Dr.Bart De MOOR: 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.
Dr.Bart De MOOR
Largest movements
- Cash +€63,268
up €63,268 (+27.9%), from €226,485 to €289,753
mainly Net result for the year (+€193,942) and Depreciation (+€28,790)
- Tangible fixed assets +€43,780
up €43,780 (+6.6%), from €658,432 to €702,213
of which Land and buildings: +€53,026
- Reserves +€193,942
up €193,942 (+23.3%), from €832,365 to €1.0m
- Debts after one year -€60,207
down €60,207 (-19.0%), from €317,059 to €256,852
- Gross operating margin +€72,123
up €72,123 (+29.9%), from €241,452 to €313,575
- Taxes +€24,382
up €24,382 (+38.9%), from €62,746 to €87,128
- Financial income +€6,944
up €6,944 (+312%), from €2,228 to €9,173
- Depreciation +€4,371
up €4,371 (+17.9%), from €24,419 to €28,790
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,344,772 | €1,475,329 | +€130,557 | +9.7% |
| Fixed assets | 21/28 | €658,432 | €702,213 | +€43,780 | +6.6% |
| Tangible fixed assets | 22/27 | €658,432 | €702,213 | +€43,780 | +6.6% |
| Land and buildings | 22 | €608,641 | €661,667 | +€53,026 | +8.7% |
| Plant, machinery and equipment | 23 | €952 | €2,331 | +€1,379 | +145% |
| Furniture and vehicles | 24 | €48,839 | €38,214 | -€10,625 | -21.8% |
| Current assets | 29/58 | €686,339 | €773,116 | +€86,777 | +12.6% |
| Amounts receivable within one year | 40/41 | €133,700 | €147,906 | +€14,207 | +10.6% |
| Trade receivables | 40 | €133,700 | €147,906 | +€14,207 | +10.6% |
| Current investments | 50/53 | €322,357 | €331,357 | +€9,000 | +2.8% |
| Cash at bank and in hand | 54/58 | €226,485 | €289,753 | +€63,268 | +27.9% |
| Deferred charges and accrued income | 490/1 | €3,798 | €4,100 | +€303 | +8.0% |
| Total equity and liabilities | 10/49 | €1,344,772 | €1,475,329 | +€130,557 | +9.7% |
| Equity | 10/15 | €844,765 | €1,038,707 | +€193,942 | +23.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €832,365 | €1,026,307 | +€193,942 | +23.3% |
| Distributable reserves | 133 | €832,365 | €1,026,307 | +€193,942 | +23.3% |
| Amounts payable | 17/49 | €500,007 | €436,622 | -€63,385 | -12.7% |
| Amounts payable after more than one year | 17 | €317,059 | €256,852 | -€60,207 | -19.0% |
| Financial debts | 170/4 | €317,059 | €256,852 | -€60,207 | -19.0% |
| Amounts payable within one year | 42/48 | €178,436 | €174,673 | -€3,763 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €59,395 | €60,207 | +€812 | +1.4% |
| Financial debts | 43 | €7,617 | €7,590 | -€27 | -0.4% |
| Other loans | 439 | €7,617 | €7,590 | -€27 | -0.4% |
| Trade debts | 44 | €8,320 | €7,241 | -€1,079 | -13.0% |
| Suppliers | 440/4 | €8,320 | €7,241 | -€1,079 | -13.0% |
| Taxes, remuneration and social security | 45 | €59,788 | €56,162 | -€3,626 | -6.1% |
| Taxes | 450/3 | €40,524 | €55,373 | +€14,849 | +36.6% |
| Remuneration and social security | 454/9 | €19,264 | €789 | -€18,475 | -95.9% |
| Other amounts payable | 47/48 | €43,316 | €43,474 | +€158 | +0.4% |
| Accrued charges and deferred income | 492/3 | €4,511 | €5,097 | +€585 | +13.0% |
| Non-recurring operating income | 76A | €24,000 | - | -€24,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,419 | €28,790 | +€4,371 | +17.9% |
| Other operating charges | 640/8 | €3,188 | €5,186 | +€1,998 | +62.7% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €241,452 | €313,575 | +€72,123 | +29.9% |
| Operating profit (loss) | 9901 | €213,845 | €279,536 | +€65,691 | +30.7% |
| Financial income | 75/76B | €2,228 | €9,173 | +€6,944 | +312% |
| Recurring financial income | 75 | €2,228 | €9,173 | +€6,944 | +312% |
| Financial charges | 65/66B | €7,504 | €7,638 | +€134 | +1.8% |
| Recurring financial charges | 65 | €7,504 | €7,638 | +€134 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €208,570 | €281,070 | +€72,501 | +34.8% |
| Income taxes | 67/77 | €62,746 | €87,128 | +€24,382 | +38.9% |
| Profit (loss) for the period | 9904 | €145,823 | €193,942 | +€48,119 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €145,823 | €193,942 | +€48,119 | +33.0% |
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 28 October 2026 via checked.be.