GUIDO INDENCLEEF: 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.
GUIDO INDENCLEEF
Largest movements
- Cash -€11,191
down €11,191 (-17.6%), from €63,545 to €52,355
mainly Investment in fixed assets (net) (-€21,148) and Other debts (-€11,901)
- Tangible fixed assets +€8,626
up €8,626 (+19.3%), from €44,688 to €53,313
of which Land and buildings: +€12,395
- Receivables after one year -€8,265
down €8,265 (-11.3%), from €73,307 to €65,042
- Receivables within one year +€3,027
up €3,027 (+13.3%), from €22,805 to €25,832
of which Other amounts receivable: +€1,527
- Other debts -€11,901
down €11,901 (-75.7%), from €15,724 to €3,823
- Reserves +€6,690
up €6,690 (+7.9%), from €84,722 to €91,412
of which Distributable reserves: +€6,690
- Tax, wage and social debts -€2,392
down €2,392 (-71.9%), from €3,328 to €936
of which Remuneration and social security: -€2,500
- Financial charges -€7,924
down €7,924 (-82.6%), from €9,588 to €1,664
of which Non-recurring financial charges: -€8,000
- Taxes +€2,748
up €2,748 (+98.4%), from €2,793 to €5,541
- Depreciation +€1,738
up €1,738 (+16.1%), from €10,784 to €12,522
- Gross operating margin +€396
up €396 (+1.4%), from €27,339 to €27,735
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 | €208,284 | €200,370 | -€7,913 | -3.8% |
| Fixed assets | 21/28 | €44,688 | €53,313 | +€8,626 | +19.3% |
| Tangible fixed assets | 22/27 | €44,688 | €53,313 | +€8,626 | +19.3% |
| Land and buildings | 22 | €30,514 | €42,909 | +€12,395 | +40.6% |
| Plant, machinery and equipment | 23 | €8,724 | €6,492 | -€2,232 | -25.6% |
| Furniture and vehicles | 24 | €5,450 | €3,912 | -€1,537 | -28.2% |
| Current assets | 29/58 | €163,596 | €147,057 | -€16,539 | -10.1% |
| Amounts receivable after more than one year | 29 | €73,307 | €65,042 | -€8,265 | -11.3% |
| Other amounts receivable | 291 | €73,307 | €65,042 | -€8,265 | -11.3% |
| Amounts receivable within one year | 40/41 | €22,805 | €25,832 | +€3,027 | +13.3% |
| Trade receivables | 40 | €1,353 | €2,853 | +€1,500 | +111% |
| Other amounts receivable | 41 | €21,452 | €22,979 | +€1,527 | +7.1% |
| Cash at bank and in hand | 54/58 | €63,545 | €52,355 | -€11,191 | -17.6% |
| Deferred charges and accrued income | 490/1 | €3,939 | €3,828 | -€111 | -2.8% |
| Total equity and liabilities | 10/49 | €208,284 | €200,370 | -€7,913 | -3.8% |
| Equity | 10/15 | €172,197 | €178,887 | +€6,690 | +3.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €84,722 | €91,412 | +€6,690 | +7.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €68,722 | €75,412 | +€6,690 | +9.7% |
| Profit (loss) carried forward | 14 | €67,475 | €67,475 | = | 0.0% |
| Amounts payable | 17/49 | €36,087 | €21,483 | -€14,603 | -40.5% |
| Amounts payable within one year | 42/48 | €30,287 | €14,483 | -€15,803 | -52.2% |
| Financial debts | 43 | €4,585 | €2,593 | -€1,992 | -43.4% |
| Credit institutions | 430/8 | €4,585 | €2,593 | -€1,992 | -43.4% |
| Trade debts | 44 | €6,651 | €7,132 | +€481 | +7.2% |
| Suppliers | 440/4 | €6,651 | €7,132 | +€481 | +7.2% |
| Taxes, remuneration and social security | 45 | €3,328 | €936 | -€2,392 | -71.9% |
| Taxes | 450/3 | €828 | €936 | +€108 | +13.0% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €15,724 | €3,823 | -€11,901 | -75.7% |
| Accrued charges and deferred income | 492/3 | €5,800 | €7,000 | +€1,200 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,784 | €12,522 | +€1,738 | +16.1% |
| Other operating charges | 640/8 | €752 | €511 | -€241 | -32.0% |
| Gross operating margin | 9900 | €27,339 | €27,735 | +€396 | +1.4% |
| Operating profit (loss) | 9901 | €15,803 | €14,701 | -€1,101 | -7.0% |
| Financial income | 75/76B | €1,515 | €1,352 | -€163 | -10.8% |
| Recurring financial income | 75 | €1,515 | €1,352 | -€163 | -10.8% |
| Financial charges | 65/66B | €9,588 | €1,664 | -€7,924 | -82.6% |
| Recurring financial charges | 65 | €1,588 | €1,664 | +€76 | +4.8% |
| Non-recurring financial charges | 66B | €8,000 | €0 | -€8,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | €7,730 | €14,390 | +€6,660 | +86.2% |
| Income taxes | 67/77 | €2,793 | €5,541 | +€2,748 | +98.4% |
| Profit (loss) for the period | 9904 | €4,937 | €8,849 | +€3,912 | +79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,937 | €8,849 | +€3,912 | +79.2% |
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 24 October 2026 via checked.be.