TEGELS MATHIEU DEVRIESE: 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.
TEGELS MATHIEU DEVRIESE
Largest movements
- Receivables within one year -€18,861
down €18,861 (-62.2%), from €30,326 to €11,465
of which Trade receivables: -€28,429
- Receivables after one year -€15,000
down €15,000 (-12.0%), from €125,000 to €110,000
- Cash -€11,391
down €11,391 (-54.5%), from €20,906 to €9,514
mainly Trade debts (-€26,544) and Investment in fixed assets (net) (-€26,418)
- Tangible fixed assets -€8,589
down €8,589 (-1.9%), from €442,380 to €433,790
of which Leasing and similar rights: -€6,766
- Trade debts -€26,544
down €26,544 (-42.1%), from €63,099 to €36,554
- Advances received +€21,532
new in 2024: €21,532
- Profit (loss) carried forward -€18,058
down €18,058 (-70.1%), from €25,775 to €7,717
- Debts after one year -€14,311
down €14,311 (-5.6%), from €254,792 to €240,481
- Accrued charges and deferred income -€8,055
down €8,055 (-95.7%), from €8,415 to €360
- Gross operating margin -€43,158
down €43,158 (-60.4%), from €71,422 to €28,263
- Taxes -€6,477
down €6,477 (-96.4%), from €6,719 to €243
- Financial charges +€4,113
up €4,113 (+26.0%), from €15,817 to €19,930
- Financial income +€2,258
up €2,258 (+59.1%), from €3,823 to €6,081
- Other operating charges +€1,134
up €1,134 (+40.3%), from €2,814 to €3,948
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 | €628,642 | €570,769 | -€57,872 | -9.2% |
| Fixed assets | 21/28 | €442,380 | €433,790 | -€8,589 | -1.9% |
| Tangible fixed assets | 22/27 | €442,380 | €433,790 | -€8,589 | -1.9% |
| Land and buildings | 22 | €410,841 | €417,543 | +€6,701 | +1.6% |
| Plant, machinery and equipment | 23 | €19,196 | €13,973 | -€5,224 | -27.2% |
| Furniture and vehicles | 24 | €5,577 | €2,275 | -€3,301 | -59.2% |
| Leasing and similar rights | 25 | €6,766 | - | -€6,766 | |
| Current assets | 29/58 | €186,262 | €136,979 | -€49,283 | -26.5% |
| Amounts receivable after more than one year | 29 | €125,000 | €110,000 | -€15,000 | -12.0% |
| Other amounts receivable | 291 | €125,000 | €110,000 | -€15,000 | -12.0% |
| Stocks and contracts in progress | 3 | €6,181 | €2,500 | -€3,681 | -59.6% |
| Stocks | 30/36 | €1,681 | €2,500 | +€819 | +48.8% |
| Contracts in progress | 37 | €4,500 | - | -€4,500 | |
| Amounts receivable within one year | 40/41 | €30,326 | €11,465 | -€18,861 | -62.2% |
| Trade receivables | 40 | €29,124 | €695 | -€28,429 | -97.6% |
| Other amounts receivable | 41 | €1,202 | €10,770 | +€9,568 | +796% |
| Cash at bank and in hand | 54/58 | €20,906 | €9,514 | -€11,391 | -54.5% |
| Deferred charges and accrued income | 490/1 | €3,850 | €3,500 | -€350 | -9.1% |
| Total equity and liabilities | 10/49 | €628,642 | €570,769 | -€57,872 | -9.2% |
| Equity | 10/15 | €198,042 | €174,604 | -€23,438 | -11.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €159,867 | €154,487 | -€5,379 | -3.4% |
| Tax-exempt reserves | 132 | €139,867 | €134,487 | -€5,379 | -3.8% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,775 | €7,717 | -€18,058 | -70.1% |
| Provisions and deferred taxes | 16 | €34,967 | €33,622 | -€1,345 | -3.8% |
| Deferred taxes | 168 | €34,967 | €33,622 | -€1,345 | -3.8% |
| Amounts payable | 17/49 | €395,633 | €362,543 | -€33,090 | -8.4% |
| Amounts payable after more than one year | 17 | €254,792 | €240,481 | -€14,311 | -5.6% |
| Financial debts | 170/4 | €254,792 | €240,481 | -€14,311 | -5.6% |
| Amounts payable within one year | 42/48 | €132,426 | €121,702 | -€10,724 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €16,867 | €14,311 | -€2,556 | -15.2% |
| Financial debts | 43 | €30,001 | €23,480 | -€6,521 | -21.7% |
| Credit institutions | 430/8 | €30,001 | €23,480 | -€6,521 | -21.7% |
| Trade debts | 44 | €63,099 | €36,554 | -€26,544 | -42.1% |
| Suppliers | 440/4 | €63,099 | €36,554 | -€26,544 | -42.1% |
| Advances received on contracts in progress | 46 | - | €21,532 | +€21,532 | |
| Taxes, remuneration and social security | 45 | €20,894 | €24,397 | +€3,503 | +16.8% |
| Taxes | 450/3 | €20,894 | €24,397 | +€3,503 | +16.8% |
| Other amounts payable | 47/48 | €1,566 | €1,428 | -€138 | -8.8% |
| Accrued charges and deferred income | 492/3 | €8,415 | €360 | -€8,055 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,917 | €35,007 | +€90 | +0.3% |
| Other operating charges | 640/8 | €2,814 | €3,948 | +€1,134 | +40.3% |
| Gross operating margin | 9900 | €71,422 | €28,263 | -€43,158 | -60.4% |
| Operating profit (loss) | 9901 | €33,691 | -€10,691 | -€44,383 | |
| Financial income | 75/76B | €3,823 | €6,081 | +€2,258 | +59.1% |
| Recurring financial income | 75 | €3,823 | €6,081 | +€2,258 | +59.1% |
| Financial charges | 65/66B | €15,817 | €19,930 | +€4,113 | +26.0% |
| Recurring financial charges | 65 | €15,817 | €19,930 | +€4,113 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €21,697 | -€24,540 | -€46,237 | |
| Transfer from deferred taxes | 780 | €1,345 | €1,345 | = | 0.0% |
| Income taxes | 67/77 | €6,719 | €243 | -€6,477 | -96.4% |
| Profit (loss) for the period | 9904 | €16,323 | -€23,438 | -€39,760 | |
| Transfer from tax-exempt reserves | 789 | €5,379 | €5,379 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,702 | -€18,058 | -€39,760 |
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 17 October 2026 via checked.be.