DIVIDE: 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.
DIVIDE
Largest movements
- Cash -€25,203
down €25,203 (-50.2%), from €50,245 to €25,043
mainly Net result for the year (-€11,407) and Tax, wage and social debts (-€9,670)
- Tangible fixed assets -€1,840
down €1,840 (-11.9%), from €15,520 to €13,680
- Reserves -€11,397
down €11,397 (-40.4%), from €28,185 to €16,789
- Tax, wage and social debts -€9,670
no longer reported in 2023 (was €9,670)
of which Remuneration and social security: -€7,676
- Other debts -€4,372
no longer reported in 2023 (was €4,372)
- Debts after one year -€2,699
down €2,699 (-18.6%), from €14,504 to €11,805
of which Financial debts: -€2,699
- Current portion of long-term debt +€1,043
up €1,043 (+21.6%), from €4,835 to €5,878
- Gross operating margin -€16,808
down €16,808, from €11,798 to -€5,010
- Taxes -€1,994
down €1,994 (-100.0%), from €1,994 to €0
- Depreciation +€613
up €613 (+15.5%), from €3,968 to €4,581
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 | €66,565 | €39,471 | -€27,094 | -40.7% |
| Fixed assets | 21/28 | €16,320 | €14,380 | -€1,940 | -11.9% |
| Intangible fixed assets | 21 | €800 | €700 | -€100 | -12.5% |
| Tangible fixed assets | 22/27 | €15,520 | €13,680 | -€1,840 | -11.9% |
| Furniture and vehicles | 24 | €15,520 | €13,680 | -€1,840 | -11.9% |
| Current assets | 29/58 | €50,245 | €25,092 | -€25,154 | -50.1% |
| Amounts receivable within one year | 40/41 | - | €49 | +€49 | |
| Other amounts receivable | 41 | - | €49 | +€49 | |
| Cash at bank and in hand | 54/58 | €50,245 | €25,043 | -€25,203 | -50.2% |
| Total equity and liabilities | 10/49 | €66,565 | €39,471 | -€27,094 | -40.7% |
| Equity | 10/15 | €33,185 | €21,789 | -€11,397 | -34.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,185 | €16,789 | -€11,397 | -40.4% |
| Distributable reserves | 133 | €28,185 | €16,789 | -€11,397 | -40.4% |
| Amounts payable | 17/49 | €33,380 | €17,683 | -€15,697 | -47.0% |
| Amounts payable after more than one year | 17 | €14,504 | €11,805 | -€2,699 | -18.6% |
| Financial debts | 170/4 | €14,504 | €11,805 | -€2,699 | -18.6% |
| Trade debts | 175 | €0 | - | = | |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €18,876 | €5,878 | -€12,999 | -68.9% |
| Current portion of amounts payable after more than one year | 42 | €4,835 | €5,878 | +€1,043 | +21.6% |
| Taxes, remuneration and social security | 45 | €9,670 | - | -€9,670 | |
| Taxes | 450/3 | €1,994 | - | -€1,994 | |
| Remuneration and social security | 454/9 | €7,676 | - | -€7,676 | |
| Other amounts payable | 47/48 | €4,372 | - | -€4,372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,968 | €4,581 | +€613 | +15.5% |
| Other operating charges | 640/8 | €1,588 | €1,588 | = | 0.0% |
| Gross operating margin | 9900 | €11,798 | -€5,010 | -€16,808 | |
| Operating profit (loss) | 9901 | €6,242 | -€11,180 | -€17,422 | |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €201 | €227 | +€26 | +12.8% |
| Recurring financial charges | 65 | €201 | €227 | +€26 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €6,056 | -€11,407 | -€17,462 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €1,994 | €0 | -€1,994 | -100.0% |
| Profit (loss) for the period | 9904 | €4,062 | -€11,407 | -€15,468 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,062 | -€11,407 | -€15,468 |
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 6 October 2026 via checked.be.