2TRANSFORM: 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.
2TRANSFORM
Largest movements
- Tangible fixed assets -€6,960
down €6,960 (-41.8%), from €16,662 to €9,703
of which Land and buildings: -€5,804
- Cash -€5,072
down €5,072 (-91.7%), from €5,533 to €462
mainly Current portion of long-term debt (-€11,869) and Receivables within one year (-€4,951)
- Receivables within one year +€4,951
up €4,951 (+6.3%), from €78,722 to €83,672
of which Trade receivables: +€13,109
- Deferred charges and accrued income +€2,582
up €2,582 (+92.6%), from €2,787 to €5,369
- Current portion of long-term debt -€11,869
no longer reported in 2023 (was €11,869)
- Reserves +€5,067
up €5,067 (+4.0%), from €125,293 to €130,360
of which Distributable reserves: +€5,067
- Tax, wage and social debts -€4,834
down €4,834 (-12.5%), from €38,717 to €33,884
of which Taxes: -€10,834
- Short-term financial debts +€4,411
new in 2023: €4,411
- Trade debts +€2,857
up €2,857 (+46.7%), from €6,113 to €8,969
- Gross operating margin -€10,009
down €10,009 (-27.7%), from €36,166 to €26,157
- Depreciation -€5,938
down €5,938 (-61.1%), from €9,722 to €3,784
- Taxes +€3,404
up €3,404 (+39.2%), from €8,694 to €12,098
- Financial charges -€3,261
down €3,261 (-69.8%), from €4,675 to €1,414
- Other operating charges -€875
down €875 (-22.2%), from €3,943 to €3,068
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,141 | €196,651 | -€4,489 | -2.2% |
| Fixed assets | 21/28 | €16,662 | €9,712 | -€6,951 | -41.7% |
| Tangible fixed assets | 22/27 | €16,662 | €9,703 | -€6,960 | -41.8% |
| Land and buildings | 22 | €5,804 | - | -€5,804 | |
| Plant, machinery and equipment | 23 | €1,786 | - | -€1,786 | |
| Furniture and vehicles | 24 | €9,072 | €7,003 | -€2,069 | -22.8% |
| Other tangible fixed assets | 26 | - | €2,700 | +€2,700 | |
| Financial fixed assets | 28 | - | €9 | +€9 | |
| Current assets | 29/58 | €184,478 | €186,939 | +€2,461 | +1.3% |
| Amounts receivable after more than one year | 29 | €97,436 | €97,436 | = | 0.0% |
| Other amounts receivable | 291 | €97,436 | €97,436 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €78,722 | €83,672 | +€4,951 | +6.3% |
| Trade receivables | 40 | €52,259 | €65,368 | +€13,109 | +25.1% |
| Other amounts receivable | 41 | €26,463 | €18,304 | -€8,158 | -30.8% |
| Cash at bank and in hand | 54/58 | €5,533 | €462 | -€5,072 | -91.7% |
| Deferred charges and accrued income | 490/1 | €2,787 | €5,369 | +€2,582 | +92.6% |
| Total equity and liabilities | 10/49 | €201,141 | €196,651 | -€4,489 | -2.2% |
| Equity | 10/15 | €143,893 | €148,960 | +€5,067 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,293 | €130,360 | +€5,067 | +4.0% |
| 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 | €123,433 | €128,500 | +€5,067 | +4.1% |
| Amounts payable | 17/49 | €57,248 | €47,691 | -€9,557 | -16.7% |
| Amounts payable within one year | 42/48 | €56,699 | €47,264 | -€9,435 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €11,869 | - | -€11,869 | |
| Financial debts | 43 | - | €4,411 | +€4,411 | |
| Credit institutions | 430/8 | - | €4,411 | +€4,411 | |
| Trade debts | 44 | €6,113 | €8,969 | +€2,857 | +46.7% |
| Suppliers | 440/4 | €6,113 | €8,969 | +€2,857 | +46.7% |
| Taxes, remuneration and social security | 45 | €38,717 | €33,884 | -€4,834 | -12.5% |
| Taxes | 450/3 | €38,717 | €27,884 | -€10,834 | -28.0% |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Accrued charges and deferred income | 492/3 | €549 | €427 | -€122 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,722 | €3,784 | -€5,938 | -61.1% |
| Other operating charges | 640/8 | €3,943 | €3,068 | -€875 | -22.2% |
| Non-recurring operating charges | 66A | - | €4,381 | +€4,381 | |
| Gross operating margin | 9900 | €36,166 | €26,157 | -€10,009 | -27.7% |
| Operating profit (loss) | 9901 | €22,501 | €14,924 | -€7,577 | -33.7% |
| Financial income | 75/76B | €2,806 | €3,654 | +€848 | +30.2% |
| Recurring financial income | 75 | €2,806 | €3,654 | +€848 | +30.2% |
| Financial charges | 65/66B | €4,675 | €1,414 | -€3,261 | -69.8% |
| Recurring financial charges | 65 | €4,675 | €1,414 | -€3,261 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | €20,633 | €17,165 | -€3,467 | -16.8% |
| Income taxes | 67/77 | €8,694 | €12,098 | +€3,404 | +39.2% |
| Profit (loss) for the period | 9904 | €11,939 | €5,067 | -€6,872 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,939 | €5,067 | -€6,872 | -57.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.