PHILIPPE BOURDEAUD'HUI: 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
PHILIPPE BOURDEAUD'HUI
NACE 69.103, Activities of bailiffs
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€1.3m
2023 · €921,404+€369,935
Equity
€4.7m
2023 · €3.4m+€1.3m
Cash
€2.6m
2023 · €2.3m+€227,887
Balance sheet total
€9.3m
2023 · €7.9m+€1.4m
Largest movements
Assets
- Stocks and contracts +€672,299
up €672,299 (+19.3%), from €3.5m to €4.1m
- Receivables within one year +€582,659
up €582,659 (+67.5%), from €862,773 to €1.4m
of which Trade receivables: +€551,140
- Cash +€227,887
up €227,887 (+9.8%), from €2.3m to €2.6m
mainly Net result for the year (+€1.3m) and Other debts (+€133,713)
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+39.1%), from €3.3m to €4.6m
of which Distributable reserves: +€1.3m
- Other debts +€133,713
up €133,713 (+4.0%), from €3.4m to €3.5m
Income statement
- Gross operating margin +€257,675
up €257,675 (+12.0%), from €2.1m to €2.4m
- Staff costs -€78,148
down €78,148 (-12.8%), from €608,984 to €530,836
- Depreciation -€47,643
down €47,643 (-35.8%), from €133,175 to €85,533
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
€921,404
Gross operating margin
+€257,675
Staff costs
+€78,148
Depreciation
+€47,643
Other operating charges
-€15,912
Financial income
-€1,497
Financial charges
-€8,624
Taxes
+€12,503
Result 2024
€1.3m
raises the resultlowers the result
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
+€266,883
Investment
+€2,249
Financing
-€41,245
Cash 2023
€2.3m
From operations (derived)
+€266,883
Net result for the year
+€1.3m
Depreciation
+€85,533
Stocks and contracts
-€672,299
Receivables within one year
-€582,659
Smaller working-capital items
-€3,031
Trade debts
+€14,287
Other debts
+€133,713
Investment (derived)
+€2,249
Investment in fixed assets (net)
+€2,249
Financing
-€41,245
Debts after one year
-€80,096
Current portion of long-term debt
-€3,509
Short-term financial debts
+€42,360
Cash 2024
€2.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,858,109 | €9,253,266 | +€1.4m | +17.8% |
| Fixed assets | 21/28 | €1,189,605 | €1,101,823 | -€87,782 | -7.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,171,856 | €1,084,074 | -€87,782 | -7.5% |
| Land and buildings | 22 | €1,099,759 | €1,038,265 | -€61,495 | -5.6% |
| Plant, machinery and equipment | 23 | €42,312 | €25,184 | -€17,128 | -40.5% |
| Furniture and vehicles | 24 | €27,285 | €19,176 | -€8,110 | -29.7% |
| Other tangible fixed assets | 26 | €2,499 | €1,449 | -€1,049 | -42.0% |
| Financial fixed assets | 28 | €17,750 | €17,750 | = | 0.0% |
| Current assets | 29/58 | €6,668,503 | €8,151,443 | +€1.5m | +22.2% |
| Stocks and contracts in progress | 3 | €3,476,099 | €4,148,398 | +€672,299 | +19.3% |
| Contracts in progress | 37 | €3,476,099 | €4,148,398 | +€672,299 | +19.3% |
| Amounts receivable within one year | 40/41 | €862,773 | €1,445,432 | +€582,659 | +67.5% |
| Trade receivables | 40 | €814,201 | €1,365,340 | +€551,140 | +67.7% |
| Other amounts receivable | 41 | €48,573 | €80,092 | +€31,519 | +64.9% |
| Cash at bank and in hand | 54/58 | €2,329,631 | €2,557,518 | +€227,887 | +9.8% |
| Deferred charges and accrued income | 490/1 | - | €94 | +€94 | |
| Total equity and liabilities | 10/49 | €7,858,109 | €9,253,266 | +€1.4m | +17.8% |
| Equity | 10/15 | €3,360,779 | €4,652,118 | +€1.3m | +38.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,322,550 | €4,622,550 | +€1.3m | +39.1% |
| Tax-exempt reserves | 132 | €19,694 | €19,694 | = | 0.0% |
| Distributable reserves | 133 | €3,302,856 | €4,602,856 | +€1.3m | +39.4% |
| Profit (loss) carried forward | 14 | €25,829 | €17,168 | -€8,661 | -33.5% |
| Amounts payable | 17/49 | €4,497,329 | €4,601,148 | +€103,818 | +2.3% |
| Amounts payable after more than one year | 17 | €387,643 | €307,547 | -€80,096 | -20.7% |
| Financial debts | 170/4 | €387,643 | €307,547 | -€80,096 | -20.7% |
| Amounts payable within one year | 42/48 | €4,109,687 | €4,293,601 | +€183,914 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €83,504 | €79,995 | -€3,509 | -4.2% |
| Financial debts | 43 | - | €42,360 | +€42,360 | |
| Credit institutions | 430/8 | - | €42,360 | +€42,360 | |
| Trade debts | 44 | €142,708 | €156,995 | +€14,287 | +10.0% |
| Suppliers | 440/4 | €142,708 | €156,995 | +€14,287 | +10.0% |
| Taxes, remuneration and social security | 45 | €531,286 | €528,350 | -€2,936 | -0.6% |
| Taxes | 450/3 | €466,605 | €464,800 | -€1,805 | -0.4% |
| Remuneration and social security | 454/9 | €64,681 | €63,549 | -€1,132 | -1.7% |
| Other amounts payable | 47/48 | €3,352,189 | €3,485,902 | +€133,713 | +4.0% |
| Remuneration, social security and pensions | 62 | €608,984 | €530,836 | -€78,148 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,175 | €85,533 | -€47,643 | -35.8% |
| Other operating charges | 640/8 | €12,114 | €28,026 | +€15,912 | +131% |
| Gross operating margin | 9900 | €2,148,408 | €2,406,083 | +€257,675 | +12.0% |
| Operating profit (loss) | 9901 | €1,394,134 | €1,761,687 | +€367,553 | +26.4% |
| Financial income | 75/76B | €1,615 | €118 | -€1,497 | -92.7% |
| Recurring financial income | 75 | €1,615 | €118 | -€1,497 | -92.7% |
| Financial charges | 65/66B | €19,460 | €28,084 | +€8,624 | +44.3% |
| Recurring financial charges | 65 | €19,460 | €28,084 | +€8,624 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €1,376,289 | €1,733,722 | +€357,433 | +26.0% |
| Income taxes | 67/77 | €454,886 | €442,383 | -€12,503 | -2.7% |
| Profit (loss) for the period | 9904 | €921,404 | €1,291,339 | +€369,935 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €921,404 | €1,291,339 | +€369,935 | +40.1% |
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 13 October 2026 via checked.be.