MARTINE DIELMAN: 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.
MARTINE DIELMAN
Largest movements
- Cash +€17,834
up €17,834 (+81.5%), from €21,872 to €39,706
mainly Other debts (+€11,231) and Net result for the year (+€8,634)
- Other debts +€11,231
up €11,231 (+8.0%), from €140,137 to €151,368
- Profit (loss) carried forward +€8,634
up €8,634 (+5.0%), from €172,504 to €181,138
- Trade debts -€8,058
down €8,058 (-33.1%), from €24,322 to €16,264
- Tax, wage and social debts +€5,480
up €5,480 (+1,054%), from €520 to €6,000
- Gross operating margin +€29,436
up €29,436 (+570%), from €5,163 to €34,599
- Taxes +€10,380
up €10,380 (+689%), from €1,506 to €11,886
- Other operating charges +€2,831
up €2,831 (+98.5%), from €2,875 to €5,706
- Depreciation +€835
up €835 (+12.4%), from €6,755 to €7,590
- Financial charges -€446
down €446 (-36.3%), from €1,229 to €783
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 | €511,565 | €528,852 | +€17,287 | +3.4% |
| Formation expenses | 20 | €935 | €468 | -€467 | -49.9% |
| Fixed assets | 21/28 | €16,088 | €16,228 | +€140 | +0.9% |
| Tangible fixed assets | 22/27 | €16,088 | €16,228 | +€140 | +0.9% |
| Land and buildings | 22 | €7,413 | €7,413 | = | 0.0% |
| Plant, machinery and equipment | 23 | €912 | €5,957 | +€5,045 | +553% |
| Furniture and vehicles | 24 | €7,763 | €2,858 | -€4,905 | -63.2% |
| Current assets | 29/58 | €494,542 | €512,156 | +€17,614 | +3.6% |
| Amounts receivable within one year | 40/41 | €471,522 | €472,450 | +€928 | +0.2% |
| Trade receivables | 40 | €384,960 | €394,913 | +€9,953 | +2.6% |
| Other amounts receivable | 41 | €86,562 | €77,537 | -€9,025 | -10.4% |
| Cash at bank and in hand | 54/58 | €21,872 | €39,706 | +€17,834 | +81.5% |
| Deferred charges and accrued income | 490/1 | €1,148 | - | -€1,148 | |
| Total equity and liabilities | 10/49 | €511,565 | €528,852 | +€17,287 | +3.4% |
| Equity | 10/15 | €346,586 | €355,220 | +€8,634 | +2.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €167,885 | €167,885 | = | 0.0% |
| 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 | €166,025 | €166,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,504 | €181,138 | +€8,634 | +5.0% |
| Amounts payable | 17/49 | €164,979 | €173,632 | +€8,653 | +5.2% |
| Amounts payable within one year | 42/48 | €164,979 | €173,632 | +€8,653 | +5.2% |
| Trade debts | 44 | €24,322 | €16,264 | -€8,058 | -33.1% |
| Suppliers | 440/4 | €24,322 | €16,264 | -€8,058 | -33.1% |
| Taxes, remuneration and social security | 45 | €520 | €6,000 | +€5,480 | +1,054% |
| Taxes | 450/3 | €520 | €6,000 | +€5,480 | +1,054% |
| Other amounts payable | 47/48 | €140,137 | €151,368 | +€11,231 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,755 | €7,590 | +€835 | +12.4% |
| Other operating charges | 640/8 | €2,875 | €5,706 | +€2,831 | +98.5% |
| Gross operating margin | 9900 | €5,163 | €34,599 | +€29,436 | +570% |
| Operating profit (loss) | 9901 | -€4,467 | €21,303 | +€25,770 | |
| Financial charges | 65/66B | €1,229 | €783 | -€446 | -36.3% |
| Recurring financial charges | 65 | €1,229 | €783 | -€446 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,696 | €20,520 | +€26,216 | |
| Income taxes | 67/77 | €1,506 | €11,886 | +€10,380 | +689% |
| Profit (loss) for the period | 9904 | -€7,202 | €8,634 | +€15,836 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,202 | €8,634 | +€15,836 |
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 1 November 2026 via checked.be.