Dr Johan Denis: 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.
Dr Johan Denis
Largest movements
- Tangible fixed assets -€27,555
down €27,555 (-36.2%), from €76,216 to €48,661
of which Land and buildings: -€17,253
- Cash +€4,702
up €4,702 (+85.0%), from €5,533 to €10,235
- Stocks and contracts +€1,562
new in 2023: €1,562
- Other debts +€34,074
up €34,074 (+89.0%), from €38,271 to €72,344
- Debts after one year -€25,696
no longer reported in 2023 (was €25,696)
- Profit (loss) carried forward -€19,001
down €19,001 (-83.8%), from -€22,672 to -€41,673
- Current portion of long-term debt -€13,122
no longer reported in 2023 (was €13,122)
- Tax, wage and social debts +€1,727
up €1,727 (+494%), from €350 to €2,077
- Financial charges -€3,964
down €3,964 (-99.9%), from €3,966 to €2
- Gross operating margin +€1,286
up €1,286 (+23.7%), from €5,423 to €6,710
- Other operating charges +€397
up €397 (+29.9%), from €1,327 to €1,724
- Financial income +€126
new in 2023: €126
- Depreciation -€116
down €116 (-0.8%), from €13,854 to €13,738
From the 2021 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,626 | €71,334 | -€21,292 | -23.0% |
| Fixed assets | 21/28 | €76,416 | €48,861 | -€27,555 | -36.1% |
| Tangible fixed assets | 22/27 | €76,216 | €48,661 | -€27,555 | -36.2% |
| Land and buildings | 22 | €65,914 | €48,661 | -€17,253 | -26.2% |
| Furniture and vehicles | 24 | €10,302 | - | -€10,302 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €16,210 | €22,473 | +€6,263 | +38.6% |
| Stocks and contracts in progress | 3 | - | €1,562 | +€1,562 | |
| Stocks | 30/36 | - | €1,562 | +€1,562 | |
| Current investments | 50/53 | €10,676 | €10,676 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,533 | €10,235 | +€4,702 | +85.0% |
| Total equity and liabilities | 10/49 | €92,626 | €71,334 | -€21,292 | -23.0% |
| Equity | 10/15 | €14,621 | -€4,381 | -€19,001 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €24,892 | €24,892 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €23,032 | €23,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,672 | -€41,673 | -€19,001 | -83.8% |
| Amounts payable | 17/49 | €78,005 | €75,715 | -€2,290 | -2.9% |
| Amounts payable after more than one year | 17 | €25,696 | - | -€25,696 | |
| Financial debts | 170/4 | €25,696 | - | -€25,696 | |
| Amounts payable within one year | 42/48 | €52,309 | €75,715 | +€23,406 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €13,122 | - | -€13,122 | |
| Trade debts | 44 | €566 | €1,293 | +€727 | +128% |
| Suppliers | 440/4 | €566 | €1,293 | +€727 | +128% |
| Taxes, remuneration and social security | 45 | €350 | €2,077 | +€1,727 | +494% |
| Taxes | 450/3 | €350 | €2,077 | +€1,727 | +494% |
| Other amounts payable | 47/48 | €38,271 | €72,344 | +€34,074 | +89.0% |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,854 | €13,738 | -€116 | -0.8% |
| Other operating charges | 640/8 | €1,327 | €1,724 | +€397 | +29.9% |
| Gross operating margin | 9900 | €5,423 | €6,710 | +€1,286 | +23.7% |
| Operating profit (loss) | 9901 | -€9,758 | -€8,752 | +€1,005 | +10.3% |
| Financial income | 75/76B | - | €126 | +€126 | |
| Recurring financial income | 75 | - | €126 | +€126 | |
| Financial charges | 65/66B | €3,966 | €2 | -€3,964 | -99.9% |
| Recurring financial charges | 65 | €3,966 | €2 | -€3,964 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,723 | -€8,628 | +€5,095 | +37.1% |
| Income taxes | 67/77 | €117 | €15 | -€102 | -87.4% |
| Profit (loss) for the period | 9904 | -€13,840 | -€8,643 | +€5,197 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,840 | -€8,643 | +€5,197 | +37.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.