SANDY BOURDON: what changed
Two fiscal 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.
SANDY BOURDON
Largest movements
- Current investments +€125,000
new in 2024: €125,000
- Cash -€86,623
down €86,623 (-32.0%), from €270,876 to €184,253
mainly Current investments (-€125,000) and Investment in fixed assets (net) (-€83,605)
- Tangible fixed assets +€51,492
up €51,492 (+19.5%), from €264,611 to €316,102
of which Furniture and vehicles: +€61,659
- Receivables within one year -€15,508
down €15,508 (-39.1%), from €39,647 to €24,139
of which Other amounts receivable: -€23,281
- Stocks and contracts -€12,576
down €12,576 (-48.1%), from €26,132 to €13,557
- Reserves +€80,000
up €80,000 (+56.4%), from €141,905 to €221,905
of which Distributable reserves: +€80,000
- Debts after one year -€13,995
down €13,995 (-4.9%), from €287,995 to €274,000
- Other debts -€11,846
down €11,846 (-32.1%), from €36,846 to €25,000
- Current portion of long-term debt +€8,581
up €8,581 (+28.5%), from €30,116 to €38,696
- Turnover +€39,066
up €39,066 (+11.9%), from €327,626 to €366,692
- Purchases and services +€27,745
up €27,745 (+21.2%), from €130,846 to €158,591
- Depreciation +€20,070
up €20,070 (+166.7%), from €12,043 to €32,113
- Gross operating margin -€15,413
down €15,413 (-6.7%), from €231,252 to €215,839
- Taxes -€4,974
down €4,974 (-11.0%), from €45,121 to €40,146
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
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 | €601,768 | €666,747 | +€64,979 | +10.8% |
| Fixed assets | 21/28 | €264,836 | €316,327 | +€51,492 | +19.4% |
| Tangible fixed assets | 22/27 | €264,611 | €316,102 | +€51,492 | +19.5% |
| Land and buildings | 22 | €254,076 | €246,199 | -€7,877 | -3.1% |
| Plant, machinery and equipment | 23 | €4,513 | €2,224 | -€2,290 | -50.7% |
| Furniture and vehicles | 24 | €6,021 | €67,680 | +€61,659 | +1024.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €336,932 | €350,419 | +€13,488 | +4.0% |
| Stocks and contracts in progress | 3 | €26,132 | €13,557 | -€12,576 | -48.1% |
| Stocks | 30/36 | €26,132 | €13,557 | -€12,576 | -48.1% |
| Amounts receivable within one year | 40/41 | €39,647 | €24,139 | -€15,508 | -39.1% |
| Trade receivables | 40 | €11,448 | €19,221 | +€7,774 | +67.9% |
| Other amounts receivable | 41 | €28,199 | €4,918 | -€23,281 | -82.6% |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €270,876 | €184,253 | -€86,623 | -32.0% |
| Deferred charges and accrued income | 490/1 | €276 | €3,471 | +€3,195 | +1157.7% |
| Total equity and liabilities | 10/49 | €601,768 | €666,747 | +€64,979 | +10.8% |
| Equity | 10/15 | €225,891 | €307,279 | +€81,388 | +36.0% |
| Contributions | 10/11 | €19,050 | €19,050 | = | 0.0% |
| Reserves | 13 | €141,905 | €221,905 | +€80,000 | +56.4% |
| Non-distributable reserves | 130/1 | €1,905 | €1,905 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,905 | €1,905 | = | 0.0% |
| Distributable reserves | 133 | €140,000 | €220,000 | +€80,000 | +57.1% |
| Profit (loss) carried forward | 14 | €64,936 | €66,324 | +€1,388 | +2.1% |
| Amounts payable | 17/49 | €375,877 | €359,468 | -€16,409 | -4.4% |
| Amounts payable after more than one year | 17 | €287,995 | €274,000 | -€13,995 | -4.9% |
| Financial debts | 170/4 | €287,995 | €274,000 | -€13,995 | -4.9% |
| Amounts payable within one year | 42/48 | €87,882 | €85,468 | -€2,414 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €30,116 | €38,696 | +€8,581 | +28.5% |
| Trade debts | 44 | €4,513 | €5,116 | +€603 | +13.4% |
| Suppliers | 440/4 | €4,513 | €5,116 | +€603 | +13.4% |
| Taxes, remuneration and social security | 45 | €16,407 | €16,656 | +€249 | +1.5% |
| Taxes | 450/3 | €11,118 | €11,269 | +€150 | +1.4% |
| Remuneration and social security | 454/9 | €5,289 | €5,387 | +€98 | +1.9% |
| Other amounts payable | 47/48 | €36,846 | €25,000 | -€11,846 | -32.1% |
| Turnover | 70 | €327,626 | €366,692 | +€39,066 | +11.9% |
| Non-recurring operating income | 76A | €25,000 | - | -€25,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €130,846 | €158,591 | +€27,745 | +21.2% |
| Remuneration, social security and pensions | 62 | €25,010 | €23,530 | -€1,481 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,043 | €32,113 | +€20,070 | +166.7% |
| Other operating charges | 640/8 | €1,259 | €2,729 | +€1,471 | +116.8% |
| Gross operating margin | 9900 | €231,252 | €215,839 | -€15,413 | -6.7% |
| Operating profit (loss) | 9901 | €192,941 | €157,467 | -€35,473 | -18.4% |
| Financial income | 75/76B | €82 | €3,294 | +€3,213 | +3922.0% |
| Recurring financial income | 75 | €82 | €3,294 | +€3,213 | +3922.0% |
| Financial charges | 65/66B | €14,873 | €14,227 | -€646 | -4.3% |
| Recurring financial charges | 65 | €14,873 | €14,227 | -€646 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €178,150 | €146,535 | -€31,615 | -17.7% |
| Income taxes | 67/77 | €45,121 | €40,146 | -€4,974 | -11.0% |
| Profit (loss) for the period | 9904 | €133,029 | €106,388 | -€26,641 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €133,029 | €106,388 | -€26,641 | -20.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.