XAVIER PIERLET: 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.
XAVIER PIERLET
Largest movements
- Receivables within one year +€85,469
up €85,469 (+123%), from €69,328 to €154,797
of which Other amounts receivable: +€84,391
- Cash -€38,855
down €38,855 (-12.1%), from €321,675 to €282,820
mainly Receivables within one year (-€85,469) and Contributions, distributions and other (-€85,221)
- Tangible fixed assets -€34,963
down €34,963 (-28.3%), from €123,568 to €88,606
of which Land and buildings: -€24,750
- Accrued charges and deferred income +€26,657
up €26,657 (+118%), from €22,677 to €49,334
- Tax, wage and social debts -€7,382
down €7,382 (-20.1%), from €36,680 to €29,298
- Gross operating margin -€26,896
down €26,896 (-15.3%), from €176,150 to €149,254
- Staff costs -€23,415
no longer reported in 2024 (was €23,415)
- Other operating charges -€3,348
down €3,348 (-45.7%), from €7,323 to €3,976
- Depreciation +€2,152
up €2,152 (+6.6%), from €32,810 to €34,963
- Financial charges -€2,111
down €2,111 (-84.6%), from €2,495 to €384
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 | €515,122 | €528,184 | +€13,062 | +2.5% |
| Fixed assets | 21/28 | €124,118 | €89,156 | -€34,963 | -28.2% |
| Tangible fixed assets | 22/27 | €123,568 | €88,606 | -€34,963 | -28.3% |
| Land and buildings | 22 | €74,250 | €49,500 | -€24,750 | -33.3% |
| Plant, machinery and equipment | 23 | €23,657 | €19,147 | -€4,510 | -19.1% |
| Furniture and vehicles | 24 | €25,661 | €19,959 | -€5,702 | -22.2% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €391,003 | €439,028 | +€48,025 | +12.3% |
| Amounts receivable within one year | 40/41 | €69,328 | €154,797 | +€85,469 | +123% |
| Trade receivables | 40 | - | €1,078 | +€1,078 | |
| Other amounts receivable | 41 | €69,328 | €153,719 | +€84,391 | +122% |
| Cash at bank and in hand | 54/58 | €321,675 | €282,820 | -€38,855 | -12.1% |
| Deferred charges and accrued income | 490/1 | - | €1,411 | +€1,411 | |
| Total equity and liabilities | 10/49 | €515,122 | €528,184 | +€13,062 | +2.5% |
| Equity | 10/15 | €452,900 | €449,553 | -€3,347 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,860 | €91,860 | = | 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% |
| Distributable reserves | 133 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €342,440 | €339,093 | -€3,347 | -1.0% |
| Amounts payable | 17/49 | €62,222 | €78,632 | +€16,409 | +26.4% |
| Amounts payable within one year | 42/48 | €39,545 | €29,298 | -€10,248 | -25.9% |
| Trade debts | 44 | €2,865 | - | -€2,865 | |
| Suppliers | 440/4 | €2,865 | - | -€2,865 | |
| Taxes, remuneration and social security | 45 | €36,680 | €29,298 | -€7,382 | -20.1% |
| Taxes | 450/3 | €36,680 | €29,298 | -€7,382 | -20.1% |
| Accrued charges and deferred income | 492/3 | €22,677 | €49,334 | +€26,657 | +118% |
| Non-recurring operating income | 76A | €3,719 | - | -€3,719 | |
| Remuneration, social security and pensions | 62 | €23,415 | - | -€23,415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,810 | €34,963 | +€2,152 | +6.6% |
| Other operating charges | 640/8 | €7,323 | €3,976 | -€3,348 | -45.7% |
| Gross operating margin | 9900 | €176,150 | €149,254 | -€26,896 | -15.3% |
| Operating profit (loss) | 9901 | €112,602 | €110,316 | -€2,285 | -2.0% |
| Financial income | 75/76B | €86 | €1,411 | +€1,326 | +1,550% |
| Recurring financial income | 75 | €86 | €1,411 | +€1,326 | +1,550% |
| Financial charges | 65/66B | €2,495 | €384 | -€2,111 | -84.6% |
| Recurring financial charges | 65 | €2,495 | €384 | -€2,111 | -84.6% |
| Profit (loss) for the period before taxes | 9903 | €110,193 | €111,344 | +€1,152 | +1.0% |
| Income taxes | 67/77 | €29,122 | €29,470 | +€348 | +1.2% |
| Profit (loss) for the period | 9904 | €81,070 | €81,874 | +€804 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,070 | €81,874 | +€804 | +1.0% |
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 17 October 2026 via checked.be.