DE WAELE IVAN: what changed
What changed
DE WAELE IVAN
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€23,394
2023 · -€39,809+€63,202
Equity
€85,449
2023 · €62,056+€23,394
Cash
€80,281
2023 · €67,598+€12,683
Balance sheet total
€120,054
2023 · €104,680+€15,374
Largest movements
Assets
- Cash +€12,683
up €12,683 (+18.8%), from €67,598 to €80,281
mainly Net result for the year (+€23,394) and Depreciation (+€7,755)
- Receivables within one year +€9,365
up €9,365 (+111%), from €8,439 to €17,803
of which Other amounts receivable: +€6,128
- Tangible fixed assets -€7,098
down €7,098 (-29.0%), from €24,466 to €17,368
of which Furniture and vehicles: -€6,167
Equity and liabilities
- Profit (loss) carried forward +€23,394
up €23,394 (+59.4%), from -€39,403 to -€16,009
- Other debts -€5,278
down €5,278 (-18.3%), from €28,792 to €23,513
- Trade debts -€2,422
down €2,422 (-27.5%), from €8,794 to €6,372
Income statement
- Gross operating margin +€65,118
up €65,118, from -€28,582 to €36,536
- Other operating charges +€1,392
up €1,392 (+101%), from €1,373 to €2,764
- Depreciation +€613
up €613 (+8.6%), from €7,141 to €7,755
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€39,809
Gross operating margin
+€65,118
Depreciation
-€613
Other operating charges
-€1,392
Other operating items
-€213
Financial income
+€268
Financial charges
+€60
Taxes
-€25
Result 2024
€23,394
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€13,339
Investment
-€656
Financing
€0
Cash 2023
€67,598
From operations (derived)
+€13,339
Net result for the year
+€23,394
Depreciation
+€7,755
Stocks and contracts
+€697
Receivables within one year
-€9,365
Deferred charges and accrued income
-€1,122
Trade debts
-€2,422
Tax, wage and social debts
+€118
Other debts
-€5,278
Accrued charges and deferred income
-€438
Investment (derived)
-€656
Investment in fixed assets (net)
-€656
Cash 2024
€80,281
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,680 | €120,054 | +€15,374 | +14.7% |
| Fixed assets | 21/28 | €24,491 | €17,393 | -€7,098 | -29.0% |
| Tangible fixed assets | 22/27 | €24,466 | €17,368 | -€7,098 | -29.0% |
| Plant, machinery and equipment | 23 | €2,721 | €1,789 | -€932 | -34.2% |
| Furniture and vehicles | 24 | €21,746 | €15,579 | -€6,167 | -28.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €80,189 | €102,661 | +€22,472 | +28.0% |
| Stocks and contracts in progress | 3 | €3,152 | €2,455 | -€697 | -22.1% |
| Stocks | 30/36 | €3,152 | €2,455 | -€697 | -22.1% |
| Amounts receivable within one year | 40/41 | €8,439 | €17,803 | +€9,365 | +111% |
| Trade receivables | 40 | €382 | €3,619 | +€3,237 | +848% |
| Other amounts receivable | 41 | €8,057 | €14,185 | +€6,128 | +76.1% |
| Cash at bank and in hand | 54/58 | €67,598 | €80,281 | +€12,683 | +18.8% |
| Deferred charges and accrued income | 490/1 | €1,000 | €2,122 | +€1,122 | +112% |
| Total equity and liabilities | 10/49 | €104,680 | €120,054 | +€15,374 | +14.7% |
| Equity | 10/15 | €62,056 | €85,449 | +€23,394 | +37.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €89,059 | €89,059 | = | 0.0% |
| 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 | €87,199 | €87,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,403 | -€16,009 | +€23,394 | +59.4% |
| Amounts payable | 17/49 | €42,624 | €34,604 | -€8,020 | -18.8% |
| Amounts payable within one year | 42/48 | €38,868 | €31,286 | -€7,582 | -19.5% |
| Trade debts | 44 | €8,794 | €6,372 | -€2,422 | -27.5% |
| Suppliers | 440/4 | €8,794 | €6,372 | -€2,422 | -27.5% |
| Taxes, remuneration and social security | 45 | €1,283 | €1,401 | +€118 | +9.2% |
| Taxes | 450/3 | €1,283 | €1,401 | +€118 | +9.2% |
| Other amounts payable | 47/48 | €28,792 | €23,513 | -€5,278 | -18.3% |
| Accrued charges and deferred income | 492/3 | €3,756 | €3,318 | -€438 | -11.7% |
| Non-recurring operating income | 76A | - | €939 | +€939 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,141 | €7,755 | +€613 | +8.6% |
| Other operating charges | 640/8 | €1,373 | €2,764 | +€1,392 | +101% |
| Non-recurring operating charges | 66A | - | €213 | +€213 | |
| Gross operating margin | 9900 | -€28,582 | €36,536 | +€65,118 | |
| Operating profit (loss) | 9901 | -€37,096 | €25,804 | +€62,899 | |
| Financial income | 75/76B | €240 | €508 | +€268 | +112% |
| Recurring financial income | 75 | €240 | €508 | +€268 | +112% |
| Financial charges | 65/66B | €2,768 | €2,708 | -€60 | -2.2% |
| Recurring financial charges | 65 | €2,768 | €2,708 | -€60 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,624 | €23,603 | +€63,227 | |
| Income taxes | 67/77 | €185 | €210 | +€25 | +13.6% |
| Profit (loss) for the period | 9904 | -€39,809 | €23,394 | +€63,202 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,809 | €23,394 | +€63,202 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.