COVERS VALUES: what changed
Two fiscal 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.
COVERS VALUES
Largest movements
- Receivables within one year -€31,005
down €31,005 (-66.7%), from €46,502 to €15,498
of which Trade receivables: -€31,520
- Cash -€7,762
down €7,762 (-15.2%), from €51,050 to €43,288
mainly Net result for the year (-€51,268) and Trade debts (-€23,434)
- Tangible fixed assets -€6,222
down €6,222 (-6.8%), from €91,270 to €85,049
of which Land and buildings: -€5,214
- Profit (loss) carried forward -€51,268
down €51,268 (-305.7%), from -€16,772 to -€68,041
- Trade debts -€23,434
down €23,434 (-62.6%), from €37,443 to €14,008
- Other debts +€22,729
up €22,729 (+1334.3%), from €1,703 to €24,433
- Tax, wage and social debts +€15,195
up €15,195 (+71.8%), from €21,175 to €36,370
of which Taxes: +€28,025
- Debts after one year -€11,017
down €11,017 (-13.1%), from €84,328 to €73,311
of which Financial debts: -€11,017
- Taxes +€32,253
up €32,253 (+572.4%), from €5,635 to €37,888
- Gross operating margin -€16,298
down €16,298 (-41.1%), from €39,696 to €23,398
- Other operating charges -€15,452
down €15,452 (-71.0%), from €21,775 to €6,322
- Depreciation -€2,466
down €2,466 (-23.2%), from €10,622 to €8,155
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.
Cash bridge derived
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 | €190,830 | €144,042 | -€46,789 | -24.5% |
| Fixed assets | 21/28 | €91,270 | €85,049 | -€6,222 | -6.8% |
| Tangible fixed assets | 22/27 | €91,270 | €85,049 | -€6,222 | -6.8% |
| Land and buildings | 22 | €88,935 | €83,721 | -€5,214 | -5.9% |
| Furniture and vehicles | 24 | €2,336 | €1,328 | -€1,008 | -43.1% |
| Current assets | 29/58 | €99,560 | €58,993 | -€40,567 | -40.7% |
| Amounts receivable within one year | 40/41 | €46,502 | €15,498 | -€31,005 | -66.7% |
| Trade receivables | 40 | €46,435 | €14,915 | -€31,520 | -67.9% |
| Other amounts receivable | 41 | €67 | €583 | +€516 | +764.9% |
| Cash at bank and in hand | 54/58 | €51,050 | €43,288 | -€7,762 | -15.2% |
| Deferred charges and accrued income | 490/1 | €2,007 | €207 | -€1,800 | -89.7% |
| Total equity and liabilities | 10/49 | €190,830 | €144,042 | -€46,789 | -24.5% |
| Equity | 10/15 | €36,809 | -€14,459 | -€51,268 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €34,989 | €34,989 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €33,130 | €33,130 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,772 | -€68,041 | -€51,268 | -305.7% |
| Amounts payable | 17/49 | €154,022 | €158,501 | +€4,479 | +2.9% |
| Amounts payable after more than one year | 17 | €84,328 | €73,311 | -€11,017 | -13.1% |
| Financial debts | 170/4 | €43,102 | €32,085 | -€11,017 | -25.6% |
| Other amounts payable | 178/9 | €41,226 | €41,226 | = | 0.0% |
| Amounts payable within one year | 42/48 | €69,694 | €85,190 | +€15,496 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €9,373 | €10,379 | +€1,006 | +10.7% |
| Trade debts | 44 | €37,443 | €14,008 | -€23,434 | -62.6% |
| Suppliers | 440/4 | €37,443 | €14,008 | -€23,434 | -62.6% |
| Taxes, remuneration and social security | 45 | €21,175 | €36,370 | +€15,195 | +71.8% |
| Taxes | 450/3 | €8,346 | €36,370 | +€28,025 | +335.8% |
| Remuneration and social security | 454/9 | €12,829 | - | -€12,829 | |
| Other amounts payable | 47/48 | €1,703 | €24,433 | +€22,729 | +1334.3% |
| Remuneration, social security and pensions | 62 | €19,656 | €19,640 | -€16 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,622 | €8,155 | -€2,466 | -23.2% |
| Other operating charges | 640/8 | €21,775 | €6,322 | -€15,452 | -71.0% |
| Gross operating margin | 9900 | €39,696 | €23,398 | -€16,298 | -41.1% |
| Operating profit (loss) | 9901 | -€12,357 | -€10,720 | +€1,637 | +13.2% |
| Financial income | 75/76B | €17 | €88 | +€71 | +424.8% |
| Recurring financial income | 75 | €17 | €88 | +€71 | +424.8% |
| Financial charges | 65/66B | €2,705 | €2,748 | +€43 | +1.6% |
| Recurring financial charges | 65 | €2,705 | €2,748 | +€43 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,045 | -€13,380 | +€1,665 | +11.1% |
| Income taxes | 67/77 | €5,635 | €37,888 | +€32,253 | +572.4% |
| Profit (loss) for the period | 9904 | -€20,680 | -€51,268 | -€30,588 | -147.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,680 | -€51,268 | -€30,588 | -147.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.