Exeter III Bruges: 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.
What changed
Exeter III Bruges
NACE 68.321, Property management for co-owned buildings (syndics)
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€86,827
2023 · €185,283-€98,456
Equity
€373,222
2023 · €286,395+€86,827
Cash
€269,749
2023 · €184,147+€85,603
Balance sheet total
€10.9m
2023 · €10.7m+€157,055
Largest movements
Assets
- Receivables within one year +€325,437
up €325,437 (+4.3%), from €7.6m to €7.9m
of which Other amounts receivable: +€589,863
- Tangible fixed assets -€254,299
down €254,299 (-8.8%), from €2.9m to €2.6m
Equity and liabilities
- Other debts +€320,761
up €320,761 (+637.6%), from €50,307 to €371,068
- Accrued charges and deferred income -€208,021
down €208,021 (-72.1%), from €288,335 to €80,314
Income statement
- Taxes -€228,327
down €228,327, from €213,417 to -€14,910
- Turnover -€184,800
down €184,800 (-20.4%), from €904,713 to €719,913
- Financial income -€79,902
down €79,902 (-16.3%), from €488,824 to €408,922
- Services and other goods +€57,874
up €57,874 (+72.5%), from €79,824 to €137,697
- Financial charges +€13,748
up €13,748 (+2.3%), from €587,412 to €601,160
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.
Result 2023
€185,283
Turnover
-€184,800
Other operating income
+€11,547
Services and other goods
-€57,874
Depreciation
-€195
Other operating charges
-€1,810
Financial income
-€79,902
Financial charges
-€13,748
Taxes
+€228,327
Result 2024
€86,827
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.
From operations
+€91,498
Investment
-€5,895
Financing
€0
Cash 2023
€184,147
From operations (derived)
+€91,498
Net result for the year
+€86,827
Depreciation
+€260,194
Receivables within one year
-€325,437
Deferred charges and accrued income
-€314
Trade debts
+€17,773
Tax, wage and social debts
-€60,286
Other debts
+€320,761
Accrued charges and deferred income
-€208,021
Investment (derived)
-€5,895
Investment in fixed assets (net)
-€5,895
Cash 2024
€269,749
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,712,292 | €10,869,347 | +€157,055 | +1.5% |
| Fixed assets | 21/28 | €2,878,315 | €2,624,016 | -€254,299 | -8.8% |
| Tangible fixed assets | 22/27 | €2,878,315 | €2,624,016 | -€254,299 | -8.8% |
| Land and buildings | 22 | €2,878,315 | €2,624,016 | -€254,299 | -8.8% |
| Current assets | 29/58 | €7,833,977 | €8,245,331 | +€411,354 | +5.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €7,573,716 | €7,899,153 | +€325,437 | +4.3% |
| Trade receivables | 40 | €343,154 | €78,728 | -€264,426 | -77.1% |
| Other amounts receivable | 41 | €7,230,562 | €7,820,425 | +€589,863 | +8.2% |
| Cash at bank and in hand | 54/58 | €184,147 | €269,749 | +€85,603 | +46.5% |
| Deferred charges and accrued income | 490/1 | €76,114 | €76,428 | +€314 | +0.4% |
| Total equity and liabilities | 10/49 | €10,712,292 | €10,869,347 | +€157,055 | +1.5% |
| Equity | 10/15 | €286,395 | €373,222 | +€86,827 | +30.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €265,935 | €352,762 | +€86,827 | +32.6% |
| Amounts payable | 17/49 | €10,425,896 | €10,496,124 | +€70,228 | +0.7% |
| Amounts payable after more than one year | 17 | €9,943,006 | €9,943,006 | = | 0.0% |
| Financial debts | 170/4 | €9,943,006 | €9,943,006 | = | 0.0% |
| Credit institutions | 173 | €9,943,006 | €9,943,006 | = | 0.0% |
| Amounts payable within one year | 42/48 | €194,556 | €472,804 | +€278,249 | +143.0% |
| Trade debts | 44 | €22,551 | €40,324 | +€17,773 | +78.8% |
| Suppliers | 440/4 | €22,551 | €40,324 | +€17,773 | +78.8% |
| Taxes, remuneration and social security | 45 | €121,697 | €61,412 | -€60,286 | -49.5% |
| Taxes | 450/3 | €121,697 | €61,412 | -€60,286 | -49.5% |
| Other amounts payable | 47/48 | €50,307 | €371,068 | +€320,761 | +637.6% |
| Accrued charges and deferred income | 492/3 | €288,335 | €80,314 | -€208,021 | -72.1% |
| Operating income | 70/76A | €906,289 | €733,036 | -€173,254 | -19.1% |
| Turnover | 70 | €904,713 | €719,913 | -€184,800 | -20.4% |
| Other operating income | 74 | €1,576 | €13,123 | +€11,547 | +732.5% |
| Operating charges | 60/66A | €409,001 | €468,880 | +€59,879 | +14.6% |
| Services and other goods | 61 | €79,824 | €137,697 | +€57,874 | +72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,999 | €260,194 | +€195 | +0.1% |
| Other operating charges | 640/8 | €69,179 | €70,989 | +€1,810 | +2.6% |
| Operating profit (loss) | 9901 | €497,288 | €264,156 | -€233,132 | -46.9% |
| Financial income | 75/76B | €488,824 | €408,922 | -€79,902 | -16.3% |
| Recurring financial income | 75 | €488,824 | €408,922 | -€79,902 | -16.3% |
| Other financial income | 752/9 | €488,824 | €408,922 | -€79,902 | -16.3% |
| Financial charges | 65/66B | €587,412 | €601,160 | +€13,748 | +2.3% |
| Recurring financial charges | 65 | €587,412 | €601,160 | +€13,748 | +2.3% |
| Debt charges | 650 | €579,507 | €598,746 | +€19,239 | +3.3% |
| Other financial charges | 652/9 | €7,905 | €2,414 | -€5,491 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €398,700 | €71,918 | -€326,782 | -82.0% |
| Income taxes | 67/77 | €213,417 | -€14,910 | -€228,327 | |
| Taxes | 670/3 | €213,417 | €160,823 | -€52,594 | -24.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €175,733 | +€175,733 | |
| Profit (loss) for the period | 9904 | €185,283 | €86,827 | -€98,456 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €185,283 | €86,827 | -€98,456 | -53.1% |
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.