LES SECRETS DU LIBAN: 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.
LES SECRETS DU LIBAN
Largest movements
- Stocks and contracts +€36,232
up €36,232 (+96.1%), from €37,722 to €73,954
- Receivables within one year -€20,543
down €20,543 (-35.8%), from €57,427 to €36,884
of which Other amounts receivable: -€12,926
- Cash +€1,642
up €1,642 (+45.4%), from €3,617 to €5,259
mainly Short-term financial debts (+€33,793) and Receivables within one year (+€20,543)
- Short-term financial debts +€33,793
up €33,793 (+109%), from €30,966 to €64,759
of which Other loans: +€41,600
- Tax, wage and social debts -€17,556
down €17,556 (-76.6%), from €22,932 to €5,376
of which Remuneration and social security: -€10,681
- Profit (loss) carried forward -€1,766
down €1,766 (-5.2%), from €34,208 to €32,442
- Purchases and services +€238,438
new in 2024: €238,438
- Turnover -€20,290
down €20,290 (-7.3%), from €276,710 to €256,420
- Gross operating margin -€12,313
down €12,313 (-40.6%), from €30,295 to €17,982
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 | €104,426 | €120,959 | +€16,533 | +15.8% |
| Fixed assets | 21/28 | €5,660 | €4,862 | -€798 | -14.1% |
| Tangible fixed assets | 22/27 | €5,660 | €4,862 | -€798 | -14.1% |
| Land and buildings | 22 | €5,660 | €4,484 | -€1,176 | -20.8% |
| Furniture and vehicles | 24 | €0 | €378 | +€378 | |
| Current assets | 29/58 | €98,766 | €116,097 | +€17,331 | +17.5% |
| Stocks and contracts in progress | 3 | €37,722 | €73,954 | +€36,232 | +96.1% |
| Stocks | 30/36 | €37,722 | €73,954 | +€36,232 | +96.1% |
| Amounts receivable within one year | 40/41 | €57,427 | €36,884 | -€20,543 | -35.8% |
| Trade receivables | 40 | €12,875 | €5,258 | -€7,617 | -59.2% |
| Other amounts receivable | 41 | €44,552 | €31,626 | -€12,926 | -29.0% |
| Cash at bank and in hand | 54/58 | €3,617 | €5,259 | +€1,642 | +45.4% |
| Total equity and liabilities | 10/49 | €104,426 | €120,959 | +€16,533 | +15.8% |
| Equity | 10/15 | €42,268 | €40,502 | -€1,766 | -4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,208 | €32,442 | -€1,766 | -5.2% |
| Amounts payable | 17/49 | €62,158 | €80,457 | +€18,299 | +29.4% |
| Amounts payable within one year | 42/48 | €54,958 | €72,057 | +€17,099 | +31.1% |
| Financial debts | 43 | €30,966 | €64,759 | +€33,793 | +109% |
| Credit institutions | 430/8 | €22,566 | €14,759 | -€7,807 | -34.6% |
| Other loans | 439 | €8,400 | €50,000 | +€41,600 | +495% |
| Trade debts | 44 | €1,060 | €1,708 | +€648 | +61.1% |
| Suppliers | 440/4 | €1,060 | €1,708 | +€648 | +61.1% |
| Taxes, remuneration and social security | 45 | €22,932 | €5,376 | -€17,556 | -76.6% |
| Taxes | 450/3 | €9,600 | €2,725 | -€6,875 | -71.6% |
| Remuneration and social security | 454/9 | €13,332 | €2,651 | -€10,681 | -80.1% |
| Other amounts payable | 47/48 | - | €214 | +€214 | |
| Accrued charges and deferred income | 492/3 | €7,200 | €8,400 | +€1,200 | +16.7% |
| Turnover | 70 | €276,710 | €256,420 | -€20,290 | -7.3% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €238,438 | +€238,438 | |
| Remuneration, social security and pensions | 62 | €7,875 | €8,249 | +€374 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,953 | €671 | -€1,282 | -65.6% |
| Other operating charges | 640/8 | €1,122 | €2,689 | +€1,567 | +140% |
| Gross operating margin | 9900 | €30,295 | €17,982 | -€12,313 | -40.6% |
| Operating profit (loss) | 9901 | €19,345 | €6,373 | -€12,972 | -67.1% |
| Financial charges | 65/66B | €2,899 | €3,377 | +€478 | +16.5% |
| Recurring financial charges | 65 | €2,899 | €3,377 | +€478 | +16.5% |
| Non-recurring financial charges | 66B | €2,899 | €3,377 | +€478 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €16,446 | €2,996 | -€13,450 | -81.8% |
| Income taxes | 67/77 | €7,500 | €4,762 | -€2,738 | -36.5% |
| Profit (loss) for the period | 9904 | €8,946 | -€1,766 | -€10,712 | |
| Transfer to tax-exempt reserves | 689 | €1,860 | - | -€1,860 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,086 | -€1,766 | -€8,852 |
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 16 October 2026 via checked.be.