BRUSSELS NORTH PROJECTS: what changed
Two fiscal 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.
BRUSSELS NORTH PROJECTS
Largest movements
- Receivables within one year -€3,599
down €3,599 (-46.3%), from €7,770 to €4,171
of which Trade receivables: -€3,852
- Cash +€2,075
up €2,075 (+76584.5%), from €3 to €2,078
mainly Net result for the year (+€9,239) and Receivables within one year (+€3,599)
- Tangible fixed assets -€1,024
down €1,024 (-50.0%), from €2,048 to €1,024
- Deferred charges and accrued income +€120
up €120 (+29.5%), from €406 to €526
- Debts after one year -€14,000
down €14,000 (-58.3%), from €24,000 to €10,000
- Profit (loss) carried forward +€9,239
up €9,239 (+22.5%), from -€41,055 to -€31,816
- Other debts +€1,147
up €1,147 (+166.2%), from €690 to €1,838
- Tax, wage and social debts +€921
up €921 (+13.6%), from €6,787 to €7,708
- Trade debts +€265
up €265 (+22.0%), from €1,204 to €1,469
- Gross operating margin -€1,040
down €1,040 (-7.3%), from €14,157 to €13,117
- Other operating charges -€634
down €634 (-21.9%), from €2,894 to €2,260
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 | €10,227 | €7,799 | -€2,428 | -23.7% |
| Fixed assets | 21/28 | €2,048 | €1,024 | -€1,024 | -50.0% |
| Tangible fixed assets | 22/27 | €2,048 | €1,024 | -€1,024 | -50.0% |
| Furniture and vehicles | 24 | €2,048 | €1,024 | -€1,024 | -50.0% |
| Current assets | 29/58 | €8,179 | €6,775 | -€1,404 | -17.2% |
| Amounts receivable within one year | 40/41 | €7,770 | €4,171 | -€3,599 | -46.3% |
| Trade receivables | 40 | €7,770 | €3,919 | -€3,852 | -49.6% |
| Other amounts receivable | 41 | - | €253 | +€253 | |
| Cash at bank and in hand | 54/58 | €3 | €2,078 | +€2,075 | +76584.5% |
| Deferred charges and accrued income | 490/1 | €406 | €526 | +€120 | +29.5% |
| Total equity and liabilities | 10/49 | €10,227 | €7,799 | -€2,428 | -23.7% |
| Equity | 10/15 | -€22,455 | -€13,216 | +€9,239 | +41.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,055 | -€31,816 | +€9,239 | +22.5% |
| Amounts payable | 17/49 | €32,681 | €21,015 | -€11,666 | -35.7% |
| Amounts payable after more than one year | 17 | €24,000 | €10,000 | -€14,000 | -58.3% |
| Financial debts | 170/4 | €24,000 | €10,000 | -€14,000 | -58.3% |
| Amounts payable within one year | 42/48 | €8,681 | €11,015 | +€2,334 | +26.9% |
| Trade debts | 44 | €1,204 | €1,469 | +€265 | +22.0% |
| Suppliers | 440/4 | €1,204 | €1,469 | +€265 | +22.0% |
| Taxes, remuneration and social security | 45 | €6,787 | €7,708 | +€921 | +13.6% |
| Taxes | 450/3 | €6,787 | €7,708 | +€921 | +13.6% |
| Other amounts payable | 47/48 | €690 | €1,838 | +€1,147 | +166.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,024 | €1,024 | = | 0.0% |
| Other operating charges | 640/8 | €2,894 | €2,260 | -€634 | -21.9% |
| Gross operating margin | 9900 | €14,157 | €13,117 | -€1,040 | -7.3% |
| Operating profit (loss) | 9901 | €10,238 | €9,833 | -€406 | -4.0% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €262 | €338 | +€77 | +29.4% |
| Recurring financial charges | 65 | €262 | €338 | +€77 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €9,977 | €9,502 | -€475 | -4.8% |
| Income taxes | 67/77 | €344 | €263 | -€81 | -23.6% |
| Profit (loss) for the period | 9904 | €9,633 | €9,239 | -€394 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,633 | €9,239 | -€394 | -4.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.