BALS: 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.
BALS
Largest movements
- Stocks and contracts +€384,200
up €384,200 (+95.2%), from €403,513 to €787,713
of which Stocks: +€402,733
- Receivables within one year +€81,621
up €81,621 (+28.7%), from €284,733 to €366,354
of which Trade receivables: +€95,614
- Receivables after one year +€72,153
up €72,153 (+33.7%), from €214,268 to €286,421
- Cash -€27,296
down €27,296 (-26.7%), from €102,293 to €74,997
mainly Stocks and contracts (-€384,200) and Contributions, distributions and other (-€170,000)
- Tangible fixed assets +€16,289
up €16,289 (+50.9%), from €31,981 to €48,270
of which Leasing and similar rights: +€22,967
- Short-term financial debts +€354,000
new in 2023: €354,000
- Other debts +€99,000
up €99,000 (+20.6%), from €480,000 to €579,000
- Reserves +€65,559
up €65,559 (+25.1%), from €261,436 to €326,995
of which Distributable reserves: +€67,419
- Gross operating margin -€290,470
down €290,470 (-42.0%), from €691,532 to €401,061
- Staff costs -€34,855
down €34,855 (-21.0%), from €165,771 to €130,916
- Financial charges -€31,480
down €31,480 (-81.8%), from €38,486 to €7,006
- Taxes -€19,172
down €19,172 (-44.1%), from €43,498 to €24,326
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 | €1,042,416 | €1,568,901 | +€526,485 | +50.5% |
| Fixed assets | 21/28 | €32,229 | €48,543 | +€16,314 | +50.6% |
| Tangible fixed assets | 22/27 | €31,981 | €48,270 | +€16,289 | +50.9% |
| Plant, machinery and equipment | 23 | €4,671 | €3,266 | -€1,405 | -30.1% |
| Furniture and vehicles | 24 | €5,126 | €3,609 | -€1,517 | -29.6% |
| Leasing and similar rights | 25 | - | €22,967 | +€22,967 | |
| Other tangible fixed assets | 26 | €22,184 | €18,428 | -€3,756 | -16.9% |
| Financial fixed assets | 28 | €249 | €274 | +€25 | +10.1% |
| Current assets | 29/58 | €1,010,187 | €1,520,357 | +€510,171 | +50.5% |
| Amounts receivable after more than one year | 29 | €214,268 | €286,421 | +€72,153 | +33.7% |
| Other amounts receivable | 291 | €214,268 | €286,421 | +€72,153 | +33.7% |
| Stocks and contracts in progress | 3 | €403,513 | €787,713 | +€384,200 | +95.2% |
| Stocks | 30/36 | €373,513 | €776,245 | +€402,733 | +108% |
| Contracts in progress | 37 | €30,000 | €11,468 | -€18,532 | -61.8% |
| Amounts receivable within one year | 40/41 | €284,733 | €366,354 | +€81,621 | +28.7% |
| Trade receivables | 40 | €247,312 | €342,926 | +€95,614 | +38.7% |
| Other amounts receivable | 41 | €37,420 | €23,428 | -€13,992 | -37.4% |
| Cash at bank and in hand | 54/58 | €102,293 | €74,997 | -€27,296 | -26.7% |
| Deferred charges and accrued income | 490/1 | €5,380 | €4,873 | -€507 | -9.4% |
| Total equity and liabilities | 10/49 | €1,042,416 | €1,568,901 | +€526,485 | +50.5% |
| Equity | 10/15 | €276,636 | €342,195 | +€65,559 | +23.7% |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Reserves | 13 | €261,436 | €326,995 | +€65,559 | +25.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €259,576 | €326,995 | +€67,419 | +26.0% |
| Amounts payable | 17/49 | €765,780 | €1,226,705 | +€460,926 | +60.2% |
| Amounts payable after more than one year | 17 | €8,307 | €17,892 | +€9,585 | +115% |
| Financial debts | 170/4 | €8,307 | €17,892 | +€9,585 | +115% |
| Amounts payable within one year | 42/48 | €756,950 | €1,208,814 | +€451,864 | +59.7% |
| Current portion of amounts payable after more than one year | 42 | €14,370 | €7,016 | -€7,354 | -51.2% |
| Financial debts | 43 | - | €354,000 | +€354,000 | |
| Credit institutions | 430/8 | - | €354,000 | +€354,000 | |
| Trade debts | 44 | €218,343 | €215,521 | -€2,821 | -1.3% |
| Suppliers | 440/4 | €218,343 | €215,521 | -€2,821 | -1.3% |
| Taxes, remuneration and social security | 45 | €44,238 | €53,277 | +€9,039 | +20.4% |
| Taxes | 450/3 | €33,094 | €43,821 | +€10,727 | +32.4% |
| Remuneration and social security | 454/9 | €11,144 | €9,456 | -€1,688 | -15.1% |
| Other amounts payable | 47/48 | €480,000 | €579,000 | +€99,000 | +20.6% |
| Accrued charges and deferred income | 492/3 | €523 | - | -€523 | |
| Non-recurring operating income | 76A | €750 | - | -€750 | |
| Remuneration, social security and pensions | 62 | €165,771 | €130,916 | -€34,855 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,668 | €12,420 | -€2,248 | -15.3% |
| Other operating charges | 640/8 | €777 | €4,500 | +€3,723 | +479% |
| Gross operating margin | 9900 | €691,532 | €401,061 | -€290,470 | -42.0% |
| Operating profit (loss) | 9901 | €510,315 | €253,226 | -€257,090 | -50.4% |
| Financial income | 75/76B | €8,635 | €13,665 | +€5,030 | +58.3% |
| Recurring financial income | 75 | €8,635 | €13,665 | +€5,030 | +58.3% |
| Financial charges | 65/66B | €38,486 | €7,006 | -€31,480 | -81.8% |
| Recurring financial charges | 65 | €38,486 | €7,006 | -€31,480 | -81.8% |
| Profit (loss) for the period before taxes | 9903 | €480,464 | €259,885 | -€220,579 | -45.9% |
| Income taxes | 67/77 | €43,498 | €24,326 | -€19,172 | -44.1% |
| Profit (loss) for the period | 9904 | €436,966 | €235,559 | -€201,407 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €436,966 | €235,559 | -€201,407 | -46.1% |
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.