DEWITTE-MG PROJECTS: 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.
DEWITTE-MG PROJECTS
Largest movements
- Cash -€50,012
down €50,012 (-16.2%), from €308,751 to €258,739
mainly Contributions, distributions and other (-€69,600) and Trade debts (-€33,400)
- Tangible fixed assets -€18,820
down €18,820 (-51.9%), from €36,277 to €17,457
of which Furniture and vehicles: -€15,833
- Receivables within one year +€16,335
up €16,335 (+36.1%), from €45,256 to €61,591
of which Trade receivables: +€18,969
- Intangible fixed assets -€12,500
down €12,500 (-19.0%), from €65,625 to €53,125
- Trade debts -€33,400
down €33,400 (-53.1%), from €62,891 to €29,491
- Tax, wage and social debts -€23,533
down €23,533 (-81.6%), from €28,839 to €5,306
of which Remuneration and social security: -€17,141
- Current portion of long-term debt -€6,127
no longer reported in 2024 (was €6,127)
- Gross operating margin -€41,203
down €41,203 (-12.0%), from €342,030 to €300,826
- Staff costs -€15,153
down €15,153 (-8.1%), from €188,107 to €172,954
- Taxes -€6,470
down €6,470 (-25.2%), from €25,650 to €19,179
- Depreciation -€5,551
down €5,551 (-13.8%), from €40,197 to €34,646
- Other operating charges +€4,664
up €4,664 (+127.7%), from €3,653 to €8,317
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 | €474,531 | €408,389 | -€66,142 | -13.9% |
| Fixed assets | 21/28 | €101,902 | €70,582 | -€31,320 | -30.7% |
| Intangible fixed assets | 21 | €65,625 | €53,125 | -€12,500 | -19.0% |
| Tangible fixed assets | 22/27 | €36,277 | €17,457 | -€18,820 | -51.9% |
| Land and buildings | 22 | €2,231 | €1,806 | -€425 | -19.0% |
| Plant, machinery and equipment | 23 | €15,761 | €13,199 | -€2,562 | -16.3% |
| Furniture and vehicles | 24 | €18,285 | €2,452 | -€15,833 | -86.6% |
| Current assets | 29/58 | €372,628 | €337,806 | -€34,822 | -9.3% |
| Stocks and contracts in progress | 3 | €18,621 | €17,476 | -€1,145 | -6.1% |
| Stocks | 30/36 | €18,621 | €17,476 | -€1,145 | -6.1% |
| Amounts receivable within one year | 40/41 | €45,256 | €61,591 | +€16,335 | +36.1% |
| Trade receivables | 40 | €21,180 | €40,149 | +€18,969 | +89.6% |
| Other amounts receivable | 41 | €24,076 | €21,441 | -€2,634 | -10.9% |
| Cash at bank and in hand | 54/58 | €308,751 | €258,739 | -€50,012 | -16.2% |
| Total equity and liabilities | 10/49 | €474,531 | €408,389 | -€66,142 | -13.9% |
| Equity | 10/15 | €372,845 | €369,863 | -€2,982 | -0.8% |
| Contributions | 10/11 | €6,200 | €6,300 | +€100 | +1.6% |
| Reserves | 13 | €283,992 | €283,992 | = | 0.0% |
| Non-distributable reserves | 130/1 | €283,992 | €283,992 | = | 0.0% |
| Other | 1319 | €283,992 | €283,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,653 | €79,571 | -€3,082 | -3.7% |
| Amounts payable | 17/49 | €101,686 | €38,526 | -€63,160 | -62.1% |
| Amounts payable within one year | 42/48 | €101,686 | €38,526 | -€63,160 | -62.1% |
| Current portion of amounts payable after more than one year | 42 | €6,127 | - | -€6,127 | |
| Trade debts | 44 | €62,891 | €29,491 | -€33,400 | -53.1% |
| Suppliers | 440/4 | €62,891 | €29,491 | -€33,400 | -53.1% |
| Taxes, remuneration and social security | 45 | €28,839 | €5,306 | -€23,533 | -81.6% |
| Taxes | 450/3 | €7,445 | €1,052 | -€6,392 | -85.9% |
| Remuneration and social security | 454/9 | €21,394 | €4,254 | -€17,141 | -80.1% |
| Other amounts payable | 47/48 | €3,830 | €3,729 | -€101 | -2.6% |
| Remuneration, social security and pensions | 62 | €188,107 | €172,954 | -€15,153 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,197 | €34,646 | -€5,551 | -13.8% |
| Other operating charges | 640/8 | €3,653 | €8,317 | +€4,664 | +127.7% |
| Gross operating margin | 9900 | €342,030 | €300,826 | -€41,203 | -12.0% |
| Operating profit (loss) | 9901 | €110,073 | €84,909 | -€25,164 | -22.9% |
| Financial income | 75/76B | €1,412 | €1,712 | +€300 | +21.3% |
| Recurring financial income | 75 | €1,412 | €1,712 | +€300 | +21.3% |
| Financial charges | 65/66B | €3,522 | €824 | -€2,699 | -76.6% |
| Recurring financial charges | 65 | €3,522 | €824 | -€2,699 | -76.6% |
| Profit (loss) for the period before taxes | 9903 | €107,962 | €85,797 | -€22,165 | -20.5% |
| Income taxes | 67/77 | €25,650 | €19,179 | -€6,470 | -25.2% |
| Profit (loss) for the period | 9904 | €82,313 | €66,618 | -€15,695 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,313 | €66,618 | -€15,695 | -19.1% |
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 12 October 2026 via checked.be.