PATRICK VAN BUGGENHOUT: 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.
What changed
PATRICK VAN BUGGENHOUT
NACE 69.103, Activities of bailiffs
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€13,616
2023 · €93,400-€79,784
Equity
€484,040
2023 · €470,424+€13,616
Cash
€39,339
2023 · €29,025+€10,314
Balance sheet total
€2.0m
2023 · €1.7m+€331,273
Largest movements
Assets
- Receivables within one year -€350,867
down €350,867 (-21.7%), from €1.6m to €1.3m
of which Trade receivables: -€289,362
- Intangible fixed assets +€342,857
new in 2024: €342,857
- Receivables after one year +€330,000
new in 2024: €330,000
Equity and liabilities
- Trade debts +€353,340
up €353,340 (+73.9%), from €478,407 to €831,746
- Other debts +€45,890
up €45,890 (+39.6%), from €115,741 to €161,631
- Tax, wage and social debts -€31,740
down €31,740 (-32.3%), from €98,321 to €66,580
of which Taxes: -€32,630
- Debts after one year -€26,666
down €26,666 (-8.2%), from €326,666 to €300,000
of which Financial debts: -€26,666
Income statement
- Gross operating margin -€106,916
down €106,916 (-34.4%), from €310,530 to €203,613
- Depreciation +€47,143
up €47,143 (+460%), from €10,255 to €57,398
- Taxes -€24,623
down €24,623 (-79.5%), from €30,968 to €6,345
- Financial charges -€20,399
down €20,399 (-70.2%), from €29,062 to €8,664
- Financial income +€20,341
up €20,341 (+673,547%), from €3 to €20,344
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.
Result 2023
€93,400
Gross operating margin
-€106,916
Staff costs
+€9,069
Depreciation
-€47,143
Other operating charges
-€1,608
Other operating items
+€1,452
Financial income
+€20,341
Financial charges
+€20,399
Taxes
+€24,623
Result 2024
€13,616
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€455,442
Investment
-€400,000
Financing
-€45,128
Cash 2023
€29,025
From operations (derived)
+€455,442
Net result for the year
+€13,616
Depreciation
+€57,398
Receivables after one year
-€330,000
Receivables within one year
+€350,867
Deferred charges and accrued income
+€777
Trade debts
+€353,340
Tax, wage and social debts
-€31,740
Other debts
+€45,890
Accrued charges and deferred income
-€4,705
Investment (derived)
-€400,000
Investment in fixed assets (net)
-€400,000
Financing
-€45,128
Debts after one year
-€26,666
Current portion of long-term debt
-€13,334
Short-term financial debts
-€5,128
Cash 2024
€39,339
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,660,165 | €1,991,437 | +€331,273 | +20.0% |
| Fixed assets | 21/28 | €11,071 | €353,674 | +€342,602 | +3,094% |
| Intangible fixed assets | 21 | - | €342,857 | +€342,857 | |
| Tangible fixed assets | 22/27 | €271 | €17 | -€255 | -93.8% |
| Plant, machinery and equipment | 23 | €271 | €17 | -€255 | -93.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €10,800 | €10,800 | = | 0.0% |
| Current assets | 29/58 | €1,649,093 | €1,637,763 | -€11,330 | -0.7% |
| Amounts receivable after more than one year | 29 | - | €330,000 | +€330,000 | |
| Other amounts receivable | 291 | - | €330,000 | +€330,000 | |
| Amounts receivable within one year | 40/41 | €1,619,291 | €1,268,424 | -€350,867 | -21.7% |
| Trade receivables | 40 | €1,023,072 | €733,710 | -€289,362 | -28.3% |
| Other amounts receivable | 41 | €596,219 | €534,714 | -€61,505 | -10.3% |
| Cash at bank and in hand | 54/58 | €29,025 | €39,339 | +€10,314 | +35.5% |
| Deferred charges and accrued income | 490/1 | €777 | €0 | -€777 | -100% |
| Total equity and liabilities | 10/49 | €1,660,165 | €1,991,437 | +€331,273 | +20.0% |
| Equity | 10/15 | €470,424 | €484,040 | +€13,616 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €449,964 | €463,580 | +€13,616 | +3.0% |
| Amounts payable | 17/49 | €1,189,741 | €1,507,397 | +€317,657 | +26.7% |
| Amounts payable after more than one year | 17 | €326,666 | €300,000 | -€26,666 | -8.2% |
| Financial debts | 170/4 | €26,666 | €0 | -€26,666 | -100% |
| Other amounts payable | 178/9 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €814,619 | €1,163,647 | +€349,028 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €26,666 | -€13,334 | -33.3% |
| Financial debts | 43 | €82,150 | €77,023 | -€5,128 | -6.2% |
| Credit institutions | 430/8 | €54,371 | €50,368 | -€4,003 | -7.4% |
| Other loans | 439 | €27,780 | €26,655 | -€1,125 | -4.0% |
| Trade debts | 44 | €478,407 | €831,746 | +€353,340 | +73.9% |
| Suppliers | 440/4 | €478,407 | €831,746 | +€353,340 | +73.9% |
| Taxes, remuneration and social security | 45 | €98,321 | €66,580 | -€31,740 | -32.3% |
| Taxes | 450/3 | €86,121 | €53,491 | -€32,630 | -37.9% |
| Remuneration and social security | 454/9 | €12,200 | €13,090 | +€890 | +7.3% |
| Other amounts payable | 47/48 | €115,741 | €161,631 | +€45,890 | +39.6% |
| Accrued charges and deferred income | 492/3 | €48,455 | €43,750 | -€4,705 | -9.7% |
| Non-recurring operating income | 76A | €7,116 | €2,382 | -€4,733 | -66.5% |
| Remuneration, social security and pensions | 62 | €138,980 | €129,911 | -€9,069 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,255 | €57,398 | +€47,143 | +460% |
| Other operating charges | 640/8 | €6,416 | €8,024 | +€1,608 | +25.1% |
| Non-recurring operating charges | 66A | €1,452 | €0 | -€1,452 | -100% |
| Gross operating margin | 9900 | €310,530 | €203,613 | -€106,916 | -34.4% |
| Operating profit (loss) | 9901 | €153,427 | €8,281 | -€145,147 | -94.6% |
| Financial income | 75/76B | €3 | €20,344 | +€20,341 | +673,547% |
| Recurring financial income | 75 | €3 | €20,344 | +€20,341 | +673,547% |
| Financial charges | 65/66B | €29,062 | €8,664 | -€20,399 | -70.2% |
| Recurring financial charges | 65 | €29,062 | €8,664 | -€20,399 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | €124,368 | €19,961 | -€104,407 | -84.0% |
| Income taxes | 67/77 | €30,968 | €6,345 | -€24,623 | -79.5% |
| Profit (loss) for the period | 9904 | €93,400 | €13,616 | -€79,784 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,400 | €13,616 | -€79,784 | -85.4% |
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 14 October 2026 via checked.be.