DE BLOCK: 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.
DE BLOCK
Largest movements
- Tangible fixed assets +€50,605
up €50,605 (+18.2%), from €277,606 to €328,211
- Cash -€36,428
down €36,428 (-55.7%), from €65,350 to €28,922
mainly Investment in fixed assets (net) (-€69,458) and Debts after one year (-€17,000)
- Reserves +€31,000
up €31,000 (+40.9%), from €75,860 to €106,860
of which Distributable reserves: +€31,000
- Debts after one year -€17,000
down €17,000 (-16.9%), from €100,583 to €83,583
- Other debts -€14,874
down €14,874 (-10.9%), from €137,027 to €122,153
- Advances received +€8,500
new in 2024: €8,500
- Tax, wage and social debts +€3,786
up €3,786 (+672.9%), from €563 to €4,349
- Gross operating margin +€29,185
up €29,185 (+58.5%), from €49,908 to €79,093
- Taxes +€9,438
up €9,438 (+169.7%), from €5,563 to €15,001
- Financial charges +€8,517
up €8,517 (+352.3%), from €2,417 to €10,935
- Depreciation +€6,619
up €6,619 (+54.1%), from €12,234 to €18,853
- Other operating charges +€2,458
up €2,458 (+143.4%), from €1,714 to €4,172
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 | €357,107 | €368,903 | +€11,795 | +3.3% |
| Fixed assets | 21/28 | €277,606 | €328,211 | +€50,605 | +18.2% |
| Tangible fixed assets | 22/27 | €277,606 | €328,211 | +€50,605 | +18.2% |
| Land and buildings | 22 | €271,797 | €295,835 | +€24,038 | +8.8% |
| Plant, machinery and equipment | 23 | €523 | €12,398 | +€11,875 | +2270.7% |
| Furniture and vehicles | 24 | €5,286 | €19,978 | +€14,692 | +277.9% |
| Current assets | 29/58 | €79,501 | €40,692 | -€38,810 | -48.8% |
| Amounts receivable within one year | 40/41 | €12,550 | €10,141 | -€2,409 | -19.2% |
| Trade receivables | 40 | €10,437 | €7,619 | -€2,818 | -27.0% |
| Other amounts receivable | 41 | €2,113 | €2,521 | +€409 | +19.3% |
| Cash at bank and in hand | 54/58 | €65,350 | €28,922 | -€36,428 | -55.7% |
| Deferred charges and accrued income | 490/1 | €1,601 | €1,629 | +€27 | +1.7% |
| Total equity and liabilities | 10/49 | €357,107 | €368,903 | +€11,795 | +3.3% |
| Equity | 10/15 | €97,588 | €129,324 | +€31,736 | +32.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,860 | €106,860 | +€31,000 | +40.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €74,000 | €105,000 | +€31,000 | +41.9% |
| Profit (loss) carried forward | 14 | €3,128 | €3,864 | +€736 | +23.5% |
| Amounts payable | 17/49 | €259,519 | €239,579 | -€19,940 | -7.7% |
| Amounts payable after more than one year | 17 | €100,583 | €83,583 | -€17,000 | -16.9% |
| Financial debts | 170/4 | €100,583 | €83,583 | -€17,000 | -16.9% |
| Amounts payable within one year | 42/48 | €158,894 | €155,995 | -€2,898 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €17,000 | €17,000 | = | 0.0% |
| Trade debts | 44 | €4,304 | €3,993 | -€311 | -7.2% |
| Suppliers | 440/4 | €4,304 | €3,993 | -€311 | -7.2% |
| Advances received on contracts in progress | 46 | - | €8,500 | +€8,500 | |
| Taxes, remuneration and social security | 45 | €563 | €4,349 | +€3,786 | +672.9% |
| Taxes | 450/3 | €563 | €4,349 | +€3,786 | +672.9% |
| Other amounts payable | 47/48 | €137,027 | €122,153 | -€14,874 | -10.9% |
| Accrued charges and deferred income | 492/3 | €42 | €0 | -€42 | -100.0% |
| Non-recurring operating income | 76A | - | €7,004 | +€7,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,234 | €18,853 | +€6,619 | +54.1% |
| Other operating charges | 640/8 | €1,714 | €4,172 | +€2,458 | +143.4% |
| Gross operating margin | 9900 | €49,908 | €79,093 | +€29,185 | +58.5% |
| Operating profit (loss) | 9901 | €35,959 | €56,068 | +€20,109 | +55.9% |
| Financial income | 75/76B | €109 | €1,604 | +€1,494 | +1365.2% |
| Recurring financial income | 75 | €109 | €1,604 | +€1,494 | +1365.2% |
| Financial charges | 65/66B | €2,417 | €10,935 | +€8,517 | +352.3% |
| Recurring financial charges | 65 | €2,417 | €10,935 | +€8,517 | +352.3% |
| Profit (loss) for the period before taxes | 9903 | €33,651 | €46,737 | +€13,085 | +38.9% |
| Income taxes | 67/77 | €5,563 | €15,001 | +€9,438 | +169.7% |
| Profit (loss) for the period | 9904 | €28,089 | €31,736 | +€3,647 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,089 | €31,736 | +€3,647 | +13.0% |
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 6 October 2026 via checked.be.