BIRGER DECRAENE: 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.
BIRGER DECRAENE
Largest movements
- Receivables within one year +€16,841
up €16,841 (+200%), from €8,413 to €25,254
of which Trade receivables: +€16,195
- Cash +€16,619
up €16,619 (+35.5%), from €46,783 to €63,402
mainly Net result for the year (+€32,840) and Depreciation (+€5,241)
- Tangible fixed assets -€2,399
down €2,399 (-12.2%), from €19,667 to €17,268
- Reserves +€32,835
up €32,835 (+63.5%), from €51,671 to €84,506
- Tax, wage and social debts -€7,221
down €7,221 (-36.1%), from €20,007 to €12,787
of which Remuneration and social security: -€5,014
- Other debts +€4,256
up €4,256 (+156%), from €2,725 to €6,981
- Gross operating margin +€31,966
up €31,966 (+40.8%), from €78,332 to €110,298
- Taxes +€8,527
up €8,527 (+156%), from €5,474 to €14,001
- Financial charges +€1,589
up €1,589 (+122%), from €1,299 to €2,888
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 | €76,309 | €106,942 | +€30,633 | +40.1% |
| Fixed assets | 21/28 | €19,827 | €17,268 | -€2,559 | -12.9% |
| Tangible fixed assets | 22/27 | €19,667 | €17,268 | -€2,399 | -12.2% |
| Land and buildings | 22 | €4,288 | €3,693 | -€595 | -13.9% |
| Plant, machinery and equipment | 23 | €10,629 | €9,437 | -€1,192 | -11.2% |
| Furniture and vehicles | 24 | €4,749 | €4,137 | -€612 | -12.9% |
| Financial fixed assets | 28 | €160 | - | -€160 | |
| Current assets | 29/58 | €56,482 | €89,673 | +€33,192 | +58.8% |
| Amounts receivable within one year | 40/41 | €8,413 | €25,254 | +€16,841 | +200% |
| Trade receivables | 40 | €5,964 | €22,159 | +€16,195 | +272% |
| Other amounts receivable | 41 | €2,449 | €3,095 | +€646 | +26.4% |
| Cash at bank and in hand | 54/58 | €46,783 | €63,402 | +€16,619 | +35.5% |
| Deferred charges and accrued income | 490/1 | €1,286 | €1,018 | -€268 | -20.8% |
| Total equity and liabilities | 10/49 | €76,309 | €106,942 | +€30,633 | +40.1% |
| Equity | 10/15 | €53,171 | €86,011 | +€32,840 | +61.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €51,671 | €84,506 | +€32,835 | +63.5% |
| Distributable reserves | 133 | €51,671 | €84,506 | +€32,835 | +63.5% |
| Profit (loss) carried forward | 14 | - | €5 | +€5 | |
| Amounts payable | 17/49 | €23,138 | €20,931 | -€2,207 | -9.5% |
| Amounts payable within one year | 42/48 | €22,732 | €20,815 | -€1,917 | -8.4% |
| Trade debts | 44 | - | €1,048 | +€1,048 | |
| Suppliers | 440/4 | - | €1,048 | +€1,048 | |
| Taxes, remuneration and social security | 45 | €20,007 | €12,787 | -€7,221 | -36.1% |
| Taxes | 450/3 | €14,994 | €12,787 | -€2,207 | -14.7% |
| Remuneration and social security | 454/9 | €5,014 | - | -€5,014 | |
| Other amounts payable | 47/48 | €2,725 | €6,981 | +€4,256 | +156% |
| Accrued charges and deferred income | 492/3 | €406 | €116 | -€290 | -71.4% |
| Remuneration, social security and pensions | 62 | €53,802 | €53,634 | -€168 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,025 | €5,241 | +€217 | +4.3% |
| Other operating charges | 640/8 | €793 | €1,827 | +€1,034 | +130% |
| Gross operating margin | 9900 | €78,332 | €110,298 | +€31,966 | +40.8% |
| Operating profit (loss) | 9901 | €18,712 | €49,595 | +€30,883 | +165% |
| Financial income | 75/76B | €10 | €133 | +€123 | +1,255% |
| Recurring financial income | 75 | €10 | €133 | +€123 | +1,255% |
| Financial charges | 65/66B | €1,299 | €2,888 | +€1,589 | +122% |
| Recurring financial charges | 65 | €1,299 | €2,888 | +€1,589 | +122% |
| Profit (loss) for the period before taxes | 9903 | €17,424 | €46,841 | +€29,417 | +169% |
| Income taxes | 67/77 | €5,474 | €14,001 | +€8,527 | +156% |
| Profit (loss) for the period | 9904 | €11,949 | €32,840 | +€20,890 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €11,949 | €32,840 | +€20,890 | +175% |
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 29 October 2026 via checked.be.