CAKE: 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.
CAKE
Largest movements
- Receivables within one year +€1.6m
up €1.6m (+952.5%), from €166,789 to €1.8m
of which Other amounts receivable: +€991,564
- Cash -€929,476
down €929,476 (-87.5%), from €1.1m to €132,404
mainly Receivables within one year (-€1.6m) and Net result for the year (-€1.1m)
- Profit (loss) carried forward -€1.1m
down €1.1m (-8.8%), from -€12.0m to -€13.1m
- Debts after one year +€1.0m
new in 2023: €1.0m
- Contributions +€500,000
up €500,000 (+3.9%), from €12.8m to €13.3m
- Other debts +€469,957
up €469,957 (+6672.8%), from €7,043 to €477,000
- Accrued charges and deferred income -€239,405
down €239,405 (-97.4%), from €245,705 to €6,300
- Gross operating margin +€2.1m
up €2.1m (+75.9%), from -€2.8m to -€664,057
- Staff costs -€155,688
down €155,688 (-31.2%), from €498,246 to €342,557
- Financial charges +€66,569
up €66,569 (+207.8%), from €32,033 to €98,602
- Financial income +€57,775
up €57,775 (+17270.0%), from €335 to €58,110
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 | €1,261,627 | €1,920,993 | +€659,366 | +52.3% |
| Fixed assets | 21/28 | €9,225 | €6,564 | -€2,661 | -28.8% |
| Tangible fixed assets | 22/27 | €8,475 | €5,814 | -€2,661 | -31.4% |
| Furniture and vehicles | 24 | €8,475 | €5,814 | -€2,661 | -31.4% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €1,252,402 | €1,914,429 | +€662,027 | +52.9% |
| Amounts receivable within one year | 40/41 | €166,789 | €1,755,453 | +€1.6m | +952.5% |
| Trade receivables | 40 | €47,795 | €644,895 | +€597,100 | +1249.3% |
| Other amounts receivable | 41 | €118,994 | €1,110,558 | +€991,564 | +833.3% |
| Cash at bank and in hand | 54/58 | €1,061,880 | €132,404 | -€929,476 | -87.5% |
| Deferred charges and accrued income | 490/1 | €23,733 | €26,572 | +€2,839 | +12.0% |
| Total equity and liabilities | 10/49 | €1,261,627 | €1,920,993 | +€659,366 | +52.3% |
| Equity | 10/15 | €764,958 | €208,898 | -€556,061 | -72.7% |
| Contributions | 10/11 | €12,800,000 | €13,300,000 | +€500,000 | +3.9% |
| Capital | 10 | €12,800,000 | €13,300,000 | +€500,000 | +3.9% |
| Issued capital | 100 | €12,800,000 | €13,300,000 | +€500,000 | +3.9% |
| Profit (loss) carried forward | 14 | -€12,035,042 | -€13,091,102 | -€1.1m | -8.8% |
| Amounts payable | 17/49 | €496,669 | €1,712,096 | +€1.2m | +244.7% |
| Amounts payable after more than one year | 17 | - | €1,000,000 | +€1.0m | |
| Financial debts | 170/4 | - | €1,000,000 | +€1.0m | |
| Amounts payable within one year | 42/48 | €250,964 | €705,796 | +€454,832 | +181.2% |
| Trade debts | 44 | €203,159 | €225,993 | +€22,834 | +11.2% |
| Suppliers | 440/4 | €203,159 | €225,993 | +€22,834 | +11.2% |
| Taxes, remuneration and social security | 45 | €40,762 | €2,803 | -€37,959 | -93.1% |
| Taxes | 450/3 | €1,862 | €378 | -€1,483 | -79.7% |
| Remuneration and social security | 454/9 | €38,900 | €2,424 | -€36,476 | -93.8% |
| Other amounts payable | 47/48 | €7,043 | €477,000 | +€469,957 | +6672.8% |
| Accrued charges and deferred income | 492/3 | €245,705 | €6,300 | -€239,405 | -97.4% |
| Non-recurring operating income | 76A | €825 | €0 | -€825 | -100.0% |
| Remuneration, social security and pensions | 62 | €498,246 | €342,557 | -€155,688 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,124 | €5,809 | -€1,315 | -18.5% |
| Other operating charges | 640/8 | €930 | €2,767 | +€1,837 | +197.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€2,756,259 | -€664,057 | +€2.1m | +75.9% |
| Operating profit (loss) | 9901 | -€3,262,559 | -€1,015,190 | +€2.2m | +68.9% |
| Financial income | 75/76B | €335 | €58,110 | +€57,775 | +17270.0% |
| Recurring financial income | 75 | €335 | €58,110 | +€57,775 | +17270.0% |
| Financial charges | 65/66B | €32,033 | €98,602 | +€66,569 | +207.8% |
| Recurring financial charges | 65 | €32,033 | €98,602 | +€66,569 | +207.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,294,258 | -€1,055,682 | +€2.2m | +68.0% |
| Income taxes | 67/77 | €650 | €378 | -€271 | -41.7% |
| Profit (loss) for the period | 9904 | -€3,294,907 | -€1,056,060 | +€2.2m | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,294,907 | -€1,056,060 | +€2.2m | +67.9% |
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 10 October 2026 via checked.be.