JOHAN VAN DRIESSCHE: 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.
JOHAN VAN DRIESSCHE
Largest movements
- Receivables within one year +€69,580
up €69,580 (+10.4%), from €669,525 to €739,105
of which Trade receivables: +€93,071
- Cash -€24,349
down €24,349 (-57.9%), from €42,072 to €17,723
mainly Other debts (-€200,316) and Receivables within one year (-€69,580)
- Other debts -€200,316
down €200,316 (-28.6%), from €699,768 to €499,452
- Accrued charges and deferred income +€149,699
up €149,699 (+41,357%), from €362 to €150,061
- Reserves +€57,733
up €57,733 (+18.4%), from €313,787 to €371,520
of which Distributable reserves: +€57,733
- Debts after one year +€22,893
up €22,893 (+3.1%), from €728,618 to €751,511
- Gross operating margin +€76,443
up €76,443 (+40.9%), from €186,930 to €263,373
- Other operating charges -€64,901
down €64,901 (-89.7%), from €72,377 to €7,476
- Financial charges +€36,293
up €36,293 (+150%), from €24,164 to €60,457
- Taxes +€21,106
up €21,106 (+913%), from €2,312 to €23,418
- Staff costs +€17,565
up €17,565 (+35.0%), from €50,115 to €67,680
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 | €2,023,308 | €2,066,100 | +€42,793 | +2.1% |
| Fixed assets | 21/28 | €1,300,402 | €1,307,578 | +€7,176 | +0.6% |
| Tangible fixed assets | 22/27 | €1,300,102 | €1,307,278 | +€7,176 | +0.6% |
| Land and buildings | 22 | €1,295,099 | €1,253,445 | -€41,653 | -3.2% |
| Plant, machinery and equipment | 23 | €3,158 | €44,666 | +€41,509 | +1,315% |
| Furniture and vehicles | 24 | €1,846 | €9,166 | +€7,321 | +397% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €722,906 | €758,522 | +€35,617 | +4.9% |
| Stocks and contracts in progress | 3 | €7,416 | - | -€7,416 | |
| Stocks | 30/36 | €7,416 | - | -€7,416 | |
| Amounts receivable within one year | 40/41 | €669,525 | €739,105 | +€69,580 | +10.4% |
| Trade receivables | 40 | €614,573 | €707,645 | +€93,071 | +15.1% |
| Other amounts receivable | 41 | €54,952 | €31,460 | -€23,492 | -42.7% |
| Cash at bank and in hand | 54/58 | €42,072 | €17,723 | -€24,349 | -57.9% |
| Deferred charges and accrued income | 490/1 | €3,893 | €1,695 | -€2,198 | -56.5% |
| Total equity and liabilities | 10/49 | €2,023,308 | €2,066,100 | +€42,793 | +2.1% |
| Equity | 10/15 | €319,987 | €377,720 | +€57,733 | +18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €313,787 | €371,520 | +€57,733 | +18.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €311,927 | €369,660 | +€57,733 | +18.5% |
| Amounts payable | 17/49 | €1,703,321 | €1,688,380 | -€14,941 | -0.9% |
| Amounts payable after more than one year | 17 | €728,618 | €751,511 | +€22,893 | +3.1% |
| Financial debts | 170/4 | €728,618 | €751,511 | +€22,893 | +3.1% |
| Amounts payable within one year | 42/48 | €974,341 | €786,808 | -€187,533 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €41,930 | €58,227 | +€16,296 | +38.9% |
| Trade debts | 44 | €193,104 | €183,164 | -€9,940 | -5.1% |
| Suppliers | 440/4 | €193,104 | €183,164 | -€9,940 | -5.1% |
| Advances received on contracts in progress | 46 | €8,745 | €8,745 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €30,794 | €37,220 | +€6,427 | +20.9% |
| Taxes | 450/3 | €30,794 | €37,220 | +€6,427 | +20.9% |
| Other amounts payable | 47/48 | €699,768 | €499,452 | -€200,316 | -28.6% |
| Accrued charges and deferred income | 492/3 | €362 | €150,061 | +€149,699 | +41,357% |
| Remuneration, social security and pensions | 62 | €50,115 | €67,680 | +€17,565 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,365 | €46,106 | +€13,740 | +42.5% |
| Other operating charges | 640/8 | €72,377 | €7,476 | -€64,901 | -89.7% |
| Non-recurring operating charges | 66A | - | €549 | +€549 | |
| Gross operating margin | 9900 | €186,930 | €263,373 | +€76,443 | +40.9% |
| Operating profit (loss) | 9901 | €32,073 | €141,562 | +€109,489 | +341% |
| Financial income | 75/76B | €280 | €47 | -€233 | -83.2% |
| Recurring financial income | 75 | €280 | €47 | -€233 | -83.2% |
| Financial charges | 65/66B | €24,164 | €60,457 | +€36,293 | +150% |
| Recurring financial charges | 65 | €24,164 | €60,457 | +€36,293 | +150% |
| Profit (loss) for the period before taxes | 9903 | €8,188 | €81,151 | +€72,963 | +891% |
| Income taxes | 67/77 | €2,312 | €23,418 | +€21,106 | +913% |
| Profit (loss) for the period | 9904 | €5,876 | €57,733 | +€51,857 | +883% |
| Profit (loss) for the period to be appropriated | 9905 | €5,876 | €57,733 | +€51,857 | +883% |
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 20 October 2026 via checked.be.