Francois Grisay: 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.
Francois Grisay
Largest movements
- Financial fixed assets +€185,000
new in 2024: €185,000
- Receivables within one year +€17,471
up €17,471 (+114%), from €15,282 to €32,753
- Cash +€7,307
up €7,307 (+27.7%), from €26,406 to €33,712
mainly Debts after one year (+€111,599) and Net result for the year (+€36,926)
- Debts after one year +€111,599
new in 2024: €111,599
- Reserves +€32,000
new in 2024: €32,000
- Current portion of long-term debt +€28,999
new in 2024: €28,999
- Tax, wage and social debts +€20,588
up €20,588 (+249%), from €8,276 to €28,865
- Other debts +€14,694
new in 2024: €14,694
- Gross operating margin +€24,146
up €24,146 (+67.7%), from €35,677 to €59,823
- Taxes +€10,269
up €10,269 (+135%), from €7,600 to €17,869
- Financial charges +€3,503
up €3,503 (+2,763%), from €127 to €3,630
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 | €42,667 | €253,937 | +€211,270 | +495% |
| Fixed assets | 21/28 | €979 | €187,472 | +€186,493 | +19,050% |
| Tangible fixed assets | 22/27 | €979 | €2,472 | +€1,493 | +152% |
| Furniture and vehicles | 24 | €979 | €2,472 | +€1,493 | +152% |
| Financial fixed assets | 28 | - | €185,000 | +€185,000 | |
| Current assets | 29/58 | €41,688 | €66,465 | +€24,777 | +59.4% |
| Amounts receivable within one year | 40/41 | €15,282 | €32,753 | +€17,471 | +114% |
| Trade receivables | 40 | €15,282 | €32,753 | +€17,471 | +114% |
| Cash at bank and in hand | 54/58 | €26,406 | €33,712 | +€7,307 | +27.7% |
| Total equity and liabilities | 10/49 | €42,667 | €253,937 | +€211,270 | +495% |
| Equity | 10/15 | €32,141 | €69,066 | +€36,926 | +115% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €32,000 | +€32,000 | |
| Distributable reserves | 133 | - | €32,000 | +€32,000 | |
| Profit (loss) carried forward | 14 | €27,141 | €32,066 | +€4,926 | +18.1% |
| Amounts payable | 17/49 | €10,526 | €184,871 | +€174,344 | +1,656% |
| Amounts payable after more than one year | 17 | - | €111,599 | +€111,599 | |
| Financial debts | 170/4 | - | €111,599 | +€111,599 | |
| Amounts payable within one year | 42/48 | €10,526 | €73,271 | +€62,745 | +596% |
| Current portion of amounts payable after more than one year | 42 | - | €28,999 | +€28,999 | |
| Financial debts | 43 | €2,250 | - | -€2,250 | |
| Credit institutions | 430/8 | €2,250 | - | -€2,250 | |
| Trade debts | 44 | - | €713 | +€713 | |
| Suppliers | 440/4 | - | €713 | +€713 | |
| Taxes, remuneration and social security | 45 | €8,276 | €28,865 | +€20,588 | +249% |
| Taxes | 450/3 | €8,276 | €28,865 | +€20,588 | +249% |
| Other amounts payable | 47/48 | - | €14,694 | +€14,694 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466 | €948 | +€483 | +104% |
| Other operating charges | 640/8 | €344 | €451 | +€107 | +31.1% |
| Gross operating margin | 9900 | €35,677 | €59,823 | +€24,146 | +67.7% |
| Operating profit (loss) | 9901 | €34,868 | €58,424 | +€23,557 | +67.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €127 | €3,630 | +€3,503 | +2,763% |
| Recurring financial charges | 65 | €127 | €3,630 | +€3,503 | +2,763% |
| Profit (loss) for the period before taxes | 9903 | €34,741 | €54,794 | +€20,054 | +57.7% |
| Income taxes | 67/77 | €7,600 | €17,869 | +€10,269 | +135% |
| Profit (loss) for the period | 9904 | €27,141 | €36,926 | +€9,785 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,141 | €36,926 | +€9,785 | +36.1% |
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 13 October 2026 via checked.be.