S.DUYCK: 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.
S.DUYCK
Largest movements
- Cash +€20,296
up €20,296 (+33.9%), from €59,948 to €80,244
mainly Net result for the year (+€36,756) and Depreciation (+€14,767)
- Receivables within one year +€14,172
up €14,172 (+10.6%), from €133,418 to €147,590
of which Other amounts receivable: +€14,677
- Tangible fixed assets -€13,593
down €13,593 (-7.1%), from €191,175 to €177,582
of which Other tangible fixed assets: -€14,282
- Reserves +€36,756
up €36,756 (+22.2%), from €165,599 to €202,355
of which Distributable reserves: +€36,756
- Debts after one year -€9,874
down €9,874 (-4.9%), from €203,415 to €193,541
- Tax, wage and social debts -€7,574
down €7,574 (-26.2%), from €28,955 to €21,381
of which Taxes: -€7,574
- Depreciation -€11,913
down €11,913 (-44.7%), from €26,680 to €14,767
- Gross operating margin -€6,108
down €6,108 (-7.2%), from €85,299 to €79,191
- Financial charges +€1,784
up €1,784 (+33.7%), from €5,300 to €7,084
- Taxes +€1,096
up €1,096 (+6.3%), from €17,348 to €18,444
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 | €424,155 | €445,030 | +€20,875 | +4.9% |
| Fixed assets | 21/28 | €191,175 | €177,582 | -€13,593 | -7.1% |
| Tangible fixed assets | 22/27 | €191,175 | €177,582 | -€13,593 | -7.1% |
| Furniture and vehicles | 24 | €1,263 | €1,952 | +€689 | +54.6% |
| Other tangible fixed assets | 26 | €189,912 | €175,630 | -€14,282 | -7.5% |
| Current assets | 29/58 | €232,980 | €267,448 | +€34,468 | +14.8% |
| Amounts receivable within one year | 40/41 | €133,418 | €147,590 | +€14,172 | +10.6% |
| Trade receivables | 40 | €12,100 | €11,595 | -€505 | -4.2% |
| Other amounts receivable | 41 | €121,318 | €135,995 | +€14,677 | +12.1% |
| Current investments | 50/53 | €39,614 | €39,614 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,948 | €80,244 | +€20,296 | +33.9% |
| Total equity and liabilities | 10/49 | €424,155 | €445,030 | +€20,875 | +4.9% |
| Equity | 10/15 | €180,965 | €217,721 | +€36,756 | +20.3% |
| Contributions | 10/11 | €6,700 | €6,700 | = | 0.0% |
| Reserves | 13 | €165,599 | €202,355 | +€36,756 | +22.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €163,599 | €200,355 | +€36,756 | +22.5% |
| Profit (loss) carried forward | 14 | €8,666 | €8,666 | = | 0.0% |
| Amounts payable | 17/49 | €243,190 | €227,309 | -€15,881 | -6.5% |
| Amounts payable after more than one year | 17 | €203,415 | €193,541 | -€9,874 | -4.9% |
| Financial debts | 170/4 | €203,415 | €193,541 | -€9,874 | -4.9% |
| Amounts payable within one year | 42/48 | €39,775 | €32,459 | -€7,316 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €9,583 | €9,874 | +€291 | +3.0% |
| Trade debts | 44 | €1,237 | €1,204 | -€33 | -2.7% |
| Suppliers | 440/4 | €1,237 | €1,204 | -€33 | -2.7% |
| Taxes, remuneration and social security | 45 | €28,955 | €21,381 | -€7,574 | -26.2% |
| Taxes | 450/3 | €26,805 | €19,231 | -€7,574 | -28.3% |
| Remuneration and social security | 454/9 | €2,150 | €2,150 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,309 | +€1,309 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,680 | €14,767 | -€11,913 | -44.7% |
| Other operating charges | 640/8 | €1,971 | €2,402 | +€431 | +21.9% |
| Gross operating margin | 9900 | €85,299 | €79,191 | -€6,108 | -7.2% |
| Operating profit (loss) | 9901 | €56,648 | €62,022 | +€5,374 | +9.5% |
| Financial income | 75/76B | €10 | €262 | +€252 | +2,520% |
| Recurring financial income | 75 | €10 | €262 | +€252 | +2,520% |
| Financial charges | 65/66B | €5,300 | €7,084 | +€1,784 | +33.7% |
| Recurring financial charges | 65 | €5,300 | €7,084 | +€1,784 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €51,358 | €55,200 | +€3,842 | +7.5% |
| Income taxes | 67/77 | €17,348 | €18,444 | +€1,096 | +6.3% |
| Profit (loss) for the period | 9904 | €34,010 | €36,756 | +€2,746 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,010 | €36,756 | +€2,746 | +8.1% |
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 31 October 2026 via checked.be.