BART LAVAERT: 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.
BART LAVAERT
Largest movements
- Receivables within one year -€8,899
down €8,899 (-38.0%), from €23,403 to €14,504
of which Other amounts receivable: -€18,443
- Deferred charges and accrued income -€2,897
down €2,897 (-45.5%), from €6,371 to €3,474
- Profit (loss) carried forward -€115,717
down €115,717 (-225.1%), from -€51,418 to -€167,135
- Other debts +€80,013
new in 2024: €80,013
- Debts after one year +€8,711
up €8,711 (+27.9%), from €31,232 to €39,943
- Trade debts +€8,255
up €8,255 (+7.2%), from €113,898 to €122,153
- Tax, wage and social debts +€8,069
up €8,069 (+53.0%), from €15,218 to €23,287
of which Taxes: +€7,774
- Gross operating margin -€30,506
down €30,506 (-17.4%), from €175,744 to €145,238
- Staff costs +€24,421
up €24,421 (+12.9%), from €189,970 to €214,390
- Financial charges +€8,228
up €8,228 (+85.2%), from €9,660 to €17,889
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €244,338 | €234,299 | -€10,038 | -4.1% |
| Fixed assets | 21/28 | €104,844 | €105,285 | +€441 | +0.4% |
| Tangible fixed assets | 22/27 | €99,444 | €99,885 | +€441 | +0.4% |
| Land and buildings | 22 | €80,522 | €87,565 | +€7,043 | +8.7% |
| Plant, machinery and equipment | 23 | €3,679 | €3,851 | +€172 | +4.7% |
| Furniture and vehicles | 24 | €15,243 | €8,469 | -€6,774 | -44.4% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €139,493 | €129,015 | -€10,479 | -7.5% |
| Stocks and contracts in progress | 3 | €109,719 | €111,037 | +€1,318 | +1.2% |
| Stocks | 30/36 | €41,719 | €38,037 | -€3,682 | -8.8% |
| Contracts in progress | 37 | €68,000 | €73,000 | +€5,000 | +7.4% |
| Amounts receivable within one year | 40/41 | €23,403 | €14,504 | -€8,899 | -38.0% |
| Trade receivables | 40 | €1,651 | €11,195 | +€9,544 | +578.1% |
| Other amounts receivable | 41 | €21,752 | €3,309 | -€18,443 | -84.8% |
| Deferred charges and accrued income | 490/1 | €6,371 | €3,474 | -€2,897 | -45.5% |
| Total equity and liabilities | 10/49 | €244,338 | €234,299 | -€10,038 | -4.1% |
| Equity | 10/15 | €51,667 | -€64,050 | -€115,717 | |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €28,085 | €28,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | - | -€7,500 | |
| Reserves not available under the articles | 1311 | €7,500 | - | -€7,500 | |
| Distributable reserves | 133 | €20,585 | €28,085 | +€7,500 | +36.4% |
| Profit (loss) carried forward | 14 | -€51,418 | -€167,135 | -€115,717 | -225.1% |
| Amounts payable | 17/49 | €192,671 | €298,350 | +€105,679 | +54.8% |
| Amounts payable after more than one year | 17 | €31,232 | €39,943 | +€8,711 | +27.9% |
| Financial debts | 170/4 | €31,232 | €39,943 | +€8,711 | +27.9% |
| Amounts payable within one year | 42/48 | €161,143 | €258,112 | +€96,968 | +60.2% |
| Current portion of amounts payable after more than one year | 42 | €13,875 | €14,558 | +€682 | +4.9% |
| Financial debts | 43 | €18,152 | €18,101 | -€51 | -0.3% |
| Credit institutions | 430/8 | €18,152 | €18,101 | -€51 | -0.3% |
| Trade debts | 44 | €113,898 | €122,153 | +€8,255 | +7.2% |
| Suppliers | 440/4 | €113,898 | €122,153 | +€8,255 | +7.2% |
| Taxes, remuneration and social security | 45 | €15,218 | €23,287 | +€8,069 | +53.0% |
| Taxes | 450/3 | €2,905 | €10,679 | +€7,774 | +267.6% |
| Remuneration and social security | 454/9 | €12,312 | €12,608 | +€295 | +2.4% |
| Other amounts payable | 47/48 | - | €80,013 | +€80,013 | |
| Accrued charges and deferred income | 492/3 | €295 | €295 | = | 0.0% |
| Non-recurring operating income | 76A | €1,676 | - | -€1,676 | |
| Remuneration, social security and pensions | 62 | €189,970 | €214,390 | +€24,421 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,841 | €26,065 | +€224 | +0.9% |
| Other operating charges | 640/8 | €2,343 | €2,333 | -€9 | -0.4% |
| Gross operating margin | 9900 | €175,744 | €145,238 | -€30,506 | -17.4% |
| Operating profit (loss) | 9901 | -€42,409 | -€97,550 | -€55,141 | -130.0% |
| Financial income | 75/76B | €242 | €0 | -€242 | -100.0% |
| Recurring financial income | 75 | €242 | €0 | -€242 | -100.0% |
| Financial charges | 65/66B | €9,660 | €17,889 | +€8,228 | +85.2% |
| Recurring financial charges | 65 | €9,660 | €17,889 | +€8,228 | +85.2% |
| Profit (loss) for the period before taxes | 9903 | -€51,827 | -€115,438 | -€63,611 | -122.7% |
| Income taxes | 67/77 | €305 | €279 | -€26 | -8.6% |
| Profit (loss) for the period | 9904 | -€52,132 | -€115,717 | -€63,585 | -122.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,132 | -€115,717 | -€63,585 | -122.0% |
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 6 October 2026 via checked.be.