Critical Narratives: 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.
Critical Narratives
Largest movements
- Tangible fixed assets -€4,019
down €4,019 (-49.8%), from €8,078 to €4,059
of which Furniture and vehicles: -€3,274
- Receivables within one year +€1,363
up €1,363 (+46.9%), from €2,904 to €4,267
of which Other amounts receivable: +€863
- Debts within one year -€2,009
down €2,009 (-35.6%), from €5,635 to €3,627
- Turnover -€33,167
down €33,167 (-70.1%), from €47,312 to €14,145
- Gross operating margin -€33,167
down €33,167 (-70.1%), from €47,312 to €14,145
- Other operating charges -€7,120
down €7,120 (-40.7%), from €17,510 to €10,390
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 | €44,889 | €42,509 | -€2,380 | -5.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €8,078 | €4,059 | -€4,019 | -49.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €8,078 | €4,059 | -€4,019 | -49.8% |
| Plant, machinery and equipment | 23 | €3,306 | €2,560 | -€746 | -22.6% |
| Furniture and vehicles | 24 | €4,772 | €1,499 | -€3,274 | -68.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €36,811 | €38,451 | +€1,639 | +4.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,904 | €4,267 | +€1,363 | +46.9% |
| Trade receivables | 40 | €2,904 | €3,404 | +€500 | +17.2% |
| Other amounts receivable | 41 | - | €863 | +€863 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €33,907 | €34,184 | +€276 | +0.8% |
| Total equity and liabilities | 10/49 | €44,889 | €42,509 | -€2,380 | -5.3% |
| Equity | 10/15 | €39,254 | €38,883 | -€371 | -0.9% |
| Profit (loss) carried forward | 14 | €39,254 | €38,883 | -€371 | -0.9% |
| Amounts payable | 17/49 | €5,635 | €3,627 | -€2,009 | -35.6% |
| Amounts payable within one year | 42/48 | €5,635 | €3,627 | -€2,009 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | - | €0 | = | |
| Trade debts | 44 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Turnover | 70 | €47,312 | €14,145 | -€33,167 | -70.1% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,019 | €4,019 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Other operating charges | 640/8 | €17,510 | €10,390 | -€7,120 | -40.7% |
| Non-recurring operating charges | 66A | €77 | €64 | -€13 | -17.4% |
| Gross operating margin | 9900 | €47,312 | €14,145 | -€33,167 | -70.1% |
| Operating profit (loss) | 9901 | €25,706 | -€328 | -€26,034 | |
| Financial charges | 65/66B | €31 | €60 | +€29 | +90.5% |
| Recurring financial charges | 65 | €15 | €60 | +€45 | +300% |
| Non-recurring financial charges | 66B | €16 | - | -€16 | |
| Profit (loss) for the period before taxes | 9903 | €25,674 | -€388 | -€26,062 | |
| Profit (loss) for the period | 9904 | €25,674 | -€388 | -€26,062 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,674 | -€388 | -€26,062 |
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.