DE MERODE: 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 MERODE
Largest movements
- Receivables after one year +€212,426
new in 2023: €212,426
- Tangible fixed assets -€41,311
down €41,311 (-22.3%), from €184,880 to €143,569
of which Land and buildings: -€32,746
- Receivables within one year +€28,783
up €28,783 (+19.2%), from €150,243 to €179,026
of which Trade receivables: +€179,026
- Trade debts +€186,319
up €186,319 (+1,571%), from €11,861 to €198,179
- Reserves +€23,273
up €23,273 (+20.3%), from €114,725 to €137,998
of which Distributable reserves: +€25,133
- Debts after one year -€21,326
down €21,326 (-30.6%), from €69,711 to €48,384
- Tax, wage and social debts +€9,004
up €9,004 (+16.8%), from €53,663 to €62,666
of which Taxes: +€11,378
- Gross operating margin -€46,622
down €46,622 (-24.7%), from €189,082 to €142,461
- Staff costs -€27,114
down €27,114 (-31.2%), from €86,776 to €59,662
- Other operating charges +€5,920
up €5,920 (+266%), from €2,230 to €8,149
- Financial income -€2,191
down €2,191 (-26.3%), from €8,342 to €6,151
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,306 | €574,185 | +€197,879 | +52.6% |
| Fixed assets | 21/28 | €184,880 | €143,569 | -€41,311 | -22.3% |
| Tangible fixed assets | 22/27 | €184,880 | €143,569 | -€41,311 | -22.3% |
| Land and buildings | 22 | €144,766 | €112,020 | -€32,746 | -22.6% |
| Plant, machinery and equipment | 23 | €35,546 | €29,688 | -€5,858 | -16.5% |
| Furniture and vehicles | 24 | €3,835 | €1,862 | -€1,973 | -51.5% |
| Leasing and similar rights | 25 | €734 | - | -€734 | |
| Current assets | 29/58 | €191,426 | €430,616 | +€239,190 | +125% |
| Amounts receivable after more than one year | 29 | - | €212,426 | +€212,426 | |
| Other amounts receivable | 291 | - | €212,426 | +€212,426 | |
| Stocks and contracts in progress | 3 | €23,550 | €23,550 | = | 0.0% |
| Stocks | 30/36 | €23,550 | €23,550 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €150,243 | €179,026 | +€28,783 | +19.2% |
| Trade receivables | 40 | - | €179,026 | +€179,026 | |
| Other amounts receivable | 41 | €150,243 | - | -€150,243 | |
| Cash at bank and in hand | 54/58 | €16,545 | €12,575 | -€3,970 | -24.0% |
| Deferred charges and accrued income | 490/1 | €1,089 | €3,040 | +€1,951 | +179% |
| Total equity and liabilities | 10/49 | €376,306 | €574,185 | +€197,879 | +52.6% |
| Equity | 10/15 | €220,356 | €243,629 | +€23,273 | +10.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €114,725 | €137,998 | +€23,273 | +20.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €112,865 | €137,998 | +€25,133 | +22.3% |
| Profit (loss) carried forward | 14 | €93,131 | €93,131 | = | 0.0% |
| Amounts payable | 17/49 | €155,951 | €330,556 | +€174,606 | +112% |
| Amounts payable after more than one year | 17 | €69,711 | €48,384 | -€21,326 | -30.6% |
| Financial debts | 170/4 | €69,711 | €48,384 | -€21,326 | -30.6% |
| Amounts payable within one year | 42/48 | €86,240 | €282,172 | +€195,932 | +227% |
| Current portion of amounts payable after more than one year | 42 | €20,717 | €21,326 | +€610 | +2.9% |
| Trade debts | 44 | €11,861 | €198,179 | +€186,319 | +1,571% |
| Suppliers | 440/4 | €11,861 | €198,179 | +€186,319 | +1,571% |
| Taxes, remuneration and social security | 45 | €53,663 | €62,666 | +€9,004 | +16.8% |
| Taxes | 450/3 | €47,716 | €59,094 | +€11,378 | +23.8% |
| Remuneration and social security | 454/9 | €5,947 | €3,572 | -€2,375 | -39.9% |
| Remuneration, social security and pensions | 62 | €86,776 | €59,662 | -€27,114 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,004 | €41,311 | -€694 | -1.7% |
| Other operating charges | 640/8 | €2,230 | €8,149 | +€5,920 | +266% |
| Gross operating margin | 9900 | €189,082 | €142,461 | -€46,622 | -24.7% |
| Operating profit (loss) | 9901 | €58,072 | €33,339 | -€24,734 | -42.6% |
| Financial income | 75/76B | €8,342 | €6,151 | -€2,191 | -26.3% |
| Recurring financial income | 75 | €8,342 | €6,151 | -€2,191 | -26.3% |
| Financial charges | 65/66B | €3,265 | €4,311 | +€1,046 | +32.0% |
| Recurring financial charges | 65 | €3,265 | €4,311 | +€1,046 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €63,150 | €35,179 | -€27,971 | -44.3% |
| Income taxes | 67/77 | €9,390 | €9,806 | +€416 | +4.4% |
| Profit (loss) for the period | 9904 | €53,760 | €25,373 | -€28,387 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,760 | €25,373 | -€28,387 | -52.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.