AR: 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.
AR
Largest movements
- Receivables within one year +€801,054
up €801,054 (+202%), from €396,573 to €1.2m
of which Trade receivables: +€652,028
- Cash +€26,723
up €26,723 (+131%), from €20,410 to €47,133
mainly Other debts (+€812,299) and Trade debts (+€23,412)
- Other debts +€812,299
up €812,299 (+171%), from €475,134 to €1.3m
- Trade debts +€23,412
up €23,412 (+31.1%), from €75,259 to €98,671
- Profit (loss) carried forward -€21,138
down €21,138 (-1,628%), from -€1,299 to -€22,437
- Purchases and services +€131,229
new in 2023: €131,229
- Turnover +€107,750
new in 2023: €107,750
- Gross operating margin -€31,316
down €31,316, from €7,836 to -€23,479
- Financial income +€19,327
up €19,327 (+255%), from €7,588 to €26,915
- Financial charges +€10,451
up €10,451 (+12,233%), from €85 to €10,537
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 | €1,173,967 | €1,989,032 | +€815,064 | +69.4% |
| Fixed assets | 21/28 | €747,984 | €735,272 | -€12,713 | -1.7% |
| Intangible fixed assets | 21 | €600 | €600 | = | 0.0% |
| Tangible fixed assets | 22/27 | €712,384 | €699,672 | -€12,713 | -1.8% |
| Land and buildings | 22 | €707,373 | €695,032 | -€12,341 | -1.7% |
| Plant, machinery and equipment | 23 | €5,011 | €4,640 | -€371 | -7.4% |
| Financial fixed assets | 28 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €425,983 | €1,253,760 | +€827,777 | +194% |
| Amounts receivable within one year | 40/41 | €396,573 | €1,197,627 | +€801,054 | +202% |
| Trade receivables | 40 | €94,882 | €746,910 | +€652,028 | +687% |
| Other amounts receivable | 41 | €301,691 | €450,717 | +€149,026 | +49.4% |
| Cash at bank and in hand | 54/58 | €20,410 | €47,133 | +€26,723 | +131% |
| Deferred charges and accrued income | 490/1 | €9,000 | €9,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,173,967 | €1,989,032 | +€815,064 | +69.4% |
| Equity | 10/15 | €600,325 | €579,187 | -€21,138 | -3.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €565,688 | €565,688 | = | 0.0% |
| Reserves | 13 | €17,343 | €17,343 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,484 | €15,484 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,299 | -€22,437 | -€21,138 | -1,628% |
| Amounts payable | 17/49 | €573,642 | €1,409,845 | +€836,203 | +146% |
| Amounts payable within one year | 42/48 | €573,642 | €1,409,845 | +€836,203 | +146% |
| Financial debts | 43 | €18,799 | €18,799 | = | 0.0% |
| Credit institutions | 430/8 | €18,799 | €18,799 | = | 0.0% |
| Trade debts | 44 | €75,259 | €98,671 | +€23,412 | +31.1% |
| Suppliers | 440/4 | €75,259 | €98,671 | +€23,412 | +31.1% |
| Taxes, remuneration and social security | 45 | €4,450 | €4,941 | +€491 | +11.0% |
| Taxes | 450/3 | €4,450 | €4,941 | +€491 | +11.0% |
| Other amounts payable | 47/48 | €475,134 | €1,287,433 | +€812,299 | +171% |
| Turnover | 70 | - | €107,750 | +€107,750 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €131,229 | +€131,229 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,245 | €13,988 | +€4,743 | +51.3% |
| Other operating charges | 640/8 | €3,116 | €50 | -€3,067 | -98.4% |
| Gross operating margin | 9900 | €7,836 | -€23,479 | -€31,316 | |
| Operating profit (loss) | 9901 | -€4,525 | -€37,516 | -€32,992 | -729% |
| Financial income | 75/76B | €7,588 | €26,915 | +€19,327 | +255% |
| Recurring financial income | 75 | €7,588 | €26,915 | +€19,327 | +255% |
| Financial charges | 65/66B | €85 | €10,537 | +€10,451 | +12,233% |
| Recurring financial charges | 65 | €85 | €10,537 | +€10,451 | +12,233% |
| Profit (loss) for the period before taxes | 9903 | €2,978 | -€21,138 | -€24,116 | |
| Income taxes | 67/77 | €401 | - | -€401 | |
| Profit (loss) for the period | 9904 | €2,576 | -€21,138 | -€23,715 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,576 | -€21,138 | -€23,715 |
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 24 October 2026 via checked.be.