JAN DECORTE: 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.
JAN DECORTE
Largest movements
- Receivables after one year +€17,212
up €17,212 (+9.5%), from €181,250 to €198,462
of which Other amounts receivable: +€13,000
- Cash -€7,676
down €7,676 (-95.9%), from €8,003 to €327
mainly Contributions, distributions and other (-€27,000) and Receivables after one year (-€17,212)
- Current investments +€6,245
up €6,245 (+57.5%), from €10,854 to €17,099
- Tangible fixed assets +€3,839
up €3,839 (+76.4%), from €5,026 to €8,865
of which Other tangible fixed assets: +€5,316
- Receivables within one year +€2,679
up €2,679 (+105.8%), from €2,532 to €5,211
- Other debts +€28,156
new in 2024: €28,156
- Reserves -€3,600
down €3,600 (-1.9%), from €187,960 to €184,360
- Accrued charges and deferred income +€3,345
new in 2024: €3,345
- Trade debts -€2,985
down €2,985 (-23.4%), from €12,757 to €9,772
- Gross operating margin -€40,641
down €40,641 (-51.7%), from €78,550 to €37,909
- Taxes -€6,231
down €6,231 (-35.9%), from €17,351 to €11,120
- Financial charges -€3,292
down €3,292 (-71.0%), from €4,638 to €1,345
- Other operating charges -€1,494
down €1,494 (-60.4%), from €2,474 to €980
- Financial income +€963
up €963 (+681.8%), from €141 to €1,105
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 | €232,369 | €255,768 | +€23,399 | +10.1% |
| Fixed assets | 21/28 | €29,730 | €33,568 | +€3,839 | +12.9% |
| Tangible fixed assets | 22/27 | €5,026 | €8,865 | +€3,839 | +76.4% |
| Furniture and vehicles | 24 | €3,867 | €2,390 | -€1,477 | -38.2% |
| Other tangible fixed assets | 26 | €1,159 | €6,475 | +€5,316 | +458.7% |
| Financial fixed assets | 28 | €24,704 | €24,704 | = | 0.0% |
| Current assets | 29/58 | €202,639 | €222,199 | +€19,560 | +9.7% |
| Amounts receivable after more than one year | 29 | €181,250 | €198,462 | +€17,212 | +9.5% |
| Trade receivables | 290 | - | €4,212 | +€4,212 | |
| Other amounts receivable | 291 | €181,250 | €194,250 | +€13,000 | +7.2% |
| Amounts receivable within one year | 40/41 | €2,532 | €5,211 | +€2,679 | +105.8% |
| Other amounts receivable | 41 | €2,532 | €5,211 | +€2,679 | +105.8% |
| Current investments | 50/53 | €10,854 | €17,099 | +€6,245 | +57.5% |
| Cash at bank and in hand | 54/58 | €8,003 | €327 | -€7,676 | -95.9% |
| Deferred charges and accrued income | 490/1 | - | €1,100 | +€1,100 | |
| Total equity and liabilities | 10/49 | €232,369 | €255,768 | +€23,399 | +10.1% |
| Equity | 10/15 | €194,199 | €190,606 | -€3,593 | -1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €187,960 | €184,360 | -€3,600 | -1.9% |
| Distributable reserves | 133 | €187,960 | €184,360 | -€3,600 | -1.9% |
| Profit (loss) carried forward | 14 | €39 | €46 | +€7 | +18.1% |
| Amounts payable | 17/49 | €38,169 | €65,161 | +€26,992 | +70.7% |
| Amounts payable within one year | 42/48 | €38,169 | €61,816 | +€23,647 | +62.0% |
| Financial debts | 43 | €21,313 | €21,548 | +€236 | +1.1% |
| Credit institutions | 430/8 | €21,313 | €17,153 | -€4,160 | -19.5% |
| Other loans | 439 | - | €4,395 | +€4,395 | |
| Trade debts | 44 | €12,757 | €9,772 | -€2,985 | -23.4% |
| Suppliers | 440/4 | €12,757 | €9,772 | -€2,985 | -23.4% |
| Taxes, remuneration and social security | 45 | €4,100 | €2,340 | -€1,760 | -42.9% |
| Taxes | 450/3 | €4,100 | €2,340 | -€1,760 | -42.9% |
| Other amounts payable | 47/48 | - | €28,156 | +€28,156 | |
| Accrued charges and deferred income | 492/3 | - | €3,345 | +€3,345 | |
| Non-recurring operating income | 76A | - | €5,755 | +€5,755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,218 | €2,161 | +€943 | +77.4% |
| Other operating charges | 640/8 | €2,474 | €980 | -€1,494 | -60.4% |
| Non-recurring operating charges | 66A | €33,601 | - | -€33,601 | |
| Gross operating margin | 9900 | €78,550 | €37,909 | -€40,641 | -51.7% |
| Operating profit (loss) | 9901 | €41,256 | €34,767 | -€6,489 | -15.7% |
| Financial income | 75/76B | €141 | €1,105 | +€963 | +681.8% |
| Recurring financial income | 75 | €141 | €1,105 | +€963 | +681.8% |
| Financial charges | 65/66B | €4,638 | €1,345 | -€3,292 | -71.0% |
| Recurring financial charges | 65 | €4,638 | €1,345 | -€3,292 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €36,760 | €34,527 | -€2,233 | -6.1% |
| Income taxes | 67/77 | €17,351 | €11,120 | -€6,231 | -35.9% |
| Profit (loss) for the period | 9904 | €19,410 | €23,407 | +€3,997 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,410 | €23,407 | +€3,997 | +20.6% |
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 2 October 2026 via checked.be.