BENOIT BROUCKAERT: 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.
BENOIT BROUCKAERT
Largest movements
- Receivables after one year -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Tangible fixed assets -€49,247
down €49,247 (-4.8%), from €1.0m to €976,458
of which Land and buildings: -€45,134
- Receivables within one year +€33,320
up €33,320 (+61.1%), from €54,519 to €87,839
of which Other amounts receivable: +€18,294
- Stocks and contracts +€15,538
up €15,538 (+23.9%), from €64,969 to €80,507
- Reserves +€103,329
up €103,329 (+23.7%), from €436,091 to €539,421
- Other debts -€101,599
down €101,599 (-77.0%), from €131,975 to €30,377
- Debts after one year -€52,892
down €52,892 (-9.6%), from €549,228 to €496,336
- Current portion of long-term debt +€14,370
up €14,370 (+13.8%), from €104,041 to €118,410
- Gross operating margin +€95,785
up €95,785 (+21.9%), from €437,822 to €533,608
- Taxes +€22,389
up €22,389 (+70.6%), from €31,730 to €54,119
- Staff costs +€17,369
up €17,369 (+8.1%), from €214,305 to €231,673
- Financial charges +€12,762
up €12,762 (+36.1%), from €35,384 to €48,146
- Financial income +€8,521
up €8,521 (+63.0%), from €13,532 to €22,053
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 | €1,318,958 | €1,275,711 | -€43,246 | -3.3% |
| Fixed assets | 21/28 | €1,025,730 | €976,483 | -€49,247 | -4.8% |
| Tangible fixed assets | 22/27 | €1,025,705 | €976,458 | -€49,247 | -4.8% |
| Land and buildings | 22 | €955,237 | €910,103 | -€45,134 | -4.7% |
| Plant, machinery and equipment | 23 | €13,999 | €26,272 | +€12,273 | +87.7% |
| Furniture and vehicles | 24 | €56,469 | €40,083 | -€16,386 | -29.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €293,227 | €299,228 | +€6,001 | +2.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Other amounts receivable | 291 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Stocks and contracts in progress | 3 | €64,969 | €80,507 | +€15,538 | +23.9% |
| Stocks | 30/36 | €64,969 | €80,507 | +€15,538 | +23.9% |
| Amounts receivable within one year | 40/41 | €54,519 | €87,839 | +€33,320 | +61.1% |
| Trade receivables | 40 | €28,420 | €43,446 | +€15,026 | +52.9% |
| Other amounts receivable | 41 | €26,099 | €44,393 | +€18,294 | +70.1% |
| Cash at bank and in hand | 54/58 | €73,740 | €71,931 | -€1,809 | -2.5% |
| Deferred charges and accrued income | 490/1 | - | €8,952 | +€8,952 | |
| Total equity and liabilities | 10/49 | €1,318,958 | €1,275,711 | -€43,246 | -3.3% |
| Equity | 10/15 | €454,473 | €557,803 | +€103,329 | +22.7% |
| Contributions | 10/11 | €18,382 | €18,382 | = | 0.0% |
| Outside capital | 11 | €18,382 | €18,382 | = | 0.0% |
| Other | 1109/19 | €18,382 | €18,382 | = | 0.0% |
| Reserves | 13 | €436,091 | €539,421 | +€103,329 | +23.7% |
| Distributable reserves | 133 | €436,091 | €539,421 | +€103,329 | +23.7% |
| Amounts payable | 17/49 | €864,484 | €717,909 | -€146,576 | -17.0% |
| Amounts payable after more than one year | 17 | €549,228 | €496,336 | -€52,892 | -9.6% |
| Financial debts | 170/4 | €549,228 | €496,336 | -€52,892 | -9.6% |
| Amounts payable within one year | 42/48 | €315,256 | €221,573 | -€93,683 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €104,041 | €118,410 | +€14,370 | +13.8% |
| Financial debts | 43 | €10 | - | -€10 | |
| Credit institutions | 430/8 | €10 | - | -€10 | |
| Trade debts | 44 | €47,047 | €35,715 | -€11,332 | -24.1% |
| Suppliers | 440/4 | €47,047 | €35,715 | -€11,332 | -24.1% |
| Taxes, remuneration and social security | 45 | €32,183 | €37,071 | +€4,887 | +15.2% |
| Taxes | 450/3 | €9 | €366 | +€357 | +3990.5% |
| Remuneration and social security | 454/9 | €32,174 | €36,705 | +€4,530 | +14.1% |
| Other amounts payable | 47/48 | €131,975 | €30,377 | -€101,599 | -77.0% |
| Remuneration, social security and pensions | 62 | €214,305 | €231,673 | +€17,369 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,948 | €79,609 | +€662 | +0.8% |
| Other operating charges | 640/8 | €9,085 | €11,011 | +€1,926 | +21.2% |
| Gross operating margin | 9900 | €437,822 | €533,608 | +€95,785 | +21.9% |
| Operating profit (loss) | 9901 | €135,485 | €211,314 | +€75,829 | +56.0% |
| Financial income | 75/76B | €13,532 | €22,053 | +€8,521 | +63.0% |
| Recurring financial income | 75 | €13,532 | €22,053 | +€8,521 | +63.0% |
| Financial charges | 65/66B | €35,384 | €48,146 | +€12,762 | +36.1% |
| Recurring financial charges | 65 | €35,384 | €48,146 | +€12,762 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €113,633 | €185,221 | +€71,588 | +63.0% |
| Income taxes | 67/77 | €31,730 | €54,119 | +€22,389 | +70.6% |
| Profit (loss) for the period | 9904 | €81,903 | €131,102 | +€49,199 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,903 | €131,102 | +€49,199 | +60.1% |
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 2 October 2026 via checked.be.