Eline Daelemans: 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.
Eline Daelemans
Largest movements
- Current investments +€80,000
new in 2024: €80,000
- Tangible fixed assets -€47,262
down €47,262 (-9.7%), from €487,026 to €439,765
of which Other tangible fixed assets: -€42,774
- Cash -€13,121
down €13,121 (-23.3%), from €56,354 to €43,233
mainly Current investments (-€80,000) and Debts after one year (-€27,758)
- Reserves +€34,717
new in 2024: €34,717
- Debts after one year -€27,758
down €27,758 (-5.4%), from €514,247 to €486,489
- Profit (loss) carried forward +€14,830
no longer reported in 2024 (was -€14,830)
- Gross operating margin +€36,018
up €36,018 (+52.8%), from €68,277 to €104,296
- Other operating charges -€2,473
down €2,473 (-50.0%), from €4,947 to €2,474
- Financial income +€1,539
new in 2024: €1,539
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
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 | €560,689 | €579,260 | +€18,571 | +3.3% |
| Fixed assets | 21/28 | €487,026 | €439,765 | -€47,262 | -9.7% |
| Tangible fixed assets | 22/27 | €487,026 | €439,765 | -€47,262 | -9.7% |
| Plant, machinery and equipment | 23 | €11,365 | €8,026 | -€3,339 | -29.4% |
| Furniture and vehicles | 24 | €3,980 | €2,832 | -€1,149 | -28.9% |
| Other tangible fixed assets | 26 | €471,681 | €428,907 | -€42,774 | -9.1% |
| Current assets | 29/58 | €73,663 | €139,496 | +€65,833 | +89.4% |
| Amounts receivable within one year | 40/41 | €12,651 | €9,056 | -€3,595 | -28.4% |
| Other amounts receivable | 41 | €12,651 | €9,056 | -€3,595 | -28.4% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €56,354 | €43,233 | -€13,121 | -23.3% |
| Deferred charges and accrued income | 490/1 | €4,658 | €7,207 | +€2,549 | +54.7% |
| Total equity and liabilities | 10/49 | €560,689 | €579,260 | +€18,571 | +3.3% |
| Equity | 10/15 | €10,170 | €59,717 | +€49,547 | +487% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €34,717 | +€34,717 | |
| Distributable reserves | 133 | - | €34,717 | +€34,717 | |
| Profit (loss) carried forward | 14 | -€14,830 | - | +€14,830 | |
| Amounts payable | 17/49 | €550,520 | €519,544 | -€30,976 | -5.6% |
| Amounts payable after more than one year | 17 | €514,247 | €486,489 | -€27,758 | -5.4% |
| Financial debts | 170/4 | €514,247 | €486,489 | -€27,758 | -5.4% |
| Amounts payable within one year | 42/48 | €36,273 | €33,054 | -€3,218 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €27,430 | €27,758 | +€328 | +1.2% |
| Trade debts | 44 | €6,117 | €2,537 | -€3,580 | -58.5% |
| Suppliers | 440/4 | €6,117 | €2,537 | -€3,580 | -58.5% |
| Taxes, remuneration and social security | 45 | €2,726 | €2,760 | +€34 | +1.2% |
| Remuneration and social security | 454/9 | €2,726 | €2,760 | +€34 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,698 | €47,262 | +€564 | +1.2% |
| Other operating charges | 640/8 | €4,947 | €2,474 | -€2,473 | -50.0% |
| Gross operating margin | 9900 | €68,277 | €104,296 | +€36,018 | +52.8% |
| Operating profit (loss) | 9901 | €16,633 | €54,560 | +€37,927 | +228% |
| Financial income | 75/76B | - | €1,539 | +€1,539 | |
| Recurring financial income | 75 | - | €1,539 | +€1,539 | |
| Financial charges | 65/66B | €7,517 | €6,552 | -€965 | -12.8% |
| Recurring financial charges | 65 | €7,517 | €6,552 | -€965 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €9,116 | €49,547 | +€40,431 | +444% |
| Profit (loss) for the period | 9904 | €9,116 | €49,547 | +€40,431 | +444% |
| Profit (loss) for the period to be appropriated | 9905 | €9,116 | €49,547 | +€40,431 | +444% |
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 16 October 2026 via checked.be.