Olivier Devriese: 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.
Olivier Devriese
Largest movements
- Cash -€22,992
down €22,992 (-89.5%), from €25,700 to €2,708
mainly Other debts (-€15,000) and Receivables within one year (-€8,470)
- Receivables within one year +€8,470
new in 2024: €8,470
- Other debts -€15,000
down €15,000 (-5.0%), from €300,000 to €285,000
- Profit (loss) carried forward +€14,503
up €14,503 (+138.3%), from €10,488 to €24,991
- Debts after one year -€7,016
down €7,016 (-21.0%), from €33,417 to €26,401
- Tax, wage and social debts -€6,947
down €6,947 (-36.3%), from €19,161 to €12,214
of which Remuneration and social security: -€7,960
- Gross operating margin -€3,140
down €3,140 (-11.5%), from €27,415 to €24,276
- Depreciation -€2,547
down €2,547 (-80.2%), from €3,178 to €630
- Other operating charges -€1,808
down €1,808 (-74.4%), from €2,429 to €621
- Financial charges -€1,480
down €1,480 (-34.0%), from €4,360 to €2,880
- Taxes +€942
up €942 (+20.0%), from €4,699 to €5,641
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 | €376,996 | €361,837 | -€15,159 | -4.0% |
| Formation expenses | 20 | €630 | €0 | -€630 | -100.0% |
| Fixed assets | 21/28 | €350,000 | €350,000 | = | 0.0% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €26,366 | €11,837 | -€14,528 | -55.1% |
| Amounts receivable within one year | 40/41 | - | €8,470 | +€8,470 | |
| Trade receivables | 40 | - | €8,470 | +€8,470 | |
| Cash at bank and in hand | 54/58 | €25,700 | €2,708 | -€22,992 | -89.5% |
| Deferred charges and accrued income | 490/1 | €666 | €659 | -€7 | -1.0% |
| Total equity and liabilities | 10/49 | €376,996 | €361,837 | -€15,159 | -4.0% |
| Equity | 10/15 | €15,488 | €29,991 | +€14,503 | +93.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,488 | €24,991 | +€14,503 | +138.3% |
| Amounts payable | 17/49 | €361,508 | €331,846 | -€29,662 | -8.2% |
| Amounts payable after more than one year | 17 | €33,417 | €26,401 | -€7,016 | -21.0% |
| Financial debts | 170/4 | €33,417 | €26,401 | -€7,016 | -21.0% |
| Amounts payable within one year | 42/48 | €328,091 | €305,445 | -€22,646 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €6,792 | €7,016 | +€224 | +3.3% |
| Trade debts | 44 | €2,139 | €1,215 | -€923 | -43.2% |
| Suppliers | 440/4 | €2,139 | €1,215 | -€923 | -43.2% |
| Taxes, remuneration and social security | 45 | €19,161 | €12,214 | -€6,947 | -36.3% |
| Taxes | 450/3 | €11,201 | €12,214 | +€1,013 | +9.0% |
| Remuneration and social security | 454/9 | €7,960 | €0 | -€7,960 | -100.0% |
| Other amounts payable | 47/48 | €300,000 | €285,000 | -€15,000 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,178 | €630 | -€2,547 | -80.2% |
| Other operating charges | 640/8 | €2,429 | €621 | -€1,808 | -74.4% |
| Non-recurring operating charges | 66A | €2,262 | €0 | -€2,262 | -100.0% |
| Gross operating margin | 9900 | €27,415 | €24,276 | -€3,140 | -11.5% |
| Operating profit (loss) | 9901 | €19,547 | €23,024 | +€3,477 | +17.8% |
| Financial charges | 65/66B | €4,360 | €2,880 | -€1,480 | -34.0% |
| Recurring financial charges | 65 | €4,360 | €2,880 | -€1,480 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €15,187 | €20,145 | +€4,957 | +32.6% |
| Income taxes | 67/77 | €4,699 | €5,641 | +€942 | +20.0% |
| Profit (loss) for the period | 9904 | €10,488 | €14,503 | +€4,016 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,488 | €14,503 | +€4,016 | +38.3% |
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 30 September 2026 via checked.be.