DEVOOGDT MARNICK: 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.
DEVOOGDT MARNICK
Largest movements
- Receivables within one year -€208,589
down €208,589 (-25.5%), from €819,352 to €610,763
of which Other amounts receivable: -€392,634
- Cash -€67,209
down €67,209 (-21.9%), from €307,293 to €240,084
mainly Other debts (-€144,188) and Debts after one year (-€133,133)
- Tangible fixed assets +€24,023
up €24,023 (+20.4%), from €117,644 to €141,667
of which Furniture and vehicles: +€61,358
- Stocks and contracts -€19,683
down €19,683 (-33.7%), from €58,433 to €38,750
- Deferred charges and accrued income -€16,936
down €16,936 (-81.3%), from €20,828 to €3,892
- Other debts -€144,188
down €144,188 (-57.7%), from €250,000 to €105,812
- Debts after one year -€133,133
down €133,133 (-71.5%), from €186,173 to €53,040
- Trade debts -€40,271
down €40,271 (-29.1%), from €138,323 to €98,052
- Reserves +€26,000
up €26,000 (+9.5%), from €273,400 to €299,400
of which Distributable reserves: +€26,000
- Gross operating margin -€149,116
down €149,116 (-39.8%), from €374,225 to €225,109
- Financial income -€23,069
down €23,069 (-99.2%), from €23,260 to €191
- Taxes -€15,000
no longer reported in 2024 (was €15,000)
- Financial charges +€10,945
up €10,945 (+163.1%), from €6,711 to €17,656
- Staff costs -€6,575
down €6,575 (-17.6%), from €37,300 to €30,725
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 | €1,323,976 | €1,035,582 | -€288,394 | -21.8% |
| Fixed assets | 21/28 | €118,070 | €142,093 | +€24,023 | +20.3% |
| Tangible fixed assets | 22/27 | €117,644 | €141,667 | +€24,023 | +20.4% |
| Plant, machinery and equipment | 23 | €58,891 | €40,755 | -€18,136 | -30.8% |
| Furniture and vehicles | 24 | €2,153 | €63,511 | +€61,358 | +2849.9% |
| Leasing and similar rights | 25 | €56,600 | €37,401 | -€19,199 | -33.9% |
| Financial fixed assets | 28 | €426 | €426 | = | 0.0% |
| Current assets | 29/58 | €1,205,906 | €893,489 | -€312,417 | -25.9% |
| Stocks and contracts in progress | 3 | €58,433 | €38,750 | -€19,683 | -33.7% |
| Stocks | 30/36 | €58,433 | €38,750 | -€19,683 | -33.7% |
| Amounts receivable within one year | 40/41 | €819,352 | €610,763 | -€208,589 | -25.5% |
| Trade receivables | 40 | €347,895 | €531,940 | +€184,045 | +52.9% |
| Other amounts receivable | 41 | €471,457 | €78,823 | -€392,634 | -83.3% |
| Cash at bank and in hand | 54/58 | €307,293 | €240,084 | -€67,209 | -21.9% |
| Deferred charges and accrued income | 490/1 | €20,828 | €3,892 | -€16,936 | -81.3% |
| Total equity and liabilities | 10/49 | €1,323,976 | €1,035,582 | -€288,394 | -21.8% |
| Equity | 10/15 | €468,439 | €494,709 | +€26,270 | +5.6% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Reserves | 13 | €273,400 | €299,400 | +€26,000 | +9.5% |
| Non-distributable reserves | 130/1 | €19,500 | €19,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,500 | €19,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,900 | €74,900 | = | 0.0% |
| Distributable reserves | 133 | €179,000 | €205,000 | +€26,000 | +14.5% |
| Profit (loss) carried forward | 14 | €39 | €309 | +€270 | +692.3% |
| Amounts payable | 17/49 | €855,537 | €540,873 | -€314,664 | -36.8% |
| Amounts payable after more than one year | 17 | €186,173 | €53,040 | -€133,133 | -71.5% |
| Financial debts | 170/4 | €186,173 | €53,040 | -€133,133 | -71.5% |
| Amounts payable within one year | 42/48 | €669,364 | €487,833 | -€181,531 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €19,200 | €19,200 | = | 0.0% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €138,323 | €98,052 | -€40,271 | -29.1% |
| Suppliers | 440/4 | €138,323 | €98,052 | -€40,271 | -29.1% |
| Taxes, remuneration and social security | 45 | €61,841 | €64,769 | +€2,928 | +4.7% |
| Taxes | 450/3 | €61,841 | €61,841 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €2,928 | +€2,928 | |
| Other amounts payable | 47/48 | €250,000 | €105,812 | -€144,188 | -57.7% |
| Remuneration, social security and pensions | 62 | €37,300 | €30,725 | -€6,575 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,999 | €41,977 | +€1,978 | +4.9% |
| Other operating charges | 640/8 | €6,607 | €8,672 | +€2,065 | +31.3% |
| Gross operating margin | 9900 | €374,225 | €225,109 | -€149,116 | -39.8% |
| Operating profit (loss) | 9901 | €290,319 | €143,735 | -€146,584 | -50.5% |
| Financial income | 75/76B | €23,260 | €191 | -€23,069 | -99.2% |
| Recurring financial income | 75 | €23,260 | €191 | -€23,069 | -99.2% |
| Financial charges | 65/66B | €6,711 | €17,656 | +€10,945 | +163.1% |
| Recurring financial charges | 65 | €6,711 | €17,656 | +€10,945 | +163.1% |
| Profit (loss) for the period before taxes | 9903 | €306,868 | €126,270 | -€180,598 | -58.9% |
| Income taxes | 67/77 | €15,000 | - | -€15,000 | |
| Profit (loss) for the period | 9904 | €291,868 | €126,270 | -€165,598 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €291,868 | €126,270 | -€165,598 | -56.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.