DEVLEESCHAUWER Christophe: 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.
DEVLEESCHAUWER Christophe
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+76.4%), from €1.6m to €2.8m
of which Trade receivables: +€609,823
- Tangible fixed assets +€130,202
up €130,202 (+13.1%), from €996,771 to €1.1m
of which Leasing and similar rights: +€295,017
- Cash -€109,995
down €109,995 (-58.8%), from €187,086 to €77,091
mainly Receivables within one year (-€1.2m) and Investment in fixed assets (net) (-€433,962)
- Trade debts +€979,097
up €979,097 (+82.8%), from €1.2m to €2.2m
- Profit (loss) carried forward +€160,852
up €160,852 (+42.2%), from €380,929 to €541,781
- Debts after one year +€95,975
up €95,975 (+25.1%), from €381,895 to €477,870
- Current portion of long-term debt +€45,422
up €45,422 (+28.9%), from €157,337 to €202,759
- Staff costs +€114,663
up €114,663 (+2,356%), from €4,867 to €119,530
- Depreciation +€78,075
up €78,075 (+34.6%), from €225,685 to €303,760
- Gross operating margin +€77,503
up €77,503 (+14.5%), from €535,716 to €613,219
- Taxes -€27,924
down €27,924 (-43.0%), from €64,939 to €37,015
- Financial charges +€7,014
up €7,014 (+31.8%), from €22,026 to €29,040
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 | €2,772,491 | €4,001,969 | +€1.2m | +44.3% |
| Fixed assets | 21/28 | €997,956 | €1,128,158 | +€130,202 | +13.0% |
| Tangible fixed assets | 22/27 | €996,771 | €1,126,973 | +€130,202 | +13.1% |
| Land and buildings | 22 | €227,426 | €205,164 | -€22,261 | -9.8% |
| Plant, machinery and equipment | 23 | €24,863 | €41,553 | +€16,690 | +67.1% |
| Furniture and vehicles | 24 | €627,382 | €468,139 | -€159,244 | -25.4% |
| Leasing and similar rights | 25 | €117,100 | €412,117 | +€295,017 | +252% |
| Financial fixed assets | 28 | €1,185 | €1,185 | = | 0.0% |
| Current assets | 29/58 | €1,774,534 | €2,873,811 | +€1.1m | +61.9% |
| Stocks and contracts in progress | 3 | €6,550 | €8,160 | +€1,610 | +24.6% |
| Stocks | 30/36 | €6,550 | €8,160 | +€1,610 | +24.6% |
| Amounts receivable within one year | 40/41 | €1,580,899 | €2,788,560 | +€1.2m | +76.4% |
| Trade receivables | 40 | €1,172,279 | €1,782,102 | +€609,823 | +52.0% |
| Other amounts receivable | 41 | €408,620 | €1,006,458 | +€597,839 | +146% |
| Cash at bank and in hand | 54/58 | €187,086 | €77,091 | -€109,995 | -58.8% |
| Total equity and liabilities | 10/49 | €2,772,491 | €4,001,969 | +€1.2m | +44.3% |
| Equity | 10/15 | €899,605 | €1,030,437 | +€130,832 | +14.5% |
| Contributions | 10/11 | €19,832 | €19,832 | = | 0.0% |
| Reserves | 13 | €476,904 | €449,653 | -€27,252 | -5.7% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Tax-exempt reserves | 132 | €90,521 | €63,269 | -€27,252 | -30.1% |
| Distributable reserves | 133 | €384,400 | €384,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €380,929 | €541,781 | +€160,852 | +42.2% |
| Investment grants | 15 | €21,939 | €19,171 | -€2,768 | -12.6% |
| Provisions and deferred taxes | 16 | €30,174 | €21,090 | -€9,084 | -30.1% |
| Deferred taxes | 168 | €30,174 | €21,090 | -€9,084 | -30.1% |
| Amounts payable | 17/49 | €1,842,712 | €2,950,442 | +€1.1m | +60.1% |
| Amounts payable after more than one year | 17 | €381,895 | €477,870 | +€95,975 | +25.1% |
| Financial debts | 170/4 | €381,895 | €477,870 | +€95,975 | +25.1% |
| Amounts payable within one year | 42/48 | €1,460,817 | €2,472,572 | +€1.0m | +69.3% |
| Current portion of amounts payable after more than one year | 42 | €157,337 | €202,759 | +€45,422 | +28.9% |
| Financial debts | 43 | €51,200 | €13,725 | -€37,475 | -73.2% |
| Credit institutions | 430/8 | €51,200 | €13,725 | -€37,475 | -73.2% |
| Trade debts | 44 | €1,182,274 | €2,161,371 | +€979,097 | +82.8% |
| Suppliers | 440/4 | €1,182,274 | €2,161,371 | +€979,097 | +82.8% |
| Taxes, remuneration and social security | 45 | €69,868 | €94,718 | +€24,849 | +35.6% |
| Taxes | 450/3 | €62,204 | €83,281 | +€21,077 | +33.9% |
| Remuneration and social security | 454/9 | €7,665 | €11,437 | +€3,772 | +49.2% |
| Other amounts payable | 47/48 | €139 | - | -€139 | |
| Remuneration, social security and pensions | 62 | €4,867 | €119,530 | +€114,663 | +2,356% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225,685 | €303,760 | +€78,075 | +34.6% |
| Other operating charges | 640/8 | €9,697 | €9,592 | -€106 | -1.1% |
| Non-recurring operating charges | 66A | €7,647 | €448 | -€7,199 | -94.1% |
| Gross operating margin | 9900 | €535,716 | €613,219 | +€77,503 | +14.5% |
| Operating profit (loss) | 9901 | €287,821 | €179,890 | -€107,930 | -37.5% |
| Financial income | 75/76B | €6,756 | €10,681 | +€3,925 | +58.1% |
| Recurring financial income | 75 | €6,756 | €10,681 | +€3,925 | +58.1% |
| Financial charges | 65/66B | €22,026 | €29,040 | +€7,014 | +31.8% |
| Recurring financial charges | 65 | €22,026 | €29,040 | +€7,014 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €272,550 | €161,532 | -€111,019 | -40.7% |
| Transfer from deferred taxes | 780 | €9,084 | - | -€9,084 | |
| Income taxes | 67/77 | €64,939 | €37,015 | -€27,924 | -43.0% |
| Profit (loss) for the period | 9904 | €216,696 | €124,517 | -€92,179 | -42.5% |
| Transfer from tax-exempt reserves | 789 | €27,252 | €36,335 | +€9,084 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €243,947 | €160,852 | -€83,095 | -34.1% |
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 16 October 2026 via checked.be.