LUC BOON et FRERES: what changed
What changed
LUC BOON et FRERES
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€27,316
2023 · €10,898+€16,418
Equity
€135,043
2023 · €107,726+€27,316
Cash
€106,296
2023 · €5,500+€100,795
Balance sheet total
€508,284
2023 · €309,723+€198,561
Largest movements
Assets
- Receivables within one year +€114,365
up €114,365 (+50.7%), from €225,450 to €339,815
of which Trade receivables: +€101,703
- Cash +€100,795
up €100,795 (+1,832%), from €5,500 to €106,296
mainly Trade debts (+€144,079) and Receivables after one year (+€58,394)
- Receivables after one year -€58,394
no longer reported in 2024 (was €58,394)
- Tangible fixed assets +€40,454
up €40,454 (+334%), from €12,119 to €52,572
of which Furniture and vehicles: +€39,820
Equity and liabilities
- Trade debts +€144,079
up €144,079 (+167%), from €86,440 to €230,519
- Debts after one year +€27,005
new in 2024: €27,005
- Profit (loss) carried forward +€25,136
no longer reported in 2024 (was -€25,136)
- Short-term financial debts -€19,312
no longer reported in 2024 (was €19,312)
- Current portion of long-term debt +€12,143
up €12,143 (+257%), from €4,719 to €16,862
Income statement
- Gross operating margin +€33,082
up €33,082 (+9.5%), from €349,763 to €382,845
- Depreciation +€16,591
up €16,591 (+148%), from €11,230 to €27,821
- Taxes +€7,644
up €7,644 (+86.6%), from €8,823 to €16,467
- Staff costs -€7,610
down €7,610 (-2.5%), from €305,822 to €298,212
- Financial charges -€3,979
down €3,979 (-33.9%), from €11,745 to €7,766
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€10,898
Gross operating margin
+€33,082
Staff costs
+€7,610
Depreciation
-€16,591
Other operating charges
-€3,937
Other operating items
-€55
Financial income
-€25
Financial charges
+€3,979
Taxes
-€7,644
Result 2024
€27,316
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€149,234
Investment
-€68,275
Financing
+€19,836
Cash 2023
€5,500
From operations (derived)
+€149,234
Net result for the year
+€27,316
Depreciation
+€27,821
Receivables after one year
+€58,394
Receivables within one year
-€114,365
Deferred charges and accrued income
-€1,342
Trade debts
+€144,079
Tax, wage and social debts
+€1,368
Other debts
+€6,021
Accrued charges and deferred income
-€59
Investment (derived)
-€68,275
Investment in fixed assets (net)
-€68,275
Financing
+€19,836
Debts after one year
+€27,005
Current portion of long-term debt
+€12,143
Short-term financial debts
-€19,312
Cash 2024
€106,296
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,723 | €508,284 | +€198,561 | +64.1% |
| Fixed assets | 21/28 | €14,811 | €55,264 | +€40,454 | +273% |
| Tangible fixed assets | 22/27 | €12,119 | €52,572 | +€40,454 | +334% |
| Plant, machinery and equipment | 23 | €750 | €1,485 | +€736 | +98.1% |
| Furniture and vehicles | 24 | €11,139 | €50,960 | +€39,820 | +357% |
| Other tangible fixed assets | 26 | €230 | €127 | -€103 | -44.6% |
| Financial fixed assets | 28 | €2,692 | €2,692 | = | 0.0% |
| Current assets | 29/58 | €294,912 | €453,020 | +€158,108 | +53.6% |
| Amounts receivable after more than one year | 29 | €58,394 | - | -€58,394 | |
| Trade receivables | 290 | €58,394 | - | -€58,394 | |
| Amounts receivable within one year | 40/41 | €225,450 | €339,815 | +€114,365 | +50.7% |
| Trade receivables | 40 | €213,182 | €314,885 | +€101,703 | +47.7% |
| Other amounts receivable | 41 | €12,268 | €24,930 | +€12,662 | +103% |
| Cash at bank and in hand | 54/58 | €5,500 | €106,296 | +€100,795 | +1,832% |
| Deferred charges and accrued income | 490/1 | €5,568 | €6,909 | +€1,342 | +24.1% |
| Total equity and liabilities | 10/49 | €309,723 | €508,284 | +€198,561 | +64.1% |
| Equity | 10/15 | €107,726 | €135,043 | +€27,316 | +25.4% |
| Contributions | 10/11 | €46,509 | €46,509 | = | 0.0% |
| Reserves | 13 | €86,353 | €88,533 | +€2,181 | +2.5% |
| Distributable reserves | 133 | €86,353 | €88,533 | +€2,181 | +2.5% |
| Profit (loss) carried forward | 14 | -€25,136 | - | +€25,136 | |
| Amounts payable | 17/49 | €201,997 | €373,242 | +€171,245 | +84.8% |
| Amounts payable after more than one year | 17 | - | €27,005 | +€27,005 | |
| Financial debts | 170/4 | - | €27,005 | +€27,005 | |
| Amounts payable within one year | 42/48 | €201,938 | €346,236 | +€144,298 | +71.5% |
| Current portion of amounts payable after more than one year | 42 | €4,719 | €16,862 | +€12,143 | +257% |
| Financial debts | 43 | €19,312 | - | -€19,312 | |
| Credit institutions | 430/8 | €19,312 | - | -€19,312 | |
| Trade debts | 44 | €86,440 | €230,519 | +€144,079 | +167% |
| Suppliers | 440/4 | €86,440 | €230,519 | +€144,079 | +167% |
| Taxes, remuneration and social security | 45 | €87,064 | €88,432 | +€1,368 | +1.6% |
| Taxes | 450/3 | €26,399 | €23,719 | -€2,680 | -10.2% |
| Remuneration and social security | 454/9 | €60,665 | €64,713 | +€4,048 | +6.7% |
| Other amounts payable | 47/48 | €4,402 | €10,423 | +€6,021 | +137% |
| Accrued charges and deferred income | 492/3 | €59 | - | -€59 | |
| Non-recurring operating income | 76A | €528 | €1,655 | +€1,127 | +214% |
| Remuneration, social security and pensions | 62 | €305,822 | €298,212 | -€7,610 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,230 | €27,821 | +€16,591 | +148% |
| Other operating charges | 640/8 | €1,008 | €4,945 | +€3,937 | +390% |
| Non-recurring operating charges | 66A | €263 | €318 | +€55 | +21.1% |
| Gross operating margin | 9900 | €349,763 | €382,845 | +€33,082 | +9.5% |
| Operating profit (loss) | 9901 | €31,440 | €51,549 | +€20,109 | +64.0% |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €11,745 | €7,766 | -€3,979 | -33.9% |
| Recurring financial charges | 65 | €11,745 | €7,766 | -€3,979 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €19,721 | €43,783 | +€24,062 | +122% |
| Income taxes | 67/77 | €8,823 | €16,467 | +€7,644 | +86.6% |
| Profit (loss) for the period | 9904 | €10,898 | €27,316 | +€16,418 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €10,898 | €27,316 | +€16,418 | +151% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.