P. Casneuf: 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.
P. Casneuf
Largest movements
- Receivables within one year +€156,755
up €156,755 (+11.2%), from €1.4m to €1.6m
of which Other amounts receivable: +€162,085
- Tangible fixed assets -€42,608
down €42,608 (-12.1%), from €351,409 to €308,801
of which Land and buildings: -€51,701
- Short-term financial debts +€245,290
up €245,290 (+743%), from €33,012 to €278,302
- Other debts -€161,290
down €161,290 (-96.3%), from €167,408 to €6,118
- Debts after one year -€69,045
down €69,045 (-7.4%), from €933,201 to €864,156
- Reserves +€66,417
up €66,417 (+11.4%), from €584,493 to €650,910
of which Distributable reserves: +€66,417
- Gross operating margin +€65,535
up €65,535 (+50.6%), from €129,402 to €194,937
- Write-downs +€62,500
up €62,500, from -€62,500 to €0
- Other operating charges -€60,703
down €60,703 (-93.2%), from €65,134 to €4,430
- Financial charges +€29,417
up €29,417 (+114%), from €25,776 to €55,193
- Financial income +€18,953
up €18,953 (+70.3%), from €26,969 to €45,923
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 | €1,887,026 | €1,991,683 | +€104,657 | +5.5% |
| Fixed assets | 21/28 | €351,409 | €308,801 | -€42,608 | -12.1% |
| Tangible fixed assets | 22/27 | €351,409 | €308,801 | -€42,608 | -12.1% |
| Land and buildings | 22 | €255,136 | €203,435 | -€51,701 | -20.3% |
| Plant, machinery and equipment | 23 | €1,879 | €2,250 | +€372 | +19.8% |
| Furniture and vehicles | 24 | €94,394 | €103,115 | +€8,721 | +9.2% |
| Current assets | 29/58 | €1,535,617 | €1,682,882 | +€147,265 | +9.6% |
| Amounts receivable after more than one year | 29 | €127,000 | €127,000 | = | 0.0% |
| Other amounts receivable | 291 | €127,000 | €127,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,397,274 | €1,554,029 | +€156,755 | +11.2% |
| Trade receivables | 40 | €26,644 | €21,315 | -€5,329 | -20.0% |
| Other amounts receivable | 41 | €1,370,630 | €1,532,714 | +€162,085 | +11.8% |
| Cash at bank and in hand | 54/58 | €2 | €26 | +€24 | +1,235% |
| Deferred charges and accrued income | 490/1 | €11,341 | €1,827 | -€9,514 | -83.9% |
| Total equity and liabilities | 10/49 | €1,887,026 | €1,991,683 | +€104,657 | +5.5% |
| Equity | 10/15 | €615,479 | €681,897 | +€66,417 | +10.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €584,493 | €650,910 | +€66,417 | +11.4% |
| Non-distributable reserves | 130/1 | €3,987 | €3,987 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,987 | €3,987 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €561,756 | €628,173 | +€66,417 | +11.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,271,547 | €1,309,787 | +€38,240 | +3.0% |
| Amounts payable after more than one year | 17 | €933,201 | €864,156 | -€69,045 | -7.4% |
| Financial debts | 170/4 | €933,201 | €864,156 | -€69,045 | -7.4% |
| Amounts payable within one year | 42/48 | €338,346 | €430,181 | +€91,835 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €97,609 | €104,434 | +€6,825 | +7.0% |
| Financial debts | 43 | €33,012 | €278,302 | +€245,290 | +743% |
| Credit institutions | 430/8 | €33,012 | €278,302 | +€245,290 | +743% |
| Trade debts | 44 | €14,194 | €9,141 | -€5,053 | -35.6% |
| Suppliers | 440/4 | €14,194 | €9,141 | -€5,053 | -35.6% |
| Taxes, remuneration and social security | 45 | €26,123 | €32,185 | +€6,063 | +23.2% |
| Taxes | 450/3 | €26,123 | €32,185 | +€6,063 | +23.2% |
| Other amounts payable | 47/48 | €167,408 | €6,118 | -€161,290 | -96.3% |
| Accrued charges and deferred income | 492/3 | €0 | €15,450 | +€15,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,232 | €83,689 | -€4,543 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€62,500 | €0 | +€62,500 | |
| Other operating charges | 640/8 | €65,134 | €4,430 | -€60,703 | -93.2% |
| Gross operating margin | 9900 | €129,402 | €194,937 | +€65,535 | +50.6% |
| Operating profit (loss) | 9901 | €38,536 | €106,818 | +€68,281 | +177% |
| Financial income | 75/76B | €26,969 | €45,923 | +€18,953 | +70.3% |
| Recurring financial income | 75 | €26,969 | €45,923 | +€18,953 | +70.3% |
| Financial charges | 65/66B | €25,776 | €55,193 | +€29,417 | +114% |
| Recurring financial charges | 65 | €25,776 | €55,193 | +€29,417 | +114% |
| Profit (loss) for the period before taxes | 9903 | €39,730 | €97,547 | +€57,817 | +146% |
| Income taxes | 67/77 | €13,922 | €31,130 | +€17,208 | +124% |
| Profit (loss) for the period | 9904 | €25,808 | €66,417 | +€40,609 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €25,808 | €66,417 | +€40,609 | +157% |
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 20 October 2026 via checked.be.