AD LIBITUM: 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.
AD LIBITUM
Largest movements
- Receivables within one year +€23,640
new in 2023: €23,640
- Tangible fixed assets -€18,131
down €18,131 (-26.0%), from €69,700 to €51,569
of which Furniture and vehicles: -€13,265
- Intangible fixed assets -€14,010
down €14,010 (-14.0%), from €100,138 to €86,128
- Deferred charges and accrued income -€9,055
no longer reported in 2023 (was €9,055)
- Other debts -€21,118
down €21,118 (-5.9%), from €356,397 to €335,279
- Trade debts +€17,737
up €17,737 (+482.2%), from €3,678 to €21,416
- Profit (loss) carried forward -€14,033
down €14,033 (-9.2%), from -€151,883 to -€165,916
- Staff costs -€15,526
down €15,526 (-28.8%), from €53,977 to €38,451
- Gross operating margin -€8,821
down €8,821 (-11.7%), from €75,378 to €66,557
- Other operating charges +€950
new in 2023: €950
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 | €223,056 | €207,640 | -€15,416 | -6.9% |
| Fixed assets | 21/28 | €185,138 | €152,996 | -€32,141 | -17.4% |
| Intangible fixed assets | 21 | €100,138 | €86,128 | -€14,010 | -14.0% |
| Tangible fixed assets | 22/27 | €69,700 | €51,569 | -€18,131 | -26.0% |
| Plant, machinery and equipment | 23 | €36,154 | €31,288 | -€4,866 | -13.5% |
| Furniture and vehicles | 24 | €33,546 | €20,281 | -€13,265 | -39.5% |
| Financial fixed assets | 28 | €15,300 | €15,300 | = | 0.0% |
| Current assets | 29/58 | €37,918 | €54,644 | +€16,725 | +44.1% |
| Stocks and contracts in progress | 3 | €13,304 | €14,430 | +€1,125 | +8.5% |
| Stocks | 30/36 | €13,304 | €14,430 | +€1,125 | +8.5% |
| Amounts receivable within one year | 40/41 | - | €23,640 | +€23,640 | |
| Trade receivables | 40 | - | €23,640 | +€23,640 | |
| Cash at bank and in hand | 54/58 | €15,559 | €16,575 | +€1,015 | +6.5% |
| Deferred charges and accrued income | 490/1 | €9,055 | - | -€9,055 | |
| Total equity and liabilities | 10/49 | €223,056 | €207,640 | -€15,416 | -6.9% |
| Equity | 10/15 | -€147,883 | -€161,916 | -€14,033 | -9.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,883 | -€165,916 | -€14,033 | -9.2% |
| Amounts payable | 17/49 | €370,939 | €369,557 | -€1,383 | -0.4% |
| Amounts payable within one year | 42/48 | €370,719 | €367,109 | -€3,610 | -1.0% |
| Trade debts | 44 | €3,678 | €21,416 | +€17,737 | +482.2% |
| Suppliers | 440/4 | €3,678 | €21,416 | +€17,737 | +482.2% |
| Advances received on contracts in progress | 46 | - | €1,045 | +€1,045 | |
| Taxes, remuneration and social security | 45 | €10,644 | €9,369 | -€1,274 | -12.0% |
| Taxes | 450/3 | €5,316 | €5,188 | -€128 | -2.4% |
| Remuneration and social security | 454/9 | €5,328 | €4,181 | -€1,146 | -21.5% |
| Other amounts payable | 47/48 | €356,397 | €335,279 | -€21,118 | -5.9% |
| Accrued charges and deferred income | 492/3 | €220 | €2,447 | +€2,227 | +1012.4% |
| Remuneration, social security and pensions | 62 | €53,977 | €38,451 | -€15,526 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,154 | €32,141 | -€13 | 0.0% |
| Other operating charges | 640/8 | - | €950 | +€950 | |
| Gross operating margin | 9900 | €75,378 | €66,557 | -€8,821 | -11.7% |
| Operating profit (loss) | 9901 | -€10,754 | -€4,986 | +€5,767 | +53.6% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €8,404 | €9,065 | +€661 | +7.9% |
| Recurring financial charges | 65 | €8,404 | €9,065 | +€661 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,157 | -€14,033 | +€5,124 | +26.7% |
| Profit (loss) for the period | 9904 | -€19,157 | -€14,033 | +€5,124 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,157 | -€14,033 | +€5,124 | +26.7% |
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 5 October 2026 via checked.be.