LE CERCLE: 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 CERCLE
Largest movements
- Receivables within one year -€3,001
down €3,001 (-3.1%), from €95,920 to €92,919
of which Trade receivables: -€4,272
- Cash +€2,975
up €2,975 (+5.3%), from €56,489 to €59,464
mainly Net result for the year (+€12,576) and Receivables within one year (+€3,001)
- Profit (loss) carried forward +€12,576
up €12,576 (+15.0%), from €83,789 to €96,365
- Debts after one year -€7,335
no longer reported in 2024 (was €7,335)
- Current portion of long-term debt -€2,303
down €2,303 (-23.9%), from €9,637 to €7,335
- Gross operating margin +€11,979
up €11,979 (+228.1%), from €5,252 to €17,231
- Other operating charges -€2,110
down €2,110 (-51.8%), from €4,073 to €1,964
- Financial charges -€1,459
down €1,459 (-71.6%), from €2,038 to €579
- Depreciation -€518
down €518 (-22.9%), from €2,268 to €1,750
- Financial income +€303
up €303 (+10086.7%), from €3 to €306
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 | €162,158 | €162,931 | +€773 | +0.5% |
| Fixed assets | 21/28 | €6,131 | €7,368 | +€1,237 | +20.2% |
| Tangible fixed assets | 22/27 | €2,499 | €3,736 | +€1,237 | +49.5% |
| Land and buildings | 22 | €791 | €2,773 | +€1,982 | +250.4% |
| Furniture and vehicles | 24 | €1,708 | €963 | -€745 | -43.6% |
| Financial fixed assets | 28 | €3,632 | €3,632 | = | 0.0% |
| Current assets | 29/58 | €156,026 | €155,563 | -€464 | -0.3% |
| Stocks and contracts in progress | 3 | €2,319 | €2,420 | +€101 | +4.4% |
| Stocks | 30/36 | €2,319 | €2,420 | +€101 | +4.4% |
| Amounts receivable within one year | 40/41 | €95,920 | €92,919 | -€3,001 | -3.1% |
| Trade receivables | 40 | €4,272 | - | -€4,272 | |
| Other amounts receivable | 41 | €91,648 | €92,919 | +€1,271 | +1.4% |
| Cash at bank and in hand | 54/58 | €56,489 | €59,464 | +€2,975 | +5.3% |
| Deferred charges and accrued income | 490/1 | €1,299 | €760 | -€539 | -41.5% |
| Total equity and liabilities | 10/49 | €162,158 | €162,931 | +€773 | +0.5% |
| Equity | 10/15 | €131,804 | €144,381 | +€12,576 | +9.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €41,818 | €41,818 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €39,959 | €39,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,789 | €96,365 | +€12,576 | +15.0% |
| Amounts payable | 17/49 | €30,353 | €18,550 | -€11,803 | -38.9% |
| Amounts payable after more than one year | 17 | €7,335 | - | -€7,335 | |
| Financial debts | 170/4 | €7,335 | - | -€7,335 | |
| Amounts payable within one year | 42/48 | €23,019 | €18,550 | -€4,468 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €9,637 | €7,335 | -€2,303 | -23.9% |
| Trade debts | 44 | €5,919 | €4,336 | -€1,583 | -26.7% |
| Suppliers | 440/4 | €5,919 | €4,336 | -€1,583 | -26.7% |
| Taxes, remuneration and social security | 45 | €7,462 | €6,879 | -€583 | -7.8% |
| Taxes | 450/3 | €7,462 | €6,879 | -€583 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,268 | €1,750 | -€518 | -22.9% |
| Other operating charges | 640/8 | €4,073 | €1,964 | -€2,110 | -51.8% |
| Gross operating margin | 9900 | €5,252 | €17,231 | +€11,979 | +228.1% |
| Operating profit (loss) | 9901 | -€1,090 | €13,518 | +€14,608 | |
| Financial income | 75/76B | €3 | €306 | +€303 | +10086.7% |
| Recurring financial income | 75 | €3 | €306 | +€303 | +10086.7% |
| Financial charges | 65/66B | €2,038 | €579 | -€1,459 | -71.6% |
| Recurring financial charges | 65 | €2,038 | €579 | -€1,459 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,125 | €13,244 | +€16,369 | |
| Income taxes | 67/77 | €594 | €668 | +€73 | +12.4% |
| Profit (loss) for the period | 9904 | -€3,719 | €12,576 | +€16,295 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,719 | €12,576 | +€16,295 |
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 2 October 2026 via checked.be.