BERNARD LUC: 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.
BERNARD LUC
Largest movements
- Tangible fixed assets -€12,761
down €12,761 (-7.0%), from €181,922 to €169,161
of which Furniture and vehicles: -€14,220
- Receivables within one year +€10,489
up €10,489 (+171.2%), from €6,128 to €16,617
- Debts after one year -€17,464
down €17,464 (-12.4%), from €140,850 to €123,386
- Reserves +€15,000
up €15,000 (+33.3%), from €45,000 to €60,000
- Tax, wage and social debts -€3,391
down €3,391 (-42.8%), from €7,915 to €4,524
- Trade debts +€3,312
up €3,312 (+185.5%), from €1,785 to €5,097
- Depreciation +€9,358
up €9,358 (+77.7%), from €12,041 to €21,399
- Gross operating margin +€9,167
up €9,167 (+20.7%), from €44,273 to €53,440
- Taxes +€2,489
up €2,489 (+35.5%), from €7,015 to €9,504
- Financial charges -€2,315
down €2,315 (-28.2%), from €8,194 to €5,880
of which Non-recurring financial charges: -€2,649
- Other operating charges +€931
up €931 (+74.9%), from €1,244 to €2,175
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 | €207,836 | €206,039 | -€1,796 | -0.9% |
| Fixed assets | 21/28 | €182,011 | €169,250 | -€12,761 | -7.0% |
| Tangible fixed assets | 22/27 | €181,922 | €169,161 | -€12,761 | -7.0% |
| Land and buildings | 22 | €131,040 | €132,499 | +€1,459 | +1.1% |
| Furniture and vehicles | 24 | €50,882 | €36,662 | -€14,220 | -27.9% |
| Financial fixed assets | 28 | €89 | €89 | = | 0.0% |
| Current assets | 29/58 | €25,824 | €36,789 | +€10,964 | +42.5% |
| Amounts receivable within one year | 40/41 | €6,128 | €16,617 | +€10,489 | +171.2% |
| Other amounts receivable | 41 | €6,128 | €16,617 | +€10,489 | +171.2% |
| Cash at bank and in hand | 54/58 | €13,576 | €13,988 | +€412 | +3.0% |
| Deferred charges and accrued income | 490/1 | €6,120 | €6,184 | +€64 | +1.0% |
| Total equity and liabilities | 10/49 | €207,836 | €206,039 | -€1,796 | -0.9% |
| Equity | 10/15 | €34,023 | €49,770 | +€15,747 | +46.3% |
| Reserves | 13 | €45,000 | €60,000 | +€15,000 | +33.3% |
| Distributable reserves | 133 | €45,000 | €60,000 | +€15,000 | +33.3% |
| Profit (loss) carried forward | 14 | -€10,977 | -€10,230 | +€747 | +6.8% |
| Amounts payable | 17/49 | €173,813 | €156,269 | -€17,543 | -10.1% |
| Amounts payable after more than one year | 17 | €140,850 | €123,386 | -€17,464 | -12.4% |
| Financial debts | 170/4 | €140,850 | €123,386 | -€17,464 | -12.4% |
| Amounts payable within one year | 42/48 | €32,962 | €32,883 | -€79 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €23,262 | €23,262 | = | 0.0% |
| Trade debts | 44 | €1,785 | €5,097 | +€3,312 | +185.5% |
| Suppliers | 440/4 | €1,785 | €5,097 | +€3,312 | +185.5% |
| Taxes, remuneration and social security | 45 | €7,915 | €4,524 | -€3,391 | -42.8% |
| Taxes | 450/3 | €7,915 | €4,524 | -€3,391 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,041 | €21,399 | +€9,358 | +77.7% |
| Other operating charges | 640/8 | €1,244 | €2,175 | +€931 | +74.9% |
| Gross operating margin | 9900 | €44,273 | €53,440 | +€9,167 | +20.7% |
| Operating profit (loss) | 9901 | €30,988 | €29,866 | -€1,122 | -3.6% |
| Financial income | 75/76B | €781 | €1,265 | +€484 | +61.9% |
| Recurring financial income | 75 | €618 | €876 | +€257 | +41.6% |
| Non-recurring financial income | 76B | €163 | €389 | +€226 | +139.1% |
| Financial charges | 65/66B | €8,194 | €5,880 | -€2,315 | -28.2% |
| Recurring financial charges | 65 | €5,545 | €5,880 | +€335 | +6.0% |
| Non-recurring financial charges | 66B | €2,649 | - | -€2,649 | |
| Profit (loss) for the period before taxes | 9903 | €23,575 | €25,251 | +€1,676 | +7.1% |
| Income taxes | 67/77 | €7,015 | €9,504 | +€2,489 | +35.5% |
| Profit (loss) for the period | 9904 | €16,560 | €15,747 | -€813 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,560 | €15,747 | -€813 | -4.9% |
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 3 October 2026 via checked.be.