PHILIPPE DESSOY: 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.
PHILIPPE DESSOY
Largest movements
- Tangible fixed assets +€281,287
up €281,287 (+20.5%), from €1.4m to €1.7m
of which Land and buildings: +€254,287
- Other debts +€445,500
up €445,500 (+82.5%), from €540,248 to €985,748
- Profit (loss) carried forward -€150,965
down €150,965 (-68.3%), from -€221,147 to -€372,111
- Debts after one year -€26,979
down €26,979 (-7.6%), from €355,994 to €329,015
- Gross operating margin -€97,490
down €97,490, from €32,717 to -€64,773
- Other operating charges +€15,067
up €15,067 (+223%), from €6,745 to €21,812
- Financial charges +€12,137
up €12,137 (+195%), from €6,227 to €18,364
- Depreciation +€6,765
up €6,765 (+17.2%), from €39,249 to €46,015
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 | €1,714,210 | €1,992,259 | +€278,049 | +16.2% |
| Fixed assets | 21/28 | €1,586,403 | €1,867,689 | +€281,287 | +17.7% |
| Tangible fixed assets | 22/27 | €1,370,074 | €1,651,361 | +€281,287 | +20.5% |
| Land and buildings | 22 | €1,370,074 | €1,624,361 | +€254,287 | +18.6% |
| Furniture and vehicles | 24 | - | €27,000 | +€27,000 | |
| Financial fixed assets | 28 | €216,329 | €216,329 | = | 0.0% |
| Current assets | 29/58 | €127,807 | €124,570 | -€3,237 | -2.5% |
| Amounts receivable within one year | 40/41 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 41 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,179 | €7,598 | +€2,420 | +46.7% |
| Deferred charges and accrued income | 490/1 | €22,628 | €16,971 | -€5,657 | -25.0% |
| Total equity and liabilities | 10/49 | €1,714,210 | €1,992,259 | +€278,049 | +16.2% |
| Equity | 10/15 | €778,853 | €627,889 | -€150,965 | -19.4% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other | 1109/19 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€221,147 | -€372,111 | -€150,965 | -68.3% |
| Amounts payable | 17/49 | €935,357 | €1,364,371 | +€429,014 | +45.9% |
| Amounts payable after more than one year | 17 | €355,994 | €329,015 | -€26,979 | -7.6% |
| Financial debts | 170/4 | €355,994 | €329,015 | -€26,979 | -7.6% |
| Amounts payable within one year | 42/48 | €579,362 | €1,035,355 | +€455,993 | +78.7% |
| Current portion of amounts payable after more than one year | 42 | €39,115 | €39,690 | +€576 | +1.5% |
| Trade debts | 44 | - | €9,917 | +€9,917 | |
| Suppliers | 440/4 | - | €9,917 | +€9,917 | |
| Other amounts payable | 47/48 | €540,248 | €985,748 | +€445,500 | +82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,249 | €46,015 | +€6,765 | +17.2% |
| Other operating charges | 640/8 | €6,745 | €21,812 | +€15,067 | +223% |
| Gross operating margin | 9900 | €32,717 | -€64,773 | -€97,490 | |
| Operating profit (loss) | 9901 | -€13,277 | -€132,600 | -€119,323 | -899% |
| Financial charges | 65/66B | €6,227 | €18,364 | +€12,137 | +195% |
| Recurring financial charges | 65 | €6,227 | €18,364 | +€12,137 | +195% |
| Profit (loss) for the period before taxes | 9903 | -€19,505 | -€150,965 | -€131,460 | -674% |
| Profit (loss) for the period | 9904 | -€19,505 | -€150,965 | -€131,460 | -674% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,505 | -€150,965 | -€131,460 | -674% |
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 16 October 2026 via checked.be.