D.T.C.M.: 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.
D.T.C.M.
Largest movements
- Tangible fixed assets -€83,733
down €83,733 (-18.7%), from €446,792 to €363,059
of which Leasing and similar rights: -€80,385
- Receivables within one year +€36,530
up €36,530 (+9.4%), from €387,492 to €424,023
of which Trade receivables: +€50,373
- Cash -€26,322
down €26,322 (-4.0%), from €662,891 to €636,569
mainly Receivables within one year (-€36,530) and Investment in fixed assets (net) (-€35,699)
- Reserves +€32,746
up €32,746 (+3.6%), from €919,693 to €952,438
of which Distributable reserves: +€32,746
- Current portion of long-term debt -€32,730
down €32,730 (-50.3%), from €65,067 to €32,337
- Tax, wage and social debts -€32,398
down €32,398 (-15.3%), from €211,395 to €178,997
of which Taxes: -€92,509
- Other debts -€30,087
down €30,087 (-34.1%), from €88,347 to €58,260
- Trade debts +€21,500
up €21,500 (+10.8%), from €199,259 to €220,759
- Staff costs +€143,031
up €143,031 (+22.7%), from €630,211 to €773,242
- Gross operating margin +€135,234
up €135,234 (+16.0%), from €844,493 to €979,727
- Other operating charges -€25,348
down €25,348 (-51.3%), from €49,401 to €24,053
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 | €1,538,318 | €1,478,027 | -€60,291 | -3.9% |
| Formation expenses | 20 | €1,029 | - | -€1,029 | |
| Fixed assets | 21/28 | €454,877 | €371,144 | -€83,733 | -18.4% |
| Tangible fixed assets | 22/27 | €446,792 | €363,059 | -€83,733 | -18.7% |
| Land and buildings | 22 | €254,154 | €228,951 | -€25,203 | -9.9% |
| Plant, machinery and equipment | 23 | €13,542 | €10,933 | -€2,609 | -19.3% |
| Furniture and vehicles | 24 | €50,701 | €75,577 | +€24,877 | +49.1% |
| Leasing and similar rights | 25 | €120,661 | €40,276 | -€80,385 | -66.6% |
| Other tangible fixed assets | 26 | €7,734 | €7,321 | -€413 | -5.3% |
| Financial fixed assets | 28 | €8,085 | €8,085 | = | 0.0% |
| Current assets | 29/58 | €1,082,413 | €1,106,883 | +€24,470 | +2.3% |
| Amounts receivable within one year | 40/41 | €387,492 | €424,023 | +€36,530 | +9.4% |
| Trade receivables | 40 | €351,263 | €401,636 | +€50,373 | +14.3% |
| Other amounts receivable | 41 | €36,230 | €22,386 | -€13,843 | -38.2% |
| Cash at bank and in hand | 54/58 | €662,891 | €636,569 | -€26,322 | -4.0% |
| Deferred charges and accrued income | 490/1 | €32,030 | €46,292 | +€14,262 | +44.5% |
| Total equity and liabilities | 10/49 | €1,538,318 | €1,478,027 | -€60,291 | -3.9% |
| Equity | 10/15 | €938,243 | €970,988 | +€32,746 | +3.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €919,693 | €952,438 | +€32,746 | +3.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €589,455 | €589,455 | = | 0.0% |
| Distributable reserves | 133 | €328,383 | €361,128 | +€32,746 | +10.0% |
| Amounts payable | 17/49 | €600,075 | €507,038 | -€93,037 | -15.5% |
| Amounts payable after more than one year | 17 | €31,869 | €13,547 | -€18,322 | -57.5% |
| Financial debts | 170/4 | €31,869 | €13,547 | -€18,322 | -57.5% |
| Amounts payable within one year | 42/48 | €567,207 | €493,491 | -€73,715 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €65,067 | €32,337 | -€32,730 | -50.3% |
| Trade debts | 44 | €199,259 | €220,759 | +€21,500 | +10.8% |
| Suppliers | 440/4 | €199,259 | €220,759 | +€21,500 | +10.8% |
| Advances received on contracts in progress | 46 | €3,139 | €3,139 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €211,395 | €178,997 | -€32,398 | -15.3% |
| Taxes | 450/3 | €145,793 | €53,284 | -€92,509 | -63.5% |
| Remuneration and social security | 454/9 | €65,602 | €125,712 | +€60,111 | +91.6% |
| Other amounts payable | 47/48 | €88,347 | €58,260 | -€30,087 | -34.1% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €630,211 | €773,242 | +€143,031 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,869 | €120,460 | +€5,591 | +4.9% |
| Other operating charges | 640/8 | €49,401 | €24,053 | -€25,348 | -51.3% |
| Gross operating margin | 9900 | €844,493 | €979,727 | +€135,234 | +16.0% |
| Operating profit (loss) | 9901 | €50,011 | €61,972 | +€11,960 | +23.9% |
| Financial income | 75/76B | €4,166 | €159 | -€4,007 | -96.2% |
| Recurring financial income | 75 | €4,166 | €159 | -€4,007 | -96.2% |
| Financial charges | 65/66B | €12,567 | €8,461 | -€4,106 | -32.7% |
| Recurring financial charges | 65 | €12,567 | €8,461 | -€4,106 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €41,611 | €53,670 | +€12,059 | +29.0% |
| Income taxes | 67/77 | €16,252 | €20,924 | +€4,672 | +28.7% |
| Profit (loss) for the period | 9904 | €25,358 | €32,746 | +€7,387 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,358 | €32,746 | +€7,387 | +29.1% |
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.