BALKANS: 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.
BALKANS
Largest movements
- Receivables within one year +€58,415
up €58,415 (+531%), from €10,994 to €69,409
of which Trade receivables: +€58,415
- Cash -€8,586
down €8,586 (-81.9%), from €10,484 to €1,898
mainly Receivables within one year (-€58,415) and Receivables after one year (-€5,105)
- Receivables after one year +€5,105
up €5,105 (+3.2%), from €159,539 to €164,644
- Reserves +€47,911
up €47,911 (+43.0%), from €111,496 to €159,407
- Tax, wage and social debts +€7,686
up €7,686 (+36.8%), from €20,907 to €28,593
of which Remuneration and social security: +€5,694
- Taxes +€3,911
up €3,911 (+28.9%), from €13,529 to €17,440
- Staff costs -€3,753
down €3,753 (-8.0%), from €46,964 to €43,211
- Gross operating margin -€1,315
down €1,315 (-1.2%), from €112,279 to €110,964
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 | €186,035 | €240,114 | +€54,079 | +29.1% |
| Fixed assets | 21/28 | €5,018 | €4,070 | -€948 | -18.9% |
| Tangible fixed assets | 22/27 | €5,018 | €4,070 | -€948 | -18.9% |
| Furniture and vehicles | 24 | €5,018 | €4,070 | -€948 | -18.9% |
| Current assets | 29/58 | €181,017 | €236,044 | +€55,027 | +30.4% |
| Amounts receivable after more than one year | 29 | €159,539 | €164,644 | +€5,105 | +3.2% |
| Other amounts receivable | 291 | €159,539 | €164,644 | +€5,105 | +3.2% |
| Amounts receivable within one year | 40/41 | €10,994 | €69,409 | +€58,415 | +531% |
| Trade receivables | 40 | €5,994 | €64,409 | +€58,415 | +975% |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,484 | €1,898 | -€8,586 | -81.9% |
| Deferred charges and accrued income | 490/1 | - | €93 | +€93 | |
| Total equity and liabilities | 10/49 | €186,035 | €240,114 | +€54,079 | +29.1% |
| Equity | 10/15 | €116,496 | €164,407 | +€47,911 | +41.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €111,496 | €159,407 | +€47,911 | +43.0% |
| Distributable reserves | 133 | €111,496 | €159,407 | +€47,911 | +43.0% |
| Amounts payable | 17/49 | €69,539 | €75,707 | +€6,168 | +8.9% |
| Amounts payable within one year | 42/48 | €69,539 | €75,707 | +€6,168 | +8.9% |
| Trade debts | 44 | €17,758 | €16,240 | -€1,518 | -8.5% |
| Suppliers | 440/4 | €17,758 | €16,240 | -€1,518 | -8.5% |
| Advances received on contracts in progress | 46 | €30,874 | €30,874 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €20,907 | €28,593 | +€7,686 | +36.8% |
| Taxes | 450/3 | €19,725 | €21,717 | +€1,992 | +10.1% |
| Remuneration and social security | 454/9 | €1,182 | €6,876 | +€5,694 | +482% |
| Remuneration, social security and pensions | 62 | €46,964 | €43,211 | -€3,753 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,608 | €1,980 | +€372 | +23.1% |
| Other operating charges | 640/8 | €486 | €300 | -€186 | -38.3% |
| Gross operating margin | 9900 | €112,279 | €110,964 | -€1,315 | -1.2% |
| Operating profit (loss) | 9901 | €63,221 | €65,473 | +€2,252 | +3.6% |
| Financial charges | 65/66B | €179 | €122 | -€57 | -31.8% |
| Recurring financial charges | 65 | €179 | €122 | -€57 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €63,042 | €65,351 | +€2,309 | +3.7% |
| Income taxes | 67/77 | €13,529 | €17,440 | +€3,911 | +28.9% |
| Profit (loss) for the period | 9904 | €49,513 | €47,911 | -€1,602 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,513 | €47,911 | -€1,602 | -3.2% |
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 15 October 2026 via checked.be.