OLIVIER DUBUISSON: 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.
OLIVIER DUBUISSON
Largest movements
- Current investments +€650,000
new in 2024: €650,000
- Tangible fixed assets -€514,545
down €514,545 (-5.8%), from €8.8m to €8.3m
of which Land and buildings: -€497,804
- Cash -€168,772
down €168,772 (-21.3%), from €791,678 to €622,906
mainly Current investments (-€650,000) and Debts after one year (-€180,000)
- Receivables within one year -€122,429
down €122,429 (-7.0%), from €1.7m to €1.6m
of which Trade receivables: -€170,742
- Reserves +€218,581
up €218,581 (+4.9%), from €4.5m to €4.7m
of which Distributable reserves: +€274,300
- Debts after one year -€180,000
down €180,000 (-13.3%), from €1.4m to €1.2m
- Other debts -€114,182
down €114,182 (-2.5%), from €4.6m to €4.5m
- Gross operating margin +€149,345
up €149,345 (+16.6%), from €900,978 to €1.1m
- Taxes +€48,791
up €48,791 (+47.1%), from €103,620 to €152,411
- Other operating charges +€23,848
up €23,848 (+85.5%), from €27,902 to €51,749
- Depreciation -€18,398
down €18,398 (-2.8%), from €666,983 to €648,585
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 | €11,356,756 | €11,199,902 | -€156,854 | -1.4% |
| Fixed assets | 21/28 | €8,825,987 | €8,311,442 | -€514,545 | -5.8% |
| Intangible fixed assets | 21 | €24,712 | €24,712 | = | 0.0% |
| Tangible fixed assets | 22/27 | €8,801,150 | €8,286,605 | -€514,545 | -5.8% |
| Land and buildings | 22 | €8,728,792 | €8,230,989 | -€497,804 | -5.7% |
| Plant, machinery and equipment | 23 | €1,708 | €1,235 | -€473 | -27.7% |
| Furniture and vehicles | 24 | €70,651 | €54,382 | -€16,269 | -23.0% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €2,530,769 | €2,888,460 | +€357,691 | +14.1% |
| Amounts receivable within one year | 40/41 | €1,737,983 | €1,615,554 | -€122,429 | -7.0% |
| Trade receivables | 40 | €530,676 | €359,934 | -€170,742 | -32.2% |
| Other amounts receivable | 41 | €1,207,307 | €1,255,620 | +€48,313 | +4.0% |
| Current investments | 50/53 | - | €650,000 | +€650,000 | |
| Cash at bank and in hand | 54/58 | €791,678 | €622,906 | -€168,772 | -21.3% |
| Deferred charges and accrued income | 490/1 | €1,108 | - | -€1,108 | |
| Total equity and liabilities | 10/49 | €11,356,756 | €11,199,902 | -€156,854 | -1.4% |
| Equity | 10/15 | €4,528,255 | €4,746,836 | +€218,581 | +4.8% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Contributions outside capital | 11 | €24,800 | €24,800 | = | 0.0% |
| Other | 1109/19 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €4,503,455 | €4,722,036 | +€218,581 | +4.9% |
| Non-distributable reserves | 130/1 | €493,330 | €493,330 | = | 0.0% |
| Legal reserve | 130 | €375,908 | €375,908 | = | 0.0% |
| Reserves not available under the articles | 1311 | €117,422 | €117,422 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,094,188 | €1,038,469 | -€55,719 | -5.1% |
| Distributable reserves | 133 | €2,915,936 | €3,190,236 | +€274,300 | +9.4% |
| Provisions and deferred taxes | 16 | €575,952 | €548,092 | -€27,859 | -4.8% |
| Deferred taxes | 168 | €575,952 | €548,092 | -€27,859 | -4.8% |
| Amounts payable | 17/49 | €6,252,550 | €5,904,973 | -€347,576 | -5.6% |
| Amounts payable after more than one year | 17 | €1,350,000 | €1,170,000 | -€180,000 | -13.3% |
| Financial debts | 170/4 | €1,350,000 | €1,170,000 | -€180,000 | -13.3% |
| Amounts payable within one year | 42/48 | €4,877,287 | €4,734,973 | -€142,314 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €230,000 | €180,000 | -€50,000 | -21.7% |
| Trade debts | 44 | - | €34,564 | +€34,564 | |
| Suppliers | 440/4 | - | €34,564 | +€34,564 | |
| Taxes, remuneration and social security | 45 | €51,019 | €38,323 | -€12,696 | -24.9% |
| Taxes | 450/3 | €51,019 | €38,323 | -€12,696 | -24.9% |
| Other amounts payable | 47/48 | €4,596,268 | €4,482,087 | -€114,182 | -2.5% |
| Accrued charges and deferred income | 492/3 | €25,262 | - | -€25,262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €666,983 | €648,585 | -€18,398 | -2.8% |
| Other operating charges | 640/8 | €27,902 | €51,749 | +€23,848 | +85.5% |
| Gross operating margin | 9900 | €900,978 | €1,050,323 | +€149,345 | +16.6% |
| Operating profit (loss) | 9901 | €206,093 | €349,989 | +€143,896 | +69.8% |
| Financial income | 75/76B | €3,038 | €11,669 | +€8,631 | +284% |
| Recurring financial income | 75 | €3,038 | €11,669 | +€8,631 | +284% |
| Financial charges | 65/66B | €21,185 | €18,525 | -€2,660 | -12.6% |
| Recurring financial charges | 65 | €21,185 | €18,525 | -€2,660 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €187,946 | €343,133 | +€155,187 | +82.6% |
| Transfer from deferred taxes | 780 | €27,859 | €27,859 | = | 0.0% |
| Income taxes | 67/77 | €103,620 | €152,411 | +€48,791 | +47.1% |
| Profit (loss) for the period | 9904 | €112,185 | €218,581 | +€106,396 | +94.8% |
| Transfer from tax-exempt reserves | 789 | €55,719 | €55,719 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €167,904 | €274,300 | +€106,396 | +63.4% |
Source: filed annual accounts (NBB), financial years ended 31 August 2023 and 31 August 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.