BLUE COMPASS: 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.
BLUE COMPASS
Largest movements
- Cash -€102,602
down €102,602 (-33.2%), from €308,833 to €206,231
mainly Debts after one year (-€40,646) and Net result for the year (-€33,862)
- Receivables within one year +€16,861
up €16,861 (+20.3%), from €83,071 to €99,932
of which Other amounts receivable: +€16,383
- Tangible fixed assets +€5,064
up €5,064 (+41.8%), from €12,129 to €17,194
of which Plant, machinery and equipment: +€7,221
- Debts after one year -€40,646
down €40,646 (-18.5%), from €220,020 to €179,375
- Profit (loss) carried forward -€33,862
down €33,862 (-112%), from -€30,300 to -€64,162
- Trade debts -€8,371
down €8,371 (-64.1%), from €13,051 to €4,680
- Gross operating margin +€37,347
up €37,347 (+81.6%), from -€45,795 to -€8,448
- Other operating charges +€13,661
up €13,661 (+500%), from €2,734 to €16,396
- Depreciation +€3,005
up €3,005 (+103%), from €2,903 to €5,908
- Financial income +€2,745
up €2,745 (+96.7%), from €2,840 to €5,585
- Financial charges -€1,665
down €1,665 (-17.2%), from €9,665 to €8,000
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,756 | €324,573 | -€82,183 | -20.2% |
| Fixed assets | 21/28 | €12,129 | €17,194 | +€5,064 | +41.8% |
| Tangible fixed assets | 22/27 | €12,129 | €17,194 | +€5,064 | +41.8% |
| Plant, machinery and equipment | 23 | €2,036 | €9,257 | +€7,221 | +355% |
| Furniture and vehicles | 24 | €10,094 | €7,937 | -€2,157 | -21.4% |
| Current assets | 29/58 | €394,627 | €307,380 | -€87,248 | -22.1% |
| Amounts receivable within one year | 40/41 | €83,071 | €99,932 | +€16,861 | +20.3% |
| Trade receivables | 40 | - | €478 | +€478 | |
| Other amounts receivable | 41 | €83,071 | €99,454 | +€16,383 | +19.7% |
| Cash at bank and in hand | 54/58 | €308,833 | €206,231 | -€102,602 | -33.2% |
| Deferred charges and accrued income | 490/1 | €2,723 | €1,217 | -€1,507 | -55.3% |
| Total equity and liabilities | 10/49 | €406,756 | €324,573 | -€82,183 | -20.2% |
| Equity | 10/15 | €123,848 | €89,987 | -€33,862 | -27.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €147,948 | €147,948 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €146,088 | €146,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,300 | -€64,162 | -€33,862 | -112% |
| Provisions and deferred taxes | 16 | €48,665 | €48,665 | = | 0.0% |
| Deferred taxes | 168 | €48,665 | €48,665 | = | 0.0% |
| Amounts payable | 17/49 | €234,243 | €185,921 | -€48,322 | -20.6% |
| Amounts payable after more than one year | 17 | €220,020 | €179,375 | -€40,646 | -18.5% |
| Financial debts | 170/4 | €220,020 | €179,375 | -€40,646 | -18.5% |
| Amounts payable within one year | 42/48 | €14,223 | €6,547 | -€7,676 | -54.0% |
| Trade debts | 44 | €13,051 | €4,680 | -€8,371 | -64.1% |
| Suppliers | 440/4 | €13,051 | €4,680 | -€8,371 | -64.1% |
| Taxes, remuneration and social security | 45 | €612 | €1,306 | +€695 | +114% |
| Taxes | 450/3 | €612 | €1,306 | +€695 | +114% |
| Other amounts payable | 47/48 | €560 | €560 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,903 | €5,908 | +€3,005 | +103% |
| Other operating charges | 640/8 | €2,734 | €16,396 | +€13,661 | +500% |
| Gross operating margin | 9900 | -€45,795 | -€8,448 | +€37,347 | +81.6% |
| Operating profit (loss) | 9901 | -€51,433 | -€30,751 | +€20,681 | +40.2% |
| Financial income | 75/76B | €2,840 | €5,585 | +€2,745 | +96.7% |
| Recurring financial income | 75 | €2,840 | €5,585 | +€2,745 | +96.7% |
| Financial charges | 65/66B | €9,665 | €8,000 | -€1,665 | -17.2% |
| Recurring financial charges | 65 | €9,665 | €8,000 | -€1,665 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | -€58,258 | -€33,167 | +€25,091 | +43.1% |
| Income taxes | 67/77 | €718 | €695 | -€24 | -3.3% |
| Profit (loss) for the period | 9904 | -€58,977 | -€33,862 | +€25,115 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,977 | -€33,862 | +€25,115 | +42.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.