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Assist RE Development: 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.

What changed

Assist RE Development

BE 0699.701.778
NACE 68.121, Development of residential building projects
fiscal year 2022 against 2023filed annual accounts (NBB)
Net result for the year
€7,158
2022 · -€29,893+€37,051
Equity
€7,370
2022 · €212+€7,158
Cash
€14,615
2022 · €54,262-€39,647
Balance sheet total
€4.5m
2022 · €4.6m-€103,555

Largest movements

2022 to 2023
Assets
  • Financial fixed assets -€62,000

    no longer reported in 2023 (was €62,000)

Equity and liabilities
  • Other debts -€108,775

    down €108,775 (-7.4%), from €1.5m to €1.4m

Income statement
  • Turnover -€191,880

    no longer reported in 2023 (was €191,880)

  • Gross operating margin +€150,736

    up €150,736 (+139.2%), from €108,326 to €259,062

  • Financial charges +€110,595

    up €110,595 (+81.3%), from €135,972 to €246,567

    of which Non-recurring financial charges: +€62,000

  • Purchases and services -€7,270

    down €7,270 (-5.8%), from €125,959 to €118,689

  • Taxes +€4,184

    new in 2023: €4,184

From the 2022 result to the 2023 result

effect on the 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.

Result 2022 -€29,893
Gross operating margin +€150,736
Other operating charges +€1,079
Financial income +€15
Financial charges -€110,595
Taxes -€4,184
Result 2023 €7,158

Cash bridge derived

cash 2022 to 2023

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.

From operations -€101,647
Investment +€62,000
Financing €0
Cash 2022 €54,262
Net result for the year +€7,158
Receivables within one year +€1,908
Trade debts +€11,881
Tax, wage and social debts +€4,184
Other debts -€108,775
Accrued charges and deferred income -€18,003
Investment in fixed assets (net) +€62,000
Cash 2023 €14,615
Every line side by side 41 lines
Line Code 2022 2023 Change %
Total assets 20/58 €4,562,377 €4,458,822 -€103,555 -2.3%
Fixed assets 21/28 €62,000 - -€62,000
Financial fixed assets 28 €62,000 - -€62,000
Current assets 29/58 €4,500,377 €4,458,822 -€41,555 -0.9%
Stocks and contracts in progress 3 €4,406,586 €4,406,586 = 0.0%
Contracts in progress 37 €4,406,586 €4,406,586 = 0.0%
Amounts receivable within one year 40/41 €39,528 €37,620 -€1,908 -4.8%
Trade receivables 40 €34,156 €29,753 -€4,403 -12.9%
Other amounts receivable 41 €5,373 €7,867 +€2,494 +46.4%
Cash at bank and in hand 54/58 €54,262 €14,615 -€39,647 -73.1%
Total equity and liabilities 10/49 €4,562,377 €4,458,822 -€103,555 -2.3%
Equity 10/15 €212 €7,370 +€7,158 +3383.5%
Contributions 10/11 €80,000 €80,000 = 0.0%
Capital 10 €80,000 €80,000 = 0.0%
Issued capital 100 €80,000 €80,000 = 0.0%
Profit (loss) carried forward 14 -€79,788 -€72,630 +€7,158 +9.0%
Amounts payable 17/49 €4,562,165 €4,451,452 -€110,713 -2.4%
Amounts payable within one year 42/48 €4,509,191 €4,416,480 -€92,710 -2.1%
Financial debts 43 €3,017,592 €3,017,592 = 0.0%
Credit institutions 430/8 €3,017,592 €3,017,592 = 0.0%
Trade debts 44 €17,507 €29,388 +€11,881 +67.9%
Suppliers 440/4 €17,507 €29,388 +€11,881 +67.9%
Taxes, remuneration and social security 45 - €4,184 +€4,184
Taxes 450/3 - €4,184 +€4,184
Other amounts payable 47/48 €1,474,092 €1,365,316 -€108,775 -7.4%
Accrued charges and deferred income 492/3 €52,974 €34,971 -€18,003 -34.0%
Turnover 70 €191,880 - -€191,880
Non-recurring operating income 76A - €287,998 +€287,998
Goods, raw materials, services and sundry goods 60/61 €125,959 €118,689 -€7,270 -5.8%
Other operating charges 640/8 €2,256 €1,177 -€1,079 -47.8%
Gross operating margin 9900 €108,326 €259,062 +€150,736 +139.2%
Operating profit (loss) 9901 €106,070 €257,885 +€151,815 +143.1%
Financial income 75/76B €9 €25 +€15 +168.7%
Recurring financial income 75 €9 €25 +€15 +168.7%
Financial charges 65/66B €135,972 €246,567 +€110,595 +81.3%
Recurring financial charges 65 €135,972 €184,567 +€48,595 +35.7%
Non-recurring financial charges 66B - €62,000 +€62,000
Profit (loss) for the period before taxes 9903 -€29,893 €11,343 +€41,236
Income taxes 67/77 - €4,184 +€4,184
Profit (loss) for the period 9904 -€29,893 €7,158 +€37,051
Profit (loss) for the period to be appropriated 9905 -€29,893 €7,158 +€37,051

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 30 September 2026 via checked.be.