B.I ETS: 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.
B.I ETS
Largest movements
- Deferred charges and accrued income -€31,742
down €31,742 (-98.9%), from €32,084 to €342
- Receivables within one year -€16,626
down €16,626 (-77.6%), from €21,436 to €4,810
of which Trade receivables: -€18,151
- Cash -€11,102
down €11,102 (-90.4%), from €12,284 to €1,183
mainly Trade debts (-€38,461) and Net result for the year (-€29,104)
- Tangible fixed assets -€2,811
down €2,811 (-8.3%), from €33,975 to €31,164
- Intangible fixed assets -€2,450
down €2,450 (-12.1%), from €20,197 to €17,747
- Trade debts -€38,461
down €38,461 (-57.0%), from €67,495 to €29,034
- Profit (loss) carried forward -€29,104
down €29,104 (-230.9%), from -€12,604 to -€41,708
- Tax, wage and social debts +€9,258
up €9,258 (+193.7%), from €4,780 to €14,038
of which Taxes: +€5,335
- Debts after one year -€9,163
down €9,163 (-21.4%), from €42,749 to €33,585
- Other debts +€4,883
up €4,883 (+125.0%), from €3,905 to €8,787
- Gross operating margin -€60,645
down €60,645 (-68.6%), from €88,446 to €27,801
- Staff costs -€43,783
down €43,783 (-50.7%), from €86,396 to €42,613
- Other operating charges +€1,730
up €1,730 (+108.7%), from €1,592 to €3,321
- Depreciation -€1,216
down €1,216 (-16.5%), from €7,377 to €6,161
- Financial charges -€1,002
down €1,002 (-17.9%), from €5,586 to €4,584
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 | €122,366 | €57,875 | -€64,491 | -52.7% |
| Fixed assets | 21/28 | €55,763 | €50,502 | -€5,261 | -9.4% |
| Intangible fixed assets | 21 | €20,197 | €17,747 | -€2,450 | -12.1% |
| Tangible fixed assets | 22/27 | €33,975 | €31,164 | -€2,811 | -8.3% |
| Plant, machinery and equipment | 23 | €33,975 | €31,164 | -€2,811 | -8.3% |
| Financial fixed assets | 28 | €1,590 | €1,590 | = | 0.0% |
| Current assets | 29/58 | €66,603 | €7,373 | -€59,230 | -88.9% |
| Stocks and contracts in progress | 3 | €798 | €1,038 | +€240 | +30.0% |
| Stocks | 30/36 | €798 | €1,038 | +€240 | +30.0% |
| Amounts receivable within one year | 40/41 | €21,436 | €4,810 | -€16,626 | -77.6% |
| Trade receivables | 40 | €18,719 | €568 | -€18,151 | -97.0% |
| Other amounts receivable | 41 | €2,716 | €4,242 | +€1,525 | +56.2% |
| Cash at bank and in hand | 54/58 | €12,284 | €1,183 | -€11,102 | -90.4% |
| Deferred charges and accrued income | 490/1 | €32,084 | €342 | -€31,742 | -98.9% |
| Total equity and liabilities | 10/49 | €122,366 | €57,875 | -€64,491 | -52.7% |
| Equity | 10/15 | -€8,604 | -€37,708 | -€29,104 | -338.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,604 | -€41,708 | -€29,104 | -230.9% |
| Amounts payable | 17/49 | €130,969 | €95,583 | -€35,387 | -27.0% |
| Amounts payable after more than one year | 17 | €42,749 | €33,585 | -€9,163 | -21.4% |
| Financial debts | 170/4 | €42,749 | €33,585 | -€9,163 | -21.4% |
| Amounts payable within one year | 42/48 | €85,021 | €61,023 | -€23,997 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €8,840 | €9,163 | +€323 | +3.7% |
| Trade debts | 44 | €67,495 | €29,034 | -€38,461 | -57.0% |
| Suppliers | 440/4 | €67,495 | €29,034 | -€38,461 | -57.0% |
| Taxes, remuneration and social security | 45 | €4,780 | €14,038 | +€9,258 | +193.7% |
| Taxes | 450/3 | €344 | €5,678 | +€5,335 | +1551.4% |
| Remuneration and social security | 454/9 | €4,436 | €8,360 | +€3,923 | +88.4% |
| Other amounts payable | 47/48 | €3,905 | €8,787 | +€4,883 | +125.0% |
| Accrued charges and deferred income | 492/3 | €3,200 | €974 | -€2,226 | -69.6% |
| Remuneration, social security and pensions | 62 | €86,396 | €42,613 | -€43,783 | -50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,377 | €6,161 | -€1,216 | -16.5% |
| Other operating charges | 640/8 | €1,592 | €3,321 | +€1,730 | +108.7% |
| Gross operating margin | 9900 | €88,446 | €27,801 | -€60,645 | -68.6% |
| Operating profit (loss) | 9901 | -€6,919 | -€24,295 | -€17,376 | -251.1% |
| Financial income | 75/76B | €215 | €0 | -€215 | -100.0% |
| Recurring financial income | 75 | €215 | €0 | -€215 | -100.0% |
| Financial charges | 65/66B | €5,586 | €4,584 | -€1,002 | -17.9% |
| Recurring financial charges | 65 | €5,586 | €4,584 | -€1,002 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,290 | -€28,878 | -€16,589 | -135.0% |
| Income taxes | 67/77 | €314 | €226 | -€88 | -27.9% |
| Profit (loss) for the period | 9904 | -€12,604 | -€29,104 | -€16,501 | -130.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,604 | -€29,104 | -€16,501 | -130.9% |
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 9 October 2026 via checked.be.