DANIEL VLOERTEGEL: 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.
DANIEL VLOERTEGEL
Largest movements
- Receivables within one year +€16,548
up €16,548 (+47.6%), from €34,729 to €51,277
of which Other amounts receivable: +€15,740
- Cash -€4,013
down €4,013 (-87.7%), from €4,575 to €562
mainly Receivables within one year (-€16,548) and Investment in fixed assets (net) (-€2,083)
- Profit (loss) carried forward +€7,415
up €7,415 (+28.8%), from €25,749 to €33,164
- Trade debts +€3,939
up €3,939 (+59.3%), from €6,643 to €10,582
of which Bills of exchange payable: +€3,753
- Tax, wage and social debts +€1,181
up €1,181 (+17.1%), from €6,912 to €8,093
- Gross operating margin -€15,349
down €15,349 (-46.2%), from €33,223 to €17,874
- Purchases and services +€12,440
up €12,440 (+23.3%), from €53,390 to €65,830
- Other operating charges +€5,404
up €5,404 (+1,123%), from €481 to €5,885
- Taxes -€4,491
down €4,491 (-65.0%), from €6,912 to €2,421
- Turnover -€2,908
down €2,908 (-3.4%), from €86,613 to €83,704
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 | €39,304 | €51,840 | +€12,536 | +31.9% |
| Current assets | 29/58 | €39,304 | €51,840 | +€12,536 | +31.9% |
| Amounts receivable within one year | 40/41 | €34,729 | €51,277 | +€16,548 | +47.6% |
| Trade receivables | 40 | €11,791 | €12,598 | +€808 | +6.9% |
| Other amounts receivable | 41 | €22,939 | €38,679 | +€15,740 | +68.6% |
| Cash at bank and in hand | 54/58 | €4,575 | €562 | -€4,013 | -87.7% |
| Total equity and liabilities | 10/49 | €39,304 | €51,840 | +€12,536 | +31.9% |
| Equity | 10/15 | €25,749 | €33,164 | +€7,415 | +28.8% |
| Profit (loss) carried forward | 14 | €25,749 | €33,164 | +€7,415 | +28.8% |
| Amounts payable | 17/49 | €13,555 | €18,675 | +€5,120 | +37.8% |
| Amounts payable within one year | 42/48 | €13,555 | €18,675 | +€5,120 | +37.8% |
| Trade debts | 44 | €6,643 | €10,582 | +€3,939 | +59.3% |
| Suppliers | 440/4 | €1,042 | €1,228 | +€186 | +17.8% |
| Bills of exchange payable | 441 | €5,601 | €9,354 | +€3,753 | +67.0% |
| Taxes, remuneration and social security | 45 | €6,912 | €8,093 | +€1,181 | +17.1% |
| Taxes | 450/3 | €6,912 | €8,093 | +€1,181 | +17.1% |
| Turnover | 70 | €86,613 | €83,704 | -€2,908 | -3.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €53,390 | €65,830 | +€12,440 | +23.3% |
| Remuneration, social security and pensions | 62 | €69 | - | -€69 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,083 | +€2,083 | |
| Other operating charges | 640/8 | €481 | €5,885 | +€5,404 | +1,123% |
| Gross operating margin | 9900 | €33,223 | €17,874 | -€15,349 | -46.2% |
| Operating profit (loss) | 9901 | €32,672 | €9,906 | -€22,767 | -69.7% |
| Financial charges | 65/66B | €12 | €69 | +€58 | +500% |
| Recurring financial charges | 65 | €12 | €69 | +€58 | +500% |
| Profit (loss) for the period before taxes | 9903 | €32,661 | €9,837 | -€22,824 | -69.9% |
| Income taxes | 67/77 | €6,912 | €2,421 | -€4,491 | -65.0% |
| Profit (loss) for the period | 9904 | €25,749 | €7,415 | -€18,334 | -71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,749 | €7,415 | -€18,334 | -71.2% |
Source: filed annual accounts (NBB), financial years ended 31 October 2023 and 31 October 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.