Esther De Schryder: 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.
Esther De Schryder
Largest movements
- Cash +€14,206
up €14,206 (+60.7%), from €23,400 to €37,606
mainly Net result for the year (+€36,034) and Depreciation (+€9,030)
- Receivables within one year +€5,682
up €5,682 (+51.7%), from €10,986 to €16,668
of which Other amounts receivable: +€2,907
- Tangible fixed assets -€3,130
down €3,130 (-10.3%), from €30,376 to €27,246
of which Leasing and similar rights: -€8,777
- Reserves +€35,234
up €35,234 (+262%), from €13,441 to €48,675
- Debts after one year -€8,361
down €8,361 (-37.5%), from €22,275 to €13,913
- Other debts -€6,773
down €6,773 (-69.3%), from €9,780 to €3,006
- Tax, wage and social debts -€3,220
down €3,220 (-80.1%), from €4,020 to €800
- Gross operating margin +€31,936
up €31,936 (+115%), from €27,886 to €59,821
- Taxes +€4,073
up €4,073 (+73.8%), from €5,520 to €9,593
- Depreciation +€3,848
up €3,848 (+74.2%), from €5,182 to €9,030
- Staff costs +€1,176
up €1,176 (+117%), from €1,008 to €2,184
- Other operating charges +€1,060
up €1,060 (+86.8%), from €1,221 to €2,281
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 | €64,761 | €81,658 | +€16,897 | +26.1% |
| Fixed assets | 21/28 | €30,376 | €27,246 | -€3,130 | -10.3% |
| Tangible fixed assets | 22/27 | €30,376 | €27,246 | -€3,130 | -10.3% |
| Furniture and vehicles | 24 | €387 | €6,034 | +€5,647 | +1,461% |
| Leasing and similar rights | 25 | €29,989 | €21,212 | -€8,777 | -29.3% |
| Current assets | 29/58 | €34,386 | €54,413 | +€20,027 | +58.2% |
| Amounts receivable within one year | 40/41 | €10,986 | €16,668 | +€5,682 | +51.7% |
| Trade receivables | 40 | €10,986 | €13,761 | +€2,775 | +25.3% |
| Other amounts receivable | 41 | - | €2,907 | +€2,907 | |
| Cash at bank and in hand | 54/58 | €23,400 | €37,606 | +€14,206 | +60.7% |
| Deferred charges and accrued income | 490/1 | - | €139 | +€139 | |
| Total equity and liabilities | 10/49 | €64,761 | €81,658 | +€16,897 | +26.1% |
| Equity | 10/15 | €18,441 | €53,675 | +€35,234 | +191% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,441 | €48,675 | +€35,234 | +262% |
| Distributable reserves | 133 | €13,441 | €48,675 | +€35,234 | +262% |
| Amounts payable | 17/49 | €46,321 | €27,983 | -€18,337 | -39.6% |
| Amounts payable after more than one year | 17 | €22,275 | €13,913 | -€8,361 | -37.5% |
| Financial debts | 170/4 | €22,275 | €13,913 | -€8,361 | -37.5% |
| Amounts payable within one year | 42/48 | €24,046 | €14,070 | -€9,976 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €8,163 | €8,361 | +€199 | +2.4% |
| Trade debts | 44 | €2,083 | €1,902 | -€181 | -8.7% |
| Suppliers | 440/4 | €2,083 | €1,902 | -€181 | -8.7% |
| Taxes, remuneration and social security | 45 | €4,020 | €800 | -€3,220 | -80.1% |
| Taxes | 450/3 | €4,020 | €800 | -€3,220 | -80.1% |
| Other amounts payable | 47/48 | €9,780 | €3,006 | -€6,773 | -69.3% |
| Remuneration, social security and pensions | 62 | €1,008 | €2,184 | +€1,176 | +117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,182 | €9,030 | +€3,848 | +74.2% |
| Other operating charges | 640/8 | €1,221 | €2,281 | +€1,060 | +86.8% |
| Gross operating margin | 9900 | €27,886 | €59,821 | +€31,936 | +115% |
| Operating profit (loss) | 9901 | €20,474 | €46,326 | +€25,852 | +126% |
| Financial charges | 65/66B | €733 | €699 | -€35 | -4.8% |
| Recurring financial charges | 65 | €733 | €699 | -€35 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €19,741 | €45,628 | +€25,887 | +131% |
| Income taxes | 67/77 | €5,520 | €9,593 | +€4,073 | +73.8% |
| Profit (loss) for the period | 9904 | €14,221 | €36,034 | +€21,814 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €14,221 | €36,034 | +€21,814 | +153% |
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 19 October 2026 via checked.be.