ERIC CARLIER: 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.
ERIC CARLIER
Largest movements
- Cash -€205,897
down €205,897 (-51.3%), from €401,492 to €195,595
mainly Investment in fixed assets (net) (-€232,492) and Other debts (-€82,921)
- Tangible fixed assets +€144,550
up €144,550 (+11.5%), from €1.3m to €1.4m
of which Land and buildings: +€144,693
- Other debts -€82,921
down €82,921 (-6.9%), from €1.2m to €1.1m
- Profit (loss) carried forward +€26,336
up €26,336 (+3.1%), from -€839,025 to -€812,689
- Revaluation surpluses -€24,839
down €24,839 (-8.2%), from €304,604 to €279,766
- Reserves +€17,749
up €17,749 (+2.0%), from €874,807 to €892,556
of which Non-distributable reserves: +€892,556
- Gross operating margin -€358,305
down €358,305 (-74.9%), from €478,155 to €119,850
- Turnover +€152,688
new in 2024: €152,688
- Purchases and services +€33,138
new in 2024: €33,138
- Write-downs +€17,410
new in 2024: €17,410
- Other operating charges -€11,368
no longer reported in 2024 (was €11,368)
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 | €1,676,814 | €1,613,455 | -€63,358 | -3.8% |
| Fixed assets | 21/28 | €1,255,046 | €1,399,596 | +€144,550 | +11.5% |
| Tangible fixed assets | 22/27 | €1,254,796 | €1,399,346 | +€144,550 | +11.5% |
| Land and buildings | 22 | €1,247,901 | €1,392,594 | +€144,693 | +11.6% |
| Furniture and vehicles | 24 | €6,895 | €6,752 | -€143 | -2.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €421,767 | €213,859 | -€207,908 | -49.3% |
| Amounts receivable after more than one year | 29 | €1,000 | €1,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,775 | €15,765 | -€2,011 | -11.3% |
| Trade receivables | 40 | €15,901 | €10,742 | -€5,159 | -32.4% |
| Other amounts receivable | 41 | €1,874 | €5,023 | +€3,148 | +168.0% |
| Cash at bank and in hand | 54/58 | €401,492 | €195,595 | -€205,897 | -51.3% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,676,814 | €1,613,455 | -€63,358 | -3.8% |
| Equity | 10/15 | €354,645 | €373,892 | +€19,246 | +5.4% |
| Contributions | 10/11 | €14,259 | €14,259 | = | 0.0% |
| Revaluation surpluses | 12 | €304,604 | €279,766 | -€24,839 | -8.2% |
| Reserves | 13 | €874,807 | €892,556 | +€17,749 | +2.0% |
| Non-distributable reserves | 130/1 | - | €892,556 | +€892,556 | |
| Reserves not available under the articles | 1311 | - | €892,556 | +€892,556 | |
| Tax-exempt reserves | 132 | €316,827 | - | -€316,827 | |
| Distributable reserves | 133 | €557,980 | - | -€557,980 | |
| Profit (loss) carried forward | 14 | -€839,025 | -€812,689 | +€26,336 | +3.1% |
| Provisions and deferred taxes | 16 | €105,609 | €103,246 | -€2,363 | -2.2% |
| Provisions for liabilities and charges | 160/5 | - | €103,246 | +€103,246 | |
| Pensions and similar obligations | 160 | - | €103,246 | +€103,246 | |
| Deferred taxes | 168 | €105,609 | - | -€105,609 | |
| Amounts payable | 17/49 | €1,216,560 | €1,136,318 | -€80,242 | -6.6% |
| Amounts payable after more than one year | 17 | €16,902 | €14,386 | -€2,516 | -14.9% |
| Advances received on contracts in progress | 176 | - | €1,540 | +€1,540 | |
| Other amounts payable | 178/9 | €16,902 | €12,846 | -€4,056 | -24.0% |
| Amounts payable within one year | 42/48 | €1,199,658 | €1,121,932 | -€77,726 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,672 | +€9,672 | |
| Trade debts | 44 | €4,477 | - | -€4,477 | |
| Suppliers | 440/4 | €4,477 | - | -€4,477 | |
| Other amounts payable | 47/48 | €1,195,180 | €1,112,259 | -€82,921 | -6.9% |
| Turnover | 70 | - | €152,688 | +€152,688 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €33,138 | +€33,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,656 | €87,942 | +€7,286 | +9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,410 | +€17,410 | |
| Other operating charges | 640/8 | €11,368 | - | -€11,368 | |
| Gross operating margin | 9900 | €478,155 | €119,850 | -€358,305 | -74.9% |
| Operating profit (loss) | 9901 | €386,131 | €14,498 | -€371,633 | -96.2% |
| Financial income | 75/76B | €175 | €2,509 | +€2,334 | +1333.2% |
| Recurring financial income | 75 | €175 | €2,509 | +€2,334 | +1333.2% |
| Financial charges | 65/66B | €124 | €124 | -€0 | -0.2% |
| Recurring financial charges | 65 | €124 | €124 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €386,182 | €16,883 | -€369,299 | -95.6% |
| Transfer from deferred taxes | 780 | €512 | €9,452 | +€8,940 | +1745.3% |
| Transfer to deferred taxes | 680 | €105,737 | - | -€105,737 | |
| Profit (loss) for the period | 9904 | €280,957 | €26,336 | -€254,622 | -90.6% |
| Transfer to tax-exempt reserves | 689 | €317,211 | - | -€317,211 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,254 | €26,336 | +€62,590 |
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.