ADVICE 5: 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.
ADVICE 5
Largest movements
- Receivables within one year +€244,665
up €244,665 (+98.8%), from €247,725 to €492,390
of which Trade receivables: +€236,344
- Cash -€13,521
down €13,521 (-36.3%), from €37,271 to €23,750
mainly Receivables within one year (-€244,665) and Other debts (-€24,000)
- Trade debts +€149,513
up €149,513 (+206.0%), from €72,579 to €222,092
- Advances received +€87,337
new in 2023: €87,337
- Tax, wage and social debts +€30,836
up €30,836 (+30.9%), from €99,888 to €130,724
of which Remuneration and social security: +€37,134
- Other debts -€24,000
no longer reported in 2023 (was €24,000)
- Profit (loss) carried forward -€14,410
down €14,410 (-16.6%), from €87,051 to €72,641
- Staff costs +€84,272
up €84,272 (+162.4%), from €51,906 to €136,179
- Gross operating margin -€41,798
down €41,798 (-23.5%), from €178,129 to €136,331
- Taxes -€28,919
no longer reported in 2023 (was €28,919)
- Other operating charges +€8,205
up €8,205 (+267.5%), from €3,068 to €11,273
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 | €288,518 | €517,794 | +€229,277 | +79.5% |
| Fixed assets | 21/28 | €3,246 | €1,655 | -€1,591 | -49.0% |
| Tangible fixed assets | 22/27 | €3,246 | €1,655 | -€1,591 | -49.0% |
| Furniture and vehicles | 24 | €3,246 | €1,655 | -€1,591 | -49.0% |
| Current assets | 29/58 | €285,272 | €516,140 | +€230,868 | +80.9% |
| Amounts receivable within one year | 40/41 | €247,725 | €492,390 | +€244,665 | +98.8% |
| Trade receivables | 40 | €242,418 | €478,762 | +€236,344 | +97.5% |
| Other amounts receivable | 41 | €5,308 | €13,628 | +€8,321 | +156.8% |
| Cash at bank and in hand | 54/58 | €37,271 | €23,750 | -€13,521 | -36.3% |
| Deferred charges and accrued income | 490/1 | €275 | - | -€275 | |
| Total equity and liabilities | 10/49 | €288,518 | €517,794 | +€229,277 | +79.5% |
| Equity | 10/15 | €92,051 | €77,641 | -€14,410 | -15.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,051 | €72,641 | -€14,410 | -16.6% |
| Amounts payable | 17/49 | €196,467 | €440,154 | +€243,687 | +124.0% |
| Amounts payable within one year | 42/48 | €196,467 | €440,154 | +€243,687 | +124.0% |
| Trade debts | 44 | €72,579 | €222,092 | +€149,513 | +206.0% |
| Suppliers | 440/4 | €72,579 | €222,092 | +€149,513 | +206.0% |
| Advances received on contracts in progress | 46 | - | €87,337 | +€87,337 | |
| Taxes, remuneration and social security | 45 | €99,888 | €130,724 | +€30,836 | +30.9% |
| Taxes | 450/3 | €83,710 | €77,413 | -€6,298 | -7.5% |
| Remuneration and social security | 454/9 | €16,178 | €53,312 | +€37,134 | +229.5% |
| Other amounts payable | 47/48 | €24,000 | - | -€24,000 | |
| Non-recurring operating income | 76A | - | €12,500 | +€12,500 | |
| Remuneration, social security and pensions | 62 | €51,906 | €136,179 | +€84,272 | +162.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €839 | €1,591 | +€752 | +89.6% |
| Other operating charges | 640/8 | €3,068 | €11,273 | +€8,205 | +267.5% |
| Gross operating margin | 9900 | €178,129 | €136,331 | -€41,798 | -23.5% |
| Operating profit (loss) | 9901 | €122,316 | -€12,712 | -€135,028 | |
| Financial income | 75/76B | €73 | €415 | +€342 | +466.5% |
| Recurring financial income | 75 | €73 | €415 | +€342 | +466.5% |
| Financial charges | 65/66B | €888 | €2,113 | +€1,226 | +138.1% |
| Recurring financial charges | 65 | €888 | €2,113 | +€1,226 | +138.1% |
| Profit (loss) for the period before taxes | 9903 | €121,502 | -€14,410 | -€135,912 | |
| Income taxes | 67/77 | €28,919 | - | -€28,919 | |
| Profit (loss) for the period | 9904 | €92,582 | -€14,410 | -€106,992 | |
| Profit (loss) for the period to be appropriated | 9905 | €92,582 | -€14,410 | -€106,992 |
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 8 October 2026 via checked.be.