David Paul: 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.
David Paul
Largest movements
- Receivables within one year +€23,613
new in 2024: €23,613
- Other debts -€129,650
down €129,650 (-74.1%), from €174,924 to €45,274
- Debts after one year +€95,110
new in 2024: €95,110
- Reserves +€40,187
up €40,187 (+398.4%), from €10,087 to €50,274
- Tax, wage and social debts +€22,676
up €22,676 (+253.9%), from €8,930 to €31,606
- Gross operating margin +€37,806
up €37,806 (+192.0%), from €19,686 to €57,492
- Taxes +€9,061
up €9,061 (+192.5%), from €4,707 to €13,768
- Financial charges -€1,640
down €1,640 (-36.4%), from €4,500 to €2,860
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 | €200,333 | €226,428 | +€26,096 | +13.0% |
| Fixed assets | 21/28 | €200,000 | €201,158 | +€1,158 | +0.6% |
| Tangible fixed assets | 22/27 | - | €1,158 | +€1,158 | |
| Furniture and vehicles | 24 | - | €1,158 | +€1,158 | |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €333 | €25,271 | +€24,938 | +7492.5% |
| Amounts receivable within one year | 40/41 | - | €23,613 | +€23,613 | |
| Trade receivables | 40 | - | €23,613 | +€23,613 | |
| Cash at bank and in hand | 54/58 | €333 | €1,658 | +€1,326 | +398.2% |
| Total equity and liabilities | 10/49 | €200,333 | €226,428 | +€26,096 | +13.0% |
| Equity | 10/15 | €11,587 | €51,774 | +€40,187 | +346.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €10,087 | €50,274 | +€40,187 | +398.4% |
| Distributable reserves | 133 | €10,087 | €50,274 | +€40,187 | +398.4% |
| Amounts payable | 17/49 | €188,746 | €174,654 | -€14,092 | -7.5% |
| Amounts payable after more than one year | 17 | - | €95,110 | +€95,110 | |
| Other amounts payable | 178/9 | - | €95,110 | +€95,110 | |
| Amounts payable within one year | 42/48 | €184,246 | €77,267 | -€106,979 | -58.1% |
| Trade debts | 44 | €392 | €388 | -€4 | -1.1% |
| Suppliers | 440/4 | €392 | €388 | -€4 | -1.1% |
| Taxes, remuneration and social security | 45 | €8,930 | €31,606 | +€22,676 | +253.9% |
| Taxes | 450/3 | €8,930 | €31,606 | +€22,676 | +253.9% |
| Other amounts payable | 47/48 | €174,924 | €45,274 | -€129,650 | -74.1% |
| Accrued charges and deferred income | 492/3 | €4,500 | €2,277 | -€2,223 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €289 | +€289 | |
| Other operating charges | 640/8 | €392 | €388 | -€4 | -1.1% |
| Gross operating margin | 9900 | €19,686 | €57,492 | +€37,806 | +192.0% |
| Operating profit (loss) | 9901 | €19,294 | €56,815 | +€37,521 | +194.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,500 | €2,860 | -€1,640 | -36.4% |
| Recurring financial charges | 65 | €4,500 | €2,860 | -€1,640 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €14,794 | €53,955 | +€39,161 | +264.7% |
| Income taxes | 67/77 | €4,707 | €13,768 | +€9,061 | +192.5% |
| Profit (loss) for the period | 9904 | €10,087 | €40,187 | +€30,100 | +298.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,087 | €40,187 | +€30,100 | +298.4% |
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 2 October 2026 via checked.be.