DR. SPENDLOVE: 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. SPENDLOVE
Largest movements
- Tangible fixed assets -€21,781
down €21,781 (-9.5%), from €229,962 to €208,180
- Current assets +€20,334
up €20,334 (+30.1%), from €67,547 to €87,881
of which Receivables within one year: +€27,815
- Debts after one year -€19,387
down €19,387 (-7.3%), from €265,505 to €246,119
- Equity +€14,902
up €14,902 (+157%), from €9,505 to €24,406
of which Contributions: +€20,000
- Debts within one year +€3,038
up €3,038 (+13.5%), from €22,498 to €25,537
of which Current portion of long-term debt: +€19,387
- Financial charges +€7,653
new in 2022: €7,653
- Taxes +€2,564
new in 2022: €2,564
- Gross operating margin +€1,933
up €1,933 (+4.2%), from €46,119 to €48,052
- Other operating charges +€1,152
new in 2022: €1,152
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,508 | €296,061 | -€1,447 | -0.5% |
| Fixed assets | 21/28 | €229,962 | €208,180 | -€21,781 | -9.5% |
| Tangible fixed assets | 22/27 | €229,962 | €208,180 | -€21,781 | -9.5% |
| Land and buildings | 22 | - | €174,000 | +€174,000 | |
| Furniture and vehicles | 24 | - | €759 | +€759 | |
| Other tangible fixed assets | 26 | - | €33,422 | +€33,422 | |
| Current assets | 29/58 | €67,547 | €87,881 | +€20,334 | +30.1% |
| Amounts receivable within one year | 40/41 | €60,066 | €87,881 | +€27,815 | +46.3% |
| Trade receivables | 40 | - | €2,611 | +€2,611 | |
| Other amounts receivable | 41 | - | €85,270 | +€85,270 | |
| Cash at bank and in hand | 54/58 | €6,463 | - | -€6,463 | |
| Total equity and liabilities | 10/49 | €297,508 | €296,061 | -€1,447 | -0.5% |
| Equity | 10/15 | €9,505 | €24,406 | +€14,902 | +157% |
| Contributions | 10/11 | - | €20,000 | +€20,000 | |
| Reserves | 13 | €1,870 | €1,870 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €95 | +€95 | |
| Reserves not available under the articles | 1311 | - | €95 | +€95 | |
| Distributable reserves | 133 | - | €1,775 | +€1,775 | |
| Profit (loss) carried forward | 14 | -€12,365 | €2,536 | +€14,902 | |
| Amounts payable | 17/49 | €288,004 | €271,655 | -€16,349 | -5.7% |
| Amounts payable after more than one year | 17 | €265,505 | €246,119 | -€19,387 | -7.3% |
| Financial debts | 170/4 | - | €246,119 | +€246,119 | |
| Amounts payable within one year | 42/48 | €22,498 | €25,537 | +€3,038 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | - | €19,387 | +€19,387 | |
| Financial debts | 43 | - | €2,606 | +€2,606 | |
| Credit institutions | 430/8 | - | €2,606 | +€2,606 | |
| Trade debts | 44 | €1,373 | €980 | -€393 | -28.6% |
| Suppliers | 440/4 | - | €980 | +€980 | |
| Taxes, remuneration and social security | 45 | - | €2,564 | +€2,564 | |
| Taxes | 450/3 | - | €2,564 | +€2,564 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,439 | €21,781 | +€342 | +1.6% |
| Other operating charges | 640/8 | - | €1,152 | +€1,152 | |
| Gross operating margin | 9900 | €46,119 | €48,052 | +€1,933 | +4.2% |
| Operating profit (loss) | 9901 | €23,250 | €25,119 | +€1,868 | +8.0% |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | - | €7,653 | +€7,653 | |
| Recurring financial charges | 65 | €7,886 | €7,653 | -€233 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €15,364 | €17,466 | +€2,102 | +13.7% |
| Income taxes | 67/77 | - | €2,564 | +€2,564 | |
| Profit (loss) for the period | 9904 | €15,364 | €14,902 | -€463 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,364 | €14,902 | -€463 | -3.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2021 and 30 June 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.