CARL DE MUNCK: 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.
CARL DE MUNCK
Largest movements
- Receivables within one year +€38,845
up €38,845 (+289%), from €13,434 to €52,279
of which Trade receivables: +€43,878
- Tangible fixed assets +€25,822
up €25,822 (+429%), from €6,024 to €31,846
of which Furniture and vehicles: +€29,990
- Cash +€12,718
up €12,718 (+89.8%), from €14,156 to €26,873
mainly Other debts (+€48,546) and Debts after one year (+€17,764)
- Other debts +€48,546
up €48,546 (+500%), from €9,707 to €58,253
- Debts after one year +€17,764
new in 2024: €17,764
- Current portion of long-term debt +€9,229
new in 2024: €9,229
- Tax, wage and social debts -€7,200
down €7,200 (-43.7%), from €16,461 to €9,261
of which Taxes: -€7,200
- Profit (loss) carried forward +€4,413
up €4,413 (+3.5%), from -€125,759 to -€121,347
- Gross operating margin +€20,669
up €20,669 (+44.1%), from €46,862 to €67,531
- Taxes +€4,464
up €4,464, from -€459 to €4,004
- Staff costs +€3,601
up €3,601 (+7.8%), from €46,462 to €50,063
- Financial charges -€677
down €677 (-39.2%), from €1,727 to €1,050
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 | €38,789 | €115,833 | +€77,044 | +199% |
| Fixed assets | 21/28 | €6,024 | €31,846 | +€25,822 | +429% |
| Tangible fixed assets | 22/27 | €6,024 | €31,846 | +€25,822 | +429% |
| Furniture and vehicles | 24 | €1,856 | €31,846 | +€29,990 | +1,616% |
| Other tangible fixed assets | 26 | €4,168 | - | -€4,168 | |
| Current assets | 29/58 | €32,765 | €83,987 | +€51,222 | +156% |
| Amounts receivable within one year | 40/41 | €13,434 | €52,279 | +€38,845 | +289% |
| Trade receivables | 40 | €3,751 | €47,629 | +€43,878 | +1,170% |
| Other amounts receivable | 41 | €9,683 | €4,650 | -€5,033 | -52.0% |
| Current investments | 50/53 | €4,709 | €4,709 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,156 | €26,873 | +€12,718 | +89.8% |
| Deferred charges and accrued income | 490/1 | €466 | €126 | -€341 | -73.1% |
| Total equity and liabilities | 10/49 | €38,789 | €115,833 | +€77,044 | +199% |
| Equity | 10/15 | €7,818 | €12,231 | +€4,413 | +56.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €121,177 | €121,177 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €100,568 | €100,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,759 | -€121,347 | +€4,413 | +3.5% |
| Amounts payable | 17/49 | €30,971 | €103,602 | +€72,631 | +235% |
| Amounts payable after more than one year | 17 | - | €17,764 | +€17,764 | |
| Financial debts | 170/4 | - | €17,764 | +€17,764 | |
| Amounts payable within one year | 42/48 | €30,971 | €85,838 | +€54,867 | +177% |
| Current portion of amounts payable after more than one year | 42 | - | €9,229 | +€9,229 | |
| Trade debts | 44 | €4,803 | €9,096 | +€4,293 | +89.4% |
| Suppliers | 440/4 | €4,803 | €9,096 | +€4,293 | +89.4% |
| Taxes, remuneration and social security | 45 | €16,461 | €9,261 | -€7,200 | -43.7% |
| Taxes | 450/3 | €11,166 | €3,965 | -€7,200 | -64.5% |
| Remuneration and social security | 454/9 | €5,295 | €5,295 | = | 0.0% |
| Other amounts payable | 47/48 | €9,707 | €58,253 | +€48,546 | +500% |
| Remuneration, social security and pensions | 62 | €46,462 | €50,063 | +€3,601 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,587 | €7,051 | -€536 | -7.1% |
| Other operating charges | 640/8 | €1,660 | €1,090 | -€570 | -34.4% |
| Gross operating margin | 9900 | €46,862 | €67,531 | +€20,669 | +44.1% |
| Operating profit (loss) | 9901 | -€8,847 | €9,326 | +€18,174 | |
| Financial income | 75/76B | €27 | €141 | +€113 | +412% |
| Recurring financial income | 75 | €27 | €141 | +€113 | +412% |
| Financial charges | 65/66B | €1,727 | €1,050 | -€677 | -39.2% |
| Recurring financial charges | 65 | €1,727 | €1,050 | -€677 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,547 | €8,417 | +€18,964 | |
| Income taxes | 67/77 | -€459 | €4,004 | +€4,464 | |
| Profit (loss) for the period | 9904 | -€10,087 | €4,413 | +€14,500 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,087 | €4,413 | +€14,500 |
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.