BENJAMIN LAVRY: 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.
BENJAMIN LAVRY
Largest movements
- Receivables within one year +€31,208
up €31,208 (+30.8%), from €101,218 to €132,426
of which Other amounts receivable: +€18,343
- Cash -€13,128
down €13,128 (-23.6%), from €55,531 to €42,403
mainly Receivables within one year (-€31,208)
- Deferred charges and accrued income -€3,509
down €3,509 (-8.9%), from €39,404 to €35,895
- Reserves +€12,645
up €12,645 (+7.7%), from €164,970 to €177,615
of which Distributable reserves: +€12,645
- Gross operating margin +€13,159
up €13,159 (+58.5%), from €22,477 to €35,636
- Taxes +€12,932
up €12,932 (+156.3%), from €8,272 to €21,204
- Depreciation -€489
down €489 (-56.2%), from €870 to €381
- Other operating charges -€432
down €432 (-88.9%), from €486 to €54
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 | €249,378 | €263,568 | +€14,190 | +5.7% |
| Fixed assets | 21/28 | €2,614 | €2,233 | -€381 | -14.6% |
| Tangible fixed assets | 22/27 | €2,614 | €2,233 | -€381 | -14.6% |
| Land and buildings | 22 | €2,614 | €2,233 | -€381 | -14.6% |
| Current assets | 29/58 | €246,764 | €261,335 | +€14,571 | +5.9% |
| Amounts receivable after more than one year | 29 | €50,611 | €50,611 | = | 0.0% |
| Other amounts receivable | 291 | €50,611 | €50,611 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €101,218 | €132,426 | +€31,208 | +30.8% |
| Trade receivables | 40 | €43,745 | €56,610 | +€12,865 | +29.4% |
| Other amounts receivable | 41 | €57,473 | €75,816 | +€18,343 | +31.9% |
| Cash at bank and in hand | 54/58 | €55,531 | €42,403 | -€13,128 | -23.6% |
| Deferred charges and accrued income | 490/1 | €39,404 | €35,895 | -€3,509 | -8.9% |
| Total equity and liabilities | 10/49 | €249,378 | €263,568 | +€14,190 | +5.7% |
| Equity | 10/15 | €246,571 | €259,218 | +€12,647 | +5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €164,970 | €177,615 | +€12,645 | +7.7% |
| 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 | €162,970 | €175,615 | +€12,645 | +7.8% |
| Profit (loss) carried forward | 14 | €69,201 | €69,203 | +€2 | 0.0% |
| Amounts payable | 17/49 | €2,807 | €4,350 | +€1,543 | +55.0% |
| Amounts payable within one year | 42/48 | €2,807 | €4,350 | +€1,543 | +55.0% |
| Trade debts | 44 | - | €279 | +€279 | |
| Suppliers | 440/4 | - | €279 | +€279 | |
| Taxes, remuneration and social security | 45 | €2,807 | €4,071 | +€1,264 | +45.0% |
| Taxes | 450/3 | €2,807 | €4,071 | +€1,264 | +45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €870 | €381 | -€489 | -56.2% |
| Other operating charges | 640/8 | €486 | €54 | -€432 | -88.9% |
| Gross operating margin | 9900 | €22,477 | €35,636 | +€13,159 | +58.5% |
| Operating profit (loss) | 9901 | €21,121 | €35,201 | +€14,080 | +66.7% |
| Financial charges | 65/66B | €1,170 | €1,350 | +€180 | +15.4% |
| Recurring financial charges | 65 | €611 | €280 | -€331 | -54.2% |
| Non-recurring financial charges | 66B | €559 | €1,070 | +€511 | +91.4% |
| Profit (loss) for the period before taxes | 9903 | €19,951 | €33,851 | +€13,900 | +69.7% |
| Income taxes | 67/77 | €8,272 | €21,204 | +€12,932 | +156.3% |
| Profit (loss) for the period | 9904 | €11,679 | €12,647 | +€968 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,679 | €12,647 | +€968 | +8.3% |
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.