VAN CUTSEM SANDRA: what changed
Two fiscal 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.
VAN CUTSEM SANDRA
Largest movements
- Receivables within one year -€16,006
no longer reported in 2024 (was €16,006)
of which Other amounts receivable: -€15,653
- Cash +€7,401
up €7,401 (+76.4%), from €9,683 to €17,084
mainly Net result for the year (+€21,715) and Receivables within one year (+€16,006)
- Deferred charges and accrued income +€2,691
up €2,691 (+12.5%), from €21,480 to €24,172
- Tangible fixed assets -€745
down €745 (-43.5%), from €1,714 to €969
- Current portion of long-term debt -€13,608
no longer reported in 2024 (was €13,608)
- Reserves +€4,715
up €4,715 (+17.0%), from €27,652 to €32,366
- Tax, wage and social debts +€1,855
up €1,855 (+32.1%), from €5,780 to €7,635
of which Taxes: +€1,855
- Other debts +€662
new in 2024: €662
- Depreciation -€13,560
down €13,560 (-94.8%), from €14,305 to €745
- Taxes +€2,880
up €2,880 (+78.8%), from €3,655 to €6,535
- Gross operating margin -€1,565
down €1,565 (-5.1%), from €30,691 to €29,125
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 | €48,884 | €42,225 | -€6,659 | -13.6% |
| Fixed assets | 21/28 | €1,714 | €969 | -€745 | -43.5% |
| Tangible fixed assets | 22/27 | €1,714 | €969 | -€745 | -43.5% |
| Plant, machinery and equipment | 23 | €1,714 | €969 | -€745 | -43.5% |
| Current assets | 29/58 | €47,170 | €41,255 | -€5,914 | -12.5% |
| Amounts receivable within one year | 40/41 | €16,006 | - | -€16,006 | |
| Trade receivables | 40 | €353 | - | -€353 | |
| Other amounts receivable | 41 | €15,653 | - | -€15,653 | |
| Cash at bank and in hand | 54/58 | €9,683 | €17,084 | +€7,401 | +76.4% |
| Deferred charges and accrued income | 490/1 | €21,480 | €24,172 | +€2,691 | +12.5% |
| Total equity and liabilities | 10/49 | €48,884 | €42,225 | -€6,659 | -13.6% |
| Equity | 10/15 | €27,652 | €32,366 | +€4,715 | +17.0% |
| Reserves | 13 | €27,652 | €32,366 | +€4,715 | +17.0% |
| Distributable reserves | 133 | €27,652 | €32,366 | +€4,715 | +17.0% |
| Amounts payable | 17/49 | €21,232 | €9,858 | -€11,374 | -53.6% |
| Amounts payable within one year | 42/48 | €21,232 | €9,858 | -€11,374 | -53.6% |
| Current portion of amounts payable after more than one year | 42 | €13,608 | - | -€13,608 | |
| Trade debts | 44 | €1,844 | €1,561 | -€283 | -15.3% |
| Suppliers | 440/4 | €1,844 | €1,561 | -€283 | -15.3% |
| Taxes, remuneration and social security | 45 | €5,780 | €7,635 | +€1,855 | +32.1% |
| Taxes | 450/3 | €3,780 | €5,635 | +€1,855 | +49.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €662 | +€662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,305 | €745 | -€13,560 | -94.8% |
| Other operating charges | 640/8 | €253 | €338 | +€85 | +33.6% |
| Gross operating margin | 9900 | €30,691 | €29,125 | -€1,565 | -5.1% |
| Operating profit (loss) | 9901 | €16,132 | €28,042 | +€11,910 | +73.8% |
| Financial income | 75/76B | €740 | €623 | -€118 | -15.9% |
| Recurring financial income | 75 | €740 | €623 | -€118 | -15.9% |
| Financial charges | 65/66B | €618 | €415 | -€202 | -32.7% |
| Recurring financial charges | 65 | €618 | €415 | -€202 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €16,255 | €28,249 | +€11,995 | +73.8% |
| Income taxes | 67/77 | €3,655 | €6,535 | +€2,880 | +78.8% |
| Profit (loss) for the period | 9904 | €12,600 | €21,715 | +€9,115 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,600 | €21,715 | +€9,115 | +72.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.