PATRICK DEHERTOGH: 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.
PATRICK DEHERTOGH
Largest movements
- Receivables within one year +€24,870
up €24,870 (+13.9%), from €178,592 to €203,462
of which Other amounts receivable: +€32,250
- Cash +€2,736
up €2,736 (+13952.3%), from €20 to €2,756
mainly Trade debts (+€11,234) and Net result for the year (+€9,912)
- Trade debts +€11,234
up €11,234 (+12.6%), from €89,085 to €100,319
- Profit (loss) carried forward +€9,912
up €9,912 (+56.6%), from €17,501 to €27,413
- Tax, wage and social debts +€7,848
up €7,848 (+149.2%), from €5,261 to €13,109
- Short-term financial debts -€2,227
down €2,227 (-96.6%), from €2,304 to €77
- Gross operating margin +€9,867
up €9,867 (+121.0%), from €8,156 to €18,023
- Taxes +€6,848
up €6,848 (+210.0%), from €3,261 to €10,108
- Financial income +€2,309
up €2,309 (+50.0%), from €4,613 to €6,922
- Other operating charges +€1,692
up €1,692 (+285.3%), from €593 to €2,286
- Financial charges +€390
up €390 (+18.2%), from €2,135 to €2,524
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 | €179,716 | €206,914 | +€27,198 | +15.1% |
| Fixed assets | 21/28 | €342 | €228 | -€114 | -33.3% |
| Tangible fixed assets | 22/27 | €342 | €228 | -€114 | -33.3% |
| Plant, machinery and equipment | 23 | €342 | €228 | -€114 | -33.3% |
| Current assets | 29/58 | €179,373 | €206,685 | +€27,312 | +15.2% |
| Amounts receivable within one year | 40/41 | €178,592 | €203,462 | +€24,870 | +13.9% |
| Trade receivables | 40 | €66,120 | €58,740 | -€7,380 | -11.2% |
| Other amounts receivable | 41 | €112,472 | €144,722 | +€32,250 | +28.7% |
| Cash at bank and in hand | 54/58 | €20 | €2,756 | +€2,736 | +13952.3% |
| Deferred charges and accrued income | 490/1 | €761 | €468 | -€294 | -38.6% |
| Total equity and liabilities | 10/49 | €179,716 | €206,914 | +€27,198 | +15.1% |
| Equity | 10/15 | €40,069 | €49,981 | +€9,912 | +24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,968 | €3,968 | = | 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 | €2,108 | €2,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,501 | €27,413 | +€9,912 | +56.6% |
| Amounts payable | 17/49 | €139,647 | €156,932 | +€17,286 | +12.4% |
| Amounts payable within one year | 42/48 | €139,647 | €156,932 | +€17,286 | +12.4% |
| Financial debts | 43 | €2,304 | €77 | -€2,227 | -96.6% |
| Credit institutions | 430/8 | €2,304 | €77 | -€2,227 | -96.6% |
| Trade debts | 44 | €89,085 | €100,319 | +€11,234 | +12.6% |
| Suppliers | 440/4 | €89,085 | €100,319 | +€11,234 | +12.6% |
| Taxes, remuneration and social security | 45 | €5,261 | €13,109 | +€7,848 | +149.2% |
| Taxes | 450/3 | €5,261 | €13,109 | +€7,848 | +149.2% |
| Other amounts payable | 47/48 | €42,997 | €43,427 | +€430 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363 | €114 | -€249 | -68.6% |
| Other operating charges | 640/8 | €593 | €2,286 | +€1,692 | +285.3% |
| Gross operating margin | 9900 | €8,156 | €18,023 | +€9,867 | +121.0% |
| Operating profit (loss) | 9901 | €7,199 | €15,623 | +€8,424 | +117.0% |
| Financial income | 75/76B | €4,613 | €6,922 | +€2,309 | +50.0% |
| Recurring financial income | 75 | €4,613 | €6,922 | +€2,309 | +50.0% |
| Financial charges | 65/66B | €2,135 | €2,524 | +€390 | +18.2% |
| Recurring financial charges | 65 | €2,135 | €2,524 | +€390 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €9,678 | €20,021 | +€10,343 | +106.9% |
| Income taxes | 67/77 | €3,261 | €10,108 | +€6,848 | +210.0% |
| Profit (loss) for the period | 9904 | €6,417 | €9,912 | +€3,495 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,417 | €9,912 | +€3,495 | +54.5% |
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 8 October 2026 via checked.be.