DAMIEN RENCHON: what changed
DAMIEN RENCHON
Largest movements
- Cash -€62,340
down €62,340 (-73.6%), from €84,758 to €22,418
mainly Contributions, distributions and other (-€82,200) and Tax, wage and social debts (-€40,691)
- Deferred charges and accrued income -€41,783
down €41,783 (-89.3%), from €46,806 to €5,023
- Tangible fixed assets -€17,572
down €17,572 (-27.8%), from €63,114 to €45,542
of which Furniture and vehicles: -€27,773
- Receivables within one year +€16,140
up €16,140 (+8.8%), from €183,200 to €199,341
of which Trade receivables: +€13,484
- Profit (loss) carried forward -€56,285
down €56,285 (-41.1%), from €136,872 to €80,586
- Tax, wage and social debts -€40,691
down €40,691 (-22.4%), from €181,465 to €140,775
- Current portion of long-term debt -€9,016
down €9,016 (-57.6%), from €15,649 to €6,633
- Trade debts +€7,089
up €7,089 (+12.8%), from €55,350 to €62,439
- Debts after one year -€6,633
down €6,633 (-100%), from €6,633 to €0
- Gross operating margin -€67,093
down €67,093 (-43.1%), from €155,788 to €88,696
- Taxes -€10,501
down €10,501 (-31.2%), from €33,608 to €23,107
- Other operating charges -€8,989
down €8,989 (-85.1%), from €10,558 to €1,569
- Financial charges -€2,351
down €2,351 (-33.3%), from €7,060 to €4,710
- Financial income -€2,250
down €2,250 (-100%), from €2,250 to €0
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €410,535 | €304,980 | -€105,555 | -25.7% |
| Fixed assets | 21/28 | €95,771 | €78,198 | -€17,572 | -18.3% |
| Tangible fixed assets | 22/27 | €63,114 | €45,542 | -€17,572 | -27.8% |
| Furniture and vehicles | 24 | €60,821 | €33,048 | -€27,773 | -45.7% |
| Other tangible fixed assets | 26 | €2,293 | €12,494 | +€10,201 | +445% |
| Financial fixed assets | 28 | €32,656 | €32,656 | = | 0.0% |
| Current assets | 29/58 | €314,764 | €226,781 | -€87,983 | -28.0% |
| Amounts receivable within one year | 40/41 | €183,200 | €199,341 | +€16,140 | +8.8% |
| Trade receivables | 40 | €178,502 | €191,986 | +€13,484 | +7.6% |
| Other amounts receivable | 41 | €4,698 | €7,355 | +€2,657 | +56.5% |
| Cash at bank and in hand | 54/58 | €84,758 | €22,418 | -€62,340 | -73.6% |
| Deferred charges and accrued income | 490/1 | €46,806 | €5,023 | -€41,783 | -89.3% |
| Total equity and liabilities | 10/49 | €410,535 | €304,980 | -€105,555 | -25.7% |
| Equity | 10/15 | €151,332 | €95,046 | -€56,285 | -37.2% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,872 | €80,586 | -€56,285 | -41.1% |
| Amounts payable | 17/49 | €259,203 | €209,933 | -€49,270 | -19.0% |
| Amounts payable after more than one year | 17 | €6,633 | €0 | -€6,633 | -100% |
| Financial debts | 170/4 | €6,633 | €0 | -€6,633 | -100% |
| Amounts payable within one year | 42/48 | €252,570 | €209,933 | -€42,637 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €15,649 | €6,633 | -€9,016 | -57.6% |
| Trade debts | 44 | €55,350 | €62,439 | +€7,089 | +12.8% |
| Suppliers | 440/4 | €55,350 | €62,439 | +€7,089 | +12.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €181,465 | €140,775 | -€40,691 | -22.4% |
| Taxes | 450/3 | €181,465 | €140,775 | -€40,691 | -22.4% |
| Other amounts payable | 47/48 | €106 | €87 | -€19 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,935 | €32,142 | -€793 | -2.4% |
| Other operating charges | 640/8 | €10,558 | €1,569 | -€8,989 | -85.1% |
| Non-recurring operating charges | 66A | €33,709 | €1,253 | -€32,456 | -96.3% |
| Gross operating margin | 9900 | €155,788 | €88,696 | -€67,093 | -43.1% |
| Operating profit (loss) | 9901 | €78,586 | €53,731 | -€24,855 | -31.6% |
| Financial income | 75/76B | €2,250 | €0 | -€2,250 | -100% |
| Recurring financial income | 75 | €2,250 | €0 | -€2,250 | -100% |
| Financial charges | 65/66B | €7,060 | €4,710 | -€2,351 | -33.3% |
| Recurring financial charges | 65 | €7,060 | €4,710 | -€2,351 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €73,776 | €49,021 | -€24,755 | -33.6% |
| Income taxes | 67/77 | €33,608 | €23,107 | -€10,501 | -31.2% |
| Profit (loss) for the period | 9904 | €40,168 | €25,915 | -€14,253 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,168 | €25,915 | -€14,253 | -35.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.