DAVID FERNAND & CO: 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.
DAVID FERNAND & CO
Largest movements
- Receivables within one year -€41,490
down €41,490 (-57.6%), from €72,048 to €30,557
of which Trade receivables: -€35,412
- Financial fixed assets +€2,530
up €2,530 (+5,060%), from €50 to €2,580
- Cash +€1,540
up €1,540 (+30.2%), from €5,098 to €6,639
mainly Receivables within one year (+€41,490) and Tax, wage and social debts (+€2,110)
- Trade debts -€41,849
down €41,849 (-66.5%), from €62,930 to €21,081
- Tax, wage and social debts +€2,110
up €2,110 (+143%), from €1,475 to €3,586
of which Remuneration and social security: +€1,201
- Profit (loss) carried forward +€1,830
up €1,830 (+33.6%), from €5,450 to €7,280
- Staff costs +€3,978
new in 2024: €3,978
- Gross operating margin +€2,085
up €2,085 (+23.6%), from €8,844 to €10,929
- Taxes +€934
up €934 (+63.3%), from €1,475 to €2,409
- Financial income +€770
new in 2024: €770
- Other operating charges -€492
down €492 (-88.2%), from €557 to €66
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 | €78,446 | €40,537 | -€37,909 | -48.3% |
| Fixed assets | 21/28 | €1,300 | €3,103 | +€1,803 | +139% |
| Tangible fixed assets | 22/27 | €1,250 | €523 | -€727 | -58.2% |
| Furniture and vehicles | 24 | €1,250 | €523 | -€727 | -58.2% |
| Financial fixed assets | 28 | €50 | €2,580 | +€2,530 | +5,060% |
| Current assets | 29/58 | €77,146 | €37,434 | -€39,711 | -51.5% |
| Amounts receivable within one year | 40/41 | €72,048 | €30,557 | -€41,490 | -57.6% |
| Trade receivables | 40 | €52,926 | €17,514 | -€35,412 | -66.9% |
| Other amounts receivable | 41 | €19,122 | €13,044 | -€6,078 | -31.8% |
| Cash at bank and in hand | 54/58 | €5,098 | €6,639 | +€1,540 | +30.2% |
| Deferred charges and accrued income | 490/1 | - | €238 | +€238 | |
| Total equity and liabilities | 10/49 | €78,446 | €40,537 | -€37,909 | -48.3% |
| Equity | 10/15 | €7,950 | €9,780 | +€1,830 | +23.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,450 | €7,280 | +€1,830 | +33.6% |
| Amounts payable | 17/49 | €70,496 | €30,757 | -€39,738 | -56.4% |
| Amounts payable within one year | 42/48 | €70,496 | €30,757 | -€39,738 | -56.4% |
| Trade debts | 44 | €62,930 | €21,081 | -€41,849 | -66.5% |
| Suppliers | 440/4 | €62,930 | €21,081 | -€41,849 | -66.5% |
| Advances received on contracts in progress | 46 | €6,091 | €6,091 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,475 | €3,586 | +€2,110 | +143% |
| Taxes | 450/3 | €1,475 | €2,384 | +€909 | +61.6% |
| Remuneration and social security | 454/9 | - | €1,201 | +€1,201 | |
| Remuneration, social security and pensions | 62 | - | €3,978 | +€3,978 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | €1,511 | +€261 | +20.9% |
| Other operating charges | 640/8 | €557 | €66 | -€492 | -88.2% |
| Non-recurring operating charges | 66A | - | €1,400 | +€1,400 | |
| Gross operating margin | 9900 | €8,844 | €10,929 | +€2,085 | +23.6% |
| Operating profit (loss) | 9901 | €7,037 | €3,974 | -€3,063 | -43.5% |
| Financial income | 75/76B | - | €770 | +€770 | |
| Recurring financial income | 75 | - | €770 | +€770 | |
| Financial charges | 65/66B | €112 | €505 | +€394 | +353% |
| Recurring financial charges | 65 | €112 | €505 | +€394 | +353% |
| Profit (loss) for the period before taxes | 9903 | €6,925 | €4,239 | -€2,686 | -38.8% |
| Income taxes | 67/77 | €1,475 | €2,409 | +€934 | +63.3% |
| Profit (loss) for the period | 9904 | €5,450 | €1,830 | -€3,620 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,450 | €1,830 | -€3,620 | -66.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.