Anne Desodt: 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.
Anne Desodt
Largest movements
- Cash +€40,150
up €40,150 (+18.7%), from €214,995 to €255,145
mainly Net result for the year (+€78,723) and Depreciation (+€22,746)
- Tangible fixed assets -€16,708
down €16,708 (-21.7%), from €76,924 to €60,216
of which Land and buildings: -€8,949
- Reserves +€55,021
up €55,021 (+16.0%), from €343,169 to €398,190
- Other debts -€25,744
down €25,744 (-52.1%), from €49,446 to €23,702
- Debts after one year -€10,596
no longer reported in 2024 (was €10,596)
- Gross operating margin +€17,268
up €17,268 (+15.3%), from €113,066 to €130,333
- Taxes +€6,080
up €6,080 (+24.1%), from €25,203 to €31,283
- Financial income +€2,908
up €2,908 (+53.3%), from €5,451 to €8,359
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 | €451,349 | €472,147 | +€20,797 | +4.6% |
| Fixed assets | 21/28 | €76,924 | €60,216 | -€16,708 | -21.7% |
| Tangible fixed assets | 22/27 | €76,924 | €60,216 | -€16,708 | -21.7% |
| Land and buildings | 22 | €28,456 | €19,507 | -€8,949 | -31.4% |
| Plant, machinery and equipment | 23 | €26,964 | €24,195 | -€2,768 | -10.3% |
| Furniture and vehicles | 24 | €21,504 | €16,514 | -€4,990 | -23.2% |
| Current assets | 29/58 | €374,426 | €411,931 | +€37,505 | +10.0% |
| Amounts receivable within one year | 40/41 | €159,018 | €156,178 | -€2,841 | -1.8% |
| Other amounts receivable | 41 | €159,018 | €156,178 | -€2,841 | -1.8% |
| Cash at bank and in hand | 54/58 | €214,995 | €255,145 | +€40,150 | +18.7% |
| Deferred charges and accrued income | 490/1 | €413 | €609 | +€196 | +47.3% |
| Total equity and liabilities | 10/49 | €451,349 | €472,147 | +€20,797 | +4.6% |
| Equity | 10/15 | €361,769 | €416,790 | +€55,021 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €343,169 | €398,190 | +€55,021 | +16.0% |
| Distributable reserves | 133 | €343,169 | €398,190 | +€55,021 | +16.0% |
| Amounts payable | 17/49 | €89,580 | €55,356 | -€34,224 | -38.2% |
| Amounts payable after more than one year | 17 | €10,596 | - | -€10,596 | |
| Financial debts | 170/4 | €10,596 | - | -€10,596 | |
| Amounts payable within one year | 42/48 | €78,984 | €55,356 | -€23,628 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €10,513 | €10,607 | +€93 | +0.9% |
| Trade debts | 44 | €8,822 | €7,809 | -€1,014 | -11.5% |
| Suppliers | 440/4 | €8,822 | €7,809 | -€1,014 | -11.5% |
| Taxes, remuneration and social security | 45 | €10,203 | €13,239 | +€3,036 | +29.8% |
| Taxes | 450/3 | €10,203 | €13,239 | +€3,036 | +29.8% |
| Other amounts payable | 47/48 | €49,446 | €23,702 | -€25,744 | -52.1% |
| Remuneration, social security and pensions | 62 | €3,276 | €3,276 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,012 | €22,746 | +€733 | +3.3% |
| Other operating charges | 640/8 | €1,828 | €1,949 | +€121 | +6.6% |
| Gross operating margin | 9900 | €113,066 | €130,333 | +€17,268 | +15.3% |
| Operating profit (loss) | 9901 | €85,949 | €102,363 | +€16,414 | +19.1% |
| Financial income | 75/76B | €5,451 | €8,359 | +€2,908 | +53.3% |
| Recurring financial income | 75 | €5,451 | €8,359 | +€2,908 | +53.3% |
| Financial charges | 65/66B | €1,036 | €716 | -€320 | -30.9% |
| Recurring financial charges | 65 | €1,036 | €716 | -€320 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €90,364 | €110,006 | +€19,642 | +21.7% |
| Income taxes | 67/77 | €25,203 | €31,283 | +€6,080 | +24.1% |
| Profit (loss) for the period | 9904 | €65,161 | €78,723 | +€13,562 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,161 | €78,723 | +€13,562 | +20.8% |
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 27 October 2026 via checked.be.