Michel Dal: 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.
Michel Dal
Largest movements
- Receivables within one year +€63,336
up €63,336 (+22.0%), from €287,988 to €351,325
- Tangible fixed assets +€27,729
new in 2024: €27,729
- Cash +€24,477
up €24,477 (+46.7%), from €52,442 to €76,919
mainly Net result for the year (+€106,439) and Tax, wage and social debts (+€10,450)
- Reserves +€106,439
up €106,439 (+17.2%), from €619,161 to €725,600
of which Distributable reserves: +€106,439
- Tax, wage and social debts +€10,450
up €10,450 (+11.7%), from €89,001 to €99,452
- Depreciation -€7,154
down €7,154 (-93.8%), from €7,624 to €470
- Financial income -€7,010
down €7,010 (-50.0%), from €14,030 to €7,020
- Gross operating margin -€6,837
down €6,837 (-4.1%), from €165,112 to €158,275
- Other operating charges -€2,357
down €2,357 (-65.5%), from €3,597 to €1,240
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 | €729,671 | €847,013 | +€117,342 | +16.1% |
| Fixed assets | 21/28 | - | €27,729 | +€27,729 | |
| Tangible fixed assets | 22/27 | - | €27,729 | +€27,729 | |
| Furniture and vehicles | 24 | - | €27,729 | +€27,729 | |
| Current assets | 29/58 | €729,671 | €819,284 | +€89,613 | +12.3% |
| Amounts receivable within one year | 40/41 | €287,988 | €351,325 | +€63,336 | +22.0% |
| Other amounts receivable | 41 | €287,988 | €351,325 | +€63,336 | +22.0% |
| Current investments | 50/53 | €384,021 | €384,021 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,442 | €76,919 | +€24,477 | +46.7% |
| Deferred charges and accrued income | 490/1 | €5,220 | €7,020 | +€1,800 | +34.5% |
| Total equity and liabilities | 10/49 | €729,671 | €847,013 | +€117,342 | +16.1% |
| Equity | 10/15 | €639,161 | €745,600 | +€106,439 | +16.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €619,161 | €725,600 | +€106,439 | +17.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €617,161 | €723,600 | +€106,439 | +17.2% |
| Amounts payable | 17/49 | €90,510 | €101,413 | +€10,903 | +12.0% |
| Amounts payable within one year | 42/48 | €90,510 | €101,413 | +€10,903 | +12.0% |
| Trade debts | 44 | €1,509 | €1,961 | +€453 | +30.0% |
| Suppliers | 440/4 | €1,509 | €1,961 | +€453 | +30.0% |
| Taxes, remuneration and social security | 45 | €89,001 | €99,452 | +€10,450 | +11.7% |
| Taxes | 450/3 | €89,001 | €99,452 | +€10,450 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,624 | €470 | -€7,154 | -93.8% |
| Other operating charges | 640/8 | €3,597 | €1,240 | -€2,357 | -65.5% |
| Gross operating margin | 9900 | €165,112 | €158,275 | -€6,837 | -4.1% |
| Operating profit (loss) | 9901 | €153,892 | €156,565 | +€2,673 | +1.7% |
| Financial income | 75/76B | €14,030 | €7,020 | -€7,010 | -50.0% |
| Recurring financial income | 75 | €14,030 | €7,020 | -€7,010 | -50.0% |
| Financial charges | 65/66B | €2,422 | €822 | -€1,600 | -66.1% |
| Recurring financial charges | 65 | €2,422 | €822 | -€1,600 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €165,499 | €162,763 | -€2,736 | -1.7% |
| Income taxes | 67/77 | €57,770 | €56,324 | -€1,446 | -2.5% |
| Profit (loss) for the period | 9904 | €107,729 | €106,439 | -€1,290 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €107,729 | €106,439 | -€1,290 | -1.2% |
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 7 October 2026 via checked.be.