DR. FLORIS VAES: 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.
DR. FLORIS VAES
Largest movements
- Current investments +€92,039
up €92,039 (+35.1%), from €262,102 to €354,141
- Cash -€39,080
down €39,080 (-80.3%), from €48,686 to €9,605
mainly Current investments (-€92,039) and Contributions, distributions and other (-€58,047)
- Tangible fixed assets -€21,953
down €21,953 (-18.8%), from €116,967 to €95,014
of which Furniture and vehicles: -€24,222
- Receivables within one year +€11,361
up €11,361 (+103.3%), from €10,998 to €22,359
- Deferred charges and accrued income +€7,492
up €7,492 (+7.3%), from €103,157 to €110,648
- Other debts +€59,312
new in 2024: €59,312
- Debts after one year -€20,958
down €20,958 (-23.6%), from €88,823 to €67,865
- Tax, wage and social debts +€11,575
up €11,575 (+45.5%), from €25,414 to €36,989
of which Remuneration and social security: +€5,905
- Reserves +€8,224
up €8,224 (+2.2%), from €372,886 to €381,110
- Gross operating margin -€30,220
down €30,220 (-20.8%), from €145,205 to €114,985
- Depreciation +€21,923
up €21,923 (+465.4%), from €4,711 to €26,634
- Taxes -€15,241
down €15,241 (-36.3%), from €41,992 to €26,751
- Financial income +€9,651
up €9,651 (+597.7%), from €1,615 to €11,266
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 | €541,909 | €591,768 | +€49,858 | +9.2% |
| Fixed assets | 21/28 | €116,967 | €95,014 | -€21,953 | -18.8% |
| Tangible fixed assets | 22/27 | €116,967 | €95,014 | -€21,953 | -18.8% |
| Furniture and vehicles | 24 | €116,287 | €92,065 | -€24,222 | -20.8% |
| Other tangible fixed assets | 26 | €680 | €2,949 | +€2,269 | +333.7% |
| Current assets | 29/58 | €424,942 | €496,754 | +€71,811 | +16.9% |
| Amounts receivable within one year | 40/41 | €10,998 | €22,359 | +€11,361 | +103.3% |
| Other amounts receivable | 41 | €10,998 | €22,359 | +€11,361 | +103.3% |
| Current investments | 50/53 | €262,102 | €354,141 | +€92,039 | +35.1% |
| Cash at bank and in hand | 54/58 | €48,686 | €9,605 | -€39,080 | -80.3% |
| Deferred charges and accrued income | 490/1 | €103,157 | €110,648 | +€7,492 | +7.3% |
| Total equity and liabilities | 10/49 | €541,909 | €591,768 | +€49,858 | +9.2% |
| Equity | 10/15 | €385,286 | €393,510 | +€8,224 | +2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €372,886 | €381,110 | +€8,224 | +2.2% |
| Distributable reserves | 133 | €372,886 | €381,110 | +€8,224 | +2.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €156,624 | €198,258 | +€41,634 | +26.6% |
| Amounts payable after more than one year | 17 | €88,823 | €67,865 | -€20,958 | -23.6% |
| Financial debts | 170/4 | €88,823 | €67,865 | -€20,958 | -23.6% |
| Amounts payable within one year | 42/48 | €67,792 | €130,393 | +€62,601 | +92.3% |
| Current portion of amounts payable after more than one year | 42 | €26,300 | €20,958 | -€5,342 | -20.3% |
| Financial debts | 43 | €11,776 | €11,773 | -€4 | 0.0% |
| Credit institutions | 430/8 | €11,776 | €11,773 | -€4 | 0.0% |
| Trade debts | 44 | €4,301 | €1,361 | -€2,940 | -68.4% |
| Suppliers | 440/4 | €4,301 | €1,361 | -€2,940 | -68.4% |
| Taxes, remuneration and social security | 45 | €25,414 | €36,989 | +€11,575 | +45.5% |
| Taxes | 450/3 | €25,414 | €31,084 | +€5,670 | +22.3% |
| Remuneration and social security | 454/9 | - | €5,905 | +€5,905 | |
| Other amounts payable | 47/48 | - | €59,312 | +€59,312 | |
| Accrued charges and deferred income | 492/3 | €9 | €0 | -€9 | -100.0% |
| Non-recurring operating income | 76A | €32,410 | €0 | -€32,410 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,711 | €26,634 | +€21,923 | +465.4% |
| Other operating charges | 640/8 | €1,948 | €851 | -€1,097 | -56.3% |
| Gross operating margin | 9900 | €145,205 | €114,985 | -€30,220 | -20.8% |
| Operating profit (loss) | 9901 | €138,546 | €87,500 | -€51,046 | -36.8% |
| Financial income | 75/76B | €1,615 | €11,266 | +€9,651 | +597.7% |
| Recurring financial income | 75 | €1,615 | €11,266 | +€9,651 | +597.7% |
| Financial charges | 65/66B | €4,717 | €5,744 | +€1,027 | +21.8% |
| Recurring financial charges | 65 | €4,717 | €5,744 | +€1,027 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €135,444 | €93,022 | -€42,422 | -31.3% |
| Income taxes | 67/77 | €41,992 | €26,751 | -€15,241 | -36.3% |
| Profit (loss) for the period | 9904 | €93,452 | €66,271 | -€27,181 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,452 | €66,271 | -€27,181 | -29.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.