DEN HERDER: 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.
DEN HERDER
Largest movements
- Cash -€153,398
down €153,398 (-42.8%), from €358,057 to €204,659
mainly Other debts (-€101,669) and Tax, wage and social debts (-€47,673)
- Receivables within one year +€32,293
up €32,293 (+243%), from €13,287 to €45,580
of which Other amounts receivable: +€33,004
- Stocks and contracts -€12,398
no longer reported in 2024 (was €12,398)
- Tangible fixed assets -€5,586
down €5,586 (-26.1%), from €21,385 to €15,800
of which Land and buildings: -€7,611
- Other debts -€101,669
no longer reported in 2024 (was €101,669)
- Reserves +€48,965
up €48,965 (+26.4%), from €185,372 to €234,337
of which Distributable reserves: +€48,965
- Tax, wage and social debts -€47,673
down €47,673 (-72.0%), from €66,180 to €18,507
of which Remuneration and social security: -€28,847
- Trade debts -€22,773
down €22,773 (-85.7%), from €26,577 to €3,804
- Current portion of long-term debt -€14,504
no longer reported in 2024 (was €14,504)
- Gross operating margin -€192,471
down €192,471 (-49.2%), from €391,516 to €199,045
- Staff costs -€117,811
down €117,811 (-49.9%), from €236,098 to €118,287
- Taxes -€28,156
down €28,156 (-65.1%), from €43,269 to €15,113
- Other operating charges +€13,484
up €13,484 (+997%), from €1,352 to €14,837
- Depreciation -€10,605
down €10,605 (-94.9%), from €11,175 to €570
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 | €409,185 | €269,049 | -€140,137 | -34.2% |
| Fixed assets | 21/28 | €24,069 | €16,400 | -€7,669 | -31.9% |
| Intangible fixed assets | 21 | €2,083 | - | -€2,083 | |
| Tangible fixed assets | 22/27 | €21,385 | €15,800 | -€5,586 | -26.1% |
| Land and buildings | 22 | €7,611 | - | -€7,611 | |
| Plant, machinery and equipment | 23 | €4,060 | - | -€4,060 | |
| Furniture and vehicles | 24 | €9,714 | €15,800 | +€6,086 | +62.6% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €385,117 | €252,649 | -€132,468 | -34.4% |
| Stocks and contracts in progress | 3 | €12,398 | - | -€12,398 | |
| Stocks | 30/36 | €12,398 | - | -€12,398 | |
| Amounts receivable within one year | 40/41 | €13,287 | €45,580 | +€32,293 | +243% |
| Trade receivables | 40 | €711 | - | -€711 | |
| Other amounts receivable | 41 | €12,576 | €45,580 | +€33,004 | +262% |
| Cash at bank and in hand | 54/58 | €358,057 | €204,659 | -€153,398 | -42.8% |
| Deferred charges and accrued income | 490/1 | €1,375 | €2,410 | +€1,035 | +75.3% |
| Total equity and liabilities | 10/49 | €409,185 | €269,049 | -€140,137 | -34.2% |
| Equity | 10/15 | €197,772 | €246,737 | +€48,965 | +24.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €185,372 | €234,337 | +€48,965 | +26.4% |
| 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 | €183,512 | €232,477 | +€48,965 | +26.7% |
| Amounts payable | 17/49 | €211,413 | €22,311 | -€189,102 | -89.4% |
| Amounts payable within one year | 42/48 | €208,930 | €22,311 | -€186,619 | -89.3% |
| Current portion of amounts payable after more than one year | 42 | €14,504 | - | -€14,504 | |
| Trade debts | 44 | €26,577 | €3,804 | -€22,773 | -85.7% |
| Suppliers | 440/4 | €26,577 | €3,804 | -€22,773 | -85.7% |
| Taxes, remuneration and social security | 45 | €66,180 | €18,507 | -€47,673 | -72.0% |
| Taxes | 450/3 | €37,333 | €18,507 | -€18,826 | -50.4% |
| Remuneration and social security | 454/9 | €28,847 | - | -€28,847 | |
| Other amounts payable | 47/48 | €101,669 | - | -€101,669 | |
| Accrued charges and deferred income | 492/3 | €2,483 | - | -€2,483 | |
| Remuneration, social security and pensions | 62 | €236,098 | €118,287 | -€117,811 | -49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,175 | €570 | -€10,605 | -94.9% |
| Other operating charges | 640/8 | €1,352 | €14,837 | +€13,484 | +997% |
| Gross operating margin | 9900 | €391,516 | €199,045 | -€192,471 | -49.2% |
| Operating profit (loss) | 9901 | €142,891 | €65,352 | -€77,539 | -54.3% |
| Financial income | 75/76B | €25 | €1,279 | +€1,254 | +5,107% |
| Recurring financial income | 75 | €25 | €1,279 | +€1,254 | +5,107% |
| Financial charges | 65/66B | €4,201 | €2,552 | -€1,649 | -39.3% |
| Recurring financial charges | 65 | €4,201 | €2,552 | -€1,649 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €138,714 | €64,078 | -€74,636 | -53.8% |
| Income taxes | 67/77 | €43,269 | €15,113 | -€28,156 | -65.1% |
| Profit (loss) for the period | 9904 | €95,445 | €48,965 | -€46,480 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,445 | €48,965 | -€46,480 | -48.7% |
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 16 October 2026 via checked.be.