CHAPITRE 1: 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.
CHAPITRE 1
Largest movements
- Receivables within one year +€240,950
up €240,950 (+173%), from €139,231 to €380,181
of which Trade receivables: +€219,891
- Cash -€33,623
down €33,623 (-80.7%), from €41,644 to €8,021
mainly Receivables within one year (-€240,950) and Investment in fixed assets (net) (-€20,894)
- Tangible fixed assets +€20,552
up €20,552 (+403%), from €5,106 to €25,657
- Reserves +€173,125
up €173,125 (+9,308%), from €1,860 to €174,985
of which Distributable reserves: +€173,125
- Profit (loss) carried forward -€115,674
no longer reported in 2023 (was €115,674)
- Trade debts +€108,283
up €108,283 (+798%), from €13,571 to €121,854
- Other debts +€30,000
new in 2023: €30,000
- Tax, wage and social debts +€27,127
up €27,127 (+62.5%), from €43,417 to €70,543
- Gross operating margin +€58,963
up €58,963 (+91.8%), from €64,215 to €123,178
- Staff costs +€13,788
up €13,788 (+92.7%), from €14,867 to €28,655
- Taxes +€12,640
up €12,640 (+79.1%), from €15,976 to €28,616
- Other operating charges +€6,831
up €6,831 (+4,463%), from €153 to €6,984
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.
Derived cash bridge
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 | €188,927 | €417,004 | +€228,077 | +121% |
| Fixed assets | 21/28 | €6,607 | €27,158 | +€20,552 | +311% |
| Tangible fixed assets | 22/27 | €5,106 | €25,657 | +€20,552 | +403% |
| Furniture and vehicles | 24 | €5,106 | €25,657 | +€20,552 | +403% |
| Financial fixed assets | 28 | €1,501 | €1,501 | = | 0.0% |
| Current assets | 29/58 | €182,321 | €389,846 | +€207,525 | +114% |
| Amounts receivable within one year | 40/41 | €139,231 | €380,181 | +€240,950 | +173% |
| Trade receivables | 40 | €49,552 | €269,444 | +€219,891 | +444% |
| Other amounts receivable | 41 | €89,678 | €110,737 | +€21,059 | +23.5% |
| Cash at bank and in hand | 54/58 | €41,644 | €8,021 | -€33,623 | -80.7% |
| Deferred charges and accrued income | 490/1 | €1,446 | €1,644 | +€198 | +13.7% |
| Total equity and liabilities | 10/49 | €188,927 | €417,004 | +€228,077 | +121% |
| Equity | 10/15 | €131,934 | €189,385 | +€57,451 | +43.5% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €174,985 | +€173,125 | +9,308% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €173,125 | +€173,125 | |
| Profit (loss) carried forward | 14 | €115,674 | - | -€115,674 | |
| Amounts payable | 17/49 | €56,993 | €227,619 | +€170,626 | +299% |
| Amounts payable within one year | 42/48 | €56,993 | €227,619 | +€170,626 | +299% |
| Financial debts | 43 | €6 | - | -€6 | |
| Credit institutions | 430/8 | €6 | - | -€6 | |
| Trade debts | 44 | €13,571 | €121,854 | +€108,283 | +798% |
| Suppliers | 440/4 | €13,571 | €121,854 | +€108,283 | +798% |
| Advances received on contracts in progress | 46 | - | €5,222 | +€5,222 | |
| Taxes, remuneration and social security | 45 | €43,417 | €70,543 | +€27,127 | +62.5% |
| Taxes | 450/3 | €43,417 | €70,543 | +€27,127 | +62.5% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Remuneration, social security and pensions | 62 | €14,867 | €28,655 | +€13,788 | +92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,111 | €343 | -€768 | -69.2% |
| Other operating charges | 640/8 | €153 | €6,984 | +€6,831 | +4,463% |
| Gross operating margin | 9900 | €64,215 | €123,178 | +€58,963 | +91.8% |
| Operating profit (loss) | 9901 | €48,083 | €87,195 | +€39,112 | +81.3% |
| Financial income | 75/76B | €224 | €182 | -€42 | -18.7% |
| Recurring financial income | 75 | €224 | €182 | -€42 | -18.7% |
| Financial charges | 65/66B | €1,180 | €1,310 | +€130 | +11.0% |
| Recurring financial charges | 65 | €1,180 | €1,310 | +€130 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €47,127 | €86,067 | +€38,940 | +82.6% |
| Income taxes | 67/77 | €15,976 | €28,616 | +€12,640 | +79.1% |
| Profit (loss) for the period | 9904 | €31,151 | €57,451 | +€26,299 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,151 | €57,451 | +€26,299 | +84.4% |
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 16 October 2026 via checked.be.