Audrey Tielemans: 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.
Audrey Tielemans
Largest movements
- Cash +€57,164
up €57,164 (+7.0%), from €819,450 to €876,614
mainly Net result for the year (+€142,951) and Depreciation (+€25,405)
- Tangible fixed assets -€21,593
down €21,593 (-19.3%), from €111,766 to €90,173
- Deferred charges and accrued income +€13,375
up €13,375 (+1,107%), from €1,209 to €14,583
- Reserves +€142,951
up €142,951 (+17.8%), from €804,477 to €947,429
- Tax, wage and social debts -€37,009
down €37,009 (-71.9%), from €51,468 to €14,458
of which Taxes: -€43,739
- Trade debts -€28,844
down €28,844 (-65.6%), from €43,978 to €15,134
- Debts after one year -€25,279
down €25,279 (-46.0%), from €54,987 to €29,708
- Gross operating margin -€114,410
down €114,410 (-29.1%), from €392,798 to €278,388
- Taxes -€35,331
down €35,331 (-36.5%), from €96,734 to €61,403
- Staff costs -€10,736
down €10,736 (-21.9%), from €49,090 to €38,355
- Financial charges +€6,370
up €6,370 (+148%), from €4,310 to €10,680
- Other operating charges -€6,292
down €6,292 (-86.2%), from €7,299 to €1,007
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 | €995,164 | €1,044,408 | +€49,243 | +4.9% |
| Fixed assets | 21/28 | €111,766 | €90,173 | -€21,593 | -19.3% |
| Tangible fixed assets | 22/27 | €111,766 | €90,173 | -€21,593 | -19.3% |
| Plant, machinery and equipment | 23 | €54,645 | €46,278 | -€8,367 | -15.3% |
| Furniture and vehicles | 24 | €5,490 | €2,289 | -€3,201 | -58.3% |
| Other tangible fixed assets | 26 | €51,631 | €41,605 | -€10,025 | -19.4% |
| Current assets | 29/58 | €883,399 | €954,235 | +€70,837 | +8.0% |
| Amounts receivable within one year | 40/41 | €62,740 | €63,038 | +€298 | +0.5% |
| Trade receivables | 40 | €27,864 | €17,700 | -€10,164 | -36.5% |
| Other amounts receivable | 41 | €34,876 | €45,338 | +€10,462 | +30.0% |
| Cash at bank and in hand | 54/58 | €819,450 | €876,614 | +€57,164 | +7.0% |
| Deferred charges and accrued income | 490/1 | €1,209 | €14,583 | +€13,375 | +1,107% |
| Total equity and liabilities | 10/49 | €995,164 | €1,044,408 | +€49,243 | +4.9% |
| Equity | 10/15 | €816,877 | €959,829 | +€142,951 | +17.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €804,477 | €947,429 | +€142,951 | +17.8% |
| Distributable reserves | 133 | €804,477 | €947,429 | +€142,951 | +17.8% |
| Amounts payable | 17/49 | €178,287 | €84,579 | -€93,708 | -52.6% |
| Amounts payable after more than one year | 17 | €54,987 | €29,708 | -€25,279 | -46.0% |
| Financial debts | 170/4 | €54,987 | €29,708 | -€25,279 | -46.0% |
| Amounts payable within one year | 42/48 | €123,300 | €54,871 | -€68,430 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | €27,855 | €25,279 | -€2,576 | -9.2% |
| Trade debts | 44 | €43,978 | €15,134 | -€28,844 | -65.6% |
| Suppliers | 440/4 | €43,978 | €15,134 | -€28,844 | -65.6% |
| Taxes, remuneration and social security | 45 | €51,468 | €14,458 | -€37,009 | -71.9% |
| Taxes | 450/3 | €46,734 | €2,994 | -€43,739 | -93.6% |
| Remuneration and social security | 454/9 | €4,734 | €11,464 | +€6,730 | +142% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | €49,090 | €38,355 | -€10,736 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,428 | €25,405 | +€2,977 | +13.3% |
| Other operating charges | 640/8 | €7,299 | €1,007 | -€6,292 | -86.2% |
| Gross operating margin | 9900 | €392,798 | €278,388 | -€114,410 | -29.1% |
| Operating profit (loss) | 9901 | €313,980 | €213,621 | -€100,358 | -32.0% |
| Financial income | 75/76B | €1,275 | €1,413 | +€138 | +10.8% |
| Recurring financial income | 75 | €1,275 | €1,413 | +€138 | +10.8% |
| Financial charges | 65/66B | €4,310 | €10,680 | +€6,370 | +148% |
| Recurring financial charges | 65 | €4,310 | €10,680 | +€6,370 | +148% |
| Profit (loss) for the period before taxes | 9903 | €310,944 | €204,354 | -€106,590 | -34.3% |
| Income taxes | 67/77 | €96,734 | €61,403 | -€35,331 | -36.5% |
| Profit (loss) for the period | 9904 | €214,210 | €142,951 | -€71,259 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €214,210 | €142,951 | -€71,259 | -33.3% |
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 22 October 2026 via checked.be.