De Paddock-Stabroek: 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.
De Paddock-Stabroek
Largest movements
- Tangible fixed assets -€44,093
down €44,093 (-40.9%), from €107,700 to €63,607
- Receivables within one year -€23,518
down €23,518 (-50.5%), from €46,573 to €23,055
- Cash -€6,839
down €6,839 (-99.5%), from €6,870 to €32
mainly Other debts (-€73,035) and Net result for the year (-€3,472)
- Other debts -€73,035
down €73,035 (-82.2%), from €88,804 to €15,769
- Tax, wage and social debts +€7,077
up €7,077 (+40.7%), from €17,374 to €24,452
of which Taxes: +€5,079
- Profit (loss) carried forward -€3,472
down €3,472 (-10.0%), from €34,830 to €31,359
- Debts after one year -€3,461
no longer reported in 2022 (was €3,461)
- Current portion of long-term debt -€1,633
down €1,633 (-32.1%), from €5,094 to €3,461
- Gross operating margin -€5,401
down €5,401 (-20.4%), from €26,454 to €21,053
- Depreciation -€1,006
down €1,006 (-4.2%), from €23,784 to €22,778
- Other operating charges +€581
up €581 (+60.8%), from €956 to €1,537
- Taxes -€434
down €434, from €431 to -€3
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.
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.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,296 | €87,168 | -€74,128 | -46.0% |
| Fixed assets | 21/28 | €107,700 | €63,607 | -€44,093 | -40.9% |
| Tangible fixed assets | 22/27 | €107,700 | €63,607 | -€44,093 | -40.9% |
| Land and buildings | 22 | €44,274 | €38,738 | -€5,536 | -12.5% |
| Plant, machinery and equipment | 23 | €7,573 | €4,086 | -€3,487 | -46.0% |
| Furniture and vehicles | 24 | €27,038 | €13,282 | -€13,756 | -50.9% |
| Other tangible fixed assets | 26 | €28,815 | €7,500 | -€21,315 | -74.0% |
| Current assets | 29/58 | €53,596 | €23,561 | -€30,035 | -56.0% |
| Amounts receivable within one year | 40/41 | €46,573 | €23,055 | -€23,518 | -50.5% |
| Trade receivables | 40 | €46,573 | €23,055 | -€23,518 | -50.5% |
| Cash at bank and in hand | 54/58 | €6,870 | €32 | -€6,839 | -99.5% |
| Deferred charges and accrued income | 490/1 | €153 | €475 | +€322 | +210% |
| Total equity and liabilities | 10/49 | €161,296 | €87,168 | -€74,128 | -46.0% |
| Equity | 10/15 | €42,890 | €39,419 | -€3,472 | -8.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,830 | €31,359 | -€3,472 | -10.0% |
| Amounts payable | 17/49 | €118,406 | €47,749 | -€70,657 | -59.7% |
| Amounts payable after more than one year | 17 | €3,461 | - | -€3,461 | |
| Financial debts | 170/4 | €3,461 | - | -€3,461 | |
| Amounts payable within one year | 42/48 | €114,945 | €47,749 | -€67,196 | -58.5% |
| Current portion of amounts payable after more than one year | 42 | €5,094 | €3,461 | -€1,633 | -32.1% |
| Trade debts | 44 | €3,673 | €4,067 | +€394 | +10.7% |
| Suppliers | 440/4 | €3,673 | €4,067 | +€394 | +10.7% |
| Taxes, remuneration and social security | 45 | €17,374 | €24,452 | +€7,077 | +40.7% |
| Taxes | 450/3 | €17,374 | €22,454 | +€5,079 | +29.2% |
| Remuneration and social security | 454/9 | - | €1,998 | +€1,998 | |
| Other amounts payable | 47/48 | €88,804 | €15,769 | -€73,035 | -82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,784 | €22,778 | -€1,006 | -4.2% |
| Other operating charges | 640/8 | €956 | €1,537 | +€581 | +60.8% |
| Gross operating margin | 9900 | €26,454 | €21,053 | -€5,401 | -20.4% |
| Operating profit (loss) | 9901 | €1,714 | -€3,262 | -€4,976 | |
| Financial charges | 65/66B | €345 | €213 | -€132 | -38.3% |
| Recurring financial charges | 65 | €345 | €213 | -€132 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €1,369 | -€3,475 | -€4,844 | |
| Income taxes | 67/77 | €431 | -€3 | -€434 | |
| Profit (loss) for the period | 9904 | €938 | -€3,472 | -€4,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €938 | -€3,472 | -€4,410 |
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 17 October 2026 via checked.be.