DEGROOTE LUC: 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.
DEGROOTE LUC
Largest movements
- Receivables within one year +€303,737
up €303,737 (+18.4%), from €1.6m to €2.0m
of which Trade receivables: +€323,098
- Tangible fixed assets +€68,554
up €68,554 (+109%), from €62,638 to €131,193
of which Furniture and vehicles: +€61,726
- Stocks and contracts +€44,536
up €44,536 (+35.2%), from €126,604 to €171,140
- Debts after one year +€151,163
up €151,163 (+90.0%), from €167,944 to €319,107
- Short-term financial debts +€150,000
up €150,000 (+54.5%), from €275,000 to €425,000
- Trade debts +€81,595
up €81,595 (+7.8%), from €1.0m to €1.1m
- Other debts -€51,988
down €51,988 (-23.3%), from €222,909 to €170,921
- Profit (loss) carried forward +€51,248
no longer reported in 2024 (was -€51,248)
- Gross operating margin +€16,743
up €16,743 (+10.7%), from €156,860 to €173,603
- Taxes +€11,159
up €11,159 (+51.2%), from €21,812 to €32,971
- Depreciation -€8,260
down €8,260 (-22.0%), from €37,590 to €29,330
- Financial charges +€6,338
up €6,338 (+27.3%), from €23,217 to €29,555
- Staff costs -€3,088
down €3,088 (-43.2%), from €7,151 to €4,063
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 | €1,883,654 | €2,290,911 | +€407,257 | +21.6% |
| Fixed assets | 21/28 | €62,638 | €131,193 | +€68,554 | +109% |
| Tangible fixed assets | 22/27 | €62,638 | €131,193 | +€68,554 | +109% |
| Land and buildings | 22 | €0 | - | -€0 | |
| Plant, machinery and equipment | 23 | €8,412 | €15,240 | +€6,828 | +81.2% |
| Furniture and vehicles | 24 | €54,226 | €115,953 | +€61,726 | +114% |
| Current assets | 29/58 | €1,821,016 | €2,159,718 | +€338,703 | +18.6% |
| Amounts receivable after more than one year | 29 | €17,716 | €8,858 | -€8,858 | -50.0% |
| Trade receivables | 290 | €17,716 | €8,858 | -€8,858 | -50.0% |
| Stocks and contracts in progress | 3 | €126,604 | €171,140 | +€44,536 | +35.2% |
| Stocks | 30/36 | €126,604 | €171,140 | +€44,536 | +35.2% |
| Amounts receivable within one year | 40/41 | €1,647,620 | €1,951,358 | +€303,737 | +18.4% |
| Trade receivables | 40 | €1,628,260 | €1,951,358 | +€323,098 | +19.8% |
| Other amounts receivable | 41 | €19,360 | - | -€19,360 | |
| Cash at bank and in hand | 54/58 | €21,066 | €23,465 | +€2,399 | +11.4% |
| Deferred charges and accrued income | 490/1 | €8,009 | €4,897 | -€3,112 | -38.9% |
| Total equity and liabilities | 10/49 | €1,883,654 | €2,290,911 | +€407,257 | +21.6% |
| Equity | 10/15 | €91,449 | €155,561 | +€64,113 | +70.1% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €18,750 | €31,614 | +€12,864 | +68.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | - | €12,864 | +€12,864 | |
| Profit (loss) carried forward | 14 | -€51,248 | - | +€51,248 | |
| Amounts payable | 17/49 | €1,792,205 | €2,135,350 | +€343,144 | +19.1% |
| Amounts payable after more than one year | 17 | €167,944 | €319,107 | +€151,163 | +90.0% |
| Financial debts | 170/4 | €167,944 | €319,107 | +€151,163 | +90.0% |
| Amounts payable within one year | 42/48 | €1,624,261 | €1,816,242 | +€191,982 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €39,964 | €48,754 | +€8,790 | +22.0% |
| Financial debts | 43 | €275,000 | €425,000 | +€150,000 | +54.5% |
| Credit institutions | 430/8 | €275,000 | €425,000 | +€150,000 | +54.5% |
| Trade debts | 44 | €1,049,892 | €1,131,487 | +€81,595 | +7.8% |
| Suppliers | 440/4 | €1,049,892 | €1,131,487 | +€81,595 | +7.8% |
| Taxes, remuneration and social security | 45 | €36,495 | €40,080 | +€3,585 | +9.8% |
| Taxes | 450/3 | €35,906 | €40,079 | +€4,173 | +11.6% |
| Remuneration and social security | 454/9 | €589 | €2 | -€588 | -99.7% |
| Other amounts payable | 47/48 | €222,909 | €170,921 | -€51,988 | -23.3% |
| Non-recurring operating income | 76A | €12,000 | - | -€12,000 | |
| Remuneration, social security and pensions | 62 | €7,151 | €4,063 | -€3,088 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,590 | €29,330 | -€8,260 | -22.0% |
| Other operating charges | 640/8 | €10,420 | €12,517 | +€2,097 | +20.1% |
| Non-recurring operating charges | 66A | €1,847 | €1,061 | -€786 | -42.5% |
| Gross operating margin | 9900 | €156,860 | €173,603 | +€16,743 | +10.7% |
| Operating profit (loss) | 9901 | €99,853 | €126,633 | +€26,780 | +26.8% |
| Financial income | 75/76B | €1 | €6 | +€5 | +330% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +330% |
| Financial charges | 65/66B | €23,217 | €29,555 | +€6,338 | +27.3% |
| Recurring financial charges | 65 | €23,217 | €29,555 | +€6,338 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €76,637 | €97,084 | +€20,447 | +26.7% |
| Income taxes | 67/77 | €21,812 | €32,971 | +€11,159 | +51.2% |
| Profit (loss) for the period | 9904 | €54,825 | €64,113 | +€9,288 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,825 | €64,113 | +€9,288 | +16.9% |
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.