Dr. Patrick Pertry: 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.
Dr. Patrick Pertry
Largest movements
- Tangible fixed assets -€89,088
down €89,088 (-10.2%), from €875,142 to €786,053
of which Land and buildings: -€46,401
- Cash +€51,491
up €51,491 (+722.4%), from €7,128 to €58,618
mainly Depreciation (+€124,701) and Net result for the year (+€12,158)
- Tax, wage and social debts -€46,346
down €46,346 (-66.2%), from €70,042 to €23,696
of which Taxes: -€49,620
- Gross operating margin +€23,508
up €23,508 (+14.4%), from €163,425 to €186,933
- Taxes +€23,324
up €23,324 (+350.9%), from €6,648 to €29,971
- Depreciation -€13,733
down €13,733 (-9.9%), from €138,433 to €124,701
- Other operating charges -€2,875
down €2,875 (-64.7%), from €4,446 to €1,572
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 | €1,070,817 | €1,032,064 | -€38,753 | -3.6% |
| Formation expenses | 20 | €136 | €125 | -€11 | -7.9% |
| Fixed assets | 21/28 | €875,142 | €786,053 | -€89,088 | -10.2% |
| Tangible fixed assets | 22/27 | €875,142 | €786,053 | -€89,088 | -10.2% |
| Land and buildings | 22 | €703,637 | €657,235 | -€46,401 | -6.6% |
| Plant, machinery and equipment | 23 | €9,913 | €6,451 | -€3,462 | -34.9% |
| Furniture and vehicles | 24 | €161,592 | €122,367 | -€39,225 | -24.3% |
| Current assets | 29/58 | €195,539 | €245,886 | +€50,346 | +25.7% |
| Amounts receivable after more than one year | 29 | €63,691 | €63,191 | -€500 | -0.8% |
| Other amounts receivable | 291 | €63,691 | €63,191 | -€500 | -0.8% |
| Amounts receivable within one year | 40/41 | €119,376 | €119,000 | -€376 | -0.3% |
| Trade receivables | 40 | €376 | - | -€376 | |
| Other amounts receivable | 41 | €119,000 | €119,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,128 | €58,618 | +€51,491 | +722.4% |
| Deferred charges and accrued income | 490/1 | €5,344 | €5,076 | -€268 | -5.0% |
| Total equity and liabilities | 10/49 | €1,070,817 | €1,032,064 | -€38,753 | -3.6% |
| Equity | 10/15 | €921,605 | €933,763 | +€12,158 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €906,475 | €915,163 | +€8,688 | +1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €904,615 | €913,303 | +€8,688 | +1.0% |
| Profit (loss) carried forward | 14 | -€3,470 | - | +€3,470 | |
| Amounts payable | 17/49 | €149,212 | €98,302 | -€50,911 | -34.1% |
| Amounts payable within one year | 42/48 | €149,212 | €98,302 | -€50,911 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €22,762 | €17,500 | -€5,262 | -23.1% |
| Trade debts | 44 | - | €127 | +€127 | |
| Suppliers | 440/4 | - | €127 | +€127 | |
| Taxes, remuneration and social security | 45 | €70,042 | €23,696 | -€46,346 | -66.2% |
| Taxes | 450/3 | €69,619 | €20,000 | -€49,620 | -71.3% |
| Remuneration and social security | 454/9 | €423 | €3,696 | +€3,274 | +774.5% |
| Other amounts payable | 47/48 | €56,408 | €56,978 | +€570 | +1.0% |
| Remuneration, social security and pensions | 62 | €15,582 | €16,590 | +€1,007 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,433 | €124,701 | -€13,733 | -9.9% |
| Other operating charges | 640/8 | €4,446 | €1,572 | -€2,875 | -64.7% |
| Gross operating margin | 9900 | €163,425 | €186,933 | +€23,508 | +14.4% |
| Operating profit (loss) | 9901 | €4,963 | €44,071 | +€39,108 | +788.0% |
| Financial income | 75/76B | €4 | €29 | +€25 | +610.5% |
| Recurring financial income | 75 | €4 | €29 | +€25 | +610.5% |
| Financial charges | 65/66B | €1,790 | €1,971 | +€181 | +10.1% |
| Recurring financial charges | 65 | €1,790 | €1,971 | +€181 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €3,177 | €42,129 | +€38,952 | +1225.9% |
| Income taxes | 67/77 | €6,648 | €29,971 | +€23,324 | +350.9% |
| Profit (loss) for the period | 9904 | -€3,470 | €12,158 | +€15,628 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,470 | €12,158 | +€15,628 |
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.