DEUX D: 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.
DEUX D
Largest movements
- Tangible fixed assets +€191,523
up €191,523 (+4259.7%), from €4,496 to €196,019
of which Land and buildings: +€187,231
- Cash -€51,497
down €51,497 (-96.7%), from €53,240 to €1,744
mainly Investment in fixed assets (net) (-€245,951) and Tax, wage and social debts (-€23,353)
- Receivables within one year +€22,661
up €22,661 (+45.9%), from €49,356 to €72,017
of which Trade receivables: +€17,413
- Intangible fixed assets +€19,143
new in 2024: €19,143
- Debts after one year +€229,189
new in 2024: €229,189
- Tax, wage and social debts -€23,353
down €23,353 (-69.9%), from €33,431 to €10,078
of which Taxes: -€28,575
- Trade debts -€17,929
down €17,929 (-52.5%), from €34,163 to €16,235
- Profit (loss) carried forward -€9,148
down €9,148 (-14.8%), from €61,998 to €52,850
- Gross operating margin -€135,744
down €135,744, from €115,724 to -€20,021
- Write-downs -€75,875
no longer reported in 2024 (was €75,875)
- Provisions -€75,875
new in 2024: -€75,875
- Depreciation +€26,030
up €26,030 (+281.3%), from €9,255 to €35,285
- Staff costs +€18,543
new in 2024: €18,543
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 | €147,965 | €331,706 | +€183,741 | +124.2% |
| Fixed assets | 21/28 | €4,496 | €215,162 | +€210,666 | +4685.4% |
| Intangible fixed assets | 21 | - | €19,143 | +€19,143 | |
| Tangible fixed assets | 22/27 | €4,496 | €196,019 | +€191,523 | +4259.7% |
| Land and buildings | 22 | - | €187,231 | +€187,231 | |
| Plant, machinery and equipment | 23 | €742 | €3,318 | +€2,576 | +347.2% |
| Furniture and vehicles | 24 | €1,422 | €3,005 | +€1,583 | +111.3% |
| Other tangible fixed assets | 26 | €2,332 | €2,466 | +€134 | +5.7% |
| Current assets | 29/58 | €143,469 | €116,544 | -€26,925 | -18.8% |
| Amounts receivable after more than one year | 29 | €40,051 | €40,051 | = | 0.0% |
| Trade receivables | 290 | €40,051 | €40,051 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,356 | €72,017 | +€22,661 | +45.9% |
| Trade receivables | 40 | €24,238 | €41,651 | +€17,413 | +71.8% |
| Other amounts receivable | 41 | €25,118 | €30,367 | +€5,248 | +20.9% |
| Cash at bank and in hand | 54/58 | €53,240 | €1,744 | -€51,497 | -96.7% |
| Deferred charges and accrued income | 490/1 | €821 | €2,732 | +€1,910 | +232.5% |
| Total equity and liabilities | 10/49 | €147,965 | €331,706 | +€183,741 | +124.2% |
| Equity | 10/15 | €70,058 | €60,910 | -€9,148 | -13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,998 | €52,850 | -€9,148 | -14.8% |
| Amounts payable | 17/49 | €77,906 | €270,796 | +€192,889 | +247.6% |
| Amounts payable after more than one year | 17 | - | €229,189 | +€229,189 | |
| Financial debts | 170/4 | - | €229,189 | +€229,189 | |
| Amounts payable within one year | 42/48 | €77,906 | €41,157 | -€36,750 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €10,312 | €12,714 | +€2,402 | +23.3% |
| Financial debts | 43 | - | €2,130 | +€2,130 | |
| Credit institutions | 430/8 | - | €2,130 | +€2,130 | |
| Trade debts | 44 | €34,163 | €16,235 | -€17,929 | -52.5% |
| Suppliers | 440/4 | €34,163 | €16,235 | -€17,929 | -52.5% |
| Taxes, remuneration and social security | 45 | €33,431 | €10,078 | -€23,353 | -69.9% |
| Taxes | 450/3 | €33,431 | €4,856 | -€28,575 | -85.5% |
| Remuneration and social security | 454/9 | - | €5,223 | +€5,223 | |
| Accrued charges and deferred income | 492/3 | - | €451 | +€451 | |
| Remuneration, social security and pensions | 62 | - | €18,543 | +€18,543 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,255 | €35,285 | +€26,030 | +281.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €75,875 | - | -€75,875 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€75,875 | -€75,875 | |
| Other operating charges | 640/8 | €1,253 | €5,266 | +€4,013 | +320.2% |
| Gross operating margin | 9900 | €115,724 | -€20,021 | -€135,744 | |
| Operating profit (loss) | 9901 | €29,341 | -€3,240 | -€32,581 | |
| Financial income | 75/76B | €1,542 | €2,224 | +€682 | +44.2% |
| Recurring financial income | 75 | €1,542 | €2,224 | +€682 | +44.2% |
| Financial charges | 65/66B | €368 | €6,666 | +€6,299 | +1713.6% |
| Recurring financial charges | 65 | €368 | €6,666 | +€6,299 | +1713.6% |
| Profit (loss) for the period before taxes | 9903 | €30,515 | -€7,682 | -€38,197 | |
| Income taxes | 67/77 | €11,083 | €1,466 | -€9,617 | -86.8% |
| Profit (loss) for the period | 9904 | €19,432 | -€9,148 | -€28,580 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,432 | -€9,148 | -€28,580 |
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 4 October 2026 via checked.be.