DE PIJL: 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 PIJL
Largest movements
- Financial fixed assets +€62,490
up €62,490 (+47.9%), from €130,394 to €192,884
- Tangible fixed assets -€31,104
down €31,104 (-32.0%), from €97,250 to €66,146
of which Other tangible fixed assets: -€30,122
- Receivables within one year +€13,905
up €13,905 (+14.4%), from €96,554 to €110,458
of which Other amounts receivable: +€11,050
- Cash -€13,110
down €13,110 (-8.0%), from €163,883 to €150,773
mainly Other debts (-€250,000) and Investment in fixed assets (net) (-€62,490)
- Profit (loss) carried forward +€251,753
up €251,753 (+280%), from €90,072 to €341,825
- Other debts -€250,000
down €250,000 (-100%), from €250,000 to €0
- Current portion of long-term debt +€50,000
new in 2024: €50,000
- Trade debts -€12,383
down €12,383 (-47.4%), from €26,133 to €13,750
- Tax, wage and social debts -€6,979
down €6,979 (-100%), from €6,979 to €0
- Gross operating margin -€37,951
down €37,951 (-9.2%), from €411,125 to €373,174
- Taxes -€11,050
down €11,050 (-11.6%), from €94,967 to €83,918
- Depreciation +€10,795
up €10,795 (+53.1%), from €20,310 to €31,104
- Staff costs -€4,428
no longer reported in 2024 (was €4,428)
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 | €488,275 | €520,666 | +€32,391 | +6.6% |
| Fixed assets | 21/28 | €227,644 | €259,030 | +€31,386 | +13.8% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €97,250 | €66,146 | -€31,104 | -32.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €983 | €0 | -€983 | -100% |
| Other tangible fixed assets | 26 | €96,268 | €66,146 | -€30,122 | -31.3% |
| Financial fixed assets | 28 | €130,394 | €192,884 | +€62,490 | +47.9% |
| Current assets | 29/58 | €260,631 | €261,636 | +€1,005 | +0.4% |
| Amounts receivable within one year | 40/41 | €96,554 | €110,458 | +€13,905 | +14.4% |
| Trade receivables | 40 | €41,521 | €44,376 | +€2,855 | +6.9% |
| Other amounts receivable | 41 | €55,033 | €66,082 | +€11,050 | +20.1% |
| Cash at bank and in hand | 54/58 | €163,883 | €150,773 | -€13,110 | -8.0% |
| Deferred charges and accrued income | 490/1 | €194 | €404 | +€211 | +109% |
| Total equity and liabilities | 10/49 | €488,275 | €520,666 | +€32,391 | +6.6% |
| Equity | 10/15 | €205,163 | €456,916 | +€251,753 | +123% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €53,092 | €53,092 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,516 | €31,516 | = | 0.0% |
| Distributable reserves | 133 | €15,375 | €15,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,072 | €341,825 | +€251,753 | +280% |
| Amounts payable | 17/49 | €283,112 | €63,750 | -€219,362 | -77.5% |
| Amounts payable within one year | 42/48 | €283,112 | €63,750 | -€219,362 | -77.5% |
| Current portion of amounts payable after more than one year | 42 | - | €50,000 | +€50,000 | |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €26,133 | €13,750 | -€12,383 | -47.4% |
| Suppliers | 440/4 | €26,133 | €13,750 | -€12,383 | -47.4% |
| Taxes, remuneration and social security | 45 | €6,979 | €0 | -€6,979 | -100% |
| Taxes | 450/3 | €6,979 | €0 | -€6,979 | -100% |
| Other amounts payable | 47/48 | €250,000 | €0 | -€250,000 | -100% |
| Remuneration, social security and pensions | 62 | €4,428 | - | -€4,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,310 | €31,104 | +€10,795 | +53.1% |
| Gross operating margin | 9900 | €411,125 | €373,174 | -€37,951 | -9.2% |
| Operating profit (loss) | 9901 | €386,387 | €342,070 | -€44,317 | -11.5% |
| Financial charges | 65/66B | €6,518 | €6,399 | -€119 | -1.8% |
| Recurring financial charges | 65 | €6,518 | €6,399 | -€119 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €379,869 | €335,671 | -€44,198 | -11.6% |
| Income taxes | 67/77 | €94,967 | €83,918 | -€11,050 | -11.6% |
| Profit (loss) for the period | 9904 | €284,902 | €251,753 | -€33,149 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €284,902 | €251,753 | -€33,149 | -11.6% |
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 21 October 2026 via checked.be.