Bert Luca: 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.
Bert Luca
Largest movements
- Receivables within one year +€10,003
up €10,003 (+55.7%), from €17,963 to €27,965
of which Trade receivables: +€6,165
- Tangible fixed assets -€6,907
down €6,907 (-7.4%), from €93,081 to €86,174
of which Furniture and vehicles: -€8,049
- Stocks and contracts +€4,895
up €4,895 (+133.6%), from €3,663 to €8,557
- Deferred charges and accrued income +€1,837
up €1,837 (+545.2%), from €337 to €2,174
- Trade debts +€31,543
up €31,543 (+69.0%), from €45,714 to €77,257
- Profit (loss) carried forward -€25,773
down €25,773 (-34.0%), from -€75,812 to -€101,585
- Other debts +€21,444
up €21,444 (+134.9%), from €15,891 to €37,335
- Debts after one year -€11,287
down €11,287 (-15.0%), from €75,012 to €63,725
- Current portion of long-term debt -€5,647
down €5,647 (-22.7%), from €24,907 to €19,260
- Gross operating margin -€36,341
down €36,341, from €35,558 to -€783
- Depreciation +€1,618
up €1,618 (+8.8%), from €18,344 to €19,962
- Financial charges -€962
down €962 (-18.4%), from €5,236 to €4,274
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 | €115,043 | €124,871 | +€9,828 | +8.5% |
| Fixed assets | 21/28 | €93,081 | €86,174 | -€6,907 | -7.4% |
| Tangible fixed assets | 22/27 | €93,081 | €86,174 | -€6,907 | -7.4% |
| Land and buildings | 22 | €25,623 | €23,546 | -€2,077 | -8.1% |
| Plant, machinery and equipment | 23 | €10,591 | €10,017 | -€574 | -5.4% |
| Furniture and vehicles | 24 | €13,160 | €5,111 | -€8,049 | -61.2% |
| Leasing and similar rights | 25 | €43,707 | €47,500 | +€3,793 | +8.7% |
| Current assets | 29/58 | €21,962 | €38,697 | +€16,735 | +76.2% |
| Stocks and contracts in progress | 3 | €3,663 | €8,557 | +€4,895 | +133.6% |
| Stocks | 30/36 | €3,663 | €8,557 | +€4,895 | +133.6% |
| Amounts receivable within one year | 40/41 | €17,963 | €27,965 | +€10,003 | +55.7% |
| Trade receivables | 40 | €12,990 | €19,156 | +€6,165 | +47.5% |
| Other amounts receivable | 41 | €4,972 | €8,810 | +€3,837 | +77.2% |
| Deferred charges and accrued income | 490/1 | €337 | €2,174 | +€1,837 | +545.2% |
| Total equity and liabilities | 10/49 | €115,043 | €124,871 | +€9,828 | +8.5% |
| Equity | 10/15 | -€58,432 | -€84,205 | -€25,773 | -44.1% |
| Contributions | 10/11 | €17,320 | €17,320 | = | 0.0% |
| Reserves | 13 | €60 | €60 | = | 0.0% |
| Distributable reserves | 133 | €60 | €60 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,812 | -€101,585 | -€25,773 | -34.0% |
| Amounts payable | 17/49 | €173,475 | €209,076 | +€35,601 | +20.5% |
| Amounts payable after more than one year | 17 | €75,012 | €63,725 | -€11,287 | -15.0% |
| Financial debts | 170/4 | €75,012 | €63,725 | -€11,287 | -15.0% |
| Amounts payable within one year | 42/48 | €95,159 | €145,350 | +€50,192 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €24,907 | €19,260 | -€5,647 | -22.7% |
| Financial debts | 43 | €8,610 | €10,257 | +€1,647 | +19.1% |
| Credit institutions | 430/8 | €8,610 | €10,257 | +€1,647 | +19.1% |
| Trade debts | 44 | €45,714 | €77,257 | +€31,543 | +69.0% |
| Suppliers | 440/4 | €45,714 | €77,257 | +€31,543 | +69.0% |
| Taxes, remuneration and social security | 45 | €37 | €1,242 | +€1,204 | +3212.2% |
| Taxes | 450/3 | €37 | €1,242 | +€1,204 | +3212.2% |
| Other amounts payable | 47/48 | €15,891 | €37,335 | +€21,444 | +134.9% |
| Accrued charges and deferred income | 492/3 | €3,304 | - | -€3,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,344 | €19,962 | +€1,618 | +8.8% |
| Other operating charges | 640/8 | €543 | €754 | +€211 | +38.8% |
| Gross operating margin | 9900 | €35,558 | -€783 | -€36,341 | |
| Operating profit (loss) | 9901 | €16,671 | -€21,499 | -€38,170 | |
| Financial income | 75/76B | €149 | €0 | -€149 | -100.0% |
| Recurring financial income | 75 | €149 | €0 | -€149 | -100.0% |
| Financial charges | 65/66B | €5,236 | €4,274 | -€962 | -18.4% |
| Recurring financial charges | 65 | €5,236 | €4,274 | -€962 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €11,584 | -€25,773 | -€37,357 | |
| Profit (loss) for the period | 9904 | €11,584 | -€25,773 | -€37,357 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,584 | -€25,773 | -€37,357 |
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 7 October 2026 via checked.be.