PETER BRACKE: 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.
PETER BRACKE
Largest movements
- Tangible fixed assets -€10,315
down €10,315 (-2.6%), from €399,672 to €389,357
of which Land and buildings: -€9,830
- Debts after one year -€16,019
down €16,019 (-4.8%), from €330,377 to €314,358
of which Financial debts: -€26,341
- Short-term financial debts +€6,317
up €6,317 (+52.8%), from €11,957 to €18,273
- Gross operating margin -€23,655
down €23,655 (-50.6%), from €46,728 to €23,072
- Depreciation -€4,410
down €4,410 (-29.9%), from €14,725 to €10,315
- Financial charges -€1,796
down €1,796 (-13.5%), from €13,315 to €11,519
- Taxes -€1,469
down €1,469 (-80.8%), from €1,817 to €349
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €416,546 | €404,824 | -€11,721 | -2.8% |
| Fixed assets | 21/28 | €399,672 | €389,357 | -€10,315 | -2.6% |
| Tangible fixed assets | 22/27 | €399,672 | €389,357 | -€10,315 | -2.6% |
| Land and buildings | 22 | €398,660 | €388,830 | -€9,830 | -2.5% |
| Plant, machinery and equipment | 23 | €1,013 | €527 | -€485 | -47.9% |
| Current assets | 29/58 | €16,873 | €15,467 | -€1,406 | -8.3% |
| Stocks and contracts in progress | 3 | €6,871 | €7,802 | +€932 | +13.6% |
| Stocks | 30/36 | €6,871 | €7,802 | +€932 | +13.6% |
| Amounts receivable within one year | 40/41 | €7,915 | €6,923 | -€992 | -12.5% |
| Trade receivables | 40 | €7,354 | €6,335 | -€1,019 | -13.9% |
| Other amounts receivable | 41 | €561 | €589 | +€28 | +4.9% |
| Deferred charges and accrued income | 490/1 | €2,087 | €741 | -€1,346 | -64.5% |
| Total equity and liabilities | 10/49 | €416,546 | €404,824 | -€11,721 | -2.8% |
| Equity | 10/15 | €37,642 | €35,663 | -€1,978 | -5.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €597 | €597 | = | 0.0% |
| Distributable reserves | 133 | €597 | €597 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,956 | -€4,934 | -€1,978 | -66.9% |
| Amounts payable | 17/49 | €378,904 | €369,161 | -€9,743 | -2.6% |
| Amounts payable after more than one year | 17 | €330,377 | €314,358 | -€16,019 | -4.8% |
| Financial debts | 170/4 | €185,837 | €159,496 | -€26,341 | -14.2% |
| Other amounts payable | 178/9 | €144,540 | €154,862 | +€10,322 | +7.1% |
| Amounts payable within one year | 42/48 | €48,527 | €54,803 | +€6,276 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €29,025 | €26,341 | -€2,684 | -9.2% |
| Financial debts | 43 | €11,957 | €18,273 | +€6,317 | +52.8% |
| Credit institutions | 430/8 | €11,957 | €18,273 | +€6,317 | +52.8% |
| Trade debts | 44 | €5,728 | €8,022 | +€2,294 | +40.0% |
| Suppliers | 440/4 | €5,728 | €8,022 | +€2,294 | +40.0% |
| Taxes, remuneration and social security | 45 | €1,817 | €2,166 | +€349 | +19.2% |
| Taxes | 450/3 | €1,817 | €2,166 | +€349 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,725 | €10,315 | -€4,410 | -29.9% |
| Other operating charges | 640/8 | €2,560 | €2,868 | +€307 | +12.0% |
| Gross operating margin | 9900 | €46,728 | €23,072 | -€23,655 | -50.6% |
| Operating profit (loss) | 9901 | €29,442 | €9,890 | -€19,553 | -66.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €13,315 | €11,519 | -€1,796 | -13.5% |
| Recurring financial charges | 65 | €13,315 | €11,519 | -€1,796 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €16,128 | -€1,629 | -€17,757 | |
| Income taxes | 67/77 | €1,817 | €349 | -€1,469 | -80.8% |
| Profit (loss) for the period | 9904 | €14,310 | -€1,978 | -€16,288 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,310 | -€1,978 | -€16,288 |
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 11 October 2026 via checked.be.