D. & S.: what changed
Two fiscal 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.
D. & S.
Largest movements
- Tangible fixed assets -€29,131
down €29,131 (-38.6%), from €75,526 to €46,396
of which Furniture and vehicles: -€26,576
- Cash -€20,810
down €20,810 (-51.2%), from €40,670 to €19,860
mainly Debts after one year (-€77,895) and Net result for the year (-€50,027)
- Stocks and contracts +€12,000
up €12,000 (+57.2%), from €20,992 to €32,992
- Receivables within one year -€6,522
down €6,522 (-1.8%), from €368,330 to €361,809
of which Trade receivables: -€29,862
- Debts after one year -€77,895
down €77,895 (-47.4%), from €164,216 to €86,322
- Trade debts +€64,988
up €64,988 (+38.6%), from €168,375 to €233,363
- Profit (loss) carried forward -€50,027
down €50,027, from €0 to -€50,027
- Other debts +€31,657
up €31,657 (+284.0%), from €11,148 to €42,805
- Current portion of long-term debt -€7,084
down €7,084 (-15.8%), from €44,979 to €37,895
- Gross operating margin -€150,137
down €150,137 (-44.2%), from €340,035 to €189,897
- Staff costs -€85,341
down €85,341 (-29.9%), from €285,892 to €200,551
- Taxes -€5,044
down €5,044 (-87.8%), from €5,743 to €699
- Financial charges -€4,075
down €4,075 (-46.1%), from €8,838 to €4,764
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.
Cash bridge derived
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 | €509,024 | €467,438 | -€41,586 | -8.2% |
| Fixed assets | 21/28 | €76,026 | €46,896 | -€29,131 | -38.3% |
| Tangible fixed assets | 22/27 | €75,526 | €46,396 | -€29,131 | -38.6% |
| Land and buildings | 22 | €5,332 | €4,439 | -€893 | -16.8% |
| Plant, machinery and equipment | 23 | €4,050 | €2,389 | -€1,662 | -41.0% |
| Furniture and vehicles | 24 | €66,144 | €39,568 | -€26,576 | -40.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €432,997 | €420,542 | -€12,455 | -2.9% |
| Stocks and contracts in progress | 3 | €20,992 | €32,992 | +€12,000 | +57.2% |
| Stocks | 30/36 | €20,992 | €32,992 | +€12,000 | +57.2% |
| Amounts receivable within one year | 40/41 | €368,330 | €361,809 | -€6,522 | -1.8% |
| Trade receivables | 40 | €283,541 | €253,678 | -€29,862 | -10.5% |
| Other amounts receivable | 41 | €84,790 | €108,130 | +€23,340 | +27.5% |
| Cash at bank and in hand | 54/58 | €40,670 | €19,860 | -€20,810 | -51.2% |
| Deferred charges and accrued income | 490/1 | €3,005 | €5,882 | +€2,877 | +95.7% |
| Total equity and liabilities | 10/49 | €509,024 | €467,438 | -€41,586 | -8.2% |
| Equity | 10/15 | €91,206 | €41,179 | -€50,027 | -54.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €41,206 | €41,206 | = | 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 | €38,984 | €38,984 | = | 0.0% |
| Distributable reserves | 133 | €362 | €362 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€50,027 | -€50,027 | |
| Amounts payable | 17/49 | €417,818 | €426,259 | +€8,441 | +2.0% |
| Amounts payable after more than one year | 17 | €164,216 | €86,322 | -€77,895 | -47.4% |
| Financial debts | 170/4 | €164,216 | €86,322 | -€77,895 | -47.4% |
| Amounts payable within one year | 42/48 | €253,601 | €339,738 | +€86,136 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €44,979 | €37,895 | -€7,084 | -15.8% |
| Trade debts | 44 | €168,375 | €233,363 | +€64,988 | +38.6% |
| Suppliers | 440/4 | €168,375 | €233,363 | +€64,988 | +38.6% |
| Taxes, remuneration and social security | 45 | €29,100 | €25,675 | -€3,425 | -11.8% |
| Taxes | 450/3 | €14,244 | €7,256 | -€6,987 | -49.1% |
| Remuneration and social security | 454/9 | €14,856 | €18,418 | +€3,562 | +24.0% |
| Other amounts payable | 47/48 | €11,148 | €42,805 | +€31,657 | +284.0% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €285,892 | €200,551 | -€85,341 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,997 | €30,590 | -€1,408 | -4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,193 | €0 | -€3,193 | -100.0% |
| Other operating charges | 640/8 | €4,602 | €4,666 | +€64 | +1.4% |
| Non-recurring operating charges | 66A | €1,431 | €0 | -€1,431 | -100.0% |
| Gross operating margin | 9900 | €340,035 | €189,897 | -€150,137 | -44.2% |
| Operating profit (loss) | 9901 | €12,920 | -€45,909 | -€58,829 | |
| Financial income | 75/76B | €2,085 | €1,344 | -€741 | -35.5% |
| Recurring financial income | 75 | €2,085 | €1,344 | -€741 | -35.5% |
| Financial charges | 65/66B | €8,838 | €4,764 | -€4,075 | -46.1% |
| Recurring financial charges | 65 | €8,838 | €4,764 | -€4,075 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €6,167 | -€49,328 | -€55,495 | |
| Income taxes | 67/77 | €5,743 | €699 | -€5,044 | -87.8% |
| Profit (loss) for the period | 9904 | €424 | -€50,027 | -€50,451 | |
| Profit (loss) for the period to be appropriated | 9905 | €424 | -€50,027 | -€50,451 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.