DR.GREGORY CLEMENT: 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.
DR.GREGORY CLEMENT
Largest movements
- Receivables after one year +€59,028
up €59,028 (+60.0%), from €98,403 to €157,431
- Cash -€51,825
down €51,825 (-21.0%), from €246,814 to €194,989
mainly Investment in fixed assets (net) (-€91,311) and Debts after one year (-€61,986)
- Tangible fixed assets +€43,772
up €43,772 (+3.2%), from €1.4m to €1.4m
of which Other tangible fixed assets: +€295,543
- Receivables within one year +€28,274
up €28,274 (+82.8%), from €34,168 to €62,442
of which Trade receivables: +€28,274
- Reserves +€97,497
up €97,497 (+38.7%), from €251,879 to €349,376
of which Distributable reserves: +€97,497
- Debts after one year -€61,986
down €61,986 (-4.9%), from €1.3m to €1.2m
- Trade debts +€41,281
up €41,281 (+1140.8%), from €3,619 to €44,899
- Other operating charges -€41,075
down €41,075 (-60.9%), from €67,467 to €26,392
- Taxes +€41,004
up €41,004 (+158.5%), from €25,872 to €66,876
- Gross operating margin +€36,395
up €36,395 (+16.2%), from €224,775 to €261,171
- Staff costs -€5,856
down €5,856 (-97.7%), from €5,994 to €138
- Financial income +€3,451
up €3,451 (+77.8%), from €4,439 to €7,890
of which Financial income: +€3,451
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 | €1,750,424 | €1,833,198 | +€82,774 | +4.7% |
| Fixed assets | 21/28 | €1,368,421 | €1,412,193 | +€43,772 | +3.2% |
| Tangible fixed assets | 22/27 | €1,367,986 | €1,411,758 | +€43,772 | +3.2% |
| Land and buildings | 22 | €1,349,621 | €1,095,203 | -€254,418 | -18.9% |
| Plant, machinery and equipment | 23 | €9,477 | €9,429 | -€49 | -0.5% |
| Furniture and vehicles | 24 | €6,130 | €8,826 | +€2,696 | +44.0% |
| Other tangible fixed assets | 26 | €2,758 | €298,301 | +€295,543 | +10716.0% |
| Financial fixed assets | 28 | €435 | €435 | = | 0.0% |
| Current assets | 29/58 | €382,003 | €421,004 | +€39,002 | +10.2% |
| Amounts receivable after more than one year | 29 | €98,403 | €157,431 | +€59,028 | +60.0% |
| Other amounts receivable | 291 | €98,403 | €157,431 | +€59,028 | +60.0% |
| Amounts receivable within one year | 40/41 | €34,168 | €62,442 | +€28,274 | +82.8% |
| Trade receivables | 40 | - | €28,274 | +€28,274 | |
| Other amounts receivable | 41 | €34,168 | €34,168 | = | 0.0% |
| Current investments | 50/53 | €1,500 | €1,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €246,814 | €194,989 | -€51,825 | -21.0% |
| Deferred charges and accrued income | 490/1 | €1,118 | €4,642 | +€3,524 | +315.3% |
| Total equity and liabilities | 10/49 | €1,750,424 | €1,833,198 | +€82,774 | +4.7% |
| Equity | 10/15 | €270,479 | €367,976 | +€97,497 | +36.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €251,879 | €349,376 | +€97,497 | +38.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €251,879 | €349,376 | +€97,497 | +38.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €57,632 | €57,632 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €57,632 | €57,632 | = | 0.0% |
| Pensions and similar obligations | 160 | €57,632 | €57,632 | = | 0.0% |
| Amounts payable | 17/49 | €1,422,312 | €1,407,589 | -€14,723 | -1.0% |
| Amounts payable after more than one year | 17 | €1,270,515 | €1,208,529 | -€61,986 | -4.9% |
| Financial debts | 170/4 | €1,270,515 | €1,208,529 | -€61,986 | -4.9% |
| Amounts payable within one year | 42/48 | €151,778 | €198,895 | +€47,118 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €73,208 | €66,107 | -€7,101 | -9.7% |
| Financial debts | 43 | €47,667 | €40,000 | -€7,667 | -16.1% |
| Credit institutions | 430/8 | €47,667 | €40,000 | -€7,667 | -16.1% |
| Trade debts | 44 | €3,619 | €44,899 | +€41,281 | +1140.8% |
| Suppliers | 440/4 | €3,619 | €44,899 | +€41,281 | +1140.8% |
| Taxes, remuneration and social security | 45 | €27,284 | €42,634 | +€15,350 | +56.3% |
| Taxes | 450/3 | €27,284 | €42,634 | +€15,350 | +56.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €5,256 | +€5,256 | |
| Accrued charges and deferred income | 492/3 | €19 | €165 | +€145 | +748.0% |
| Remuneration, social security and pensions | 62 | €5,994 | €138 | -€5,856 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,493 | €47,539 | +€1,045 | +2.2% |
| Other operating charges | 640/8 | €67,467 | €26,392 | -€41,075 | -60.9% |
| Non-recurring operating charges | 66A | - | €1,293 | +€1,293 | |
| Gross operating margin | 9900 | €224,775 | €261,171 | +€36,395 | +16.2% |
| Operating profit (loss) | 9901 | €104,821 | €185,809 | +€80,989 | +77.3% |
| Financial income | 75/76B | €4,439 | €7,890 | +€3,451 | +77.8% |
| Recurring financial income | 75 | €4,439 | €7,890 | +€3,451 | +77.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €26,928 | €24,071 | -€2,857 | -10.6% |
| Recurring financial charges | 65 | €26,928 | €24,071 | -€2,857 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €82,331 | €169,628 | +€87,297 | +106.0% |
| Income taxes | 67/77 | €25,872 | €66,876 | +€41,004 | +158.5% |
| Profit (loss) for the period | 9904 | €56,459 | €102,752 | +€46,293 | +82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,459 | €102,752 | +€46,293 | +82.0% |
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 12 October 2026 via checked.be.