DEMAUDE PASCAL: what changed
Two fiscal 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.
DEMAUDE PASCAL
Largest movements
- Receivables within one year +€7,384
up €7,384 (+14.0%), from €52,801 to €60,185
of which Trade receivables: +€9,901
- Stocks and contracts +€6,463
up €6,463 (+144.1%), from €4,487 to €10,950
- Tangible fixed assets -€4,430
down €4,430 (-11.7%), from €37,999 to €33,569
of which Land and buildings: -€5,308
- Short-term financial debts -€62,155
no longer reported in 2024 (was €62,155)
- Current portion of long-term debt +€52,273
up €52,273 (+644.1%), from €8,116 to €60,389
- Profit (loss) carried forward +€33,987
up €33,987, from -€24,817 to €9,170
- Other debts -€10,331
down €10,331 (-81.3%), from €12,708 to €2,377
- Trade debts -€8,264
down €8,264 (-89.2%), from €9,261 to €997
- Gross operating margin +€19,168
up €19,168 (+49.5%), from €38,755 to €57,923
- Other operating charges -€16,774
no longer reported in 2024 (was €16,774)
- Taxes +€4,839
new in 2024: €4,839
- Financial charges +€609
up €609 (+5.5%), from €11,004 to €11,614
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.
Cash bridge derived
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 | €98,439 | €108,404 | +€9,965 | +10.1% |
| Fixed assets | 21/28 | €38,249 | €33,819 | -€4,430 | -11.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €37,999 | €33,569 | -€4,430 | -11.7% |
| Land and buildings | 22 | €34,057 | €28,750 | -€5,308 | -15.6% |
| Plant, machinery and equipment | 23 | €1,244 | €757 | -€487 | -39.1% |
| Furniture and vehicles | 24 | €2,086 | €1,968 | -€118 | -5.6% |
| Other tangible fixed assets | 26 | €611 | €2,094 | +€1,482 | +242.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €60,191 | €74,585 | +€14,394 | +23.9% |
| Stocks and contracts in progress | 3 | €4,487 | €10,950 | +€6,463 | +144.1% |
| Stocks | 30/36 | €4,487 | €10,950 | +€6,463 | +144.1% |
| Amounts receivable within one year | 40/41 | €52,801 | €60,185 | +€7,384 | +14.0% |
| Trade receivables | 40 | €8,734 | €18,635 | +€9,901 | +113.4% |
| Other amounts receivable | 41 | €44,066 | €41,550 | -€2,517 | -5.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,891 | €3,450 | +€559 | +19.3% |
| Deferred charges and accrued income | 490/1 | €12 | - | -€12 | |
| Total equity and liabilities | 10/49 | €98,439 | €108,404 | +€9,965 | +10.1% |
| Equity | 10/15 | €5,815 | €39,802 | +€33,987 | +584.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,040 | €12,040 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €10,181 | €10,181 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,817 | €9,170 | +€33,987 | |
| Amounts payable | 17/49 | €92,624 | €68,602 | -€24,022 | -25.9% |
| Amounts payable within one year | 42/48 | €92,240 | €68,602 | -€23,638 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €8,116 | €60,389 | +€52,273 | +644.1% |
| Financial debts | 43 | €62,155 | - | -€62,155 | |
| Credit institutions | 430/8 | €62,155 | - | -€62,155 | |
| Trade debts | 44 | €9,261 | €997 | -€8,264 | -89.2% |
| Suppliers | 440/4 | €9,261 | €997 | -€8,264 | -89.2% |
| Taxes, remuneration and social security | 45 | €0 | €4,839 | +€4,839 | |
| Taxes | 450/3 | €0 | €4,839 | +€4,839 | |
| Other amounts payable | 47/48 | €12,708 | €2,377 | -€10,331 | -81.3% |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,314 | €7,483 | +€169 | +2.3% |
| Other operating charges | 640/8 | €16,774 | - | -€16,774 | |
| Gross operating margin | 9900 | €38,755 | €57,923 | +€19,168 | +49.5% |
| Operating profit (loss) | 9901 | €14,667 | €50,439 | +€35,773 | +243.9% |
| Financial income | 75/76B | €22 | €0 | -€22 | -99.9% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -99.9% |
| Financial charges | 65/66B | €11,004 | €11,614 | +€609 | +5.5% |
| Recurring financial charges | 65 | €11,004 | €11,614 | +€609 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €3,684 | €38,826 | +€35,142 | +953.8% |
| Income taxes | 67/77 | - | €4,839 | +€4,839 | |
| Profit (loss) for the period | 9904 | €3,684 | €33,987 | +€30,303 | +822.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,684 | €33,987 | +€30,303 | +822.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.