't Pachthuis: 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.
't Pachthuis
Largest movements
- Tangible fixed assets +€530,839
up €530,839 (+254%), from €209,284 to €740,123
of which Land and buildings: +€559,242
- Receivables within one year -€110,258
down €110,258 (-98.0%), from €112,548 to €2,290
of which Other amounts receivable: -€107,676
- Cash -€63,363
down €63,363 (-51.0%), from €124,136 to €60,774
mainly Investment in fixed assets (net) (-€580,111) and Trade debts (-€24,472)
- Deferred charges and accrued income -€24,619
down €24,619 (-97.7%), from €25,191 to €572
- Debts after one year +€293,999
up €293,999 (+324%), from €90,804 to €384,803
- Other debts +€27,650
new in 2024: €27,650
- Trade debts -€24,472
down €24,472 (-50.7%), from €48,222 to €23,750
- Advances received +€17,783
up €17,783 (+63.2%), from €28,116 to €45,900
- Current portion of long-term debt +€15,203
up €15,203 (+29.9%), from €50,799 to €66,001
- Other operating charges +€68,125
up €68,125 (+7,744%), from €880 to €69,005
- Taxes -€13,511
down €13,511 (-71.2%), from €18,988 to €5,477
- Depreciation +€9,367
up €9,367 (+23.3%), from €40,177 to €49,544
- Gross operating margin +€8,011
up €8,011 (+6.0%), from €132,999 to €141,009
- Financial charges +€5,807
up €5,807 (+70.7%), from €8,214 to €14,021
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 | €503,860 | €832,337 | +€328,478 | +65.2% |
| Fixed assets | 21/28 | €209,634 | €740,202 | +€530,567 | +253% |
| Intangible fixed assets | 21 | €351 | €79 | -€272 | -77.6% |
| Tangible fixed assets | 22/27 | €209,284 | €740,123 | +€530,839 | +254% |
| Land and buildings | 22 | - | €559,242 | +€559,242 | |
| Plant, machinery and equipment | 23 | €196,580 | €169,971 | -€26,609 | -13.5% |
| Furniture and vehicles | 24 | €12,704 | €10,910 | -€1,794 | -14.1% |
| Current assets | 29/58 | €294,225 | €92,136 | -€202,090 | -68.7% |
| Stocks and contracts in progress | 3 | €32,350 | €28,500 | -€3,850 | -11.9% |
| Stocks | 30/36 | €32,350 | €28,500 | -€3,850 | -11.9% |
| Amounts receivable within one year | 40/41 | €112,548 | €2,290 | -€110,258 | -98.0% |
| Trade receivables | 40 | €2,872 | €290 | -€2,582 | -89.9% |
| Other amounts receivable | 41 | €109,676 | €2,000 | -€107,676 | -98.2% |
| Cash at bank and in hand | 54/58 | €124,136 | €60,774 | -€63,363 | -51.0% |
| Deferred charges and accrued income | 490/1 | €25,191 | €572 | -€24,619 | -97.7% |
| Total equity and liabilities | 10/49 | €503,860 | €832,337 | +€328,478 | +65.2% |
| Equity | 10/15 | €263,611 | €271,234 | +€7,623 | +2.9% |
| Contributions | 10/11 | €54,000 | €54,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,611 | €197,234 | +€7,623 | +4.0% |
| Amounts payable | 17/49 | €240,248 | €561,103 | +€320,855 | +134% |
| Amounts payable after more than one year | 17 | €90,804 | €384,803 | +€293,999 | +324% |
| Financial debts | 170/4 | €90,804 | €384,803 | +€293,999 | +324% |
| Amounts payable within one year | 42/48 | €148,184 | €174,648 | +€26,464 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €50,799 | €66,001 | +€15,203 | +29.9% |
| Financial debts | 43 | €10 | - | -€10 | |
| Credit institutions | 430/8 | €10 | - | -€10 | |
| Trade debts | 44 | €48,222 | €23,750 | -€24,472 | -50.7% |
| Suppliers | 440/4 | €48,222 | €23,750 | -€24,472 | -50.7% |
| Advances received on contracts in progress | 46 | €28,116 | €45,900 | +€17,783 | +63.2% |
| Taxes, remuneration and social security | 45 | €21,037 | €11,348 | -€9,690 | -46.1% |
| Taxes | 450/3 | €20,881 | €11,348 | -€9,533 | -45.7% |
| Remuneration and social security | 454/9 | €157 | - | -€157 | |
| Other amounts payable | 47/48 | - | €27,650 | +€27,650 | |
| Accrued charges and deferred income | 492/3 | €1,260 | €1,653 | +€392 | +31.1% |
| Non-recurring operating income | 76A | €889 | - | -€889 | |
| Remuneration, social security and pensions | 62 | €5,827 | €1,053 | -€4,774 | -81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,177 | €49,544 | +€9,367 | +23.3% |
| Other operating charges | 640/8 | €880 | €69,005 | +€68,125 | +7,744% |
| Gross operating margin | 9900 | €132,999 | €141,009 | +€8,011 | +6.0% |
| Operating profit (loss) | 9901 | €86,114 | €21,407 | -€64,708 | -75.1% |
| Financial income | 75/76B | €4,612 | €5,714 | +€1,102 | +23.9% |
| Recurring financial income | 75 | €4,612 | €5,714 | +€1,102 | +23.9% |
| Financial charges | 65/66B | €8,214 | €14,021 | +€5,807 | +70.7% |
| Recurring financial charges | 65 | €8,214 | €14,021 | +€5,807 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | €82,512 | €13,100 | -€69,413 | -84.1% |
| Income taxes | 67/77 | €18,988 | €5,477 | -€13,511 | -71.2% |
| Profit (loss) for the period | 9904 | €63,524 | €7,623 | -€55,902 | -88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,524 | €7,623 | -€55,902 | -88.0% |
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 29 October 2026 via checked.be.