Etienne SENTERRE: 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.
Etienne SENTERRE
Largest movements
- Receivables within one year +€41,023
up €41,023 (+19.7%), from €208,335 to €249,358
of which Trade receivables: +€21,261
- Reserves +€30,000
up €30,000 (+21.3%), from €140,920 to €170,920
of which Distributable reserves: +€30,000
- Short-term financial debts +€5,797
up €5,797 (+37.6%), from €15,435 to €21,232
- Tax, wage and social debts +€4,795
up €4,795 (+24.0%), from €19,941 to €24,736
- Gross operating margin +€36,029
up €36,029 (+470%), from €7,662 to €43,691
- Taxes +€8,948
up €8,948 (+129%), from €6,941 to €15,889
- Financial income +€3,139
up €3,139 (+31.8%), from €9,878 to €13,016
- Depreciation +€968
up €968 (+22.0%), from €4,406 to €5,374
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,013 | €264,758 | +€41,746 | +18.7% |
| Fixed assets | 21/28 | €13,718 | €13,879 | +€161 | +1.2% |
| Tangible fixed assets | 22/27 | €13,718 | €13,879 | +€161 | +1.2% |
| Land and buildings | 22 | €5,597 | €5,293 | -€303 | -5.4% |
| Plant, machinery and equipment | 23 | €5,764 | €4,222 | -€1,542 | -26.7% |
| Furniture and vehicles | 24 | €2,358 | €4,364 | +€2,006 | +85.1% |
| Current assets | 29/58 | €209,295 | €250,879 | +€41,584 | +19.9% |
| Amounts receivable within one year | 40/41 | €208,335 | €249,358 | +€41,023 | +19.7% |
| Trade receivables | 40 | €939 | €22,200 | +€21,261 | +2,265% |
| Other amounts receivable | 41 | €207,397 | €227,158 | +€19,762 | +9.5% |
| Deferred charges and accrued income | 490/1 | €960 | €1,521 | +€561 | +58.5% |
| Total equity and liabilities | 10/49 | €223,013 | €264,758 | +€41,746 | +18.7% |
| Equity | 10/15 | €182,957 | €213,887 | +€30,930 | +16.9% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Reserves | 13 | €140,920 | €170,920 | +€30,000 | +21.3% |
| Non-distributable reserves | 130/1 | €1,920 | €1,920 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,920 | €1,920 | = | 0.0% |
| Distributable reserves | 133 | €139,000 | €169,000 | +€30,000 | +21.6% |
| Profit (loss) carried forward | 14 | €22,837 | €23,767 | +€930 | +4.1% |
| Amounts payable | 17/49 | €40,056 | €50,871 | +€10,816 | +27.0% |
| Amounts payable within one year | 42/48 | €40,056 | €50,722 | +€10,667 | +26.6% |
| Financial debts | 43 | €15,435 | €21,232 | +€5,797 | +37.6% |
| Credit institutions | 430/8 | €15,435 | €21,232 | +€5,797 | +37.6% |
| Trade debts | 44 | €4,680 | €4,754 | +€75 | +1.6% |
| Suppliers | 440/4 | €4,680 | €4,754 | +€75 | +1.6% |
| Taxes, remuneration and social security | 45 | €19,941 | €24,736 | +€4,795 | +24.0% |
| Taxes | 450/3 | €19,941 | €24,736 | +€4,795 | +24.0% |
| Accrued charges and deferred income | 492/3 | - | €149 | +€149 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,406 | €5,374 | +€968 | +22.0% |
| Other operating charges | 640/8 | €763 | €912 | +€149 | +19.5% |
| Gross operating margin | 9900 | €7,662 | €43,691 | +€36,029 | +470% |
| Operating profit (loss) | 9901 | €2,493 | €37,405 | +€34,912 | +1,400% |
| Financial income | 75/76B | €9,878 | €13,016 | +€3,139 | +31.8% |
| Recurring financial income | 75 | €9,878 | €13,016 | +€3,139 | +31.8% |
| Financial charges | 65/66B | €3,737 | €3,603 | -€134 | -3.6% |
| Recurring financial charges | 65 | €3,737 | €3,603 | -€134 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €8,634 | €46,819 | +€38,185 | +442% |
| Income taxes | 67/77 | €6,941 | €15,889 | +€8,948 | +129% |
| Profit (loss) for the period | 9904 | €1,693 | €30,930 | +€29,237 | +1,727% |
| Profit (loss) for the period to be appropriated | 9905 | €1,693 | €30,930 | +€29,237 | +1,727% |
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.