DESIGN DIFFUSION: 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.
What changed
DESIGN DIFFUSION
NACE 47.789, Other retail sale of new goods
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€155,429
2023 · -€325,991+€170,562
Equity
€1.5m
2023 · €1.6m-€155,429
Cash
€558,422
2023 · €885,434-€327,013
Balance sheet total
€5.1m
2023 · €6.2m-€1.1m
Largest movements
Assets
- Receivables within one year -€963,330
down €963,330 (-23.7%), from €4.1m to €3.1m
of which Other amounts receivable: -€973,184
- Cash -€327,013
down €327,013 (-36.9%), from €885,434 to €558,422
mainly Trade debts (-€533,228) and Investment in fixed assets (net) (-€351,198)
- Intangible fixed assets +€157,335
up €157,335 (+472.0%), from €33,335 to €190,670
- Tangible fixed assets +€80,097
up €80,097 (+20.2%), from €396,412 to €476,509
of which Plant, machinery and equipment: +€171,369
Equity and liabilities
- Trade debts -€533,228
down €533,228 (-16.1%), from €3.3m to €2.8m
- Short-term financial debts -€279,367
down €279,367 (-48.1%), from €580,790 to €301,423
- Reserves -€155,429
down €155,429 (-9.6%), from €1.6m to €1.5m
of which Tax-exempt reserves: -€178,000
Income statement
- Turnover -€428,365
down €428,365 (-2.5%), from €17.1m to €16.7m
- Goods and materials -€225,333
down €225,333 (-1.8%), from €12.7m to €12.5m
of which Purchases: -€215,573
- Staff costs -€219,430
down €219,430 (-13.4%), from €1.6m to €1.4m
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.
Result 2023
-€325,991
Turnover
-€428,365
Other operating income
+€32,264
Goods and materials
+€225,333
Services and other goods
-€126,484
Staff costs
+€219,430
Depreciation
+€1,393
Write-downs
-€53,950
Other operating charges
+€9,708
Other operating items
+€435,962
Financial income
-€16,023
Financial charges
-€129,814
Taxes
+€1,107
Result 2024
-€155,429
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.
From operations
+€374,496
Investment
-€351,198
Financing
-€350,311
Cash 2023
€885,434
From operations (derived)
+€374,496
Net result for the year
-€155,429
Depreciation
+€113,766
Stocks and contracts
+€32,663
Receivables within one year
+€963,330
Deferred charges and accrued income
-€21,075
Trade debts
-€533,228
Tax, wage and social debts
-€60,817
Other debts
+€36,665
Accrued charges and deferred income
-€1,377
Investment (derived)
-€351,198
Investment in fixed assets (net)
-€351,198
Financing
-€350,311
Debts after one year
-€49,827
Current portion of long-term debt
-€21,118
Short-term financial debts
-€279,367
Cash 2024
€558,422
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,201,819 | €5,137,320 | -€1.1m | -17.2% |
| Fixed assets | 21/28 | €619,994 | €857,426 | +€237,432 | +38.3% |
| Intangible fixed assets | 21 | €33,335 | €190,670 | +€157,335 | +472.0% |
| Tangible fixed assets | 22/27 | €396,412 | €476,509 | +€80,097 | +20.2% |
| Land and buildings | 22 | €124,499 | €118,502 | -€5,996 | -4.8% |
| Plant, machinery and equipment | 23 | €16,958 | €188,326 | +€171,369 | +1010.6% |
| Furniture and vehicles | 24 | €108,588 | €75,311 | -€33,277 | -30.6% |
| Leasing and similar rights | 25 | €60,294 | €35,174 | -€25,120 | -41.7% |
| Other tangible fixed assets | 26 | €86,074 | €59,195 | -€26,879 | -31.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €190,247 | €190,247 | = | 0.0% |
| Other financial fixed assets | 284/8 | €190,247 | €190,247 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €190,247 | €190,247 | = | 0.0% |
| Current assets | 29/58 | €5,581,825 | €4,279,894 | -€1.3m | -23.3% |
| Stocks and contracts in progress | 3 | €587,506 | €554,843 | -€32,663 | -5.6% |
| Stocks | 30/36 | €587,506 | €554,843 | -€32,663 | -5.6% |
| Raw materials and consumables | 30/31 | - | €3,500 | +€3,500 | |
| Goods purchased for resale | 34 | €587,506 | €551,343 | -€36,163 | -6.2% |
| Amounts receivable within one year | 40/41 | €4,061,438 | €3,098,108 | -€963,330 | -23.7% |
| Trade receivables | 40 | €1,064,733 | €1,074,587 | +€9,854 | +0.9% |
| Other amounts receivable | 41 | €2,996,704 | €2,023,521 | -€973,184 | -32.5% |
| Cash at bank and in hand | 54/58 | €885,434 | €558,422 | -€327,013 | -36.9% |
