CHARLES DUYVER: 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.
CHARLES DUYVER
Largest movements
- Tangible fixed assets -€1.3m
down €1.3m (-47.2%), from €2.8m to €1.5m
- Reserves -€1.5m
down €1.5m (-99.0%), from €1.5m to €14,734
of which Tax-exempt reserves: -€1.5m
- Trade debts -€1.2m
down €1.2m (-99.9%), from €1.2m to €665
- Tax, wage and social debts +€1.1m
new in 2022: €1.1m
- Profit (loss) carried forward +€932,669
up €932,669 (+97.5%), from -€956,550 to -€23,881
- Provisions -€728,526
no longer reported in 2022 (was €728,526)
- Gross operating margin +€3.2m
up €3.2m, from -€12,462 to €3.1m
- Taxes +€1.1m
new in 2022: €1.1m
- Depreciation -€37,336
down €37,336 (-21.3%), from €175,250 to €137,914
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 | €2,825,452 | €1,492,645 | -€1.3m | -47.2% |
| Fixed assets | 21/28 | €2,815,200 | €1,481,086 | -€1.3m | -47.4% |
| Tangible fixed assets | 22/27 | €2,804,000 | €1,481,086 | -€1.3m | -47.2% |
| Furniture and vehicles | 24 | €2,804,000 | €1,481,086 | -€1.3m | -47.2% |
| Financial fixed assets | 28 | €11,200 | - | -€11,200 | |
| Current assets | 29/58 | €10,252 | €11,559 | +€1,308 | +12.8% |
| Amounts receivable within one year | 40/41 | €9,256 | €10,903 | +€1,647 | +17.8% |
| Other amounts receivable | 41 | €9,256 | €10,903 | +€1,647 | +17.8% |
| Cash at bank and in hand | 54/58 | €996 | €657 | -€339 | -34.1% |
| Total equity and liabilities | 10/49 | €2,825,452 | €1,492,645 | -€1.3m | -47.2% |
| Equity | 10/15 | €608,664 | €65,352 | -€543,311 | -89.3% |
| Contributions | 10/11 | €74,500 | €74,500 | = | 0.0% |
| Capital | 10 | €74,500 | €74,500 | = | 0.0% |
| Issued capital | 100 | €74,500 | €74,500 | = | 0.0% |
| Reserves | 13 | €1,490,714 | €14,734 | -€1.5m | -99.0% |
| Non-distributable reserves | 130/1 | - | €14,734 | +€14,734 | |
| Legal reserve | 130 | - | €14,734 | +€14,734 | |
| Tax-exempt reserves | 132 | €1,475,980 | - | -€1.5m | |
| Distributable reserves | 133 | €14,734 | - | -€14,734 | |
| Profit (loss) carried forward | 14 | -€956,550 | -€23,881 | +€932,669 | +97.5% |
| Provisions and deferred taxes | 16 | €728,526 | - | -€728,526 | |
| Deferred taxes | 168 | €728,526 | - | -€728,526 | |
| Amounts payable | 17/49 | €1,488,261 | €1,427,293 | -€60,969 | -4.1% |
| Amounts payable within one year | 42/48 | €1,488,261 | €1,427,293 | -€60,969 | -4.1% |
| Trade debts | 44 | €1,189,753 | €665 | -€1.2m | -99.9% |
| Suppliers | 440/4 | €1,189,753 | €665 | -€1.2m | -99.9% |
| Taxes, remuneration and social security | 45 | - | €1,124,840 | +€1.1m | |
| Taxes | 450/3 | - | €1,124,840 | +€1.1m | |
| Other amounts payable | 47/48 | €298,509 | €301,787 | +€3,279 | +1.1% |
| Non-recurring operating income | 76A | - | €3,149,295 | +€3.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,250 | €137,914 | -€37,336 | -21.3% |
| Other operating charges | 640/8 | €446 | €523 | +€77 | +17.3% |
| Gross operating margin | 9900 | -€12,462 | €3,141,598 | +€3.2m | |
| Operating profit (loss) | 9901 | -€188,157 | €3,003,161 | +€3.2m | |
| Financial charges | 65/66B | €482 | €863 | +€381 | +79.0% |
| Recurring financial charges | 65 | €482 | €863 | +€381 | +79.0% |
| Profit (loss) for the period before taxes | 9903 | -€188,639 | €3,002,298 | +€3.2m | |
| Transfer from deferred taxes | 780 | €53,522 | - | -€53,522 | |
| Transfer to deferred taxes | 680 | - | €321,134 | +€321,134 | |
| Income taxes | 67/77 | - | €1,124,840 | +€1.1m | |
| Profit (loss) for the period | 9904 | -€135,117 | €1,556,324 | +€1.7m | |
| Transfer from tax-exempt reserves | 789 | €103,942 | - | -€103,942 | |
| Transfer to tax-exempt reserves | 689 | - | €623,655 | +€623,655 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,175 | €932,669 | +€963,843 |
Source: filed annual accounts (NBB), financial years ended 30 September 2021 and 30 September 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.