Advantage Deal: 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.
Advantage Deal
Largest movements
- Stocks and contracts +€66,450
new in 2023: €66,450
- Deferred charges and accrued income +€17,745
new in 2023: €17,745
- Tangible fixed assets +€13,181
up €13,181 (+719%), from €1,833 to €15,014
- Cash -€12,978
down €12,978 (-56.1%), from €23,133 to €10,155
mainly Stocks and contracts (-€66,450) and Investment in fixed assets (net) (-€20,400)
- Receivables within one year +€4,028
up €4,028 (+3.6%), from €112,773 to €116,801
- Trade debts +€106,132
up €106,132 (+311%), from €34,153 to €140,285
- Tax, wage and social debts -€15,239
down €15,239 (-30.7%), from €49,713 to €34,474
- Other debts -€7,439
down €7,439 (-21.7%), from €34,320 to €26,881
- Profit (loss) carried forward +€4,972
new in 2023: €4,972
- Financial charges +€16,048
up €16,048 (+15,921%), from €101 to €16,149
- Financial income -€12,043
down €12,043 (-93.6%), from €12,868 to €825
of which Non-recurring financial income: -€12,868
- Taxes -€9,714
down €9,714 (-83.0%), from €11,709 to €1,995
- Depreciation +€6,302
up €6,302 (+688%), from €917 to €7,219
- Gross operating margin -€5,632
down €5,632 (-15.5%), from €36,298 to €30,666
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.
Derived cash bridge
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 | €137,739 | €226,165 | +€88,426 | +64.2% |
| Fixed assets | 21/28 | €1,833 | €15,014 | +€13,181 | +719% |
| Tangible fixed assets | 22/27 | €1,833 | €15,014 | +€13,181 | +719% |
| Furniture and vehicles | 24 | €1,833 | €15,014 | +€13,181 | +719% |
| Current assets | 29/58 | €135,906 | €211,150 | +€75,245 | +55.4% |
| Stocks and contracts in progress | 3 | - | €66,450 | +€66,450 | |
| Stocks | 30/36 | - | €66,450 | +€66,450 | |
| Amounts receivable within one year | 40/41 | €112,773 | €116,801 | +€4,028 | +3.6% |
| Trade receivables | 40 | €112,773 | €116,801 | +€4,028 | +3.6% |
| Cash at bank and in hand | 54/58 | €23,133 | €10,155 | -€12,978 | -56.1% |
| Deferred charges and accrued income | 490/1 | - | €17,745 | +€17,745 | |
| Total equity and liabilities | 10/49 | €137,739 | €226,165 | +€88,426 | +64.2% |
| Equity | 10/15 | €19,553 | €24,524 | +€4,972 | +25.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,353 | €13,353 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €11,498 | €11,498 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €4,972 | +€4,972 | |
| Amounts payable | 17/49 | €118,186 | €201,640 | +€83,454 | +70.6% |
| Amounts payable within one year | 42/48 | €118,186 | €201,640 | +€83,454 | +70.6% |
| Trade debts | 44 | €34,153 | €140,285 | +€106,132 | +311% |
| Suppliers | 440/4 | €34,153 | €140,285 | +€106,132 | +311% |
| Taxes, remuneration and social security | 45 | €49,713 | €34,474 | -€15,239 | -30.7% |
| Taxes | 450/3 | €49,713 | €34,474 | -€15,239 | -30.7% |
| Other amounts payable | 47/48 | €34,320 | €26,881 | -€7,439 | -21.7% |
| Non-recurring operating income | 76A | €12,868 | - | -€12,868 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €917 | €7,219 | +€6,302 | +688% |
| Other operating charges | 640/8 | €1,789 | €1,157 | -€632 | -35.3% |
| Non-recurring operating charges | 66A | €3,400 | - | -€3,400 | |
| Gross operating margin | 9900 | €36,298 | €30,666 | -€5,632 | -15.5% |
| Operating profit (loss) | 9901 | €30,192 | €22,290 | -€7,903 | -26.2% |
| Financial income | 75/76B | €12,868 | €825 | -€12,043 | -93.6% |
| Recurring financial income | 75 | €12,868 | €825 | -€12,043 | -93.6% |
| Non-recurring financial income | 76B | €12,868 | - | -€12,868 | |
| Financial charges | 65/66B | €101 | €16,149 | +€16,048 | +15,921% |
| Recurring financial charges | 65 | €101 | €16,149 | +€16,048 | +15,921% |
| Profit (loss) for the period before taxes | 9903 | €42,959 | €6,966 | -€35,993 | -83.8% |
| Income taxes | 67/77 | €11,709 | €1,995 | -€9,714 | -83.0% |
| Profit (loss) for the period | 9904 | €31,251 | €4,972 | -€26,279 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,251 | €4,972 | -€26,279 | -84.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.