BART DE SAEGER: 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.
BART DE SAEGER
Largest movements
- Receivables within one year -€9,756
down €9,756 (-6.5%), from €149,503 to €139,747
of which Other amounts receivable: -€5,632
- Intangible fixed assets +€9,104
up €9,104 (+222%), from €4,103 to €13,207
- Cash +€8,669
up €8,669 (+3.1%), from €275,617 to €284,286
mainly Net result for the year (+€17,572) and Receivables within one year (+€9,756)
- Reserves +€17,572
up €17,572 (+4.9%), from €357,346 to €374,918
of which Distributable reserves: +€17,572
- Tax, wage and social debts -€6,722
down €6,722 (-10.1%), from €66,611 to €59,889
of which Taxes: -€10,477
- Gross operating margin -€57,748
down €57,748 (-22.0%), from €262,183 to €204,435
- Other operating charges -€11,136
down €11,136 (-71.7%), from €15,538 to €4,403
- Staff costs +€3,694
up €3,694 (+2.2%), from €164,957 to €168,651
- Depreciation +€3,601
up €3,601 (+164%), from €2,200 to €5,801
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 | €449,128 | €453,786 | +€4,658 | +1.0% |
| Fixed assets | 21/28 | €21,532 | €27,931 | +€6,399 | +29.7% |
| Intangible fixed assets | 21 | €4,103 | €13,207 | +€9,104 | +222% |
| Tangible fixed assets | 22/27 | €10,009 | €7,303 | -€2,705 | -27.0% |
| Plant, machinery and equipment | 23 | €358 | €114 | -€244 | -68.1% |
| Furniture and vehicles | 24 | €9,650 | €7,189 | -€2,462 | -25.5% |
| Financial fixed assets | 28 | €7,420 | €7,420 | = | 0.0% |
| Current assets | 29/58 | €427,596 | €425,855 | -€1,741 | -0.4% |
| Amounts receivable within one year | 40/41 | €149,503 | €139,747 | -€9,756 | -6.5% |
| Trade receivables | 40 | €139,192 | €135,068 | -€4,124 | -3.0% |
| Other amounts receivable | 41 | €10,311 | €4,679 | -€5,632 | -54.6% |
| Cash at bank and in hand | 54/58 | €275,617 | €284,286 | +€8,669 | +3.1% |
| Deferred charges and accrued income | 490/1 | €2,476 | €1,822 | -€654 | -26.4% |
| Total equity and liabilities | 10/49 | €449,128 | €453,786 | +€4,658 | +1.0% |
| Equity | 10/15 | €369,746 | €387,318 | +€17,572 | +4.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €357,346 | €374,918 | +€17,572 | +4.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €355,486 | €373,058 | +€17,572 | +4.9% |
| Amounts payable | 17/49 | €79,381 | €66,468 | -€12,914 | -16.3% |
| Amounts payable after more than one year | 17 | €5,400 | €3,000 | -€2,400 | -44.4% |
| Financial debts | 170/4 | €5,400 | €3,000 | -€2,400 | -44.4% |
| Amounts payable within one year | 42/48 | €70,923 | €63,468 | -€7,455 | -10.5% |
| Trade debts | 44 | €4,312 | €3,568 | -€744 | -17.3% |
| Suppliers | 440/4 | €4,312 | €3,568 | -€744 | -17.3% |
| Taxes, remuneration and social security | 45 | €66,611 | €59,889 | -€6,722 | -10.1% |
| Taxes | 450/3 | €34,922 | €24,445 | -€10,477 | -30.0% |
| Remuneration and social security | 454/9 | €31,689 | €35,445 | +€3,755 | +11.9% |
| Other amounts payable | 47/48 | - | €10 | +€10 | |
| Accrued charges and deferred income | 492/3 | €3,058 | - | -€3,058 | |
| Remuneration, social security and pensions | 62 | €164,957 | €168,651 | +€3,694 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,200 | €5,801 | +€3,601 | +164% |
| Other operating charges | 640/8 | €15,538 | €4,403 | -€11,136 | -71.7% |
| Gross operating margin | 9900 | €262,183 | €204,435 | -€57,748 | -22.0% |
| Operating profit (loss) | 9901 | €79,487 | €25,580 | -€53,907 | -67.8% |
| Financial income | 75/76B | €2 | €0 | -€2 | -95.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -95.5% |
| Financial charges | 65/66B | €885 | €212 | -€673 | -76.0% |
| Recurring financial charges | 65 | €885 | €212 | -€673 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €78,604 | €25,368 | -€53,236 | -67.7% |
| Income taxes | 67/77 | €7,352 | €7,796 | +€444 | +6.0% |
| Profit (loss) for the period | 9904 | €71,251 | €17,572 | -€53,679 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,251 | €17,572 | -€53,679 | -75.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.