J. HEUSCHEN-CHARLIER: 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.
What changed
J. HEUSCHEN-CHARLIER
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€12,179
2023 · -€41,677+€29,498
Equity
€520,459
2023 · €546,638-€26,179
Cash
€2,166
2023 · €11,937-€9,771
Balance sheet total
€1.2m
2023 · €1.3m-€52,935
Largest movements
Assets
- Tangible fixed assets -€44,364
down €44,364 (-4.3%), from €1.0m to €985,396
Equity and liabilities
- Reserves -€37,479
down €37,479 (-6.4%), from €586,004 to €548,525
of which Tax-exempt reserves: -€23,479
- Accrued charges and deferred income -€15,679
down €15,679 (-87.1%), from €18,000 to €2,321
- Other debts +€14,000
up €14,000 (+14,506%), from €97 to €14,097
Income statement
- Gross operating margin +€26,036
up €26,036 (+70.7%), from €36,824 to €62,860
- Taxes -€7,386
down €7,386 (-100.0%), from €7,389 to €3
- Financial charges +€2,835
up €2,835 (+15.9%), from €17,859 to €20,693
- Financial income -€1,204
down €1,204 (-66.6%), from €1,807 to €603
- Depreciation +€1,138
up €1,138 (+2.0%), from €56,664 to €57,802
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
-€41,677
Gross operating margin
+€26,036
Depreciation
-€1,138
Other operating charges
+€753
Other operating items
+€500
Financial income
-€1,204
Financial charges
-€2,835
Taxes
+€7,386
Result 2024
-€12,179
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€30,176
Investment
-€13,438
Financing
-€26,509
Cash 2023
€11,937
From operations (derived)
+€30,176
Net result for the year
-€12,179
Depreciation
+€57,802
Receivables within one year
-€1,871
Deferred charges and accrued income
+€671
Provisions
-€7,826
Trade debts
-€4,492
Tax, wage and social debts
-€250
Other debts
+€14,000
Accrued charges and deferred income
-€15,679
Investment (derived)
-€13,438
Investment in fixed assets (net)
-€13,438
Financing
-€26,509
Debts after one year
-€5,373
Current portion of long-term debt
-€7,136
Contributions, distributions and other
-€14,000
Cash 2024
€2,166
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,301,874 | €1,248,939 | -€52,935 | -4.1% |
| Fixed assets | 21/28 | €1,029,759 | €985,396 | -€44,364 | -4.3% |
| Tangible fixed assets | 22/27 | €1,029,759 | €985,396 | -€44,364 | -4.3% |
| Land and buildings | 22 | €1,029,759 | €985,396 | -€44,364 | -4.3% |
| Current assets | 29/58 | €272,115 | €263,544 | -€8,571 | -3.1% |
| Amounts receivable after more than one year | 29 | €32,246 | €32,246 | = | 0.0% |
| Other amounts receivable | 291 | €32,246 | €32,246 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €223,703 | €225,574 | +€1,871 | +0.8% |
| Trade receivables | 40 | €223,414 | €224,165 | +€751 | +0.3% |
| Other amounts receivable | 41 | €290 | €1,410 | +€1,120 | +387% |
| Cash at bank and in hand | 54/58 | €11,937 | €2,166 | -€9,771 | -81.9% |
| Deferred charges and accrued income | 490/1 | €4,228 | €3,558 | -€671 | -15.9% |
| Total equity and liabilities | 10/49 | €1,301,874 | €1,248,939 | -€52,935 | -4.1% |
| Equity | 10/15 | €546,638 | €520,459 | -€26,179 | -4.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €586,004 | €548,525 | -€37,479 | -6.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €421,217 | €397,738 | -€23,479 | -5.6% |
| Distributable reserves | 133 | €162,927 | €150,787 | -€12,140 | -7.5% |
| Profit (loss) carried forward | 14 | -€51,766 | -€40,466 | +€11,300 | +21.8% |
| Provisions and deferred taxes | 16 | €140,406 | €132,579 | -€7,826 | -5.6% |
| Deferred taxes | 168 | €140,406 | €132,579 | -€7,826 | -5.6% |
| Amounts payable | 17/49 | €614,830 | €595,901 | -€18,929 | -3.1% |
| Amounts payable after more than one year | 17 | €554,741 | €549,368 | -€5,373 | -1.0% |
| Financial debts | 170/4 | €552,241 | €546,868 | -€5,373 | -1.0% |
| Other amounts payable | 178/9 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,089 | €44,212 | +€2,123 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €36,884 | €29,748 | -€7,136 | -19.3% |
| Trade debts | 44 | €4,859 | €367 | -€4,492 | -92.4% |
| Suppliers | 440/4 | €4,859 | €367 | -€4,492 | -92.4% |
| Taxes, remuneration and social security | 45 | €250 | - | -€250 | |
| Taxes | 450/3 | €250 | - | -€250 | |
| Other amounts payable | 47/48 | €97 | €14,097 | +€14,000 | +14,506% |
| Accrued charges and deferred income | 492/3 | €18,000 | €2,321 | -€15,679 | -87.1% |
| Non-recurring operating income | 76A | €4,138 | - | -€4,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,664 | €57,802 | +€1,138 | +2.0% |
| Other operating charges | 640/8 | €5,723 | €4,971 | -€753 | -13.1% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | €36,824 | €62,860 | +€26,036 | +70.7% |
| Operating profit (loss) | 9901 | -€26,063 | €87 | +€26,150 | |
| Financial income | 75/76B | €1,807 | €603 | -€1,204 | -66.6% |
| Recurring financial income | 75 | €1,807 | €603 | -€1,204 | -66.6% |
| Financial charges | 65/66B | €17,859 | €20,693 | +€2,835 | +15.9% |
| Recurring financial charges | 65 | €17,859 | €20,693 | +€2,835 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | -€42,115 | -€20,003 | +€22,112 | +52.5% |
| Transfer from deferred taxes | 780 | €7,826 | €7,826 | = | 0.0% |
| Income taxes | 67/77 | €7,389 | €3 | -€7,386 | -100.0% |
| Profit (loss) for the period | 9904 | -€41,677 | -€12,179 | +€29,498 | +70.8% |
| Transfer from tax-exempt reserves | 789 | €23,479 | €23,479 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,198 | €11,300 | +€29,498 |
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 31 October 2026 via checked.be.