| Deferred charges and accrued income | 490/1 | €47,446 | €68,522 | +€21,075 | +44.4% |
| Total equity and liabilities | 10/49 | €6,201,819 | €5,137,320 | -€1.1m | -17.2% |
| Equity | 10/15 | €1,630,772 | €1,475,343 | -€155,429 | -9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,612,172 | €1,456,743 | -€155,429 | -9.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €388,500 | €210,500 | -€178,000 | -45.8% |
| Distributable reserves | 133 | €1,221,812 | €1,246,243 | +€24,431 | +2.0% |
| Amounts payable | 17/49 | €4,571,047 | €3,661,977 | -€909,070 | -19.9% |
| Amounts payable after more than one year | 17 | €72,403 | €22,576 | -€49,827 | -68.8% |
| Financial debts | 170/4 | €72,403 | €22,576 | -€49,827 | -68.8% |
| Leasing and similar obligations | 172 | €29,637 | €0 | -€29,637 | -100.0% |
| Credit institutions | 173 | €42,766 | €22,576 | -€20,190 | -47.2% |
| Amounts payable within one year | 42/48 | €4,481,981 | €3,624,116 | -€857,866 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €71,828 | €50,710 | -€21,118 | -29.4% |
| Financial debts | 43 | €580,790 | €301,423 | -€279,367 | -48.1% |
| Credit institutions | 430/8 | €580,790 | €301,423 | -€279,367 | -48.1% |
| Trade debts | 44 | €3,315,557 | €2,782,329 | -€533,228 | -16.1% |
| Suppliers | 440/4 | €3,315,557 | €2,782,329 | -€533,228 | -16.1% |
| Taxes, remuneration and social security | 45 | €362,218 | €301,401 | -€60,817 | -16.8% |
| Taxes | 450/3 | €29,252 | €14,699 | -€14,553 | -49.8% |
| Remuneration and social security | 454/9 | €332,966 | €286,702 | -€46,264 | -13.9% |
| Other amounts payable | 47/48 | €151,588 | €188,253 | +€36,665 | +24.2% |
| Accrued charges and deferred income | 492/3 | €16,662 | €15,285 | -€1,377 | -8.3% |
| Operating income | 70/76A | €17,428,964 | €17,440,158 | +€11,194 | +0.1% |
| Turnover | 70 | €17,079,569 | €16,651,204 | -€428,365 | -2.5% |
| Other operating income | 74 | €349,394 | €381,659 | +€32,264 | +9.2% |
| Non-recurring operating income | 76A | €0 | €407,295 | +€407,295 | |
| Operating charges | 60/66A | €17,751,079 | €17,446,981 | -€304,097 | -1.7% |
| Goods for resale, raw materials and consumables | 60 | €12,707,020 | €12,481,687 | -€225,333 | -1.8% |
| Purchases | 600/8 | €12,664,596 | €12,449,023 | -€215,573 | -1.7% |
| Change in stocks: decrease (increase) | 609 | €42,424 | €32,663 | -€9,761 | -23.0% |
| Services and other goods | 61 | €3,287,087 | €3,413,572 | +€126,484 | +3.8% |
| Remuneration, social security and pensions | 62 | €1,637,976 | €1,418,546 | -€219,430 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,159 | €113,766 | -€1,393 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€58,833 | -€4,883 | +€53,950 | +91.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €34,002 | €24,294 | -€9,708 | -28.6% |
| Non-recurring operating charges | 66A | €28,668 | €0 | -€28,668 | -100.0% |
| Operating profit (loss) | 9901 | -€322,115 | -€6,824 | +€315,291 | +97.9% |
| Financial income | 75/76B | €64,666 | €48,642 | -€16,023 | -24.8% |
| Recurring financial income | 75 | €64,666 | €48,642 | -€16,023 | -24.8% |
| Income from current assets | 751 | €60,904 | €45,311 | -€15,593 | -25.6% |
| Other financial income | 752/9 | €3,762 | €3,331 | -€430 | -11.4% |
| Financial charges | 65/66B | €66,179 | €195,993 | +€129,814 | +196.2% |
| Recurring financial charges | 65 | €66,179 | €195,993 | +€129,814 | +196.2% |
| Debt charges | 650 | €33,997 | €38,404 | +€4,407 | +13.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €32,182 | €157,589 | +€125,407 | +389.7% |
| Profit (loss) for the period before taxes | 9903 | -€323,628 | -€154,174 | +€169,455 | +52.4% |
| Income taxes | 67/77 | €2,363 | €1,255 | -€1,107 | -46.9% |
| Taxes | 670/3 | €2,363 | €1,255 | -€1,107 | -46.9% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€325,991 | -€155,429 | +€170,562 | +52.3% |
| Transfer from tax-exempt reserves | 789 | €155,000 | €178,000 | +€23,000 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€170,991 | €22,571 | +€193,562 |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.