equity and liabilities | 10/49 | €298,694 | €350,509 | +€51,815 | +17.3% |
| Equity | 10/15 | €276,072 | €301,597 | +€25,525 | +9.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €251,855 | €281,855 | +€30,000 | +11.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €280,000 | +€30,000 | +12.0% |
| Profit (loss) carried forward | 14 | €5,667 | €1,192 | -€4,475 | -79.0% |
| Provisions and deferred taxes | 16 | €1,500 | €1,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,500 | €1,500 | = | 0.0% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable | 17/49 | €21,122 | €47,411 | +€26,290 | +124% |
| Amounts payable within one year | 42/48 | €18,308 | €47,411 | +€29,103 | +159% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,715 | €2,517 | -€199 | -7.3% |
| Suppliers | 440/4 | €2,715 | €2,517 | -€199 | -7.3% |
| Taxes, remuneration and social security | 45 | €15,247 | €12,395 | -€2,852 | -18.7% |
| Taxes | 450/3 | €7,067 | €5,557 | -€1,510 | -21.4% |
| Remuneration and social security | 454/9 | €8,181 | €6,838 | -€1,343 | -16.4% |
| Other amounts payable | 47/48 | €345 | €32,500 | +€32,155 | +9,314% |
| Accrued charges and deferred income | 492/3 | €2,814 | €0 | -€2,814 | -100% |
| Remuneration, social security and pensions | 62 | €39,288 | €38,305 | -€983 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,790 | €2,667 | -€2,123 | -44.3% |
| Other operating charges | 640/8 | €770 | €831 | +€61 | +8.0% |
| Gross operating margin | 9900 | €120,879 | €151,042 | +€30,163 | +25.0% |
| Operating profit (loss) | 9901 | €76,032 | €109,240 | +€33,208 | +43.7% |
| Financial income | 75/76B | €1 | €152 | +€152 | +25,250% |
| Recurring financial income | 75 | €1 | €152 | +€152 | +25,250% |
| Financial charges | 65/66B | €726 | €483 | -€244 | -33.5% |
| Recurring financial charges | 65 | €726 | €483 | -€244 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €75,306 | €108,909 | +€33,603 | +44.6% |
| Income taxes | 67/77 | €16,122 | €23,384 | +€7,263 | +45.0% |
| Profit (loss) for the period | 9904 | €59,184 | €85,525 | +€26,340 | +44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,184 | €85,525 | +€26,340 | +44.5% |
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 21 October 2026 via checked.be.