Dr. Philip Boons: 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. Philip Boons
Largest movements
- Receivables within one year +€137,512
up €137,512 (+118%), from €116,560 to €254,072
of which Other amounts receivable: +€137,512
- Deferred charges and accrued income -€94,941
down €94,941 (-70.0%), from €135,659 to €40,718
- Cash +€35,804
up €35,804 (+10.3%), from €347,258 to €383,062
mainly Other debts (+€230,656) and Net result for the year (+€211,933)
- Other debts +€230,656
up €230,656 (+192%), from €120,304 to €350,960
- Reserves -€115,586
down €115,586 (-17.0%), from €681,667 to €566,081
of which Distributable reserves: -€115,586
- Debts after one year -€46,131
down €46,131 (-8.9%), from €517,746 to €471,615
- Tax, wage and social debts +€17,901
up €17,901 (+31.0%), from €57,740 to €75,641
- Financial income +€10,536
up €10,536 (+365%), from €2,887 to €13,423
- Gross operating margin -€9,798
down €9,798 (-2.9%), from €332,469 to €322,671
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.
Derived cash bridge
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 | €1,431,335 | €1,511,744 | +€80,409 | +5.6% |
| Fixed assets | 21/28 | €831,859 | €833,892 | +€2,034 | +0.2% |
| Tangible fixed assets | 22/27 | €831,859 | €833,892 | +€2,034 | +0.2% |
| Land and buildings | 22 | €799,276 | €800,662 | +€1,385 | +0.2% |
| Plant, machinery and equipment | 23 | €933 | €1,504 | +€571 | +61.2% |
| Furniture and vehicles | 24 | €25,251 | €19,723 | -€5,528 | -21.9% |
| Other tangible fixed assets | 26 | €6,398 | €12,003 | +€5,605 | +87.6% |
| Current assets | 29/58 | €599,477 | €677,852 | +€78,375 | +13.1% |
| Amounts receivable within one year | 40/41 | €116,560 | €254,072 | +€137,512 | +118% |
| Trade receivables | 40 | €3,069 | €3,069 | = | 0.0% |
| Other amounts receivable | 41 | €113,490 | €251,002 | +€137,512 | +121% |
| Cash at bank and in hand | 54/58 | €347,258 | €383,062 | +€35,804 | +10.3% |
| Deferred charges and accrued income | 490/1 | €135,659 | €40,718 | -€94,941 | -70.0% |
| Total equity and liabilities | 10/49 | €1,431,335 | €1,511,744 | +€80,409 | +5.6% |
| Equity | 10/15 | €681,668 | €566,082 | -€115,586 | -17.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €681,667 | €566,081 | -€115,586 | -17.0% |
| Tax-exempt reserves | 132 | €84 | €84 | = | 0.0% |
| Distributable reserves | 133 | €681,584 | €565,997 | -€115,586 | -17.0% |
| Amounts payable | 17/49 | €749,667 | €945,662 | +€195,995 | +26.1% |
| Amounts payable after more than one year | 17 | €517,746 | €471,615 | -€46,131 | -8.9% |
| Financial debts | 170/4 | €517,746 | €471,615 | -€46,131 | -8.9% |
| Amounts payable within one year | 42/48 | €231,921 | €474,047 | +€242,126 | +104% |
| Current portion of amounts payable after more than one year | 42 | €45,984 | €46,131 | +€147 | +0.3% |
| Trade debts | 44 | €7,893 | €1,316 | -€6,577 | -83.3% |
| Suppliers | 440/4 | €7,893 | €1,316 | -€6,577 | -83.3% |
| Taxes, remuneration and social security | 45 | €57,740 | €75,641 | +€17,901 | +31.0% |
| Taxes | 450/3 | €57,740 | €75,641 | +€17,901 | +31.0% |
| Other amounts payable | 47/48 | €120,304 | €350,960 | +€230,656 | +192% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,012 | €17,454 | -€2,558 | -12.8% |
| Other operating charges | 640/8 | €5,407 | €6,340 | +€932 | +17.2% |
| Gross operating margin | 9900 | €332,469 | €322,671 | -€9,798 | -2.9% |
| Operating profit (loss) | 9901 | €307,050 | €298,877 | -€8,172 | -2.7% |
| Financial income | 75/76B | €2,887 | €13,423 | +€10,536 | +365% |
| Recurring financial income | 75 | €2,887 | €13,423 | +€10,536 | +365% |
| Financial charges | 65/66B | €4,959 | €4,648 | -€311 | -6.3% |
| Recurring financial charges | 65 | €4,959 | €4,648 | -€311 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €304,978 | €307,653 | +€2,675 | +0.9% |
| Income taxes | 67/77 | €98,553 | €95,720 | -€2,832 | -2.9% |
| Profit (loss) for the period | 9904 | €206,425 | €211,933 | +€5,507 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €206,425 | €211,933 | +€5,507 | +2.7% |
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 28 October 2026 via checked.be.