Frédéric DUMONT: 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.
Frédéric DUMONT
Largest movements
- Receivables within one year +€20,000
new in 2024: €20,000
- Cash +€12,287
up €12,287 (+8.7%), from €141,602 to €153,888
mainly Other debts (+€37,511) and Depreciation (+€18,409)
- Tangible fixed assets -€9,890
down €9,890 (-11.4%), from €86,652 to €76,762
of which Plant, machinery and equipment: -€10,679
- Other debts +€37,511
up €37,511 (+35.8%), from €104,819 to €142,330
- Debts after one year -€17,709
down €17,709 (-23.1%), from €76,637 to €58,928
- Profit (loss) carried forward -€5,577
down €5,577 (-4.6%), from -€121,790 to -€127,367
- Trade debts +€5,437
up €5,437 (+56.5%), from €9,617 to €15,054
- Tax, wage and social debts -€4,493
down €4,493 (-49.4%), from €9,100 to €4,607
of which Taxes: -€3,100
- Staff costs -€30,020
down €30,020 (-42.9%), from €69,992 to €39,972
- Financial charges -€23,783
down €23,783 (-21.6%), from €109,938 to €86,155
- Depreciation -€9,901
down €9,901 (-35.0%), from €28,310 to €18,409
- Gross operating margin +€9,019
up €9,019 (+6.9%), from €130,430 to €139,448
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 | €229,960 | €251,323 | +€21,363 | +9.3% |
| Fixed assets | 21/28 | €86,702 | €76,812 | -€9,890 | -11.4% |
| Tangible fixed assets | 22/27 | €86,652 | €76,762 | -€9,890 | -11.4% |
| Plant, machinery and equipment | 23 | €82,687 | €72,008 | -€10,679 | -12.9% |
| Furniture and vehicles | 24 | €3,965 | €4,754 | +€790 | +19.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €143,258 | €174,511 | +€31,252 | +21.8% |
| Amounts receivable within one year | 40/41 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €141,602 | €153,888 | +€12,287 | +8.7% |
| Deferred charges and accrued income | 490/1 | €1,657 | €623 | -€1,034 | -62.4% |
| Total equity and liabilities | 10/49 | €229,960 | €251,323 | +€21,363 | +9.3% |
| Equity | 10/15 | €15,131 | €9,554 | -€5,577 | -36.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,321 | €118,321 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €578 | €578 | = | 0.0% |
| Distributable reserves | 133 | €115,883 | €115,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,790 | -€127,367 | -€5,577 | -4.6% |
| Amounts payable | 17/49 | €214,830 | €241,769 | +€26,940 | +12.5% |
| Amounts payable after more than one year | 17 | €76,637 | €58,928 | -€17,709 | -23.1% |
| Financial debts | 170/4 | €76,637 | €58,928 | -€17,709 | -23.1% |
| Amounts payable within one year | 42/48 | €138,193 | €181,034 | +€42,841 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €14,657 | €19,043 | +€4,387 | +29.9% |
| Trade debts | 44 | €9,617 | €15,054 | +€5,437 | +56.5% |
| Suppliers | 440/4 | €9,617 | €15,054 | +€5,437 | +56.5% |
| Taxes, remuneration and social security | 45 | €9,100 | €4,607 | -€4,493 | -49.4% |
| Taxes | 450/3 | €3,100 | - | -€3,100 | |
| Remuneration and social security | 454/9 | €6,000 | €4,607 | -€1,393 | -23.2% |
| Other amounts payable | 47/48 | €104,819 | €142,330 | +€37,511 | +35.8% |
| Accrued charges and deferred income | 492/3 | - | €1,807 | +€1,807 | |
| Remuneration, social security and pensions | 62 | €69,992 | €39,972 | -€30,020 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,310 | €18,409 | -€9,901 | -35.0% |
| Other operating charges | 640/8 | €520 | €602 | +€82 | +15.7% |
| Gross operating margin | 9900 | €130,430 | €139,448 | +€9,019 | +6.9% |
| Operating profit (loss) | 9901 | €31,607 | €80,465 | +€48,858 | +154.6% |
| Financial income | 75/76B | €54 | €113 | +€59 | +110.8% |
| Recurring financial income | 75 | €54 | €113 | +€59 | +110.8% |
| Financial charges | 65/66B | €109,938 | €86,155 | -€23,783 | -21.6% |
| Recurring financial charges | 65 | €109,938 | €86,155 | -€23,783 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€78,277 | -€5,577 | +€72,700 | +92.9% |
| Profit (loss) for the period | 9904 | -€78,277 | -€5,577 | +€72,700 | +92.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,277 | -€5,577 | +€72,700 | +92.9% |
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.