Guy Dedecker: 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.
Guy Dedecker
Largest movements
- Cash +€36,282
up €36,282 (+53.1%), from €68,337 to €104,620
mainly Net result for the year (+€35,227) and Depreciation (+€12,217)
- Tangible fixed assets -€3,642
down €3,642 (-7.3%), from €49,696 to €46,053
of which Furniture and vehicles: -€3,536
- Receivables within one year -€1,733
down €1,733 (-10.4%), from €16,676 to €14,944
of which Trade receivables: -€1,729
- Reserves +€35,227
up €35,227 (+82.2%), from €42,871 to €78,098
- Tax, wage and social debts +€8,019
up €8,019 (+27.8%), from €28,830 to €36,849
- Debts after one year -€7,926
down €7,926 (-30.0%), from €26,385 to €18,459
- Trade debts -€2,403
down €2,403 (-53.4%), from €4,502 to €2,099
- Gross operating margin +€7,595
up €7,595 (+12.3%), from €61,658 to €69,253
- Taxes +€3,603
up €3,603 (+28.3%), from €12,734 to €16,337
- Depreciation +€2,409
up €2,409 (+24.6%), from €9,808 to €12,217
- Other operating charges +€1,247
up €1,247 (+116.6%), from €1,069 to €2,316
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 | €134,709 | €166,625 | +€31,916 | +23.7% |
| Fixed assets | 21/28 | €49,696 | €46,053 | -€3,642 | -7.3% |
| Tangible fixed assets | 22/27 | €49,696 | €46,053 | -€3,642 | -7.3% |
| Land and buildings | 22 | €425 | €319 | -€106 | -25.0% |
| Furniture and vehicles | 24 | €49,270 | €45,734 | -€3,536 | -7.2% |
| Current assets | 29/58 | €85,014 | €120,572 | +€35,558 | +41.8% |
| Amounts receivable within one year | 40/41 | €16,676 | €14,944 | -€1,733 | -10.4% |
| Trade receivables | 40 | €16,672 | €14,944 | -€1,729 | -10.4% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €68,337 | €104,620 | +€36,282 | +53.1% |
| Deferred charges and accrued income | 490/1 | - | €1,009 | +€1,009 | |
| Total equity and liabilities | 10/49 | €134,709 | €166,625 | +€31,916 | +23.7% |
| Equity | 10/15 | €42,871 | €78,098 | +€35,227 | +82.2% |
| Reserves | 13 | €42,871 | €78,098 | +€35,227 | +82.2% |
| Distributable reserves | 133 | €42,871 | €78,098 | +€35,227 | +82.2% |
| Amounts payable | 17/49 | €91,838 | €88,527 | -€3,311 | -3.6% |
| Amounts payable after more than one year | 17 | €26,385 | €18,459 | -€7,926 | -30.0% |
| Financial debts | 170/4 | €26,385 | €18,459 | -€7,926 | -30.0% |
| Amounts payable within one year | 42/48 | €65,453 | €70,068 | +€4,615 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €8,431 | €7,926 | -€505 | -6.0% |
| Trade debts | 44 | €4,502 | €2,099 | -€2,403 | -53.4% |
| Suppliers | 440/4 | €4,502 | €2,099 | -€2,403 | -53.4% |
| Taxes, remuneration and social security | 45 | €28,830 | €36,849 | +€8,019 | +27.8% |
| Taxes | 450/3 | €28,830 | €36,849 | +€8,019 | +27.8% |
| Other amounts payable | 47/48 | €23,690 | €23,194 | -€496 | -2.1% |
| Non-recurring operating income | 76A | €19,774 | - | -€19,774 | |
| Remuneration, social security and pensions | 62 | €1,945 | €1,575 | -€369 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,808 | €12,217 | +€2,409 | +24.6% |
| Other operating charges | 640/8 | €1,069 | €2,316 | +€1,247 | +116.6% |
| Gross operating margin | 9900 | €61,658 | €69,253 | +€7,595 | +12.3% |
| Operating profit (loss) | 9901 | €48,835 | €53,144 | +€4,309 | +8.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,660 | €1,582 | -€78 | -4.7% |
| Recurring financial charges | 65 | €1,660 | €1,582 | -€78 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €47,175 | €51,563 | +€4,388 | +9.3% |
| Income taxes | 67/77 | €12,734 | €16,337 | +€3,603 | +28.3% |
| Profit (loss) for the period | 9904 | €34,441 | €35,227 | +€785 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,441 | €35,227 | +€785 | +2.3% |
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 29 September 2026 via checked.be.