REMELS Patrick: 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.
REMELS Patrick
Largest movements
- Tangible fixed assets +€49,826
up €49,826 (+104%), from €47,999 to €97,824
of which Plant, machinery and equipment: +€38,753
- Receivables within one year -€48,689
down €48,689 (-77.0%), from €63,224 to €14,535
of which Trade receivables: -€48,833
- Deferred charges and accrued income +€47,180
up €47,180 (+147%), from €32,099 to €79,279
- Cash +€23,618
new in 2024: €23,618
mainly Receivables within one year (+€48,689) and Net result for the year (+€34,453)
- Stocks and contracts +€15,000
new in 2024: €15,000
- Profit (loss) carried forward +€34,453
up €34,453 (+55.0%), from -€62,654 to -€28,202
- Tax, wage and social debts +€19,333
new in 2024: €19,333
- Trade debts +€12,918
new in 2024: €12,918
- Other debts +€5,251
up €5,251 (+2.7%), from €190,956 to €196,207
- Gross operating margin +€95,175
up €95,175, from -€42,231 to €52,944
- Staff costs +€17,985
new in 2024: €17,985
- Depreciation -€4,231
no longer reported in 2024 (was €4,231)
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 | €158,302 | €230,257 | +€71,955 | +45.5% |
| Fixed assets | 21/28 | €47,999 | €97,824 | +€49,826 | +104% |
| Tangible fixed assets | 22/27 | €47,999 | €97,824 | +€49,826 | +104% |
| Land and buildings | 22 | €0 | €0 | = | 0.0% |
| Plant, machinery and equipment | 23 | €26,281 | €65,034 | +€38,753 | +147% |
| Furniture and vehicles | 24 | €21,718 | €32,791 | +€11,073 | +51.0% |
| Current assets | 29/58 | €110,303 | €132,432 | +€22,129 | +20.1% |
| Stocks and contracts in progress | 3 | - | €15,000 | +€15,000 | |
| Stocks | 30/36 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €63,224 | €14,535 | -€48,689 | -77.0% |
| Trade receivables | 40 | €48,833 | - | -€48,833 | |
| Other amounts receivable | 41 | €14,391 | €14,535 | +€144 | +1.0% |
| Current investments | 50/53 | €14,980 | - | -€14,980 | |
| Cash at bank and in hand | 54/58 | - | €23,618 | +€23,618 | |
| Deferred charges and accrued income | 490/1 | €32,099 | €79,279 | +€47,180 | +147% |
| Total equity and liabilities | 10/49 | €158,302 | €230,257 | +€71,955 | +45.5% |
| Equity | 10/15 | -€32,654 | €1,798 | +€34,453 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,654 | -€28,202 | +€34,453 | +55.0% |
| Amounts payable | 17/49 | €190,956 | €228,458 | +€37,503 | +19.6% |
| Amounts payable within one year | 42/48 | €190,956 | €228,458 | +€37,503 | +19.6% |
| Trade debts | 44 | - | €12,918 | +€12,918 | |
| Suppliers | 440/4 | - | €12,918 | +€12,918 | |
| Taxes, remuneration and social security | 45 | - | €19,333 | +€19,333 | |
| Taxes | 450/3 | - | €19,333 | +€19,333 | |
| Other amounts payable | 47/48 | €190,956 | €196,207 | +€5,251 | +2.7% |
| Remuneration, social security and pensions | 62 | - | €17,985 | +€17,985 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,231 | - | -€4,231 | |
| Other operating charges | 640/8 | €62 | - | -€62 | |
| Gross operating margin | 9900 | -€42,231 | €52,944 | +€95,175 | |
| Operating profit (loss) | 9901 | -€46,525 | €34,959 | +€81,484 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €795 | €507 | -€288 | -36.2% |
| Recurring financial charges | 65 | €795 | €507 | -€288 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | -€47,319 | €34,453 | +€81,772 | |
| Profit (loss) for the period | 9904 | -€47,319 | €34,453 | +€81,772 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,319 | €34,453 | +€81,772 |
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 13 October 2026 via checked.be.