Dr. Helena Devos: 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. Helena Devos
Largest movements
- Deferred charges and accrued income +€68,407
up €68,407 (+1772.7%), from €3,859 to €72,266
- Receivables within one year -€64,443
down €64,443 (-93.8%), from €68,694 to €4,251
of which Trade receivables: -€62,900
- Current investments -€20,054
down €20,054 (-61.6%), from €32,554 to €12,500
- Cash -€19,021
down €19,021 (-4.8%), from €399,373 to €380,352
mainly Other debts (-€349,999) and Contributions, distributions and other (-€75,000)
- Tangible fixed assets -€18,952
down €18,952 (-22.3%), from €85,112 to €66,160
of which Other tangible fixed assets: -€18,629
- Other debts -€349,999
down €349,999 (-98.6%), from €355,000 to €5,001
- Reserves +€284,953
up €284,953 (+132.1%), from €215,726 to €500,679
of which Distributable reserves: +€284,953
- Tax, wage and social debts +€11,250
up €11,250, from €0 to €11,250
- Gross operating margin -€171,161
down €171,161 (-26.3%), from €650,912 to €479,751
- Depreciation -€36,117
down €36,117 (-65.6%), from €55,069 to €18,952
- Taxes -€33,651
down €33,651 (-23.1%), from €145,835 to €112,184
- Financial income +€10,720
up €10,720 (+694.4%), from €1,544 to €12,263
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 | €589,592 | €535,529 | -€54,062 | -9.2% |
| Fixed assets | 21/28 | €85,112 | €66,160 | -€18,952 | -22.3% |
| Tangible fixed assets | 22/27 | €85,112 | €66,160 | -€18,952 | -22.3% |
| Furniture and vehicles | 24 | €463 | €139 | -€324 | -69.9% |
| Other tangible fixed assets | 26 | €84,649 | €66,021 | -€18,629 | -22.0% |
| Current assets | 29/58 | €504,479 | €469,369 | -€35,110 | -7.0% |
| Amounts receivable within one year | 40/41 | €68,694 | €4,251 | -€64,443 | -93.8% |
| Trade receivables | 40 | €64,282 | €1,382 | -€62,900 | -97.9% |
| Other amounts receivable | 41 | €4,412 | €2,870 | -€1,542 | -35.0% |
| Current investments | 50/53 | €32,554 | €12,500 | -€20,054 | -61.6% |
| Cash at bank and in hand | 54/58 | €399,373 | €380,352 | -€19,021 | -4.8% |
| Deferred charges and accrued income | 490/1 | €3,859 | €72,266 | +€68,407 | +1772.7% |
| Total equity and liabilities | 10/49 | €589,592 | €535,529 | -€54,062 | -9.2% |
| Equity | 10/15 | €234,326 | €519,279 | +€284,953 | +121.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,726 | €500,679 | +€284,953 | +132.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €215,726 | €500,679 | +€284,953 | +132.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €355,266 | €16,251 | -€339,016 | -95.4% |
| Amounts payable within one year | 42/48 | €355,266 | €16,251 | -€339,016 | -95.4% |
| Trade debts | 44 | €266 | €0 | -€266 | -100.0% |
| Suppliers | 440/4 | €266 | €0 | -€266 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €11,250 | +€11,250 | |
| Taxes | 450/3 | €0 | €11,250 | +€11,250 | |
| Other amounts payable | 47/48 | €355,000 | €5,001 | -€349,999 | -98.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,069 | €18,952 | -€36,117 | -65.6% |
| Other operating charges | 640/8 | €3,891 | €855 | -€3,037 | -78.0% |
| Gross operating margin | 9900 | €650,912 | €479,751 | -€171,161 | -26.3% |
| Operating profit (loss) | 9901 | €591,952 | €459,944 | -€132,008 | -22.3% |
| Financial income | 75/76B | €1,544 | €12,263 | +€10,720 | +694.4% |
| Recurring financial income | 75 | €1,544 | €12,263 | +€10,720 | +694.4% |
| Financial charges | 65/66B | €1,118 | €70 | -€1,048 | -93.7% |
| Recurring financial charges | 65 | €1,118 | €70 | -€1,048 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | €592,378 | €472,138 | -€120,240 | -20.3% |
| Income taxes | 67/77 | €145,835 | €112,184 | -€33,651 | -23.1% |
| Profit (loss) for the period | 9904 | €446,543 | €359,953 | -€86,590 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €446,543 | €359,953 | -€86,590 | -19.4% |
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 7 October 2026 via checked.be.