BART DEMUYNCK: 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.
BART DEMUYNCK
Largest movements
- Receivables within one year -€14,126
down €14,126 (-20.7%), from €68,311 to €54,185
of which Other amounts receivable: -€10,496
- Cash +€3,661
up €3,661 (+33.6%), from €10,880 to €14,541
mainly Receivables within one year (+€14,126) and Trade debts (+€609)
- Reserves -€22,732
down €22,732 (-46.4%), from €48,959 to €26,227
of which Distributable reserves: -€22,732
- Profit (loss) carried forward +€13,289
no longer reported in 2024 (was -€13,289)
- Accrued charges and deferred income -€2,085
no longer reported in 2024 (was €2,085)
- Gross operating margin +€8,676
up €8,676 (+62.3%), from -€13,936 to -€5,260
- Financial charges -€160
down €160 (-15.8%), from €1,012 to €851
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 | €81,484 | €71,019 | -€10,465 | -12.8% |
| Fixed assets | 21/28 | €290 | €290 | = | 0.0% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €81,194 | €70,730 | -€10,465 | -12.9% |
| Stocks and contracts in progress | 3 | €2,003 | €2,003 | = | 0.0% |
| Stocks | 30/36 | €2,003 | €2,003 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,311 | €54,185 | -€14,126 | -20.7% |
| Trade receivables | 40 | €37,567 | €33,937 | -€3,630 | -9.7% |
| Other amounts receivable | 41 | €30,743 | €20,248 | -€10,496 | -34.1% |
| Cash at bank and in hand | 54/58 | €10,880 | €14,541 | +€3,661 | +33.6% |
| Total equity and liabilities | 10/49 | €81,484 | €71,019 | -€10,465 | -12.8% |
| Equity | 10/15 | €54,262 | €44,819 | -€9,443 | -17.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €48,959 | €26,227 | -€22,732 | -46.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €47,100 | €24,368 | -€22,732 | -48.3% |
| Profit (loss) carried forward | 14 | -€13,289 | - | +€13,289 | |
| Amounts payable | 17/49 | €27,222 | €26,200 | -€1,021 | -3.8% |
| Amounts payable within one year | 42/48 | €25,137 | €26,200 | +€1,064 | +4.2% |
| Trade debts | 44 | €15,126 | €15,734 | +€609 | +4.0% |
| Suppliers | 440/4 | €15,126 | €15,734 | +€609 | +4.0% |
| Taxes, remuneration and social security | 45 | €10,011 | €10,466 | +€455 | +4.5% |
| Taxes | 450/3 | €10,011 | €10,466 | +€455 | +4.5% |
| Accrued charges and deferred income | 492/3 | €2,085 | - | -€2,085 | |
| Other operating charges | 640/8 | €3,483 | €3,366 | -€117 | -3.4% |
| Gross operating margin | 9900 | -€13,936 | -€5,260 | +€8,676 | +62.3% |
| Operating profit (loss) | 9901 | -€17,419 | -€8,626 | +€8,793 | +50.5% |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €1,012 | €851 | -€160 | -15.8% |
| Recurring financial charges | 65 | €1,012 | €851 | -€160 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,430 | -€9,443 | +€8,987 | +48.8% |
| Profit (loss) for the period | 9904 | -€18,430 | -€9,443 | +€8,987 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,430 | -€9,443 | +€8,987 | +48.8% |
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 18 October 2026 via checked.be.