LABEL PROPRIETE: 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.
LABEL PROPRIETE
Largest movements
- Tangible fixed assets +€89,501
up €89,501 (+24.0%), from €372,376 to €461,878
of which Land and buildings: +€103,159
- Cash -€67,390
down €67,390 (-29.4%), from €229,193 to €161,803
mainly Investment in fixed assets (net) (-€135,873) and Receivables within one year (-€61,331)
- Receivables within one year +€61,331
up €61,331 (+167%), from €36,800 to €98,130
of which Other amounts receivable: +€74,141
- Debts after one year +€71,476
up €71,476 (+31.4%), from €227,358 to €298,834
- Other debts -€46,076
down €46,076 (-60.6%), from €76,006 to €29,930
- Reserves +€33,500
up €33,500 (+1,801%), from €1,860 to €35,360
- Trade debts +€14,041
up €14,041 (+89.2%), from €15,733 to €29,774
- Tax, wage and social debts +€10,755
up €10,755 (+30.5%), from €35,207 to €45,962
of which Taxes: +€9,115
- Other operating charges -€6,980
down €6,980 (-55.0%), from €12,692 to €5,712
- Gross operating margin +€4,522
up €4,522 (+3.5%), from €130,021 to €134,543
- Taxes +€3,999
up €3,999 (+28.6%), from €14,004 to €18,003
- Financial income +€3,278
up €3,278 (+416%), from €789 to €4,067
of which Non-recurring financial income: +€1,936
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 | €638,650 | €724,197 | +€85,547 | +13.4% |
| Fixed assets | 21/28 | €372,574 | €462,076 | +€89,501 | +24.0% |
| Tangible fixed assets | 22/27 | €372,376 | €461,878 | +€89,501 | +24.0% |
| Land and buildings | 22 | €308,840 | €411,999 | +€103,159 | +33.4% |
| Plant, machinery and equipment | 23 | €25,461 | €15,778 | -€9,683 | -38.0% |
| Furniture and vehicles | 24 | €38,075 | €34,101 | -€3,974 | -10.4% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €266,076 | €262,121 | -€3,955 | -1.5% |
| Amounts receivable within one year | 40/41 | €36,800 | €98,130 | +€61,331 | +167% |
| Trade receivables | 40 | €22,360 | €9,550 | -€12,810 | -57.3% |
| Other amounts receivable | 41 | €14,440 | €88,581 | +€74,141 | +513% |
| Cash at bank and in hand | 54/58 | €229,193 | €161,803 | -€67,390 | -29.4% |
| Deferred charges and accrued income | 490/1 | €83 | €2,188 | +€2,105 | +2,549% |
| Total equity and liabilities | 10/49 | €638,650 | €724,197 | +€85,547 | +13.4% |
| Equity | 10/15 | €191,916 | €225,949 | +€34,034 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €35,360 | +€33,500 | +1,801% |
| Non-distributable reserves | 130/1 | €1,860 | €35,360 | +€33,500 | +1,801% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | - | €33,500 | +€33,500 | |
| Profit (loss) carried forward | 14 | €171,456 | €171,989 | +€534 | +0.3% |
| Provisions and deferred taxes | 16 | €66,224 | €66,224 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €66,224 | €66,224 | = | 0.0% |
| Other liabilities and charges | 164/5 | €66,224 | €66,224 | = | 0.0% |
| Amounts payable | 17/49 | €380,511 | €432,024 | +€51,513 | +13.5% |
| Amounts payable after more than one year | 17 | €227,358 | €298,834 | +€71,476 | +31.4% |
| Financial debts | 170/4 | €227,358 | €298,834 | +€71,476 | +31.4% |
| Amounts payable within one year | 42/48 | €153,153 | €133,190 | -€19,963 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €26,207 | €27,524 | +€1,317 | +5.0% |
| Trade debts | 44 | €15,733 | €29,774 | +€14,041 | +89.2% |
| Suppliers | 440/4 | €15,733 | €29,774 | +€14,041 | +89.2% |
| Taxes, remuneration and social security | 45 | €35,207 | €45,962 | +€10,755 | +30.5% |
| Taxes | 450/3 | €33,457 | €42,572 | +€9,115 | +27.2% |
| Remuneration and social security | 454/9 | €1,750 | €3,390 | +€1,640 | +93.7% |
| Other amounts payable | 47/48 | €76,006 | €29,930 | -€46,076 | -60.6% |
| Remuneration, social security and pensions | 62 | €26,858 | €26,573 | -€285 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,656 | €46,371 | +€715 | +1.6% |
| Other operating charges | 640/8 | €12,692 | €5,712 | -€6,980 | -55.0% |
| Gross operating margin | 9900 | €130,021 | €134,543 | +€4,522 | +3.5% |
| Operating profit (loss) | 9901 | €44,815 | €55,886 | +€11,071 | +24.7% |
| Financial income | 75/76B | €789 | €4,067 | +€3,278 | +416% |
| Recurring financial income | 75 | €39 | €1,381 | +€1,342 | +3,470% |
| Non-recurring financial income | 76B | €750 | €2,686 | +€1,936 | +258% |
| Financial charges | 65/66B | €7,910 | €7,916 | +€6 | +0.1% |
| Recurring financial charges | 65 | €7,910 | €7,916 | +€6 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €37,693 | €52,037 | +€14,344 | +38.1% |
| Income taxes | 67/77 | €14,004 | €18,003 | +€3,999 | +28.6% |
| Profit (loss) for the period | 9904 | €23,689 | €34,034 | +€10,345 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,689 | €34,034 | +€10,345 | +43.7% |
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 30 October 2026 via checked.be.