CALIBRATED CAPITAL: 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.
CALIBRATED CAPITAL
Largest movements
- Receivables within one year -€127,445
down €127,445 (-54.3%), from €234,722 to €107,277
of which Other amounts receivable: -€128,909
- Cash -€71,853
down €71,853 (-80.1%), from €89,706 to €17,854
mainly Tax, wage and social debts (-€180,269) and Debts after one year (-€19,814)
- Tangible fixed assets -€14,498
down €14,498 (-3.4%), from €424,973 to €410,475
of which Land and buildings: -€13,531
- Tax, wage and social debts -€180,269
no longer reported in 2022 (was €180,269)
- Debts after one year -€19,814
down €19,814 (-6.0%), from €328,747 to €308,933
- Profit (loss) carried forward -€18,496
down €18,496 (-9.3%), from €198,619 to €180,123
- Taxes -€115,501
no longer reported in 2022 (was €115,501)
- Gross operating margin +€2,276
up €2,276 (+28.5%), from -€7,990 to -€5,715
- Financial income -€2,138
down €2,138 (-19.4%), from €11,007 to €8,869
- Other operating charges -€1,968
down €1,968 (-56.5%), from €3,485 to €1,516
- Depreciation -€421
down €421 (-2.8%), from €14,919 to €14,498
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 | €760,873 | €544,474 | -€216,399 | -28.4% |
| Fixed assets | 21/28 | €425,438 | €410,475 | -€14,963 | -3.5% |
| Tangible fixed assets | 22/27 | €424,973 | €410,475 | -€14,498 | -3.4% |
| Land and buildings | 22 | €422,341 | €408,811 | -€13,531 | -3.2% |
| Furniture and vehicles | 24 | €2,632 | €1,664 | -€968 | -36.8% |
| Financial fixed assets | 28 | €465 | - | -€465 | |
| Current assets | 29/58 | €335,435 | €133,999 | -€201,436 | -60.1% |
| Amounts receivable within one year | 40/41 | €234,722 | €107,277 | -€127,445 | -54.3% |
| Trade receivables | 40 | €17,754 | €19,218 | +€1,464 | +8.2% |
| Other amounts receivable | 41 | €216,967 | €88,058 | -€128,909 | -59.4% |
| Cash at bank and in hand | 54/58 | €89,706 | €17,854 | -€71,853 | -80.1% |
| Deferred charges and accrued income | 490/1 | €11,007 | €8,869 | -€2,138 | -19.4% |
| Total equity and liabilities | 10/49 | €760,873 | €544,474 | -€216,399 | -28.4% |
| Equity | 10/15 | €217,169 | €198,673 | -€18,496 | -8.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,550 | €13,550 | = | 0.0% |
| Distributable reserves | 133 | €13,550 | €13,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,619 | €180,123 | -€18,496 | -9.3% |
| Amounts payable | 17/49 | €543,704 | €345,801 | -€197,903 | -36.4% |
| Amounts payable after more than one year | 17 | €328,747 | €308,933 | -€19,814 | -6.0% |
| Financial debts | 170/4 | €328,747 | €308,933 | -€19,814 | -6.0% |
| Amounts payable within one year | 42/48 | €214,957 | €36,868 | -€178,089 | -82.8% |
| Current portion of amounts payable after more than one year | 42 | €19,519 | €19,814 | +€295 | +1.5% |
| Trade debts | 44 | €15,169 | €17,054 | +€1,885 | +12.4% |
| Suppliers | 440/4 | €15,169 | €17,054 | +€1,885 | +12.4% |
| Taxes, remuneration and social security | 45 | €180,269 | - | -€180,269 | |
| Taxes | 450/3 | €180,269 | - | -€180,269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,919 | €14,498 | -€421 | -2.8% |
| Other operating charges | 640/8 | €3,485 | €1,516 | -€1,968 | -56.5% |
| Gross operating margin | 9900 | -€7,990 | -€5,715 | +€2,276 | +28.5% |
| Operating profit (loss) | 9901 | -€26,394 | -€21,729 | +€4,665 | +17.7% |
| Financial income | 75/76B | €11,007 | €8,869 | -€2,138 | -19.4% |
| Recurring financial income | 75 | €11,007 | €8,869 | -€2,138 | -19.4% |
| Financial charges | 65/66B | €6,024 | €5,635 | -€389 | -6.5% |
| Recurring financial charges | 65 | €6,024 | €5,635 | -€389 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,412 | -€18,496 | +€2,916 | +13.6% |
| Income taxes | 67/77 | €115,501 | - | -€115,501 | |
| Profit (loss) for the period | 9904 | -€136,912 | -€18,496 | +€118,417 | +86.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€136,912 | -€18,496 | +€118,417 | +86.5% |
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 17 October 2026 via checked.be.