DESENDER JAN: 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.
DESENDER JAN
Largest movements
- Receivables within one year +€51,374
up €51,374 (+42.0%), from €122,200 to €173,574
of which Trade receivables: +€58,711
- Cash -€47,536
down €47,536 (-36.1%), from €131,828 to €84,293
mainly Investment in fixed assets (net) (-€94,250) and Receivables within one year (-€51,374)
- Tangible fixed assets +€16,988
up €16,988 (+8.8%), from €192,293 to €209,280
of which Furniture and vehicles: +€64,239
- Trade debts -€38,902
down €38,902 (-79.6%), from €48,899 to €9,998
- Reserves +€36,623
up €36,623 (+20.8%), from €176,323 to €212,947
of which Distributable reserves: +€38,223
- Debts after one year +€20,085
up €20,085 (+38.3%), from €52,443 to €72,528
- Tax, wage and social debts -€7,228
down €7,228 (-32.8%), from €22,050 to €14,821
of which Remuneration and social security: -€10,045
- Current portion of long-term debt +€4,871
up €4,871 (+10.6%), from €46,157 to €51,028
- Gross operating margin +€86,253
up €86,253 (+28.8%), from €299,356 to €385,610
- Staff costs +€19,167
up €19,167 (+12.0%), from €159,135 to €178,302
- Other operating charges +€17,588
up €17,588 (+38.6%), from €45,622 to €63,210
- Financial charges +€10,659
up €10,659 (+166%), from €6,415 to €17,074
of which Non-recurring financial charges: +€8,225
- Taxes +€8,799
up €8,799 (+225%), from €3,907 to €12,706
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 | €447,968 | €469,152 | +€21,184 | +4.7% |
| Fixed assets | 21/28 | €192,293 | €209,280 | +€16,988 | +8.8% |
| Tangible fixed assets | 22/27 | €192,293 | €209,280 | +€16,988 | +8.8% |
| Plant, machinery and equipment | 23 | €11,928 | €9,883 | -€2,045 | -17.1% |
| Furniture and vehicles | 24 | €102,624 | €166,864 | +€64,239 | +62.6% |
| Leasing and similar rights | 25 | €75,776 | €31,226 | -€44,550 | -58.8% |
| Other tangible fixed assets | 26 | €1,965 | €1,309 | -€656 | -33.4% |
| Current assets | 29/58 | €255,676 | €259,872 | +€4,196 | +1.6% |
| Amounts receivable within one year | 40/41 | €122,200 | €173,574 | +€51,374 | +42.0% |
| Trade receivables | 40 | €112,266 | €170,977 | +€58,711 | +52.3% |
| Other amounts receivable | 41 | €9,934 | €2,597 | -€7,337 | -73.9% |
| Cash at bank and in hand | 54/58 | €131,828 | €84,293 | -€47,536 | -36.1% |
| Deferred charges and accrued income | 490/1 | €1,647 | €2,006 | +€358 | +21.7% |
| Total equity and liabilities | 10/49 | €447,968 | €469,152 | +€21,184 | +4.7% |
| Equity | 10/15 | €216,323 | €252,947 | +€36,623 | +16.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €176,323 | €212,947 | +€36,623 | +20.8% |
| Tax-exempt reserves | 132 | €5,637 | €4,037 | -€1,600 | -28.4% |
| Distributable reserves | 133 | €170,686 | €208,909 | +€38,223 | +22.4% |
| Provisions and deferred taxes | 16 | €1,409 | €1,009 | -€400 | -28.4% |
| Deferred taxes | 168 | €1,409 | €1,009 | -€400 | -28.4% |
| Amounts payable | 17/49 | €230,236 | €215,196 | -€15,039 | -6.5% |
| Amounts payable after more than one year | 17 | €52,443 | €72,528 | +€20,085 | +38.3% |
| Financial debts | 170/4 | €52,443 | €72,528 | +€20,085 | +38.3% |
| Amounts payable within one year | 42/48 | €174,886 | €136,606 | -€38,279 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €46,157 | €51,028 | +€4,871 | +10.6% |
| Trade debts | 44 | €48,899 | €9,998 | -€38,902 | -79.6% |
| Suppliers | 440/4 | €48,899 | €9,998 | -€38,902 | -79.6% |
| Taxes, remuneration and social security | 45 | €22,050 | €14,821 | -€7,228 | -32.8% |
| Taxes | 450/3 | €11,139 | €13,956 | +€2,817 | +25.3% |
| Remuneration and social security | 454/9 | €10,911 | €865 | -€10,045 | -92.1% |
| Other amounts payable | 47/48 | €57,780 | €60,760 | +€2,979 | +5.2% |
| Accrued charges and deferred income | 492/3 | €2,907 | €6,062 | +€3,155 | +109% |
| Remuneration, social security and pensions | 62 | €159,135 | €178,302 | +€19,167 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,054 | €77,262 | +€208 | +0.3% |
| Other operating charges | 640/8 | €45,622 | €63,210 | +€17,588 | +38.6% |
| Gross operating margin | 9900 | €299,356 | €385,610 | +€86,253 | +28.8% |
| Operating profit (loss) | 9901 | €17,545 | €66,835 | +€49,290 | +281% |
| Financial income | 75/76B | €805 | €1 | -€804 | -99.9% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +2.1% |
| Non-recurring financial income | 76B | €804 | - | -€804 | |
| Financial charges | 65/66B | €6,415 | €17,074 | +€10,659 | +166% |
| Recurring financial charges | 65 | €6,415 | €8,849 | +€2,434 | +37.9% |
| Non-recurring financial charges | 66B | - | €8,225 | +€8,225 | |
| Profit (loss) for the period before taxes | 9903 | €11,935 | €49,762 | +€37,827 | +317% |
| Transfer from deferred taxes | 780 | €400 | €400 | = | 0.0% |
| Income taxes | 67/77 | €3,907 | €12,706 | +€8,799 | +225% |
| Profit (loss) for the period | 9904 | €8,428 | €37,456 | +€29,028 | +344% |
| Transfer from tax-exempt reserves | 789 | €1,600 | €1,600 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,028 | €39,056 | +€29,028 | +289% |
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 15 October 2026 via checked.be.