LUCIEN DESMIT: 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.
LUCIEN DESMIT
Largest movements
- Cash +€118,169
up €118,169 (+83.6%), from €141,283 to €259,452
mainly Depreciation (+€94,221) and Net result for the year (+€68,058)
- Tangible fixed assets -€15,807
down €15,807 (-4.1%), from €384,496 to €368,689
of which Plant, machinery and equipment: -€40,152
- Receivables within one year +€9,051
up €9,051 (+30.1%), from €30,100 to €39,151
of which Other amounts receivable: +€13,755
- Profit (loss) carried forward +€68,058
up €68,058, from -€47,156 to €20,902
- Tax, wage and social debts +€43,549
up €43,549 (+91.2%), from €47,768 to €91,316
of which Taxes: +€38,866
- Trade debts -€18,763
down €18,763 (-47.0%), from €39,887 to €21,123
- Advances received +€18,387
new in 2024: €18,387
- Gross operating margin +€186,805
up €186,805 (+49.6%), from €376,590 to €563,396
- Staff costs +€78,536
up €78,536 (+24.6%), from €319,180 to €397,716
- Depreciation +€43,023
up €43,023 (+84.0%), from €51,198 to €94,221
- Financial income -€22,810
down €22,810 (-86.6%), from €26,354 to €3,545
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 | €655,905 | €763,318 | +€107,413 | +16.4% |
| Fixed assets | 21/28 | €386,536 | €370,729 | -€15,807 | -4.1% |
| Tangible fixed assets | 22/27 | €384,496 | €368,689 | -€15,807 | -4.1% |
| Plant, machinery and equipment | 23 | €373,340 | €333,188 | -€40,152 | -10.8% |
| Furniture and vehicles | 24 | €11,156 | €35,501 | +€24,345 | +218% |
| Financial fixed assets | 28 | €2,040 | €2,040 | = | 0.0% |
| Current assets | 29/58 | €269,369 | €392,590 | +€123,220 | +45.7% |
| Amounts receivable after more than one year | 29 | €41,287 | €42,580 | +€1,293 | +3.1% |
| Other amounts receivable | 291 | €41,287 | €42,580 | +€1,293 | +3.1% |
| Amounts receivable within one year | 40/41 | €30,100 | €39,151 | +€9,051 | +30.1% |
| Trade receivables | 40 | €27,104 | €22,400 | -€4,704 | -17.4% |
| Other amounts receivable | 41 | €2,996 | €16,751 | +€13,755 | +459% |
| Cash at bank and in hand | 54/58 | €141,283 | €259,452 | +€118,169 | +83.6% |
| Deferred charges and accrued income | 490/1 | €56,700 | €51,407 | -€5,293 | -9.3% |
| Total equity and liabilities | 10/49 | €655,905 | €763,318 | +€107,413 | +16.4% |
| Equity | 10/15 | €534,324 | €599,133 | +€64,808 | +12.1% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Reserves | 13 | €222,231 | €222,231 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €222,231 | €222,231 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,156 | €20,902 | +€68,058 | |
| Investment grants | 15 | €29,250 | €26,000 | -€3,250 | -11.1% |
| Amounts payable | 17/49 | €121,581 | €164,186 | +€42,605 | +35.0% |
| Amounts payable within one year | 42/48 | €119,192 | €164,186 | +€44,993 | +37.7% |
| Trade debts | 44 | €39,887 | €21,123 | -€18,763 | -47.0% |
| Suppliers | 440/4 | €39,887 | €21,123 | -€18,763 | -47.0% |
| Advances received on contracts in progress | 46 | - | €18,387 | +€18,387 | |
| Taxes, remuneration and social security | 45 | €47,768 | €91,316 | +€43,549 | +91.2% |
| Taxes | 450/3 | €20,987 | €59,853 | +€38,866 | +185% |
| Remuneration and social security | 454/9 | €26,780 | €31,463 | +€4,683 | +17.5% |
| Other amounts payable | 47/48 | €31,538 | €33,359 | +€1,821 | +5.8% |
| Accrued charges and deferred income | 492/3 | €2,389 | €0 | -€2,389 | -100% |
| Remuneration, social security and pensions | 62 | €319,180 | €397,716 | +€78,536 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,198 | €94,221 | +€43,023 | +84.0% |
| Other operating charges | 640/8 | €4,230 | €3,533 | -€697 | -16.5% |
| Gross operating margin | 9900 | €376,590 | €563,396 | +€186,805 | +49.6% |
| Operating profit (loss) | 9901 | €1,982 | €67,926 | +€65,944 | +3,327% |
| Financial income | 75/76B | €26,354 | €3,545 | -€22,810 | -86.6% |
| Recurring financial income | 75 | €26,354 | €3,545 | -€22,810 | -86.6% |
| Financial charges | 65/66B | €1,924 | €3,412 | +€1,488 | +77.3% |
| Recurring financial charges | 65 | €1,924 | €3,412 | +€1,488 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | €26,412 | €68,058 | +€41,646 | +158% |
| Profit (loss) for the period | 9904 | €26,412 | €68,058 | +€41,646 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €26,412 | €68,058 | +€41,646 | +158% |
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 27 October 2026 via checked.be.