BINARD D & L: 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.
BINARD D & L
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+528.4%), from €229,643 to €1.4m
of which Land and buildings: +€746,029
- Cash -€187,842
down €187,842 (-90.5%), from €207,470 to €19,627
mainly Investment in fixed assets (net) (-€1.4m) and Deferred charges and accrued income (-€16,663)
- Stocks and contracts -€71,500
down €71,500 (-71.1%), from €100,500 to €29,000
- Receivables within one year -€24,162
down €24,162 (-25.9%), from €93,145 to €68,983
of which Trade receivables: -€16,280
- Deferred charges and accrued income +€16,663
up €16,663 (+442.0%), from €3,770 to €20,433
- Debts after one year +€603,049
up €603,049 (+350.9%), from €171,849 to €774,898
- Reserves +€264,968
up €264,968 (+89.2%), from €297,128 to €562,097
of which Tax-exempt reserves: +€315,335
- Profit (loss) carried forward -€108,196
new in 2024: -€108,196
- Provisions +€106,105
new in 2024: €106,105
- Trade debts +€80,438
up €80,438 (+404.5%), from €19,884 to €100,322
- Gross operating margin +€342,051
up €342,051 (+119.2%), from €286,990 to €629,041
- Depreciation +€148,948
up €148,948 (+355.8%), from €41,861 to €190,810
- Taxes -€38,076
down €38,076 (-99.1%), from €38,408 to €332
- Financial charges +€29,471
up €29,471 (+298.0%), from €9,889 to €39,360
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 | €634,528 | €1,581,105 | +€946,577 | +149.2% |
| Fixed assets | 21/28 | €229,643 | €1,443,062 | +€1.2m | +528.4% |
| Tangible fixed assets | 22/27 | €229,643 | €1,443,062 | +€1.2m | +528.4% |
| Land and buildings | 22 | €151,290 | €897,318 | +€746,029 | +493.1% |
| Plant, machinery and equipment | 23 | €4,431 | €5,218 | +€788 | +17.8% |
| Furniture and vehicles | 24 | €73,923 | €74,422 | +€499 | +0.7% |
| Other tangible fixed assets | 26 | - | €466,103 | +€466,103 | |
| Current assets | 29/58 | €404,885 | €138,043 | -€266,842 | -65.9% |
| Stocks and contracts in progress | 3 | €100,500 | €29,000 | -€71,500 | -71.1% |
| Stocks | 30/36 | €100,500 | €29,000 | -€71,500 | -71.1% |
| Amounts receivable within one year | 40/41 | €93,145 | €68,983 | -€24,162 | -25.9% |
| Trade receivables | 40 | €81,999 | €65,719 | -€16,280 | -19.9% |
| Other amounts receivable | 41 | €11,146 | €3,264 | -€7,882 | -70.7% |
| Cash at bank and in hand | 54/58 | €207,470 | €19,627 | -€187,842 | -90.5% |
| Deferred charges and accrued income | 490/1 | €3,770 | €20,433 | +€16,663 | +442.0% |
| Total equity and liabilities | 10/49 | €634,528 | €1,581,105 | +€946,577 | +149.2% |
| Equity | 10/15 | €317,128 | €473,901 | +€156,773 | +49.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €297,128 | €562,097 | +€264,968 | +89.2% |
| Tax-exempt reserves | 132 | - | €315,335 | +€315,335 | |
| Distributable reserves | 133 | €297,128 | €246,761 | -€50,367 | -17.0% |
| Profit (loss) carried forward | 14 | - | -€108,196 | -€108,196 | |
| Provisions and deferred taxes | 16 | - | €106,105 | +€106,105 | |
| Deferred taxes | 168 | - | €106,105 | +€106,105 | |
| Amounts payable | 17/49 | €317,400 | €1,001,099 | +€683,699 | +215.4% |
| Amounts payable after more than one year | 17 | €171,849 | €774,898 | +€603,049 | +350.9% |
| Financial debts | 170/4 | €171,849 | €774,898 | +€603,049 | +350.9% |
| Amounts payable within one year | 42/48 | €145,551 | €226,201 | +€80,650 | +55.4% |
| Current portion of amounts payable after more than one year | 42 | €52,780 | €63,085 | +€10,305 | +19.5% |
| Trade debts | 44 | €19,884 | €100,322 | +€80,438 | +404.5% |
| Suppliers | 440/4 | €19,884 | €100,322 | +€80,438 | +404.5% |
| Taxes, remuneration and social security | 45 | €36,375 | €42,740 | +€6,365 | +17.5% |
| Taxes | 450/3 | €36,375 | €38,719 | +€2,344 | +6.4% |
| Remuneration and social security | 454/9 | - | €4,021 | +€4,021 | |
| Other amounts payable | 47/48 | €36,512 | €20,054 | -€16,458 | -45.1% |
| Non-recurring operating income | 76A | €87,236 | €436,334 | +€349,098 | +400.2% |
| Remuneration, social security and pensions | 62 | €107,744 | €103,560 | -€4,184 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,861 | €190,810 | +€148,948 | +355.8% |
| Other operating charges | 640/8 | €6,179 | €8,730 | +€2,551 | +41.3% |
| Non-recurring operating charges | 66A | - | €23,011 | +€23,011 | |
| Gross operating margin | 9900 | €286,990 | €629,041 | +€342,051 | +119.2% |
| Operating profit (loss) | 9901 | €131,205 | €302,930 | +€171,725 | +130.9% |
| Financial income | 75/76B | €1,286 | €472 | -€814 | -63.3% |
| Recurring financial income | 75 | €1,286 | €472 | -€814 | -63.3% |
| Financial charges | 65/66B | €9,889 | €39,360 | +€29,471 | +298.0% |
| Recurring financial charges | 65 | €9,889 | €39,360 | +€29,471 | +298.0% |
| Profit (loss) for the period before taxes | 9903 | €122,603 | €264,042 | +€141,439 | +115.4% |
| Transfer from deferred taxes | 780 | - | €2,979 | +€2,979 | |
| Transfer to deferred taxes | 680 | - | €109,083 | +€109,083 | |
| Income taxes | 67/77 | €38,408 | €332 | -€38,076 | -99.1% |
| Profit (loss) for the period | 9904 | €84,195 | €157,606 | +€73,411 | +87.2% |
| Transfer from tax-exempt reserves | 789 | - | €11,915 | +€11,915 | |
| Transfer to tax-exempt reserves | 689 | - | €327,250 | +€327,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,195 | -€157,730 | -€241,925 |
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 8 October 2026 via checked.be.