DEVELOPMENT COORDINATION BELGIUM: 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
DEVELOPMENT COORDINATION BELGIUM
NACE 68.121, Development of residential building projects
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€60,272
2023 · €51,584+€8,688
Equity
€1.4m
2023 · €1.3m+€60,272
Cash
€101,078
2023 · €90,098+€10,980
Balance sheet total
€2.8m
2023 · €2.9m-€163,206
Largest movements
Assets
- Receivables after one year -€734,000
down €734,000 (-97.9%), from €750,000 to €16,000
- Receivables within one year +€551,860
up €551,860 (+163.0%), from €338,528 to €890,388
of which Other amounts receivable: +€582,549
Equity and liabilities
- Trade debts -€118,760
down €118,760 (-71.2%), from €166,876 to €48,116
- Tax, wage and social debts -€114,511
down €114,511 (-33.8%), from €338,466 to €223,955
of which Taxes: -€105,103
- Other debts +€76,112
up €76,112 (+7.7%), from €982,405 to €1.1m
- Profit (loss) carried forward +€60,272
up €60,272 (+7.6%), from €791,598 to €851,870
- Debts after one year -€45,000
no longer reported in 2024 (was €45,000)
Income statement
- Gross operating margin +€92,816
up €92,816 (+7.2%), from €1.3m to €1.4m
- Staff costs +€65,013
up €65,013 (+5.9%), from €1.1m to €1.2m
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
€51,584
Gross operating margin
+€92,816
Staff costs
-€65,013
Depreciation
-€10,820
Other operating charges
-€2,666
Financial income
-€468
Financial charges
-€7,359
Taxes
+€2,198
Result 2024
€60,272
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
+€166,088
Investment
-€95,108
Financing
-€60,000
Cash 2023
€90,098
From operations (derived)
+€166,088
Net result for the year
+€60,272
Depreciation
+€97,468
Receivables after one year
+€734,000
Stocks and contracts
-€16,716
Receivables within one year
-€551,860
Deferred charges and accrued income
+€6,402
Trade debts
-€118,760
Tax, wage and social debts
-€114,511
Other debts
+€76,112
Accrued charges and deferred income
-€6,319
Investment (derived)
-€95,108
Investment in fixed assets (net)
-€95,108
Financing
-€60,000
Debts after one year
-€45,000
Current portion of long-term debt
-€15,000
Cash 2024
€101,078
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,940,664 | €2,777,458 | -€163,206 | -5.5% |
| Fixed assets | 21/28 | €406,432 | €404,072 | -€2,360 | -0.6% |
| Intangible fixed assets | 21 | €104,937 | €97,180 | -€7,757 | -7.4% |
| Tangible fixed assets | 22/27 | €301,420 | €306,892 | +€5,472 | +1.8% |
| Plant, machinery and equipment | 23 | €38,489 | €36,532 | -€1,957 | -5.1% |
| Furniture and vehicles | 24 | €38,469 | €81,199 | +€42,730 | +111.1% |
| Other tangible fixed assets | 26 | €224,462 | €189,161 | -€35,301 | -15.7% |
| Financial fixed assets | 28 | €75 | - | -€75 | |
| Current assets | 29/58 | €2,534,232 | €2,373,386 | -€160,846 | -6.3% |
| Amounts receivable after more than one year | 29 | €750,000 | €16,000 | -€734,000 | -97.9% |
| Other amounts receivable | 291 | €750,000 | €16,000 | -€734,000 | -97.9% |
| Stocks and contracts in progress | 3 | €1,349,204 | €1,365,920 | +€16,716 | +1.2% |
| Stocks | 30/36 | €1,349,204 | €1,365,920 | +€16,716 | +1.2% |
| Amounts receivable within one year | 40/41 | €338,528 | €890,388 | +€551,860 | +163.0% |
| Trade receivables | 40 | €40,541 | €9,852 | -€30,689 | -75.7% |
| Other amounts receivable | 41 | €297,987 | €880,536 | +€582,549 | +195.5% |
| Cash at bank and in hand | 54/58 | €90,098 | €101,078 | +€10,980 | +12.2% |
| Deferred charges and accrued income | 490/1 | €6,402 | - | -€6,402 | |
| Total equity and liabilities | 10/49 | €2,940,664 | €2,777,458 | -€163,206 | -5.5% |
| Equity | 10/15 | €1,341,598 | €1,401,870 | +€60,272 | +4.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €791,598 | €851,870 | +€60,272 | +7.6% |
| Amounts payable | 17/49 | €1,599,066 | €1,375,588 | -€223,478 | -14.0% |
| Amounts payable after more than one year | 17 | €45,000 | - | -€45,000 | |
| Financial debts | 170/4 | €45,000 | - | -€45,000 | |
| Amounts payable within one year | 42/48 | €1,547,747 | €1,375,588 | -€172,159 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €45,000 | -€15,000 | -25.0% |
| Trade debts | 44 | €166,876 | €48,116 | -€118,760 | -71.2% |
| Suppliers | 440/4 | €166,876 | €48,116 | -€118,760 | -71.2% |
| Taxes, remuneration and social security | 45 | €338,466 | €223,955 | -€114,511 | -33.8% |
| Taxes | 450/3 | €195,196 | €90,093 | -€105,103 | -53.8% |
| Remuneration and social security | 454/9 | €143,270 | €133,862 | -€9,408 | -6.6% |
| Other amounts payable | 47/48 | €982,405 | €1,058,517 | +€76,112 | +7.7% |
| Accrued charges and deferred income | 492/3 | €6,319 | - | -€6,319 | |
| Remuneration, social security and pensions | 62 | €1,097,720 | €1,162,733 | +€65,013 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,648 | €97,468 | +€10,820 | +12.5% |
| Other operating charges | 640/8 | €2,717 | €5,383 | +€2,666 | +98.1% |
| Gross operating margin | 9900 | €1,287,747 | €1,380,563 | +€92,816 | +7.2% |
| Operating profit (loss) | 9901 | €100,662 | €114,979 | +€14,317 | +14.2% |
| Financial income | 75/76B | €22,500 | €22,032 | -€468 | -2.1% |
| Recurring financial income | 75 | €22,500 | €22,032 | -€468 | -2.1% |
| Financial charges | 65/66B | €36,281 | €43,640 | +€7,359 | +20.3% |
| Recurring financial charges | 65 | €36,281 | €43,640 | +€7,359 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €86,881 | €93,371 | +€6,490 | +7.5% |
| Income taxes | 67/77 | €35,297 | €33,099 | -€2,198 | -6.2% |
| Profit (loss) for the period | 9904 | €51,584 | €60,272 | +€8,688 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,584 | €60,272 | +€8,688 | +16.8% |
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.