MeetDistrict Gent: 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.
What changed
MeetDistrict Gent
NACE 82.100, Office administrative and support services
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€889,627
2023 · -€1.7m+€766,027
Equity
€1.9m
2023 · €2.8m-€889,627
Cash
€347,520
2023 · €123,274+€224,246
Balance sheet total
€23.6m
2023 · €24.9m-€1.2m
Largest movements
Assets
- Tangible fixed assets -€1.5m
down €1.5m (-7.3%), from €19.9m to €18.4m
of which Land and buildings: -€1.4m
- Receivables within one year +€282,100
up €282,100 (+16.0%), from €1.8m to €2.0m
of which Trade receivables: +€278,893
Equity and liabilities
- Debts after one year -€1.5m
down €1.5m (-14.3%), from €10.7m to €9.1m
- Trade debts +€997,166
up €997,166 (+31.1%), from €3.2m to €4.2m
- Profit (loss) carried forward -€889,627
down €889,627 (-6.7%), from -€13.3m to -€14.2m
Income statement
- Turnover -€4.9m
no longer reported in 2024 (was €4.9m)
- Purchases and services -€4.0m
no longer reported in 2024 (was €4.0m)
- Gross operating margin +€898,495
up €898,495 (+76.4%), from €1.2m to €2.1m
- Write-downs +€390,257
up €390,257 (+47,767%), from €817 to €391,074
- Other operating charges -€199,536
down €199,536 (-92.4%), from €216,010 to €16,474
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.
Result 2023
-€1.7m
Gross operating margin
+€898,495
Staff costs
+€27,579
Depreciation
-€4,094
Write-downs
-€390,257
Other operating charges
+€199,536
Financial income
+€37,798
Financial charges
-€3,129
Taxes
+€98
Result 2024
-€889,627
raises the resultlowers the result
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.
From operations
+€1.3m
Investment
+€204,761
Financing
-€1.3m
Cash 2023
€123,274
From operations (derived)
+€1.3m
Net result for the year
-€889,627
Depreciation
+€1.5m
Receivables within one year
-€282,100
Deferred charges and accrued income
+€816
Trade debts
+€997,166
Tax, wage and social debts
-€42,530
Other debts
+€60,922
Accrued charges and deferred income
-€22,761
Investment (derived)
+€204,761
Investment in fixed assets (net)
+€204,761
Financing
-€1.3m
Debts after one year
-€1.5m
Current portion of long-term debt
+€199,041
Contributions, distributions and other
+€0
Cash 2024
€347,520
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,855,038 | €23,629,250 | -€1.2m | -4.9% |
| Fixed assets | 21/28 | €22,956,523 | €21,225,206 | -€1.7m | -7.5% |
| Intangible fixed assets | 21 | €112,367 | €74,567 | -€37,800 | -33.6% |
| Tangible fixed assets | 22/27 | €19,885,883 | €18,430,080 | -€1.5m | -7.3% |
| Land and buildings | 22 | €19,758,493 | €18,384,741 | -€1.4m | -7.0% |
| Furniture and vehicles | 24 | €56,806 | €45,338 | -€11,468 | -20.2% |
| Assets under construction and advance payments | 27 | €70,584 | - | -€70,584 | |
| Financial fixed assets | 28 | €2,958,273 | €2,720,559 | -€237,714 | -8.0% |
| Current assets | 29/58 | €1,898,515 | €2,404,045 | +€505,530 | +26.6% |
| Amounts receivable within one year | 40/41 | €1,759,308 | €2,041,408 | +€282,100 | +16.0% |
| Trade receivables | 40 | €1,759,308 | €2,038,201 | +€278,893 | +15.9% |
| Other amounts receivable | 41 | - | €3,206 | +€3,206 | |
| Cash at bank and in hand | 54/58 | €123,274 | €347,520 | +€224,246 | +182% |
| Deferred charges and accrued income | 490/1 | €15,933 | €15,117 | -€816 | -5.1% |
| Total equity and liabilities | 10/49 | €24,855,038 | €23,629,250 | -€1.2m | -4.9% |
| Equity | 10/15 | €2,821,786 | €1,932,159 | -€889,627 | -31.5% |
| Contributions | 10/11 | €16,121,000 | €16,121,000 | = | 0.0% |
| Capital | 10 | €16,121,000 | €16,121,000 | = | 0.0% |
| Issued capital | 100 | €16,121,000 | €16,121,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,299,214 | -€14,188,841 | -€889,627 | -6.7% |
| Amounts payable | 17/49 | €22,033,252 | €21,697,091 | -€336,161 | -1.5% |
| Amounts payable after more than one year | 17 | €10,672,306 | €9,144,307 | -€1.5m | -14.3% |
| Financial debts | 170/4 | €10,672,306 | €9,144,307 | -€1.5m | -14.3% |
| Amounts payable within one year | 42/48 | €11,041,832 | €12,256,431 | +€1.2m | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €1,458,263 | €1,657,304 | +€199,041 | +13.6% |
| Financial debts | 43 | €5,470,000 | €5,470,000 | = | 0.0% |
| Credit institutions | 430/8 | €5,470,000 | €5,470,000 | = | 0.0% |
| Trade debts | 44 | €3,202,496 | €4,199,662 | +€997,166 | +31.1% |
| Suppliers | 440/4 | €3,202,496 | €4,199,662 | +€997,166 | +31.1% |
| Taxes, remuneration and social security | 45 | €132,995 | €90,465 | -€42,530 | -32.0% |
| Taxes | 450/3 | €61,217 | €43,108 | -€18,109 | -29.6% |
| Remuneration and social security | 454/9 | €71,778 | €47,356 | -€24,422 | -34.0% |
| Other amounts payable | 47/48 | €778,078 | €839,000 | +€60,922 | +7.8% |
| Accrued charges and deferred income | 492/3 | €319,114 | €296,353 | -€22,761 | -7.1% |
| Turnover | 70 | €4,856,497 | - | -€4.9m | |
| Non-recurring operating income | 76A | - | €1,000,176 | +€1.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,994,423 | - | -€4.0m | |
| Remuneration, social security and pensions | 62 | €171,022 | €143,443 | -€27,579 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,522,462 | €1,526,556 | +€4,094 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €817 | €391,074 | +€390,257 | +47,767% |
| Other operating charges | 640/8 | €216,010 | €16,474 | -€199,536 | -92.4% |
| Gross operating margin | 9900 | €1,175,868 | €2,074,363 | +€898,495 | +76.4% |
| Operating profit (loss) | 9901 | -€734,443 | -€3,184 | +€731,259 | +99.6% |
| Financial income | 75/76B | €129,305 | €167,103 | +€37,798 | +29.2% |
| Recurring financial income | 75 | €129,305 | €167,103 | +€37,798 | +29.2% |
| Financial charges | 65/66B | €1,050,418 | €1,053,547 | +€3,129 | +0.3% |
| Recurring financial charges | 65 | €1,031,391 | €1,053,547 | +€22,156 | +2.1% |
| Non-recurring financial charges | 66B | €19,027 | - | -€19,027 | |
| Profit (loss) for the period before taxes | 9903 | -€1,655,556 | -€889,627 | +€765,929 | +46.3% |
| Income taxes | 67/77 | €98 | - | -€98 | |
| Profit (loss) for the period | 9904 | -€1,655,654 | -€889,627 | +€766,027 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,655,654 | -€889,627 | +€766,027 | +46.3% |
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 19 October 2026 via checked.be.