Cequel: 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.
Cequel
Largest movements
- Receivables within one year -€20,324
down €20,324 (-28.4%), from €71,523 to €51,199
of which Other amounts receivable: -€30,870
- Cash +€18,930
up €18,930 (+158%), from €11,976 to €30,906
mainly Depreciation (+€34,477) and Receivables within one year (+€20,324)
- Tangible fixed assets -€10,476
down €10,476 (-2.8%), from €370,318 to €359,842
of which Furniture and vehicles: -€18,524
- Tax, wage and social debts -€31,454
down €31,454 (-78.8%), from €39,912 to €8,458
of which Taxes: -€34,586
- Debts after one year -€28,568
down €28,568 (-12.8%), from €223,346 to €194,778
- Trade debts +€17,971
up €17,971 (+148%), from €12,150 to €30,121
- Other debts +€11,736
up €11,736 (+120%), from €9,814 to €21,550
- Advances received +€7,750
up €7,750 (+45.8%), from €16,931 to €24,681
- Write-downs -€26,805
down €26,805, from €6,339 to -€20,466
- Gross operating margin -€18,758
down €18,758 (-16.9%), from €110,836 to €92,078
- Other operating charges +€15,552
up €15,552 (+403%), from €3,857 to €19,409
- Provisions -€7,500
down €7,500 (-60.0%), from €12,500 to €5,000
- Staff costs -€4,057
down €4,057 (-8.2%), from €49,218 to €45,161
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 | €454,201 | €442,331 | -€11,870 | -2.6% |
| Fixed assets | 21/28 | €370,702 | €360,226 | -€10,476 | -2.8% |
| Tangible fixed assets | 22/27 | €370,318 | €359,842 | -€10,476 | -2.8% |
| Land and buildings | 22 | €327,210 | €312,509 | -€14,701 | -4.5% |
| Plant, machinery and equipment | 23 | €7,690 | €30,439 | +€22,749 | +296% |
| Furniture and vehicles | 24 | €35,418 | €16,894 | -€18,524 | -52.3% |
| Financial fixed assets | 28 | €384 | €384 | = | 0.0% |
| Current assets | 29/58 | €83,499 | €82,105 | -€1,394 | -1.7% |
| Amounts receivable within one year | 40/41 | €71,523 | €51,199 | -€20,324 | -28.4% |
| Trade receivables | 40 | €39,347 | €49,893 | +€10,546 | +26.8% |
| Other amounts receivable | 41 | €32,176 | €1,306 | -€30,870 | -95.9% |
| Cash at bank and in hand | 54/58 | €11,976 | €30,906 | +€18,930 | +158% |
| Total equity and liabilities | 10/49 | €454,201 | €442,331 | -€11,870 | -2.6% |
| Equity | 10/15 | €106,402 | €110,727 | +€4,325 | +4.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,598 | -€39,273 | +€4,325 | +9.9% |
| Provisions and deferred taxes | 16 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Major repairs and maintenance | 162 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Amounts payable | 17/49 | €332,799 | €311,604 | -€21,195 | -6.4% |
| Amounts payable after more than one year | 17 | €223,346 | €194,778 | -€28,568 | -12.8% |
| Financial debts | 170/4 | €223,346 | €194,778 | -€28,568 | -12.8% |
| Amounts payable within one year | 42/48 | €106,565 | €113,253 | +€6,688 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €27,758 | €28,443 | +€685 | +2.5% |
| Trade debts | 44 | €12,150 | €30,121 | +€17,971 | +148% |
| Suppliers | 440/4 | €12,150 | €30,121 | +€17,971 | +148% |
| Advances received on contracts in progress | 46 | €16,931 | €24,681 | +€7,750 | +45.8% |
| Taxes, remuneration and social security | 45 | €39,912 | €8,458 | -€31,454 | -78.8% |
| Taxes | 450/3 | €35,070 | €484 | -€34,586 | -98.6% |
| Remuneration and social security | 454/9 | €4,842 | €7,974 | +€3,132 | +64.7% |
| Other amounts payable | 47/48 | €9,814 | €21,550 | +€11,736 | +120% |
| Accrued charges and deferred income | 492/3 | €2,888 | €3,573 | +€685 | +23.7% |
| Remuneration, social security and pensions | 62 | €49,218 | €45,161 | -€4,057 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,981 | €34,477 | -€3,504 | -9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,339 | -€20,466 | -€26,805 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €12,500 | €5,000 | -€7,500 | -60.0% |
| Other operating charges | 640/8 | €3,857 | €19,409 | +€15,552 | +403% |
| Gross operating margin | 9900 | €110,836 | €92,078 | -€18,758 | -16.9% |
| Operating profit (loss) | 9901 | €941 | €8,497 | +€7,556 | +803% |
| Financial income | 75/76B | €218 | €136 | -€82 | -37.6% |
| Recurring financial income | 75 | €218 | €136 | -€82 | -37.6% |
| Non-recurring financial income | 76B | €218 | €136 | -€82 | -37.6% |
| Financial charges | 65/66B | €5,802 | €4,308 | -€1,494 | -25.7% |
| Recurring financial charges | 65 | €5,802 | €4,308 | -€1,494 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,643 | €4,325 | +€8,968 | |
| Profit (loss) for the period | 9904 | -€4,643 | €4,325 | +€8,968 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,643 | €4,325 | +€8,968 |
Source: filed annual accounts (NBB), financial years ended 30 June 2021 and 30 June 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.