DE GROOTE DAVID: 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 GROOTE DAVID
Largest movements
- Receivables within one year -€15,807
down €15,807 (-16.0%), from €98,641 to €82,834
of which Trade receivables: -€10,391
- Deferred charges and accrued income +€12,826
new in 2024: €12,826
- Cash -€9,494
down €9,494 (-70.5%), from €13,468 to €3,974
mainly Deferred charges and accrued income (-€12,826) and Trade debts (-€10,953)
- Tangible fixed assets +€2,000
up €2,000 (+17.8%), from €11,218 to €13,218
of which Furniture and vehicles: +€2,340
- Trade debts -€10,953
down €10,953 (-72.4%), from €15,136 to €4,183
- Tax, wage and social debts +€1,343
up €1,343 (+10.4%), from €12,868 to €14,212
of which Remuneration and social security: +€2,000
- Gross operating margin -€43,303
down €43,303 (-90.6%), from €47,773 to €4,469
- Taxes -€12,212
no longer reported in 2024 (was €12,212)
- Depreciation +€1,731
up €1,731 (+185%), from €934 to €2,665
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 | €123,326 | €112,852 | -€10,474 | -8.5% |
| Fixed assets | 21/28 | €11,218 | €13,218 | +€2,000 | +17.8% |
| Tangible fixed assets | 22/27 | €11,218 | €13,218 | +€2,000 | +17.8% |
| Plant, machinery and equipment | 23 | €1,417 | €1,077 | -€340 | -24.0% |
| Furniture and vehicles | 24 | €9,801 | €12,141 | +€2,340 | +23.9% |
| Current assets | 29/58 | €112,109 | €99,634 | -€12,475 | -11.1% |
| Amounts receivable within one year | 40/41 | €98,641 | €82,834 | -€15,807 | -16.0% |
| Trade receivables | 40 | €75,541 | €65,149 | -€10,391 | -13.8% |
| Other amounts receivable | 41 | €23,100 | €17,685 | -€5,415 | -23.4% |
| Cash at bank and in hand | 54/58 | €13,468 | €3,974 | -€9,494 | -70.5% |
| Deferred charges and accrued income | 490/1 | - | €12,826 | +€12,826 | |
| Total equity and liabilities | 10/49 | €123,326 | €112,852 | -€10,474 | -8.5% |
| Equity | 10/15 | €92,353 | €92,786 | +€434 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,893 | €72,326 | +€434 | +0.6% |
| Amounts payable | 17/49 | €30,974 | €20,066 | -€10,908 | -35.2% |
| Amounts payable within one year | 42/48 | €30,050 | €20,066 | -€9,985 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €2,046 | €1,260 | -€786 | -38.4% |
| Trade debts | 44 | €15,136 | €4,183 | -€10,953 | -72.4% |
| Suppliers | 440/4 | €15,136 | €4,183 | -€10,953 | -72.4% |
| Taxes, remuneration and social security | 45 | €12,868 | €14,212 | +€1,343 | +10.4% |
| Taxes | 450/3 | €12,868 | €12,212 | -€657 | -5.1% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €411 | +€411 | |
| Accrued charges and deferred income | 492/3 | €923 | - | -€923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €934 | €2,665 | +€1,731 | +185% |
| Other operating charges | 640/8 | €451 | €478 | +€28 | +6.1% |
| Gross operating margin | 9900 | €47,773 | €4,469 | -€43,303 | -90.6% |
| Operating profit (loss) | 9901 | €46,388 | €1,326 | -€45,062 | -97.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €883 | €892 | +€10 | +1.1% |
| Recurring financial charges | 65 | €883 | €892 | +€10 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €45,505 | €434 | -€45,071 | -99.0% |
| Income taxes | 67/77 | €12,212 | - | -€12,212 | |
| Profit (loss) for the period | 9904 | €33,293 | €434 | -€32,860 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,293 | €434 | -€32,860 | -98.7% |
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 24 October 2026 via checked.be.