CLASS - X: 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.
What changed
CLASS - X
NACE 79.110, Travel agency activities
financial year 2022 compared with 2021filed annual accounts (NBB)
Net result for the year
-€604,821
2021 · €7,978-€612,799
Equity
-€483,956
2021 · €120,866-€604,821
Cash
€21,992
2021 · €20,608+€1,385
Balance sheet total
€602,252
2021 · €1.2m-€602,076
Largest movements
Assets
- Stocks and contracts -€678,332
down €678,332 (-87.9%), from €771,425 to €93,093
- Receivables within one year +€89,908
up €89,908 (+30.9%), from €290,908 to €380,816
of which Trade receivables: +€119,296
- Deferred charges and accrued income -€24,587
no longer reported in 2022 (was €24,587)
Equity and liabilities
- Other debts -€720,702
down €720,702 (-88.6%), from €813,795 to €93,093
- Profit (loss) carried forward -€604,821
down €604,821, from €10,866 to -€593,956
- Debts after one year +€401,023
up €401,023 (+841%), from €47,683 to €448,706
- Trade debts +€160,320
new in 2022: €160,320
- Current portion of long-term debt +€118,827
up €118,827 (+474%), from €25,092 to €143,918
Income statement
- Gross operating margin -€587,117
down €587,117, from €46,590 to -€540,527
- Write-downs +€32,715
new in 2022: €32,715
- Staff costs -€11,044
down €11,044 (-52.7%), from €20,947 to €9,903
- Other operating charges +€9,432
up €9,432 (+868%), from €1,086 to €10,518
- Taxes +€8,920
up €8,920 (+8,407%), from €106 to €9,026
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.
Result 2021
€7,978
Gross operating margin
-€587,117
Staff costs
+€11,044
Depreciation
+€321
Write-downs
-€32,715
Other operating charges
-€9,432
Financial income
+€8,746
Financial charges
+€5,273
Taxes
-€8,920
Result 2022
-€604,821
raises the resultlowers the result
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.
From operations
-€534,367
Investment
-€10,776
Financing
+€546,527
Cash 2021
€20,608
From operations (derived)
-€534,367
Net result for the year
-€604,821
Depreciation
+€1,225
Stocks and contracts
+€678,332
Receivables within one year
-€89,908
Deferred charges and accrued income
+€24,587
Trade debts
+€160,320
Tax, wage and social debts
+€14,379
Other debts
-€720,702
Accrued charges and deferred income
+€2,220
Investment (derived)
-€10,776
Investment in fixed assets (net)
-€10,776
Financing
+€546,527
Debts after one year
+€401,023
Current portion of long-term debt
+€118,827
Short-term financial debts
+€26,677
Cash 2022
€21,992
brings cash intakes cash out
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,204,328 | €602,252 | -€602,076 | -50.0% |
| Fixed assets | 21/28 | €3,300 | €12,851 | +€9,551 | +289% |
| Tangible fixed assets | 22/27 | - | €7,451 | +€7,451 | |
| Other tangible fixed assets | 26 | - | €7,451 | +€7,451 | |
| Financial fixed assets | 28 | €3,300 | €5,400 | +€2,100 | +63.6% |
| Current assets | 29/58 | €1,201,028 | €589,402 | -€611,626 | -50.9% |
| Amounts receivable after more than one year | 29 | €93,500 | €93,500 | = | 0.0% |
| Other amounts receivable | 291 | €93,500 | €93,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €771,425 | €93,093 | -€678,332 | -87.9% |
| Contracts in progress | 37 | €771,425 | €93,093 | -€678,332 | -87.9% |
| Amounts receivable within one year | 40/41 | €290,908 | €380,816 | +€89,908 | +30.9% |
| Trade receivables | 40 | €256,040 | €375,336 | +€119,296 | +46.6% |
| Other amounts receivable | 41 | €34,868 | €5,480 | -€29,388 | -84.3% |
| Cash at bank and in hand | 54/58 | €20,608 | €21,992 | +€1,385 | +6.7% |
| Deferred charges and accrued income | 490/1 | €24,587 | - | -€24,587 | |
| Total equity and liabilities | 10/49 | €1,204,328 | €602,252 | -€602,076 | -50.0% |
| Equity | 10/15 | €120,866 | -€483,956 | -€604,821 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,866 | -€593,956 | -€604,821 | |
| Amounts payable | 17/49 | €1,083,462 | €1,086,208 | +€2,745 | +0.3% |
| Amounts payable after more than one year | 17 | €47,683 | €448,706 | +€401,023 | +841% |
| Financial debts | 170/4 | €47,683 | €448,706 | +€401,023 | +841% |
| Amounts payable within one year | 42/48 | €1,035,779 | €635,281 | -€400,498 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €25,092 | €143,918 | +€118,827 | +474% |
| Financial debts | 43 | €196,456 | €223,134 | +€26,677 | +13.6% |
| Credit institutions | 430/8 | €196,456 | €223,134 | +€26,677 | +13.6% |
| Trade debts | 44 | - | €160,320 | +€160,320 | |
| Suppliers | 440/4 | - | €160,320 | +€160,320 | |
| Taxes, remuneration and social security | 45 | €437 | €14,816 | +€14,379 | +3,292% |
| Taxes | 450/3 | €106 | €14,816 | +€14,710 | +13,864% |
| Remuneration and social security | 454/9 | €331 | - | -€331 | |
| Other amounts payable | 47/48 | €813,795 | €93,093 | -€720,702 | -88.6% |
| Accrued charges and deferred income | 492/3 | - | €2,220 | +€2,220 | |
| Remuneration, social security and pensions | 62 | €20,947 | €9,903 | -€11,044 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,546 | €1,225 | -€321 | -20.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €32,715 | +€32,715 | |
| Other operating charges | 640/8 | €1,086 | €10,518 | +€9,432 | +868% |
| Gross operating margin | 9900 | €46,590 | -€540,527 | -€587,117 | |
| Operating profit (loss) | 9901 | €23,011 | -€594,888 | -€617,898 | |
| Financial income | 75/76B | €397 | €9,144 | +€8,746 | +2,203% |
| Recurring financial income | 75 | €397 | €9,144 | +€8,746 | +2,203% |
| Financial charges | 65/66B | €15,324 | €10,051 | -€5,273 | -34.4% |
| Recurring financial charges | 65 | €15,324 | €10,051 | -€5,273 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €8,084 | -€595,795 | -€603,879 | |
| Income taxes | 67/77 | €106 | €9,026 | +€8,920 | +8,407% |
| Profit (loss) for the period | 9904 | €7,978 | -€604,821 | -€612,799 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,978 | -€604,821 | -€612,799 |
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 26 October 2026 via checked.be.