Le Souverain: 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.
Le Souverain
Largest movements
- Tangible fixed assets +€419,811
up €419,811 (+266445.4%), from €158 to €419,969
of which Land and buildings: +€419,969
- Receivables within one year -€225,000
down €225,000 (-62.4%), from €360,485 to €135,485
- Cash -€73,669
down €73,669 (-55.9%), from €131,881 to €58,212
mainly Investment in fixed assets (net) (-€420,000) and Provisions (-€2,976)
- Other debts +€70,000
new in 2024: €70,000
- Reserves +€50,686
up €50,686 (+13.7%), from €369,075 to €419,760
of which Distributable reserves: +€59,615
- Write-downs -€19,707
down €19,707 (-128.9%), from -€15,293 to -€35,000
- Taxes +€6,568
up €6,568 (+49.4%), from €13,303 to €19,872
- Gross operating margin +€1,230
up €1,230 (+3.8%), from €32,326 to €33,556
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 | €492,600 | €613,666 | +€121,066 | +24.6% |
| Fixed assets | 21/28 | €158 | €419,969 | +€419,811 | +266445.4% |
| Tangible fixed assets | 22/27 | €158 | €419,969 | +€419,811 | +266445.4% |
| Land and buildings | 22 | - | €419,969 | +€419,969 | |
| Furniture and vehicles | 24 | €158 | - | -€158 | |
| Current assets | 29/58 | €492,443 | €193,697 | -€298,746 | -60.7% |
| Amounts receivable within one year | 40/41 | €360,485 | €135,485 | -€225,000 | -62.4% |
| Other amounts receivable | 41 | €360,485 | €135,485 | -€225,000 | -62.4% |
| Current investments | 50/53 | €77 | - | -€77 | |
| Cash at bank and in hand | 54/58 | €131,881 | €58,212 | -€73,669 | -55.9% |
| Total equity and liabilities | 10/49 | €492,600 | €613,666 | +€121,066 | +24.6% |
| Equity | 10/15 | €400,111 | €450,797 | +€50,686 | +12.7% |
| Contributions | 10/11 | €31,036 | €31,036 | = | 0.0% |
| Reserves | 13 | €369,075 | €419,760 | +€50,686 | +13.7% |
| Non-distributable reserves | 130/1 | €3,104 | €3,104 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,104 | €3,104 | = | 0.0% |
| Tax-exempt reserves | 132 | €261,822 | €252,893 | -€8,929 | -3.4% |
| Distributable reserves | 133 | €104,149 | €163,764 | +€59,615 | +57.2% |
| Provisions and deferred taxes | 16 | €87,274 | €84,298 | -€2,976 | -3.4% |
| Deferred taxes | 168 | €87,274 | €84,298 | -€2,976 | -3.4% |
| Amounts payable | 17/49 | €5,215 | €78,572 | +€73,356 | +1406.6% |
| Amounts payable within one year | 42/48 | €5,215 | €78,572 | +€73,356 | +1406.6% |
| Taxes, remuneration and social security | 45 | €5,215 | €8,572 | +€3,356 | +64.4% |
| Taxes | 450/3 | €5,215 | €8,572 | +€3,356 | +64.4% |
| Other amounts payable | 47/48 | - | €70,000 | +€70,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €483 | €189 | -€295 | -61.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,293 | -€35,000 | -€19,707 | -128.9% |
| Other operating charges | 640/8 | €721 | €451 | -€270 | -37.4% |
| Gross operating margin | 9900 | €32,326 | €33,556 | +€1,230 | +3.8% |
| Operating profit (loss) | 9901 | €46,415 | €67,916 | +€21,502 | +46.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €365 | €335 | -€30 | -8.2% |
| Recurring financial charges | 65 | €365 | €335 | -€30 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €46,050 | €67,581 | +€21,531 | +46.8% |
| Transfer from deferred taxes | 780 | €2,976 | €2,976 | = | 0.0% |
| Income taxes | 67/77 | €13,303 | €19,872 | +€6,568 | +49.4% |
| Profit (loss) for the period | 9904 | €35,723 | €50,686 | +€14,963 | +41.9% |
| Transfer from tax-exempt reserves | 789 | €8,929 | €8,929 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,652 | €59,615 | +€14,963 | +33.5% |
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 11 October 2026 via checked.be.