DE CORTE PATRICK: 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 CORTE PATRICK
Largest movements
- Receivables after one year -€53,000
down €53,000 (-69.7%), from €76,000 to €23,000
- Tangible fixed assets -€13,377
down €13,377 (-57.1%), from €23,444 to €10,068
of which Furniture and vehicles: -€8,908
- Cash -€7,955
down €7,955 (-69.3%), from €11,480 to €3,526
mainly Net result for the year (-€35,001) and Contributions, distributions and other (-€27,000)
- Receivables within one year -€4,509
down €4,509 (-29.6%), from €15,209 to €10,701
of which Trade receivables: -€5,163
- Deferred charges and accrued income +€1,351
up €1,351 (+38.1%), from €3,543 to €4,894
- Profit (loss) carried forward -€35,001
down €35,001 (-353.1%), from -€9,913 to -€44,914
- Reserves -€27,000
down €27,000 (-39.6%), from €68,260 to €41,260
of which Distributable reserves: -€27,000
- Other debts -€14,719
down €14,719 (-31.8%), from €46,222 to €31,503
- Trade debts +€3,220
up €3,220 (+168.6%), from €1,910 to €5,130
- Current portion of long-term debt -€2,368
no longer reported in 2024 (was €2,368)
- Gross operating margin -€15,778
down €15,778 (-121.3%), from -€13,005 to -€28,783
- Depreciation -€3,524
down €3,524 (-39.1%), from €9,002 to €5,479
- Other operating charges -€2,535
down €2,535 (-86.5%), from €2,929 to €394
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 | €129,677 | €52,188 | -€77,489 | -59.8% |
| Fixed assets | 21/28 | €23,444 | €10,068 | -€13,377 | -57.1% |
| Tangible fixed assets | 22/27 | €23,444 | €10,068 | -€13,377 | -57.1% |
| Land and buildings | 22 | €3,390 | €1,502 | -€1,888 | -55.7% |
| Plant, machinery and equipment | 23 | €9,386 | €6,805 | -€2,581 | -27.5% |
| Furniture and vehicles | 24 | €10,668 | €1,761 | -€8,908 | -83.5% |
| Current assets | 29/58 | €106,233 | €42,121 | -€64,112 | -60.4% |
| Amounts receivable after more than one year | 29 | €76,000 | €23,000 | -€53,000 | -69.7% |
| Other amounts receivable | 291 | €76,000 | €23,000 | -€53,000 | -69.7% |
| Amounts receivable within one year | 40/41 | €15,209 | €10,701 | -€4,509 | -29.6% |
| Trade receivables | 40 | €15,171 | €10,008 | -€5,163 | -34.0% |
| Other amounts receivable | 41 | €38 | €693 | +€654 | +1707.9% |
| Cash at bank and in hand | 54/58 | €11,480 | €3,526 | -€7,955 | -69.3% |
| Deferred charges and accrued income | 490/1 | €3,543 | €4,894 | +€1,351 | +38.1% |
| Total equity and liabilities | 10/49 | €129,677 | €52,188 | -€77,489 | -59.8% |
| Equity | 10/15 | €76,947 | €14,946 | -€62,001 | -80.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,260 | €41,260 | -€27,000 | -39.6% |
| 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 | €66,400 | €39,400 | -€27,000 | -40.7% |
| Profit (loss) carried forward | 14 | -€9,913 | -€44,914 | -€35,001 | -353.1% |
| Amounts payable | 17/49 | €52,730 | €37,242 | -€15,488 | -29.4% |
| Amounts payable within one year | 42/48 | €52,730 | €37,242 | -€15,488 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €2,368 | - | -€2,368 | |
| Trade debts | 44 | €1,910 | €5,130 | +€3,220 | +168.6% |
| Suppliers | 440/4 | €1,910 | €5,130 | +€3,220 | +168.6% |
| Advances received on contracts in progress | 46 | €609 | €609 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,620 | - | -€1,620 | |
| Taxes | 450/3 | €1,620 | - | -€1,620 | |
| Other amounts payable | 47/48 | €46,222 | €31,503 | -€14,719 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,002 | €5,479 | -€3,524 | -39.1% |
| Other operating charges | 640/8 | €2,929 | €394 | -€2,535 | -86.5% |
| Gross operating margin | 9900 | -€13,005 | -€28,783 | -€15,778 | -121.3% |
| Operating profit (loss) | 9901 | -€24,937 | -€34,656 | -€9,720 | -39.0% |
| Financial income | 75/76B | €136 | €18 | -€118 | -86.8% |
| Recurring financial income | 75 | €136 | €18 | -€118 | -86.8% |
| Financial charges | 65/66B | €401 | €362 | -€38 | -9.5% |
| Recurring financial charges | 65 | €401 | €362 | -€38 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,201 | -€35,001 | -€9,800 | -38.9% |
| Profit (loss) for the period | 9904 | -€25,201 | -€35,001 | -€9,800 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,201 | -€35,001 | -€9,800 | -38.9% |
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 1 October 2026 via checked.be.