Daniel Benjamin: 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.
Daniel Benjamin
Largest movements
- Cash -€29,502
down €29,502 (-51.3%), from €57,511 to €28,008
mainly Net result for the year (-€78,058) and Trade debts (-€14,516)
- Receivables within one year -€8,909
down €8,909 (-23.9%), from €37,258 to €28,349
of which Other amounts receivable: -€12,317
- Tangible fixed assets -€2,718
down €2,718 (-14.5%), from €18,745 to €16,027
of which Furniture and vehicles: -€5,370
- Stocks and contracts +€2,637
up €2,637 (+5.1%), from €51,484 to €54,121
- Profit (loss) carried forward -€78,058
down €78,058 (-5,530%), from -€1,412 to -€79,469
- Tax, wage and social debts +€34,544
up €34,544 (+53.5%), from €64,512 to €99,057
of which Remuneration and social security: +€34,527
- Other debts +€19,550
up €19,550 (+24.9%), from €78,478 to €98,028
- Trade debts -€14,516
down €14,516 (-62.2%), from €23,319 to €8,803
- Gross operating margin -€89,293
down €89,293, from €77,687 to -€11,606
- Staff costs -€11,059
down €11,059 (-15.9%), from €69,499 to €58,440
- Depreciation +€793
up €793 (+16.1%), from €4,925 to €5,718
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 | €164,998 | €126,518 | -€38,480 | -23.3% |
| Fixed assets | 21/28 | €18,745 | €16,027 | -€2,718 | -14.5% |
| Tangible fixed assets | 22/27 | €18,745 | €16,027 | -€2,718 | -14.5% |
| Plant, machinery and equipment | 23 | €338 | €2,990 | +€2,653 | +786% |
| Furniture and vehicles | 24 | €18,407 | €13,037 | -€5,370 | -29.2% |
| Current assets | 29/58 | €146,253 | €110,491 | -€35,762 | -24.5% |
| Stocks and contracts in progress | 3 | €51,484 | €54,121 | +€2,637 | +5.1% |
| Contracts in progress | 37 | €51,484 | €54,121 | +€2,637 | +5.1% |
| Amounts receivable within one year | 40/41 | €37,258 | €28,349 | -€8,909 | -23.9% |
| Trade receivables | 40 | €22,713 | €26,120 | +€3,407 | +15.0% |
| Other amounts receivable | 41 | €14,545 | €2,229 | -€12,317 | -84.7% |
| Cash at bank and in hand | 54/58 | €57,511 | €28,008 | -€29,502 | -51.3% |
| Deferred charges and accrued income | 490/1 | €0 | €12 | +€12 | |
| Total equity and liabilities | 10/49 | €164,998 | €126,518 | -€38,480 | -23.3% |
| Equity | 10/15 | -€1,312 | -€79,369 | -€78,058 | -5,951% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,412 | -€79,469 | -€78,058 | -5,530% |
| Amounts payable | 17/49 | €166,310 | €205,887 | +€39,578 | +23.8% |
| Amounts payable within one year | 42/48 | €166,310 | €205,887 | +€39,578 | +23.8% |
| Trade debts | 44 | €23,319 | €8,803 | -€14,516 | -62.2% |
| Suppliers | 440/4 | €23,319 | €8,803 | -€14,516 | -62.2% |
| Taxes, remuneration and social security | 45 | €64,512 | €99,057 | +€34,544 | +53.5% |
| Taxes | 450/3 | €2,720 | €2,737 | +€18 | +0.6% |
| Remuneration and social security | 454/9 | €61,793 | €96,319 | +€34,527 | +55.9% |
| Other amounts payable | 47/48 | €78,478 | €98,028 | +€19,550 | +24.9% |
| Remuneration, social security and pensions | 62 | €69,499 | €58,440 | -€11,059 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,925 | €5,718 | +€793 | +16.1% |
| Other operating charges | 640/8 | €1,932 | €2,107 | +€175 | +9.0% |
| Gross operating margin | 9900 | €77,687 | -€11,606 | -€89,293 | |
| Operating profit (loss) | 9901 | €1,331 | -€77,871 | -€79,202 | |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.6% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.6% |
| Financial charges | 65/66B | €723 | €187 | -€536 | -74.1% |
| Recurring financial charges | 65 | €723 | €187 | -€536 | -74.1% |
| Profit (loss) for the period before taxes | 9903 | €625 | -€78,058 | -€78,683 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €625 | -€78,058 | -€78,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €625 | -€78,058 | -€78,683 |
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 27 October 2026 via checked.be.