ROD WELSON: 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.
What changed
ROD WELSON
NACE 96.210, Hairdressing and barber services
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€20,118
2023 · €69,390-€49,272
Equity
€792,335
2023 · €772,217+€20,118
Cash
€60,978
2023 · €2,420+€58,558
Balance sheet total
€2.8m
2023 · €2.9m-€31,560
Largest movements
Assets
- Tangible fixed assets -€63,834
down €63,834 (-2.3%), from €2.8m to €2.8m
of which Land and buildings: -€48,804
- Cash +€58,558
up €58,558 (+2,420%), from €2,420 to €60,978
mainly Depreciation (+€150,712) and Other debts (+€147,140)
- Receivables within one year -€34,880
down €34,880 (-93.1%), from €37,475 to €2,595
of which Trade receivables: -€25,243
Equity and liabilities
- Debts after one year -€172,348
down €172,348 (-10.6%), from €1.6m to €1.5m
- Other debts +€147,140
up €147,140 (+233%), from €63,073 to €210,212
Income statement
- Gross operating margin -€93,120
down €93,120 (-26.8%), from €348,090 to €254,971
- Other operating charges -€31,689
down €31,689 (-51.1%), from €62,000 to €30,311
- Taxes +€13,716
up €13,716 (+300%), from €4,565 to €18,281
- Financial charges -€6,928
down €6,928 (-14.4%), from €48,014 to €41,087
- Depreciation +€5,275
up €5,275 (+3.6%), from €145,437 to €150,712
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.
Result 2023
€69,390
Gross operating margin
-€93,120
Staff costs
+€268
Depreciation
-€5,275
Other operating charges
+€31,689
Financial income
-€3
Financial charges
+€6,928
Taxes
-€13,716
Deferred taxes and other
+€23,957
Result 2024
€20,118
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€326,710
Investment
-€86,878
Financing
-€181,274
Cash 2023
€2,420
From operations (derived)
+€326,710
Net result for the year
+€20,118
Depreciation
+€150,712
Receivables within one year
+€34,880
Deferred charges and accrued income
-€8,596
Provisions
-€5,537
Trade debts
-€17,573
Tax, wage and social debts
+€6,317
Advances received
+€2,167
Other debts
+€147,140
Accrued charges and deferred income
-€2,917
Investment (derived)
-€86,878
Investment in fixed assets (net)
-€86,878
Financing
-€181,274
Debts after one year
-€172,348
Current portion of long-term debt
-€8,648
Short-term financial debts
-€279
Cash 2024
€60,978
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,854,952 | €2,823,392 | -€31,560 | -1.1% |
| Fixed assets | 21/28 | €2,814,233 | €2,750,399 | -€63,834 | -2.3% |
| Tangible fixed assets | 22/27 | €2,814,053 | €2,750,219 | -€63,834 | -2.3% |
| Land and buildings | 22 | €2,794,472 | €2,745,668 | -€48,804 | -1.7% |
| Furniture and vehicles | 24 | €7,100 | €2,472 | -€4,628 | -65.2% |
| Other tangible fixed assets | 26 | €12,480 | €2,078 | -€10,402 | -83.3% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €40,719 | €72,994 | +€32,274 | +79.3% |
| Amounts receivable within one year | 40/41 | €37,475 | €2,595 | -€34,880 | -93.1% |
| Trade receivables | 40 | €27,838 | €2,595 | -€25,243 | -90.7% |
| Other amounts receivable | 41 | €9,637 | - | -€9,637 | |
| Cash at bank and in hand | 54/58 | €2,420 | €60,978 | +€58,558 | +2,420% |
| Deferred charges and accrued income | 490/1 | €824 | €9,420 | +€8,596 | +1,043% |
| Total equity and liabilities | 10/49 | €2,854,952 | €2,823,392 | -€31,560 | -1.1% |
| Equity | 10/15 | €772,217 | €792,335 | +€20,118 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €753,617 | €773,735 | +€20,118 | +2.7% |
| Tax-exempt reserves | 132 | €345,080 | €331,877 | -€13,202 | -3.8% |
| Distributable reserves | 133 | €408,537 | €441,857 | +€33,320 | +8.2% |
| Provisions and deferred taxes | 16 | €110,482 | €104,946 | -€5,537 | -5.0% |
| Deferred taxes | 168 | €110,482 | €104,946 | -€5,537 | -5.0% |
| Amounts payable | 17/49 | €1,972,252 | €1,926,112 | -€46,141 | -2.3% |
| Amounts payable after more than one year | 17 | €1,629,825 | €1,457,478 | -€172,348 | -10.6% |
| Financial debts | 170/4 | €1,629,825 | €1,457,478 | -€172,348 | -10.6% |
| Amounts payable within one year | 42/48 | €334,723 | €463,847 | +€129,124 | +38.6% |
| Current portion of amounts payable after more than one year | 42 | €180,996 | €172,348 | -€8,648 | -4.8% |
| Financial debts | 43 | €279 | - | -€279 | |
| Credit institutions | 430/8 | €279 | - | -€279 | |
| Trade debts | 44 | €64,198 | €46,625 | -€17,573 | -27.4% |
| Suppliers | 440/4 | €64,198 | €46,625 | -€17,573 | -27.4% |
| Advances received on contracts in progress | 46 | - | €2,167 | +€2,167 | |
| Taxes, remuneration and social security | 45 | €26,178 | €32,494 | +€6,317 | +24.1% |
| Taxes | 450/3 | €26,178 | €32,494 | +€6,317 | +24.1% |
| Other amounts payable | 47/48 | €63,073 | €210,212 | +€147,140 | +233% |
| Accrued charges and deferred income | 492/3 | €7,704 | €4,788 | -€2,917 | -37.9% |
| Remuneration, social security and pensions | 62 | €268 | - | -€268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,437 | €150,712 | +€5,275 | +3.6% |
| Other operating charges | 640/8 | €62,000 | €30,311 | -€31,689 | -51.1% |
| Gross operating margin | 9900 | €348,090 | €254,971 | -€93,120 | -26.8% |
| Operating profit (loss) | 9901 | €140,386 | €73,949 | -€66,437 | -47.3% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €48,014 | €41,087 | -€6,928 | -14.4% |
| Recurring financial charges | 65 | €48,014 | €41,087 | -€6,928 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €92,375 | €32,862 | -€59,513 | -64.4% |
| Transfer from deferred taxes | 780 | €4,631 | €5,537 | +€906 | +19.6% |
| Transfer to deferred taxes | 680 | €23,051 | - | -€23,051 | |
| Income taxes | 67/77 | €4,565 | €18,281 | +€13,716 | +300% |
| Profit (loss) for the period | 9904 | €69,390 | €20,118 | -€49,272 | -71.0% |
| Transfer from tax-exempt reserves | 789 | €10,485 | €13,202 | +€2,717 | +25.9% |
| Transfer to tax-exempt reserves | 689 | €69,154 | - | -€69,154 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,721 | €33,320 | +€22,599 | +211% |
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 21 October 2026 via checked.be.