Le Bain: 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.
Le Bain
Largest movements
- Receivables within one year +€116,352
up €116,352 (+839.7%), from €13,857 to €130,209
of which Trade receivables: +€110,569
- Cash -€70,948
down €70,948 (-42.6%), from €166,576 to €95,628
mainly Receivables within one year (-€116,352) and Debts after one year (-€26,288)
- Stocks and contracts -€44,542
down €44,542 (-65.2%), from €68,300 to €23,758
of which Contracts in progress: -€47,000
- Tangible fixed assets -€24,421
down €24,421 (-5.1%), from €480,116 to €455,694
of which Furniture and vehicles: -€12,358
- Debts after one year -€26,288
down €26,288 (-8.4%), from €313,841 to €287,554
- Reserves +€23,842
up €23,842 (+8.8%), from €269,590 to €293,432
of which Distributable reserves: +€25,702
- Trade debts -€21,480
down €21,480 (-22.6%), from €94,888 to €73,408
- Gross operating margin +€27,698
up €27,698 (+52.2%), from €53,040 to €80,739
- Depreciation +€8,176
up €8,176 (+38.6%), from €21,175 to €29,351
- Financial charges +€5,527
up €5,527 (+49.0%), from €11,277 to €16,803
- Taxes +€5,056
up €5,056 (+171.7%), from €2,944 to €8,000
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €728,849 | €706,221 | -€22,628 | -3.1% |
| Fixed assets | 21/28 | €480,116 | €455,694 | -€24,421 | -5.1% |
| Tangible fixed assets | 22/27 | €480,116 | €455,694 | -€24,421 | -5.1% |
| Land and buildings | 22 | €416,074 | €404,653 | -€11,421 | -2.7% |
| Plant, machinery and equipment | 23 | €6,721 | €6,078 | -€642 | -9.6% |
| Furniture and vehicles | 24 | €57,321 | €44,963 | -€12,358 | -21.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €248,733 | €250,527 | +€1,793 | +0.7% |
| Stocks and contracts in progress | 3 | €68,300 | €23,758 | -€44,542 | -65.2% |
| Stocks | 30/36 | €21,300 | €23,758 | +€2,458 | +11.5% |
| Contracts in progress | 37 | €47,000 | - | -€47,000 | |
| Amounts receivable within one year | 40/41 | €13,857 | €130,209 | +€116,352 | +839.7% |
| Trade receivables | 40 | €13,857 | €124,426 | +€110,569 | +797.9% |
| Other amounts receivable | 41 | - | €5,782 | +€5,782 | |
| Cash at bank and in hand | 54/58 | €166,576 | €95,628 | -€70,948 | -42.6% |
| Deferred charges and accrued income | 490/1 | - | €931 | +€931 | |
| Total equity and liabilities | 10/49 | €728,849 | €706,221 | -€22,628 | -3.1% |
| Equity | 10/15 | €275,790 | €299,632 | +€23,842 | +8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €269,590 | €293,432 | +€23,842 | +8.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €267,730 | €293,432 | +€25,702 | +9.6% |
| Amounts payable | 17/49 | €453,059 | €406,588 | -€46,470 | -10.3% |
| Amounts payable after more than one year | 17 | €313,841 | €287,554 | -€26,288 | -8.4% |
| Financial debts | 170/4 | €313,841 | €287,554 | -€26,288 | -8.4% |
| Amounts payable within one year | 42/48 | €139,217 | €119,034 | -€20,183 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €25,400 | €26,288 | +€887 | +3.5% |
| Trade debts | 44 | €94,888 | €73,408 | -€21,480 | -22.6% |
| Suppliers | 440/4 | €94,888 | €73,408 | -€21,480 | -22.6% |
| Taxes, remuneration and social security | 45 | €8,012 | €11,000 | +€2,988 | +37.3% |
| Taxes | 450/3 | €8,012 | €11,000 | +€2,988 | +37.3% |
| Other amounts payable | 47/48 | €10,917 | €8,339 | -€2,579 | -23.6% |
| Non-recurring operating income | 76A | €4,500 | - | -€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,175 | €29,351 | +€8,176 | +38.6% |
| Other operating charges | 640/8 | €4,152 | €4,186 | +€34 | +0.8% |
| Non-recurring operating charges | 66A | €10,696 | - | -€10,696 | |
| Gross operating margin | 9900 | €53,040 | €80,739 | +€27,698 | +52.2% |
| Operating profit (loss) | 9901 | €17,017 | €47,202 | +€30,185 | +177.4% |
| Financial income | 75/76B | €1,558 | €1,444 | -€114 | -7.3% |
| Recurring financial income | 75 | €1,558 | €1,444 | -€114 | -7.3% |
| Financial charges | 65/66B | €11,277 | €16,803 | +€5,527 | +49.0% |
| Recurring financial charges | 65 | €11,277 | €16,803 | +€5,527 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | €7,298 | €31,842 | +€24,545 | +336.3% |
| Income taxes | 67/77 | €2,944 | €8,000 | +€5,056 | +171.7% |
| Profit (loss) for the period | 9904 | €4,354 | €23,842 | +€19,489 | +447.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,354 | €23,842 | +€19,489 | +447.7% |
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 4 October 2026 via checked.be.