Ghislain LEGER: 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.
Ghislain LEGER
Largest movements
- Receivables within one year -€8,826
down €8,826 (-23.3%), from €37,845 to €29,019
of which Other amounts receivable: -€7,746
- Cash +€6,764
up €6,764 (+48.1%), from €14,058 to €20,822
mainly Receivables within one year (+€8,826) and Net result for the year (+€7,730)
- Stocks and contracts -€4,209
down €4,209 (-48.5%), from €8,687 to €4,478
- Tangible fixed assets -€3,855
down €3,855 (-78.8%), from €4,895 to €1,040
- Deferred charges and accrued income +€2,765
up €2,765 (+848%), from €326 to €3,091
- Tax, wage and social debts -€8,124
down €8,124 (-36.8%), from €22,055 to €13,931
of which Taxes: -€6,288
- Profit (loss) carried forward +€7,730
up €7,730 (+63.6%), from €12,158 to €19,888
- Current portion of long-term debt -€6,080
down €6,080 (-85.6%), from €7,106 to €1,026
- Trade debts -€913
down €913 (-3.8%), from €23,845 to €22,932
- Staff costs -€49,363
down €49,363 (-52.3%), from €94,429 to €45,066
- Gross operating margin -€39,437
down €39,437 (-39.3%), from €100,229 to €60,793
- Depreciation -€4,502
down €4,502 (-53.8%), from €8,372 to €3,870
- Taxes +€3,009
new in 2024: €3,009
- Financial income +€1,990
up €1,990 (+268%), from €743 to €2,733
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 | €66,164 | €58,788 | -€7,376 | -11.1% |
| Fixed assets | 21/28 | €5,250 | €1,380 | -€3,870 | -73.7% |
| Intangible fixed assets | 21 | €95 | €80 | -€15 | -15.8% |
| Tangible fixed assets | 22/27 | €4,895 | €1,040 | -€3,855 | -78.8% |
| Furniture and vehicles | 24 | €4,895 | €1,040 | -€3,855 | -78.8% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €60,915 | €57,409 | -€3,506 | -5.8% |
| Stocks and contracts in progress | 3 | €8,687 | €4,478 | -€4,209 | -48.5% |
| Stocks | 30/36 | €8,687 | €4,478 | -€4,209 | -48.5% |
| Amounts receivable within one year | 40/41 | €37,845 | €29,019 | -€8,826 | -23.3% |
| Trade receivables | 40 | €8,687 | €7,607 | -€1,080 | -12.4% |
| Other amounts receivable | 41 | €29,158 | €21,412 | -€7,746 | -26.6% |
| Cash at bank and in hand | 54/58 | €14,058 | €20,822 | +€6,764 | +48.1% |
| Deferred charges and accrued income | 490/1 | €326 | €3,091 | +€2,765 | +848% |
| Total equity and liabilities | 10/49 | €66,164 | €58,788 | -€7,376 | -11.1% |
| Equity | 10/15 | €13,158 | €20,888 | +€7,730 | +58.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,158 | €19,888 | +€7,730 | +63.6% |
| Amounts payable | 17/49 | €53,006 | €37,900 | -€15,106 | -28.5% |
| Amounts payable within one year | 42/48 | €53,006 | €37,889 | -€15,117 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €7,106 | €1,026 | -€6,080 | -85.6% |
| Trade debts | 44 | €23,845 | €22,932 | -€913 | -3.8% |
| Suppliers | 440/4 | €23,845 | €22,932 | -€913 | -3.8% |
| Taxes, remuneration and social security | 45 | €22,055 | €13,931 | -€8,124 | -36.8% |
| Taxes | 450/3 | €15,969 | €9,681 | -€6,288 | -39.4% |
| Remuneration and social security | 454/9 | €6,086 | €4,250 | -€1,836 | -30.2% |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Remuneration, social security and pensions | 62 | €94,429 | €45,066 | -€49,363 | -52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,372 | €3,870 | -€4,502 | -53.8% |
| Other operating charges | 640/8 | €2,474 | €1,478 | -€996 | -40.3% |
| Gross operating margin | 9900 | €100,229 | €60,793 | -€39,437 | -39.3% |
| Operating profit (loss) | 9901 | -€5,046 | €10,378 | +€15,424 | |
| Financial income | 75/76B | €743 | €2,733 | +€1,990 | +268% |
| Recurring financial income | 75 | €743 | €2,733 | +€1,990 | +268% |
| Financial charges | 65/66B | €1,969 | €2,372 | +€403 | +20.5% |
| Recurring financial charges | 65 | €1,836 | €2,372 | +€537 | +29.2% |
| Non-recurring financial charges | 66B | €133 | - | -€133 | |
| Profit (loss) for the period before taxes | 9903 | -€6,272 | €10,738 | +€17,011 | |
| Income taxes | 67/77 | - | €3,009 | +€3,009 | |
| Profit (loss) for the period | 9904 | -€6,272 | €7,730 | +€14,002 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,272 | €7,730 | +€14,002 |
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 20 October 2026 via checked.be.