DETAFORM: 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.
What changed
DETAFORM
NACE 16.210, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€315,714
2023 · €2.8m-€3.1m
Equity
€5.6m
2023 · €5.9m-€315,714
Cash
€194,984
2023 · €293,398-€98,415
Balance sheet total
€12.5m
2023 · €12.7m-€112,917
Largest movements
Assets
- Tangible fixed assets +€2.0m
up €2.0m (+333.8%), from €602,205 to €2.6m
of which Assets under construction and advance payments: +€1.3m
- Current investments -€2.0m
down €2.0m (-47.6%), from €4.2m to €2.2m
Equity and liabilities
- Trade debts +€351,794
up €351,794 (+66.0%), from €532,753 to €884,546
- Reserves -€315,714
down €315,714 (-5.5%), from €5.8m to €5.5m
of which Distributable reserves: -€287,947
Income statement
- Turnover -€397,452
down €397,452 (-98.6%), from €403,002 to €5,550
- Staff costs -€330,793
down €330,793 (-58.2%), from €568,603 to €237,810
- Goods and materials -€290,820
down €290,820 (-100.0%), from €290,820 to €0
of which Change in stocks: decrease (increase): -€269,438
- Other operating income -€91,500
down €91,500 (-25.4%), from €360,516 to €269,016
- Services and other goods -€71,631
down €71,631 (-19.0%), from €376,593 to €304,961
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
€2.8m
Turnover
-€397,452
Other operating income
-€91,500
Goods and materials
+€290,820
Services and other goods
+€71,631
Staff costs
+€330,793
Depreciation
-€31,018
Other operating charges
+€41,621
Other operating items
-€4.4m
Financial income
-€3,547
Financial charges
-€39,661
Taxes
-€1
Deferred taxes and other
+€1.1m
Result 2024
-€315,714
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
-€15,299
Investment
-€76,224
Financing
-€6,892
Cash 2023
€293,398
From operations (derived)
-€15,299
Net result for the year
-€315,714
Depreciation
+€65,836
Receivables within one year
+€16,205
Deferred charges and accrued income
+€8,686
Provisions
-€9,256
Trade debts
+€351,794
Tax, wage and social debts
-€67,818
Advances received
-€66,663
Smaller working-capital items
+€1,631
Investment (derived)
-€76,224
Investment in fixed assets (net)
-€2.1m
Current investments
+€2.0m
Financing
-€6,892
Debts after one year
-€13,182
Current portion of long-term debt
-€5,308
Short-term financial debts
+€11,598
Cash 2024
€194,984
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,655,797 | €12,542,880 | -€112,917 | -0.9% |
| Fixed assets | 21/28 | €7,933,731 | €9,944,119 | +€2.0m | +25.3% |
| Tangible fixed assets | 22/27 | €602,205 | €2,612,593 | +€2.0m | +333.8% |
| Land and buildings | 22 | €520,806 | €518,507 | -€2,299 | -0.4% |
| Plant, machinery and equipment | 23 | €40,696 | €784,820 | +€744,124 | +1828.5% |
| Furniture and vehicles | 24 | €10,243 | €7,163 | -€3,080 | -30.1% |
| Leasing and similar rights | 25 | €30,459 | €11,947 | -€18,512 | -60.8% |
| Assets under construction and advance payments | 27 | - | €1,290,156 | +€1.3m | |
| Financial fixed assets | 28 | €7,331,526 | €7,331,526 | = | 0.0% |
| Affiliated companies | 280/1 | €7,331,526 | €7,331,526 | = | 0.0% |
| Participating interests | 280 | €7,331,526 | €7,331,526 | = | 0.0% |
| Current assets | 29/58 | €4,722,066 | €2,598,761 | -€2.1m | -45.0% |
| Stocks and contracts in progress | 3 | €30,000 | €30,000 | = | 0.0% |
| Stocks | 30/36 | €30,000 | €30,000 | = | 0.0% |
| Raw materials and consumables | 30/31 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €187,001 | €170,796 | -€16,205 | -8.7% |
| Trade receivables | 40 | €152,134 | €50,523 | -€101,611 | -66.8% |
| Other amounts receivable | 41 | €34,868 | €120,274 | +€85,406 | +244.9% |
| Current investments | 50/53 | €4,200,000 | €2,200,000 | -€2.0m | -47.6% |
| Other investments | 51/53 | €4,200,000 | €2,200,000 | -€2.0m | -47.6% |
| Cash at bank and in hand | 54/58 | €293,398 | €194,984 | -€98,415 | -33.5% |
| Deferred charges and accrued income | 490/1 | €11,667 | €2,981 | -€8,686 | -74.4% |
| Total equity and liabilities | 10/49 | €12,655,797 | €12,542,880 | -€112,917 | -0.9% |
| Equity | 10/15 | €5,896,443 | €5,580,729 | -€315,714 | -5.4% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Capital | 10 | €110,000 | €110,000 | = | 0.0% |
