A.W.: 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.
A.W.
Largest movements
- Receivables after one year -€30,000
no longer reported in 2023 (was €30,000)
- Cash -€26,339
down €26,339 (-47.3%), from €55,652 to €29,313
mainly Other debts (-€35,898) and Net result for the year (-€27,785)
- Receivables within one year +€9,164
up €9,164 (+211.3%), from €4,338 to €13,502
of which Trade receivables: +€13,502
- Tangible fixed assets -€2,588
down €2,588 (-24.8%), from €10,420 to €7,832
of which Other tangible fixed assets: -€1,327
- Other debts -€35,898
no longer reported in 2023 (was €35,898)
- Profit (loss) carried forward -€27,785
down €27,785, from €25,239 to -€2,545
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Trade debts +€5,208
up €5,208 (+1222.5%), from €426 to €5,634
- Short-term financial debts +€4,833
new in 2023: €4,833
- Gross operating margin -€88,032
down €88,032, from €63,873 to -€24,159
- Taxes -€14,544
no longer reported in 2023 (was €14,544)
- Staff costs -€2,523
no longer reported in 2023 (was €2,523)
- Other operating charges -€708
no longer reported in 2023 (was €708)
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 | €100,470 | €50,707 | -€49,763 | -49.5% |
| Fixed assets | 21/28 | €10,481 | €7,892 | -€2,588 | -24.7% |
| Tangible fixed assets | 22/27 | €10,420 | €7,832 | -€2,588 | -24.8% |
| Furniture and vehicles | 24 | €8,365 | €7,103 | -€1,262 | -15.1% |
| Other tangible fixed assets | 26 | €2,055 | €729 | -€1,327 | -64.5% |
| Financial fixed assets | 28 | €61 | €61 | = | 0.0% |
| Current assets | 29/58 | €89,990 | €42,815 | -€47,175 | -52.4% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €4,338 | €13,502 | +€9,164 | +211.3% |
| Trade receivables | 40 | - | €13,502 | +€13,502 | |
| Other amounts receivable | 41 | €4,338 | - | -€4,338 | |
| Cash at bank and in hand | 54/58 | €55,652 | €29,313 | -€26,339 | -47.3% |
| Total equity and liabilities | 10/49 | €100,470 | €50,707 | -€49,763 | -49.5% |
| Equity | 10/15 | €45,499 | €23,915 | -€21,585 | -47.4% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €7,860 | €7,860 | = | 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 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,239 | -€2,545 | -€27,785 | |
| Amounts payable | 17/49 | €54,971 | €26,793 | -€28,178 | -51.3% |
| Amounts payable within one year | 42/48 | €54,971 | €26,793 | -€28,178 | -51.3% |
| Current portion of amounts payable after more than one year | 42 | €2,347 | - | -€2,347 | |
| Financial debts | 43 | - | €4,833 | +€4,833 | |
| Credit institutions | 430/8 | - | €4,833 | +€4,833 | |
| Trade debts | 44 | €426 | €5,634 | +€5,208 | +1222.5% |
| Suppliers | 440/4 | €426 | €5,634 | +€5,208 | +1222.5% |
| Taxes, remuneration and social security | 45 | €16,300 | €16,326 | +€26 | +0.2% |
| Taxes | 450/3 | €16,300 | €16,326 | +€26 | +0.2% |
| Other amounts payable | 47/48 | €35,898 | - | -€35,898 | |
| Remuneration, social security and pensions | 62 | €2,523 | - | -€2,523 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,053 | €2,588 | -€465 | -15.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€37 | -€37 | |
| Other operating charges | 640/8 | €708 | - | -€708 | |
| Gross operating margin | 9900 | €63,873 | -€24,159 | -€88,032 | |
| Operating profit (loss) | 9901 | €57,589 | -€26,710 | -€84,299 | |
| Financial income | 75/76B | - | €298 | +€298 | |
| Recurring financial income | 75 | - | €298 | +€298 | |
| Financial charges | 65/66B | €1,263 | €1,373 | +€110 | +8.7% |
| Recurring financial charges | 65 | €1,263 | €1,373 | +€110 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €56,326 | -€27,785 | -€84,111 | |
| Income taxes | 67/77 | €14,544 | - | -€14,544 | |
| Profit (loss) for the period | 9904 | €41,782 | -€27,785 | -€69,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,782 | -€27,785 | -€69,567 |
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 3 October 2026 via checked.be.