By UFO: 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.
By UFO
Largest movements
- Tangible fixed assets -€6,335
down €6,335 (-100%), from €6,335 to €0
- Cash -€2,172
down €2,172 (-71.8%), from €3,026 to €854
- Receivables within one year -€844
down €844 (-53.5%), from €1,578 to €734
- Equity -€8,118
down €8,118 (-45.7%), from -€17,766 to -€25,883
of which Profit (loss) carried forward: -€8,118
- Debts after one year -€3,647
no longer reported in 2023 (was €3,647)
- Debts within one year +€2,415
up €2,415 (+9.6%), from €25,057 to €27,472
of which Other debts: +€26,314
- Depreciation -€6,333
no longer reported in 2023 (was €6,333)
- Gross operating margin +€6,239
up €6,239 (+84.4%), from -€7,397 to -€1,157
- Other operating charges +€384
new in 2023: €384
From the 2020 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,938 | €1,588 | -€9,350 | -85.5% |
| Fixed assets | 21/28 | €6,335 | €0 | -€6,335 | -100% |
| Tangible fixed assets | 22/27 | €6,335 | €0 | -€6,335 | -100% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €4,604 | €1,588 | -€3,016 | -65.5% |
| Amounts receivable within one year | 40/41 | €1,578 | €734 | -€844 | -53.5% |
| Other amounts receivable | 41 | - | €734 | +€734 | |
| Cash at bank and in hand | 54/58 | €3,026 | €854 | -€2,172 | -71.8% |
| Total equity and liabilities | 10/49 | €10,938 | €1,588 | -€9,350 | -85.5% |
| Equity | 10/15 | -€17,766 | -€25,883 | -€8,118 | -45.7% |
| Contributions | 10/11 | - | €16,200 | +€16,200 | |
| Profit (loss) carried forward | 14 | -€33,966 | -€42,083 | -€8,118 | -23.9% |
| Amounts payable | 17/49 | €28,704 | €27,472 | -€1,232 | -4.3% |
| Amounts payable after more than one year | 17 | €3,647 | - | -€3,647 | |
| Amounts payable within one year | 42/48 | €25,057 | €27,472 | +€2,415 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Trade debts | 44 | €0 | €1,157 | +€1,157 | |
| Suppliers | 440/4 | - | €1,157 | +€1,157 | |
| Other amounts payable | 47/48 | - | €26,314 | +€26,314 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,333 | - | -€6,333 | |
| Other operating charges | 640/8 | - | €384 | +€384 | |
| Gross operating margin | 9900 | -€7,397 | -€1,157 | +€6,239 | +84.4% |
| Operating profit (loss) | 9901 | -€15,174 | -€1,542 | +€13,632 | +89.8% |
| Financial charges | 65/66B | - | €45 | +€45 | |
| Recurring financial charges | 65 | €214 | €45 | -€169 | -79.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,388 | -€1,587 | +€13,801 | +89.7% |
| Income taxes | 67/77 | €17 | - | -€17 | |
| Profit (loss) for the period | 9904 | -€15,404 | -€1,587 | +€13,818 | +89.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,404 | -€1,587 | +€13,818 | +89.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.