WHENHAM KOELMAN: 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.
WHENHAM KOELMAN
Largest movements
- Intangible fixed assets -€32,500
down €32,500 (-30.8%), from €105,625 to €73,125
- Receivables within one year +€25,583
up €25,583 (+204%), from €12,560 to €38,143
of which Other amounts receivable: +€18,534
- Cash -€24,084
down €24,084 (-14.1%), from €170,253 to €146,170
mainly Debts after one year (-€34,277) and Receivables within one year (-€25,583)
- Debts after one year -€34,277
down €34,277 (-26.5%), from €129,418 to €95,141
- Other debts -€10,319
no longer reported in 2024 (was €10,319)
- Tax, wage and social debts +€8,993
new in 2024: €8,993
- Reserves +€7,752
up €7,752 (+5.2%), from €148,035 to €155,787
- Gross operating margin +€36,150
up €36,150 (+71.2%), from €50,790 to €86,940
- Taxes +€10,520
up €10,520 (+303%), from €3,473 to €13,993
- Depreciation +€994
up €994 (+2.8%), from €34,876 to €35,870
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 | €329,002 | €300,398 | -€28,604 | -8.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €126,693 | €97,160 | -€29,533 | -23.3% |
| Intangible fixed assets | 21 | €105,625 | €73,125 | -€32,500 | -30.8% |
| Tangible fixed assets | 22/27 | €20,985 | €23,952 | +€2,967 | +14.1% |
| Plant, machinery and equipment | 23 | €4,504 | €3,817 | -€687 | -15.3% |
| Furniture and vehicles | 24 | €1,201 | €488 | -€713 | -59.4% |
| Other tangible fixed assets | 26 | €15,279 | €19,647 | +€4,367 | +28.6% |
| Financial fixed assets | 28 | €83 | €83 | = | 0.0% |
| Current assets | 29/58 | €202,309 | €203,238 | +€929 | +0.5% |
| Amounts receivable within one year | 40/41 | €12,560 | €38,143 | +€25,583 | +204% |
| Trade receivables | 40 | €33 | €7,082 | +€7,049 | +21,366% |
| Other amounts receivable | 41 | €12,527 | €31,062 | +€18,534 | +148% |
| Cash at bank and in hand | 54/58 | €170,253 | €146,170 | -€24,084 | -14.1% |
| Deferred charges and accrued income | 490/1 | €19,496 | €18,925 | -€570 | -2.9% |
| Total equity and liabilities | 10/49 | €329,002 | €300,398 | -€28,604 | -8.7% |
| Equity | 10/15 | €154,235 | €161,987 | +€7,752 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €148,035 | €155,787 | +€7,752 | +5.2% |
| Distributable reserves | 133 | €148,035 | €155,787 | +€7,752 | +5.2% |
| Amounts payable | 17/49 | €174,767 | €138,411 | -€36,356 | -20.8% |
| Amounts payable after more than one year | 17 | €129,418 | €95,141 | -€34,277 | -26.5% |
| Financial debts | 170/4 | €129,418 | €95,141 | -€34,277 | -26.5% |
| Amounts payable within one year | 42/48 | €45,349 | €43,270 | -€2,079 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €33,539 | €34,277 | +€738 | +2.2% |
| Trade debts | 44 | €1,491 | - | -€1,491 | |
| Suppliers | 440/4 | €1,491 | - | -€1,491 | |
| Taxes, remuneration and social security | 45 | - | €8,993 | +€8,993 | |
| Taxes | 450/3 | - | €8,993 | +€8,993 | |
| Other amounts payable | 47/48 | €10,319 | - | -€10,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,876 | €35,870 | +€994 | +2.8% |
| Other operating charges | 640/8 | €1,792 | €1,089 | -€703 | -39.2% |
| Gross operating margin | 9900 | €50,790 | €86,940 | +€36,150 | +71.2% |
| Operating profit (loss) | 9901 | €14,122 | €49,981 | +€35,859 | +254% |
| Financial income | 75/76B | €12 | €51 | +€39 | +325% |
| Recurring financial income | 75 | €12 | €51 | +€39 | +325% |
| Financial charges | 65/66B | €4,121 | €3,354 | -€768 | -18.6% |
| Recurring financial charges | 65 | €4,121 | €3,354 | -€768 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €10,012 | €46,678 | +€36,666 | +366% |
| Income taxes | 67/77 | €3,473 | €13,993 | +€10,520 | +303% |
| Profit (loss) for the period | 9904 | €6,540 | €32,685 | +€26,146 | +400% |
| Profit (loss) for the period to be appropriated | 9905 | €6,540 | €32,685 | +€26,146 | +400% |
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.