CO-ORDINATION: 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.
CO-ORDINATION
Largest movements
- Receivables within one year -€64,961
down €64,961 (-78.8%), from €82,429 to €17,467
of which Trade receivables: -€64,501
- Tangible fixed assets -€22,018
down €22,018 (-98.6%), from €22,336 to €318
- Deferred charges and accrued income -€7,919
no longer reported in 2022 (was €7,919)
- Stocks and contracts -€6,194
no longer reported in 2022 (was €6,194)
- Trade debts -€66,829
down €66,829 (-97.6%), from €68,477 to €1,648
- Tax, wage and social debts -€21,317
down €21,317 (-73.4%), from €29,053 to €7,736
of which Taxes: -€13,624
- Profit (loss) carried forward -€17,429
down €17,429 (-2.7%), from -€654,783 to -€672,212
- Other debts +€5,738
up €5,738 (+57.4%), from €10,000 to €15,738
- Turnover -€176,964
down €176,964 (-76.5%), from €231,413 to €54,449
- Purchases and services -€127,975
down €127,975 (-81.3%), from €157,461 to €29,485
- Staff costs -€50,117
down €50,117 (-99.5%), from €50,392 to €275
- Gross operating margin -€48,989
down €48,989 (-66.2%), from €73,952 to €24,963
From the 2019 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,176 | €21,081 | -€100,094 | -82.6% |
| Fixed assets | 21/28 | €22,361 | €343 | -€22,018 | -98.5% |
| Tangible fixed assets | 22/27 | €22,336 | €318 | -€22,018 | -98.6% |
| Furniture and vehicles | 24 | €22,336 | €318 | -€22,018 | -98.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €98,815 | €20,739 | -€78,076 | -79.0% |
| Stocks and contracts in progress | 3 | €6,194 | - | -€6,194 | |
| Stocks | 30/36 | €6,194 | - | -€6,194 | |
| Amounts receivable within one year | 40/41 | €82,429 | €17,467 | -€64,961 | -78.8% |
| Trade receivables | 40 | €81,968 | €17,467 | -€64,501 | -78.7% |
| Other amounts receivable | 41 | €460 | - | -€460 | |
| Cash at bank and in hand | 54/58 | €2,273 | €3,271 | +€999 | +43.9% |
| Deferred charges and accrued income | 490/1 | €7,919 | - | -€7,919 | |
| Total equity and liabilities | 10/49 | €121,176 | €21,081 | -€100,094 | -82.6% |
| Equity | 10/15 | €13,387 | -€4,042 | -€17,429 | |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €606,197 | €606,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€654,783 | -€672,212 | -€17,429 | -2.7% |
| Amounts payable | 17/49 | €107,789 | €25,123 | -€82,666 | -76.7% |
| Amounts payable within one year | 42/48 | €107,530 | €25,123 | -€82,407 | -76.6% |
| Trade debts | 44 | €68,477 | €1,648 | -€66,829 | -97.6% |
| Suppliers | 440/4 | €68,477 | €1,648 | -€66,829 | -97.6% |
| Taxes, remuneration and social security | 45 | €29,053 | €7,736 | -€21,317 | -73.4% |
| Taxes | 450/3 | €21,360 | €7,736 | -€13,624 | -63.8% |
| Remuneration and social security | 454/9 | €7,693 | - | -€7,693 | |
| Other amounts payable | 47/48 | €10,000 | €15,738 | +€5,738 | +57.4% |
| Accrued charges and deferred income | 492/3 | €258 | - | -€258 | |
| Turnover | 70 | €231,413 | €54,449 | -€176,964 | -76.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €157,461 | €29,485 | -€127,975 | -81.3% |
| Remuneration, social security and pensions | 62 | €50,392 | €275 | -€50,117 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,860 | €8,073 | -€787 | -8.9% |
| Other operating charges | 640/8 | €3,166 | €1,188 | -€1,978 | -62.5% |
| Gross operating margin | 9900 | €73,952 | €24,963 | -€48,989 | -66.2% |
| Operating profit (loss) | 9901 | €11,534 | €15,427 | +€3,893 | +33.8% |
| Financial charges | 65/66B | €1,644 | €54 | -€1,591 | -96.7% |
| Recurring financial charges | 65 | €1,444 | €54 | -€1,391 | -96.3% |
| Non-recurring financial charges | 66B | €200 | - | -€200 | |
| Profit (loss) for the period before taxes | 9903 | €9,890 | €15,373 | +€5,483 | +55.4% |
| Profit (loss) for the period | 9904 | €9,890 | €15,373 | +€5,483 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,890 | €15,373 | +€5,483 | +55.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.