Devlieghere Jens: what changed
What changed
Devlieghere Jens
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
-€30,647
2023 · -€4,682-€25,965
Equity
€19,326
2023 · €49,974-€30,647
Cash
€498
2023 · €4,004-€3,506
Balance sheet total
€344,369
2023 · €381,552-€37,183
Largest movements
Assets
- Stocks and contracts -€43,535
down €43,535 (-59.4%), from €73,330 to €29,795
of which Stocks: -€47,374
- Receivables within one year +€11,558
up €11,558 (+29.3%), from €39,437 to €50,995
of which Trade receivables: +€13,824
Equity and liabilities
- Reserves -€30,647
down €30,647 (-68.1%), from €44,974 to €14,326
- Tax, wage and social debts -€11,725
down €11,725 (-39.5%), from €29,689 to €17,965
of which Taxes: -€10,725
- Short-term financial debts +€5,080
up €5,080 (+25.0%), from €20,352 to €25,432
Income statement
- Gross operating margin -€12,869
down €12,869 (-72.9%), from €17,654 to €4,785
- Financial charges +€9,053
up €9,053 (+154%), from €5,872 to €14,924
- Depreciation +€4,927
up €4,927 (+34.1%), from €14,447 to €19,373
- Other operating charges -€1,400
down €1,400 (-34.3%), from €4,085 to €2,685
- Financial income -€517
down €517 (-25.0%), from €2,067 to €1,550
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€4,682
Gross operating margin
-€12,869
Depreciation
-€4,927
Other operating charges
+€1,400
Financial income
-€517
Financial charges
-€9,053
Result 2024
-€30,647
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€8,647
Investment
-€17,478
Financing
+€5,325
Cash 2023
€4,004
From operations (derived)
+€8,647
Net result for the year
-€30,647
Depreciation
+€19,373
Stocks and contracts
+€43,535
Receivables within one year
-€11,558
Deferred charges and accrued income
-€196
Trade debts
-€136
Tax, wage and social debts
-€11,725
Investment (derived)
-€17,478
Investment in fixed assets (net)
-€17,478
Financing
+€5,325
Debts after one year
+€1,906
Current portion of long-term debt
-€1,661
Short-term financial debts
+€5,080
Cash 2024
€498
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €381,552 | €344,369 | -€37,183 | -9.7% |
| Fixed assets | 21/28 | €264,371 | €262,477 | -€1,895 | -0.7% |
| Tangible fixed assets | 22/27 | €264,371 | €262,477 | -€1,895 | -0.7% |
| Land and buildings | 22 | €247,477 | €257,396 | +€9,919 | +4.0% |
| Plant, machinery and equipment | 23 | €9,371 | €3,032 | -€6,339 | -67.6% |
| Furniture and vehicles | 24 | €7,524 | €2,049 | -€5,475 | -72.8% |
| Current assets | 29/58 | €117,181 | €81,893 | -€35,288 | -30.1% |
| Stocks and contracts in progress | 3 | €73,330 | €29,795 | -€43,535 | -59.4% |
| Stocks | 30/36 | €73,330 | €25,956 | -€47,374 | -64.6% |
| Contracts in progress | 37 | - | €3,838 | +€3,838 | |
| Amounts receivable within one year | 40/41 | €39,437 | €50,995 | +€11,558 | +29.3% |
| Trade receivables | 40 | €11,049 | €24,873 | +€13,824 | +125% |
| Other amounts receivable | 41 | €28,388 | €26,122 | -€2,267 | -8.0% |
| Cash at bank and in hand | 54/58 | €4,004 | €498 | -€3,506 | -87.6% |
| Deferred charges and accrued income | 490/1 | €410 | €606 | +€196 | +47.7% |
| Total equity and liabilities | 10/49 | €381,552 | €344,369 | -€37,183 | -9.7% |
| Equity | 10/15 | €49,974 | €19,326 | -€30,647 | -61.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,974 | €14,326 | -€30,647 | -68.1% |
| Distributable reserves | 133 | €44,974 | €14,326 | -€30,647 | -68.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €331,578 | €325,043 | -€6,535 | -2.0% |
| Amounts payable after more than one year | 17 | €234,765 | €236,671 | +€1,906 | +0.8% |
| Financial debts | 170/4 | €234,765 | €236,671 | +€1,906 | +0.8% |
| Amounts payable within one year | 42/48 | €96,814 | €88,372 | -€8,442 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €32,755 | €31,094 | -€1,661 | -5.1% |
| Financial debts | 43 | €20,352 | €25,432 | +€5,080 | +25.0% |
| Credit institutions | 430/8 | €20,352 | €25,432 | +€5,080 | +25.0% |
| Trade debts | 44 | €14,017 | €13,881 | -€136 | -1.0% |
| Suppliers | 440/4 | €14,017 | €13,881 | -€136 | -1.0% |
| Taxes, remuneration and social security | 45 | €29,689 | €17,965 | -€11,725 | -39.5% |
| Taxes | 450/3 | €28,689 | €17,965 | -€10,725 | -37.4% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100% |
| Non-recurring operating income | 76A | €149 | €0 | -€149 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,447 | €19,373 | +€4,927 | +34.1% |
| Other operating charges | 640/8 | €4,085 | €2,685 | -€1,400 | -34.3% |
| Gross operating margin | 9900 | €17,654 | €4,785 | -€12,869 | -72.9% |
| Operating profit (loss) | 9901 | -€877 | -€17,273 | -€16,396 | -1,869% |
| Financial income | 75/76B | €2,067 | €1,550 | -€517 | -25.0% |
| Recurring financial income | 75 | €2,067 | €1,550 | -€517 | -25.0% |
| Financial charges | 65/66B | €5,872 | €14,924 | +€9,053 | +154% |
| Recurring financial charges | 65 | €5,872 | €14,924 | +€9,053 | +154% |
| Profit (loss) for the period before taxes | 9903 | -€4,682 | -€30,647 | -€25,965 | -555% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,682 | -€30,647 | -€25,965 | -555% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,682 | -€30,647 | -€25,965 | -555% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.