AS DEVELOP: what changed
AS DEVELOP
Largest movements
- Receivables within one year -€51,207
down €51,207 (-80.4%), from €63,657 to €12,449
of which Trade receivables: -€62,439
- Cash -€3,225
down €3,225 (-22.9%), from €14,094 to €10,870
mainly Net result for the year (-€42,681) and Trade debts (-€17,342)
- Tangible fixed assets -€3,216
down €3,216 (-11.9%), from €27,106 to €23,890
of which Plant, machinery and equipment: -€4,092
- Profit (loss) carried forward -€42,681
down €42,681, from €19,542 to -€23,139
- Trade debts -€17,342
down €17,342 (-32.4%), from €53,577 to €36,235
- Other debts +€2,003
up €2,003 (+15.9%), from €12,617 to €14,621
- Staff costs +€28,096
up €28,096 (+140%), from €20,118 to €48,214
- Gross operating margin -€24,249
down €24,249 (-58.2%), from €41,667 to €17,418
- Depreciation +€9,280
up €9,280 (+525%), from €1,769 to €11,049
- Financial charges +€804
up €804 (+2,419%), from €33 to €838
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,857 | €47,209 | -€57,648 | -55.0% |
| Fixed assets | 21/28 | €27,106 | €23,890 | -€3,216 | -11.9% |
| Tangible fixed assets | 22/27 | €27,106 | €23,890 | -€3,216 | -11.9% |
| Plant, machinery and equipment | 23 | €14,399 | €10,306 | -€4,092 | -28.4% |
| Furniture and vehicles | 24 | €12,708 | €13,584 | +€876 | +6.9% |
| Current assets | 29/58 | €77,751 | €23,319 | -€54,432 | -70.0% |
| Amounts receivable within one year | 40/41 | €63,657 | €12,449 | -€51,207 | -80.4% |
| Trade receivables | 40 | €62,439 | €0 | -€62,439 | -100% |
| Other amounts receivable | 41 | €1,218 | €12,449 | +€11,232 | +922% |
| Cash at bank and in hand | 54/58 | €14,094 | €10,870 | -€3,225 | -22.9% |
| Total equity and liabilities | 10/49 | €104,857 | €47,209 | -€57,648 | -55.0% |
| Equity | 10/15 | €34,542 | -€8,139 | -€42,681 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,542 | -€23,139 | -€42,681 | |
| Amounts payable | 17/49 | €70,315 | €55,348 | -€14,967 | -21.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €70,315 | €55,348 | -€14,967 | -21.3% |
| Trade debts | 44 | €53,577 | €36,235 | -€17,342 | -32.4% |
| Suppliers | 440/4 | €53,577 | €36,235 | -€17,342 | -32.4% |
| Taxes, remuneration and social security | 45 | €4,120 | €4,492 | +€372 | +9.0% |
| Taxes | 450/3 | €0 | €192 | +€192 | |
| Remuneration and social security | 454/9 | €4,120 | €4,300 | +€180 | +4.4% |
| Other amounts payable | 47/48 | €12,617 | €14,621 | +€2,003 | +15.9% |
| Remuneration, social security and pensions | 62 | €20,118 | €48,214 | +€28,096 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,769 | €11,049 | +€9,280 | +525% |
| Other operating charges | 640/8 | €206 | - | -€206 | |
| Gross operating margin | 9900 | €41,667 | €17,418 | -€24,249 | -58.2% |
| Operating profit (loss) | 9901 | €19,575 | -€41,845 | -€61,419 | |
| Financial income | 75/76B | €1 | €1 | +€0 | +51.5% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +51.5% |
| Financial charges | 65/66B | €33 | €838 | +€804 | +2,419% |
| Recurring financial charges | 65 | €33 | €838 | +€804 | +2,419% |
| Profit (loss) for the period before taxes | 9903 | €19,542 | -€42,681 | -€62,223 | |
| Profit (loss) for the period | 9904 | €19,542 | -€42,681 | -€62,223 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,542 | -€42,681 | -€62,223 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.