Jérôme GRIBOMONT: 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.
Jérôme GRIBOMONT
Largest movements
- Tangible fixed assets -€37,755
down €37,755 (-3.3%), from €1.1m to €1.1m
of which Land and buildings: -€34,564
- Cash -€16,170
down €16,170 (-83.1%), from €19,449 to €3,278
mainly Debts after one year (-€89,776) and Current portion of long-term debt (-€17,429)
- Debts after one year -€89,776
down €89,776 (-10.6%), from €849,119 to €759,342
of which Financial debts: -€85,976
- Profit (loss) carried forward +€58,256
up €58,256 (+42.0%), from €138,838 to €197,094
- Current portion of long-term debt -€17,429
down €17,429 (-16.5%), from €105,642 to €88,213
- Gross operating margin +€70,979
up €70,979 (+21.4%), from €331,979 to €402,959
- Staff costs +€37,338
up €37,338 (+16.0%), from €233,284 to €270,622
- Taxes +€5,339
up €5,339 (+52.2%), from -€10,236 to -€4,897
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 | €1,242,530 | €1,188,559 | -€53,971 | -4.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,146,010 | €1,108,255 | -€37,755 | -3.3% |
| Tangible fixed assets | 22/27 | €1,141,439 | €1,103,684 | -€37,755 | -3.3% |
| Land and buildings | 22 | €1,044,517 | €1,009,953 | -€34,564 | -3.3% |
| Plant, machinery and equipment | 23 | €91,529 | €93,731 | +€2,202 | +2.4% |
| Furniture and vehicles | 24 | €5,393 | - | -€5,393 | |
| Financial fixed assets | 28 | €4,571 | €4,571 | = | 0.0% |
| Current assets | 29/58 | €96,520 | €80,304 | -€16,216 | -16.8% |
| Stocks and contracts in progress | 3 | €61,466 | €58,125 | -€3,342 | -5.4% |
| Stocks | 30/36 | €61,466 | €58,125 | -€3,342 | -5.4% |
| Amounts receivable within one year | 40/41 | €2,130 | €5,286 | +€3,156 | +148% |
| Trade receivables | 40 | €2,130 | €2,356 | +€226 | +10.6% |
| Other amounts receivable | 41 | €0 | €2,930 | +€2,930 | |
| Cash at bank and in hand | 54/58 | €19,449 | €3,278 | -€16,170 | -83.1% |
| Deferred charges and accrued income | 490/1 | €13,474 | €13,615 | +€140 | +1.0% |
| Total equity and liabilities | 10/49 | €1,242,530 | €1,188,559 | -€53,971 | -4.3% |
| Equity | 10/15 | €224,038 | €282,294 | +€58,256 | +26.0% |
| Contributions | 10/11 | €82,000 | €82,000 | = | 0.0% |
| Reserves | 13 | €3,200 | €3,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,200 | €3,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,200 | €3,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,838 | €197,094 | +€58,256 | +42.0% |
| Amounts payable | 17/49 | €1,018,492 | €906,264 | -€112,228 | -11.0% |
| Amounts payable after more than one year | 17 | €849,119 | €759,342 | -€89,776 | -10.6% |
| Financial debts | 170/4 | €766,894 | €680,917 | -€85,976 | -11.2% |
| Other amounts payable | 178/9 | €82,225 | €78,425 | -€3,800 | -4.6% |
| Amounts payable within one year | 42/48 | €169,373 | €146,922 | -€22,451 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €105,642 | €88,213 | -€17,429 | -16.5% |
| Trade debts | 44 | €33,958 | €22,960 | -€10,997 | -32.4% |
| Suppliers | 440/4 | €33,958 | €22,960 | -€10,997 | -32.4% |
| Taxes, remuneration and social security | 45 | €29,774 | €35,749 | +€5,975 | +20.1% |
| Taxes | 450/3 | €1,850 | €0 | -€1,850 | -100% |
| Remuneration and social security | 454/9 | €27,924 | €35,749 | +€7,825 | +28.0% |
| Remuneration, social security and pensions | 62 | €233,284 | €270,622 | +€37,338 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,909 | €54,283 | +€374 | +0.7% |
| Other operating charges | 640/8 | €6,156 | €6,421 | +€265 | +4.3% |
| Gross operating margin | 9900 | €331,979 | €402,959 | +€70,979 | +21.4% |
| Operating profit (loss) | 9901 | €38,630 | €71,633 | +€33,003 | +85.4% |
| Financial income | 75/76B | €280 | €0 | -€279 | -100.0% |
| Recurring financial income | 75 | €280 | €0 | -€279 | -100.0% |
| Financial charges | 65/66B | €16,963 | €18,274 | +€1,311 | +7.7% |
| Recurring financial charges | 65 | €16,963 | €18,272 | +€1,309 | +7.7% |
| Non-recurring financial charges | 66B | - | €2 | +€2 | |
| Profit (loss) for the period before taxes | 9903 | €21,947 | €53,359 | +€31,412 | +143% |
| Income taxes | 67/77 | -€10,236 | -€4,897 | +€5,339 | +52.2% |
| Profit (loss) for the period | 9904 | €32,183 | €58,256 | +€26,073 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,183 | €58,256 | +€26,073 | +81.0% |
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 24 October 2026 via checked.be.