DE BAERE MATHIEU: 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.
DE BAERE MATHIEU
Largest movements
- Tangible fixed assets -€503,092
down €503,092 (-34.5%), from €1.5m to €954,296
of which Leasing and similar rights: -€300,642
- Receivables within one year -€189,444
down €189,444 (-22.0%), from €862,077 to €672,633
of which Other amounts receivable: -€177,595
- Stocks and contracts -€164,717
down €164,717 (-46.2%), from €356,700 to €191,983
- Debts after one year -€255,151
down €255,151 (-30.8%), from €829,032 to €573,881
- Trade debts -€242,160
down €242,160 (-40.2%), from €602,348 to €360,188
- Profit (loss) carried forward -€229,998
down €229,998 (-138%), from -€166,489 to -€396,487
- Short-term financial debts -€142,724
down €142,724 (-45.6%), from €313,167 to €170,443
- Current portion of long-term debt -€97,478
down €97,478 (-26.9%), from €361,741 to €264,263
- Gross operating margin -€471,938
down €471,938 (-51.2%), from €921,803 to €449,865
- Depreciation -€63,690
down €63,690 (-15.0%), from €425,065 to €361,374
- Staff costs +€52,967
up €52,967 (+35.9%), from €147,343 to €200,310
- Financial charges -€20,724
down €20,724 (-23.5%), from €88,049 to €67,325
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 | €2,696,541 | €1,840,327 | -€856,214 | -31.8% |
| Fixed assets | 21/28 | €1,458,428 | €955,336 | -€503,092 | -34.5% |
| Tangible fixed assets | 22/27 | €1,457,388 | €954,296 | -€503,092 | -34.5% |
| Land and buildings | 22 | €77,023 | €73,559 | -€3,465 | -4.5% |
| Plant, machinery and equipment | 23 | €236,419 | €49,880 | -€186,539 | -78.9% |
| Furniture and vehicles | 24 | €57,706 | €45,260 | -€12,446 | -21.6% |
| Leasing and similar rights | 25 | €1,086,239 | €785,597 | -€300,642 | -27.7% |
| Financial fixed assets | 28 | €1,040 | €1,040 | = | 0.0% |
| Current assets | 29/58 | €1,238,113 | €884,991 | -€353,122 | -28.5% |
| Stocks and contracts in progress | 3 | €356,700 | €191,983 | -€164,717 | -46.2% |
| Stocks | 30/36 | €356,700 | €191,983 | -€164,717 | -46.2% |
| Amounts receivable within one year | 40/41 | €862,077 | €672,633 | -€189,444 | -22.0% |
| Trade receivables | 40 | €561,862 | €550,014 | -€11,849 | -2.1% |
| Other amounts receivable | 41 | €300,215 | €122,620 | -€177,595 | -59.2% |
| Cash at bank and in hand | 54/58 | €7,578 | €10,235 | +€2,657 | +35.1% |
| Deferred charges and accrued income | 490/1 | €11,758 | €10,139 | -€1,619 | -13.8% |
| Total equity and liabilities | 10/49 | €2,696,541 | €1,840,327 | -€856,214 | -31.8% |
| Equity | 10/15 | €500,114 | €270,116 | -€229,998 | -46.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €648,003 | €648,003 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €646,143 | €648,003 | +€1,860 | +0.3% |
| Profit (loss) carried forward | 14 | -€166,489 | -€396,487 | -€229,998 | -138% |
| Amounts payable | 17/49 | €2,196,427 | €1,570,211 | -€626,216 | -28.5% |
| Amounts payable after more than one year | 17 | €829,032 | €573,881 | -€255,151 | -30.8% |
| Financial debts | 170/4 | €829,032 | €573,881 | -€255,151 | -30.8% |
| Amounts payable within one year | 42/48 | €1,363,802 | €992,593 | -€371,210 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €361,741 | €264,263 | -€97,478 | -26.9% |
| Financial debts | 43 | €313,167 | €170,443 | -€142,724 | -45.6% |
| Credit institutions | 430/8 | €313,167 | €170,443 | -€142,724 | -45.6% |
| Trade debts | 44 | €602,348 | €360,188 | -€242,160 | -40.2% |
| Suppliers | 440/4 | €602,348 | €360,188 | -€242,160 | -40.2% |
| Taxes, remuneration and social security | 45 | €84,504 | €169,688 | +€85,184 | +101% |
| Taxes | 450/3 | €52,199 | €85,679 | +€33,480 | +64.1% |
| Remuneration and social security | 454/9 | €32,305 | €84,009 | +€51,704 | +160% |
| Other amounts payable | 47/48 | €2,041 | €28,011 | +€25,969 | +1,272% |
| Accrued charges and deferred income | 492/3 | €3,593 | €3,737 | +€144 | +4.0% |
| Non-recurring operating income | 76A | €514,058 | €167,523 | -€346,536 | -67.4% |
| Remuneration, social security and pensions | 62 | €147,343 | €200,310 | +€52,967 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €425,065 | €361,374 | -€63,690 | -15.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,440 | +€3,440 | |
| Other operating charges | 640/8 | €44,615 | €46,180 | +€1,565 | +3.5% |
| Gross operating margin | 9900 | €921,803 | €449,865 | -€471,938 | -51.2% |
| Operating profit (loss) | 9901 | €304,781 | -€161,440 | -€466,220 | |
| Financial income | 75/76B | €14 | €636 | +€622 | +4,431% |
| Recurring financial income | 75 | €14 | €636 | +€622 | +4,431% |
| Financial charges | 65/66B | €88,049 | €67,325 | -€20,724 | -23.5% |
| Recurring financial charges | 65 | €88,049 | €67,325 | -€20,724 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €216,746 | -€228,128 | -€444,874 | |
| Income taxes | 67/77 | €2,010 | €1,870 | -€140 | -7.0% |
| Profit (loss) for the period | 9904 | €214,736 | -€229,998 | -€444,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €214,736 | -€229,998 | -€444,734 |
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 19 October 2026 via checked.be.