DR. KOEN MELIS: 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. KOEN MELIS
Largest movements
- Receivables within one year +€69,818
up €69,818 (+5.1%), from €1.4m to €1.4m
of which Other amounts receivable: +€183,818
- Tangible fixed assets -€39,898
down €39,898 (-9.2%), from €432,839 to €392,941
of which Furniture and vehicles: -€31,354
- Debts after one year -€106,174
down €106,174 (-53.7%), from €197,675 to €91,500
- Profit (loss) carried forward +€82,053
up €82,053 (+8.0%), from €1.0m to €1.1m
- Current portion of long-term debt +€37,940
up €37,940 (+25.3%), from €150,000 to €187,940
- Gross operating margin -€143,198
down €143,198 (-41.4%), from €346,230 to €203,031
- Taxes -€42,229
down €42,229 (-56.2%), from €75,122 to €32,893
- Other operating charges -€22,904
down €22,904 (-91.4%), from €25,054 to €2,149
- Depreciation +€21,304
up €21,304 (+115%), from €18,593 to €39,898
- Financial charges +€15,609
up €15,609 (+51.3%), from €30,429 to €46,038
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,790,169 | €1,819,748 | +€29,579 | +1.7% |
| Fixed assets | 21/28 | €432,839 | €392,941 | -€39,898 | -9.2% |
| Tangible fixed assets | 22/27 | €432,839 | €392,941 | -€39,898 | -9.2% |
| Land and buildings | 22 | €279,104 | €270,560 | -€8,544 | -3.1% |
| Furniture and vehicles | 24 | €153,735 | €122,381 | -€31,354 | -20.4% |
| Current assets | 29/58 | €1,357,329 | €1,426,806 | +€69,477 | +5.1% |
| Amounts receivable within one year | 40/41 | €1,356,956 | €1,426,774 | +€69,818 | +5.1% |
| Trade receivables | 40 | €427,092 | €313,092 | -€114,000 | -26.7% |
| Other amounts receivable | 41 | €929,863 | €1,113,682 | +€183,818 | +19.8% |
| Current investments | 50/53 | €374 | €32 | -€342 | -91.4% |
| Total equity and liabilities | 10/49 | €1,790,169 | €1,819,748 | +€29,579 | +1.7% |
| Equity | 10/15 | €1,374,725 | €1,456,779 | +€82,053 | +6.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €334,491 | €334,491 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €332,632 | €332,632 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,021,642 | €1,103,696 | +€82,053 | +8.0% |
| Amounts payable | 17/49 | €415,443 | €362,969 | -€52,474 | -12.6% |
| Amounts payable after more than one year | 17 | €197,675 | €91,500 | -€106,174 | -53.7% |
| Financial debts | 170/4 | €197,675 | €91,500 | -€106,174 | -53.7% |
| Amounts payable within one year | 42/48 | €217,768 | €271,469 | +€53,700 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €187,940 | +€37,940 | +25.3% |
| Financial debts | 43 | €15,967 | €23,935 | +€7,968 | +49.9% |
| Credit institutions | 430/8 | €10,500 | €23,935 | +€13,436 | +128% |
| Other loans | 439 | €5,467 | - | -€5,467 | |
| Taxes, remuneration and social security | 45 | €51,801 | €59,593 | +€7,792 | +15.0% |
| Taxes | 450/3 | €51,801 | €59,593 | +€7,792 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,593 | €39,898 | +€21,304 | +115% |
| Other operating charges | 640/8 | €25,054 | €2,149 | -€22,904 | -91.4% |
| Gross operating margin | 9900 | €346,230 | €203,031 | -€143,198 | -41.4% |
| Operating profit (loss) | 9901 | €302,582 | €160,984 | -€141,598 | -46.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €30,429 | €46,038 | +€15,609 | +51.3% |
| Recurring financial charges | 65 | €30,429 | €46,038 | +€15,609 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €272,153 | €114,946 | -€157,208 | -57.8% |
| Income taxes | 67/77 | €75,122 | €32,893 | -€42,229 | -56.2% |
| Profit (loss) for the period | 9904 | €197,031 | €82,053 | -€114,978 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €197,031 | €82,053 | -€114,978 | -58.4% |
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 21 October 2026 via checked.be.