| Issued capital | 100 | €110,000 | €110,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €5,786,443 | €5,470,729 | -€315,714 | -5.5% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Legal reserve | 130 | €11,000 | €11,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,364,864 | €3,337,097 | -€27,767 | -0.8% |
| Distributable reserves | 133 | €2,410,579 | €2,122,632 | -€287,947 | -11.9% |
| Provisions and deferred taxes | 16 | €1,092,695 | €1,083,439 | -€9,256 | -0.8% |
| Deferred taxes | 168 | €1,092,695 | €1,083,439 | -€9,256 | -0.8% |
| Amounts payable | 17/49 | €5,666,659 | €5,878,712 | +€212,053 | +3.7% |
| Amounts payable after more than one year | 17 | €1,808,319 | €1,795,137 | -€13,182 | -0.7% |
| Financial debts | 170/4 | €1,808,319 | €1,795,137 | -€13,182 | -0.7% |
| Leasing and similar obligations | 172 | €13,182 | €0 | -€13,182 | -100.0% |
| Other loans | 174 | €1,795,137 | €1,795,137 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,842,916 | €4,070,636 | +€227,720 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €17,177 | €11,869 | -€5,308 | -30.9% |
| Financial debts | 43 | €0 | €11,598 | +€11,598 | |
| Credit institutions | 430/8 | €0 | €11,598 | +€11,598 | |
| Trade debts | 44 | €532,753 | €884,546 | +€351,794 | +66.0% |
| Suppliers | 440/4 | €532,753 | €884,546 | +€351,794 | +66.0% |
| Advances received on contracts in progress | 46 | €601,068 | €534,405 | -€66,663 | -11.1% |
| Taxes, remuneration and social security | 45 | €91,625 | €23,807 | -€67,818 | -74.0% |
| Taxes | 450/3 | €20,973 | €5,331 | -€15,642 | -74.6% |
| Remuneration and social security | 454/9 | €70,652 | €18,476 | -€52,176 | -73.8% |
| Other amounts payable | 47/48 | €2,600,294 | €2,604,411 | +€4,117 | +0.2% |
| Accrued charges and deferred income | 492/3 | €15,424 | €12,939 | -€2,485 | -16.1% |
| Operating income | 70/76A | €5,222,190 | €347,066 | -€4.9m | -93.4% |
| Turnover | 70 | €403,002 | €5,550 | -€397,452 | -98.6% |
| Other operating income | 74 | €360,516 | €269,016 | -€91,500 | -25.4% |
| Non-recurring operating income | 76A | €4,458,671 | €72,500 | -€4.4m | -98.4% |
| Operating charges | 60/66A | €1,325,381 | €621,533 | -€703,848 | -53.1% |
| Goods for resale, raw materials and consumables | 60 | €290,820 | €0 | -€290,820 | -100.0% |
| Purchases | 600/8 | €21,382 | €0 | -€21,382 | -100.0% |
| Change in stocks: decrease (increase) | 609 | €269,438 | €0 | -€269,438 | -100.0% |
| Services and other goods | 61 | €376,593 | €304,961 | -€71,631 | -19.0% |
| Remuneration, social security and pensions | 62 | €568,603 | €237,810 | -€330,793 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,818 | €65,836 | +€31,018 | +89.1% |
| Other operating charges | 640/8 | €54,547 | €12,925 | -€41,621 | -76.3% |
| Operating profit (loss) | 9901 | €3,896,809 | -€274,467 | -€4.2m | |
| Financial income | 75/76B | €116,865 | €113,318 | -€3,547 | -3.0% |
| Recurring financial income | 75 | €116,865 | €113,318 | -€3,547 | -3.0% |
| Income from current assets | 751 | €113,932 | €108,217 | -€5,714 | -5.0% |
| Other financial income | 752/9 | €2,933 | €5,101 | +€2,168 | +73.9% |
| Financial charges | 65/66B | €122,986 | €162,646 | +€39,661 | +32.2% |
| Recurring financial charges | 65 | €122,986 | €162,646 | +€39,661 | +32.2% |
| Debt charges | 650 | €116,572 | €160,695 | +€44,123 | +37.9% |
| Other financial charges | 652/9 | €6,414 | €1,951 | -€4,462 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €3,890,688 | -€323,796 | -€4.2m | |
| Transfer from deferred taxes | 780 | €1,421 | €9,256 | +€7,834 | +551.2% |
| Transfer to deferred taxes | 680 | €1,094,116 | €0 | -€1.1m | -100.0% |
| Income taxes | 67/77 | €1,173 | €1,174 | +€1 | 0.0% |
| Taxes | 670/3 | €1,173 | €1,174 | +€1 | 0.0% |
| Profit (loss) for the period | 9904 | €2,796,820 | -€315,714 | -€3.1m | |
| Transfer from tax-exempt reserves | 789 | €4,264 | €27,767 | +€23,503 | +551.2% |
| Transfer to tax-exempt reserves | 689 | €3,282,348 | €0 | -€3.3m | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€481,264 | -€287,947 | +€193,317 | +40.2% |
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 7 October 2026 via checked.be.