BERNARD LATOUR: 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.
BERNARD LATOUR
Largest movements
- Receivables within one year +€187,900
up €187,900 (+141%), from €133,451 to €321,351
of which Trade receivables: +€187,891
- Cash +€70,949
up €70,949 (+39.2%), from €181,034 to €251,983
mainly Depreciation (+€108,996) and Net result for the year (+€65,602)
- Stocks and contracts -€61,803
down €61,803 (-16.6%), from €372,023 to €310,220
- Tangible fixed assets -€18,269
down €18,269 (-14.0%), from €130,461 to €112,192
of which Plant, machinery and equipment: -€10,112
- Reserves +€65,602
up €65,602 (+43.2%), from €151,691 to €217,293
of which Distributable reserves: +€65,602
- Trade debts +€56,890
up €56,890 (+560%), from €10,163 to €67,053
- Tax, wage and social debts +€32,666
up €32,666 (+625%), from €5,228 to €37,894
- Debts after one year +€14,630
up €14,630 (+8.7%), from €168,732 to €183,362
- Other debts +€10,641
up €10,641 (+7.8%), from €136,503 to €147,144
- Turnover +€260,170
up €260,170 (+57.2%), from €454,449 to €714,619
- Purchases and services +€171,491
up €171,491 (+51.5%), from €332,956 to €504,447
- Gross operating margin +€88,679
up €88,679 (+73.0%), from €121,493 to €210,172
- Depreciation +€27,271
up €27,271 (+33.4%), from €81,725 to €108,996
- Taxes +€16,881
up €16,881 (+204%), from €8,265 to €25,146
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 | €820,715 | €1,001,146 | +€180,430 | +22.0% |
| Fixed assets | 21/28 | €130,461 | €112,192 | -€18,269 | -14.0% |
| Tangible fixed assets | 22/27 | €130,461 | €112,192 | -€18,269 | -14.0% |
| Plant, machinery and equipment | 23 | €113,277 | €103,165 | -€10,112 | -8.9% |
| Furniture and vehicles | 24 | €17,185 | €9,027 | -€8,157 | -47.5% |
| Current assets | 29/58 | €690,254 | €888,954 | +€198,700 | +28.8% |
| Stocks and contracts in progress | 3 | €372,023 | €310,220 | -€61,803 | -16.6% |
| Stocks | 30/36 | €372,023 | €310,220 | -€61,803 | -16.6% |
| Amounts receivable within one year | 40/41 | €133,451 | €321,351 | +€187,900 | +141% |
| Trade receivables | 40 | €131,230 | €319,120 | +€187,891 | +143% |
| Other amounts receivable | 41 | €2,222 | €2,230 | +€9 | +0.4% |
| Cash at bank and in hand | 54/58 | €181,034 | €251,983 | +€70,949 | +39.2% |
| Deferred charges and accrued income | 490/1 | €3,747 | €5,401 | +€1,654 | +44.1% |
| Total equity and liabilities | 10/49 | €820,715 | €1,001,146 | +€180,430 | +22.0% |
| Equity | 10/15 | €500,091 | €565,693 | +€65,602 | +13.1% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Capital | 10 | €27,268 | €27,268 | = | 0.0% |
| Issued capital | 100 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €151,691 | €217,293 | +€65,602 | +43.2% |
| Non-distributable reserves | 130/1 | €2,727 | €2,727 | = | 0.0% |
| Legal reserve | 130 | €2,727 | €2,727 | = | 0.0% |
| Distributable reserves | 133 | €148,964 | €214,567 | +€65,602 | +44.0% |
| Profit (loss) carried forward | 14 | €321,131 | €321,131 | = | 0.0% |
| Amounts payable | 17/49 | €320,625 | €435,453 | +€114,828 | +35.8% |
| Amounts payable after more than one year | 17 | €168,732 | €183,362 | +€14,630 | +8.7% |
| Financial debts | 170/4 | €168,732 | €183,362 | +€14,630 | +8.7% |
| Amounts payable within one year | 42/48 | €151,893 | €252,091 | +€100,198 | +66.0% |
| Trade debts | 44 | €10,163 | €67,053 | +€56,890 | +560% |
| Suppliers | 440/4 | €10,163 | €67,053 | +€56,890 | +560% |
| Taxes, remuneration and social security | 45 | €5,228 | €37,894 | +€32,666 | +625% |
| Taxes | 450/3 | €5,228 | €37,894 | +€32,666 | +625% |
| Other amounts payable | 47/48 | €136,503 | €147,144 | +€10,641 | +7.8% |
| Turnover | 70 | €454,449 | €714,619 | +€260,170 | +57.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €332,956 | €504,447 | +€171,491 | +51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,725 | €108,996 | +€27,271 | +33.4% |
| Other operating charges | 640/8 | €1,446 | €1,266 | -€179 | -12.4% |
| Gross operating margin | 9900 | €121,493 | €210,172 | +€88,679 | +73.0% |
| Operating profit (loss) | 9901 | €38,322 | €99,909 | +€61,587 | +161% |
| Financial income | 75/76B | €1,436 | €2,173 | +€737 | +51.3% |
| Recurring financial income | 75 | €1,436 | €2,173 | +€737 | +51.3% |
| Financial charges | 65/66B | €6,875 | €11,334 | +€4,460 | +64.9% |
| Recurring financial charges | 65 | €6,875 | €11,334 | +€4,460 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | €32,884 | €90,748 | +€57,864 | +176% |
| Income taxes | 67/77 | €8,265 | €25,146 | +€16,881 | +204% |
| Profit (loss) for the period | 9904 | €24,619 | €65,602 | +€40,983 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €24,619 | €65,602 | +€40,983 | +166% |
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 15 October 2026 via checked.be.