LODE VANMULLEM: 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.
LODE VANMULLEM
Largest movements
- Cash -€27,974
down €27,974 (-69.8%), from €40,074 to €12,100
mainly Contributions, distributions and other (-€74,010) and Receivables within one year (-€26,049)
- Receivables within one year +€26,049
up €26,049 (+4.7%), from €548,694 to €574,743
of which Other amounts receivable: +€47,349
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€28,249
up €28,249 (+36.8%), from €76,670 to €104,920
- Taxes +€11,129
up €11,129 (+54.8%), from €20,322 to €31,451
- Financial income +€4,241
up €4,241 (+18.9%), from €22,433 to €26,673
- Depreciation +€1,935
up €1,935 (+529.9%), from €365 to €2,300
- Staff costs +€1,102
up €1,102 (+4.6%), from €24,126 to €25,229
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 | €594,487 | €592,177 | -€2,309 | -0.4% |
| Fixed assets | 21/28 | €5,719 | €5,334 | -€384 | -6.7% |
| Tangible fixed assets | 22/27 | €5,719 | €5,334 | -€384 | -6.7% |
| Furniture and vehicles | 24 | €5,719 | €5,334 | -€384 | -6.7% |
| Current assets | 29/58 | €588,768 | €586,843 | -€1,925 | -0.3% |
| Amounts receivable within one year | 40/41 | €548,694 | €574,743 | +€26,049 | +4.7% |
| Trade receivables | 40 | €40,358 | €19,058 | -€21,300 | -52.8% |
| Other amounts receivable | 41 | €508,336 | €555,685 | +€47,349 | +9.3% |
| Cash at bank and in hand | 54/58 | €40,074 | €12,100 | -€27,974 | -69.8% |
| Total equity and liabilities | 10/49 | €594,487 | €592,177 | -€2,309 | -0.4% |
| Equity | 10/15 | €540,551 | €535,125 | -€5,426 | -1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €534,351 | €528,925 | -€5,426 | -1.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,802 | €3,802 | = | 0.0% |
| Distributable reserves | 133 | €528,694 | €523,268 | -€5,426 | -1.0% |
| Amounts payable | 17/49 | €53,936 | €57,053 | +€3,117 | +5.8% |
| Amounts payable within one year | 42/48 | €53,588 | €55,833 | +€2,245 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €6,760 | €6,772 | +€12 | +0.2% |
| Trade debts | 44 | €20,853 | €17,993 | -€2,860 | -13.7% |
| Suppliers | 440/4 | €20,853 | €17,993 | -€2,860 | -13.7% |
| Taxes, remuneration and social security | 45 | €25,975 | €31,067 | +€5,092 | +19.6% |
| Taxes | 450/3 | €15,204 | €24,857 | +€9,653 | +63.5% |
| Remuneration and social security | 454/9 | €10,771 | €6,210 | -€4,561 | -42.3% |
| Accrued charges and deferred income | 492/3 | €348 | €1,220 | +€873 | +251.1% |
| Non-recurring operating income | 76A | - | €14,904 | +€14,904 | |
| Remuneration, social security and pensions | 62 | €24,126 | €25,229 | +€1,102 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €365 | €2,300 | +€1,935 | +529.9% |
| Other operating charges | 640/8 | €2,219 | €2,906 | +€687 | +31.0% |
| Gross operating margin | 9900 | €76,670 | €104,920 | +€28,249 | +36.8% |
| Operating profit (loss) | 9901 | €49,960 | €74,485 | +€24,525 | +49.1% |
| Financial income | 75/76B | €22,433 | €26,673 | +€4,241 | +18.9% |
| Recurring financial income | 75 | €22,433 | €26,673 | +€4,241 | +18.9% |
| Financial charges | 65/66B | €1,548 | €1,124 | -€424 | -27.4% |
| Recurring financial charges | 65 | €1,548 | €1,124 | -€424 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €70,845 | €100,035 | +€29,190 | +41.2% |
| Income taxes | 67/77 | €20,322 | €31,451 | +€11,129 | +54.8% |
| Profit (loss) for the period | 9904 | €50,523 | €68,584 | +€18,060 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,523 | €68,584 | +€18,060 | +35.7% |
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 1 October 2026 via checked.be.