PIET KUSTERS: 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.
PIET KUSTERS
Largest movements
- Cash -€16,999
down €16,999 (-29.7%), from €57,243 to €40,244
mainly Other debts (-€24,723) and Investment in fixed assets (net) (-€4,048)
- Receivables within one year -€8,148
down €8,148 (-63.5%), from €12,828 to €4,680
- Tangible fixed assets -€4,001
down €4,001 (-36.9%), from €10,857 to €6,856
of which Furniture and vehicles: -€5,645
- Other debts -€24,723
down €24,723 (-68.0%), from €36,347 to €11,623
- Accrued charges and deferred income -€2,369
down €2,369 (-14.7%), from €16,110 to €13,741
- Profit (loss) carried forward -€1,464
new in 2024: -€1,464
- Tax, wage and social debts -€1,203
down €1,203 (-43.2%), from €2,786 to €1,583
- Gross operating margin -€5,467
down €5,467 (-42.2%), from €12,958 to €7,492
- Taxes -€1,047
no longer reported in 2024 (was €1,047)
- Depreciation +€608
up €608 (+8.2%), from €7,441 to €8,049
- Other operating charges +€146
up €146 (+20.7%), from €708 to €854
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 | €80,928 | €51,780 | -€29,148 | -36.0% |
| Fixed assets | 21/28 | €10,857 | €6,856 | -€4,001 | -36.9% |
| Tangible fixed assets | 22/27 | €10,857 | €6,856 | -€4,001 | -36.9% |
| Plant, machinery and equipment | 23 | €3,791 | €5,436 | +€1,644 | +43.4% |
| Furniture and vehicles | 24 | €7,066 | €1,421 | -€5,645 | -79.9% |
| Current assets | 29/58 | €70,071 | €44,924 | -€25,147 | -35.9% |
| Amounts receivable within one year | 40/41 | €12,828 | €4,680 | -€8,148 | -63.5% |
| Trade receivables | 40 | €12,828 | €4,680 | -€8,148 | -63.5% |
| Cash at bank and in hand | 54/58 | €57,243 | €40,244 | -€16,999 | -29.7% |
| Total equity and liabilities | 10/49 | €80,928 | €51,780 | -€29,148 | -36.0% |
| Equity | 10/15 | €25,517 | €24,053 | -€1,464 | -5.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,517 | €23,517 | = | 0.0% |
| Distributable reserves | 133 | €23,517 | €23,517 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,464 | -€1,464 | |
| Amounts payable | 17/49 | €55,411 | €27,727 | -€27,684 | -50.0% |
| Amounts payable within one year | 42/48 | €39,301 | €13,986 | -€25,315 | -64.4% |
| Trade debts | 44 | €168 | €779 | +€611 | +364.2% |
| Suppliers | 440/4 | €168 | €779 | +€611 | +364.2% |
| Taxes, remuneration and social security | 45 | €2,786 | €1,583 | -€1,203 | -43.2% |
| Taxes | 450/3 | €2,786 | €1,583 | -€1,203 | -43.2% |
| Other amounts payable | 47/48 | €36,347 | €11,623 | -€24,723 | -68.0% |
| Accrued charges and deferred income | 492/3 | €16,110 | €13,741 | -€2,369 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,441 | €8,049 | +€608 | +8.2% |
| Other operating charges | 640/8 | €708 | €854 | +€146 | +20.7% |
| Gross operating margin | 9900 | €12,958 | €7,492 | -€5,467 | -42.2% |
| Operating profit (loss) | 9901 | €4,810 | -€1,411 | -€6,221 | |
| Financial income | 75/76B | €151 | €23 | -€128 | -84.7% |
| Recurring financial income | 75 | €151 | €23 | -€128 | -84.7% |
| Financial charges | 65/66B | €35 | €76 | +€41 | +115.9% |
| Recurring financial charges | 65 | €35 | €76 | +€41 | +115.9% |
| Profit (loss) for the period before taxes | 9903 | €4,926 | -€1,464 | -€6,390 | |
| Income taxes | 67/77 | €1,047 | - | -€1,047 | |
| Profit (loss) for the period | 9904 | €3,878 | -€1,464 | -€5,343 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,878 | -€1,464 | -€5,343 |
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 10 October 2026 via checked.be.