CIRCUM: 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.
CIRCUM
Largest movements
- Intangible fixed assets -€2,000
down €2,000 (-20.0%), from €10,000 to €8,000
- Trade debts -€4,748
down €4,748 (-77.2%), from €6,147 to €1,399
- Other debts +€1,903
up €1,903 (+2.2%), from €87,579 to €89,483
- Gross operating margin -€16,934
down €16,934 (-81.1%), from €20,892 to €3,958
- Financial charges -€2,471
down €2,471 (-98.2%), from €2,517 to €46
- Other operating charges +€1,191
new in 2023: €1,191
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 | €72,156 | €70,031 | -€2,125 | -2.9% |
| Fixed assets | 21/28 | €10,000 | €8,000 | -€2,000 | -20.0% |
| Intangible fixed assets | 21 | €10,000 | €8,000 | -€2,000 | -20.0% |
| Current assets | 29/58 | €62,156 | €62,031 | -€125 | -0.2% |
| Amounts receivable within one year | 40/41 | €61,997 | €61,997 | = | 0.0% |
| Trade receivables | 40 | €58,537 | €58,537 | = | 0.0% |
| Other amounts receivable | 41 | €3,460 | €3,460 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €159 | €34 | -€125 | -78.6% |
| Total equity and liabilities | 10/49 | €72,156 | €70,031 | -€2,125 | -2.9% |
| Equity | 10/15 | -€21,571 | -€20,850 | +€720 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,771 | -€27,050 | +€720 | +2.6% |
| Amounts payable | 17/49 | €93,726 | €90,881 | -€2,845 | -3.0% |
| Amounts payable within one year | 42/48 | €93,726 | €90,881 | -€2,845 | -3.0% |
| Trade debts | 44 | €6,147 | €1,399 | -€4,748 | -77.2% |
| Suppliers | 440/4 | €6,147 | €1,399 | -€4,748 | -77.2% |
| Other amounts payable | 47/48 | €87,579 | €89,483 | +€1,903 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,000 | = | 0.0% |
| Other operating charges | 640/8 | - | €1,191 | +€1,191 | |
| Gross operating margin | 9900 | €20,892 | €3,958 | -€16,934 | -81.1% |
| Operating profit (loss) | 9901 | €18,892 | €767 | -€18,126 | -95.9% |
| Financial charges | 65/66B | €2,517 | €46 | -€2,471 | -98.2% |
| Recurring financial charges | 65 | €2,517 | €46 | -€2,471 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €16,375 | €720 | -€15,655 | -95.6% |
| Profit (loss) for the period | 9904 | €16,375 | €720 | -€15,655 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,375 | €720 | -€15,655 | -95.6% |
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 21 October 2026 via checked.be.