ADJECTIF: 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.
ADJECTIF
Largest movements
- Cash -€7,860
down €7,860 (-29.0%), from €27,126 to €19,266
mainly Receivables within one year (-€5,224) and Tax, wage and social debts (-€1,751)
- Receivables within one year +€5,224
up €5,224 (+4.1%), from €128,775 to €133,999
of which Other amounts receivable: +€5,223
- Tax, wage and social debts -€1,751
down €1,751 (-38.7%), from €4,525 to €2,774
- Gross operating margin -€16,981
down €16,981 (-94.7%), from €17,927 to €946
- Taxes -€4,351
down €4,351 (-92.6%), from €4,697 to €346
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,874 | €167,238 | -€2,636 | -1.6% |
| Fixed assets | 21/28 | €2,436 | €2,436 | = | 0.0% |
| Financial fixed assets | 28 | €2,436 | €2,436 | = | 0.0% |
| Current assets | 29/58 | €167,438 | €164,802 | -€2,636 | -1.6% |
| Amounts receivable within one year | 40/41 | €128,775 | €133,999 | +€5,224 | +4.1% |
| Trade receivables | 40 | €79,133 | €79,134 | +€1 | 0.0% |
| Other amounts receivable | 41 | €49,642 | €54,865 | +€5,223 | +10.5% |
| Cash at bank and in hand | 54/58 | €27,126 | €19,266 | -€7,860 | -29.0% |
| Deferred charges and accrued income | 490/1 | €11,537 | €11,537 | = | 0.0% |
| Total equity and liabilities | 10/49 | €169,874 | €167,238 | -€2,636 | -1.6% |
| Equity | 10/15 | €48,559 | €48,304 | -€255 | -0.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €345 | €345 | = | 0.0% |
| Non-distributable reserves | 130/1 | €345 | €345 | = | 0.0% |
| Reserves not available under the articles | 1311 | €345 | €345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,622 | €29,367 | -€255 | -0.9% |
| Amounts payable | 17/49 | €121,315 | €118,934 | -€2,381 | -2.0% |
| Amounts payable within one year | 42/48 | €121,315 | €118,934 | -€2,381 | -2.0% |
| Trade debts | 44 | €2,946 | €2,316 | -€630 | -21.4% |
| Suppliers | 440/4 | €1,947 | €1,317 | -€630 | -32.4% |
| Bills of exchange payable | 441 | €999 | €999 | = | 0.0% |
| Advances received on contracts in progress | 46 | €112,440 | €112,440 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,525 | €2,774 | -€1,751 | -38.7% |
| Taxes | 450/3 | €4,525 | €2,774 | -€1,751 | -38.7% |
| Other amounts payable | 47/48 | €1,404 | €1,404 | = | 0.0% |
| Other operating charges | 640/8 | €711 | €810 | +€99 | +13.9% |
| Gross operating margin | 9900 | €17,927 | €946 | -€16,981 | -94.7% |
| Operating profit (loss) | 9901 | €17,216 | €136 | -€17,080 | -99.2% |
| Financial charges | 65/66B | €52 | €45 | -€7 | -13.5% |
| Recurring financial charges | 65 | €52 | €45 | -€7 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €17,164 | €91 | -€17,073 | -99.5% |
| Income taxes | 67/77 | €4,697 | €346 | -€4,351 | -92.6% |
| Profit (loss) for the period | 9904 | €12,467 | -€255 | -€12,722 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,467 | -€255 | -€12,722 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.