Dr. L. Cools: 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.
Dr. L. Cools
Largest movements
- Receivables after one year +€700,000
new in 2022: €700,000
- Receivables within one year -€521,814
down €521,814 (-99.4%), from €524,879 to €3,066
- Financial fixed assets +€200,000
new in 2022: €200,000
- Cash +€169,269
up €169,269 (+72.8%), from €232,613 to €401,882
- Tangible fixed assets -€88,474
down €88,474 (-33.8%), from €261,728 to €173,254
- Reserves +€501,825
up €501,825 (+64.9%), from €773,152 to €1.3m
of which Distributable reserves: +€1.3m
- Debts -€42,845
down €42,845 (-17.9%), from €239,871 to €197,026
of which Debts after one year: -€71,624
- Gross operating margin +€149,133
up €149,133 (+85.3%), from €174,782 to €323,916
- Taxes +€51,697
up €51,697 (+110.0%), from €47,000 to €98,697
- Financial income +€24,686
new in 2022: €24,686
- Financial charges +€7,307
new in 2022: €7,307
- Other operating charges +€4,577
new in 2022: €4,577
From the 2019 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.
Cash bridge derived
A cash bridge needs two consecutive fiscal 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 | 2019 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,019,220 | €1,478,201 | +€458,981 | +45.0% |
| Fixed assets | 21/28 | €261,728 | €373,254 | +€111,526 | +42.6% |
| Tangible fixed assets | 22/27 | €261,728 | €173,254 | -€88,474 | -33.8% |
| Land and buildings | 22 | - | €173,254 | +€173,254 | |
| Financial fixed assets | 28 | - | €200,000 | +€200,000 | |
| Current assets | 29/58 | €757,492 | €1,104,947 | +€347,455 | +45.9% |
| Amounts receivable after more than one year | 29 | - | €700,000 | +€700,000 | |
| Trade receivables | 290 | - | €700,000 | +€700,000 | |
| Amounts receivable within one year | 40/41 | €524,879 | €3,066 | -€521,814 | -99.4% |
| Other amounts receivable | 41 | - | €3,066 | +€3,066 | |
| Cash at bank and in hand | 54/58 | €232,613 | €401,882 | +€169,269 | +72.8% |
| Total equity and liabilities | 10/49 | €1,019,220 | €1,478,201 | +€458,981 | +45.0% |
| Equity | 10/15 | €779,349 | €1,281,174 | +€501,825 | +64.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €773,152 | €1,274,977 | +€501,825 | +64.9% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €1,273,117 | +€1.3m | |
| Amounts payable | 17/49 | €239,871 | €197,026 | -€42,845 | -17.9% |
| Amounts payable after more than one year | 17 | €153,757 | €82,133 | -€71,624 | -46.6% |
| Financial debts | 170/4 | - | €82,133 | +€82,133 | |
| Amounts payable within one year | 42/48 | €52,212 | €114,893 | +€62,681 | +120.0% |
| Current portion of amounts payable after more than one year | 42 | - | €44,703 | +€44,703 | |
| Trade debts | 44 | €6,442 | €442 | -€6,000 | -93.1% |
| Suppliers | 440/4 | - | €442 | +€442 | |
| Taxes, remuneration and social security | 45 | - | €69,748 | +€69,748 | |
| Taxes | 450/3 | - | €69,748 | +€69,748 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,876 | €25,876 | = | 0.0% |
| Other operating charges | 640/8 | - | €4,577 | +€4,577 | |
| Gross operating margin | 9900 | €174,782 | €323,916 | +€149,133 | +85.3% |
| Operating profit (loss) | 9901 | €143,290 | €293,463 | +€150,173 | +104.8% |
| Financial income | 75/76B | - | €24,686 | +€24,686 | |
| Recurring financial income | 75 | - | €24,686 | +€24,686 | |
| Financial charges | 65/66B | - | €7,307 | +€7,307 | |
| Recurring financial charges | 65 | €9,023 | €7,307 | -€1,716 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €134,267 | €310,842 | +€176,575 | +131.5% |
| Income taxes | 67/77 | €47,000 | €98,697 | +€51,697 | +110.0% |
| Profit (loss) for the period | 9904 | €87,267 | €212,145 | +€124,878 | +143.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,267 | €212,145 | +€124,878 | +143.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.