ANDRE LAMBRECHTS: 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.
ANDRE LAMBRECHTS
Largest movements
- Receivables within one year +€70,159
up €70,159 (+35.6%), from €197,133 to €267,292
of which Trade receivables: +€60,228
- Tangible fixed assets -€15,599
down €15,599 (-30.8%), from €50,660 to €35,061
- Stocks and contracts +€11,336
up €11,336 (+3.3%), from €338,719 to €350,055
of which Contracts in progress: +€8,908
- Debts after one year +€100,860
up €100,860 (+55.0%), from €183,262 to €284,122
of which Other amounts payable: +€109,144
- Trade debts -€44,887
down €44,887 (-14.3%), from €313,089 to €268,202
- Profit (loss) carried forward +€13,642
up €13,642 (+56.0%), from -€24,366 to -€10,724
- Reserves -€8,075
down €8,075 (-81.3%), from €9,935 to €1,860
of which Distributable reserves: -€8,075
- Staff costs -€16,907
down €16,907 (-20.7%), from €81,525 to €64,618
- Gross operating margin +€12,044
up €12,044 (+13.0%), from €92,356 to €104,401
- Financial income -€11,923
down €11,923 (-100.0%), from €11,923 to €0
of which Non-recurring financial income: -€11,765
- Financial charges +€4,057
up €4,057 (+53.4%), from €7,604 to €11,661
- Depreciation -€2,931
down €2,931 (-14.3%), from €20,476 to €17,546
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 | €589,710 | €657,574 | +€67,864 | +11.5% |
| Fixed assets | 21/28 | €51,806 | €36,248 | -€15,558 | -30.0% |
| Tangible fixed assets | 22/27 | €50,660 | €35,061 | -€15,599 | -30.8% |
| Land and buildings | 22 | €22,258 | €15,092 | -€7,166 | -32.2% |
| Plant, machinery and equipment | 23 | €27,068 | €19,635 | -€7,433 | -27.5% |
| Furniture and vehicles | 24 | €1,333 | €333 | -€1,000 | -75.0% |
| Financial fixed assets | 28 | €1,146 | €1,188 | +€41 | +3.6% |
| Current assets | 29/58 | €537,904 | €621,326 | +€83,422 | +15.5% |
| Stocks and contracts in progress | 3 | €338,719 | €350,055 | +€11,336 | +3.3% |
| Stocks | 30/36 | €170,907 | €173,335 | +€2,428 | +1.4% |
| Contracts in progress | 37 | €167,813 | €176,720 | +€8,908 | +5.3% |
| Amounts receivable within one year | 40/41 | €197,133 | €267,292 | +€70,159 | +35.6% |
| Trade receivables | 40 | €187,633 | €247,860 | +€60,228 | +32.1% |
| Other amounts receivable | 41 | €9,501 | €19,431 | +€9,931 | +104.5% |
| Cash at bank and in hand | 54/58 | €2,052 | €3,979 | +€1,928 | +93.9% |
| Total equity and liabilities | 10/49 | €589,710 | €657,574 | +€67,864 | +11.5% |
| Equity | 10/15 | €4,169 | €9,736 | +€5,567 | +133.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,935 | €1,860 | -€8,075 | -81.3% |
| 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 | €8,075 | - | -€8,075 | |
| Profit (loss) carried forward | 14 | -€24,366 | -€10,724 | +€13,642 | +56.0% |
| Amounts payable | 17/49 | €585,540 | €647,838 | +€62,298 | +10.6% |
| Amounts payable after more than one year | 17 | €183,262 | €284,122 | +€100,860 | +55.0% |
| Financial debts | 170/4 | €69,663 | €61,378 | -€8,285 | -11.9% |
| Other amounts payable | 178/9 | €113,599 | €222,743 | +€109,144 | +96.1% |
| Amounts payable within one year | 42/48 | €402,046 | €363,686 | -€38,360 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €8,169 | €8,285 | +€116 | +1.4% |
| Financial debts | 43 | €50,159 | €50,000 | -€159 | -0.3% |
| Credit institutions | 430/8 | €159 | - | -€159 | |
| Other loans | 439 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €313,089 | €268,202 | -€44,887 | -14.3% |
| Suppliers | 440/4 | €313,089 | €268,202 | -€44,887 | -14.3% |
| Taxes, remuneration and social security | 45 | €30,630 | €32,200 | +€1,570 | +5.1% |
| Taxes | 450/3 | €7,398 | €15,716 | +€8,318 | +112.4% |
| Remuneration and social security | 454/9 | €23,232 | €16,484 | -€6,748 | -29.0% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €232 | €30 | -€202 | -87.1% |
| Remuneration, social security and pensions | 62 | €81,525 | €64,618 | -€16,907 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,476 | €17,546 | -€2,931 | -14.3% |
| Other operating charges | 640/8 | €2,503 | €5,009 | +€2,506 | +100.2% |
| Gross operating margin | 9900 | €92,356 | €104,401 | +€12,044 | +13.0% |
| Operating profit (loss) | 9901 | -€12,148 | €17,228 | +€29,375 | |
| Financial income | 75/76B | €11,923 | €0 | -€11,923 | -100.0% |
| Recurring financial income | 75 | €158 | €0 | -€158 | -100.0% |
| Non-recurring financial income | 76B | €11,765 | - | -€11,765 | |
| Financial charges | 65/66B | €7,604 | €11,661 | +€4,057 | +53.4% |
| Recurring financial charges | 65 | €7,604 | €11,661 | +€4,057 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,829 | €5,567 | +€13,396 | |
| Income taxes | 67/77 | €293 | - | -€293 | |
| Profit (loss) for the period | 9904 | -€8,121 | €5,567 | +€13,688 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,121 | €5,567 | +€13,688 |
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 10 October 2026 via checked.be.